News

Zimbabwe’s plan to clear its arrears with international creditors by April 2016 was approved by the International Monetary Fund, World Bank and African Development Bank yesterday, Finance Minister Patrick Chinamasa…

Clothing retailer Truworths reported a 20 percent increase in retail sales in the 11 weeks from its July 12 year-end but struggled in the year leading to that, with revenue…

Low cost airline Fastjet said it has been granted an Air Operator Certificate (AOC) by the Civil Aviation Authority of Zimbabwe, giving it a licence to operate both domestic and…

Tourism Minister Walter Mzembi yesterday told Parliament that shebeens, homes where people can buy liquor but are illegal, will soon be legalised and rebranded Home Hospitality Centres which can even…

The Confederation of Zimbabwean Industries (CZI) yesterday released results of its Business Confidence Index (BCI) and Purchasing Managers Index (PMI) which showed an economy teetering on the brink of recession.…

Mabvuku-Tafara legislator James Maridadi said yesterday he has been receiving deaths threats and on Monday a live bullet was placed at the doorstep of his home. He told Parliament that…

Zimbabwe’s manufacturing capacity utilization – a measure of industry’s use of installed productive potential – is seen flat at 36 percent with aggregate demand falling due to squeezed family incomes,…

Zimbabwe’s largest telecommunications company, Econet Wireless, will lay off an unspecified number of workers as it grapples with declining revenues and the effect of taxes imposed over the past year.…

President Robert Mugabe must address the succession issue because investors want to be assured of stability beyond his tenure before they can put their money into the country, Mutasa Central…

The central bank says the United States dollar is overvalued in Zimbabwe, hurting export competitiveness with exports remaining subdued against a huge import bill and urged government to undertake internal…