© Vaya Mobility service, which is now available in all major Zimbabwean cities and towns, has hit Bulawayo by storm, taking advantage of the Zimbabwe International Trade Fair (ZITF) to launch its new Vaya Shuttle service by offering free rides to exhibitors, business people and professionals travelling to the trade fair by air. [GoogleAd] Throughout…
© PREMIER African Minerals (Premier) says it has terminated its proposed acquisition of a 50 percent stake of KME Plant and in Honey Badger Resources (HBR) due to ongoing uncertainty over the future of its RHA tungsten mine. [GoogleAd] George Roach, the Aim-listed company’s chief executive, yesterday said the $3,7 million sale ? which was…
FIRST Mutual Properties (FMP) says it recorded a $4,05 ,million profit for the year ended December 31, 2018 , which was a 139,57 percent increase on the prior year’s $1,7 million, largely driven by improved occupancy and rental income. “In the face of difficult broader macroeconomic environment, the group still recorded positive results for the…
© ZIMBABWE’s economic crisis is not a result of currency shortage but low production, hence government must look at the real issue, economic experts have said. Recently, Finance minister Mthuli Ncube revealed that Zimbabwe will introduce its own currency in the next 12 months, an announcement that seems to have confused the market with some…
A FOREIGN investor engaged in chrome mining activities in Lalapanzi is seeking an interdict against the imminent suspension of operations at its wash plant issued by the Mines ministry following ownership disputes with Zimbabwe Alloys Limited (Zim Alloys). The applicant is MCA Ventre Capital (Pvt) Ltd and respondents are Secretary for Mines and Mining Development,…
PRICE controls is the only way to go so that business will stop unnecessary price hikes, Information, Publicity and Broadcasting Service deputy minister Energy Mutodi has said. Mutodi said the government must take an urgent measure to stop arbitrary price increases. [GoogleAd] “For a country that has no currency of its own, no competitive industry and…
STAKEHOLDERS are calling for urgent reforms to the Public Finance Management (PFM) Act and ensuring that existing legislation is aligned to the national charter. Analysts opined this week that there are many bottlenecks that need to be attended to in order to achieve transparent and effective finance management in the country. [GoogleAd] Speaking at the…
NYARADZO Group is this year celebrating its 18th anniversary. In this Question & Answer, the group’s founder and chief executive officer Philip Mataranyika reflects on the 18-year-long journey and what lies ahead for the group, including his views on the premium review authorised by the Zimbabwe Association of Funeral Assurers (Zafa). Here are excerpts of…
UNITED States professor of economics Steve Hanke has said foreign aid will not bail out Zimbabwe from its current economic quagmire, adding the country’s problems can be solved from within. Speaking at an event organised by — Cato Institute, a think-tank based in America — Hanke said foreign aid has never bailed anyone out the…
THE agricultural sector, seen as the mainstay of the country’s economy, is now being powered by peasant farmers following the chaos that decimated commercial farming, the Daily News on Sunday can report. A survey commissioned by the Financial Gazette and the Zimbabwe Agricultural Society (Zas) — in partnership with CBZ Bank and National Foods —…
