BUSINESS NEWS

By Rudo Saungweme

Reserve Bank of Zimbabwe Governor, Dr John Mangudya has indicated that the rise in inflation in October 2018 was engineered by panic mode which led to the hoarding of assets and food.

Work is progressing on a 23 903 ha concession area on Zimbabwe’s Great Dyke – a geological feature boasting the world’s second-largest platinum-group metals ((PGMs) resources – where Cyprus-based Karo Mining intends to establish a massive PGMs project.

By Zivanai Dhewa

Minister of Finance and Economic Development, Professor Mthuli Ncube revealed that Government has scrapped the 51% Indigenisation law to attract more Foreign Direct Investment (FDI).

as it scoops three awards

By Derick Tsimba

Zimbabwe has scooped three prestigious awards at this year’s edition of International Tourism Bourse-Berlin (ITB-Berlin) for being a sustainable tourism destination.

By Derick Tsimba

Zimbabwe tourism hospitality delegation has joined the rest of the world in exhibiting at this year’s edition of the international tourism bourse-Berlin Germany (ITB-Berlin) where they are seeking to increase tourism traffic from the German market, Zimbabwe Tourism Authority (ZTA) has said.

By Zivanai Dhewa

Speaking during an interview with international broadcasting television, Bloomberg Surveillance, Minister of Finance and Economic Development, Professor Mthuli Ncube revealed that Zimbabwe is the cheapest buy in Africa.

By Gift Mashoko

Speaking at a press conference held in Harare, Minister of Women Affairs, Community, Small and Medium Enterprise Development, Sithembiso Nyoni described financial exclusions as a hindrance to women’s potential in achieving their greatness.

By Derick Tsimba 

Zimbabwe will soon benefit from thousands of tourists who are expected to visit the country following the Tour Africa- New Horizon tourism Chinese project initiative to promote Chinese tourists to visit the country, Zimbabwe Tourism Authority (ZTA) has said.

By Rudo Saungweme  

Zimbabwe Asset Management Corporation (ZAMCO) Pvt Limited is a special purpose vehicle set up by the Reserve Bank of Zimbabwe (RBZ) to resolve the high levels of Non-Performing Loans that bedevilled the banking sector following the introduction of the multi-currency trading system in February 2009, the RBZ Governor has said.

By Derick Tsimba 

Government through the Grain Millers Association of Zimbabwe (GMAZ) has unveiled a three year wheat contract farming worth USD$80 million to produce close to 150 000 metric tonnes of wheat annually.

By Gift Mashoko

Zimbollar Research Institute, an independent source of Zimbabwe formal and informal economic and financial data has revealed that “Government Revenue has increased by 141% from $345million to $832million for January to December 2018, whilst expenditure decreased by 69% from $319million to $100million over the same period.

By Nobleman Runyanga

The Competition and Tariff Commission has approved TV Sales and Home’s acquisition of a 49 percent stake in the Msasa-based bed manufacturer, Restapedic (Pvt) Ltd.