November 30, 2024
DEMOCRACY continues to elude the Zimbabwean body politic with the two main political parties showing beyond any reasonable doubt that dissenting voices will not be suffered gladly. Convergence, not divergence, has apparently been the preferred mode of operation across the political divide, with democracy emerging as the unfortunate…
THE central bank said yesterday it had mobilised US$50 million to fund Fidelity Printers and Refiners to accelerate gold production in Zimbabwe. The move came as the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said Zimbabwe’s battered economy’s mineral export revenue would be driven by gold in…
ZIMBABWE will from March 3-5 2015 host the African Seed Trade Association Congress (AFSTA) at Elephant Hills Resort in Victoria Falls. Established in 1999, AFSTA was created out of the need to have a regional representative body for the seed industry, which also serves to promote the development…
ZIMBABWE’S banking sector’s core capital increased to US$811,2 million for the year ended December 2014 from US$790,4 million in the prior year. Core capital is an amount a bank should have on hand in order to comply with the central bank’s regulations. It consists of equity capital and…
WELSHMAN Ncube, leader of the Movement for Democratic Change (MDC), said his party was unlikely to make any overtures to ousted ZANU-PF members any time soon, but adopt a wait and see stance as the “character” of the fallen cadres of the ruling party remained questionable. (more…)
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The Financial Gazette's (RN) spoke to Welshman Ncube (WN), Movement for Democratic Change (MDC) leader, this week to find out about the emotive issue of how his party and the MDC Renewal Team led by Sekai Holland, in the interim, will share leadership positions. (more…)
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BULAWAYO — Industry and Commerce Deputy Minister, Chiratidzo Mabuwa, says Bulawayo could be restored to its former status as the industrial hub of Zimbabwe notwithstanding a myriad of operational challenges dogging most companies in the country. The turn of the millennium witnessed massive closure of companies in the…
THOUSANDS of people working in small fast food outlets have been pushed out of employment without pay or benefits as companies abruptly terminate jobs or close shop, the Financial Gazette’s Companies & Markets (C&M) has established. (more…)
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Diversified tobacco firm, TSL Limited, says it is looking for new opportunities beyond the golden leaf, with a focus on activities that incorporate value addition and exports. The group said this after announcing that its revenue for the year to October 31, 2014 rose by 19 percent to…
Kenneth Matimaire MUTARE — The country’s tea blenders and packers are facing stiff competition from cheap imports, which now constitute 25 percent of the local market, the Financial Gazette’s Companies & Markets can report. The local tea sector, dominated by Tanganda Tea Company, Eastern Highlands and Arda Katiyo…
