Business

As the Second Republic continues to create an enabling environment to accelerate modernisation and industrialisation, all scientific research should be contextualised to respond to the country’s needs, President Mnangagwa has said. Already, President Mnangagwa, who is the Chancellor of all State universities, has established industrial parks and innovation hubs at …

The Zimbabwe Stock Exchange (ZSE) recorded a total market turnover of ZWL$171 billion in the third quarter of this year, up 418% from the comparable quarter last year, with five firms contributing more than half of the total revenue. Higher turnover in a stock indicates better liquidity, which means that …

Tanzania has opened an office for the Tanzania Ports of Authority (TPA) in Zimbabwe which will assist in the importation of cars and other goods from the ocean-linked country. Hitherto, Zimbabweans have been travelling long distances to access their second-hand cars bought from either Asia and Europe, which come through …

Development partners financing the nearly US$300 million Kariba Dam Rehabilitation project have expressed concern over delays in completing expansion works at the lake after the Zambezi River Authority (ZRA) missed the completion deadline by four years, resulting in rising costs. Kariba, the largest man-made lake in the world by water …

Zimbabwe hopes to become the world’s largest exporter of the chemical element Lithium. Lithium, or ‘white gold’ as it is often known to investors, has become an incredibly valuable resource, as it is one of the key components of electric vehicle batteries. Now an unlikely African country hopes to become …

The Financial Intelligence Unit (FIU) has expressed disquiet over high prices charged by local manufacturers amid worries this could set off another wave of price increases across the entire supply chain. Oliver Chiperesa, director general of the FIU, told Business Times that the national task force’s desire was to remove …

ZESA general manager (stakeholders relations) Dr George Manyaya was last week named the Marketers Association Zimbabwe (MAZ) public relations manager of the year for his role in opening up the power utility to the public.  Dr Manyaya, who is also the Zimbabwe National Roads Administration (Zinara) board chairperson, continues to …

Panic over a falling Zimbabwe dollar is spreading amid fears of a repeat of the economic unrest seen before the harmornised elections held in August as the government is allegedly printing and injecting massive amounts of money into the financial system and the frail economy in a dramatic uptick in …

Zimbabwe supermarkets are full of goods, but low on customers. The shoppers are at the “tuck shops”, informal shops that now dominate the retail space at the expense of formal retailers. The small traders are well stocked and more affordable. This is because they can sell exclusively in US dollars …

Road construction workers have stumbled on “huge” lithium deposits along the Harare-Beitbridge highway near Ngundu, ZimLive can reveal. The accidental discovery was made between Ngundu and Runde by workers from Bitumen, one of the companies contracted for the 582km road upgrade. A company source said: “As the workers were widening …