ED, business in candid talks

Africa Moyo Senior Business Reporter President Mnangagwa yesterday held candid discussions with captains of industry, retailers, bankers and consumers with a view to locate challenges and possible solutions to problems faced in production of goods and services. The no holds-barred discussions were held from 0830hrs to about 1230hrs at State …

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Zim’s data costliest in Africa: Report

The latest report by the Alliance for Affordable Internet (A4AI) says Zimbabwe has highest mobile data costs in the region at $25 per gigabyte. The Source The fifth edition of the annual report examines internet access trends and policies in 61 low and middle-income countries across the globe, including in …

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‘Free float exchange system catastrophic’

Golden Sibanda  Senior Business Reporter ZIMBABWE risks plunging into rampaging price inflation if it liberalises foreign exchange controls, according to the proponents of a managed exchange rate system. But critics of the system argue that fixing the exchange rate is only delaying inevitable price spiral — inflation. Zimbabwe’s annualised inflation raced …

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Lowveld cotton farmers in early planting

Martin Kadzere Senior Business Reporter SOME cotton farmers in the Lowveld have started planting — several weeks earlier than is usual — as early tillage of their fields has afforded them a quick start to fieldwork. In the Lowveld region — one of Zimbabwe’s largest cotton producing areas — the …

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‘Tough choices as SA debt climbs’

PRETORIA. — Tito Mboweni’s appointment as South Africa’s finance minister two weeks ago appeased investors, but the bleak picture painted in his first mid-term budget wasn’t as well received. Government debt will peak two years later, and higher, than previously forecast, the fiscal gap will widen further and state revenue …

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Zim fine-tunes GCF structures

Jeffrey Gogo Climate Story Zimbabwe has begun the search for a national consultant to spearhead the mobilisation of financial resources for domestic climate change projects with the Green Climate Fund, a special UN facility for tackling climate challenges throughout the world. The country has an $80 million climate adaptation and …

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Zim’s data costliest in Africa: Report

The latest report by the Alliance for Affordable Internet (A4AI) says Zimbabwe has highest mobile data costs in the region at $25 per gigabyte. The Source The fifth edition of the annual report examines internet access trends and policies in 61 low and middle-income countries across the globe, including in …

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Cornered Buy Zimbabwe sings imports tune

BUY Zimbabwe says all stakeholders must co-operate and ensure that the supply of goods and services return to normalcy in the country following the suspension of import restriction measures. BY MTHANDAZO NYONI Government last week announced the indefinite suspension of Statutory Instrument (SI) 122 of 2017, which was restricting the …

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‘Mining regulations still restrictive’

Zimbabwe’s domestic mining regulatory environment remains one of the most restrictive in the region and needs to change to attract investment, a leading information group Fitch Solutions says in its latest report. BY TATIRA ZWINOIRA Fitch Solutions is part of the Fitch Group, a global leader in financial information services …

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Merlin squabbles stall progress

SQUABBLES between shareholders and judicial manager of struggling Bulawayo textile manufacturer, Merlin, are stalling the disbursement of a $5 million recapitalisation facility secured from the Zimbabwe Asset Management Corporation (Zamco), NewsDay can reveal. By Mthandazo Nyoni Merlin judicial manager Cecil Madondo, of Tudor House, told a creditors’ meeting in Bulawayo …

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