BUSINESS NEWS

by Rungano Dzikira

Zimbabwe Dairy Industry Trust (ZDIT) is set to import sexed semen which guarantee female calves at birth in an effort to boost the national head as well as milk production in the shortest possible time.

Chinese businesses are preparing to open shop in Zimbabwe which could boost the country’s desperate need for foreign investment.

by Rudo Saungweme

President Emmerson Mnangagwa will officially commission a US$ 63 million Platinum Smelter and Crush Plant at Unki mine in Shurugwi on 12 December, 2018 this week. The development comes at a time Government is making strides towards domestic platinum value addition so as to ensure increased economic earnings from the country`s vast mineral resources.

by Zivanai Dhewa

People from all walks of life have hailed the Government for the release of a list of duty free and dutiable goods ahead of the festive season.

By Derick Tsimba

Most banking institutions have increased weekly maximum withdrawal following a reduction on the use of bond notes by the parallel market dealers.

By Rudo Saungweme

Several ground breaking ceremonies for economic development projects have been lined up to be officiated by President Emmerson Mnangagwa as the new dispensation continues regenerate the economy that has been in intensive care unit for a while.

Zimbabwe on Thursday revised downwards its growth forecast for 2018 to 4 percent from 6.3 percent previously projected due to economic headwinds in the second quarter of the year.

By Rudo Saungweme

The 2019 Budget presented yesterday by Minister of Finance and Economic Development Professor Mthuli Ncube has received accolades from citizens across the political and economic divide.

By Tawanda Musariri

Members of the public have welcomed, with a great sigh of relief and joy, the stoppage of the assumption of debt by a vehicle set up by Government to assume unpaid debts that threatened the viability of noteworthy lenders.

By Bernard Mutambudzi.

Government has set timeframes for the partial privatization of some of the State-owned enterprises (SOEs) which would enable them to fully contribute towards economic development. The timeframes range from 12 to 24 months.

By Tawanda Musariri

Employment in the mining sector is rising amid improving performance of major minerals. This is despite economic bottlenecks spurred by foreign currency challenges in the macro economy.

Zimbabwean gold mines have been allowed to retain 55 per cent of their earnings in dollars, from 30 per cent previously.