BUSINESS NEWS

by Christopher Makaza

Renowned economist and Monetary Policy Committee member, Mr Eddie Cross has glorified the 2020 Mid-Term Monetary Policy Statement (MPS) by the Reserve Bank of Zimbabwe (RBZ).

by Christopher Makaza

The US$1,2 billion expansion of the biggest coal-fired power facility in Zimbabwe, Hwange Thermal Power Station’s Units 7 and 8, which will see 600 megawatts (MW) added to the national grid is progressing well, with the commissioning of the first unit (Unit 7) expected mid-2021.

by Grace Chekai

Cabinet yesterday approved the proposed remodelling of Agribank (Pvt) Limited,  which is in line with realising Vision 2030 owing to its contribution to the economy and agriculture in particular.

By Zivanai Dhewa

As the anti-Zimbabwe narrative continues to escalate across the globe, ostensibly meant to discredit the person of the President and Government of Zimbabwe, former Deputy Finance Minister Terrence Mukupe has defended Government position and exposed the real cause behind the suffering of the Zimbabwean people.

By Tafanana Kwedu

In a move expected to boost Zimbabwe’s diamond production, President Emmerson Mnangagwa on Saturday re-launched Anjin diamond mining company, a joint venture entity between Chinese firm Afec and the Zimbabwe Government through Zimbabwe Consolidated Diamond Company (ZCDC).

By Tafanana Kwedu

President Emmerson Mnangagwa on Wednesday launched the National Tourism Recovery and Growth Strategy (NTRGS) in Victoria Falls.

By Derick Tsimba

Government through its investment vehicle Mosi-Oa-Tunya Development Company has committed itself to develop tourism facilities in Victoria Falls to promote future growth of the town. Development will see the construction of hotels, shopping malls, a medical facility, a convention centre amongst other facilities for the promotion of tourism.

By Zivanai Dhewa

The Zimbabwe Revenue Authority (ZIMRA)’s five year strategy (2019-2023) which was aligned with the Transitional Stabilisation Programme (TSP) set to come to an end in December 2020, has made a significant impact toward advancing Government’s achievement of vision 2030, through supporting pillars such as the restoration of the Fiscal Balance, Plugging revenue leakages and Ease of doing business among others.

By Derick Tsimba

The RBZ has introduced a second foreign exchange auction system to cater for the foreign currency needs of Small and Medium Enterprises (SMEs), the Harare Post can report.

By Derick Tsimba

Afreximbank has agreed to give the Zimbabwe Electricity Transmission Distribution Company (ZETDC), a US$79 million loan for use in payment of the Company’s electricity imports debt.

By Tafanana Kwedu

In a move expected to boost domestic tourism, players have agreed to come up with special packages for locals and joint promotions for various tourism destinations in bid to revive the sector, amid the COVID-19 pandemic.

By Derick Tsimba

Zimbabwe and South Africa held a bilateral closed door meeting on economic and trade relations in Harare yesterday, to discuss issues affecting citizens of both countries who are stuck at the Zimbabwe and South African border, the Harare Post can report.