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Zim generates US$684,4 million from gold exports

ZIMBABWE generated US$684,4 million from gold exports last year, with small-scale miners accounting for more than US$273 million, or 40 percent of total exports, as the country's output of the metal c...Read more

Zim generates US$684,4 million from gold exports

14 February 2016 | 323 Views
ZIMBABWE generated US$684,4 million from gold exports last year, with small-scale miners accounting for more than US$273 million, or 40 percent of total exports, as the country's output of the metal c...

by Africa Moyo

IMF snubs US, backs Zimbabwe

14 February 2016 | 676 Views
The IMF will not be influenced by American calls to tighten sanctions on Zimbabwe and will proceed with its re-engagement with Zimbabwe as planned, an official has said.About two weeks ago, US...

by Staff reporter

Govt assessing Zupco audit

13 February 2016 | 727 Views
Deputy Minister of Local, Government, Public Works and national Housing Peter Chingosho has said the government is currently assessing the 2013 audited accounts to establish the actual trends that aff...

by Stephen Jakes

Hwange Colliery secure Indian loan to import equipment

13 February 2016 | 947 Views
Hwange Colliery Company has recently secured a loan from India to import equipment as a recapitalization programme meant to boast production at the parastatal.This emerged during the parliamen...

by Stephen Jakes

Qatar, Etihad to fly into Victoria Falls

12 February 2016 | 1015 Views
Qatar and Etihad are among a number of global airlines lining up to start fights into Victoria Falls following the extensive upgrade of the Victoria Falls International Airport to modernise and in...

by Staff reporter

Ministry refuses to bail Zupco out of Zimra debt

12 February 2016 | 1567 Views
THE Zimbabwe United Passenger Company (Zupco) is seeking a government bailout to redeem 33 of its buses that were impounded by the Zimbabwe Revenue Authority (Zimra) over $1,6 million in unpaid import...

by Oliver Kazunga/Bianca Mlilo

The Association of Zimbabwe Offshore Financial Advisors

11 February 2016 | 707 Views
HARARE - Mr Andrew Mhere of Termstrides Investments t/a Carrick Wealth has announced the establishment of the Association of Zimbabwe Offshore Financial Advisors (AZOFA) as at 9th February 2016. ...

by Agencies

Barclays fined $2.5 million for violating US economic sanctions on Zimbabwe

10 February 2016 | 3083 Views
BARCLAYS Bank agreed to pay nearly $2.5 million to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) in order to settle claims related to the violation of U.S. sancti...

by Staff reporter

Zimbabwe seeks $1.1 billion to clear World Bank arrears

10 February 2016 | 864 Views
Government will secure a medium to long-term loan to clear its $1,1 billion arrears to the World Bank Group in the second phase of an arrears clearance programme with preferred creditors as it see...

by Staff reporter

Emirates celebrates 10 years of successful operations in Thiruvananthapuram

10 February 2016 | 499 Views
HARARE - Emirates, which flies daily  from Harare to Lusaka and Dubai, has marked ten years of operations in Thiruvananthapuram, the capital city of Kerala.Over the last decade, Thiruvana...

by Business Reporter

Emirates offers discounted fares to Zimbabwean travellers

09 February 2016 | 2494 Views
Dubai based Emirates airline says it will be offering travellers from Zimbabwe discounted fares to various destinations across the world at it seeks to boost passenger volumes from the country. ...

by Staff reporter

Govt struggling to make Air Zimbabwe visible

08 February 2016 | 1685 Views
Revelations have emerged that the government of Zimbabwe is currently struggling to restore the visibility of the Air Zimbabwe to be competitive to other incoming independent airliners.This em...

by Stephen Jakes

Mutare to get oil refinary

07 February 2016 | 3839 Views
A LOCAL consortium, Willowton Group, which recently acquired the liquidated Karina Textiles in Mutare has targeted setting up a state-of-the-art oil refinery and soap manufacturing plant by year end....

by Ngoni Dapira

flyafrica back in Zimbabwean skies

07 February 2016 | 2932 Views
BUDGET airline, flyafrica will resume its regional operations between Harare and Johannesburg this week after meeting all the Civil Aviation Authority of Zimbabwe's regulations amid revelations that t...

by Roberta Katunga

Account holders with closed banks to be paid by April

07 February 2016 | 2315 Views
THE Deposit Protection Corporation (DPC) and the Reserve Bank of Zimbabwe (RBZ) have finished compiling the list of Zimbabwe dollar account holders whose money was locked in banks that were closed aft...

by Roberta Katunga

A messy affair

07 February 2016 | 2117 Views
CFI HOLDINGS, which was suspended from the Zimbabwe Stock Exchange on January 29, 2016, continues to flirt with controversy following revelations by its second-largest shareholder, Mr Nicholas van Hoo...

