Business News

Cartoon 1 October 2021

Hotels throwing in the towel on daily cleaning

When guests arrive at the Kennebunkport Captains Collection, a quartet of historical mansions in Maine, US, the front ...

Local dollar depreciates further

The Zimbabwe dollar depreciated 0,84 percent against the US dollar as indicated by the results of the Reserve Bank of ...

Rand bleeds amid concerns that China woes will hit SA

The rand is taking a bigger hit than most of its emerging-market peers as an energy crisis and Chinese growth concerns ...

Blanket Mine headway receives govt praise

Gwanda based Blanket Mine has received accolades from Government for the headway it made towards increasing production ...

Russian fertiliser and chemicals producer sets base in Zimbabwe

Russian chemicals and fertiliser firm, United Fertiliser Company Limited (UFCL), has opened a branch in Zimbabwe.

RBZ shames forex manipulators

The decision by the Reserve Bank of Zimbabwe (RBZ) to instruct banks, mobile money operators and other financial service ...

National Building Society (NBS) brings relief to SMEs

Small businesses that have been facing nightmares in mobilising for capital are likely to have a huge relief after the ...

Zambia’s Chinese debt nearly twice official estimate, study finds

Zambia’s debt to Chinese public and private lenders is US$6.6 billion, almost double the amount disclosed by the ...

Zimasco plans to more than double chrome processing capacity – if ...

Zimasco, one of the country’s biggest chrome smelters, plans to more than double annual smelting capacity to 400,000 ...

ZSE hits trillion-dollar mark

The Zimbabwe Stock Exchange (ZSE) market capitalisation, hits the trillion-dollar mark on Tuesday as investors sought ...

Treasury moves to close gap between official and black market rates

Business Writer Treasury is taking steps to address the widening gap between official exchange rate of US$1: $86 ...

Bank charges too high, choking businesses and individuals, Chanakira

Bank service charges are still too high and make formal banking system expensive, according to investment banker and ...

Major hotel groups record improved occupancies

Local hotels’ occupancy levels are beginning to show signs of recovery after a drastic fall in 2020 as a result of ...

Bulawayo, an awakening manufacturing giant

Business Writer There is no doubt Bulawayo is the country’s industrial hub with a major railway line and road cutting ...

Zimbabwe had a bumper harvest: what went right and what needs work

Zimbabwe has reported a bumper harvest of maize and other grains, capable of feeding the country’s 14.65 million people ...

Resilience earns private sector kudos

Zimbabwe’s private sector has received plaudits for demonstrating unfettered resilience in the face of the ravaging ...

Zim takes FDI case to Dubai

The Zimbabwe Investment Development Agency (ZIDA) has compiled a list of priority investment areas from across line ...

How good has China been to Zim, Africa?

Billions of US dollar investments from China have flown into needy or critical areas of many African countries, Zimbabwe ...

AFDB pledges to help build economic resilience in Zim

THE African Development Bank (Afdb) has committed about US$10,5 million for three new projects in Zimbabwe for the next ...