Business

The Zimbabwe Power Company (ZPC) has been cleared to cancel a multi-million-dollar tender awarded to businessman Wicknell Chivayo and his Intratrek company after the Supreme Court overturned a High Court ruling which compelled the power utility to see the tender through. The ruling on Monday came as Chivayo’s appearance before …

ZIMBABWE lost more than $3 billion in potential revenue in April alone following its ban on imports of vehicles that are older than 10 years.The number of vehicles imported has dropped steeply by between 2 000 and 3 000 per month. The drop also has ripple effect in the motor …

By Ray Ndlovu Zimbabwe’s breakneck inflation rate is slowing and that’s prompting signs of normalcy in the local stock market. In the southern African nation’s topsy-turvy markets, stocks have proved a haven for investors seeking to preserve their wealth from inflation that reached 837% in July last year. As the pace …

THE Tobacco Industry and Marketing Board (TIMB) has appointed Meanwell Gudu as its substantive chief executive officer (CEO), replacing Andrew Matibiri who leaves the golden leaf’s  marketing regulator at the end of this month after over a decade of service. Gudu has been TIMB’s technical services executive since 2008. TIMB …

Growing Pains: Female Tobacco Farmers Struggle To Compete Moreen Tanhara waits patiently for officials to inspect her tobacco. The 49-year-old has travelled nearly 100 miles (150km) overnight in an old lorry to reach Tobacco Sales Floor, an auction house in Harare. Tanhara sits quietly on one of the fragrant sacks …

First Floor Gallery recently opened a solo exhibition by Zimbabwean artist Helen Teede in their new space inside the Elephant’s Walk Artist Village Complex in Victoria Falls. The opening for the art exhibition titled ‘Artemisia’ was well attended by art lovers, who included the local artist and business community, while …

Leading online gallery Avac Arts has donated an education themed sculpture to the Catholic University in Zimbabwe (CUZ). The sculpture by Chitungwiza Arts Centre based artist Personal Zenda was handed over to the university’s officials at a graduation ceremony held at Meikles Hotel on Monday. The art piece titled ‘Knowledge …

The market is fuelled by the struggle women have to access health facilities By Kimberly Mutandiro Birth control pills freely distributed in Zimbabwe are being smuggled into and sold in South Africa.Many Zimbabwean women prefer these pills above those from South African clinics.The market is fuelled by the struggle women have …

Engagement of stakeholders in planning and implementation of council business is vital Kadoma’s City Council is determined to forge ahead on a progressive trajectory, an interactive forum has heard. Town clerk Malvern Dondo made the remarks in the closing stages of a meeting convened last Thursday by the city fathers …

Zimbabwe’s youth bank, Empower Bank is inviting youths below the age of 35 to a coaching session on how to write winning project proposals. Empower Bank was formed with the purpose of providing social and financial solutions to the financially excluded population especially youths. It offers loans to youth-led businesses …