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Mbeki to attend Zim diamond conference

Mbeki to attend Zim diamond conference

FORMER South African President Thabo Mbeki is scheduled to participate at the Zimbabwe Diamond Conference in Harare to be held between November 6 and 7 as the county is struggling to crawl out of a decade long economic decline. The  first-ever diamond conference was in ... Read More »

Govt avails € 1.2m to revive cotton ginneries

Govt avails € 1.2m to revive cotton ginneries

The government has set aside € 1.2 million of the €4,2 million grant availed to Zimbabwe by the Common Market for Eastern and Southern Africa (COMESA) meant for the recovery of the cotton and clothing sector, for the resuscitation of cotton ginneries in the country. The ... Read More »

Byo to host HAZ annual congress

Byo to host HAZ annual congress

BULAWAYO is expected to host the Hospitality Association of Zimbabwe (HAZ) annual congress next week which coincides with the association’s 70 year anniversary. Last year’s congress was in Victoria Falls. About 150 delegates are set to attend the three day event whose major highlight would ... Read More »

Byo based finance expert pens book

Byo based finance expert pens book

BULAWAYO based finance expert, Edward Ingram, is working on a four part book that he hopes will positively transform the global financial services industry. Ingram who is 74 years, trained as a scientist and engineer. He grew up and  worked in the United Kingdom for ... Read More »

$5m boost for Archer Clothing

$5m boost for Archer Clothing

Bulawayo’s clothing manufacturing giant, Archer Clothing Company is set to operate at full capacity following a $5 million recapitalisation injection from Paramount Garments. The clothing firm has been facing operational constraints forcing it to be placed under judicial management in 2010. As a result of ... Read More »

Farmers cry foul over illegal imports

Farmers cry foul over illegal imports

UNSCRUPULOUS businesspeople are still bringing in farming produce into the country through illegal entry points despite a ban imposed by government to protect local markets. The government banned the importation of perishable and horticultural products during the start of the year in a bid to ... Read More »

Govt urged to speedily finalise investment deals

Govt urged to speedily finalise investment deals

The business community in Bulawayo has expressed dissatisfaction at the slow pace at which government is finalising deals with foreign investment partners which can be a panacea in resuscitating critical sectors of the economy. Contributing at a business breakfast meeting on Wednesday, business executives said ... Read More »

Byo residents dismiss Govt proposal on RBZ debt

Byo residents dismiss Govt proposal on RBZ debt

BULAWAYO residents have vehemently declined to inherit the Reserve Bank of Zimbabwe  (RBZ) debt of $1, 2 billion, saying citizens in the city are already over-burdened. Presenting their views before a Parliamentary Portfolio Committee on Finance and Economic Development at the Bulawayo Small City Hall, ... Read More »

Debt Assumption Bill public hearings begin

Debt Assumption Bill public hearings begin

THE Finance and Economic Development Portfolio Committee has started conducting public hearings to gather views on the proposed Reserve Bank of Zimbabwe (RBZ) Debt Assumption Bill. If the bill is adopted, the government will offload the burden from the central bank to tax payers. In ... Read More »

Company relocations: No greener pastures in Harare

Company relocations: No greener pastures in Harare

COMPANIES that relocated to Harare from Bulawayo seeking better business prospects in the capital also collapsed there due to the economic crunch, contrary to beliefs they were doing well, a senior government official has said. In the wake of a non-performing economy, many companies ditched ... Read More »