– Beneficiaries claim to have excess– Product sold at half of market price– Farmers warned against inputs abuse– Experts bemoan resource wastage By Kundai Marunya Inputs for Government’s Pfumvudza and Command Agriculture programmes have found their way to the black market where they are being sold for less than their …
Read More »Desperate degreed people turn-up for nightclub job
Scores of graduates from various universities throughout the country and even abroad were part of over 300 jobseekers that turned up for #Hashtag Nightclub job interviews conducted in Bulawayo last week.The place was crawling with job seekers, who after years of joblessness, are prepared do anything.Unemployment in Zimbabwe is estimated …
Read More »Spain’s BBVA to sell U.S. banking arm to PNC for $11.6 billion
Spain’s BBVA BBVA.MC is to sell its U.S. business to PNC Financial Services Group Inc PNC.N for $11.6 billion in cash, in one of the biggest global banking deals this year. The sale will further consolidate the U.S. banking sector, but has also instantly prompted speculation BBVA could now use …
Read More »Asia marches on
The announcement, a week ago, that Pfizer PFE.N had developed a very effective vaccine has investors hoping for similar good news soon from rival Moderna MRNA.O and looking past a tough winter to a better spring and summer ahead. Besides the virus, Brexit trade talks are chief among European investors’ …
Read More »Global stocks head for record high on recovery, vaccine hopes
Global stocks eyed a fresh record high on Monday as signs of economic recovery in China and Japan, recent strong corporate earnings and hopes of a Covid-19 vaccine bolstered investor sentiment. The MSCI World Index of global shares rose 0.4 percent to 608.98 points, just shy of the record high …
Read More »Zambian Finance Minister says bondholders to blame for default
Zambia’s Finance Minister Bwalya Ng’andu said bondholders brought last week’s default upon themselves because they refused to sign confidentiality agreements that would have allowed him to share more information on debts from Chinese lenders.In a near hour-long interview broadcast on state television late Sunday, Ng’andu also called on the International …
Read More »Second strict lockdown looming
– Experts warn of severe 2nd wave– Govt reassessing border opening– Headaches over economy – Public urged not to relax By Vivian MugarisiExperts have warned that Zimbabwe could experience a resurgence in Covid-19 cases though shutting down of the economy may not be required. This comes as a number of …
Read More »40pc Salary lncrease For Civil Servants Won’t Destabilise Economy: Mthuli Ncube
The decision taken by Government to increase salaries for civil service workers will not destabilise the economy as measures have been put in place, Minister of Finance and Economic Development Professor Mthuli Ncube said this during Tuesday’s post Cabinet briefing. This was after Minister of Information, Publicity and Broadcasting Services, …
Read More »RBZ Makes Historical Industrial Allotment
Reserve Bank of Zimbabwe Tuesday allotted a total US$31,7 million to industry, becoming the highest amount to be availed since the launch of the auction system in June this year. The auction last reached its peak of allotments in September this year after allotting US$31,6 million. A trading update released …
Read More »More ZESA Tariff Increases On The Way
It was only Sunday when the ZESA tariffs were hiked by another 50% following a 50% increase that was announced in October. I think it would be an understatement to say that we are still reeling from the last ZESA tariff increase. It seems like there will be little for …
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