The Zimbabwe and Electricity and Distribution Company (ZETDC) will on March 1, 2020, hike electricity tariffs by 19.02 per cent. In a statement, “Notice of…Full Story... ZESA Hikes Electricity Tariffs.
Sugar production has dipped 12% according to the financial results of one of the country’s largest sugar plants, Hippo Valley, The Herald reports. According to…Full Story... Sugar Production Plummets At Hippo Valley.
This came out when Mr Musarara presented oral evidence before the Parliamentary Portfolio Committee on Lands, Agriculture, Water and Rural Resettlement chaired by Justice Mayor…Full Story... Parly grills GMAZ over unaccounted US$27m
The airline, which in Oct. 2018 was placed under administration, a form of bankruptcy protection, received expressions of interest from 10 international investors and had…Full Story... Stricken Air Zimbabwe Fails to Raise Much-Needed Investment
Gary Green is no stranger to adversity. The burly Zimbabwean has survived a brain tumor and rebuffed the seizure of his machinery business by people…Full Story... Factories Grind to a Halt as Zimbabwe’s Economy Implodes
HARARE – Commodities trader Trafigura will take control of its Zimbabwe business after buying out local partner Sakunda Holdings, which is owned by a businessman…Full Story... Trafigura to take 100% control of its Zimbabwe fuel import business
Britain is leaving the European Union on Friday, starting the clock on an 11-month transition period during which the country will try to sign as…Full Story... Britain seeks closer economic ties with Africa following Brexit
Zimbabwe’s central bank has frozen the bank account belonging to a Chinese firm, China Nanchang amid revelations it has been injecting millions of dollars into…Full Story... Reserve Bank of Zimbabwe freezes Chinese firm account on charge of fueling the black market rate
President Uhuru Kenyatta has secured major investment deals worth over $1 billion in the ongoing UK-Africa Investment Summit in London. On Monday, the country also…Full Story... Kenya secures $1.2 billion investment deals at UK-Africa summit.
Debts incurred before the 22nd of February 2019 shall be settled in the local currency on 1:1 rate. The Supreme Court has ruled that all…Full Story... ‘ Debts incurred before the 22nd of February 2019 shall be settled in the local currency ‘ – Supreme Court
FINANCE Minister Mthuli Ncube says government will offer civil servants a reasonable salary increase, but warned the public workers’ demands will not be fully met…Full Story... Reasonable wage increases for civil servants – Mthuli
After shedding 8% of their workforce last year, Zimbabwean banks may cut more jobs in 2020 as the economy shrivels and the sector increasingly shifts…Full Story... More Zimbabwe Bank Jobs at Risk as Lenders Push Digitization
TOTAL Consumption Poverty Line (TCPL) rose by 15.7 % in the month of November 2019, leaving an average family of five requiring $ 3 656.48…Full Story... Cost of Living in Zimbabwe skyrockets as family of five requires $ 3 600 per month
Locals traders living close to the borders with South Africa and Botswana have reportedly dumped the local currency for the Rand which enables them to…Full Story... Traders Defy Zimbabwe’s Foreign Currency Ban
Finance and Economic Development Minister Professor Ncube said Government had not banned calculations of annual inflation rate but the actualities would be determined using the…Full Story... “I Never Blocked Inflation Figures,” Finance Minister Mthuli