India eyes investment in Zim

Stanford Chiwanga in New Delhi India is prepared to invest big in all of Zimbabwe’s economic sectors and has challenged the new government led by President Emerson Mnangagwa to swiftly…

Industry wants more from Treasury

Tawanda MusarurwaHARARE – Industrialists have given mixed reactions over the 2019 National Budget, highlighting the need for greater financing for productive sectors and effective prioritization of foreign currency allocations.

Lifestyle diseases could scupper Africa’s rising life expectancy

Charles Shey Wiysonge People in sub-Saharan Africa are now living longer than ever before. A child born in the region today is expected to live up to 64 years on…

Rio Tinto sells stake in Namibia uranium mine to China for $107m

LONDON – Rio Tinto will sell its 69 percent stake in a Namibian uranium mine to China National Uranium Corp (CNUC) for up to $106.5 million, it said on Monday,…

Zim targets state enterprises privatisation in 24 months

HARARE – The Zimbabwean government said  on Thursday it was forging ahead with the long delayed privatisation  of over 30 struggling state enterprises that have for long depended on  the…

Zim has no forex shortages, its misused – Finance Minister

HARARE – Zimbabwe is earning enough  foreign currency to sustain the economy, but much of it is being  misdirected to unproductive uses, and siphoned outside formal  systems, Treasury bosses said…

ZAMCO disbanded

Kudakwashe Mhundwa HARARE – Government will stop further acquisitions on non-performing loans through its special purpose vehicle – the Zimbabwe Asset Management Company (ZAMCO).

Averting a plane crash: what to do about the global pilot shortage

Stephen Fankhauser & Matt Ebbatson The world is running out of experienced pilots. Supply is not keeping up with the growing demand for air travel. In Australia the effects are…

Oil prices hit year low as OPEC considers output cut

LONDON – Oil prices fell to their lowest in a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers consider cutting production…

Rand softens as trade fears offset rate hike

JOHANNESBURG – South Africa’s rand retreated in thin trade on Friday after hitting its highest level in more than three months in the previous session when the central bank hiked…