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Business

First Mutual Holdings records $0.1m profit

First Mutual Holdings Limited recorded a profit of $100 000 million for the year ended 31 December 2015.The profit comes after the company recorded a $5.1 million loss for the same period in 2014. Addressing delegates at the group’s Annual General Meeting in the capital, Group Chief Executive officer, Mr Douglas Hoto, said the previous […]

Align laws to improve trade government told

  Government has been urged to expedite the alignment laws  to help the country move forward as well as to improve trade. Addressing delegates at the launch of ZimTrade’s Trade Information Portal (TIP), an online platform which provides a comprehensive, single-point access of up to date  trade, investment, economic and regulatory information, head of European […]

OK Zimbabwe records decline in revenue

ONE of the country’s leading retailers, OK Zimbabwe Limited recorded a $24 million decline in revenue for the year ended 31 march 2016 as a result of persistence economic headwinds which hampered business operations. Addressing executive members at the company’s Annual General Meeting in the capital yesterday, Finance Director Alex Sayirova revealed the company financial […]

Zimbabwe’s Trade Information Portal to be launched

Zimbabwe’s first ever Trade Information Portal (TIP) will be officially launched on 9 June 2016, by the by Minister of Industry and Commerce, Hon. Mike Bimha and the Head of the European Union Delegation to Zimbabwe, Ambassador Philippe Van Damme. The Portal was developed under the EU-funded Trade and Private Sector Development Programme (TPSDP), which […]

ZimTrade to empower women entrepreneurs

Over 25 women entrepreneurs will participate in an Export Awareness Seminar to be conducted by ZimTrade on 20 May 2016, in Bulawayo. The seminar, which is part of ZimTrade’s women empowerment initiatives, is aimed at developing and enhancing the export skills of women in business to become effective exporters. Arears to be covered include, export […]

Youths urged to shun corruption

Youths have a role to play in as far as fighting corruption and creating a corrupt free generation if they are appointed in anti-corruption bodies, an official has said. Speaking on the sidelines of the Anti-corruption mini  summit in Harare , the British Ambassador to Zimbabwe, Catriona Liang underscored the need for youths to be […]

Former Mutare Mayor says bond notes are a no brainer

There is rising criticism against a proposed move by the Reserve Bank of Zimbabwe to introduce bond notes, with former Mutare Mayor Brian James, saying this is a redundant move which will fuel inflation. James told 263chat that plastic money was the better alternative, although he was quick to point out that government would need […]

Harare to host third Capacity Development Forum

Harare, Zimbabwe’s capital  is set to host a three day Capacity Development Forum  dubbed Developing capacity for Africa’s Economic and Social Transformation from the third to the fifth of May. Speaking ahead of the forum  to be held in African Capacity Building Foundation’s  (ACBF) host country, Zimbabwe, ACBF Executive Secretary, Professor Emmanuel Nnadozie said that […]

IBC 10th edition set for Bulawayo

National Economic Consultative Forum, a voluntary association of citizens eager to act in common purpose in pursuit of achieving Zimbabwe’s socioeconomic development goals is set to host the Zimbabwe International Business Conference (IBC)  on Wednesday . The 10th edition of the conference which is hosted annually alongside the Zimbabwe International Trade Fair is running under […]

 Africa: Low Commodity Prices Continue to Impede Growth

Economic activity in Sub-Saharan Africa slowed in 2015, with GDP growth averaging 3.0 percent, down from 4.5 percent in 2014. This means that the pace of expansion decelerated to the lows last seen in 2009. These figures are outlined in Africa’s Pulse, the World Bank’s twice-yearly analysis of economic trends and latest data for the […]