Business

Nedbank Zimbabwe recently installed 10 toilet facilities and plumbing infrastructure at Chikurubi Female Prison as part of the leading bank’s corporate social responsibility programme. The bank officially handed over the toilets and a variety of foodstuffs and other essential products such as sanitary pads to the female prison on International Women’s Day. [GoogleAd] Nedbank Zimbabwe executive…

Harare recorded a 23 percent decline in revenue collection from the informal sector in 2018. According to the informal sector committee minutes, inadequate funding for the informal sector projects was one of the reasons. The poor revenue collection comes as Harare is now looking for partners to construct adequate structures after removing vendors from the streets….

Export retention thresholds imposed by government on the productive sectors are a temporary measure meant to create confidence in the market, Reserve Bank of Zimbabwe governor John Mangudya has said. In the monetary policy presented last month, Mangudya said the export retention thresholds are meant to allow exporters to benefit from the inter-bank foreign currency market…

Premier African Minerals says it is scaling up activities in Zimbabwe with the resumption of drilling at its lithium assets at Fort Rixon near Bulawayo. The Aim quoted resources firm is one of at least three firms that are actively pursuing lithium opportunities in Zimbabwe, where government hopes to turn around its flagging fortunes by exploiting…

Harare City Council is inundated with applications by investors who want to partner in the construction of new markets. Director of Housing and Community services Addmore Nhekairo said hundreds of applications have been received and the city was now processing them. [GoogleAd] Currently, council has designs for the markets; they have been completed and what was…

If government does not prioritise the provision of foreign currency to local authorities for the procurement of water treatment chemicals, many councils will be forced to stop pumping water, Urban Councils Association (Ucaz) president Josiah Makombe said. In an interview with the Daily News yesterday, Makombe said many councils had now run out of water treatment…

Zimbabwe will secure its latest fibre optic connection to the outside world tomorrow, with the official launch of the Harare-Chivhu-Masvingo-Beitbridge Internet link completing the connection of the country to all the major borders. [GoogleAd] The $98 million project, to be officially launched by President Emmerson Mnangagwa tomorrow in Beitbridge, caps the latest laying of a…

CBZ Holdings (CBZ) says it has trained over  3 000 young entrepreneurs in the last three years, as the financial institution moves towards promoting financial inclusion and new startups. Blessing Mudavanhu, the group’s chief executive, on Friday said the country’s largest financial institution was providing a platform for previously unbanked young people to participate in…