ZWL inches 20K mark as MPS anxiety riles market
HARARE - The ZWL’s downward spiral continues, inching towards the 20 000 mark against the USD on the interbank market as policy vacuum sees companies scramble for USD currency from the banks amid worsening...
ZWL exchange rate instability wreaking havoc on retail data: Choppies
Itai Ndongwe
HARARE - Choppies said it is keeping close tabs on conditions in the Zimbabwean market since hyperinflation is wreaking havoc on the data on a continual basis, causing growth to stagnate.
According to the company's...
First Capital Bank in line for a US$15m credit line from AfDB
Ryan Chigoche
HARARE - The Africa Development Bank (AFDB) is set to avail a US$15 million credit facility to the First Capital Bank, subject to board approval, as the former has plans to commence direct...
Tanganda Tea to re-introduce irrigation to ensure sustainable production
Itai Ndongwe
HARARE - Tanganda Tea is taking a proactive approach to ensuring the sustainability of its tea production, with plans to re-introduce irrigation as the company has secured a sustainable power supply from its...
Japan extends US$17.4m grant for Makuti-Chirundu stretch
Itai Ndongwe
HARARE - The Japanese government has extended a grant of US$ 17.4 million to Zimbabwe for upgrading of high gradients on the Makuti-Chirundu stretch under Phase 2 of the Road Improvement of the...
Ambassador Almassri denounces the Israeli attack on humanitarian aid.
Dr. Tamer Almassri, the Ambassador of Palestine, strongly condemns the Israeli occupation forces for their brutal massacre of starving Palestinian civilians awaiting humanitarian aid at the AL Nabulsi Roundabout in Gaza this morning. He...
FinMin calls out business for profiteering on sugar tax
HARARE - Finance, Economic Development, and Investment Promotion Minister, Mthuli Ncube, has publicly condemned businesses for what he perceives as the misuse of the Beverages Sugar Content Tax, amidst growing criticism over the government’s...
Zida launches electronic DIY licensing portal
Ryan Chigoche
HARARE - The Zimbabwe Investment and Development Agency (ZIDA) has launched its electronic do-it-yourself (DIY) licensing portal, an efficient tool that would make it easier for investors to do business by reducing the...
Zimbabwe joins International Energy Forum
The International Energy Forum today announced that Zimbabwe has joined as a full member of the organisation, bringing the total number of member countries to 73.
The IEF’s mission is to promote energy security through...
















