Business

Hotelier African Sun (ASL) has made an offer to snap up Dawn Properties in a deal that will see it assume ownership of the property firm’s key assets and its delisting from the local bourse. BY FIDELITY MHLANGA Currently, Dawn Properties owns hotels that are being leased by ASL but …

THE Zimbabwe Revenue Authority (Zimra) says the volume of traffic at Beitbridge Border Post has doubled in the last few days. BY MTHANDAZO NYONI Beitbridge Border Post is one of the busiest inland ports in sub-Saharan Africa and links the northern and southern corridors, with 500 vehicles and 10 000 …

Business / Companies Zimbabwe’s debt-to-GDP ratio to exceed 100% by Staff reporter <!– –> THE Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) says the country’s debt to gross domestic product (GDP) ratio will balloon to 101,6% by year end due to legacy debt, farmers’ compensation and COVID-19. On May …

THE Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) says the country’s debt to gross domestic product (GDP) ratio will balloon to 101,6% by year end due to legacy debt, farmers’ compensation and COVID-19. BY TATIRA ZWINOIRA On May 4, 2020, government announced an $18 billion COVID-19 economic recovery stimulus …

Business / Companies Chamisa urges Zimbabweans to free selves by Staff reporter <!– –> NELSON Chamisa, the MDC-Alliance leader, has admitted his party alone may not be able to push President Emmerson Mnangagwa out of his job through protests, telling journalists Friday it was time for the masses to take …

ZIMTRADE is working on an online store premised on the need to create a singular window for marketing and selling Zimbabwean products virtually, as part of its efforts to remain relevant and aligning to the evolving global trading environment. BY MTHANDAZO NYONI In its latest newsletter, the country’s export promotion …

Business / Companies ‘Ziyambi, Zanu-PF behind MDC chaos’ by Staff reporter ZANU PF politburo member Christopher Mutsvangwa has said Justice minister Ziyambi Ziyambi was behind the chaos in the opposition MDC, telling party officials that he was using the courts to ensure that “MDC goes back to running by its …

THE Reserve Bank of Zimbabwe (RBZ), which was using the fixed exchange rate of US$1:$25, says it will switch back to market-determined exchange rate as the Zimbabwe dollar continues to lose value. BY TATIRA ZWINOIRA The RBZ adopted this fixed exchange rate in March to stabilise the rapidly collapsing Zimdollar, …

Cassava Edutech has launched the Akello E-library, an online library platform offering numerous school curriculum books set to support the Zimbabwe’s education sector. Remarking on the launch, CEO of Cassava Smartech Zimbabwe, the holding company of Cassava Edutech, Eddie Chibi, said they were introducing the E-Library platform to the market …

Business / Companies Mnangagwa’s govt warns MDC about civil unrest by Staff reporter <!– –> Home Affairs minister Kazembe Kazembe said that Government would not put up with anarchy in the country and would deploy the full might of the law if the opposition crossed the line through unsanctioned mass …