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Nyemudzai Kakore Herald Correspondent— Funerals will now be supervised by Ministry of Health and Child Care officials, while big gatherings must be sanctioned in order for Government to contain the further spread of cholera, a Cabinet minister has said. In his ministerial statement on Cholera in the National Assembly on Wednesday,

Business Reporter Most businesses that produce or import basic products are struggling to obtain foreign currency under the Reserve Bank of Zimbabwe priority list, forcing importers to resort to parallel markets, where they get it at steep premiums, now driving the spate of price increases.

Tinashe Makichi Business Reporter Zimphos is set to complete its plant facelift as the company expects an additional $2,2 million from Reserve Bank of Zimbabwe in addition to the $5 million that has already been disbursed.

Prince Sunduzani Bulawayo Bureau— THE Reserve Bank of Zimbabwe (RBZ) has dismissed the recent increase in drug prices by up to 70 percent as unjustified because the central bank was allocating $4 million to pharmacies weekly to import drugs. According to the Association of Healthcare Funders of Zimbabwe (AHFoZ), some pharmacies increased drug prices by up to […]

Africa Moyo Business Reporter THE Reserve Bank of Zimbabwe (RBZ) is considering importing more Point of Sale (POS) machines as part of grand efforts to increase transaction points and arrest the high costs being levied by traders. This comes as 75 percent of transactions in the country are now conducted through non-cash payment systems which include POS, […]

Kudzanai Sharara Assistant Business Editor The country’s formal retail sector has not seen major expansion projects this year as the challenging economic environment has seen most consumers spending less on basic products.

The Zimbabwe Stock Exchange (ZSE) is on the verge of reaching the $10 billion mark as the rally continues unrestricted.

GOVERNMENT has completed investigations into gold mining which were triggered mainly by rampant cases of smuggling and suspected abuse of scarce foreign currency by big mining firms, Deputy Mines and Mining Development Minister Fred Moyo said last week.

ZIMBABWE’s tobacco export earnings have risen 13 percent to $380,6 million from $334,8 million, but the average price has since come off marginally.

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, Confederation of Zimbabwe Industries (CZI) revealed yesterday.

Business Reporter STANBIC Bank Zimbabwe says it has invested $88,8 million to fund the capital needs of various players in the country’s mining sector in 2016 as part of its efforts to contribute to national development.

Farirai Machivenyika Senior Reporter— European Union ambassador to Zimbabwe Philippe Van Damme yesterday paid a courtesy call on Speaker of the National Assembly Advocate Jacob Mudenda and expressed the bloc’s willingness to continue providing financial and technical support to Parliament. 

Michael Tome Business Reporter The Reserve Bank of Zimbabwe is in the process of setting up a collateral registry in line with the Movable Property Security Act which was recently signed into law by President Robert Mugabe.

Tawanda Musarurwa and Kudakwashe Mhundwa The Reserve Bank of Zimbabwe (RBZ) is seeking a $500 million facility to cover the foreign currency gap that will widen when the 2017 tobacco marketing season closes.

Business Reporter NEWLY appointed Special Economic Zones board chairman, Dr Gideon Gono says the zones must signal investor friendly disposition and should aim to attract the finest breed of investors from across the globe, but will not be hideouts for nefarious activities.