Business

The deteriorating economic situation in Zimbabwe will likely be felt by the already ailing companies and restive Zimbabweans going into 2022 owing to a hostile business environment and high-country risk which threatens investments and growth prospects, captains of industry warned. However, Finance and Economic Development Minister, Mthuli Ncube, believes 2021 …

NEWLY formed Front for Economic Emancipation (FEEZ) leader Godfrey Tsenengamu has castigated President Emmerson Mnangagwa and his Zanu PF party for fronting foreign interests by looting the country’s mineral wealth. The former Zanu PF youth league political commissar was speaking at the launch of his party in Harare, Saturday where …

The African continent and Zimbabwe, in particular, should start benefiting from its vast resources while using latest digital innovations that would spur economic development, Zimbabwean-born pan-African entrepreneur Langton Chirinda has said. The Australian-based was among 10 semi-finalists in the African Continental Free Trade Area Caravan Prize which also had five …

Zimbabwe and Britain have pledged to continue strengthening their co-operation in improving the quality of education through equipping teachers with required resources. This came out yesterday during a meeting in Harare between Minister of Primary and Secondary Education Dr Evelyn Ndlovu and British Ambassador to Zimbabwe Ms Melanie Robinson. The …

Zesa Holdings has threatened to switch off mining houses over a US$37 million legacy debt, which it blames for crippling the power utility’s operational efficiency. Amid subdued domestic electricity generation, the power utility is struggling to pay for emergency supplies from regional producers such as Hydro Cahora Bassa (HCB) of …

The year 2021 has witnessed several changes on the agricultural front. There has been significant growth in the sector, riding on a good rainfall season. Some agricultural sub-sectors like cotton have continued to be affected by delayed payments to farmers.  But in the past few months, the economy has also …

Leading funeral services company, Doves, allegedly buried a coffin without a body in error, and when it became aware of the mistake six months later, it disposed of the body without the knowledge of the dead man’s family. The shock claims have been made by a Harare law firm which …

The Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit has proposed the phasing out of physical bulk airtime recharge sales and put a cap on individual electronic purchases, citing the need to curb the rampant abuse of the platforms by illicit currency speculators. The measures are contained in a circular …

The Justice, Legal and Parliamentary Portfolio Committee has called for increased budgetary allocations to independent commissions to enable them to fulfil their mandate in aiding democracy. The Constitution provides for independent commissions such as the Zimbabwe Anti-Corruption Commission (Zacc), Zimbabwe Human Rights Commission, National Peace and Reconciliation Commission and the …

Steward Bank, the country’s largest bank by account holders, has launched a US dollar domestic remittance service which it says will ease the burden for millions of Zimbabweans who need to safely and securely move money across the country. The new service, branded StewardRemit, will allow instantaneous or real-time US …