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Industry calls for devaluation

HARARE – Zimbabwe must facilitate for a devaluation process of the United States Dollar to lower basic commodity prices and improve the…

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Cut wage bill, Zim told

HARARE – The World Bank (WB) says Zimbabwe must quickly reduce its “huge wage bill” as it is affecting infrastructure development in…

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Cottco considers govt proposal

HARARE – Cottco Holdings Limited (Cottco) shareholders are meeting next month to consider government’s proposal to take over the struggling company’s debt…

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Banks slash interest rates

HARARE – Zimbabwe’s financial services institutions have slashed interest rates by more than 50 percent in compliance with the central bank’s directive….

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Mixed fortunes for platinum miners

HARARE – Zimbabwe’s largest platinum producer, Zimplats Holdings Limited (Zimplats)’s, indigenisation plan has been approved but the country is yet to give…

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Chinese rebrand Mwana Africa

HARARE – London-listed Mwana Africa Plc (Mwana) is rebranding to Asa Resources Group Plc to reflect the new Chinese shareholding structure. The…

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EU backs Zim debt strategy

HARARE – The European Union (EU) says it supports Zimbabwe’s debt repayment strategy and will facilitate for “progressive” discussions with creditors at…

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