BUSINESS NEWS

by Derick Tsimba

A UK based leading source of analysis on international business and world affairs, The Economist Group through its Economic  Intelligence Unit (EIU) reporting on Zimbabwe 3^rd Quarter 2020, has said the country’s economy is on the rebound as its exchange rate will average Z$28: US$1 in the 3^rd Quarter of 2020.

by Christopher Makaza

Cotton farmers have welcomed the new payment system, where their money will be deposited into their bank accounts, allowing them to receive all their money at once compared to the previous Ecocash system which had a maximum of ZWL$20 000 per day.

by Tafanana Kwedu

Zimbabwe’s 2019 minerals output surpassed projected targets due to various measures put in place by government to revive the sector to its former glory, as official figures in Zimbabwe’s Annual Budget and Economic Review 2019 report revealed.

By Rungano Dzikira

Proactive Zimbabwean Government has received a US$1.5 million pay-out from African Risk Capacity Insurance Company Limited (ARC Ltd) to complement already existing safety nets that Government has structured to mitigate effects of drought and COVID 19 which has wrecked the country since March 2020.

By Patience Rashai

President Emmerson Mnangagwa has called upon provinces to utilise the recently launched Agriculture Recovery Plan model for agriculture and economic productivity.

By Zivanai Dhewa

Beitbridge Border Post was described as a very important Border Post that requires Government support.

By Derick Tsimba

The Ministry of Women Affairs, Community, Small and Medium Enterprises and Cooperative Development has developed a strategy to reopen registered and organized micro enterprises ensuring sustainability in the post COVID-19 period, the Harare Post can report.

By Derick Tsimba

Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has introduced a lower priced tariff band to improve the customer experience, Harare Post can report.

Patience Rashai

The Reserve Bank of Zimbabwe (RBZ) is appealing to members of the public to report social media users (WhatsApp) conducting illegal foreign currency deals/business, in a bid to arrest the runaway parallel foreign exchange market.

By Patience Rashai

ZANU Pf has called on Government to deal with Ecocash dealers whose activities are fuelling inflation and distorting the official exchange rate, with the local Zimbabwean currency (bond note) continuing to tremble drastically against the US dollar.

By Taurai Mazwi

Government has approved a Cotton Floor Producer Price for the 2020/21 Cotton Marketing Season, thereby ensuring viability and competitiveness of the cotton industry.

By Derick Tsimba

Zimbabwe’s tourism industry aided by the Ministry of Environment, Climate, Tourism, and Hospitality Industry is setting up standards to follow the Covid-19 guidelines as it is heading for reopening and operating under the global Covid-19 pandemic, the Harare Post can report.