Business

Zimbabwe's power utility Zesa says it is not going to pay US$22 million to flamboyant business tycoon Wicknell Chivayo as reported, but instead his company Intratrek Zimbabwe (Pvt) Ltd has to fund the now court-reinstated US$172 million…
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The Supreme Court has dismissed the Zimbabwe Power Company (ZPC)'s appeal against a High Court decision which reinstated the US$173 million Gwanda solar project contract to controversial businessman Wicknell Chivayo’s Intratrek Zimbabwe.…
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HARARE - Finance, Economic Planning and Investment Promotion Minister Professor Mthuli Ncube has more than doubled road toll fees starting from January 1 next year. Light motor vehicles that currently pay US$2 or the equivalent in local…
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President Emmerson Mnangagwa's administration is once again being questioned on how it establishes its priorities following the release of Finance Minister Mthuli Ncube's 2024 budget which is mainly supporting the security sector more than…
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HARARE - Over 700 companies have been issued with licences to import about 200 000 metric tonnes of cement, a Cabinet Minister has said. Information, Publicity and Broadcasting Services Minister, Dr Jenfan Muswere said 461 of the 713…
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The Commercial Division of the High Court has ordered the audit of the late politician Eddison Zvobgo's business empire under Zvobgo Holdings after the siblings accused their uncle and other siblings who are controlling the empire of…
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President Emmerson Mnangagwa's rhetorical statements about the state of Zimbabwe’s volatile RTGs currency continue to haunt him with latest revelations from reliable global sources stating that the unpopular legal tender is the second…
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Three countries, Russia, China and South Africa who are also active members of BRICS accounted for around sixty-two percent of Zimbabwe’s total import value of US$901.5 million in October 2023. This was revealed in the latest report…
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Gweru, one of Zimbabwe’s heavy industrial hubs continues with its tailspin after the Bata Shoe Company retrenched 106 workers this past week on Monday. Except for Bata, most of Gweru’s industrial area is now a ghost town with large…
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Zimbabweans have been urged to brace for massive load-shedding following the decrease of water levels at Kariba Dam and the obsoleteness of three thermal power stations in Harare, Bulawayo and Munyati.
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