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Chinamasa warns on salary hikes

BY FIDELITY MHLANGA Chinamasa, who was speaking on Friday at the Women’s Conversation on Legislation with HE President Emmerson Mnangagwa in Harare last week, said the increases could make the wage bill grow from 90% of government revenue to 120%. “Another problem causing cash shortages is the fact that we …

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Foreign currency scarcity ‘smokes’ out BAT

BY TATIRA ZWINOIRA In an interview with NewsDay after BAT’s annual general meeting held at their premises in Harare last week, Mlambo said the main challenge in 2017 was foreign currency, which continues to persist. “We are in the same boat. We are not an exporter, so we rely on …

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‘Banks prioritising Harare firms on forex allocations’

BY MTHANDAZO NYONI Zimbabwe National Chamber of Commerce Matabeleland chapter chairman, Golden Muoni told NewsDay in an interview last week that companies outside Harare were being short-changed by financial institutions. “As we are in this environment, where there are a lot of shortages of foreign currency, there is need for …

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TelOne launches National Broadband Backbone (NBB) project

TelOne is in the process of upgrading its nationwide system and exchanges as part of its US$98 million national Broadband Backbone (NBB) project. As a result of the project, TelOne will be able to provide a better range and quality services to enable its clients to enjoy world class communications The …

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Industry cheers British bailout

BY TATIRA ZWINOIRA CDC is a development finance institution owned by the United Kingdom government under the Department for International Development. CZI president Sifelani Jabangwe said the financial package would go a long way in supporting its intended recipients in the manufacturing sector. “It is a positive thing in that …

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Caaz expanding airports for growing passenger traffic

By Mthandazo Nyoni NewsDay (ND) business reporter, Mthandazo Nyoni caught up with CAAZ general manager, David Chawota (DC) on the state of Zimbabwe’s civil aviation industry among other issues. Below are the excerpts of the interview: ND: What is the current state of civil aviation industry in Zimbabwe? DC: The state of the …

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May is International Internal Audit awareness month

ONE does not have to sit in the boardroom or occupy the CEO’s chair to recognise the rapid-fire changes going on in today’s business arena. News outlets regularly report on corporate scandals and frauds, privacy invasions, compromised ethics, and governance lapses. These events and the resulting laws and regulations, coupled …

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Paying water bill right thing to do

For years, making water users pay for the service they receive from water utilities such as Zinwa or urban local authorities has been a daunting task. Many water users do not believe in the need to pay for the resource despite the critical role water plays in the lives of …

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Seed Co invests in growing farmer yields

Hybrid seed processing company, Seed Co, has started running the Eleven Tonne Plus Club Promotion, targeting commercial farmers with at least 10 hectares of the firm’s seed varieties grown during the 2017 /18 season as part of efforts to boost food security. Concurrently, the seed company is rolling out the …

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‘Embrace technology, artificial intelligence’

Zimbabweans should embrace new technologies and artificial intelligence to create employment and improve development and economic growth, Information Communication Technology and Cyber Security Minister Supa Mandiwanzira has said. Minister Mandiwanzira said every Zimbabwean must be connected to achieve national and personal growth hence the need for people to embrace ICTs. …

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