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Zimbabwe To Have Its Own Stable Currency Backed By Gold: Mangwana

Zanu-PF’s Representative in the United Kingdom and Europe, and avowed supporter of President Emmerson Mnangagwa, Nick Mangwana has confirmed that Zanu-PF is working on introducing a local...

Mon Jun 25 2018 Author: Maveriq 1 Comment

Business

We Need Our Own Currency To End Cash Shortages, We Cannot Control The US Dollar: Mnangagwa

President Emmerson Mnangagwa has said that he will end the ongoing cash shortages by reintroducing a local currency that the government will be able to control. Speaking...

Sun Jun 24 2018 Author: Maveriq 0 Comments

Business

Govt Vows Not To Licence Donkey Abbatoir, Says It’s Unlawful To Slaughter Donkeys

The Department of Livestock and Veterinary Services (DLVS) has reiterated that it will not license a donkey abattoir that was built in Bulawayo by Battlefront Investments at...

Sun Jun 24 2018 Author: Maveriq 0 Comments

Business

Zinara Ceo Nancy Masiyiwa-Chamisa Suspended

Zimbabwe National Roads Administration (Zinara) fired chief executive officer Nancy Masiyiwa-Chamisa on Thursday amid reports that she had clashed with Transport minister Joram Gumbo, who is accused of protecting...

Sat Jun 23 2018 Author: Tayana 0 Comments

Business

Old Mutual Shares Now Trade-able By Non-Indigenous Investors On Finsec

The Financial Securities Exchange (Private) Limited (FINSEC) has announced that Old Mutual Zimbabwe shares can now be bought and sold by non-indigenous investors after all restrictions were...

Fri Jun 22 2018 Author: Maveriq 0 Comments

Business

Econet Urges Companies To Adopt EcoCash Payroll, Says It Will Reduce Bank Queues Drastically

Econet Wireless Zimbabwe has urged local companies to reduce bank queues by paying their staff through the EcoCash Payroll system. In a statement, Econet Wireless Zimbabwe group...

Thu Jun 21 2018 Author: Maveriq 2 Comments

Business

Full Text: Telecel Introduces New Voice Bundles

Mobile network operator Telecel has introduced new voice bundles which include 1-hour talk time for only 50 cents for Telecel to Telecel calls. In a statement, Telecel said:...

Thu Jun 21 2018 Author: Maveriq 0 Comments

Business

German Miner Appeals To Embassy After Zanu PF Youths Grab His Gold Mines

Karl Doring a German national has written to his embassy pleading for an emergency intervention after alleged Zanu-PF youths invaded his gold mines. The youths chased away...

Thu Jun 21 2018 Author: Maveriq 0 Comments

Business

Mnangagwa Reopens Eureka Gold Mine In Guruve, To Employ 400 People

President Mnangagwa officially reopened Eureka Gold Mine in Guruve, which he said will make its contribution to the nation’s gold output which is expected to reach 100 tonnes per annum...

Thu Jun 21 2018 Author: Tayana 1 Comment

Business

Govt Fueling Corruption In Gold Sector By Underpaying Artisanal Gold Miners: Minister Mukupe

Deputy Minister of Finance and Economic Planning Terrence Mukupe has said that the government is fueling corruption by not giving miners the full value for gold deliveries....

Wed Jun 20 2018 Author: Maveriq 0 Comments

Business

Prices For Out-Of-Bundle Mobile Data, USSD, Interconnection Rates Slashed

Minister of Information Communication Technology and Cyber Security, Supa Mandiwanzira today announced a reduction in the prices of out-of-bundle mobile data, USSD (Unstructured Supplementary Service Data)...

Wed Jun 20 2018 Author: Maveriq 0 Comments

Business

Full Text: Schweppes Gives In After Backlash, Agrees To Bring Back Original Mazoe Without Artificial Sweeteners

Following a backlash from many customers who were unhappy with Mazoe’s new taste, Schweppes Zimbabwe Limited has agreed to reintroduce the original Mazoe beverages which are made with...

