Hampered by capacity constraints, Glytime Foods seeks relocation closer to farmers

Farai Mabeza Agro-based processor Glytime Foods’ plans to increase capacity have been hamstrung by small working space and lack of access to adequate working capital...

Drax challenges contract termination

XOLISANI NCUBE Drax Consulting SAGL, a company that was controversially awarded the deal to supply medicines and surgical sundries before the deal was terminated by...

Managing the Exchange Rate in Zimbabwe

By Professor Tony Hawkins for the CAA Business School One statistic tells it all. Forty years ago, the Zimbabwe dollar was worth 150 US cents,...

BancABC launches A360 Mobile Banking App  

At a time when Banks worldwide are looking for ways to bring innovation during the current COVID-19 pandemic, BancABC launched their A360 Mobile Banking...

Mash Holdings assessing COVID-19 impact on Charter House Hotel project

HARARE – Property development and management company Mashonaland Holdings Group’s operating profit rose 13 percent during the period starting October 2019 to May this...

US$1.8m drought insurance pay-out for Zim

Farai Mabeza Zimbabwe has received a US$1.8 million drought insurance pay out from African Risk Capacity Insurance Company Limited, a financial affiliate of the African...

NSSA extends Manase’s contract

Staff Writers Another storm is brewing at the scandal-ridden National Social Security Authority where board chairman Dr Cuthbert Chidoori extended acting general manager Arthur Manase’s contract...

Zimbabwe economy to recover in 2021-Bank

Simba Rushwaya The African Development Bank has predicted a dramatic and strong economic recovery for Zimbabwe in 2021 in the aftermath of the ravaging effects...

Money and Economy in Zimbabwean History: A Concise Currency Timeline

Money and the winds of change in the 1960s. Federal collapse, the Rhodesian rebellion, sanctions UN sanctions and the turn towards a post-sterling currency. Tinashe...

Only 37% of Zimbabweans have access to basic sanitation facilities

Farai Mabeza Only 37% of the Zimbabwean population use basic sanitation facilities, a 2019 survey has reported. According to the 2019 Multiple Indicator Cluster Survey done...

Govt awards civil servants US$13 pay rise

Simba Rushwaya/Xolisani Ncube Government workers and their representatives have rejected the government’s US$13 equivalent of the 50 percent salary increment awarded last month. Government on Tuesday...

Mnangagwa consoles Chamisa over late mother

Simba Rushwaya In a rare case of solidarity, President Mnangagwa has sent a message of condolence to his arch rival opposition leader Nelson Chamisa of...

U.S. avails $60.55mln for Zimbabwe 2020/21 Lean Season assistance

HARARE – The United States, through the U.S. Agency for International Development (USAID), will provide $60.55 million toward the World Food Programme’s (WFP) 2020/21...

US$2m boost for post-Cyclone Idai restoration

Cynthia Chitombi Zimbabwe has received a US$2m grant to help in its efforts to re-build infrastructure destroyed by Cyclone Idai in March last year. The funds...

Auditor General to be removed from national procurement oversight committee

Farai Mabeza The Auditor General is set to be removed from the Special Procurement Oversight Committee due to a glaring conflict of interest, it has...

Download: Natfoods celebrates rare centenary as a Zimbabwean corporate

Jonathan Waters July 3, is the 100th anniversary of National Foods if we are to trace the company to its “corporate roots”, when the British...

State-owned diamonds company fails to pay workers

Xolisani Ncube Workers at the state owned Zimbabwe Consolidated Diamond Company (ZCDC) have gone for three months without salaries—a development the company says is due...

ZSE’s obscure relationship with Government

Government’s relationship with the stock exchange has been shaky from the 1980-independence start. It was, after all, unknown to this group of comrades. In...

Zamco resolves $452 mln debts in May including ZC’s $32 mln

Tapiwanashe Mangwiro  HARARE - Zimbabwe Asset Management Company (Zamco) has so far resolved $452 million of the bad debts it mopped up and said they...

ZERA defends petrol blending

Cynthia Chitombi Zimbabwe has reduced its fuel import bill by about 20 percent through the blending of unleaded petrol with ethanol, a senior government official...