BUSINESS NEWS

By Gift Mashoko

RBZ Governor, Dr John Mangudya has this morning expounded on the Monetary Policy Statement which he delivered on Wednesday, articulating on the bond notes and the foreign currency issues as well as exchange rate.

Christopher Makaza

Netizens have castigated MDC leader, Nelson Chamisa for his attack on the Monetary Policy Statement presented by Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya on Wednesday arguing that he is good at criticising other people`s efforts rather than proffering solutions to the country`s crisis.

By Rudo Saungweme

An Indian beverages firm, Varun Beverages which currently produces Pepsi drink in the country is set to establish a tomato and potato processing plant in Harare, a move expected to boost exports and foreign currency as well as creating employment, Harare Post has learnt.

By Christopher Makaza

President Emmerson Mnangagwa today officially launched the India- Africa Incubation Centre in Water Falls, Harare which is expected to address unemployment, as graduates from Polytechnic colleges and universities, retirees, retrenchees, youths and women will be given an opportunity to set up their own enterprises.

By Derick Tsimba

The Zimbabwe tourism industry is set to attend this year’s edition of Internationale Tourismus-Borse Berlin (ITB), the world’s biggest international travel trade show and a platform for the country to promote its travel industry and tourism destinations.

Zivanai Dhewa

Government has set aside US$910.4million to fund road network expansion.

By Rudo Saungweme

In line with Government`s goal of investing and retooling Zimbabwe industries, Wattle Company has invested US$500 000 in a new plant and machinery so as to increase timber production and foreign currency.

Gift Mashoko

Government of Zimbabwe continues to create an investor friendly environment conducive for investment and for industries to be reopened in line with the Zimbabwe is open for business mantra.

Rudo Saungweme

Government has indicated that the expected price increase of mealie-meal next month by Grain Millers Association of Zimbabwe (GMAZ) is not justified as Government introduced a rebate mechanism meant to cushion manufacturers and business following the recent increase in the price of fuel.

By Derick Tsimba

Zimbabwe’s economy will soon benefit from the Africa Continental Free Trade Area (AfCFTA) following the progress on the establishment of the trading body at the on-going 6th AfCFTA meeting in Addis Ababa, Ethiopia, the Ministry of Information, Publicity and Broadcasting has revealed.

By Rudo Saungweme

In line with the Transitional Stabilisation Programme (TSP), Government continues to make progress in implementing projects in the country so as to attain a middle income economy by 2030.

Christopher Makaza

The Reserve Bank of Zimbabwe (RBZ) together with the Ministry of Information, Publicity and Broadcasting have thrashed former finance Minister, Tendai Biti`s claims on social media that government will this week introduce a new currency, urging the public to dismiss Biti`s unfounded fake news with utmost contempt.