Stories

Zimbabwe, which is now using the United States dollar as its main currency, needs self-discipline to cushion itself from the vulnerabilities associated with the recent hike in interest rates by…

Central Bank governor John Mangudya says Zimbabwe needs to move away from a consumptive or supermarket economy to a productive one and curb capital flight to transform its economy. In…

Movement for Democratic Change leader Morgan Tsvangirai today warned that Zimbabwe could implode any time putting the entire Southern African Development Community at risk. “Beyond the deceptive veneer of a…

The Bulawayo City Council has agreed to grant United Kingdom-registered Pragma Leaf Consulting company permission to set up a $68 million waste-to-energy plant, which could produce 110 000 litres of…

Special economic zones (SEZs) could boost Zimbabwe’s sluggish economic growth by increasing foreign investment but need to be developed diligently, a leading local think tank has said. Zimbabwe has touted…

In most parts of the world, prices have risen steadily for decades. While some things — computers and electronic products, for example — have become cheaper over time, the prices…

Zimbabwe today tightened controls on offshore investments to plug foreign currency leakages after the country lost $1.8 billion in illicit financial flows last year — over a third by individuals.…

The United States government yesterday removed two State-owned banks, the Agricultural Development Bank of Zimbabwe (Agribank) and the Infrastructure Development Bank of Zimbabwe (IDBZ), from its sanctions list. The two…

Hospitality group African Sun has closed its Holiday Inn Beitbridge Express Hotel citing prolonged loss-making by the facility, the company said yesterday. Company secretary Venon Musimbe said over the last…

Zimbabwe and the World Bank have stepped up efforts to hammer out a financing programme, which could see the southern African country accessing funding from the institution should a debt…