RTG to spend nearly US$1m on hotel refurbishment
Talkmore Gandiwa
HARARE - Rainbow Towers Group will invest US$880 000 in refurbishing three hotel properties in Harare and Victoria Falls to improve quality and meet international standards.
During a media tour conducted today in Harare,...
Global gold demand reaches record high in Q4 2024 – WGC
Global gold demand reached a record high in Q4 2024, reaching 4,974 tonnes, according to the latest report from the World Gold Council. This represents a 1% year-on-year increase driven by robust buying activity...
Be Responsible, Zimbabwe: US Halts Foreign Aid
Harare- The United States Embassy in Zimbabwe has announced a temporary pause on all US. Foreign assistance funded by the State Department and the United States Agency for International Development (USAID)
The decision, effective immediately...
US Issues Pause on Foreign Aid Funding
By staff Reporter
The United States has suspended foreign aid and new grants immediately. This decision follows an executive order by President Donald Trump, asking the Department of State to pause foreign aid for 90...
MMCZ Appoints New General Manager
By Talkmore Gandiwa
The Minerals Marketing Corporation of Zimbabwe (MMCZ) Board has appointed Dr. Nomusa Jane Moyo as the Corporation's new General Manager, effective immediately.
Dr. Moyo has been serving as the Acting General Manager since...
ZIDA sees drop in investment value in Q4 at US$4.6 bln
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....
Seedco Donates US$9K to Homes
By Talkmore Gandiwa
Seedco has handed over US$9 060 to Idawekwako Old People's Home and Mutemwa Leprosy centre, reinforcing its commitment to corporate social responsibility and supporting vulnerable communities in need.
This generous donation follows the...
Triangle Limited Announces Phased Retrenchment Amid Economic Challenges in Zimbabwe
By Terrence Kurira
HARARE - Triangle Limited, a leading sugar producer in Zimbabwe has announced a phased retrenchment process due to "unprecedented economic challenges." The company cited escalating operational costs, inflationary pressures, and currency losses...
Zhongtong Suspends Operations in Zimbabwe
Terrence Kurira
Harare - Zhengzhou Bus Zimbabwe (Private) Limited, trading as Zhongtong Bus Zimbabwe, has announced that it will suspend its business operations in Zimbabwe.
The decision takes effect from January 14, 2025.
The Chinese bus manufacturing...
Israel Seizes Palestinian Tax Funds
By Staff Reporter
Israel has illegally seized US$ 544 million in Palestine tax and customs revenue. Israel plans to use tax revenue it collects on behalf of the Palestinian Authority to pay the PA's nearly...
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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...
