Finance and Economic Planning Minister Patrick Chinamasa flanked by his wife Monica pose for pictures on arrival for the 2018 budget presentation at parliament building in Harare today - Picture by Kudakwashe Hunda

‘No quick fix to cash shortages’

Martin Kadzere Senior Business Reporter Finance and Economic Planning Minister Patrick Chinamasa, on Friday said the prevailing cash shortages will not disappear “overnight”, and urged people to be p...
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Telcos revenue jumps 19pc

Enacy Makame Business Reporter ZIMBABWE’s telecommunications companies registered a 19 percent growth in cumulative revenue to $292,7 million in the third quarter to September 2017, compared to $244,...
Zimasco,  has started making efforts towards liquidating debt owed to various creditors while a scheme of arrangement is in the pipeline

Zimasco strikes deal with creditors

Munyaradzi Musiiwa Midlands Bureau KWEKWE based chrome smelting company, Zimbabwe Mining and Smelting Company (Zimasco), has agreed on a scheme of arrangement with its creditors and is set to be remo...

US stocks bullish

U.S. stock futures pointed to a higher opening for Wall Street on Friday, helped by gains for global stock markets after Britain secured EU agreement to move on from the first-round of Brexit negotia...

NPLs drop to 8,63 percent

Livingstone Marufu Business Reporter Non-performing loans (NPLs) dropped to 8,63 percent this year from 20,5 percent in 2015, raising expectation the financial services sector is becoming more stable...
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Govt to extend amnesty on outstanding taxes

Kudzanai Sharara Assistant Business Editor Government will extend amnesty measures on outstanding taxes that were accrued prior to December 1, 2017, Finance and Economic Development Minister Patrick ...
Minister Chinamasa

Govt mobilises $266m for Command Agric

Business Reporter Government has mobilised $266 million to fund the second phase of Command Agriculture, while 1,8 million villagers are expected to benefit from Presidential Input Support Scheme und...
The new policy comes amid concerns the country had been operating under a competition framework without a guiding policy

CTC launches competitiveness policy

Business Reporters ZIMBABWE’S Competition and Tariff Commission (CTC) has unveiled a National Competitiveness Policy to regulate mergers and acquisitions with a view to thwart anti-competitiveness ag...
Minister Gumbo

NRZ rehabilitates Chiredzi railway line

Walter Mswazie in Chiredzi THE National Railways of Zimbabwe (NRZ) yesterday commissioned a $10 million rehabilitated railway line in Chiredzi. The investment, a joint venture partnership between Gov...