Zim records US$17.7mln trade deficit in January
ZIMBABWE recorded a trade deficit of US$17,7 million in January this year compared to a surplus of US$1,4 million recorded during the same month in 2020. According to trade figures … Read More
Author: Bullszimbabwe
Stanbic recovers from loss, posts $1.1bn PAT
STANBIC Bank has posted an inflation adjusted profit after tax of ZWL1.1 billion for the year ended 31 December 2020, recovering from a ZW$44 million loss in the prior year. … Read More
Strive Masiyiwa’s group plans to deploy 4 000km network in DRC
AFTER laying 2,500km of optical fibre in the western DRC, Liquid Intelligent Technologies, a subsidiary of the Zimbabwean group Econet Wireless, plans to deploy a new 4,000km network between the … Read More
Tax break for solar investors
INVESTORS who will participate in the generation of solar power in the country are set to enjoy a five-year tax holiday with those importing gadgets used for generating solar exempted … Read More
RBZ introduces stringent tobacco regulations
The Reserve Bank of Zimbabwe has introduced regulations for the 2021 tobacco marketing season that will see contractors producing documentary proof of drawdowns from their offshore accounts and receipts of … Read More
Diamond workers slam Labour Act violations
THE Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has decried casualisation of labour in the mining industry. The union last week said employees were being engaged for several years … Read More
Crisis mounts as cost of living spikes again…even professionals are at risk, new data shows
THE cost of living for an average family of five shot to $26 560 this month, from $25 900 in February, following a price rage that has defied a range … Read More
AfDB pegs Zim growth at 4,2%
ZIMBABWE’S economy contracted by 10% last year and is envisaged to grow by 4,2% in 2021 if effective measures are taken to stabilise foreign exchange and avoid excessive money creation, … Read More
Standard Bank named Best Bank in Africa
Stanbic Bank Zimbabwe’s South African-based parent company, Standard Bank Group, has been named the Best Bank in Africa in Global Finance’s 28th annual awards for the World’s Best Banks. Additionally, … Read More
First oil, gas well to cost $30 million, Invictus
INVICTUS Energy says it will invest between US$15 million and US$30 million towards drilling at least one oil and gas exploration well, likely before end of year, chairman Joe Mutizwa … Read More