by Enacy Mapakame

Super diamond firm to benefit Zimbabwe

07 February 2016 | 1212 Views
Amalgamating diamond mining companies in Chiadzwa will benefit thousands of villagers in the district, Mutare West National Assembly representative Dr Christopher Mushohwe said on Friday.Gover...

by Ray Bande

Women Alliance of Business Association in Zimbabwe petition parliament

06 February 2016 | 787 Views
The Women Alliance of Business Association in Zimbabwe has petitioned parliament of Zimbabwe seeking it to review the country's mining legal frame work and assess level of under representation of wom...

by Stephen Jakes

Planning a budget calendar for your personal finances

05 February 2016 | 1151 Views
The first few months of any year are always the most important when it comes to ironing out your finances. For some countries around the world their fiscal years are drawing to a close; for others, we...

by Staff Reporter

RBZ Monetary Policy Statement - Fulltext

04 February 2016 | 3561 Views
The Reserve Bank of Zimbabwe governor Dr John Mangudya today delivered the much anticipated January 2016 Monetary Policy Statement (MPS) themed, "Economic transformation through Transparency and Accou...

by Dr John Mangudya

Emirates launches Zimbabwe companion special

04 February 2016 | 3692 Views
HARARE - Emirates makes travelling for Zimbabwean fliers all the more interesting and fun with the launch of its Companion Fare to destinations within its network.The special fares are aimed a...

by Business Reporter

Massive food price hike looms

04 February 2016 | 5250 Views
Government has introduced Value Added Tax (VAT) on nearly 40 imported basic food commodities that constitute the bulk of the consumer bread basket. These commodities have previously been e...

by Staff reporter

'World Bank officials are smoking something,' says Chinamasa

03 February 2016 | 3420 Views
The World Bank says Zimbabwe's economy will not slip into recession but will maintain an economic growth rate of 1.5% in 2016 anchored largely by growth of the services sector, a projection howeve...

by Staff reporter

Zimra misses revenue collections target

03 February 2016 | 1798 Views
The Zimbabwe Revenue Authority (Zimra) revenue collections for the just-ended year dropped to US$3,5 billion against a target of US$3,72 billion.A Zimra 2015 revenue performance report shows t...

by Staff reporter

RBZ Boss to present Monitory Policy Statement tomorrow

03 February 2016 | 1582 Views
THE Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya will tomorrow present the 2016 Monetary Policy Statement (MPS). The policy statement comes at a time when the country is grappli...

by Staff reporter

Zimbabwe likely to witness improved economic growth rates, says the World Bank

03 February 2016 | 1471 Views
Zimbabwe is likely to witness improved economic growth rates in the short to medium term, the World Bank has said.In a report titled, Zimbabwe Economic Update, the first of its nature, the Wor...

by Staff reporter

Beitbridge Express Hotel shuts down

03 February 2016 | 6023 Views
The $32 million Beitbridge Express Hotel with 140-rooms has shut down. The hotel closed shop on January 31 after suffering heavy losses amounting to $507 944 in the past two years....

by Thobekile Zhou

StanChart Zimbabwe exporting jobs to Kenya, India?

03 February 2016 | 1300 Views
The Zimbabwe Banks and Allied Workers’ Union (ZIBAWU) has accused Standard Chartered Zimbabwe of exporting jobs to its Kenyan and Indian counterparts by migrating a number of processes and servi...

by Staff reporter

CIOs to open Bulawayo Chicken Inn drive-through outlet

02 February 2016 | 6502 Views
Bulawayo first ever Chicken Inn drive-through facility opening has again been postponed as officials are keen on having someone from the Office of the President to officially open it.This coul...

by Staff Reporter

Fastjet launches Harare, Jo'burg flight

02 February 2016 | 1307 Views
Low cost airline, Fastjet yesterday launched its inaugural flight between Harare and Johannesburg. Fastjet, which is using a 144-seater Airbus A319, had about 55 passengers when it flew out to Joh...

by Staff reporter

Standard Chartered Bank, managers lock horns over job losses

02 February 2016 | 2143 Views
At least 21 middle managers with Standard Chartered Bank of Zimbabwe have filed a High Court application seeking to bar their employer from retrenching them. The managers, who have since been ...

by Daniel Nemukuyu

Former NRZ workers to stage daily demos from tomorrow

31 January 2016 | 1998 Views
1. Ladies and gents whilst we stand guided by your opinions and ideas from members, indeed we need to shake and expose this corrupt management.2. With this in mind we need to do a massive and ...

by Thobekile Zhou

Govt gives Hwange Colliery bosses an ultimatum

31 January 2016 | 1961 Views
The government has given Hwange Colliery Company management three months to turn around the fortunes of the firm, failure of which they will be forced to resign.The Minister of Mines and Minin...

