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Kudzanai Gerede

RBZ Blacklists Illegal Forex Dealers

The Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) has identified and blacklisted 30 people allegedly involved in illegal foreign currency trading using mobile phones and social media platforms. The FIU instructed banks, mobile money operators and other financial service providers to identify and freeze any accounts operated by the blacklisted individuals and, further, to […]

Hospitality Sector On The Rebound

Players in the country’s hospitality industry are gradually recovering from the impact of the COVID-19 pandemic which had practically brought the sector to a standstill due to international movement restrictions. The year 2020 was a difficult year for hoteliers after President Emmerson Mnangagwa twice announced hard lockdowns last year and another beginning of this year […]

Monthly Inflation Up 4.7 Percent In September

September inflation soared 4.73 percent, the highest price movement since January this year as the local currency continues to lose ground against the American dollar. The Zimbabwe dollar has been depreciating rapidly during the past few weeks on the parallel market, a development that has led to price hikes of goods and services as businesses […]

Stage Set For Harare Agric Show

All is now set for the commencement of the Harare Agricultural Show this Tuesday with the official opening slated for Thursday. The show will open to the public on Thursday till Saturday with the traditional festivities lined up although proof of COVID-19 vaccination will be required or be subjected to a free, instant COVID-19 test […]

Zimplow Issues Caution On Its Shares

Engineering concern, Zimplows has issued a cautionary statement to its shareholders and the investing public with the company currently in negotiations for a deal that may affect its Zimbabwe Stock Exchange share price. The group did not however reveal the nature of the transaction. “Shareholders are advised that Zimplows Holdings Limited is in discussions regarding […]

Residents Associations To Embark On Voter Education Exercise

17 residents associations from around the country have embarked on an ambitious initiative to encourage citizens to register to vote emphasizing on the linkage between elections and service delivery. During a recent meeting, the associations from urban and rural communities acknowledged the need to build active community participation in politics amid continued voter apathy arising […]

TSL Revenue Up 9 Percent In Third Quarter

TSL Limited revenue for the third quarter to 31 July 2021 grew by nine percent in inflation-adjusted terms on account of an increase in tobacco handled at its tobacco subsidiary- Tobacco Sales Floor in line with its decentralization strategy. Tobacco Sales Floor handled 16.7 mkg of tobacco in the quarter against 6.9 mkg handled in […]

Strong Order Book Catapults Masimba Revenue First Half 2021

Contracting and Industrial group, Masimba Holdings posted a 58 percent growth in revenue during the first half of the year as its diversification strategy paid off, earning the company a strong order book. The group earnings were mainly derived from the mining, infrastructure and road construction portfolios, the Group said in its half year financial […]

BNC Pin Hopes On Sustained Nickel Price Gains

Bindura Nickel Cooperation (BNC) says the sustained stable nickel prices seen since the beginning of the year of more than US$ 13 000 per tonne will make viable its high volume-low grade resource strategy. The rebound in the steel industry and a rising electric vehicle manufacturing drove nickel consumption beginning of the year although this rise in prices remains subjected to uncertainties in the global economy due to the threat of the pandemic. The Bindura-based miner is hence pinning hopes on anything above US$ 13 […]

Zim Civics Demand Democratic Space

Crisis in Zimbabwe Coalition (CZC)-a local conglomeration of more than 75 civic society organizations has urged the government to uphold tenets of democracy and desist from further shrinking the democratic space. This comes as the world celebrates Democracy Day today the 15th of September – a day recognized by the United Nations (UN). According to […]