HARARE – An average Zimbabwean family required at least $5,293 in February this year to meet its basic needs for it not to be deemed poor, a 17% jump from $4,492 the previous month, latest data shows.
The jump reflects...
HARARE - The agreement between Government through the National Oil Infrastructure Company and Trafigura does not permit the commodities firm to exceed 40% market share. This has resulted in capacity utilization of the pipeline averaging around 65% over the...
The African Development Bank has approved US$34.8 million, (US$34,796,402.40) in grants to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe.
Under the bank group’s Africa Disaster Risk Financing (ADRiFi) initiative, the Mitigating Fragility...
Sydney Kawadza
Some areas in Zimbabwe are likely to face acute food shortages from October going into the new year despite the country receiving above normal rain during the 2020/2021 agricultural season, the Famine Early Warning Systems has predicted.
In the...
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...
Staff Writer
Zambia has become the latest country to submit instruments of its ratification of the African Continental Free Trade Area (AfCFTA) agreement to the African Union Commission.
African Union Commission chairperson Moussa Faki Mahamat announced the development that means only...
Christopher Mahove
The Zimbabwe Revenue Authority has given traders who are falsifying their foreign currency financial records, a December 31 ultimatum to voluntarily declare all under declared financial records. Those who fail to meet the deadline will face rigorous audits, prosecutions...
Sydney Kawadza
Zimbabwe and Zambia should expect spending millions of United States dollars in regular repairs, rehabilitation and maintenance at the Kariba Dam, which has reached an advanced age of 60 years.
The aging dam, which is one of Africa's largest...
Farai Mabeza
Tobacco farmers will get fifty percent of their proceeds in foreign currency, the Reserve Bank of Zimbabwe (RBZ) and the Tobacco Industry Marketing Board (TIMB) announced.
In a statement the two organisations said the money would be paid into foreign...
Itai Ndongwe
HARARE – The Zimbabwe Investment Development Agency (ZIDA) reported a significant 60% decrease in total investment value in the fourth quarter of 2024 at US$4.6 billion from US$11.5 billion reported in Q4 2023. This decline is attributed to...
