HARARE – Economists say there is need to revamp Zimbabwe’s National Statistical Office (Zimstat) inflation measuring instruments to reflect reality and to keep up with international best practices. Zimbabwe’s annual inflation slowed down to 3,63 percent in August shedding 0,31 percentage points from 3,94 percent in July, suggesting that prices are rising at a slower…
HARARE – Energy minister Elton Mangoma says Zimbabwe will continue supplying NamPower with electricity until the country clears its $40 million debt with the Namibian utility company. This comes amid reports that NamPower has extended its power supply deal with Zimbabwe for another year, to November 2014, because Zesa Holdings (Zesa) had partially failed to…
HARARE – Global payments technology company, Visa says it will be launching the “Kick the Cash” campaign in Harare aimed at driving consumers towards the use of electronic payments. The company said the move was inline with the Reserve Bank of Zimbabwe’s call for the use of plastic money as the country battles change challenges….
HARARE – The African Capacity Building Foundation (ACBF) and Makerere University have signed a $2,6 million four-year grant for the implementation of the Economic Policy Programme (EPM). The goal of the programme is to improve the performance of the public sector in eastern Africa through enhancing skills and competencies in economic policy management, as well…
HARARE – A total of 70 foreign stands have been booked for the Sanganai/Hlanganani World Travel and Tourism Africa Fair compared to 26 registered last year, indicating the country’s potential to lure more tourist arrivals despite political and economic challenges. Zimbabwe Tourism Authority acting chief executive officer Givemore Chidzidzi said responses from around the world…
HARARE – Zimbabwe Stock Exchange listed company Dawn Properties Limited (Dawn) shareholders unanimously approved the re-election of all its directors following the clinching of a compromise deal with African Sun early this year. Yesterday, shareholders of the two firms retained chairperson Tendai Chimuriwo, directors Mike Manyika, Dave Cooper, Dirk Godwasser and Phibion Gwatidzo while ASL…
HARARE – Zimbabwe is likely to achieve a 4 percent average growth rate for 2012 if its policy remains unchanged, the International Monetary Fund said in its annual review of the local economy. The IMF figure comes on the back of a forced downward review of the country’s growth targets to 5,6 percent by Finance…
HARARE – Air Zimbabwe (Pvt) Ltd (AirZim) is expected to resume regional flights within the next four weeks, Transport minister Nicholas Goche says. This follows Tourism minister Walter Muzembi’s April statement that the national airline would restart flights by June this year to support the tourism sector ahead of the United Nations World Tourism Organisation…
HARARE – Zimbabwe-focused junior gold miner, New Dawn Mining (New Dawn) this week received approval from Falcon Gold (Falgold) minority shareholders to acquire all their outstanding shares as part of its restructuring. “Pursuant to a circular provided to Falgold shareholders, the miner proposed a scheme of arrangement whereby all of the ordinary shares of…
HARARE – South Africa’s largest food and consumer products company, Tiger Brands Limited (Tiger Brands) has acquired a 63 percent stake in Nigerian Dangote Flour Mills (DFM), as the company pursues organic growth. The Johannesburg Stock Exchange-listed company, with direct and indirect interests in international food businesses in Cameroon, Chile, Kenya and Zimbabwe, said Nigerian…
