BUSINESS NEWS

By Chiedza Muswe

Government has revealed that the productive sector support is to be financed by banks through the normal banking channels.

By Derick Tsimba

The Zimbabwe Power Company (ZPC) has assured the nation that it will provide electricity during the 2020 winter season through improving coal deliveries and utilization of units 3 and 6 at Hwange Power Station.

By Taurai Mazwi

Zimbabwe is expected to start the Sesame Seed Promotion and Production Programme in which the producers would be paid 50% foreign currency and 50% local currency, said Minister of Information, Publicity and Broadcasting Services Monica Mutsvangwa.

By Derick Tsimba

Government has unveiled a ZWL 500 million Tourism Stimulus Package (TSP) to kick start the country’s tourism industry, a cabinet Minister has said.

by Christopher Makaza

Despite challenges being caused by the deadly Covid-19 pandemic in the country, tobacco prices on the auction floors are firming each day, giving hope to the golden leaf growers and the tobacco industry.

by Staff reporter

A contact within the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a subsidiary of ZESA Holdings, has revealed that the company was considering increasing electricity tariff by 30% in May.

By Taurai Mazwi

The RBZ has with immediate effect suspended the operating licences to two more bureaux de change and entities breaching foreign exchange trading requirements pending further investigations and regulatory action, this comes after two more bureaux de changes had been suspended recently.

by Christopher Makaza

Zimbabwe has finally settled its US$33 million debt to South Africa`s Eskom, one of the country’s major power suppliers while payments to Mozambique`s Hidroelectrica de Cahora Bassa (HCB) continue, a Cabinet minister has said.

By Grace Chekai       

The Zimbabwe Revenue Authority (ZIMRA) has taken heed of Government`s call to scale down its workforce to skeleton staff, in a bid to mitigate the spread of the Covid-19 pandemic.

By Patience Rashai

Projections to have Hwange Thermal Power Station (HPS) Unit 6 completed by the first quarter of the year, have been dealt a heavy blow by recent travel embargos by most counties due to COVID-19 pandemic.

By Rungano Dzikira

The business sector has taken heed of President Emmerson Mnangagwa’s call to reduce the number of people at work and maintain the prescribed one metre social distance, with most companies resorting to working at home.

By Grace Chekai

Zimpost is set to introduce mobile money transfer in partnership with a UK based Fintech Company, BIBI Money Global Ltd next month, Harare Post has learnt.