2m kgs tobacco sold at auction

Kudakwashe Mhundwa HARARE – Tobacco deliveries at the country’s auction floors continue improve, with 2 million kilogrammes raking in $1, 2 million having been sold since the opening of the…

GMAZ downgrades contract wheat targets

Michael Tome HARARE – Grain Millers Association of Zimbabwe have reviewed the National Wheat Contract Farming Committee (NWCFC) target downwards by 60 000 tonnes to at least 90 000 tonnes…

Is Zinara’s Univern deal a PPP?

Tawanda Musarurwa HARARE – Private firm Univern Enterprises says its partnership with Zimbabwe National Roads Administration (Zinara) is a Public Private Partnership (PPP). Zinara failed to adhere to normal tender…

R9bn for local industry

Africa Moyo Government is seeking R9 billion (about US$635,8 million) loan or bond from the South African private sector, in a bid to capacitate the local industry, which is struggling…

Govt gets tough on domestic debt

Business Writer The era of reckless spending by line ministries and public entities is over as Government has started operationalising the Public Debt Management Regulations, 2019 that are meant to…

Honour TBs, banks plead

Kudzanai Sharara Not honouring Treasury Bills (TBs) maturities will have far reaching adverse consequences on the entire banking sector and the rest of the economy than honouring them, according to…

Get out of comfort zone: Minister tells industrialists

Africa Moyo Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu has called on industrialists to get out of their “comfort zone”, and explore avenues of boosting foreign currency generation to overcome…

Mthuli on interbank rate . . . IMF to assess efficacy of interbank

Africa Moyo The obtaining economic fundamentals do not provide for a huge demand for foreign currency and a spike in the interbank market rate, according to Finance and Economic Development…

Use it or lose it: Govt tells miners

Golden Sibanda In a bid to optimise returns from the country’s diverse mining sector, Government has given people holding on to idle lucrative mining claims for speculative reasons until the…

Govt raises flag over hikes

Government on Tuesday raised  concern over continued price hikes by retailers that have seen prices of most basic goods go up by more than 50 percent in the past month. The…

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