Zimbabwe
Zimbabwe’s inflation drops to -3.11% in Sep
HARARE: Zimbabwe’s annualised inflation dropped to minus 3.11 percent in September, plunging the comatose southern African economy deeper in a...
Govt to set up $150m ethanol operation in Zimbabwe next year
HARARE: British firm Sunbird Bioenergy has partnered government to set up a $150 million ethanol operation in Zimbabwe next year,...
Zimbabwe re-imposes 15% tax on raw platinum ore exports
HARARE: Zimbabwe could re-impose a 15 percent tax on raw platinum ore exports if mining companies do not deliver on...
Econet Wireless reports loss $3.6 mln over same period
HARARE: Steward Bank, built from the ashes of the failed TN Bank, has recorded its first ever profit of US$1.8...
Zimbabwe gold expected to rise this year to 18.4 tons
HARARE: Gold is expected to rise this year to 18.4 tonnes, the highest level in 11 years, thanks to higher...
Zimbabwe furniture makers target to increase capacity utilisation from 30%
HARARE: Furniture manufacturers are targeting to increase capacity utilisation from the current 30 percent, but say Government should implement measures...
Zimbabwe’s food sector propose to buy wheat from local farmers
HARARE: Zimbabwe’s food processing sector is proposing to buy wheat from local farmers at $410 per tonne from the current...
Zimbabwe’s interest rates expected to trend downwards
HARARE: Zimbabwe’s interest rates are expected to trend downwards as the country’s high sovereign risk improves after treasury settles its...
Zimbabwe Mobility Energy partners with local bank to electrify commercial
HARARE: Mobility Energy, a local renewable energy private company has partnered with a local bank to electrify commercial, industrial, Government...
Old Mutual Zimbabwe H1 net profit up 23% to $13 mln
HARARE: Old Mutual Zimbabwe after tax profit for the six months to June was up 23% to US$13 million buoyed...
Police arrests 13 suspects in connection with public violence, destruction of property
HARARE: Police have arrested 13 suspects in connection with public violence and destruction of property valued at $76 000 that...
Apple faces $400m damages in university patent case
HARARE: Apple's potential damages in a patent fight with the University of Wisconsin's licensing body could reach $400 million as...
Walter Chidhakwa says Zimbabwe contains over 950m in chrome reserves
HARARE: The government has asked two ferrochrome producers, including a unit of China's Sinosteel Corp Ltd, who own 80 percent...
Govt expects to reduce revenue shortfall in Zimbabwe
HARARE: Government expects to reduce the revenue shortfall currently obtaining by about one third by raising selected tax rates and...
Standard Bank signs trilateral business deal with Woori Bank, ICBC
HARARE: The Standard Bank Group has signed a trilateral business cooperation agreement with Woori Bank and the Industrial and Commercial...
IMF sees Zimbabwe’s economy modest growth of 2,7% in FY16
HARARE: The International Monetary Fund (IMF) sees Zimbabwe’s economy registering a modest growth of 2,7% from a forecast of 1,5%...
NetOne posts $5,8m loss in 6 months to June 2015 in Zimbabwe
HARARE: The country’s second largest mobile phone company NetOne has posted a $5,8 million loss in the six months to...
Zimbabwe imports $400m worth of drugs yearly
HARARE: Pharmaceutical Working Group chairman Nigel Chanakira on Friday revealed that over $400 million worth of basic drugs are coming...
Zimbabwe signs $20 mln educational facility with Opec for construction of 12 schools
HARARE: Zimbabwe has signed a $20 million educational facility with a development fund of the Oil Petroleum Exporting Countries (Opec)...
Ministry of Health and Child Care in Zimbabwe bans Dragon Energy Drink
HARARE: The Ministry of Health and Child Care in Zimbabwe has banned Dragon Energy Drink saying it violates import procedures...
