BUSINESS NEWS

by Zivanai Dhewa

The international community has heeded President ED Mnangagwa’s mantra that Zimbabwe is open for business and are making frantic efforts to ensure they also get a share of the pie.

by Rudo Saungweme

The USD $250 million loan from Germcorp, a United Kingdom based firm, has been viewed by economic analysts as a sign of growing investor confidence on Zimbabwe.

by Christopher Makaza

The cotton industry is witnessing an overwhelming response in the registration of new cotton farmers as Government continues to avail free cotton inputs under the Presidential Input Support Scheme.

by Rudo Saungweme

Zimbabwe remains an attraction hub of the world as manifested in its recent nomination for the 2018 World`s Leading Safari Destination by the World Travel Awards.

The Diamond Producers Association (DPA) has announced that RZ Murowa Holdings Ltd, majority owner and operator of Murowa Diamonds Private Ltd has joined the DPA, effective 1 July. 

Zimbabwe’s new finance minister said yesterday he would accelerate plans to pay arrears to the World Bank and the African Development Bank and would work on a three-year programme to cut government spending.

Nespresso aims to revive Zimbabwe’s coffee industry and stimulate the country’s rural economy through a new long-term investment plan.

The Zimbabwe Anti-Corruption Commission yesterday indicated that it was keen to interview Finance Minister during the Government of National Unity era Tendai Biti over allegations that he instructed the National Social Security Authority (NSSA) to deposit over $30 million into two banks which later collapsed.

by Tapiwa Matonhodzi

Early this September the nation woke up to the much unanticipated scaling down of some of the mines operated by Metallon Gold Limited (Ltd) as a result of mismanagement, Harare Post has learnt.

Acting President, Dr Constantino Chiwenga, will today lead proceedings during the launch of the Joshua Mqabuko Nkomo Legacy Foundation, a key tourism heritage project and a major highlight of this year’s Sanganai/Hlanganani World Tourism Expo.

by Chiedza Tembo

Anjin Investments has pinned its hopes on President Emmerson Mnangagwa’s administration to have its mining rights restored, so it resumes operations in Chiadzwa, after its licence was revoked in 2016.

The Reserve Bank of Zimbabwe (RBZ) has to date disbursed $100 million out of the $150 million Gold Development Initiative Fund (GDIF) and plans to review the facility upwards following overwhelming applications by small-scale miners.