Articles tagged 'business'

'Multi-currency system to stay' 30 October 2018 HARARE - President Emmerson Mnangagwa, yesterday said the multi-currency system is here to stay, and encouraged Zimbabweans to be patient and endure the pain while his government makes efforts to revive the economy. Mnangagwa made these remarks at the State House yesterday, where he hosted ban...
ED externalisation list: Business pressures govt 1 April 2018 HARARE - Zimbabwe's largest business lobby group, the Confederation of Zimbabwe Industries (CZI), is pressing government to clear 40 of its members who were “wrongly” listed as money externalisers by President Emmerson Mnangagwa. The body has scheduled a meeting with central bank governor, Joh...
'Lack of resources hindering growth' 1 January 2018 HARARE – Lack of resources — material, technological and financial — remains a serious obstacle to the development of Zimbabwean entrepreneurs, the Affirmative Action Group (AAG) has said. The empowerment lobby group said this in a congratulatory message to retired general Constantino Chiwenga...
Highs and lows of business 1 January 2017 HARARE - The year 2016 will go down as a tough one for the local economy since 2008 as the country slid back into recession and unemployment skyrocketed to unprecedented levels. Zimbabwe's economy was expected to grow by 2,7 percent this year before it was slashed to 0,6 percent this year due ...
Mugabe, industry must meet urgently 24 October 2014 HARARE - President Robert Mugabe has indicated that he wants to meet industry players before year-end to ascertain the extent of damage in the sector. While we understand that the meeting is long overdue — as it should have been conducted last year soon after the elections — nonetheless the mo...
Mugabe's new threat to SA firms 13 August 2013 HARARE - News that President Robert Mugabe will continue for a seventh term has left investors white in the face — not exactly a useful colour in Zimbabwe right now. Mugabe will target the remaining 1 138 white and foreign-owned companies left in the country, as well as local banks with foreig...
Uncertainty haunts Zim 12 August 2013 HARARE - As the country races towards year-end, the aftermath of Zanu PF's heavily-contested election victory has brought uncertainty on a stuttering economy and could have a negative impact on millions of Zimbabweans reeling with poverty and a bleak future. Long-suffering Zimbabweans are faci...
'Zanu PF victory not detrimental to economy' 9 August 2013 BULAWAYO - President Robert Mugabe's Zanu PF has been rattled by the panic gripping the nation triggered by its contested victory in the just-ended harmonised elections. The party's Bulawayo provincial chairperson Callistus Ndlovu said growing fears which have led to some people trying to pull...
Sound policies key to economy 9 August 2013 HARARE - President Robert Mugabe and his Zanu PF party have a mammoth task of convincing a sceptical world that Zimbabwe can grow its economy. There is no doubt that the gains of the four-year transitional government are at risk of being reversed as the world shivers at the prospect of a five-...
'Economy to nose-dive' 2 August 2013 HARARE - With reports indicating yesterday that Zanu PF and President Robert Mugabe were headed for a controversial win in the harmonised elections, the economy is likely to nose-dive, economists say. According to Mugabe's Zanu PF manifesto, the 89-year-old leader — who has presided over the c...
Mugabe win disastrous: Economists 30 July 2013 HARARE - With less than 24 hours left for Zimbabweans to vote in a make-or-break election, economists say the country s economy will decelerate further if President Robert Mugabe wins. Zimbabwe s economy still suffering a hangover from a decade-long recession relatively stabilised and registered ...