RBZ revs up forex allocation for fuel

THE Reserve Bank of Zimbabwe (RBZ) has increased the foreign exchange allocation for fuel by more than 50% to $20 million per week to cater for increased demand and a rise in international fuel prices, governor John Mangudya (pictured) said yesterday. BY NDAMU SANDU IN BUSAN, SOUTH KOREA The RBZ …

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Business loses confidence in Mnangagwa

THE business community appears to have lost confidence in President Emmerson Mnangagwa’s new political dispensation, with the latest Confederation of Zimbabwe Industries (CZI)’s composite Business Confidence Index (BCI) indicating a negative trajectory, particularly in the first quarter of this year. BY TATIRA ZWINOIRA Since he took over levers of power …

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OK Zim posts 174,6% profit after tax

RETAIL giant, OK Zimbabwe released its financial results this week at an analyst briefing where the company’s profit after tax ballooned 174,6% to $16,6 million during the period ended March 2018 from $6 million recorded the prior year. The company bemoaned the cost of sourcing foreign currency which had the …

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Craft Properties to attend global trade, investment summit

Craft Properties (Pvt) Ltd, a leading real estate and land developer based in Kadoma, has been invited to participate at the 2018 Africa Trade and Investment Global Summit (ATIGS) in Washington DC, United States of America to be held from June 24 to 26, 2018. Mr Kudakwashe Taruberekera the founder …

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Zim has potential

Munashe Matambo Business Reporter Zimbabwe has potential to improve its rankings on the Global Business Competitiveness Index if it improves its ease of doing business and fight corruption, an internationally – acclaimed Singaporean economist, Dr Victor Koh has said. Dr Koh said this at the Institute of Directors Zimbabwe (IoDZ) …

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Raise own start-up capital

Dr Sanderson Abel Financing enterprises is not an easy thing more so for small businesses who at times are not formal. For any funder to be able to release resources to an enterprise he/she needs to acquaint him/herself with a lot of information pertaining to the enterprise. Most people kill …

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