Business

THE Grain Millers Association of Zimbabwe (GMAZ) has secured 400 000 metric tons of white maize from Zambia and Malawi. The move, which comes after government gave private players the greenlight to import the stapple, offset shortages caused by a severe drought that hit the country during the 2021/22 farming …

THE elderly should be trained in ICTs to benefit from e-Health facilities that are key in modern day consultations, the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) Director-General Gift Machengete says. Speaking the World Telecommunications and Information Society Day commemorations held at the weekend in Murombedzi, Machengete said ICTs …

FARMERS are pleading with the Grain Marketing Board to raise to 50% United States dollar (USD) offer to maize farmers. Zimbabwe Farmers Union (ZFU) president Abdul Nyathi:  “We welcome the 30% offered although we would have wanted it to be 50% for a start. We hope in the next season …

ZIMBABWE born telecommunications entrepreneur Strive Masiyiwa has moved to number 89 on the UK’s rich list, up from 159 last year. According to the Sunday Times Rich List for 2022, Masiyiwa’s fortune has grown to £2bn (US$2.5bn), growing by £913m (US$1.14bn) over the past 12 months. It was when he …

The suspension of loans by banks announced by President Emmerson Mnangagwa on 7 May was a big hammer but it was needed, Finance Minister Mthuli Ncube told the Senate yesterday. Responding to questions, Ncube said the impact was that it had halted the parallel market somewhat. “It was a big …

HARARE – Premier Service Medical Aid Society (PSMAS) managing director Nixjoen Mapesa and his family have been given police protection as a fight for the control of the medical insurance firm turns nasty, ZimLive can reveal. Armed officers from the Criminal Investigations Department have been shadowing Mapesa and his wife, …

ZIMBABWE’S plan to secure a US$1 billion bridge financing facility backed by the African Development Bank (AfDB) will later this month be on the regional lender’s agenda when it holds its annual meetings in Ghana, The NewsHawks has established. Zimbabwe has had arrears with the AfDB and the World Bank …

SUGAR processor Tongaat Hulett Zimbabwe (THZ) was last week forced to increase salaries after disgruntled workers torched plantations of unripe cane in protest over low wages. The incident took place after the company and unions representing the employees reached a deadlock during a collective bargaining process which began in March …

ZIMBABWEAN companies are now operating on a “strictly cash” or “payment upfront” basis in the aftermath of a catastrophic decree by President Emmerson Mnangagwa barring banks from lending. Companies that operate through overdrafts and short-term loans are hamstrung after the government closed the tap on liquidity they desperately need for …

THE Zimbabwe Congress of Trade Unions has slammed President Emmerson Mnangagwa for implementing a raft of economic stabilisation measures before consulting with partners at the Tripartite Negotiation (TNF) and warned the measures could trigger massive job cuts. The TNF is a social dialogue platform which brings together government, business and  …