HARARE – Zimbabwe’s business community on Friday launched the Africa and Investment Hub, a vehicle to boost trade and investment in the country. The African Trade and Investment Hub is an investment vehicle with representation in South Africa, Nigeria and the USA. The Zimbabwe chapter launch hosted by Buy Zimbabwe was launched in Harare with…
HARARE – Lucky subscribers of NetOne’s mobile money service, OneMoney, have been paid back the money they used to pay school fees through the service, as part of a promotion being run by the mobile network operator. The promotion dubbed “OneMoney 100 percent School Fees Back Promotion”, started on April 22 and runs until May…
HARARE – Zimbabwe’s gold production is projected to rise to a record 30 tonnes year as producers’ ramp up output, Finance and Economic Planning minister Patrick Chinamasa has told Parliament. Chinamasa said gold production has been rising steadily, buoyed by higher output from small and informal producers. “As the august House will be aware, we…
HARARE – Hwange Colliery Company Limited (HCCL) says it has been paying monthly instalments to its employee creditors since December, 2017, and it will continue until the $70 million arrears are paid in full. This is in accordance with the provisions of a scheme of arrangement agreed upon last year. HCCL board chairperson Andrew Lawson…
HARARE – The circus behind the country’s new national airline, Zimbabwe Airways, has reached fever-pitch with the government now moving to remove former president Robert Gabriel Mugabe’s initials from one of the company’s planes. Transport minister Joram Gumbo said the initials were causing confusion, hence the latest decision to remove them. There was outrage in…
HARARE – Players in the local insurance industry will in three years’ time be required to adopt a new version of the International Financial Reporting Standard 17 (IFRS 17) issued by the International Accounting Standards Board (IASB). Experts told The Financial Gazette that the new regulations, which come into effect in 2021, could see insurers…
HARARE – The Zimbabwe Asset Management Corporation (Zamco) says it intends to dispose some of its shareholding in Starafrica Corporation (Starafrica) if the sugar producer’s stock price reaches three cents. Zamco acquired control of Starafrica following the company’s debt to equity conversion earlier this year, which was the company’s effort to clean up its balance…
HARARE – The Tobacco Industry and Marketing Board (TIMB) says farmers who do not destroy their golden leaf stalks by next Tuesday will be prosecuted. According to the country’s regulations, farmers are expected to comply with the Plant Pests and Diseases Act to prevent the carryover of diseases and pests to the next farming seasons….
HARARE – The Member of Parliament for Uzumba, Simbaneuta Mudarikwa has called on government to scrap the $50 000 licensing fees for growers of cannabis saying the fee was too steep. Contributing to the National Assembly’s question time on Wednesday, Mudarikwa — who first unsuccessfully introduced the cannabis debate in 2011 — said the gazetted…
HARARE – Labour minister Petronella Kagonye yesterday claimed striking Hwange Colliery workers and their wives were being influenced by opposition parties. Responding to questions during the National Assembly question time about the strike, Kagonye said: “At first, I initially thought it was a labour issue but when I visited the mine to get the details,…
