Tuesday, September 26, 2017
What is currently draining the country’s nostro balances in the absence of grain imports and while at the same time exports are going up Answer The situation is that demand for forex has gone up on account of the rebounding of the industrial sector which is in great need for feedstock,...
Mugove Chigada Zimbabwe is in camp ahead of the All Africa Golf Championship set for Victoria Falls in October. Coach Roger Bellis is down to serious business as he takes the team through training for the championships at Elephant hills from the 8th to the 14th. David Amm is part of the...
As general manager is accused of frustrating the process Tinashe Makichi The unbundling of the Civil Aviation Authority of Zimbabwe (Caaz) into regulatory and operational entities which was scheduled to be complete by the end of this year is facing fresh challenges amid indications that senior management at the State entity...
Oliver Kazunga Zimbabwe’s biggest leather tannery, Wetblue Industries, has resumed operations at 10 percent capacity use after shutting down over a year ago. The tannery, a subsidiary of the defunct Cold Storage Company (CSC) was placed under provisional judicial management in 2014 following a debt overhang of $1.5 million. In an...
The Zimbabwe Stock Exchange bull run came to a halt this week as investors started taking profits off a rally that was not supported by strong fundamentals.  At the close of the week on Thursday last week, the market capitalisation had slipped to $10,46 billion from $10,74 billion. The Industrials...
Chris Chenga The decision by the GMB to hold grain prices at $390 has received skeptical response from some observers. Most arguments against the price is that regional prices, and that of previous years on the open market reached levels as low as $280. Notes in the IMF’s Article 4 Consultation...
Africa Moyo Ministers and their permanent secretaries will have their wings clipped when the Public Entities Corporate Governance Bill becomes law, amid indications they will no longer hire and fire parastatal boards without involving the Office of the President and Cabinet. This will put to rest the current norm where newly...
Hebert Zharare Two directors in the Ministry of Transport and Infrastructural Development, who are part of four senior officials suspended for attempting to block a probe into rampant abuse of public funds meant for rehabilitation of countryside roads have been freed on a technicality. Business Weekly understands that the directors Angeline...
Business Writer Premier healthcare institution, The Avenues Clinic is investigating suspected procurement irregularities involving senior executives amid fears the Harare-based hospital could have suffered heavy financial prejudice running to millions of dollars. The irregularities involve possible improper conduct on procurement by former and current senior executives and managers, sources familiar with...
Happiness Zengeni and Chris Chenga At the start of the year, Econet Wireless Zimbabwe made headlines when it announced plans to pursue a rights issue. Diverse narratives came with this announcement. All were interpreted with some controversy. In Econet’s case, the company communicated the need to settle foreign debts and downplayed...