Business

By Daniel Kachere Harare Metropolitan Province is losing several United States dollars in revenue following the continued sprouting of space barons and operations of unlicensed businesses within the capital, Nhau has learnt. This is contained in a public notice issued by the Secretary for Provincial Affairs and Devolution, Tafadzwa Muguti …

Global medical consumables manufacturing giant, Intrapharma, plans to set up a drug manufacturing plant in Zimbabwe before year end. The United Arab Emirates-based medical consumables manufacturer comes at a time when the Government is on a drive to lure investment and also trying to revamp the medical consumable industry. Its …

At least  50 companies are deducting amounts from their employees’ salaries and wages but failing to remit  the amounts to the relevant retirement funds amid fears pension scheme members will in future receive reduced or no benefits at all. This comes as the pensions contribution arrears hit ZWL$5.3bn at the end of …

Local maize farmers are set to keep hold of their grain as they stand firm on their initial demand of being paid in United States dollar despite the government rolling out a US$90 incentive for early grain deliveries. On Tuesday the Cabinet agreed that farmers who deliver maize to the …

The National Railways of Zimbabwe (NRZ) and some local authorities have been named among a list 50 defaulting employers who owe the Insurance and Pensions Commission (IPEC) in excess of ZWL$5.3 billion in unremitted pensions. Their failure to comply with the labour based statutory requirement has seen some of the …

The UK government says it is not “currently considering” copying European Union plans for a common charging cable. The EU has provisionally agreed all new portable electronic devices must, by autumn 2024, use a USB Type-C charger, a move it says will benefit consumers. Critics say it will stifle innovation. …

A PARTNERSHIP between Government and the World Bank has resulted in the introduction of free ambulance services and medication for needy pregnant women in Bulawayo and Harare as part of efforts to improve health services. Ambulance crews in the two cities will also receive foreign currency incentives. The deal is …

By Daphne Nyakanyanga On Tuesday government bowed to pressure from maize producers who were reneging to sell the product to the Grain Marketing Board (GMB) citing poor prices which required a review. An uproar from the farmers pressured Cabinet to offer them a US$90 per metric ton incentive (backdated to …

For five years, the world’s largest cryptocurrency exchange Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds, a Reuters investigation has found. In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual …

By Daphne NyakanyangaFuel prices continue to rise in the country after the Zimbabwe Energy Regulatory Authority (ZERA) hiked the prices of diesel and blend with immediate effect. The new prices are contained in a statement released by the energy regulator Tuesday. Diesel and blend prices rose from US$1.74 to US$1.76 …