Business

LUCKY Mugombe (23) and his friend Emmanuel Mudenda (21) sit around a fire near the Zambezi River in Binga’s Simatelele village as they warm themselves on a winter morning. The two fishers have endured a cold night on the perilous Zambezi which has now become their second home. It is …

IT is a long bumpy ride into one of Zimbabwe’s most beautiful but often forgotten places. Binga. Tucked away in Matabeleland North province, one of the most arid regions in Zimbabwe, Binga is the home of the BaTonga people whose relatives can also be found on the other side of …

Russia’s Vi Holdings says it has exited from Great Dyke Investments, leaving the futute of what is supposed to be Zimbabwe’s biggest platinum project at risk.  Vi Holdings is ceding its 47.8% stake to its local partners, Kuvimba Mining House and Fossil, according to Vi Holdings representative Igor Higer.  Higer …

A SURVEY by a local non-governmental organisation has revealed that Zimbabweans are unhappy over government’s plans to pay more compensation to over 160 000 war veterans who were recently vetted. The study by the Zimbabwe Coalition for Debt and Development (Zimcodd) sampled people in Bulawayo, Harare, Mutare, Gweru and Masvingo …

PRESSURE is mounting on government to redollarise with civil servants accusing it of acting immorally by charging for services in United States dollars, but refusing to pay its workers similarly. Last week, the Zimbabwe dollar continued its unabated fall against the United States dollar to US$1:$308 from US$1:$258 officially, while …

FOLLOWING revelations Kwekwe city council failed to account for millions of dollars disbursed to it under the Emergency Road Rehabilitation Programme (ERRP2), the transport ministry has conceded that its system of vetting bids is weak. Kwekwe received ZW$68 258 834.18 from the Zimbabwe National Roads Administration (ZINARA) and accepted bids …

MAIZE seed prices have sky-rocketed, a situation farmers have described as forcing them out of the field. A 25kg bag of seed maize now costs between $30 000 and $42 000, while 50kg Compound D fertiliser now costs US$35 or $17 500; and Ammonium Nitrate is now pegged at US$70 …

THE private sector needs to invest more in health and wellness programmes at workplaces as Zimbabwe pushes its health agenda, Vice President and Minister of Health and Child Care,  Dr Constantino Chiwenga, said yesterday. He challenged the corporate world to come up with schemes that allow smaller and micro businesses …

CLOTHING retail chain, Edgars Stores Limited, says despite global shocks in supply chains, it has registered significant volume growth across all business units and plans to open new outlets and intensify efforts to engage new raw material suppliers to mitigate the effects of yarn shortages in the global market. The …

ZIMBABWE and Russia have committed to deepen and expand bilateral relations that exist between the two countries. This came out during the fourth session of the Zimbabwe-Russia Intergovernmental Commission (ICG) on economic, trade, scientific and technical co-operation held in Harare yesterday. At the meeting, the Zimbabwean delegation was led by …