BUSINESS NEWS

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.

By Derick Tsimba

Zimbabwe Tourism Authority (ZTA) and local tourism operators are showcasing their services and products to potential buyers in Sandton City, Johannesburg, South Africa where 338 exhibitors are part of this year’s edition of Meetings Africa, the ZTA Head of Corporate Affairs has said.

By Gift Mashoko

Minister of Justice, Legal and Parliamentary Affairs Honourable Ziyambi Ziyambi yesterday called for the removal of sanctions imposed on Zimbabwe.

By Rudo Saungweme

Farmers are anticipating the sale of tobacco which is to commence on 21 March amid a 50 percent United States Dollars payment facility which has incentivised a lot of farmers to grow the golden leaf.

By Shongedzai Mugwagwa

Zimbabwe’s largest, fastest growing and bullish petroleum group, Petrotrade staged a major coup in the industry by becoming the first ever Zimbabwean company to get the ISO 9001:2008 certification at a glittering event held in Harare’s Rainbow Towers Hotel today.

…as citizens criticise him for his ill temper

By Zivanai Dhewa

People across the board have expressed disappointment at ZiFM Stereo for presenting an unbalanced panel to debate serious economic issues, after they fielded a seasoned economist, Professor Ashok Chakravarti and Tendai Biti, a politician whom listeners say knows nothing about economics.

By Gift Mashoko

RBZ Governor, Dr John Mangudya has this morning expounded on the Monetary Policy Statement which he delivered on Wednesday, articulating on the bond notes and the foreign currency issues as well as exchange rate.

Christopher Makaza

Netizens have castigated MDC leader, Nelson Chamisa for his attack on the Monetary Policy Statement presented by Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya on Wednesday arguing that he is good at criticising other people`s efforts rather than proffering solutions to the country`s crisis.

By Rudo Saungweme

An Indian beverages firm, Varun Beverages which currently produces Pepsi drink in the country is set to establish a tomato and potato processing plant in Harare, a move expected to boost exports and foreign currency as well as creating employment, Harare Post has learnt.