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New Vic Falls airport “a game changer”

THE new $150 million international airport at Victoria Falls will change the face of the region, a tourism industry leader says. Africa Albida Tourism chief executive Ross Kennedy said: “The Victoria Falls Airport is going to be a massive game changer, not only Zimbabwe, but for the region.…

China makes inroads into Zimbabwe

WESTERN diplomats based in Zimbabwe appeared unsettled by the reported multi-million dollar deals struck by President Robert Mugabe during his week-long State visit to China. But despite feigning to be unperturbed, the United States and its allies are said to be gravely concerned by the Asian giant’s inroads…

Depressed workforce costs economy $100m

A LARGE proportion of Zimbabwe’s workforce is depressed and losing hope for a better future as economic hardships bite, with companies losing out as much as $100 million yearly in productivity losses, an industrial psychology survey has revealed. Zimbabwe’s economy is characterised by high unemployment, while the majority…

FBC Holdings crowned best listed firm

ZIMBABWE Stock Exchange (ZSE)-listed banking group, FBC Holdings Limited, was yesterday crowned the best performing counter on the local bourse in the Financial Gazette’s Top Companies Survey 2014. The best ZSE performers were announced at an awards ceremony held in Harare on August 27. The Financial Gazette’s Top…

Beef industry in doldrums

ALONG the two major highways heading north and northwest to Harare and Bulawayo from Zimbabwe’s southern border town of Beitbridge, carcasses of cattle killed by speeding vehicles are a common sight. This is because fencing that stretched for thousands of kilometres, which once upon a time kept livestock…

NRZ recapitalisation under threat

A recapitalisation deal for the National Railways of Zimbabwe (NRZ) has been stalled by a procurement dispute between government and the Development Bank of Southern Africa (DBSA). DBSA, which is owned by the South African government, has agreed to inject US$460 million into the struggling NRZ on condition…

Gwanza photography month opens in Harare

THE 13th edition of Gwanza: Month of Photography opened in Harare at Joina City on August 19. The event curated in collaboration with Njelele Art Station attracted the arts community in the city. Speaking at the event, Dana Whabira, who coordinated the exhibition expressed gratitude for the overwhelming…