HARARE – Zimbabwe needs about $600 million in cash to achieve optimal liquidity ratios, a central bank official said. Reserve Bank of Zimbabwe (RBZ) deputy governor Kupukile Mlambo last week said while the central bank was only going to print $200 million worth of bond notes, this was not enough to bring liquidity into the…
HARARE – Gushungo Holdings Human Resources (HR) manager, Farai Jemwa, has been ranked as one of the most influential HR professionals in the world. Jemwa — who was bestowed with the honour at the recently at the World Human Resources Development Congress held in Mumbai, India — joined other powerful HR practitioners from around the…
HARARE – The Zimbabwe Revenue Authority has urged government to monitor prices of basic consumer goods as part of efforts to protect the local consumer. This comes as prices of basic consumer products have risen sharply in the last few months despite the current cash crisis and low inflation obtaining in the economy. In line…
HARARE – Zimbabwe has been ranked among the worst economies for investments flowing into the Africa. The southern African country was ranked 37 out of 54 countries by the latest Africa Investment Index 2016 by Quantum Global’s independent research arm, Quantum Global Research Lab published on Wednesday. Quantum Global is an international group of companies…
HARARE – The Zimbabwe Revenue Authority (Zimra) on Wednesday said the current cash crisis is now a nightmare that is affecting the country’s economic growth. Zimra chairperson Willia Bonyongwe said there was need for all stakeholders to come up with a solution to end the debilitating cash crisis that has resulted in people queuing for…
HARARE – Expelled Zanu PF members are rubbing their hands with glee over moves to oust national political commissar Saviour Kasukuwere, pictured, who they contend is getting “a taste of his own medicine”. This comes as six provinces have so far passed votes of no confidence in the embattled politician — also called Tyson because…
HARARE – Zimbabwe’s largest coal miner, Hwange Colliery Company Limited (Hwange), has signed two 25-year coal supply agreements with two local companies. The initiatives will see the company supplying more than 400 000 tonnes of coal per month to State-owned Zimbabwe Power Company and independent electricity producer Lusulu power. Hwange managing director Thomas Makore yesterday…
HARARE – The Zimbabwe Asset Management Corporation (Zamco) has mopped up over $500 million bad loans from the country’s banks in an effort to make them attractive to foreign investors. Finance minister Patrick Chinamasa said since the Special Purpose Vehicle began operations in 2015, it has relieved local banks allowing them to clean their balance…
HARARE – Zimbabwe’s cash-strapped government has pumped nearly $200 million into the country’s struggling parastatals. This comes as calls have been getting louder for the cash-strapped country to restructure its loss-making parastatals to make them attractive for foreign investment and recapitalisation. Market experts said the opportunity cost of missing revenue from government enterprises was being…
BULAWAYO – Zimbabwean businesses have been urged to value customer services as a way of boosting sales and increasing revenue streams. Contact Centre Association of Zimbabwe (CCAZ) southern region spokesperson Benson Mukandiwa said service excellence is now an indispensable standard of service quality every serious brand must set as a benchmark for both their internal…
