Invictus clears land for oil and gas project

Business Writer  Invictus Energy, which is exploring for oil and gas in Muzarabani, has commenced ground breaking and clearance at the seismic camp location ahead of the arrival of equipment and crew for…

Gvt repossesses 80 mining concessions

Business Writer  GOVERNMENT has successfully repossessed over 80 mining concessions under the “use-it or lose it” policy and a formal announcement will be made in due course, Mines and Mining…

Zimre sees positives in reconsolidation

Business Writer Listed diversified financial services group, Zimre Holdings Limited (ZHL), reported a positive first quarter performance as it gears up to remodel its reconsolidated operations.  Last year, ZHL concluded…

Economy still handicapped but better

The Zimbabwe economy is still handicapped even though economic figures are certainly better than nine months or so ago, according to economist John Robertson.

Supreme Court trashes Gwanda solar contract ruling

The Supreme Court has quashed a 2019 High Court judgment, which validated the contract between Intratrek Zimbabwe and Zimbabwe Power Company (ZPC) for the multi-million dollar Gwanda solar project.

RBZ to restructure onerous Afreximbank loans

The Reserve Bank of Zimbabwe (RBZ) is working on restructuring its debts with African Export-Import Bank (Afreximbank) amid concerns that the loans are an onerous burden to the economy.

RBZ disburses US$1,7bn to over 3 000 importers

The Reserve Bank of Zimbabwe (RBZ) has disbursed US$1,176 billion for critical imports to over 3 000 importers since the inception of the weekly auction in June last year.

Imported software blamed for high banking charges

FINANCE and Economic Development Deputy Minister Clemence Chiduwa has said the cost of imported software is a major driver of high bank charges being levied by financial institutions to depositors.

Treasury commences stakeholder input for mid-term budget

Treasury is currently in the process of taking in input for the upcoming mid-term fiscal review, as well as the 2022 Budget Strategy paper (BSP) from key stakeholders. 

Bill to expunge legacy debts on cards

Payment of legacy debts could take a bit longer depending on the route affected parties would have chosen to have the debts expunged, Business Weekly has learnt.

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