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2 years ago | July 15, 2022

Manufacturers demand USD payments for 22 key products

Golden Sibanda MAJOR manufacturers and suppliers of key and popular brands in Zimbabwe are now demanding payment ...

Is there still scope to revive Zisco?

Oliver Kazunga Business Writer WITH over a decade in comatose, debate has emerged on whether Zimbabwe’s largest ...

Short term infrastructure funding an economic Achilles heel

Tapiwanashe Mangwiro It is widely agreed in every corner of this country that there is need to repair and construct new ...

2 years ago | July 8, 2022

Zim to pay off blocked funds over 10 years

Business Writer Zimbabwe will settle over 10 years its US$3 billion blocked funds debt owed to foreign firms that ...

‘Weed out corruption in public tenders’

Michael Tome The Government should institute measures to curtail corruption in the country’s public procurement system, ...

Zim fails to restructure debt as arrears balloon

Business Writer Zimbabwe is battling to restructure a US$1,5 billion worth of Debt Outstanding and Disbursed (DOD) ...

Trade deficit at a 17-month high

Business Writer Zimbabwe reported a decline in exports and an upsurge in imports for the month of May 2022 resulting in ...

RBZ within quarterly reserve money growth target

Tapiwanashe Mangwiro The Reserve Bank of Zimbabwe (RBZ) in its quarterly economic review says reserve money growth in ...

2 years ago | July 1, 2022

Govt probes shady mine deals

Business Writer Zimbabwe is revisiting all mining contracts signed in the last 20 years to interrogate potential risks ...

Zim misses out on US$2,3bn World Bank facility

Business Writer Zimbabwe is set to miss out on a US$2,3 billion World Bank facility because of its failure to service ...

As inflation spirals, who is feeling most pain

Kudzanai Sharara Hyperinflation is back into the conversation among Zimbabwean consumers like it never left. Broadly ...

Gold coins, the social contract dilemma

Tapiwanashe Mangwiro Gold has always been an integral part of humans monetary system and a measure of how much one is ...

First Capital Bank in controversial hotel lease

Business Writer The collapse of the negotiations between African Sun Ltd (ASL) and Makasa Sun Ltd for the lease of the ...

2 years ago | June 24, 2022

Supplementary Budget inevitable

Business Writer It is now inevitable for Finance and Economic Development Minister Mthuli Ncube to come up with a ...

Mthuli seeks pardon for ‘illegal’ spending

Business Writer Finance and Economic Development Minister Mthuli Ncube is expected to appear before legislators soon ...

‘ Huayou must produce battery grade lithium in five years’

Business Writer The acquisition of Prospect Lithium Zimbabwe by Huayou International Mining was only approved by the ...

Innscor fined US$9m, ordered to divest from Probrands

Business Writer The Competition and Tariff Commission (CTC) imposed a fine of US$9,1 million on Innscor Africa Limited ...

RBZ pledges to expunge auction backlog: BAZ

Tapiwanashe Mangwiro The Bankers Association of Zimbabwe (BAZ) says has received commitments from the apex bank that it ...

‘Govt projects enhance investor confidence,’

Business Writer BANCABC Zimbabwe chief executive officer, Dr Lance Mambondiyani, says the ongoing development projects ...

‘Bakers can’t guarantee bread price cuts’

Oliver Kazunga The percentage at which bakers will reduce the price of bread in line with the agreement between the ...