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Man axes sekuru to death and buries corpse in shallow grave after he advised him to advance his education
Business News
The latest Zimbabwe news, from NewsDay, Herald, Chronicle and more. 154 stories
Minister says maize producer price too highZimbabwe’s maize producer price of $390 per tonne is too high and makes agriculture based commodities uncompetitive for export, Agriculture, Mechanisation and Irrigation Development deputy Minister re...TheSourceBusiness21 September 2017- Retrenchment row rocks NestléFORTY-FIVE Nestlé retrenchees have lodged an application at the Retrenchment Board challenging their departure, claiming that the accepted terms between them and the company were signed under duress.....NewsDayBusiness20 September 2017
Kwesé TV continues selling inspite of BAZ appealKwesé TV recently became available to Zimbabweans after many hurdles. First, the licence they were using was owned by Dr Dish as the two had partnered to bring the service, however, the Broadcasting A...TechZimBusiness15 September 2017
Foreign payments backlog nears $600m, says RBZZIMBABWE’S international payments backlog has surged by over 200 percent to $570 million, from $186 million in May, central bank governor John Mangudya has said, as the country’s foreign exchange shor...FingazBusiness15 September 2017
Zim, Zambia integrate Uni-Visa into internal systemsZIMBABWE and Zambia are working on integrating the Kavango-Zambezi Transfrontier Conservation Area (Kaza) Uni-Visa into their internal systems to increase efficiency. This comes at a time when an esti...ChronicleBusiness13 September 2017
Foreign suppliers turn screws on Zim companiesFOREIGN suppliers are reportedly cancelling credit terms with local firms, demanding cash up front before making any deliveries, as the forex crisis in the country continues unabated, industry officia...NewsDayBusiness9 September 2017
High Court okays Kwese TVECONET Media Limited (Mauritius) yesterday got the green light to distribute its Kwese TV satellite content to Zimbabwean viewers pending finalisation of a licence dispute pitting Dr Dish (Pvt) Ltd an...HeraldBusiness9 September 2017
Zimbabwe earns $3,2 billion forex in 8 monthsZimbabwe’s foreign currency receipts rose 6,6 percent to $3,2 billion in the eight months to August from $3 billion in the comparable period last year, buoyed by mineral earnings, according to central...TheSourceBusiness7 September 2017
Millers sue Govt over mandatory fortificationTHE Grain Millers Association of Zimbabwe (GMAZ) has filed an application at the High Court seeking to block Government from implementing mandatory food fortification. In the case filed yesterday by G...HeraldBusiness6 September 2017
ZIMRA surpasses revenue targetThe Zimbabwe Revenue Authority (Zimra) says it surpassed its August revenue collection target by 15 percent assisted mainly by automation initiatives and an anti-corruption drive. In an update, Zimra....HeraldBusiness6 September 2017
Women dominate leadership excellence awardsWOMEN dominated the Zimbabwe Institute of Management 2017 Leadership Excellence awards that were presented in Harare on Friday. The awards are given out annually as a way of recognising, developing an...ChronicleBusiness5 September 2017
ZINARA directors walk freeSENIOR Zimbabwe National Roads Administration (Zinara) executives arrested in June for alleged fraud and criminal abuse of office could walk free after Transport Minister Jorum Gumbo pressured the par...FingazBusiness1 September 2017
Company director in court for swindling Zesa $622 000Clovgate Elevators director, Collin Mapepa Jeche, yesterday appeared at the Harare Magistrates’ Court facing allegations of swindling Zesa Holdings of $622 044 in a botched elevator service deal. Jech...NewsDayBusiness31 August 2017
Zim-Singapore sign Special Economic Zones MOUZimbabwe and Singapore economic ties are expected to strengthen after the signing of a memorandum of understanding (MOU) on special economic zones. Singapore Co-Operation Enterprise Director for Afric...OnlineBusiness23 August 2017
Buyanga heads Mandela family businessControversial businessman Frank Buyanga has been appointed as chief executive of House of Mandela African Royal Mint (HoM-ARM) – a medallion and related products manufacturing company founded by the l...DailyNewsBusiness23 August 2017
Millers besiege ministry over fortificationThe Grain Millers Association of Zimbabwe (GMAZ) is urging the Ministry of Health and Child Care to halt the mandatory fortification programme as foreign currency shortages will make it difficult to i...NewsDayBusiness22 August 2017
NetOne partners BancABC, First Mutual LifeNETONE has entered into a partnership with BancEasy and First Mutual Life (FML) to roll out a facility to finance the buying of new smartphones and micro mobile insurance respectively as the country’s...NewsDayBusiness18 August 2017
OLD Mutual Zimbabwe posts 614 percent increase in profitOLD Mutual Zimbabwe posted a 614% increase in profit after tax to $89,4 million for the half year ended June 30, 2017 buoyed by a strong performance in equity investments. In the same period last year...NewsDayBusiness11 August 2017
Transnet wins $400m NRZ tenderGOVERNMENT has awarded the tender for the $400 million recapitalisation of the National Railways of Zimbabwe (NRZ) to South Africa’s Transnet, which is partnering a consortium of non-resident Zimbabwe...FingazBusiness10 August 2017
Banks' profits jump 48%Banks’ net profit for the half-year to June jumped 47,99% to US$100 million from US$67,97 million reported in the same period las year, the central bank said. In his monetary policy statement presente...OnlineBusiness4 August 2017
EcoCash reduces ATM MasterCard Debit card withdrawals to $50Econet Wireless Zimbabwe, mobile money service provider, EcoCash has reduced its international ATM withdrawal limits on its MasterCard Debit card to $50 a month, a tell-tale sign that the foreign curr...NewsDayBusiness4 August 2017
Econet ready to share infrastructureMOBILE phone operator Econet says it is ready to share infrastructure with other operators but only if all players contribute equally. Speaking at the four day Institute of Chartered Accountants of Zi...ChronicleBusiness24 July 2017
Metallon Gold in $31m externalisation stormZIMBABWE’s biggest gold producer, Metallon Gold is facing allegations of externalising over $30 million through dividends paid to shareholders without profits to back them and fictitious external loan...HeraldBusiness17 July 2017
Influx of secondhand clothes chokes textile industrySECONDHAND clothing continues to flood the Zimbabwean market, taking a significant share of the clothing market and leaving local manufacturers teetering on the brink of collapse, an industry official...NewsDayBusiness12 July 2017