DPC to pay $9 million to AfrAsia depositors

Ngonidzashe Chiutsi Business Correspondent THE Deposit Protection Corporation says it will pay up to $9 million to depositors who were affected by the closure of AfrAsia Bank. AfrAsia’s banking licence was cancelled…

CZI calls for internal devaluation of US dollar

Shepias Dube Business Reporter THE economic challenges facing the country are largely due to the “use of a strong currency in a weak economy” hence the need for an internal devaluation…

Bank workers cry for protection

Ngonidzashe Chiutsi Business Correspondent THE Zimbabwe Banks and Allied Workers Union has challenged the Reserve Bank of Zimbabwe and the Parliament of Zimbabwe to come up with concrete measures to save…

NSSA’s maternity levy proposal disastrous

THIS year started with so much promise that the economic challenges of the past few years were going to be a thing of the past. However, recent developments have meant that…

ZDI faces viability challenges

Dumisani Nsingo Business Reporter THE country’s sole manufacturer of arms and ammunition, Zimbabwe Defence Industries (ZDI), which is the only company that has remained on the European bloc sanctions is…

Locals lack appreciation to invest in stocks

THE dominance of the local equities by foreigners is a sign that locals still lack appreciation on the need to use the Zimbabwe Stock Exchange as an investment vehicle. Foreigners have…

Major boost for Vic Falls hotels

Roberta Katunga Senior Business Reporter TOURISM operators in the resort town of Victoria Falls have been given a temporary relief from the stresses of the low season as the town hosted…

Know your wildlife

Parakeet — African Ringneck RINGNECK Parakeets are growing in popularity among aviculturists and pet lovers around the globe. The African Ringnecked Parakeet is also known as the Rose Ringed Parakeet.…

Govt in bid to improve irrigation infrastructure

Dumisani Nsingo Senior Farming Reporter THE Government will channel most of the 88 million euros to be allocated to the agricultural sector by the European Union towards development and resuscitation of…

Egypt could raise up to $2bn in Eurobond issue

LONDON — Egypt could raise as much as $2 billion through a Eurobond this year and expects economic growth of close to 7 percent in three years’ time, Finance Minister…

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