Bikes, the solution to Harare’s transport anarchy

The solution to Harare’s transport anarchy is the introduction of more journeys by bicycling and planning our cities for the future by introducing cycle tracks on all major roads. BY Jacob Mutisi As Harare plans to be a modern city by 2025, a humanistic, people-friendly city has to be accessible. …

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First Capital Bank unbundles none-core assets

Business ReporterFIRST Capital Bank, formerly Barclays Bank Zimbabwe, has approved the unbundling of non-core assets set for listing on the Zimbabwe Stock Exchange (ZSE). In a renewal of cautionary statement to shareholders, the banking institution advised shareholders of the approval by the board of directors. “Shareholders are advised that the …

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‘Decision on car duty pays off’

Africa Moyo Senior Business ReporterGOVERNMENT’S decision to curtail the leakages of the much-needed foreign currency through demanding that duty on imported motor vehicles be paid in forex is already bearing fruit, on the back of a sharp decline in imports, a top economic analyst has said. Finance and Economic Development …

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2018’s billionaire winners, losers

THE markets may be tanking, but that did not stop plenty of mega-fortunes from being unearthed in 2018. The popularity of Fortnite, the phenomenon that forced some into video-game rehab, gave game-maker Tim Sweeney a $7,2 billion fortune this year. Autry Stephens has $11,4 billion after his closely held Endeavour …

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HAZ calls for increased air connectivity

Africa Moyo Senior Business ReporterThe Hospitality Association of Zimbabwe (HAZ) says prospects are bright for the tourism sector if Government improves connectivity of tourist centres by air. Further, HAZ called on the Government to provide financial support towards documentation of existing and potential tourist attraction centres and also create an …

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$400m NRZ deal on track

Bulawayo BureauTHE $400 million National Railways of Zimbabwe (NRZ) recapitalisation deal is still on track with six financiers having shown interest to shell out close to $1 billion into the project. In 2017, NRZ and the Diaspora Infrastructure Development Group/Transnet consortium penned the $400 million deal aimed at recapitalising and …

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‘Economy has potential to recover’

Africa Moyo Senior Business ReporterTANGIBLE economic turnaround would be witnessed this year if Government remains steadfast in dealing with the twin terrors of fiscal deficit and the failure to implement proper foreign currency management systems. This was said by prominent academic Professor Ashok Chakravarti in an interview yesterday. Already, Government …

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2018 capital market highlights

The year 2018 opened on a high note with the introduction of the All Share Price and Top Ten Indices. The two indices became effective on January 1, 2018. An index tracks the performance of a group of shares thereby giving the direction of the movement of the underlying market. …

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China, US trade wars escalate

AS the trade war escalated between the United States and China this spring, American cherry exporters in Washington state unexpectedly found their customs processing slowed at the Chinese border. Unannounced, increased inspections began in late May and in early June. The extra time the inspections took backed up shipments into …

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Year of mixed fortunes

Africa Moyo Senior Business Reporter The year 2018 ends tomorrow amid high hopes that the economic turnaround strategies set in motion by Government particularly from October, will help transform their operations and the general economic situation in the New Year. Industrialists say 2018 was overally a successful year punctuated by …

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