ZITF increases exhibition space

Business Writer The Zimbabwe International Trade Fair (ZITF) Company has increased exhibition space for this year’s showcase to 50 380 square metres from 49 307 square metres in 2018 in…

Did you know?… History of the ‘Golden’ leaf board TIMB

Fradreck Gorwe The history of the present day Tobacco Industry and Marketing Board (TIMB) and the golden leaf itself is in remote antiquity with precolonial times when farmers grew a…

Old Mutual braces for Cyclone Idai claims… Group has quite a number of customers in the area

Financial services group, Old Mutual Zimbabwe anticipates an escalation in insurance claims emanating from the recently vicious Cyclone Idai that battered South Eastern parts of the country mid-March. The devastating incident affected varied economic sectors in Manicaland forcing big corporates and small to medium enterprises to close shop or downscale operations.

Global economy has lost momentum: Lagarde

Global growth has lost momentum since the start of the year, leaving the world economy in a “precarious” position, IMF managing director Christine Lagarde said. The global economy has weakened…

BCC to tap energy from graveyards

Vusumuzi Dube, Municipal Reporter  THE Bulawayo City Council (BCC) will soon be embarking on an ambitious project to turn its cemeteries into solar farms as the local authority pushes the concept…

Edible oils producers stare at US$100m debts

Golden Sibanda COOKING oil producers are buckling under US$100 million external payments debts, as foreign currency shortages in the country continue taking a toll on their operations. Similar challenges last…

Stock Market Weekly Review

The Zimbabwe Stock Exchange returned to the black last week as all indicators closed the week pointing northwards. Market watchers believe the tobacco selling season will significantly help the foreign currency shortages and improve liquidity on the market that have been negatively affecting the economy. Tobacco is the second single largest foreign currency earner after gold.

Civil servants welcome pay hike deal

Auxilia Katongomara, Chronicle Reporter  CIVIL servants yesterday welcomed the cost of living adjustment announced by the Government on Wednesday. They, however, said Government should periodically review their salaries and conditions of…

World trade to grow slower in 2019: WTO

World trade shrank by 0,3 percent in the fourth quarter of 2018 and is likely to grow by 2,6 percent this year, slower than 3,0 percent growth in 2018 and…

The decade of de-leveraging that wasn’t

This was the decade of de-leveraging that wasn’t. A decade ago, as the world began to piece the financial system back together after an epic credit crisis, there was agreement on one thing: Too much debt had caused the crisis, and so there must be a huge de-leveraging. It has not worked out like that.

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