Business

ZIMBABWE should align its legal framework that regulates gemstones with international best practice to curb the illicit trade in minerals, if the country is to benefit from natural resources in a similar manner to Botswana, mining law experts have said.  There are serious gaps in policy, legal and institutional frameworks …

The Bulawayo City Council (BCC) has been urged to be transparent on the Public-Private Partnerships (PPPs) it enters into in order to curb corrupt practices and promote stakeholder involvement. Public-private partnerships involve collaboration between a government agency and a private-sector company that can be used to finance, build, and operate …

The Reserve Bank of Zimbabwe (RBZ) will introduce gold coins as it moves to create a new avenue for investors, central chief John Mangudya has said. The move comes as there has been increased demand for the United States dollar as a store of wealth leading to the sharp depreciation …

Staff Writer Air Tanzania has introduced a fourth flight per week to Harare and instalments for clients willing to travel across the world with the airline, Nhau/Indaba reveals. The carrier will make its maiden fourth flight this Saturday and is expected to land at Robert Gabriel Mugabe (RGM) International airport …

Minister of Finance and Economic Development Professor Mthuli Ncube has announced measures deemed necessary to stabilise the exchange rate and control the inflation rate which has reached the 191.6% mark. In his address to the nation through a press conference Monday morning, Prof. Ncube said the multi-currency system will remain …

ZIMBABWE and Belarus have become close allies, united by commercial and diplomatic interests — including shady deals between their leaders — all being carefully cultivated by the far-flung Eastern European country’s controversial tycoon Alexander Zingman. MOSES MATENGA Tellingly, Zingman is close to President Emmerson Mnangagwa and his counterpart Alexander Lukashenko. …

An internal audit has uncovered corporate governance rot, and looting at ailing parastatal National Railways of Zimbabwe (NRZ) with board chairperson Martin Dinha (pictured) and his board allegedly blowing millions of dollars on luxuries. The audit report, seen by the Zimbabwe Independent, exposes how the struggling parastatal lost millions of …

An investor-friendly environment that comes with ubiquitous construction projects has spurred manufacturing industries growth in Zimbabwe as they have ramped up production in the national quest to be an upper middle class economy by 2030. Such industries that are counting profits riding on the construction of roads, dams and other …

The government last year added US$6,45 billion to the public debt as the Treasury assumed the former white farmer’s compensation fund under domestic debt and the Reserve Bank of Zimbabwe (RBZ) legacy loans. In the Treasury’s newly released 2021 Annual Public Debt Bulletin, public debt was ZW$1,86 trillion and using …

Mobile money service operator EcoCash has adjusted upwards its transaction limits with users now able to send up to ZW$280 000 per month, and to shop and pay bills of up to ZW$400 000 in a single month. “The good news for EcoCash customers is that they can now transact …