HARARE – Finance minister Mthuli Ncube has urged the government to be receptive to the reform demands of the opposition and Western powers — as this will enable Zimbabwe to access help from overseas companies and multilateral institutions such as the International Monetary Fund and the World Bank. Speaking in an exclusive interview with the…
HARARE – Finance minister Mthuli Ncube has urged the government to be receptive to the reform demands of the opposition and Western powers — as this will enable Zimbabwe to access help from overseas companies and multilateral institutions such as the International Monetary Fund and the World Bank. [Adz] [GoogleAd]
HARARE – Premier Service Medical Aid Society (Psmas) has set up small finance banks aimed at giving loans to civil servants who struggle to get finance from traditional banks. The State medical insurer has been given approvals by the Reserve Bank for small finance bank permits. Psmas operations manager Kenneth Gandawa told Equity Axis the…
HARARE – The Reserve Bank of Zimbabwe is set to receive a $500 million loan from the African Export-Import Bank (Afreximbank), a move meant to arrest the sliding official foreign currency reserves and provide much-needed breathing space to the new government. This comes as Zimbabwe is in the throes of worsening cash shortages, businesses closing,…
HARARE – Government yesterday banned incandescent light bulbs for general lighting in favour of more energy-efficient lighting alternatives. In a general notice in the government gazette, Energy and Power Development minister Joram Gumbo set regulations effectively banning the manufacture, importation or sale of incandescent light bulbs for general lighting. Under Statutory Instrument 208 of 2018…
HARARE – Zimbabwe School Examinations Council (Zimsec) has joined the Deloitte Tip-offs Anonymous Facility to maintain high levels of integrity which are in line with the Zimsec Charter and the Employment Code of Conduct. This comes as the examinations body is seeking to promote truthfulness and honesty in its functions. In a statement Zimsec said:…
HARARE – Struggling national airline Air Zimbabwe Holdings (Private) Limited (Air Zimbabwe) has been placed under reconstruction, as it seeks to clear its arrears in a bid to revive its operations. According to a notice published yesterday, Reggie Saruchera of Grant Thornton was appointed the administrator of the company to administer the revival of the…
HARARE – The Zimbabwe Consolidated Diamond Company (ZCDC) is set to develop land in Chimanimani town into a mixed residential area. The company, wholly-owned by the government, says it aims to identify and realise Zimbabwe’s diamond potential for the benefit of the nation and did not explain its forays into the real estate sector. ZCDC…
HARARE – The landmark Constitutional Court (Con-Court) ruling declaring unconstitutional the draconian Public Order and Security Act (Posa) is likely to open floodgates of protests, as agitated Zimbabweans are itching to get into the streets to express their discontent over the increasingly failing economy, analysts, unions and opposition groups have said. Under Posa, public gatherings…
HARARE – Zimbabwe Energy Regulatory Authority (Zera) has warned service stations against hiking fuel prices or withholding its sale for speculative reasons and threatened to cancel licences of service stations engaged in the rent-seeking behaviour. This comes amid imbalanced supply of fuel which has seen the emergence of long queues while service stations located in…
