Kuda Tagwirei’s Sakunda Holdings says it is funding the revival of two idled private hospitals in Harare so they can be used in government’s coronavirus response, scrambling to cool public outrage over reports the facilities are to...
THE Confederation of Zimbabwe Industries (CZI), the country’s main business representative body, has come out in support of government’s 2% tax on electronic payments after initially opposing the unpopular revenue measure. The tax, announced by Finance Minister Mthuli Ncube on...
GOVERNMENT spending outpaced revenue by $225 million in the first quarter of 2018, up from $183 million last year, latest official data shows. The data shows government overshot its travel budget, while committing more to capital expenditure than was initially...
Costs are rising, investment is falling and customers are using less money on their cellphones, according to the latest quarterly report on Zimbabwe’s telecoms just released by the industry regulator. The latest report, for...
Zimbabwe, which is banking on investment in its natural resources to arrest an economic free-fall, faces having the assets of the state mining company seized after a final appeal of a 2014 arbitration ruling failed.
ZANU-PF has secured a majority in Parliament after posting big wins across its rural strongholds, latest election results released today show, pointing to a victory for President Emmerson Mnangagwa. Results released early Wednesday by the Zimbabwe Electoral Commission (ZEC) showed...
Zimbabwe’s Constitutional Court has upheld President Emmerson Mnangagwa’s victory in the July 30 election, dismissing opposition leader Nelson Chamisa’s application to overturn the poll. An inauguration will now be held on Sunday, as required by law. A detailed ruling will be...
Cafca, Zimbabwe’s sole cable manufacturer, says it expects earnings to come in five times higher than last year due to strong local demand for its products. The company issued a profit warning on Monday, telling shareholders that earnings per share...
Old Mutual Zimbabwe is to provide Z$2 billion worth of life cover to health workers on the frontline of the coronavirus fight, the country’s largest insurer says.   CEO Sam Matsekete said Old Mutual...
Zimbabwe needs better policy coordination and must mend relations with international lenders to support its “necessary reforms”, a team of visiting African Development Bank executives says. A seven-member delegation of Executive Directors of...
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