Wed Jun 20 2018 Author: Maveriq 2 Comments

Business

Army Called To Evict Illegal Gold Panners From Foreign Owned Gold Mine

The Zimbabwe National Army is reported to have evicted illegal gold partners who had invaded Gaika Mine in Midlands. The mine is owned by Jersey-based and privately owned...

Wed Jun 20 2018 Author: Maveriq 0 Comments

Business

Cash Problems Not A Disadvantage, Zim To Become First Cashless Economy In SADC: RBZ

Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Dr Jesimen Chipika has said that Zimbabwe’s cash problems had actually allowed the country to progress to becoming a cashless...

Tue Jun 19 2018 Author: Maveriq 26 Comments

Business

Fly Africa’s Air Operator’s Licence Suspended

The Civil Aviation Authority of Zimbabwe (CAAZ) has revoked the air operator’s licence (AOL) for troubled airline Fly Africa. Fly Africa has been accused of breaching regulatory...

Tue Jun 19 2018 Author: Maveriq 1 Comment

Business

Artificial Sweeteners Used To Make Mazoe Beverages Are Perfectly Safe: Schweppes Responds To Backlash

Schweppes Zimbabwe Limited and Coca-Cola Zimbabwe have released a statement saying that the ingredients being used in the manufacture of Mazoe beverages are perfectly safe and pose...

Tue Jun 19 2018 Author: Maveriq 0 Comments

Business

We Must Have Our Own Currency To Solve Cash Crisis: Minister Mukupe

Deputy Minister of Finance and Economic Planning Terrence Mukupe has said that it is imperative for Zimbabwe to reintroduce its own local currency in order to solve...

Sun Jun 17 2018 Author: Maveriq 2 Comments

Business

Please Buy Campaign Regalia Locally: Buy Zimbabwe Urges Politicians

Buy Zimbabwe Chief Executive Officer Munyaradzi Hwengwere has called on politicians to support local industries by buying their campaign material and regalia locally. Speaking to 263Chat on...

Mon Jun 18 2018 Author: Maveriq 0 Comments

Business

Insurance Industry Worried About Reduced Police On Roads, Says People Are Flouting Regulations

Insurance expert and NicoDiamond managing director Grace Muradzikwa has called for an increase in police presence on the country’s roads saying that people are wantonly breaking...

Mon Jun 18 2018 Author: Maveriq 0 Comments

Business

Mnangagwa Warns Tongaat Hulett Against Monopolising Sugarcane Farming

Addressing Zanu-PF supporters at Mucheke B arena in Masvingo to drum up support ahead of the July 30 harmonised elections, President Mnangagwa said Government will not hesitate...

Mon Jun 18 2018 Author: Tayana 1 Comment

Business

Unleaded Petrol Blending Ratio Increased To 20% Ethanol

In a Government Gazette released yesterday, Energy and Power Development Minister Simon Khaya Moyo announced mandatory blending ratio of unleaded petrol has been increased from 15 percent ethanol...

Sat Jun 16 2018 Author: Tayana 0 Comments

Business

PepsiCo Considering Opening A Snacks Plant In Zim

After the successful launch of the Pepsi beverages plant by Varun Beverages, PepsiCo is considering opening a snacks plant in Zimbabwe. Speaking at the launch, PepsiCo sub-Sahara...

Fri Jun 15 2018 Author: Maveriq 0 Comments

Business

75% Of Products In Shops Are Locally Manufactured: Govt Praises Import Restrictions

Speaking at the opening of Davipel’s $12 million snack manufacturing plant at the firm’s headquarters in Sunway City 2 weeks ago, Industry Minister, Mike Bimha said 75% of...

Fri Jun 15 2018 Author: Tayana 0 Comments

Business

James Makamba Praises Mnangagwa’s Economic Policies

In a video posted on his Twitter account, James Makamba praised President Emmerson Mnangagwa’s economic policies. Makamba praised Mnangagwa’s ‘Zimbabwe is open for business’ mantra as well...

Thu Jun 14 2018 Author: Tayana 0 Comments

Business

Henrietta Rushwaya New President Of Zimbabwe Miners’ Federation (ZMF)

Image Credit: ZimDaily Former Zifa chief executive officer executive Henrietta Rushwaya is expected to become the new president of the Zimbabwe Miners’ Federation (ZMF) after she was...