by Staff Reporter

Mugabe's dairy hits hard times

29 January 2016 | 7442 Views
President Robert Mugabe's dairy business, Alpha Omega Dairy is reportedly facing viability challenges amid revelations that the company is struggling to supply its products to various retail outle...

by Staff reporter

Musewe dumps Tsvangirai for Biti but still against reforms - honey bird with the twitchy tail

29 January 2016 | 3676 Views
Comrade Vince Musewe has jumped ship; he has left the Tsvangirai and Mujuru led coalition project he had tried hard to promote, he has now joined People Democratic Party, led by Tendai Biti."W...

by Wilbert Mukori

Sacked GMB workers baffled by Made's silence - plead to President

29 January 2016 | 1760 Views
HARARE - Grain Marketing Board (GMB) workers who were sacked by the parastatal late last year, without receiving any terminal benefits and their outstanding salaries, have lambasted the Minister of Ag...

by Tendai Ruben Mbofana

Bulawayo Market Fair begins

29 January 2016 | 1507 Views
THE Bulawayo Market Fair starts today with rural and urban entrepreneurs expected to exhibit and sell their locally-made products.The three-day event organised by Empretec Zimbabwe and its var...

by Brighton Gumbo

High court stops Tongaat strike

28 January 2016 | 1706 Views
An attempt by Zimbabwe Sugar Milling Workers Union (ZISMIWU) members to embark on a fresh job action last week hit a brick wall after Tongaat Hullet won an interdict at the High Court against the indu...

by Stephen Jakes

IMF warns Zimbabwe

28 January 2016 | 4744 Views
The International Monetary Fund (IMF) has warned Zimbabwe to start implementing its plan to resolve the country's external debt arrears or risk losing momentum in its bid to re-engage international fi...

by Staff reporter

Zimra to realise $40m from tax amnesty

27 January 2016 | 1129 Views
The Zimbabwe Revenue Authority (Zimra) Commissioner-General Gershem Pasi says the taxman assessed about $40 million tax claims during its tax amnesty last year.Speaking on the side-lines of th...

by Staff reporter

17 NZR top brass share $70 000 in allowances, school fees

27 January 2016 | 3418 Views
SEVENTEEN top  National Railways of Zimbabwe (NRZ) parcelled out $69 777 among themselves as part of their school fees benefits.The non-recurring earnings document Type 26 from NRZ dated ...

by Thobekile Zhou

Postal, courier revenues decline

27 January 2016 | 1022 Views
Revenues generated by local postal and courier companies have continued to decline steadily during the past five years as the advent of new technologies hits on the demand for their services, Portraz ...

by Staff reporter

MBCA Bank to open more branches

27 January 2016 | 1443 Views
MBCA Bank is planning to open more branches this year as the banking institution continues to take a long-term strategic view to grow its footprint in the country in preparation for an improvement in ...

by Business Reporter

Econet starts network upgrade exercise

26 January 2016 | 2333 Views
Listed telecoms firm Econet Wireless Zimbabwe has started upgrading its network in some parts of the country to enhance quality of service.According to Econet, the upgrade, which started Monda...

by Staff reporter

Zim dollarized economy still an attractive export market

25 January 2016 | 2231 Views
The temporary protection measures, which government has put in place to hedge some sectors of the manufacturing industry from international competition have had a positive impact on boosting local...

by Staff reporter

Air Zimbabwe refurbishment stalls

24 January 2016 | 1859 Views
NATIONAL airline Air Zimbabwe is struggling to raise $1,6 million needed by South African Airways for the refurbishment of one of the two A320 airbuses which were set to increase the company's capacit...

by Dumisani Nsingo

Zimbabwe govt demands refund for Hwange equipment purchased from India

24 January 2016 | 2105 Views
GOVERNMENT is incensed by the downtime resulting from the frequent breakdowns of the new equipment at Hwange Colliery Company Limited and is now actively seeking either financial compensation or the r...

by Staff reporter

Pickstone Peerless targets 500kg of gold

24 January 2016 | 1155 Views
CHEGUTU-based Pickstone Peerless gold mine plans to produce over 500 kilogrammes of gold this year, spurred by a $17 million capital investment made in recent years.The mine is projected to pr...

by Africa Moyo

Emirates launches fare sale ahead of introduction of Boeing 777 aircraft on Harare route

22 January 2016 | 4440 Views
HARARE, ZIMBABWE January 22, 2016 - Emirates is inspiring more Zimbabweans to travel in 2016 with the launch of special fares to celebrate the introduction of the Boeing 777-300ER aircraft on its Hara...

by Staff Reporter

Zimbabwe govt clarifies on use of Chinese Yuan

22 January 2016 | 8749 Views
The Reserve Bank of Zimbabwe has set the record straight on the use of the Chinese Yuan saying it is only part of the trading currencies while the United States dollar will remain the country's settle...

by Staff Reporter

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