Create committee to take recommendations on industry to Cabinet – Bimha

bimha(Newsday) Industry and Commerce minister Mike Bimha says there is need for Parliament to create a standing committee to take recommendations on industry to Cabinet to speed up the implementation of policies. The move comes at a time when there is inertia on implementing policies. Continue reading Create committee to take recommendations on industry to Cabinet – Bimha

Tobacco farmers protest against low prices…as TIMB is to introduce e-marketing

TobaccoTobacco farmers todyesterday demonstrated against the low trading prices of the golden leaf at Boka Tobacco Auction Floors resulting in the temporary suspension of trading at the floors. The crop was fetching between $50c and $3.10 per kg, triggering an angry reaction from farmers. Continue reading Tobacco farmers protest against low prices…as TIMB is to introduce e-marketing

French Development Agency meets Chinamasa to explore financing opportunities

MOF CDE P Chinamasa
MOF CDE P Chinamasa

A French Development Agency delegation met Finance and Economic Development Minister Patrick Chinamasa this morning to explore ways to shore up development assistance to Zimbabwe.

Speaking to the media after the meeting, Finance and Economic Development Minister Patrick Chinamasa said the meeting centred mainly on how the agency could increase financial support to the country’s private sector. Continue reading French Development Agency meets Chinamasa to explore financing opportunities

Liquidation a better devil for weak banks

RBZFinX-The year 2015 appears to be one of the worst for the banking sector especially if one infers the events that have taken place between the month of January and February alone. In early January, ailing Allied Bank voluntarily surrendered its banking licence while Interfin was placed under provisional liquidation. The latter’s decision for provisional liquidation arose after the expiry of the recuperative curatorship which it had been placed on since June 2012. As we approached the end of January, the only merchant banking shop in town, Tetrad Investment Bank, was placed under judicial management. This was a first in the sector as most banks were traditionally placed under curatorship. Continue reading Liquidation a better devil for weak banks

RBZ’s Credit Bureau to be operational by June: Mangudya

RBZFinX-The Reserve Bank of Zimbabwe (RBZ) plans to launch the Credit Reference Bureau (CRB) in the first half of this year, RBZ governor, Dr John Mangudya has said.

In an interview, Mangudya said the CRB will go a long way in reducing the high interest rates currently being charged by players in the banking sector. Continue reading RBZ’s Credit Bureau to be operational by June: Mangudya

Brokers unhappy over $1 mln project

ZSE(Herald) The Zimbabwe Stock Exchange will move away from the Central Business District this half of the year following the purchase of a residential building by the secretariat, in a transaction which major shareholders the stockbrokers are not happy with. ZSE bought the house for about $500 000 and engaged Rio Douro Construction to renovate the small old home into a classy state-of-the-art office complex. Continue reading Brokers unhappy over $1 mln project

ZNCC Latest News

India to pay travel expenses for local business to attend Expo
300px-A380_Emirates_A6-EDC

The Indian Export Promotion Council for Handicrafts (EPCH) is organizing the  4th edition of Home E


Create committee to take recommendations on industry to Cabinet – Bimha
bimha

(Newsday) Industry and Commerce minister Mike Bimha says there is need for Parliament to create a st


Tobacco farmers protest against low prices…as TIMB is to introduce e-marketing
Tobacco

Tobacco farmers todyesterday demonstrated against the low trading prices of the golden leaf at Boka


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