Business

The African Continental Free Trade Area (AfCFTA) — a continent-wide trade pact designed to create a market of more than 1,3 billion people — has adopted a protocol banning trade in second-hand clothes in Africa as part of efforts to boost the textile industry. The protocol was adopted during the …

Civil servants will have to be patient as Treasury has shifted their initial July pay dates to allow a rerun of their payroll following adjustments to their remuneration, Nhau/Indaba has established. This is according to a circular from Finance secretary George Guvamatanga to the Public Service Commission seen by Nhau/Indaba …

The cost of living for a family of six doubled to ZWL$2m in June from the May figure following price hikes triggered by currency volatility, the Consumer Council of Zimbabwe (CCZ) has said, piling pressure on employers to review salaries. Civil servants earn US$250 and ZWL$130 000 per month while …

President Mnangagwa is expected to leave the country this afternoon to join fellow African Heads of State at the high-level 15th US-Africa Business Summit that kicks off at the Royal Aria Convention Centre here today. More than 1 000 participants will take part at the continent’s largest annual gathering of …

Multichoice, which is banking on economic and monetary policy reforms in Nigeria to offset exchange rate losses, considers Zimbabwe an important market that is better than its West African counterpart in terms of repatriation of earnings. The JSE-listed pay-television and streaming firm’s rest of Africa segment swung back to profitability …

White former commercial farmers have turned to the African Development Bank (AfDB) to facilitate further negotiations to hummer a sustainable solution on the US$3,5 billion deal they signed with the Zimbabwean Government three years ago after members rejected new proposed payment terms, Business Weekly can reveal. Zimbabwe came up with …

A joint investigative report by The Sentry and Open Secrets exposes how Zimbabwean presidential advisor and business tycoon Kudakwashe Tagwirei, the subject of numerous corruption allegations, was able to move suspect funds from the Reserve Bank of Zimbabwe to the City of London using a combination of fronts, apparently false …

In what is clear testimony to the global lithium boom and Zimbabwe’s potential as a key resource base, the Zimbabwe Investment and Development Agency (ZIDA), issued 42 licenses to lithium investors in the first quarter of year 2023 alone, Business Weekly can reveal. This constitutes 36 percent of the total …

The latest report by international investigative agencies — Sentry and Open Secrets — has exposed how Zimbabwe may have attracted a huge unaccounted-for public debt through Treasury Bills issued by the Reserve Bank of Zimbabwe (RBZ) between 2014 and 2018. The joint investigation exposed how State coffers were bled through …

Government has granted authority for traditional leaders and war veterans to acquire mining tittles as part of efforts to broaden the participation of communities in the mining sector. In addition, Cabinet also approved an exemption on the ban of export of chrome ore by some companies to allow them to …