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Tobacco prices slump

HARARE – Tobacco prices have receded to an average of $2,91 per kg this season compared to last year’s $3,49, figures from…

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‘Gloomy economic outlook to persist’

HARARE – Prospects of Zimbabwe’s economic revival remain gloomy with developments indicating a tough time ahead, economic analysts say. Among the challenges, the economists…

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Gold earnings slump 20pc

HARARE – Zimbabwe’s total gold earnings slumped 20 percent to $626 million last year from $783 million realised in 2012, latest Chamber…

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Jet in depressed performance

HARARE – Edgars Stores Limited (Edgars)’ South African-themed Jet stores performed below expectation as the unit’s profit slumped 40 percent to $522…

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Parly raps bank charges hike

HARARE – Parliament on Monday grilled bankers over increased bank charges following the expiry of an agreement putting a cap on interest…

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Govt closes CBZ account

HARARE – Government has closed its CBZ Bank (CBZ) account, a move the financial institution said will not affect its business. CBZ…

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Invest mining revenue: World Bank

HARARE – Zimbabwe must invest its mining revenue into other sectors to curb over-reliance on mineral exports-driven economic growth, according to World…

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