BUSINESS NEWS

By Bernard Mutambudzi.

Government has set timeframes for the partial privatization of some of the State-owned enterprises (SOEs) which would enable them to fully contribute towards economic development. The timeframes range from 12 to 24 months.

By Tawanda Musariri

Employment in the mining sector is rising amid improving performance of major minerals. This is despite economic bottlenecks spurred by foreign currency challenges in the macro economy.

Zimbabwean gold mines have been allowed to retain 55 per cent of their earnings in dollars, from 30 per cent previously.

By Rudo Saungweme

ZimTrade has hailed the New Dispensation’s economic reforms saying that it has improved the ease of doing export business in Zimbabwe resulting in the increase of exports by twenty three percent from US$2.8 billion recorded in 2016 to US$5 billion this year.

By Zivanai Dhewa

The Minister of Information, Publicity and Broadcasting Services, Mrs Monica Mutsvangwa announced after a Cabinet briefing that Zimbabwe has been ranked third best tourist destination in the world for 2019.

By Zivanai Dhewa

In an effort to bring life while minimising continued loss of revenue at State owned enterprises (SOE), Government has started its restructuring exercise of all the 41 parastatals.

By Bernard Mutambudzi

The business community in Harare is finalizing a paper on the huge losses incurred during the August 1 incident in which rowdy MDC Alliance went on a rampage to stone and loot shops.

By Shongedzai Mugwagwa

Government has effected a downward review on fuel pump prices as announced by the Zimbabwe Energy Regulatory Authority (ZERA) with immediate effect.

By Rudo Saungweme        

Zimbabwe`s engagement and re-engagement policy is proving to be a success as more and more investors from across the world are willing to invest in Zimbabwe.

By Rungano Dzikira

The Zimbabwe Revenue Authority (ZIMRA) is set to embark on expansion of Forbes-Machipanda Border Post (Mutare) following an increase in traffic volume and commercial activities along the Beira-Zimbabwe corridor as the trade route is proving viable for most traders.

By Zivanai Dhewa

Following President ED Mnangagwa’s press statement on the prospects of gas and oil in Muzarabani last week, Invictus Energy has announced substantial resource potential at its Cahora Basa Project.

By Rudo Saungweme

The recent successful launch of the African Continental Free Trade Area (AfCFTA) has brought into focus the great potential for trade and economic development across Africa.