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Monday, December 9, 2019

Business

Mail and Telegraph Business News

Government has signed a Memorandum of Understanding with a Chinese company, Tshingshong which will allow the company to operate various mining concessions including coal and iron ore. The initial phase of the investment is worth US$2 million. Addressing journalists at the signing ceremony that was attended by President Emmerson Mnangagwa as well...
Reserve Bank of Zimbabwe (RBZ) And Tobacco Industry and Marketing Board (TIMB) have dismissed allegations by some newspapers that the Reserve Bank of Zimbabwe is no longer paying tobacco farmers in United States Dollars (USD). In a statement by RBZ Governor, Dr.J.P. Mangudya and TIMB Chief Executive Officer, Dr.A.E.Matibiri, the...
A CHIPINGE man of “extraordinary luck” has dismissed accusations he uses black magic to win prizes after he won a car at the 2019 OK Grand Challenge which came to an end over the weekend. Clemence Muhle, who last year baffled the nation after a bizarre feat in which he won three...
Harare - Despite negative publicity by some sections of the international media, Zimbabwe has remained a safe and trusted destination, it has been revealed. The country has been rated the third best country to visit in 2019 according to revered travel guide publisher Lonely Planet. The list, titled “Ten countries primed to...
Sometimes facing what Thomas Aquinas would describe as continuous disconnectedness, Batsirai Masvinge never gave up on his dreams. Today, after falling many times and rising up stronger, the Zimbabwean entrepreneur, based in South Africa runs a movement in the entertainment industry. 263 Nights has hosted over 50 premium events...
President Emmerson Mnangagwa has ordered the Minister of Home affairs to quickly fix the passport crisis amids reports that Zimbabweans in diaspora were now at the risk of being deported. According to Information Minister, Monica Mutsvangwa at the post cabinet briefing press conference, cabinet was worried with the prolonged crisis...
Staff Reporter ZVIMBA- Acting headman Ranganayi Raphael Nyamangara of Zvimba looks dejected and frustrated as he accuses Government for allowing two Chinese investors to extract chrome deposits near the Great Dyke, about 80 kilometres north-west of Harare. Two Chinese companies namely Decolux and San He Mining entered into partnership with Zim-Alloys...
Following  Intratrek Zimbabwe’s victory in the High Court over a contract dispute involving the Gwanda solar project, its technical partner CHiNT Electric Co has this week written to Energy and Power Development minister Joram Gumbo to reaffirm its commitment to see the successful completion of the 100...
Nigel Pfunde Deputy News Editor Finance minister  Mthuli Ncube  has proposed the privatisation of at least sixteen State Enterprises and Parastatals (SEPs)and liquidate five others within the next twelve months. Addressing  delegates at the 2019 Parliament pre-budget seminar in Bulawayo last week, Ncube proposed the partial  privatisation and joint ventures of...
STAFF WRITER PRESIDENT Emmerson Mnangagwa and senior government officials are set to get a five percent pay cut as government embarks on austerity measures, focused on enhancing the health of the country’s public finances. Delivering the 2019 Budget in the National Assembly this afternoon Finance Minister Mthuli Ncube said the 2019...
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