BUSINESS NEWS

Staff Reporter

Government has no plans to introduce another currency as the Zimbabwe dollar is currently performing well as expected.

Staff Reporter

President Emmerson Mnangagwa is set to commission RanMine Private Limited (RMPL), a Bindura-based gold mine, as the country works on achieving the US$12 billion mining target.

Staff Reporter

A clear roadmap for the establishment of the Common Agro Industrial Park (CAIP) between Zimbabwe and Zambia which is an engine for driving economic development and growth through value chain has been set up.

Staff Reporter

The Zambezi River Authority (ZRA) has announced that it has revised the volume of water allocated for power generation operations at Kariba for 2021 upwards by three billion cubic meters (3 BCM), a development which is likely going to easy load-shedding in the country.

Staff Reporter

China, Zimbabwe’s all weather friend continues to stand in solidarity with Zimbabwe in consistent calls for the unconditional removal of illegal sanctions imposed on the country by the West and its allies.

Staff Reporter

The Zimbabwe Alloys Metals (Private Limited) ZimAlloys, has approached the Ministry of Mines and Mining Development (MMMD) seeking a waiver to export chrome lumps in order to raise funds to complete refurbishment of its smelting furnace in Gweru, a contact within the company has said.

Staff Reporter

Netone, the country’s second largest network provider, has approached the Ministry of Information, Communication Technology Postal and Courier Services (ICTPCS) requesting for a Procurement Regulatory Authority of Zimbabwe (PRAZ) waiver on procurement of innovation products in order to compete with other network providers in the industry.

Staff Reporter

Government has revealed that agricultural inputs under the CBZ-Yield/Command Agriculture are adequately available and ready for collection at SeedCo and K2 seed companies.

Staff Reporter

Lafarge Cement has temporarily stopped the production of cement due to the collapse of the roof of its mill section on 11 October, 2021 a development that explains the shortage of cement on the market.

Business Reporter

President Mnangagwa has today toured and commissioned the Marula/Mapfura Processing and Value Addition Plant at Rutenga Growth point in Mwenezi saying that the occasion was a momentous one for Masvingo Province and the country as a whole.

Staff Reporter

In a bid to ensure economic stability prevails in the country, the Reserve Bank of Zimbabwe (RBZ) working in conjunction with the Financial Intelligence Unit (FIU) have identified airtime dealers who are abusing their facility to perpetuate illegal foreign currency dealings and measures have been put in place to curb the abuse.

Staff Reporter

Parliament is scheduled to hold a pre-budget seminar in Victoria Falls, from 22 to 26 October 2021, where Members of Parliament (MPs) will get an opportunity to meet with the Executive.