Business News 

Parliament doubts Ncube’s growth figures

PARLIAMENT has described Finance minister Mthuli Ncube’s projected economic growth for 3% next year as unrealistic given the acute electricity shortages and drought facing the country. Ncube last month proposed a $636 billion national budget for 2020 where he focused that the economy would bounce back from a -6.5% decline this year. He said the revival would be driven by… Read More
Business Discussion News 

Diasporans to pay more in passport fees

Harare Bureau GOVERNMENT has authorised the Civil Registry Department to charge US$318 for passport applicants in the diaspora while local charges remain unchanged. Last month Government revealed that passport fees would be increased significantly to enable the Registrar-General’s office to clear the huge backlog. Addressing the media yesterday, Home Affairs and Cultural Heritage Minister Kazembe Kazembe said: “The Ministry is… Read More
Business Celebrities News 

NGAIBAKE:Nash Paints holds special event to honour Macheso

Advertisement UNDISPUTED Sunguru music kingpin Alick Macheso is set to be honoured by Nash Paints today at a special event to be held at ZimParks Gardens. Macheso has been brand ambassador of Nash Paints since its inception, effectively becoming the face of Nash Paints on most of its outdoor media billboards and other campaign materials such that he has come… Read More
Business Discussion News Weird & Bizarre World News 

UN expert: Zimbabwe hunger ‘shocking’ for country not at war

‘I urgently call on government, all political parties and international community to put an end to this spiraling crisis’ HARARE — Zimbabwe is on the brink of man-made starvation and the number of people needing help is “shocking” for a country not in conflict, a United Nations special expert on the right to food said Thursday. Hilal Elver said she… Read More
Business News Science Technology World News 

Zimbabwe signs 2,000MW solar power deal with UAE

Zimbabwe and the United Arab Emirates (UAE) have signed a 2 000 megawatts solar power deal, which will go a long way in solving Zimbabwe’s power deficit once implemented in 18 months. The first phase is production of 1 000MW, roughly the same size as Kariba South Power Station’s output, when operating at full throttle. This was said by President… Read More
Business News Politics Religious 

Zimbabwe church intervens to mediate between govt and fired junior doctors

HARARE – Fired doctors have 48 hours to return to work without reapplying or being asked many questions, President Mnangagwa has said in response to a request by Catholic bishops. The doctors were dismissed after being found guilty of absenteeism following a court ruling declaring their strike illegal. Disciplinary hearings were then instituted by the Health Services Board (HSB) against… Read More
Business Development Discussion Education Inspirational News 

Strive Masiyiwa dangles offer to doctors in bid to break 3-month strike

Offer for doctors … Strive Masiyiwa and his wife Tsitsi Masiyiwa during the 23rd Opera Gala ( Festliche Operngala, Aidsgala ) at Deutsche Oper Berlin on November 5, 2016, in Berlin, Germany JOHANNESBURG, South Africa – Telecoms tycoon Strive Masiyiwa will seek to break a three-month strike by Zimbabwean doctors by offering them an extra ZWL$5,000 (US$310) monthly, his foundation… Read More
Business News Weird & Bizarre 

RBZ raids US$3,2bn in depositors’ funds

BRIDGET MANANAVIRE THE Reserve Bank of Zimbabwe (RBZ) raided depositors’ accounts, wiping out US$3,2 billion in the process, before introducing bond notes in 2016 and eventually outlawing the use of foreign currency in a grand heist which left individuals and companies high and dry, a parliamentary inquiry has found. The introduction of the bond notes also led to the destruction… Read More
Business News 

RBZ To Introduce Higher Denomination Currencies

Government will soon unveil higher denominations of money to bring convenience to the transacting public but has to do so with caution to avoid inflationary pressures, Secretary for Finance and Economic Development, Mr George Guvamatanga has said. He said some coins and bond notesAdvertisementwill gradually be withdrawn from circulation when Government ultimately introduce higher denominations. Mr Guvamatanga said this today… Read More
Business Discussion News 

Dubai’s Albwardy to buy Zimbabwe’s Meikles Hotel for $20 million

HARARE (Reuters) – Dubai-based Albwardy Investments said on Friday it would buy Zimbabwe’s Meikles Hotel for $20 million (15.48 million pounds) and would upgrade what is one of the southern African nation’s most well-known establishments. The current owner, Meikles Limited (KMAL.ZI), has over the past few years struggled with low occupancy levels and has lacked foreign exchange to refurbish the… Read More
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