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Tobacco Sales Floor volumes rise 143%
ZIMBABWE'S biggest tobacco auction firm, Tobacco Sales Floor (TSF), says volumes rose by 143% during the third quarter ended July 31, 2021, in line with higher national output reported during the peri...Published: 23 Sep 2021 at 06:24hrs | 127 | by Staff reporter
Misa happy with issuing of community radio station licences
MISA Zimbabwe welcomes the licensing of eight more community radio stations as this will enhance access to information and exchange of ideas on issues that affect marginalised communities for the gove...Published: 21 Sep 2021 at 06:16hrs | 113 | by Misa Zimbabwe
Why are Zimbabwean companies failing to pay taxes?
A ZIMBABWE Revenue Authority (Zimra) annual report for 2020 released last week confirmed the heavy burden that the country's industries are battling to contain — outstanding taxes are mounting, and ...Published: 20 Sep 2021 at 07:13hrs | 736 | by Staff reporter
Bulawayo in push to revive dead industry
A visit to the Belmont industrial area, once alive with the roar of machinery, reveals the story of decay.Bulawayo's vast industrial areas are now abandoned, resulting in crippling unemploymen...Published: 19 Sep 2021 at 08:36hrs | 229 | by Staff reporter
Mnangagwa govt's fake mega-deals raised false hopes
IN the run-up to the 30 July 2018 elections, President Emmerson Mnangagwa repeatedly claimed that Zimbabwe had attracted investment commitments amounting to over US$16 billion since he took over power...Published: 18 Sep 2021 at 19:38hrs | 1019 | by Staff reporter
Misa Zim hails licencing of community radios
THE Media Institute of Southern Africa (Misa) Zimbabwe yesterday said the licensing of eight more community radio stations will enhance access to information and exchange of ideas on issues that affec...Published: 17 Sep 2021 at 20:19hrs | 111 | by Staff reporter
Power outages new blow to recovery
LOCAL businesses, still reeling from the devastating effects of Covid-19 lockdowns, have suffered yet another blow following a load shedding schedule by the Zimbabwe Electricity Transmission and Distr...Published: 17 Sep 2021 at 06:17hrs | 136 | by Staff reporter
Mnangagwa turns 79
PRESIDENT Emmerson Mnangagwa today celebrates his 79th birthday with the dream of a better and greater Zimbabwe still his main mission. Since his inauguration in November 2017, Mnangagwa has remained ...Published: 15 Sep 2021 at 06:19hrs | 3080 | by Staff reporter
Zimbabwe ranked among high-risk money laundering countries
RELEASED on September 13, 2021, the 10th Basel anti-money laundering index showed Zimbabwe scored 6,78 out of 10 (where 10 indicates the highest risk level) and has landed in the top 12 of the unenvia...Published: 15 Sep 2021 at 05:49hrs | 454 | by Prosper S Maguchu
Bloodbath in banking sector
ZIMBABWE'S banks, under siege from prolonged market turbulences and the Covid-19 scourge, fired almost 300 workers during the seven months to July, continuing a carnage sparked by the worldwide migrat...Published: 12 Sep 2021 at 08:55hrs | 791 | by Staff reporter
FCB forex indexed loans rise
FIRST Capital Bank (FCB) says it grew foreign currency indexed loans to US$18,7 million during the half year ended June 30, 2021, as United States dollarbased deposits increased during the period....Published: 12 Sep 2021 at 08:55hrs | 174 | by Staff reporter
Zimsec reopens exam registration
Students who might have failed to meet the deadline to register for the 2021 examinations can now do so under a special arrangement by the Zimbabwe Schools Examination Council (Zimsec).The ext...Published: 12 Sep 2021 at 08:43hrs | 133 | by Staff writer
Online Gambling Vs. eSports: Key Differences
Technology affects everything, how we spend leisure time. The internet unlocked new entertainment opportunities. That includes esports and online gambling. But before you choose an activity, you shoul...Published: 12 Sep 2021 at 08:41hrs | 47 | by Staff writer
Chadzamira drags Chiwenga in the mud
Chickens have come home to roost for ZANU PF Masvingo Provincial Chairperson, Ezra Ruvai Chadzamira as he drags Vice President Constantine Chiwenga into t...Published: 12 Sep 2021 at 00:36hrs | 9051 | by Paul Ndou
The era of strongman politics over in Africa
THE era of damaging personality-driven politics in Africa, including Zimbabwe, may soon be coming to an end due to democratic reforms by the African Union and changing political dynamics fuelled by a ...Published: 10 Sep 2021 at 18:49hrs | 287 | by Staff reporter
Foreign investors line up new bank in Zimbabwe
A group of domestic and foreign investors has lodged an application with Zimbabwean authorities to roll out an investment bank, the first such institution since investment banks were toppled under the...Published: 10 Sep 2021 at 07:35hrs | 2979 | by Staff reporter
Zupco NRZ collabo is another Command transport that will further cripple the already ailing Rail Transport
