Tuesday, October 16, 2018
Kudzanai Sharara Zimbabwe’s chances of accessing financial bailout are not only limited to arrears clearance to the international financial institutions amid indications the ongoing re-engagement efforts by the Government might be scuttled by continued existence of the Zimbabwe Democracy and Economic Recovery Act (ZIDERA), well-placed sources have said. It also emerged ...
Golden Sibanda in Bulawayo Zimbabwe has opened high level discussions with a major, but unnamed South African automobile parts producing company, which is interested in setting up a catalytic converters manufacturing plant in the country, according to Mines and Mining Development Minister Winston Chitando. This comes as the Government is also...
Enacy Mapakame The International Monetary Fund and the World Bank on Wednesday, backed Zimbabwe’s debt clearance strategy and the country’s two-year economic stabilisation plan, according to Finance and Economic Development Minister Mthuli Ncube. This follows a round-table meeting held between Zimbabwe’s delegations led by Ncube with global lenders in Bali, Indonesia,...
Enacy Mapakame The consumption of traditional food mainly in upmarket restaurants has been increasing in Zimbabwe in the past decade due to perceived health benefits. The more health conscious consumers become, the more they are shifting towards organic traditional food. Although the food comes with these perceived health benefits — it tends...
HARARE - The country’s biggest beverages  producer, Delta Corporation said on Thursday its half-year revenue  surged 37 percent on the back of firm consumer demand, but cautioned  the recently introduced “two cents on every dollar” tax had dampened  business confidence. The group declared an interim dividend of 2.5 cents per...
Walter Muchinguri recently in Tokyo Japan The two-day ministerial level Tokyo International Conference on Africa Development meeting that was held in Tokyo Japan last weekend noted tremendous progress in the implementation of resolutions made at the two previous meetings in 2013 and 2016. At the last meeting in Nairobi, Kenya in...
 Elita Chikwati HARARE - Korea has endorsed Africa as an important partner in the realisation of global sustainable development because of its abundant arable land which if fully utilised would contribute significantly to food and nutrition security globally. This was said by Korean ambassador to Zimbabwe Cho Jaichel at the Korea-...
 HARARE - The Zimbabwe government will channel $150 million towards the rehabilitation of sections of the Beitbridge-Harare-Chirundu highway while awaiting completion of  negotiations with Chinese construction company, AFECC for the  dualisation of the road, a Cabinet Minister has said. Acting Information, Publicity and Broadcasting Services Minister July  Moyo said Cabinet...
Walter Muchinguri recently in Tokyo JAPAN The Japan International Agency is keen to provide grant aid for infrastructure and irrigation projects in Zimbabwe that have a huge impact on Zimbabweans, an official has said. JICA's official in charge of Zimbabwe Mr Kurisu Masanori said the size of grant aid to Zimbabwe...
  Tawanda Musarurwa HARARE - Finance and Economic Development Minister Mthuli Ncube has said Government will soon announce a statutory instrument to further protect Nostro accounts. Nostro account refers to an account that a bank holds in a foreign currency in another bank. Nostros are frequently used to facilitate foreign exchange and trade transactions. “Over and...