Saturday, September 22, 2018
Kudzanai Sharara The push for laws to govern blockchain technology has received a major boost, with the Reserve Bank of Zimbabwe (RBZ) pledging its support for the technology. RBZ Deputy Governor Jesimen Chipika, said the regulator will not be left behind in moving with the current technological revolution. Chipika, who was speaking...
Martin Kadzere Government should keep an eye on prices of farm inputs ahead of the summer cropping season to avoid unjust increases, Federation of Farmers' Unions has said. This comes at a time when the economy is experiencing price increases of some commodities including bread and cement, which have been described...
Enacy Mapakame The Zimbabwe Stock Exchange (ZSE) closed the week to Wednesday on a low note as losses persisted resulting in all indicators but one closing pointing southwards. The appointment of a new Cabinet nearly a fortnight ago — widely endorsed as the right prescription to Zimbabwe’s economic challenges — failed...
Kudzanai Sharara and Kudakwashe Mhundwa Edgars Stores Limited say sales merchandise for the half-year to June 2018 increased by 29 percent to $31,1 million from $24,1 percent posted in the comparative prior year. The group’s profit before tax increased by 200 percent to $2,6 million in 2018 driven predominantly by the...
Emerging markets (EM) have been in roller coaster mode since early summer, rocked by their vulnerability to a strengthening dollar and rising interest rates. Assets across Latin America and Asia have been sold off, hit by the contagion effects from currencies in crisis like Turkey’s lira. The turmoil has left investors...
Tawanda Musarurwa Listed milk processor Dairibord Holdings says it has engaged investors from New Zealand to explore the establishment of greenfield milk projects in Zimbabwe. A greenfield project — in simple terms — is a project that is built from scratch and it lacks constraints of prior work and there’s no...
Martin Kadzere Zimbabwe’s mineral export earnings rose 7 percent in eight months to August this year, to $1,03 billion from $974 million a year earlier, according to latest official statistics. The figure exclude earnings from gold and silver, which are under the purview of Fidelity Printers and Refiners, a unit of...
Golden Sibanda Government says it will engage China’s Anhui Foreign Economic Construction Company (AFECC) to resolve fresh issues that appear to have stalled progress on the implementation of the $1 billion Harare - Beitbridge Highway project. AFECC was awarded the tender for the Harare - Beitbridge dualisation last year after Austrian...
Martin Kadzere The Insurance and Pensions Commission (IPEC) is pushing to have outstanding contribution arrears to local pension funds amounting to $600 million ring-fenced and amortised over a 20-year period — to give the sponsoring employers financial breathing space to recover. The liabilities as at December 31, 2017 constituted 15 percent...
Tawanda Musarurwa Zimbabwe’s trade with China was just above $1 billion last year, and there is need to put in place measures to increase economic activities between the two countries, Zimbabwe’s Ambassador to China Paul Chikawa has said. Ambassador Chikawa said the two countries have historical strong bilateral ties, and this...