Wed Jun 13 2018 Author: Maveriq 2 Comments

Business

Transactions Between Zimbabwe, China Must Be Settled Using Yuan: Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has called for all transactions between Zimbabwe and China to be settled using China’s currency the Yuan. Speaking...

Wed Jun 13 2018 Author: Maveriq 2 Comments

Business

Wicknell Chivayo Has Criminal Record, Terminate Gwanda Solar Project Contract: MPs Urge ZPC

The Parliamentary Committee on Mines and Energy urges the Zimbabwe Power Company (ZPC) to terminate its contract with Intratrek immediately as one of its directors, Mr Wicknell Chivayo,...

Wed Jun 13 2018 Author: Tayana 0 Comments

Business

We Are Fighting Obesity: Coca-Cola Explains Mazoe’s New Taste

The Coca-Cola Company has explained that it is now using artificial sweeteners to reduce the amount of sugar in its Mazoe beverages. The company went on to...

Tue Jun 12 2018 Author: Maveriq 16 Comments

Business

Full Text: James Makamba Refutes That He Sold His Telecel Shares Or Resigned As Chairperson

The saga as Telecel Zimbabwe seems to be ongoing after businessman James Makamba disputed reports that he resigned as Telecel chairperson at an Extraordinary General Meeting held...

Tue Jun 12 2018 Author: Maveriq 0 Comments

Business

Zim-China Sign Deal To Establish US$1 Billion Steel Plant

Zimbabwe and China on Monday signed a deal for the establishment of a US$1 billion steel plant. The plant has a potential to produce 2 million tonnes...

Tue Jun 12 2018 Author: Maveriq 0 Comments

Business

We Must Balance Revenue Collection Efforts And ‘Open For Business’ Opportunities: Zimra

Zimbabwe Revenue Authority (Zimra) commissioner-general Faith Mazani has warned the government that it expects all new investors to contribute to the revenue base. Speaking to parliamentarians...

Mon Jun 11 2018 Author: Maveriq 0 Comments

Business

Dutch Airline KLM To Fly To Harare 4 Times A Week

Netherlands airline, KLM Royal Airlines will now be flying four times a week to Harare. However, these will be cargo aircraft to ferry products between Zimbabwe...

Mon Jun 11 2018 Author: Maveriq 0 Comments

Business

Mnangagwa Says That Cash Is Being “Sponged” Out Of Zim, Urges People To Use Electronic Money

Speaking at the burial of national hero John Chimbandi, President Emmerson Mnangagwa urged Zimbabweans to continue using electronic money. Mnangagwa said that despite his administration’s efforts...

Mon Jun 11 2018 Author: Maveriq 1 Comment

Business

Mnangagwa Govt Considering Creative Ways To Solve Cash Crisis

President Emmerson Mnangagwa urged Zimbabweans to embrace plastic money as his Government comes up with creative ways to deal with the cash crisis. Mnangagwa said this while...

Mon Jun 11 2018 Author: Tayana 0 Comments

Business

RBZ vs Bitcoin Exchange (Golix): Full Opposing Affidavit by John Mangudya

The Reserve Bank of Zimbabwe governor, John Mangudya, on Friday 8 June, filed opposing affidavits in the High Court against an application by Golix to have a ban on...

Sun Jun 10 2018 Author: Staff 1 Comment

Business

Local Day Old Chicks In Short Supply

Zimbabwe Poultry Association (ZPA) has said that there’s a local shortage of Day Old Chicks and that Zimbabwe is having to rely on imports from non-SADC countries. ZPA...

Sun Jun 10 2018 Author: Staff 0 Comments

Business

Obert Mpofu Accused Of Abusing 90-Year Old Employee At Neglected Arda Estate

Obert Mpofu has been accused of neglecting an Arda farm he runs and abusing a solitary 94-year old employee at the farm. The 90-year-old man, who is...

Sun Jun 10 2018 Author: Onesimo 0 Comments

Business

Economy Growing Significantly – Mangudya Points To Company Results

The economy is growing significantly, RBZ governor John Mangudya has said, pointing to “impressive” financial results by listed companies. Mangudya is quoted by the Sunday Mail: A...

