Business

The National Railways of Zimbabwe (NRZ) and some local authorities have been named among a list 50 defaulting employers who owe the Insurance and Pensions Commission (IPEC) in excess of ZWL$5.3 billion in unremitted pensions. Their failure to comply with the labour based statutory requirement has seen some of the …

The UK government says it is not “currently considering” copying European Union plans for a common charging cable. The EU has provisionally agreed all new portable electronic devices must, by autumn 2024, use a USB Type-C charger, a move it says will benefit consumers. Critics say it will stifle innovation. …

A PARTNERSHIP between Government and the World Bank has resulted in the introduction of free ambulance services and medication for needy pregnant women in Bulawayo and Harare as part of efforts to improve health services. Ambulance crews in the two cities will also receive foreign currency incentives. The deal is …

By Daphne Nyakanyanga On Tuesday government bowed to pressure from maize producers who were reneging to sell the product to the Grain Marketing Board (GMB) citing poor prices which required a review. An uproar from the farmers pressured Cabinet to offer them a US$90 per metric ton incentive (backdated to …

For five years, the world’s largest cryptocurrency exchange Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds, a Reuters investigation has found. In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual …

By Daphne NyakanyangaFuel prices continue to rise in the country after the Zimbabwe Energy Regulatory Authority (ZERA) hiked the prices of diesel and blend with immediate effect. The new prices are contained in a statement released by the energy regulator Tuesday. Diesel and blend prices rose from US$1.74 to US$1.76 …

LUCKY Mugombe (23) and his friend Emmanuel Mudenda (21) sit around a fire near the Zambezi River in Binga’s Simatelele village as they warm themselves on a winter morning. The two fishers have endured a cold night on the perilous Zambezi which has now become their second home. It is …

IT is a long bumpy ride into one of Zimbabwe’s most beautiful but often forgotten places. Binga. Tucked away in Matabeleland North province, one of the most arid regions in Zimbabwe, Binga is the home of the BaTonga people whose relatives can also be found on the other side of …

Russia’s Vi Holdings says it has exited from Great Dyke Investments, leaving the futute of what is supposed to be Zimbabwe’s biggest platinum project at risk.  Vi Holdings is ceding its 47.8% stake to its local partners, Kuvimba Mining House and Fossil, according to Vi Holdings representative Igor Higer.  Higer …

A SURVEY by a local non-governmental organisation has revealed that Zimbabweans are unhappy over government’s plans to pay more compensation to over 160 000 war veterans who were recently vetted. The study by the Zimbabwe Coalition for Debt and Development (Zimcodd) sampled people in Bulawayo, Harare, Mutare, Gweru and Masvingo …