Govt revising fuel pricing structure and restructuring oil industry

Staff Writer Government is designing a new fuel pricing structure to prevent artificial shortages and is restructuring the oil industry to improve its operational efficiency,...

John Bredenkamp dies

HARARE - Business tycoon and former rugby player John Bredenkamp has died. He was 79. Bredenkamp, born in 1940, passed away this morning after having undergone...

Health workers go on strike as civil servants demand full salary...

Farai Mabeza Healthcare workers have officially gone on strike demanding restoration of USD salaries while the Apex Council has rejected the government offer of a...

US$ COVID-19 allowance and 50% salary review for civil servants

Farai Mabeza Government has announced a 50 percent salary review for all civil servants and an interim US$75 allowance to cushion its employees against the...

Zim farmers shift focus to sesame plant production

Shamiso Ngwena & Cynthia Chitombi Zimbabwean farmers, struggling with traditional crops such as maize, have shifted focus to the sesame plant targeting at least 100...

Tobacco deliveries slower than expected: TIMB

Farai Mabeza Tobacco deliveries are slower than expected because farmers are not happy with the fixed exchange rate of 1:25 under which they are required...

Linda Masterson set to leave Edgars as shareholders approve $70m rights...

HARARE - Linda Masterson is set to leave Edgars Stores Limited at the end of this month after having spent 10 years as chief...

Money and Economy in Zimbabwean History: A Concise Currency Timeline

The imperial makings of a local/national currency in colonial Zimbabwe: Money as a product of imperial and colonial politics and law; 1930-1940 Tinashe Nyamunda The Brookings...

Tongaat Hulett disposes R375m Swazi-based agribusiness as asset selling continues

HARARE – In a bid to reduce its debt which stands at around R13bn by 60% by March 2021, Tongaat has embarked on an...

May inflation slows as coronavirus lockdown weighs

HARARE –Annual inflation rose in May, albeit at a much slower pace due to due to reduced economic activity and aggregate demand during the...

President Mnangagwa thanks God for low COVID-19 fatalities

Farai Mabeza President Emmerson Mnangagwa says it is through God’s mercy that Zimbabwe recorded low cases of Civid-19 as well as less fatalities compared to...

President promises to work “twice as hard” as lockdown is relaxed

HARARE (FinX) – President Mnangagwa has further relaxed the coronavirus-induced national lockdown as he sought to re-activate what he termed ‘freedoms promised’ at the...

Gold deliveries up 76.61% in May

Simba Rushwaya Zimbabwe’s gold deliveries to the Fidelity Printers and Refiners went up by 76.61% in the month of May with more than 9 000...

Towards a free market economy for Zimbabwe

Joseph Mverecha Introduction Our times are uniquely difficult and have been for a while, with limited respite. The economy is dollarizing rapidly while the local currency...

‘Insurance should be seen as an important part of business’

LUSAKA, ZAMBIA – While a lot of hard lessons have been learned from the COVID-19 outbreak, few have been as resounding as the need to...

ZESA domestic tariffs go down as it introduces additional band

Staff Writer The Zimbabwe Electricity Transmission and Distribution Company has reduced domestic tariff structure by up to 36 percent with the introduction an additional band. Previously,...

Churches allowed to gather under COVID-19 restrictions as ED sets prayer...

Cynthia Chitombi President Mnangagwa has allowed churches across Zimbabwe to gather for their services on conditions that congregants observe social distancing and not to exceed...

Teachers against schools opening

Cynthia Chitombi The Amalgamated Rural Teachers’ Union of Zimbabwe is against government’s proposed opening of schools announcing that it would seek an interdict blocking the...

NMB loan book immune from Covid-19; plans to target economic growth...

Tapiwanashe Mangwiro HARARE – NMB Zimbabwe says that its loan book does not have significant exposure to business sectors that are most affected by the...

Raymond Njanike dies

Maxwell Chingaira EmpowerBank board chairman and former Interfin Bank executive Raymond Njanike has died. He was 52. The banker died on Wednesday after a battle with pancreatic...