Business

Zimbabwe has proposed the signing of a Memorandum of Understanding with Rwanda on cooperation on infrastructure development between the two countries.  The proposal was made by Transport and Infrastructural Development Minister Felix Mhona when he paid a courtesy call on Rwanda’s Infrastructure Minister Claver Gatete yesterday in his on-going working …

A Christian, and child-focused humanitarian aid agency, World Vision collaborating with Welthungerhilfe, Christian Blind Mission and various Government of Zimbabwe departments, has launched a project titled Strengthening Community-Led Actions on Education and Disaster Preparedness also known as SCALE-DP project. With an estimated €2,7million euros (US$3,2 million) funding from the European …

Zim Makes First Payment To Paris Club In 20 Years Zimbabwe says it has made its first debt repayment to a group of creditor countries known as the “Paris Club” under a refreshed plan to clear up to US$10,7 billion owed to several multilateral funders. This debt represents over 70% …

The Government has assured civil servants that they will receive their bonus for this year while it also keeps on improving conditions of service and provision of other non-monetary benefits. The Government  pays bonus to its workers in phases with the first group getting it in November while  other workers …

ZESA has appointed public relations and marketing expert, George Manyaya as the General Manager responsible for Stakeholder Relations, Communications and Welfare with effect from next month. Manyaya was appointed following interviews held in August this year. Zesa executive chairman Sydney Gata confirmed the appointment in a statement saying the former …

Finance Minister Mthuli Ncube  laid out a solid spending plan for the US$961 million recently injected by the International Monetary Fund (IMF), saying the windfall would be guarded by three top bankers, who will report to President Emmerson Mnangagwa monthly. Sectors hardest hit by Covid-19-induced lockdowns would receive maximum attention …

Villagers in ward 14 (Nhakiwa), Uzumba constituency are against the proposed granite mining project by a Chinese company Heijin and have since written to the Mines and Mining Development ministry through their leaders raising their objections. Heijin wants to mine in Nenzou village, Kaseke 1256BM and Chibvi ME1253BM, blocks covering …

Zimbabwe fast food outlets, including popular Chicken Inn, Chicken Slice and Nando’s, are ripping their customers off by using illegal US dollar to Zimbabwean dollar exchange rates, almost double the official Reserve Bank of Zimbabwe (RBZ) rate. A snap survey by NewZimbabwe.com indicated these outlets were using rates as high …

Ethiopian Airlines Group and the Boeing company have signed a strategic Memorandum of Understanding (MoU) on positioning Ethiopia as an aviation hub for Africa.  Building on the two parties’ seventy years of shared history in aviation, the MoU aims at positioning Ethiopia as Africa’s aviation hub – “Ethiopia for Africa”. …

By Mfonobong Nsehe Investors on the Zimbabwe Stock Exchange have amassed staggering wealth since the start of the year owing to the strong pace of recovery in the country and renewed buying interest by local investors, which have pushed the joint valuation of the 20 richest investors in the country …