Business

Another wave of price increases is set to hit the local markets following the latest approval of fuel price increases by the Zimbabwe Energy Regulatory Authority (ZERA). This will see fuel prices reaching US$1,40 per litre this week. In a statement late Tuesday evening, ZERA said; “Please be advised that …

Cabinet has given licensed bars the greenlight to reopen after nearly 19 months of Covid-19 restrictions, which saw the showbiz and nightlife industry go into comatose. Ironically, the announcement was made as President Mnangagwa extended the Level 2 Covid-19 lockdown by a further two weeks. The Level 2 lockdown comes …

Records from a massive offshore data leak have provided the most detailed account yet of buccaneering mining and fuel magnate Billy Rautenbach’s family empire. It started with a marriage settlement. In 2013, one of Zimbabwe’s richest men and arguably one of the most controversial business figures in southern Africa, Muller …

When Mthuli Ncube was appointed Zimbabwe’s finance minister in September 2018, the country’s crypto enthusiasts hoped he would walk back some of the restrictions imposed on cryptocurrency trading. The truly optimistic hoped he would become a champion of digital currencies. “When he joined government, he was bullish about cryptocurrencies,” William …

Zimbabwe’s deputy chief secretary to the president and cabinet set up an offshore shell company in the Seychelles while serving as defence secretary, leaked financial documents show. Martin Rushwaya, a relative of then defence minister Emmerson Mnangagwa, now president, created Greatgem Corp. in the Seychelles in 2010, with the help …

Rwanda’s President Paul Kagame says his government is urgently looking for ‘quality’ Zimbabwean teachers who are in high demand in a vote of confidence for the country’s professionals, Business Times can report. Kagame revealed this yesterday at the on-going Rwanda-Zimbabwe Trade and Investment Conference in Kigali, Rwanda. “Zimbabwe can offer …

Zimbabwe has been asked to settle a US$70 million debt after it lost an international arbitration case over canceled nickel and platinum ventures between a private company and the state miner more than a decade ago. Companies linked to the British Virgin Islands-registered Amari Platinum Mauritius Limited (Amaplat) in 2019 …

Investors and the Hwange community should have a mutual relationship in order to achieve an upper middle class income economy within the district, a business expert has said. Currently infrastructural developments within the district are moving at a snail’s pace as the two entities are disconnected while the disgruntled community …

The upbeat tone by the government on the country’s economic recovery is a far cry from the reality of power outages, a sharp increase of prices of basic commodities and worsening poverty levels stalking citizens. Fiscal and monetary authorities have painted a rosy picture of economic recovery pointing to various …

The Matebeleland North Agricultural Show will be held from September 29 to October 3 this year with exhibitors and visitors expected to fully adhere to the Covid-19 regulations, Indaba has learnt. This year’s theme will be dubbed “Rising from turbulent times and sustaining growth in and beyond Covid -19″. Matabeleland …