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Zimbabwe National Chamber of Commerce deputy president Tinashe Manzungu has challenged businesspeople to remodel their operations in the face of economic challenges posed by the COVID-19 lockdown to avoid going under. By Stephen Chadenga In an interview with NewsDay yesterday, Manzungu who is also chairperson of TM Group of …
Read More »Zimbabwe suspends international trading of shares for 3 companies
Business / Companies Zimbabwe suspends international trading of shares for 3 companies by Staff reporter <!– –> GOVERNMENT has suspended for 12 months the international trading of shares for three local companies, namely Old Mutual, PPC limited and Seedco International, amid suspicion they were driving foreign parallel market activities and …
Read More »Mohadi opens Binga border post
Business / Companies Mohadi opens Binga border post by Staff reporter <!– –> GOVERNMENT has commissioned Kasambabezi Border Post in Binga, in a development set to catapult Matabeleland North province to development through tourism and trade with neighbouring Zambia. The border post is one of Government projects spearheaded through the …
Read More »Zim under EU financial crime spotlight
ZIMBABWE is among 12 countries put under the spotlight by the European Union because it has deficiencies under its Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) measures. BY TATIRA ZWINOIRA The EU wants a new system to tackle money laundering and financial crime and it is considering creating a new …
Read More »Mnangagwa’s adviser Busisa Moyo appointed ZITF Boss
Business / Local Mnangagwa’s adviser Busisa Moyo appointed ZITF Boss by Mandla Ndlovu <!– –> The’ Minister of Industry and Commerce, Honourable Dr Sekai Nzeza has appointed President Emmerson Mnangagwa’s advisor Busisa Moyo as the Chairperson of the Zimbabwe International Trade Fair. In a statement issued on Friday, Minister Nzeza …
Read More »Zimbabwe banks close branches, suspend some services
Business / Companies Zimbabwe banks close branches, suspend some services by Staff reporter <!– –> Several Zimbabwean banks have seen closures at some of their branches, while others are no longer accepting physical documents, as the southern African country ramps up preventive measures against the spread of the coronavirus pandemic. …
Read More »Zimbabwe confirms third positive corona virus case
Business / Companies Zimbabwe confirms third positive corona virus case by Staff reporter <!– –> The Health ministry has revealed that one male tested positive for the virus from some 15 specimens tested on Tuesday. “As of today, the number of COVID-19 confirmed cases in the country is now three,” …
Read More »Zororo buried under medical supervision
Business / Companies Zororo buried under medical supervision by Staff reporter <!– –> THE government has confirmed the burial Tuesday of journalist Zororo Makamba who died on Monday, succumbing to the COVID-19 pandemic which has wreaked havoc across the world. Makamba, the 30-year-old broadcaster son of businessman James Makamba, was …
Read More »BREAKING: RBZ re-introduces the United States Dollar
Business / Local BREAKING: RBZ re-introduces the United States Dollar by Mandla Ndlovu <!– –> The Governor of the Reserve Bank of Zimbabwe John Panonetsa Mangudya has announce that the United States Dollar can now be used as legal tender until further notice. In a statement issued on Thursday Mangudya …
Read More »Telcoms revenue jumps 181%
Business / Companies Telcoms revenue jumps 181% by Staff reporter The telecommunications industry’s annual revenue for year 2019 surged 181 percent to $4,5 billion compared to $1,6 billion recorded in the prior driven by inflation induced price hikes. Last year Zimbabwe experienced rapid price increases for goods and services across …
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