Parly recommends CMED forensic audit

Fuel division yet to recover the $2,7m lost in botched fuel deal n Concerns raised over poor governance Business Writer Parliament has called for a forensic audit of the Central…

Kellogg goes all in on cereal cafes

New YORK. — Kellogg Co. is hoping that Instagram-obsessed millennials can help make cereal cool again.

President’s administration faces litmus test

Hebert Zharare Presiden Dambudzo Mnangagwa’s administration faces a litmus test.  Policy inconsistency in Government has had serious ramifications on the economy and the socio-economic well- being of Zimbabweans in general.

Govt to exempt taxes on fuel for energy generating projects

Business Writer Government’s move to exempt taxes and levies on fuel imported for approved energy generating projects will boost the sector through increased investment, although it still needs other support…

China firms ditch bonds for banks in search for funds

Shanghai. — Chinese companies are turning away from capital markets and heading back to state-owned banks to raise cash, in a reversal of Beijing’s previous efforts to modernize the way…

Sibanye to buy Lonmin for R5,17bn

Johannesburg.  — Sibanye Gold plans to buy Lonmin, marking the end of the smallest and most financially stressed of the world’s three biggest platinum miners.

We can have FDI and empowerment too

Encouraging foreign direct investment through legal and economic reforms and encouraging the economic empowerment of Zimbabwean citizens are not mutually

Fuel demand increases 30pc

Business Writer The Reserve Bank of Zimbabwe has raised the weekly foreign currency allocation for fuel imports after demand increased by 30 percent, Reserve Bank governor John Mangudya has

MMCZ to auction diamonds to Zimbabwean buyers next week

Ishemunyoro Chingwere Business Reporter The Minerals Marketing Corporation of Zimbabwe (MMCZ), will next week conduct a diamond auction for local buyers in fulfilment of Government’s directive that 10 percent of

ZB seeks $35m lines of credit to revive nostro accounts

Business Writer zB Financial Holdings is seeking $35 million lines of credit to revive its nostro accounts and also to fund local energy projects, chief executive Ronald Mutandagayi has said. Mr

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