Business

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 ...

Former Finance Minister Tendai Biti has claimed that the new Zimbabwe Dollar notes were printed in January this year. Reserve Bank of Zimbabwe (RBZ) has recently announced that it will reintroduce the Zimbabwean Dollar notes of its currency. Posting on his twitter handle Biti said, “The madness continues unabated. These notes were printed long back in January 2019 but they ...

Zimbabwe second largest mobile network provider NetOne today signed a Memorandum of Understanding with Harare Institute of Technology with the Mobile & Data giant financially and infra-structurally supporting the elite state tertiary learning institution. NetOne Chief Executive Lazarus Muchenje has applauded this strategic and first in the sector relationship. Muchenje said the partnership will empower the community especially women and ...

The Zimbabwe Energy Regulatory Authority (ZERA) has announced an increase in the price of fuels effective from yesterday, Monday 28 October 2019. The price of fuel hikes has been on hold now for the past three weeks. Maximum pump price of Diesel is now ZWL 17.47 up from ZWL 15.46 and Blend E20 now costs ZWL 16.75 up from ZWL ...

Reserve Bank of Zimbabwe (RBZ) has dismissed reports circulating on the media that the bank has changed the policy and administrative arrangements regarding the treatment of nostro accounts and cash withdrawals. In a statement RBZ Governor Dr J P Mangudya assured people that there has not been any change regarding free funds. He further said that the funds are to ...

AIpha Media Holdings Group (AMH) has dismissed reports circulating on social media that President Mnangagwa has bought 30% of the Media Group through his son-in-law Gerald Mlotshwa. In a statement, company secretary Prudence N.Mutsvanga said the AMH has not been in any negotiations with the President or anybody purporting to represent him. Mutsvanga also said the company’s principles are protected ...

Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) have threatened to put down tools if the government does not address their grievances. “Teachers have suffered enough come 14 October 2019 they will be indefinitely withdrawing their labor!!!!!!!!!! All teachers are invited to join this job action. Teacher munhuwo. Zvakwana!!!!!!!Sokukwanele!!!!,” Teachers have asked for an increase of their salaries as their labor ...

Zimbabwe Energy Regulatory Authority (Zera) has approved adjustments of electricity tariffs, with effect from October 3. This follows after Zimbabwe Electricity Transmission and Distribution Company (ZETDC) had applied seeking another adjustment following the previous application in August this year.Citing that current charges have been harshly weakened by the inflation prevailing in the country. Household tariffs will have a monthly fixed ...

Former Finance Minister and MDC-A Vice President Tendai Biti said the banning of cash-in, cash-out and cash back transactions by the Reserve Bank of Zimbabwe (RBZ) will not stop the parallel market. Minister of Finance Mthuli Ncube yesterday announced that the RBZ will outlaw cash-in, cash out and cash back transactions as to reduce burden on citizens who are losing ...

Government through Ministry of Information,Publicity and Broadcasting Services has announced that it will be increasing bus fare standards of the Zimbabwe United Passenger Company (ZUPCO) buses with effect from 01 October 2019. The Ministry of Information, Publicity and Broadcasting Services said, “From the 1st of October 2019 the ZUPCO bus standard fare will rise from ZWL$0.50 to ZWL$1.00,”  Government only ...