Business

The Zimbabwe Asset Management Company (Zamco) says it is ready to disburse a $5 million recapitalisation facility to Merlin once the company is handed over to its shareholders by the judicial manager.
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Two of the four Boeing 777-200 ER planes bought by the Government from Malaysia are expected in the country within two months, Transport and Infrastructure Development Minister Joel Biggie Matiza has said.
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The upward review of fuel prices by the Zimbabwe Energy Regulatory Authority (ZERA) with immediate effect, has elicited mixed reactions, but economists agree that while the move was inflationary, the decision was long overdue.
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The Zimbabwe United Passenger Company (Zupco) yesterday introduced a convenient electronic ticketing system that will ease transactions and plug cash leakages from the public transport operator.
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Celebrity chef Jamie Oliver has said he is "devastated" after his restaurant group went into administration, with 1,000 jobs being lost.
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The High Court has ordered the National University of Science and Technology (Nust) to pay more than US$200 000 to a Bulawayo engineering company for work carried out in connection with the proposed construction of student hostels.
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Police in Bulawayo have arrested two Harare suspected fraudsters who allegedly used a briefcase company to swindle two chemical supplying companies of products worth more than $32 000.
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Econet Wireless has launched an all-new YoMix application that provides fresh, lustrous interface for its clients and a revamped menu loaded with several new functions.
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Government has, with effect from today, removed the 1:1 foreign currency exchange rate for the procurement of fuel by oil marketing companies, which will result in the interbank market being used.
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Platinum giant Zimplats will embark on livestock production at its mines and is also planning to establish a stock feed processing company in Mhondoro-Ngezi.
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