Business

Zimbabwean mobile network operators (MNOs) are up in arms with Potraz over the ICT industry regulator’s alleged intransigence over the operators’ pricing adjustment application. [GoogleAd] Sources say since the new Monetary Policy Statement (MPS) was announced on February 20, 2019, operators have been pushing Potraz to review the call charges upwards.  The monetary statement effectively…

Internationally acclaimed local economist Tony Hawkins says Zimbabwe’s economic revival hinges on the building of consensus between the ruling Zanu PF and the country’s main opposition, the MDC. [GoogleAd] Hawkins, an economics professor who founded the Graduate School of Management at the University of Zimbabwe, made the remarks at a recent breakfast meeting hosted by the…

The Daily News on Sunday’s Jeffrey Muvundusi sits down for a wide-ranging interview with Affirmative Action Group (AAG) regional president Reginald Shoko. Below are excerpts of the interview Q: What is AAG all about, what is your mandate? A: AAG is socioeconomic organisation which focuses on the empowerment of the ordinary people who were previously…

AFRICAN cities are experiencing devastating water shortages as their populations continue to grow. These water shortages have led to sanitation problems, which can contribute to the incidence of diseases like cholera and typhoid fever. [GoogleAd] The African Development Bank estimated last year that it would require as much as $66 billion (R950 million) to provide…

THE Reserve Bank of Zimbabwe (RBZ) has allocated US$28 million to millers in about 12 months for the importation of wheat. According to a statement released by the Grain Millers Association of Zimbabwe (Gmaz), the imported wheat was used to complement the country’s local wheat and to supply bakers with flour nationwide. [GoogleAd] Gmaz chairperson…

ZIMBABWE should not rush to pay its external debts until an official audit has been done to ascertain the validity of the arrears, a local pressure group has said. The southern African country is reeling from a US$18 billion debt, with nearly US$9 billion being owed to external creditors, and government has committed to repay…

ZIMBABWE’S tobacco deliveries slumped to its lowest levels ever after farmers brought in 3 886 kilogrammes of the golden leaf on the first day compared to 165 105kg in 2018, showing a 97,65 percent decrease. [GoogleAd] Statistics from the Tobacco Industry and Marketing Board (TIMB) show that tobacco farmers earned a paltry $7 116 on…