Zim banks urged to bail out foreign tourists on cash shortages

Harare– The Zimbabwe Council for  Tourism (ZCT) on Thursday urged local banks to come up with strategies  to ensure foreign tourists visiting the country can access hard cash as  a way of promoting the sector and boost earnings.
Posted On 29 Sep 2016

Government to prioritise soya bean production – Acting President

Harare–The cooking oil manufacturing  industry in Zimbabwe is now able to produce enough to meet local demand  but is being constrained by shortages of raw materials, a development  that will see the Government considering including soya bean among crops  whose production it will...
Posted On 23 Sep 2016

Zim allays fuel shortage fears

HARARE – Government yesterday dismissed reports that the country is running out of fuel and will soon dry up.Energy and Power Development permanent secretary Patson Mbiriri said the country had adequate fuel supplies to meet local demand.
Posted On 23 Sep 2016

RBZ secures $10m facility for horticulture

HARARE – Government through the Reserve Bank of Zimbabwe has secured a $10 million facility for horticulture as part of efforts to improve productivity in the sector and enhance exports.This comes after Government has also announced it will scrap horticulture export permits...
Posted On 23 Sep 2016

Established businesses drive Innscor performance

HARARE – Listed conglomerate Innscor Africa’s revenues for the year ended June 30, 2016 rose 6 percent $586 million from $554 million in the prior comparable period.
Posted On 22 Sep 2016

Digital platforms to drive Zimpapers

The country’s largest diversified media group, Zimbabwe Newspapers (1980) Ltd sees revenues from its digital platforms contributing significantly to its bottomline going forward.
Posted On 22 Sep 2016

DRIS to knock down remittance costs: RBZ

HARARE – The Reserve Bank of Zimbabwe’s new Diaspora Remittances Incentives Scheme (DRIS) is set to reduce the cost of diaspora remittances into the country, an RBZ official has said.The DRIS – an extension of the central bank’s 5 percent export incentives scheme that was...
Posted On 21 Sep 2016

EcoCash partners Mukuru

HARARE – Econet Wireless’s mobile money transfer platform, Ecocash, has partnered regional firm Mukuru Money Transfer in a development that will see Zimbabweans in South Africa sending money directly into local EcoCash wallets.The initiative is expected to boost Zimbabwe’s...
Posted On 21 Sep 2016

‘Choppies Zimbabwe to return to profitability in FY2017’

HARARE –Choppies Zimbabwe posted a loss in the full-year to June 30, 2016 but management maintains that the retailer will become profitable in the new financial year.Choppies Zimbabwe is a subsidiary of the Botswana-headquarter group Choppies Enterprises.
Posted On 21 Sep 2016

Four microfinance banks now in operation – RBZ

Harare – Four micro-finance banks (MFBs) are now operating in Zimbabwe and are competing aggressively with established financial institutions for deposits, the Reserve Bank of Zimbabwe (RBZ) has said.Unlike the traditional micro-finance institutions (MFIs) which just issue short...
Posted On 20 Sep 2016