PROFIT INCREASE

Zim exports up 40 percent

Oliver Kazunga Senior Business Reporter ZIMBABWE’S exports increased by 40 percent to $3,5 billion between January and November last year compared to $2,5 billion during the comparable period in 2016...
Reserve Bank of Zimbabwe

Zim economy poised to grow 4pc

Innocent Ruwende in Victoria Falls THE economy is projected to grow by four percent next year driven by a positive sentiment spurred by the new political dispensation and anticipated good agriculture...
Dr Mangudya

Illegal currency dealers counting losses

Ishemunyoro Chingwere Business Reporter Some illegal currency dealers who stocked the US dollar over the weekend in anticipation of a monumental collapse of value of bond notes are beginning to count...
Dr Jinya

Cash shortage affects banking sector jobs

Africa Moyo Business Reporter The switch to high-percentage electronic banking, fed by the prevailing cash shortage countrywide, is reportedly taking toll on job security in the banking sectors amid ...
Busisa Moyo

Government lifts soyabean import ban

Business Reporter Government has suspended a moratorium banning the importation of soyabean into the country in an effort to ensure reliable supply of edible oil in the country, oil producers have co...
Cotton output increased to 70 000 tonnes, up from 28 000 tonnes produced during last season

Cotton production up 150 percent

Business Reporter ZIMBABWE’S cotton production increased 150 percent this year, largely driven by Government’s free input support programme, according to official statistics.
Government is currently seized with efforts to plug leakages of key minerals mainly gold and diamonds

Plug gold leakages, add value — President

Africa Moyo Business Reporter PRESIDENT Mugabe says beneficiation and value addition, and a deliberate policy to curb rampant leakages of precious minerals especially gold, are central to realising m...
Mr Jabangwe

Errant banks divert forex allocations

Business Reporter Some errant banks could be diverting to other uses, foreign currency allocated to companies by the Reserve Bank of Zimbabwe (RBZ) towards procurement of critical imports, Confederat...
Dr Mangudya

$300m more bond notes to hit market

Happiness Zengeni and Taurai Mangudhla— THE Reserve Bank of Zimbabwe (RBZ) has secured close to $1 billion in facilities to ease foreign currency shortages, while it has selectively increased e...
Buyers bid for the golden leaf at the official opening of the tobacco selling season at Boka Auction Floors in Harare

Tobacco sales hit $490m

Runyararo Muzavazi Herald reporter— A total of 166,8 million kilogrammes of tobacco worth $489,3 million have been sold since the 2017 marketing season opened in March, latest statistics from t...
Prof Moyo

Students grants back next year: Moyo

Pamela Shumba Bulawayo Bureau GOVERNMENT will bring back student loans and grants starting next year in an effort to improve skills and manpower development, a Cabinet minister has said.
President Mugabe and Vice President Emmerson Mnangagwa greet MDC-T parliamentarians before the National  Budget presentation by Finance and Economic Development Minister Patrick Chinamasa in Harare yesterday. — (Picture by John Manzongo)

Bond notes to spur demand: Chinamasa

Golden Sibanda Senior Reporter— FINANCE and Economic Development Minister Patrick Chinamasa says the recently introduced bond notes will spur private consumption and in the process boost the co...