News

Zimbabwean banks have continued to  lower interest rates to stimulate borrowing in the country’s deflationary economy, latest figures from the central bank have shown. Interest rates charged by  commercial banks…

Vice-President Emmerson Mnangagwa on Wednesday asked Movement for Democratic Change-Tsvangirai Member of Parliament for Kuwadzana East Nelson Chamisa why he should be bothered about what was happening at Zimbabwe African…

First Lady Grace Mugabe became known as “Stop-it”, when she garnered for then Vice-President, Joice Mujuru., in the run-up to the Zimbabwe African National Union-Patriotic Front congress last year. The…

Vice-President Emmerson Mnangagwa yesterday told Chitungwiza North Member of Parliament Godfrey Sithole that President Robert Mugabe was healthier than him. Sithole had asked the Vice-President the state of health of…

Agro-processing firm, National Foods Holdings, is expecting to spend nearly $10 million in the 2016 financial year with the bulk of the funds going towards plants upgrade, a senior company…

Cable manufacturer Cafca today reported a 15 percent decline in net profit to $1.7 million in the full year to September as the company sacrificed margins to push local sales…

Zimbabwe’s largest gold producer Metallon Gold says it is unlikely to meet its full year target of 150 000 ounces as production at its mines has been severely affected by…

Government has failed to stem the tide of imports despite a raft of measures to restrict the flow of foreign goods, leaving local industry on the brink, the Confederation of…

Amsterdam-headquartered telecoms giant VimpelCom today announced that it had agreed to sell its controlling stake in Telecel Zimbabwe to the government of Zimbabwe for $40 million. VimpelCom, which owns 60…

Zimbabwe needs to review its free trade agreements with regional countries and enforce rules of origin regulations for imports as part of efforts to protect local companies, an industry body…