Kudzanai Gerede Business Correspondent Government excessive borrowing on the local banking sector is weakening the overall financial services market, with continued issuance of Treasury Bonds and overdrafts at the Central Bank escalating the creation of virtual money in the form of Real Time Gross Settlement (RTGS) transactions, latest figures show.
Kudzanai Gerede Business Correspondent Government efforts to combat rising food inflation since the new administration took over is paying off, with a steady price readjustment on food staffs in most supermarkets across the country, Post Business can reveal. Inflation rose sharply during third quarter last year spilling into the first weeks of January this year […]
Lovemore Kadzura Rusape Correspondent A LEAST 5 000 smallholder tobacco growers have benefitted from the Tobacco Input and Credit Scheme that was introduced this season to rescue those rejected by tobacco contractors. The inputs scheme was being administered by the Tobacco Industry and Marketing Board (TIMB).
The Zimbabwe Revenue Authority (ZIMRA) has embraced EcoCash payments to provide total convenience to the transacting public in paying their duties and taxes. To this end, Import Duties can now be paid using EcoCash. ZIMRA has, therefore, added the EcoCash payment facility to the other existing modes of payments, which include Electronic Funds Transfers, Swipe […]
Kudzanai Gerede Business Correspondent Following President Mnangagwa’s maiden visit to the World Economic Forum in Davos, Switzerland last week, the country is poised for an improvement in Foreign Direct Investment inflows as the Zimbabwean leader grabbed the opportunity to present a positive narrative for the country during various meetings with key financial institutions representatives, and […]
Blessing Rwizi and Sharon Chigeza MUTARE-headquartered Greenit Diversified Group (GDG) Pvt Ltd has taken up banana flour production, with 15 qualified workers having been recruited since August 2017. The idea was the brainchild of two Mutare youths, Messers Munashe Musarurwa and Ropafadzo Zimunya to redefine job creation and restoration of food security in Manicaland.
Liberty Dube Business Correspondent FERN Hill Park, situated seven kilometres from Mutare, along Bvumba Road, is offering a unique opportunity to build a dream home, holiday home or investment home in a serene, secluded private location.
Kudzanai Gerede Business Correspondent The cash crisis that choking the country has divided opinion on what stance Government should take in order to subvert the challenge, with the debate taking centre stage in a recent Parliamentary post-budget workshop held last week on Monday in Harare.
Kudzanai Gerede Business Correspondent On the backdrop of a tumultuous 2017, experts are confident the year 2018 will bear a much positive outcome for the economy particularly with regards to increased investment flows into the country expected to be the key determinant for economic growth.
Rumbidzayi Zinyuke Senior Business Reporter Zimbabwe and many other sub-Saharan economies that rely on commodities could be set for a year of mixed fortunes as some market fundamentals of supply and demand seem favourable to price increases in 2018 while some metals like gold and platinum are headed for a tough year. Economic activity in […]