BUSINESS NEWS

Staff Reporter

The Finance and Economic Development Ministry is planning to pay cotton farmers in United States dollars beginning in the 2021 marketing season, if cabinet adopts the proposal, a contact within Government has revealed.

Innocent Mujeri

The Zimbabwe United Passengers Company (Zupco) has partnered Cassava Smartech’s subsidiary Vaya Africa in its bid to easy movement of people between cities.

Innocent Mujeri

Eighteen business entities are facing the wrath of the Reserve Bank of Zimbabwe (RBZ) for using foreign currency obtained from the auction trading system for purposes other than that specified in the application of the foreign currency.

Innocent Mujeri

The Manicaland Province-based Green Fuels (Pvt) Limited Company has increased electricity generation capacity by almost 100 percent and is feeding the surplus power to the national grid.

Pius Chinyera

Former majority shareholder in CAPS Pharmaceutical Holdings, Fredrick Mutanda has been accused of interfering in the on-going fruitful arbitration process between Government and CAPS Pharmaceutical Holdings on the shareholding structure, a move that has been viewed as counter-productive for the revival of the health sector.

Staff Reporter

The International Financial Cooperation (IFC), a member of the World Bank Group, has partnered the Government to expand air access to Victoria Falls town as a way of supporting the recovery of local tourism that had been negatively affected by the Covid 19 pandemic.

Agriculture Reporter

The Agricultural Marketing Authority (AMA) has transformed to become an innovative and effective partner for development of the agricultural sector.

Zivanai Dhewa

…for sustained transformation

President Emmerson Mnangagwa yesterday applauded Government for signing the Petroleum Exploration and Development Production Agreement with Geo-Associates (Pvt) Ltd for oil and gas exploration in Muzarabani, Mashonaland Central.

Zivanai Dhewa

Businesses located and operating along the road servitudes have been given notice to remove and relocated their businesses to designated business areas and not along road servitudes.  They have been given up to Sunday 7 June 2021.

Staff Reporter

The country’s economy is on the rebound despite previously suffering shocks from the Covid-19 pandemic that had negatively affected production in industries.

Zivanai Dhewa

Industry has come out in defence of Government’s implementation of Statutory Instrument 127 of 2021 (SI 127 of 2021), describing it as a sure way to maintain sanity and confidence in the financial sector.

Agriculture Reporter

Cotton producers and Marketers Association Stewart Mubonderi has welcomed the Agriculture Marketing Authority (AMA)’s move to raise ZWL$100 million through agro-bills to support increased agricultural productivity.