© ZIMBABWE’S trade deficit shrunk by 70 percent during the four months to April 2019 compared to the same period last year, official data shows. [GoogleAd] This came after a considerable decline in imports during the period from $2,56 billion in 2018 to $1,52 billion. Latest data from Zimstats shows that the trade deficit came…
© GOVERNMENT failed to protect the rights and reasonable benefit expectations of policyholders and pension fund members post dollarisation, a commission of inquiry has revealed. [GoogleAd] Brains Muchemwa, one of commissioners told a workshop on findings of the commission of inquiry that it is government’s responsibility to provide an enabling environment, policy direction and regulatory…
© ZIMBABWE’S private sector has been urged to increase investment in the information and communication technologies (ICTs) as a way of reviving the country’s economy. This comes as research by the World Bank revealed that a 10 percent increase in broadband penetration causes a 1,38 percent contribution to the gross domestic product (GDP). [GoogleAd] “In…
© BRITISH American Tobacco Zimbabwe (BAT) managing director Clara Mlambo, pictured, has resigned from the tobacco processor after being at the helm for the past three years. BAT’s acting company secretary Stephen Nyabadza, yesterday, confirmed her departure saying the multinational firm was “in the process of recruiting a replacement for Mrs Mlambo and will advise…
© FINANCE minister Mthuli Ncube says an electricity tariff increase at the moment would be “ill advised” as it may trigger price increases. This comes as Zimbabwe early this month started implementing load shedding, after the government announced it was facing critical power shortfalls and had to introduce rotational power cuts in order to “balance…
© MANY artisanal miners’ deaths are going unrecorded in an unregulated industry where many workers are facing deadly hazards underground and cover-ups if accidents occur. [GoogleAd] The saga of miners killed in Battlefields where shafts collapsed and caved-in after flooding in a tunnel several metres below the surface has exposed perilous conditions in a booming…
© ZIMBABWE Coalition on Debt and Development (Zimcodd) has called on government to invest in financial literacy programmes for members of Parliament (MPs) as this will enable them to make sound financial decisions as stewards of public finances. [GoogleAd] The financial watchdog which has started extending training has called for the strengthening of oversight roles…
© ZIMBABWE’S tobacco farmers have so far earned US$200 million after selling 112 million kilogrammes (kg) of the golden leaf at the country’s three auction floors, latest data show. Although there is a significant improvement of tobacco deliveries compared to March this year, statistics from the Tobacco Industry and Marketing Board (TIMB) shows that in the…
© GOVERNMENT says the private sector and other stakeholders should find ways to motivate the girl-child to venture into the information and communication technologies (ITCs) sector. This comes as the International Telecommunications Union (ITU) estimates a skills shortfall of over two million jobs in the ICT sector within the next five years. [GoogleAd] As such,…
© THE African Development Bank (AFDB) says it will spend at least US$1,4 million in a pilot study to understand the contribution of Zimbabwe’s jewellery manufacturing industry and its potential for job creation. AFDB director for gender, women and civil society Vanessa Moungar said the project is aimed at creating jobs in Zimbabwe, Sierra Leone…
