Tuesday, July 7, 2015
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Business

Public Debt Management Bill gets backing

Economic analysts in Bulawayo have thrown their weight behind the Public Debt Management Bill saying it has the potential of abating the country’s ballooning domestic and external debt if it is passed into law. The Parliamentary Portfolio Committee on Finance and Economic Development recently concluded ... Read More »

Zimbabwe phasing out inflation-battered local currency

Zimbabwe phasing out inflation-battered local currency

Zimbabwe is phasing out its local currency, the central bank says, formalising a multi-currency system introduced during hyper-inflation. As inflation hit six years ago, foreign currencies like the US dollar and South African Rand came into use. From Monday, Zimbabweans can exchange bank accounts of ... Read More »

Excessive tariffs stall independent power projects

Excessive tariffs stall independent power projects

The excessive tariffs being imposed on Independent Power Producers (IPPs) by several government departments are preventing energy projects from taking off, an industry expert has said. Zimbabwe, whose current power generation capacity can only meet half its peak electricity demand of 2,200MW, needs IPPs to ... Read More »

TelOne, NetOne unwilling to settle debt: Econet

TelOne, NetOne unwilling to settle debt: Econet

TELECOMMUNICATIONS giant Econet Wireless Zimbabwe is owed $26,3 million in interconnect fees by government owned network providers, Tel One and NetOne. According to the company’s audited abridged financial results for the year end 28 February 2015, Tel One and Net One have been failing to ... Read More »

Nettcash spreads its wings

Nettcash spreads its wings

New mobile money transfer company , Nettcash is spreading its wings to the rest of the country as there are plans to open an office in Bulawayo as part of its strategy to increase its subscriber base. Nettcash, launched early this year enables users to ... Read More »

Chidakwa applauds PPPs

Chidakwa applauds PPPs

By Samantha Ndebele The Minister of Mines and Mining Development Walter Chidakwa has applauded Public Private Partnerships  (PPPs) for assisting in the development of government institutions. Chidakwa said this at the official handover of perimeter wall and gate steel structure by platinum mining giant, Mimosa ... Read More »

Prioritise value addition, VP Mnangagwa urges Industry

Prioritise value addition, VP Mnangagwa urges Industry

Zimbabwe’s manufacturing industry should seriously start prioritising value addition and beneficiation on raw materials before it exports because the country is losing out on profitable returns, vice President, Emmerson Mnangagwa has said. Giving the keynote speech at the 2015 Zimbabwe International Business Conference Tuesday, VP ... Read More »

TelOne, NUST sign MOU

TelOne, NUST sign MOU

TELONE and the National University of Science and Technology (NUST) have signed a Memorandum of Understanding, which will see the telecommunications company tapping into the learning institution for research to make it more relevant and competitive in Zimbabwe’s communication sector. The MoU signed by Telone ... Read More »

Mnangagwa to officiate at ZITF business conference

Mnangagwa to officiate at ZITF business conference

VICE President Emmerson Mnangagwa will this year officiate at the Zimbabwe International Trade Fair’s (ZITF) International Business Conference. Previously, this was the preserve of ousted vice president, Dr Joice Mujuru. VP Mnangagwa’s key note address will centre on “Accelerate Implementation of ZimAsset through value addition ... Read More »

Bimha: Special Economic Zone models, NCC shaping up

Bimha: Special Economic Zone models, NCC shaping up

Special Economic Zone models and the National Competitive Commission (NCC) which have been cited as critical in the socio-economic transformation are said to be shaping up in the wake of economic recovery in the country. This was revealed by the Minister of Industry and Trade ,Mike Bhima ... Read More »