The Government of Zimbabwe through its Ministries responsible of transport has made another shocker after it announced that commuter trains will start operating to easy congestion during peak hours....Published: 09 Sep 2021 at 16:52hrs | 594 | by Fanuel Chinowaita
Zanu-PF has run short of ideas
ZUPCO and the National Railways of Zimbabwe (NRZ) collaboration is another command transport system that will further cripple the already ailing public transport system.Transport, Communicatio...Published: 09 Sep 2021 at 16:22hrs | 796 | by Fanuel Chinowaita
Cassava revenue up 70%
CASSAVA Smartech Limited's revenue for the quarter ended August 31, 2021 increased by over 70% compared to the same period the previous year driven by growth in transaction activity.In a tradi...Published: 08 Sep 2021 at 06:11hrs | 130 | by Staff reporter
BAT records 27% jump in sales volumes
BRITISH American Tobacco (BAT) says increased investment-related strategies led to a 27% rise in sales volumes compared to the same period last year despite the challenging operating environment exace...Published: 08 Sep 2021 at 06:10hrs | 53 | by Staff reporter
New offer letters for farmers
Old offer letters for resettlement land and land permits are being replaced with new documents that have improved security features to curb illegal parcelling out of land and weed out fake offer lette...Published: 08 Sep 2021 at 06:07hrs | 1402 | by Staff reporter
Mnangagwa says Mugabe was 'principled’
Former president Robert Mugabe distinguished himself as a principled man who did not deviate from what he believed to be right, President Mnangagwa said yesterday. The President said this in a...Published: 07 Sep 2021 at 06:10hrs | 1099 | by Staff reporter
Bitcoin pyramid scheme collapses
INNOCENT Matongo, a Zimbabwean expatriate worker based in Boksburg, South Africa is ruing the day he decided to latch on to a get-rich-quick scheme.After investing thousands of United States d...Published: 05 Sep 2021 at 06:52hrs | 495 | by Emmanuel Kafe
Are Tray Packers A Necessity For Industries In 2021?
A key piece of American history since the later part of the 1800s has been robotic case packing. Although it was at first only used to pack a considerable quantity of food, it's since then been renova...Published: 04 Sep 2021 at 20:12hrs | 218 | by Staff writer
Zimbabwe: A farmer harvests success in refugee camp
ABIDJAN, Ivory Coast - When Jean Damacene arrived at the Tongogara Refugee Camp in Zimbabwe, he was 38 years old and hoping to return to his country Rwanda soon. Eighteen years later, the maize farmer...Published: 03 Sep 2021 at 14:14hrs | 1495 | by APO
Zimbabweans lose US$5m in Ponzi scheme
ZIMBABWEANS who invested more than US$5 million in a pyramid scheme in a bid to get rich quickly have been left counting their losses after the owner of the scheme failed to give them back their inves...Published: 03 Sep 2021 at 06:49hrs | 1204 | by Staff reporter
Matabeleland youth to launch Bukalanga Foundation
Diaspora based Matabeleland Youth is said to launch Bukalanga Foundation, a non-profit organization that will help vulnerable people around the country....Published: 02 Sep 2021 at 13:15hrs | 773 | by Stephen Jakes
Beer shortages hit Bulawayo, surrounding areas
SOLE clear beer manufacturer, Delta Corporation Limited is now coercing its customers to buy unpopular beer brands as clear beer shortages have hit the southern region.A survey carried by New ...Published: 02 Sep 2021 at 12:01hrs | 885 | by Staff reporter
Import Substitution: A case for soya beans
For the past 10 years, Zimbabwe has produced an average of 56 000 metric tonnes (mt) of soya beans per year against national demand of 240 000 mt for food, animal feed and industrial consumption. In t...Published: 01 Sep 2021 at 15:26hrs | 401 | by Victor Bhoroma
Avoid starting uncontrolled veld fires
Scampering for safety, various creep-crawlies and fauna can sense looming danger before we do. Turning around to scan the sprawling meadows and fields, smoke was billowing in the distance with ferocio...Published: 29 Aug 2021 at 07:09hrs | 38 | by Tondo Chinehasha
Firm records business breakthrough in Southern Africa
EZulu Foods has made inroads local and to parts of Southern Africa according to officials.The company produces, processes and retails natural and medicinal food, and officially started operati...Published: 29 Aug 2021 at 06:59hrs | 419 | by Stephen Jakes
Sangomas are also looking for money
A trio of male adults left Zimbabwe for Mozambique in search of a Sangoma to give them a get-rich-quick voodoo panacea. A yesternight borne fire discussion had assured them in Nampula province...Published: 27 Aug 2021 at 09:07hrs | 2043 | by Thomas Tondo Murisa
Govt closes in on 'unscrupulous' fuel dealers
GOVERNMENT has threatened stern measures, including cancelling operating licences for fuel companies importing fuel with cash sourced from the foreign currency auction system, but selling the commodit...Published: 27 Aug 2021 at 06:44hrs | 1083 | by Staff reporter
Zamco clears US$14,3m in bad debts
OVER 70% of the total loans taken over by the Zimbabwe Asset Management Company (Zamco) have been fully expunged, with the vehicle now seized with processes to wind up its operations ahead of its suns...Published: 27 Aug 2021 at 06:38hrs | 196 | by Staff reporter
