Business

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 …

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 …