Brace for spike in NPLS, banks warned
The increase in lending interest rates is likely to lead to a spike in Non-Performing Loans (NPLs) and economic stagnation as most companies will struggle to service existing loans. Industry … Read More
Author: Admin
Steel plant to turnaround Zim’s fortunes
The Manhize iron and steel plant is set to make Mvuma a major industrial town, while also making Zimbabwe one of the biggest global steel producers in the world, driven … Read More
Farmers in value addition drive
FARMERS at Artherstone Irrigation Scheme in Insiza have established a mill where they are producing maize meal and selling it to surrounding communities. The farmers are also producing lucerne fodder … Read More
Govt to quicken State enterprises reforms
ZIMBABWE is now speeding up the reforms of selected state-owned enterprises (SOEs) after concluding the contracts with transactional advisers, an official has said. This was after the Government adopted the … Read More
Zimre Holdings GPW jumps 53pc
Zimre Holdings Limited (ZHL) Gross Premium Written (GPW) for the year ended December 31, 2021 grew by 53 percent to $5,2 billion from $3,4 billion in the prior year largely … Read More
Business reiterates call to clear auction backlog
BUSINESS leaders have implored authorities to prioritise clearing the foreign currency auction allotments backlog they say continues to stifle production in the economy. Last year, the manufacturing sector recorded 56,25 … Read More
RBZ gold coins to strengthen Zimdollar
The Reserve Bank of Zimbabwe (RBZ) last week, following a resolution agreed on by its Monetary Policy Committee (MPC), announced plans to introduce gold coins to be used as a … Read More
Over 115 to exhibit at Mine Entra
PREPARATIONS for Zimbabwe’s largest mining stakeholders gathering, Mine Entra are advanced with 115 exhibitors having booked for the exhibition later this month. The exhibitors include four from China, South Africa … Read More
Massive reshuffling looms at ZETDC
ZESA Holdings subsidiary, the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) plans to reshuffle staff at various work stations across the country by the end of August this year, NewsDay … Read More
RTG to use 100% forex retention on capex
HOSPITALITY firm, Rainbow Tourism Group (RTG) chief executive Tendai Madziwanyika says the company will use its 100% retention on foreign currency revenues to refurbish its properties. In February, in order … Read More