Chinese miners in black granite frenzy
A CHINESE mining company, Heijin, is pushing to evict hundreds of villagers in Murehwa, Mashonaland East province, after it was given a special mining grant to extract black granite on densely populat...Published: 27 Aug 2021 at 06:34hrs | 874 | by Staff reporter
'Demand for local currency working capital swelling'
STANBIC Bank Zimbabwe says its operations have remained resilient to macro-economic challenges bedevilling the country having posted an inflation adjusted profit after tax of ZW$1,2 billion for the ha...Published: 27 Aug 2021 at 06:32hrs | 472 | by Staff reporter
South African Airways to resume Zimbabwe
SOUTH African Airways (SAA) has announced plans to resume flights into the region, including Zimbabwe, starting next month. According to the carrier, the first flights will commence on Thursda...Published: 26 Aug 2021 at 17:57hrs | 605 | by Staff Reporter
Stanbic maintains steady performance in first half
Stanbic Bank has transcended the macroeconomic challenges bedeviling the country to post an inflation adjusted profit after tax of ZWL 1.2 billion for the half year to June 2021.The Standard B...Published: 26 Aug 2021 at 08:26hrs | 363 | by Staff reporter
Zimbabwe telcos facing resistance to more tariff increases
ZIMBABWE'S telecommunications firms desperately want to increase tariffs to counter rising costs stemming from the huge gulf between the official exchange rate and the one prevailing on the parallel m...Published: 24 Aug 2021 at 06:34hrs | 1063 | by Staff reporter
Zimbabwe receives US$1bn IMF windfall today, Biti will cry
Zimbabwe is set to get an injection of around US$1 billion, its allocation of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF) today, with part of the money earmarked for healt...Published: 24 Aug 2021 at 06:30hrs | 2715 | by Staff reporter
Zimbabwe tobacco surpasses expectations, but farmers need better deal
ZIMBABWE has this year enjoyed one of its most productive tobacco seasons, but poor payment models for the farmers caused by the currency volatility left many farmers at the mercy of contract buyers....Published: 23 Aug 2021 at 06:52hrs | 235 | by Staff reporter
ZMX to enhance farm profitability
FINANCE minister Mthuli Ncube says the Zimbabwe Mercantile Exchange (ZMX), a commodity ex-change platform that was launched last week, will increase efficiency in farm produce marketing, enhance profi...Published: 22 Aug 2021 at 08:02hrs | 122 | by Staff reporter
UK warns citizens against doing business in Zimbabwe
THE United Kingdom (UK) has warned its citizens against doing business in Zimbabwe as the southern African country ranks among high-risk countries to set up enterprises due to prohibitive and volatile...Published: 18 Aug 2021 at 15:43hrs | 6471 | by Staff reporter
Chamisa says poverty tears opposition parties
MDC Alliance president Nelson Chamisa has blamed defections from his party by MPs and councillors to poverty.Some MDC Alliance members have defected to either the MDC-T led by Douglas Mwonzora...Published: 18 Aug 2021 at 06:56hrs | 1356 | by Staff reporter
Ex-coloniser UK flags Zimbabwe as risky
THE United Kingdom (UK) has designated Zimbabwe as a risky investment destination owing to high-level corruption, warning its citizens against doing business in the southern African country.In...Published: 18 Aug 2021 at 06:54hrs | 1419 | by Staff reporter
Nkayi Community Parliament: The model for peace in Matabeleland
The recently established, Nkayi Community Parliament, which fosters community involvement, participation and the development of Nkayi District, is a haven of ideas, peace, mutual respect and political...Published: 16 Aug 2021 at 09:24hrs | 787 | by Nhlanhla Moses
Is internet restrictions holding economic growth in Africa?
Internet shutdowns have affected Africans drastically. From tiny tasks like paying bills to bigger implications like hampering economic growth, internet restrictions in Africa have affected all Africa...Published: 15 Aug 2021 at 09:24hrs | 157 | by Staff Writer
When Magufuli spoke from the grave
There once lived a woman in Masvingo who was called Shuvai Ben Mahofa.Known for her unapologetic straight-talk and indefatigable industry, she had long morphed into an Iron Lady before activism on...Published: 15 Aug 2021 at 08:30hrs | 755 | by Bishop L
Tough targets for NetOne
EXECUTIVES at the State-run mobile telecoms network, NetOne, came under pressure to perform last week, with the government setting tough growth targets to be achieved by the end of 2021.Inform...Published: 13 Aug 2021 at 06:46hrs | 319 | by Staff reporter
Why become a chartered accountant
IF you are thinking about a career in business, accountancy or finance, then becoming a chartered accountant (CA) can take you there: find out why it could be one of the best choices you ever make....Published: 13 Aug 2021 at 06:45hrs | 324 | by Staff reporter
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