BUSINESS NEWS

Agriculture Reporter

The Tobacco Farmers Union of Zimbabwe (ToFUZ) has applauded the Government for the foreign currency retention review ahead of the upcoming 2021 tobacco marketing season.

Staff Writer

Government has stepped up efforts to revive the Zimbabwe Iron and Steel Company (ZISCO) with at least four foreign investors said to be earmarked for its revival.

 by Staff Writer

Treasury has released ZW$480 million towards the Emergency Road Rehabilitation Programme as Government embarks on a massive project to revive road infrastructure following extensive damage across the country from ongoing heavy rains.

by Business Writer

The month-on-month inflation rate in February 2021 was 3.45 percent, shedding two percentage points on the January 2021 rate of 5.43 percent as prices for goods and commodities start to stabilize on the back of the market's self-correcting mode.

by Business Writer

Ministry of Finance and Economic Development, Permanent Secretary George Guvamatanga says the Second Republic’s fiscal discipline is paying off as Government has weaned itself off from the central bank overdraft facility and also recorded current account surplus last year.

by Business Reporter

The Reserve Bank of Zimbabwe (RBZ) says it will soon roll-out a Cyber Security framework to guide the market, given the rise in digital financial services’ threats confronted by the local financial sector.

By Business Reporter

The business community has hailed President Mnangagwa for extending the business operating hours to nine hours per day.

By Agriculture reporter

Majority of cotton crop countrywide is currently reported to be in good or excellent condition despite heavy rains and floods that recently pounded some parts of the country.

Staff Reporter

Parliamentary Portfolio Committee on Mines and Mining Development Chairperson, Edmond Mkaratigwa revealed that Government was exploring more options to formalise Artisanal and Small Scale Miners (ASM) to facilitate growth in the sector.

By Staff Writer

Zimbabwe’s exports were estimated at US$4.39 billion in 2020, a marginal 2.7% increase from US$4.28 billion in 2019, in a tough year in which COVID-19 heavily disrupted commodity demand and hampered trade links.

By Staff Reporter

…as it is working to restore power generation at Hwange

Power utility, Zimbabwe Electricity Supply Authority (ZESA) Holdings has assured that it has the capacity to uphold the country’s electricity demand despite a fire incident which occurred at Hwange Power Station, last evening (Wednesday).

By Agriculture Reporter

The Deputy Minister for Lands, Agriculture, Fisheries, Water and Rural Resettlement, Vangelis Haritatos, has urged farmers to fully utilize land that has irrigation potential saying that this will ensure food security in the country.