Business

It is mid-morning in Zimbabwe’s Binga district, on the shores of the Zambezi River, and the sun is already scorching. Takuchinchi Munsaka of the Batonga tribe services the diesel-powered engine of his fishing rig – a boat made up of cylindrical metal at the base, which allows it to float, …

A BBC Panorama investigation has found evidence that suggests one of Britain’s biggest companies paid a bribe to the former Zimbabwean leader Robert Mugabe. Documents show British American Tobacco (BAT) was involved in negotiations to pay between $300,000 and $500,000 to Mugabe’s Zanu-PF party in 2013. The documents also reveal …

President Mnangagwa has commended the role being played by the private sector in driving projects that feed into the country’s vision of establishing a prosperous society in line with the National Development Strategy 1 (NDS1). Launching the US$13 million Seed Co Zimbabwe Seed Maize Conditioning Plant on Thursday, the President …

The government has been duped by an unnamed chemical manufacturer it had engaged to supply chemicals to deal with the quelea birds’ menace which has wreaked havoc in most provinces threatening wheat yield. Speaking to the media after a recent tour of Kwekwe farms in Sherwood block including President Emmerson …

A proposal to merge six financial institutions into three big ones is being considered by the Zimbabwean government, in a different consolidation process from the CBZ Holdings, ZB Financial Holdings, First Mutual Holdings Limited (FMHL) and First Mutual Properties (FMP) merger. As reported by The NewsHawks last week, the government, in collaboration …

In an eyebrow-raising development, the Zimbabwean government, battling the Covid-19 pandemic, has been purchasing expensive Chinese vaccines while overlooking doses supplied at cheaper prices under the Gavi Alliance platform meant to benefit developing countries. The Gavi Alliance, formerly the Global Alliance for Vaccines and Immunisation, is a global health partnership …

The Zimbabwe Tourism Authority (ZTA) has stepped up its domestic tourism marketing efforts by partnering Sports Tourism Inc to hold the Victoria Falls Sports Tourism Experience. The festival is scheduled for September 24 to 26 to promote sports tourism, marketing destination Zimbabwe and creating sustainable development for marginalised communities in …

The Government said the 2021 traditional grains production has improved remarkably and some crops exceeded the highest ever tonnage since independence. Addressing journalists during a Post Cabinet Media briefing Tuesday Information Minister Monica Mutvsngagwa said Mashonaland West Province has the highest maize and soyabean intake, while Mashonaland Central has the …

The Dubai Gold & Commodities Exchange and Zimbabwe’s Victoria Falls Stock Exchange signed a memorandum of understanding that may lead to the establishment of a gold market in the African country. Zimbabwe wants to open the exchange in a bid to create a reference market that will see miners offered competitive prices, …

President Emmerson Mnangagwa has announced that beerhalls, bars and night clubs will remain closed as he eased the current national lock down to Level Two. Addressing the nation from State House Tuesday, Mnangagwa adjusted business operating hours from 8am to 7pm while the curfew has been adjusted to start at …