Wednesday, January 16, 2019
The African Export-Import Bank (Afreximbank) has confirmed holding talks with a Zimbabwean delegation led by Finance and Economic Development Minister Professor Mthuli Ncube  in connection with a $500-million nostro stabilisation facility. Zimbabwe, which is going through a damaging foreign currency crisis, is looking for stabilisation facilities while at the same...
Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy, oil ministry and company officials said. The most populous Arab nation is seeking to transform itself into a gas re-exporting hub on the...
Government has embarked on a price monitoring system along the production chain, from manufacturers to retailers, as part of measures to flush out economic saboteurs. It also resolved that manufacturers and suppliers of basic commodities and medical drugs should revert to the pricing system that recognises the guaranteed convertibility...
Zimbabwe will not import maize as it has become food secure, with farmers having so far delivered 1,1 million tonnes to the Grain Marketing Board for the 2018 marketing season, thanks to the successful Command Agriculture programme. GMB officials said they expected the delivered maize to reach 1,2 million tonnes...
Most pharmacies in and around the city have increased prices for medicines and they are not accepting any form of payment apart from United States dollars. A survey conducted by The Herald revealed that most people who wanted to purchase medicines using medical aid, swipe and EcoCash were being turned...
Michael Magoronga Zimbabwe Electricity Supply Authority (ZESA) has cut off power supply to Kwekwe based ferrochrome producer, Portnex Private Limited over a bill estimated to be hovering above $28million. Portnex is producing ferrochrome using the Zimasco Western Plant on a 5 year lease agreement. ZESA Holdings Public Relations Manager Mr Fullard Gwasira...
Tawanda Musarurwa HARARE - Professor Mthuli Ncube has replaced Patrick Chinamasa as Zimbabwe’s Minister of Finance as President Emmerson Mnangagwa announced his new cabinet this afternoon. Prof Ncube is expected to drive the new Government’s drive towards economic revival. Prof Ncube is a financial, economics, investment, and public policy expert and has...
Enacy Mapakame HARARE - Zimbabwean youths in the tourism sector are joining their regional counterparts in lobbying for more conducive environment for their participation in the sector as they move towards boosting its global market share and contribution towards the economy. At a conference to be held in Bulawayo from 19 to...
Tawanda Musarurwa Bank loans are estimated to have increased to $3,8 billion last year from $3,69 billion, as the sector crept towards its highest level in loan book size post-dollarisation. The record of $4,01 billion was set in 2014. But is the economy really benefiting? An analysis of the numbers say: “Not...
With the Easter crowds, we take a look at the method and madness behind the venerable institution of queuing What is a queue? The word queue comes, via French, from the Latin cauda, meaning “tail.” Most researchers in the field prefer the spelling “queueing” over “queuing”, although the latter is somewhat...