Simba Rushwaya
HARARE - The insurance sector’s asset base has nominally increased by 147% in the just ended year from a total of $24.2 billion to $59.74 billion, Insurance and Pension Commissioner (IPEC) Commissioner...
Davison Kaiyo
HARARE – Cement manufacturers are seeking government intervention in reducing key cost-drivers that are making its products uncompetitive compared to its regional peers.
This came out at the commissioning of Lafarge Cement’s new US$2.8m dry mortar plant with the...
Pride Mzarabani
HARARE – The government has consolidated 11 licence requirements by merging all fragmented local authority licences into a single unitary licence, in a move designed to simplify operations for players in Zimbabwe’s wholesale and retail sector.
The reform, which...
Highlights
Total money supply in the economy as at December 2019 stood at $34.5 billion. Of that $22 billion (64%) is in local currency and $12.5 billion or US$785 million in in foreign currency.
Cash in circulation at $1.1 billion as...
Farai Mabeza
KARIBA Dam needs three years to reach its maximum retention levels at current average annual inflows of 40 billion cubic meters, Zambezi River Authority chief executive Engineer Munyaradzi Munodawafa has said.
Addressing the media in Lusaka Friday morning, Munodawafa...
Sydney Kawadza
Water levels in Lake Kariba continue to rise increasing by about 25 percent in the past month, the Zambezi River Authority has said.
The authority, however, indicated that a decision to review water allocated to Zimbabwe and Zambia for...
HARARE - There has been some progress on the refurbishment of Hwange Thermal Power Station but the project is still behind targets with the latest update from the Zimbabwe Power Company showing that the works are 62.54% complete against a...
Farai Mabeza
Zimbabwe is battling to salvage its economy on its own in the wake of the COVID-19 pandemic after being excluded from the emergency financial assistance extended to other countries by the International Monetary Fund, Reserve Bank of Zimbabwe...
Harare-Government Treasury has settled a US$47.8million Sinosure debt in a bid to clear the debts owned by the state owned by Zimbabwe Iron and Steel Firm (ZISCO) in a move to pave the way for new investors
On the 28th...
Harare - The Confederation of Zimbabwe Retailers (CZR) has written to the government appealing for the swift implementation of the zero-rating of Value Added Tax (VAT) on essential goods, as approved by Cabinet.
The letter is a follow-up to a...
