Business

Not all farmers are ecstatic about the early rains, with wheat farmers in Mashonaland West apprehensive that the early falls since last week will affect their crop. Most farmers have not yet started harvesting their winter wheat crop due to challenges in securing combine harvesters, although more have become available …

Efforts have been suspended to rescue or recover the bodies of five miners trapped underground at Task Mining Syndicate in Chegutu 30 days ago when a mineshaft collapsed since more people may die in the dangerous ground although there is now no hope of finding survivors.Once Cabinet confirms the abandonment …

Cassava Smartech Zimbabwe Limited (CSZL) reports that its mobile money transfer subsidiary, Ecocash has registered an 11 percent transactional value decline in the wake of stricter operating regime imposed by the central bank recently.Between April 2020 and September 8, 2020, the Reserve Bank of Zimbabwe, through its subsidiary, the Financial …

A major Gwanda goldbelt miner, Caledonia Mining Corporation, signed a memorandum of understanding (MoU) with the Government yesterday so it can boost investment and production in its gold mining and play a leading part in the drive to a US$12 billion mining sector economy by 2023. President Mnangagwa, speaking at …

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) on Thursday increased domestic electricity tariffs by 50 percent, the second such raise in a week.The ZESA subsidiary – struggling to pay for power imports – warned consumers of another increase on November 1.Consumers were already smarting after the power utility on …

City of Harare officials descended on the Simon Mazorodze Innscor Food court car sale and started barricading the open space to rid of car dealers who were utilising the space for business. The operation by HCC to remove the car dealers was provided with security from riot police Friday morning.

ZIMBABWE’s formal sector is expected to shed over 50,000 jobs by year end amid a contracting economy as companies take a knock from the effects of the Covid-19 pandemic, Business Times can report. The projected job losses come after various local firms have been trimming workers to contain costs in …

ZIMBABWE Stock Exchange is finalizing modalities for the opening of Victoria Falls Stock Exchange (VFEX) offices in the resort town in line with country’s thrust to transform the tourism capital into a fully-fledged offshore financial services centre. Officials from the Zimbabwe Stock Exchange recently visited the resort town to engage …

FAST food outlet, Eat n Lick, has acquired new equipment to improve operations as part of a rebranding drive to keep abreast with international standards. The food outlet, which has 13 branches across the country, saw its expansion programme hitting a brick wall owing to outbreak of the Covid-19 pandemic. …

LEADING hospitality player, Rainbow Tourism Group (RTG) is set to launch another sub-application on its main Gateway Stream application in a bid to give its clients a fulfilling experience. Speaking to NewZimbabwe.com Business Thursday, the RTG head of business Information Systems and Gateway Stream, Taremeredzwa Chipepera revealed more sub apps …