BUSINESS NEWS

Staff Reporter

… As Government meets Captains of Industry

The Government, Reserve Bank of Zimbabwe (RBZ) and Captains of Industry have agreed to curb the volatility in the parallel exchange rates, which are threatening to negatively affect the country’s economic growth.

Staff Writer

One of the country’s leading diamond miners, Rio Zim Murowa Diamonds (RMD) is set to increase its diamond processing capacity by 455 percent, in an effort to improve its capacity utilisation.

Staff Writer

Zimbabwe’s tourism sector is set to rebound at the back of relaxation of COVID-19 restrictions and opening up of international travel by most countries.

Staff Reporter

… As it declares war on illegal foreign currency trade

Government through the Reserve Bank of Zimbabwe (RBZ) and the Financial Intelligence Unit (FIU), has intensified efforts of identifying and prosecuting illegal foreign currency dealers that are fuelling economic instability.

Staff Reporter

His Excellency, the President and First Secretary of ZANU PF Cde E.D Mnangagwa has called for the prioritization of the manufacture of products using locally available natural endowments.

Mat North Correspondent

Matabeleland North Provincial Minister of State for Provincial Affairs and Devolution, Richard Moyo says the New Dispensation has crafted super policies that enable local companies to prosper even during difficult times such as the COVID-19 pandemic era.

Staff Reporter

… as six potential investors are shortlisted

Economic analysts have indicated that local investors are better placed to ensure growth at the national steel company, ZISCO Steel, through value addition unlike foreign investors who prefer exporting raw minerals.

Staff Reporter

Following a successful 2021 wheat cropping season, Zimbabwe is anticipating over 340 000 metric tonnes of wheat, against a national annual requirement of 360 000 metric tonnes, as it journeys towards Vision 2030, a senior Government official has said.

Agriculture Reporter

The revival of the country’s economy depends on the good performance of the agriculture sector, hence the need to finance and equip the sector, said President Mnangagwa at the official opening of the 111^th edition of this year’s Harare Agriculture Show in Harare yesterday.

Staff Reporter

The Zimbabwe Confederation of Public Sector Trade Union (ZCPSTU) has urged Government to facilitate easy access to the weekly withdrawal of US$50 by civil servants who barely have time to queue at the Bureau de Change due to the nature of their jobs.

Staff Reporter

Zimbabwe is now benefiting from the sustained drive by President Emmerson Mnangagwa on the engagement and re-engagement policy.  As a result, Zimbabwean products to the European Union will now be expected to pay a reduced duty tariff or have it eliminated altogether under the EU-ESA Economic Partnership Agreement.

Staff Reporter

The Reserve Bank of Zimbabwe (RBZ) yesterday named and shamed foreign currency abusers and banned them from using local cellphone lines for the next two years.