Business

 Government said it is mobilising funds for the repair and rehabilitation of abandoned roads by local authorities arguing that they are now becoming death traps for the travelling public. The govenment has declared the repairing of the abandoned roads as a State of Disaster to enable resource mobilisation. In a speech, Minister of Information, Publicity and Broadcasting Services Senator Monica Mutsvangwa ...

Zimbabwe Anti-Corruption Commission (ZACC) said it is carrying its investigations on phamarcies and health facilities that have been selling medicine at exorbitant prices in foreign currency. ZACC spokesperson Commissioner John Makamure said they have been receiving several complaints from members of the public regarding this issue which led them to carry out their own investigations. Phamarcies have been receiving foreign ...

In response to the statement that was issued by the Secretary of Information and Broadcasting Services, Nick Mangwana, pertaining the suspension of phone-based monetary transactions, Ecocash has released a statement which highlights that only the Reserve Bank can give a directive for the suspension. Part of the statement reads “Ecocash is regulated by the Reserve Bank of Zimbabwe and would ...

The police have listened to the public cry on bond notes and have urged people to report all people that refuse the bond note and coins so far seven people have been arrested. The arrest was made on the bases that the bond note and coins still remain the legal tender of the country. In a statement yesterday, national police ...

Government has, with immediate effect, suspended phone-based monetary transactions in a bid to ‘arrest and prosecute offenders.’ The press statement was released by the Secretary  for Information and Broadcasting Services, Nick Mangwana, and part of it highlights that ‘Ecocash, in particular, is acting as the centre pivot of the galloping black market foreign exchange rate and therefore, fuelling the incessant ...

MDC Alliance leader Nelson Chamisa has urged Zimbabweans to be competitive on the world market as media companies are generating a lot of income in other countries while Zimbabwe is succumbing to the ravages of economic decay. Chamisa commented Jon Erlichman’s tweet which showed how much money is generated by companies such as Apple, Google, Microsoft, Amazon, Facebook and Netflix ...

Government has announced that prices of mealie- meal have reduced, with the retail price of 10kg now costing ZWL $50. On behalf of His Excellency President Emmerson Mnangagwa, Minister of Finance and Economic Development Mthuli Ncube announced the price reduction in a statement.  “As you may be aware, His Excellency President, Cde E.D Mnangagwa announced that subsidies on maize be ...

Former Secretary of Zimbabwe Hospital Doctors Association (ZHDA) Dr Bhebhe M.A sounds ungrateful following London based Zimbabwean billionaire Strive Masiyiwa’s offer of ZWL $5000 to doctors. Posting on his twitter handle Bhebhe said Masiyiwa’s contribution is a short term solution and is only for junior doctors. “Mr Strive Masiyiwa your gesture of goodwill is noted. However, it is temporary and ...

NetOne has today announced that it has introduced a zero-rated transactions on all OneMoney transactions except the statutory 2% tax and card swipe charges. Addressing journalists at NetOne conference room the company’s Chief Executive Officer (CEO) Mr Lazarus Muchenje said there will be no charges when sending or receiving money and also on cash outs at any NetOne Shop or ...

President Emmerson Mnangagwa has commissioned new Zimbabwe United Passenger Company (ZUPCO) buses in Bulawayo at the City Hall car park. Mnangagwa is also expected to officiate the graduation ceremony of National University of Science Technology (NUST) after commissioning 76 buses. Ministry of Information, Publicity and Broadcasting tweeted, “LIVE FROM BULAWAYO where President @edmnangagwa is set to commission a new fleet ...