Black market currency trading to be contained soon: Finance Minister

HARARE – Finance and Economic Development Minister Professor Mthuli Ncube says he expects the official exchange  rate to converge with the parallel market rate soon as the government  continues to implement prudent fiscal measures that do not fuel the  black market.

DPA develops two solar plants

HARARE – Distributed Power Africa (DPA), a subsidiary of Econet wireless has begun work for the construction of two solar energy plants for the dairy and beverages sector, its chief executive has confirmed.

Five options for Brexit trade explained

Maria Garcia The British prime minister’s request for another Brexit delay results from the intensity of diverging positions in the British parliament over Brexit. After a series of indicative votes,…

Asian shares dip amid caution on global growth, U.S. earnings

SHANGHAI – Asian shares weakened on Friday as trepidation ahead of the start of the U.S. corporate earnings season and underlying anxiety over the global growth outlook eclipsed some reassuring…

Rand slips after poor local manufacturing data

JOHANNESBURG – South Africa’s rand weakened past the threshold of 14.00 to the dollar early on Friday on data pointing to weak economic growth. At 0732 GMT the rand had…

Healthcare fraud to come under the microscope

HARARE – Health insurers, under the banner of the Association of Healthcare Funders of Zimbabwe (AHFoZ) will in June this year convene to discuss ways of eliminating health insurance fraud…

Govt to launch Renewable Energy and Bio-fuels Energy Policy

Kudakwashe Mhundwa & Kumbirai Tarusarira HARARE – Government will next month launch the Renewable Energy and Bio-fuels energy policy which are aimed at increasing the country`s power sources, Minister of…

Old Mutual cuts jobs

Enacy Mapakame HARARE – Old Mutual Zimbabwe Limited is this month implementing a voluntary retrenchment programme that will see the financial services group reduce its workforce by 10 percent. This…

RBZ warns over wild interest rates

The Reserve Bank of Zimbabwe (RBZ) has warned domestic banks against arbitrary hikes of lending rates and called for a fine balancing act in dealing with cost and inflationary pressures to avoid tipping over an already volatile pricing situation in the economy.

CZI lobbies for import restrictions return

Industrial lobby group, Confederation of Zimbabwe Industries (CZI), says the Government needs to quickly revert to the policy of restricting entry of low priced imported products into Zimbabwe to quicken the pace of rebuilding the manufacturing sector through organic growth.

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