Sun Jun 10 2018 Author: Onesimo 0 Comments

Business

“Banned” Bitcoin Exchange, Golix, Presented Fraud & Money laundering Risks, say RBZ

The Reserve Bank of Zimbabwe governor, John Mangudya, has filed opposing affidavits in the High Court against an application by Golix to have a ban on their company...

Sun Jun 10 2018 Author: Staff 0 Comments

Business

James Makamba Might Lose Mansion In SA. Owes Absa $4.5 Million

Sunday Times reports that James Makamba is on the brink of losing his property is South Africa following his failure to service a loan to Absa Bank....

Sun Jun 10 2018 Author: Staff 0 Comments

Business

“Zimbabwe Won’t Recover Missing $15 Billion Diamonds Revenue”

In a report, the Temba Mliswa chaired Mines Parliamentary Portfolio Committee told Parliament’s last sitting on Thursday that it was now clear that the country would not recover...

Sat Jun 9 2018 Author: Tayana 0 Comments

Business

Grain Millers Warn Of Imminent Bread Shortages Unless RBZ Allocates Forex For Wheat Shipment

The Grain Millers Association of Zimbabwe (GMAZ) has written to the Reserve Bank of Zimbabwe (RBZ) warning that it needs foreign currency urgently as the wheat supply...

Fri Jun 8 2018 Author: Maveriq 0 Comments

Business

Chinamasa Blames Police For Failing To Arrest Illegal Forex Traders, Says Law Is There

Minister of Finance and Economic Planning Patrick Chinamasa has blamed the Zimbabwe Republic Police for failing to implement the law which criminalises illegal trade in foreign...

Thu Jun 7 2018 Author: Maveriq 1 Comment

Business

OK Zimbabwe Named Best Performing Company On The Stock Exchange

Leading supermarket retailer OK Zimbabwe Limited has been named the best performing company on the Zimbabwe Stock Exchange by The Financial Gazette’s Top Companies Survey. The survey...

Thu Jun 7 2018 Author: Maveriq 0 Comments

Business

Majority Of 16 Billion In Investment Commitments Will Not Be Coming Soon: Analysts

Analysts have said that the $16 Billion investment commitments that President Emmerson Mnangagwa claims to have secured will take many years to come to Zimbabwe and that...

Thu Jun 7 2018 Author: Maveriq 0 Comments

Business

Zim Still Needs To Do More Before It Can Attract Investors: Netherlands

Netherlands ambassador to Zimbabwe Barbara van Hellemond has said that Zimbabwe still needs to work on values such as the rule of law and anti-corruption before her...

Thu Jun 7 2018 Author: Maveriq 0 Comments

Business

Zimplats Gives Government Unexploited Platinum Rich Land

Zimplats Holdings Limited, has agreed to release 27 948 hectares of its unexploited platinum rich land in the Ngezi area in Mhondoro to Government, resolving a mining...

Thu Jun 7 2018 Author: Tayana 0 Comments

Business

Mnangagwa To Officially Open Zimbabwe Women’s Microfinance Bank

Women Affairs, Gender and Community Development Minister Sithembiso Nyoni said President Emmerson Mnangagwa will officially open the Zimbabwe Women’s Microfinance Bank before the end of this month. The...

Thu Jun 7 2018 Author: Tayana 0 Comments

Business

EcoCash Bars Agents Whose Accounts Show Suspicious Activities

Zimbabwe’s biggest mobile money company Ecocash has suspended agents whose accounts have been deemed to have suspicious behaviour. In a statement EcoCash said, EcoCash routinely carries out...

Wed Jun 6 2018 Author: Maveriq 4 Comments

Business

Zim Consolidated Diamond Company Boss Admits Workers Are Looting Diamonds From Chiadzwa

Zimbabwe Consolidated Diamond Company (ZCDC) chief executive officer, Morris Mpofu admitted that some of the employees at his company were conniving with illegal diamond miners to steal...

Tue Jun 5 2018 Author: Maveriq 0 Comments