Business

President Mnangagwa is expected to leave the country this afternoon to join fellow African Heads of State at the high-level 15th US-Africa Business Summit that kicks off at the Royal Aria Convention Centre here today. More than 1 000 participants will take part at the continent’s largest annual gathering of …

Multichoice, which is banking on economic and monetary policy reforms in Nigeria to offset exchange rate losses, considers Zimbabwe an important market that is better than its West African counterpart in terms of repatriation of earnings. The JSE-listed pay-television and streaming firm’s rest of Africa segment swung back to profitability …

White former commercial farmers have turned to the African Development Bank (AfDB) to facilitate further negotiations to hummer a sustainable solution on the US$3,5 billion deal they signed with the Zimbabwean Government three years ago after members rejected new proposed payment terms, Business Weekly can reveal. Zimbabwe came up with …

A joint investigative report by The Sentry and Open Secrets exposes how Zimbabwean presidential advisor and business tycoon Kudakwashe Tagwirei, the subject of numerous corruption allegations, was able to move suspect funds from the Reserve Bank of Zimbabwe to the City of London using a combination of fronts, apparently false …

In what is clear testimony to the global lithium boom and Zimbabwe’s potential as a key resource base, the Zimbabwe Investment and Development Agency (ZIDA), issued 42 licenses to lithium investors in the first quarter of year 2023 alone, Business Weekly can reveal. This constitutes 36 percent of the total …

The latest report by international investigative agencies — Sentry and Open Secrets — has exposed how Zimbabwe may have attracted a huge unaccounted-for public debt through Treasury Bills issued by the Reserve Bank of Zimbabwe (RBZ) between 2014 and 2018. The joint investigation exposed how State coffers were bled through …

Government has granted authority for traditional leaders and war veterans to acquire mining tittles as part of efforts to broaden the participation of communities in the mining sector. In addition, Cabinet also approved an exemption on the ban of export of chrome ore by some companies to allow them to …

The Finance Ministry has vowed to go after Local Authorities who are defying the directive to collect all rates payments in ZW$ instead continuing to set demands for the US$ in serious breach of government policy. In May this year, the government directed all agencies including local authorities to collect …

The Harare City Council (HCC) has reversed its controversial decision to bill rate payers in US dollars only following a treasury order for the local authority to abandon the action. Town House had announced the measure claiming this was a way to preserve the value of the city’s bank balances …

Botswana and De Beers Group have agreed a new diamond sales deal in which the African country, the world’s No. 1 diamond producer by value, gradually increases the share of rough stones it gets from their joint venture Debswana over the next decade to 50%, the government and the mining …