Business

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 …

The cooking oil industry has engaged the Reserve Bank of Zimbabwe (RBZ) to review the weekly allocation of US$500 000 per member at a time when the edible price has more than doubled due to opening up the world economy after  two years of Covid-19 siege. Edible oil prices have risen …

DRC-Some 210 Zimbabwean drivers working for J&J Transport Africa have gone on strike in the Democratic Republic of Congo (DRC) demanding US$500 monthly health allowances which their employer is allegedly withholding from them. The drivers dumped their trucks at Kasumbalesa Border Post last week and efforts to force them back …

Zimbabwe’s central bank is revising its inflation forecast upward after annual price-growth surged to more than 100% this month. Factors including shortages of everything from corn to cooking oil stoked by the war in Ukraine, rising fuel prices and domestic exchange-rate volatility are reasons to adjust the outlook, Reserve Bank …