STANBIC Bank says it will continue to play a pivotal role in championing sustainable energy after it facilitated the construction of a US$500 000 190kw solar plant for Standards Association of Zimbabwe (Saz). Stanbic’s head of personal and business banking Patson Mahatchi said the financial institution supported Saz with the foreign currency, which was required…
ZIMBABWE’s active mobile subscribers declined by six percent during the first quarter of 2019 due to lower aggregate demand in the economy, latest industry report has shown. According to the Postal and Telecommunications Regulatory Authority (Potraz) first quarter 2019 report, subscriptions declined to 12 134 455 from 12 908 992 recorded in the fourth quarter…
© Economists yesterday weighed in on calls for political dialogue between the two main political parties; Zanu PF and the MDC saying it is the key panacea for the deteriorating economic conditions. Speaking during the Financial Gazzette Executive Dialogue on the Outlook of SI 142/19 yesterday in Harare, the economists’ call come as Zimbabweans continue…
THE African Medallion Group (AMG) will mid this month unveil a new gold medallion as the start-up moves to further secure and preserve investors’ wealth. This also comes as debate over the use of these bullion coins as a future currency and the need for greater beneficiation of the yellow metal through such initiatives…
© Clean City launched, set to offer sustainable waste management services Cassava Smartech, part of the Econet group, last week launched Clean City, a new business whose goal is to provide sustainable waste management in urban areas, in partnership with local authorities and the private sector. [GoogleAd] Speaking at the launch event in Harare, Clean…
© GOVERNMENT says the multi-currency system created fiscal and monetary challenges, stunting economic growth and making most industries in Zimbabwe uncompetitive. Treasury permanent-secretary George Guvamatanga said there was no way Zimbabwe’s economy could have grown sustainably using strong currencies such as the United States (US) dollar. [GoogleAd] “What was the previous multi-currency system going to…
ZIMBABWE is planning to establish dry ports across the country, which can make the country a true logistics hub for the region, Finance minister Mthuli Ncube has said. This comes as President Emmerson Mnangagwa’s government is readying to profit or benefit from the recently-created African Continental Free Trade Area and the National Oil Infrastructure Company…
© ZESA Holdings (Zesa) will have to wait a little longer before it can engage South African power utility Eskom on whether it can resume pumping 450MW onto Zimbabwe’s national grid. Eskom is currently exporting just 50MW to Zimbabwe after Zesa had accrued a US$40 million debt that it was failing to service, resulting in…
© ZIMBABWE is planning to establish dry ports across the country, which can make the country a true logistics hub for the region, Finance minister Mthuli Ncube has said. This comes as President Emmerson Mnangagwa’s government is readying to profit or benefit from the recently-created African Continental Free Trade Area. [GoogleAd] State-owned enterprises, namely the…
© PRESIDENT Emmerson Mnangagwa’s government must deal with monopolies and oligopolies which are influencing market failure leading to unsustainable price increases, economic experts have said. [GoogleAd] Under oligopolies a small number of players run sectors with limited competition while in a monopoly only one player runs a market as an individual player. Zimbabwe’s economy has…
