BUSINESS NEWS

Staff Reporter

Government through the Ministry of Information, Publicity and Broadcasting Services is embarking on an intensive drive to inform and educate the nation on the National Development Strategy (NDS1) and its role toward the attainment of Vision2030.

Staff Reporter

As at 18 July 2021, the Grain Marketing Board (GMB) had recorded delivery of 492 481 Metric Tonnes (MT) of maize against the Strategic Grain Reserve requirement of 500 000 MT, a contact within the Parastatal has said.

Staff Reporter

Government will introduce a Presidential Rural Poultry Pass-on Scheme, which seeks to commercialize rural poultry production, thereby providing an affordable source of protein and increasing rural household incomes, a Government official has said.

Health Reporter

Verify Engineering (Pvt) Ltd, a company wholly owned by Government, under the Ministry of Higher, Tertiary Education, Science and Technology, has officially started producing oxygen, as from 15 July 2021, after several trial runs which were successfully completed on 14 July 2021.

Staff Reporter

A snap survey conducted by this publication this week has revealed that prices of basic commodities like bread, flour, washing and bathing soap, and mazoe orange crush among others, have gone up by 3 to 18 percent.

Staff Reporter

The country’s economy is on the rebound following successes in agriculture, mining and manufacturing sectors that have continued to perform well despite the COVID-19 pandemic.

Zivanai Dhewa

… As Gvt tightens its Regulatory Systems

Virtual Asset Service Providers (VASP) will soon be forced to keep a record of their clients and report any anomaly in their transactions following Government approval for the amendment of the Securities and Exchange Act (Chapter 24:25).

Staff Reporter

Eureka Gold Mine in Guruve, Mashonaland West Province is set to resume operations on 31 July 2021 and its state of preparedness is reportedly at 97 percent.

Business Reporter

…as companies continue to outsource insurance services

Zimbabwe Insurance Pensions Apex Council (ZIPAC) has raised concern over the growth and profitability of the insurance sector following the externalisation of the insurance business to foreign players.

Agriculture Reporter

The Agricultural Marketing Authority (AMA) has been criticised by some players in the cotton industry for fuelling side marketing through conniving with private buyers who buy the white gold from farmers who were sponsored by Cottco.

Zivanai Dhewa

People and business entities alike, have been encouraged to adhere to Statutory Instruments as they are a most common form of secondary legislations.  This follows the arrest of a senior civil servant in the Ministry of Industry and Commerce for ignoring the Statutory Instrument 89 of 2021.

Zivanai Dhewa

The Ministry of Finance and Economic Development has released a press statement warning the public against a fake article circulating on social media pertaining to an alleged SMEs Covid 19 rescue fund.