Manufacturers ditch black market . . . Parallel market premiums drop to around 20pc

Business Reporter LOCAL MANUFACTURERS sourced only 3 percent of their foreign currency needs from the parallel market last year, representing a dramatic drop from 15 percent a year earlier, as…

Forex reserves inch towards US$1 billion: What it means

Tawanda Musarurwa Check Point Desk THE Zimbabwe dollar — which preceded the new currency, Zimbabwe Gold (ZiG), that was introduced on April 5 last year — was often plagued by…

ZITF roars to life

Nqobile Bhebhe, Senior Business Reporter THE 65th edition of the Zimbabwe International Trade Fair (ZITF) roars into life tomorrow in Bulawayo, with expectations high that the iconic trade jamboree will…

EASTER: REMEMBERING THE LIVING AND THE DEAD . . . tombstone unveilings spawn a huge thriving industry

Theseus Shambare LOCAL Easter holiday celebrations have significantly evolved over the years. The Christian holiday, traditionally marked by joyful hymns in church services and the exchange of Paschal greetings, now…

President rallies nation to prayer

Blessings Chidakwa in Masvingo President Mnangagwa, who is today expected to attend the Zion Christian Church (ZCC)’s annual Easter Passover festival at Mbungo Estates in Bikita, Masvingo Province, said it…

Munetsi gets praises ahead of Old Trafford clash

Zimpapers Sports Hub THE stage is set for a thrilling showdown at Old Trafford today, and for Zimbabwe, at the centre of it all is Wolves midfielder Marshall Munetsi. It…

WATCH: Elvis ‘Bomber’ challenged

Lovemore Dube, Deputy Sports Editor EXTREME Fighting Championships (mixed martial arts) heavyweight prodigy Elvis “Bomber” Moyo has been challenged to help grow the sport in Zimbabwe. Moyo, a former boxer and…

Church caught up in City Hall bookings fraud

Sikhumbuzo Moyo, Check Point Desk THE Bulawayo City Council (BCC) has set legal action in motion against Spirit Embassy Ministries over a fraudulent hall booking scheme that saw the church…

Drug theft syndicate exposed at local hospitals

Robin Muchetu/ Michelle Musandinyoze, Health Reporters A WELL-ORGANISED syndicate of hospital workers has been implicated in the theft and sale of medicines destined for public health facilities with reports indicating…

Manufacturers shun black market as formal forex access improves

Tapiwanashe Mangwiro, Zimpapers Business Hub ZIMBABWE’S manufacturing sector dramatically reduced its reliance on the parallel foreign exchange market in 2024, sourcing only 3 percent of its foreign currency needs from…

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