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...
The centenary of the arrival of Harare’s first flight
Jonathan Waters
Tomorrow, June 11, marks the centenary of the arrival of the first aircraft in Harare carrying two passengers from Kadoma, and it...
Money and Economy in Zimbabwean History: A Concise Currency Timeline
The end of Chartered Rule, entrenchment of white self-government and African economic disempowerment: Currencies, and the consolidation of Racialised Economic Spaces, 1920-1930
Tinashe Nyamunda
In the...
Slowdown in economic activity during C-19 lockdown sees Zim narrow its...
HARARE – A slowdown in economic activity in April due to the coronavirus-induced national lockdown, saw the country’s trade deficit narrow by a significant...
Zimbabwe maize yields at 0.57t/ha in 2019/20, faces cereal deficit of...
HARARE - The country's maize production is estimated to have risen 17% in the 2019/20 season, but the biggest concern remains the poor yields,...
Banks to finance productive sector Covid-19 support
Farai Mabeza
Productive sector support under the $18.02 billion COVID-19 Economic Recovery and Stimulus Package will be financed by banks through normal banking channels and...
Nampak pessimistic as Covid-19 pushes economic reform into the background
Farai Mabeza
Paper packaging firm, Nampak Zimbabwe, sees no improvement in the country’s economic environment for the remainder of 2020 citing the COVID-19 outbreak and...
African equity capital markets activity see downward turn in 2019: PwC
HARARE – African Equity Capital Markets (ECM) saw the lowest proceeds recorded in ten years in 2019 as activity and volumes declined sharply from...
Fuel prices up as ZERA admits arbitrage is a big worry
HARARE – The Zimbabwe Energy Regulatory Authority has hiked the price of fuel, although it remains below US$1, after admitting that pricing could not...
