HARARE - The Financial Intelligence Unit has directed that the accounts of four retail chains be frozen to allow for investigations on possible money laundering allegations related to parallel market activity.
According to a letter from the FIU to all...
Farai Mabeza
ZIMBABWE and the European Union have launched the Zimbabwe European Partnership Agreement Support programme (ZEPA) worth €10m (US$11m).
The €10m intervention seeks to assist the country with the implementation of the Zimbabwe – EU free trade agreement, the Economic...
Itai Ndongwe
HARARE - The World Bank has announced the Reserve Bank of Zimbabwe (RBZ) as the latest member of the Reserve Advisory & Management Partnership (RAMP).
The RBZ joined RAMP through a World Bank Group multi-donor trust fund designed to...
Talkmore Gandiwa
HARARE - Government has today launched a US$20 million small holder farmers irrigation development fund which is aimed at revitalising 18 rural irrigation schemes, key in the country's quest to improve food security.
The Smallholder Irrigation Development Fund is...
Staff Writer
BULAWAYO – The Treger Products Group has re-invested close to US$37 million into the business since 2010 with a focus on modernising its production units to keep with global industrial technological standards and to meet domestic and export...
Jonathan Waters
Tomorrow, June 11, marks the centenary of the arrival of the first aircraft in Harare carrying two passengers from Kadoma, and it is perhaps an irony that today may pass – as it did 100 years ago...
Christopher Mahove
Zimbabwe’s food manufacturing sector sources 70% of its input components from foreign markets despite the country’s economy being agro-based.
Confederation of Zimbabwe Industries chief economist, Cornelius Dube said the country’s economy had lost its downstream value chain dependency and...
Tapiwanashe Mangwiro
HARARE - Zimbabwe Asset Management Company (Zamco) has so far resolved $452 million of the bad debts it mopped up and said they are still in line to meet the annual $140 million target.
In February 2020, the debt...
HARARE - Domestic electricity tariffs on pre-paid systems have increased by 30% under a stepped structure.
According to the Zimbabwe Electricity Transmission & Distribution Company, the lowest consumption band (0 to 50kwh) will be priced at $2.25/kwh while the most...
HARARE – The 2019 Novel Coronavirus pandemic has dented any hopes of growth in 2020 with the International Monetary Fund also forecasting a gloomy global picture for the year. The Covid-19 pandemic is threatening to be more devastating than...
