The influx of imported goods is threatening the future of local industry and placing increased pressure on competitiveness, the president of the Zimbabwe National Chamber of Commerce, Mike Kamungeremu has said. It comes after the government recently suspended duty on imported goods. The move means that anyone can now import …
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Sugarcane miller, Hippo Valley Estates Limited (HVEL) has revealed that its South African parent company, Tongaat Hulett Limited (THL), is in talks with eight potential investors as part of updating its business rescue plans (BRP). In February, THL’s chief executive officer, Gavin Hudson, resigned after struggling to reduce the company’s …
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Zanu PF has pulled rank and issued a chilling warning on political rivals not to accept a US$10 million donation offered to Zimbabwean political parties by Western countries through their agencies for training of election agents ahead of the crucial August poll. In a statement Wednesday, Zanu PF treasurer general …
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The British Government has appointed Mr. Peter Vowles as the new British Ambassador to Zimbabwe, a press release from The United Kingdom Foreign, Commonwealth and Development Office says on its website www.gov.uk/fcdo. He will replace outgoing ambassador Ms. Melanie Robinson upon appointment in September this year. It reads: Change of …
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Plans are at an advanced stage for the construction of a dedicated railway line to connect the US$1,5 billion Dinson Iron and Steel Company (Disco) Manhize plant to Beira in Mozambique, which will enhance efficient bulk cargo movement for exports. The massive integrated iron and steel plant being constructed in …
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Zimbabwe businessman, and founder of Econet Wireless, Strive Masiyiwa is one of the business leaders honoured at the inaugural Pan-African Business and Development Awards held on Monday at the 30th African Export and Import Bank (Afreximbank) Annual Meetings in Accra, Ghana. The awards were instituted by the bank in association …
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While some viewers of Shaka iLembe chose to be crass and focus on some of the nudity on the show, others were impressed by the great acting and the richness of the language on display. Shaka iLembe, the story of the Zulu King, Shaka Zulu aired its first episode on …
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Ghana’s record goalscorer Asamoah Gyan has announced his retirement from football. The 37-year-old fought back tears as he revealed his decision while on stage with former Ivory Coast striker Didier Drogba in the Ghanaian capital, Accra. “It’s time to tell everybody. It’s a very, very difficult moment,” said the former …
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The 11th edition of the Kwekwe Open Karate Championships will take place at Kwekwe Queens Sports Club on July 22. The tournament, dubbed “Best of the Best,” is hosted by Sensei Sheered Ziwira, who is the Japan Karate Association of Zimbabwe chief instructor and Midlands Karate Union technical director. Several …
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Government has mopped more than ZWL$200bn excess liquidity from the market as part of efforts to control price pressures and keep the market stable, a senior government official has revealed. The intervention occurs as consumer prices for goods and services are skyrocketing as a result of the depreciation of the …
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