Business

Zimbabwe officials resist accountancy changes

April 4, 2019 Staff Reporter 0

Resistance to new standards aimed at boosting transparency in the public sector is posing “challenges” to Zimbabwe’s government, a top official has revealed. Accountant General Daniel Muchemwa has disclosed that some senior bureaucrats are unwilling […]

Business

Cooking oil firms in forex quandary

April 2, 2019 Staff Reporter 0

Cooking oil producers are struggling to access foreign currency from the Reserve Bank of Zimbabwe (RBZ) and the interbank market, which they need to import key raw materials, raising fears the country might face fresh […]

Business

Fuel consumption declines

March 31, 2019 Staff Reporter 0

The consumption of diesel and petrol plunged by almost 1,5 million litres and 1,8 million litres per day respectively between January and February this year, compared to previous months on the back of price adjustments […]

Business

Van Hoogstraten shakes CFI

March 31, 2019 Staff Reporter 0

Business tycoon Nicholas Van Hoogstraten through one of his investment vehicles, has moved to increase shareholding in Zimbabwe Stock Exchange (ZSE) suspended agro-industrial group CFI Holdings under controversial circumstances. It emerged at the company’s recent […]

Business

Zimbabwe wheat production plummets

March 28, 2019 Staff Reporter 0

Zimbabwe’s wheat production declined from 186 243 metric tonnes in 2017 to 160 600 metric tonnes last year, deputy Agriculture minister Vangelis Haritatos has said. This has resulted in the country increasingly relying on imports to […]

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