Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Dr Jesimen Chipika has said that Zimbabwe’s cash problems had actually allowed the country to progress to becoming a cashless society. Addressing stakeholders at the Ecobank Emerald Club launch on Tuesday, Chipika said
Yes, you may want to have cash but the world over even in the United States they use plastic money… Read more
AMERICAN conglomerate PepsiCo is looking at Zimbabwe among three other countries in the region to set up a snack plant.
Speaking to NewsDay after the launch of the Pepsi plant under Varun Beverages Zimbabwe Private Limited in Harare on Wednesday, PepsiCo sub-Sahara African GM vice-president Sarah-Anne Orphanides said the market was attractive.
“We are looking at how we now take the success we have had in South Africa into other markets. Read more
Speaking at the opening of Davipel’s $12 million snack manufacturing plant at the firm’s headquarters in Sunway City 2 weeks ago, Industry Minister, Mike Bimha said 75% of products in shops are locally manufactured because of Statutory Instrument 122 of 2017.
Bimha said the opening of Davipel’s $12 million snack manufacturing plant was a result of Statutory Instrument 64 of 2016, which is now Statutory 122 of 2017.
We are happy to tell the nation that the opening of this state- of –the-art plant is a result of Statutory Instrument 64 of 2016, which is now Statutory 122 of 2017, which was critical for assisting increased domestic production and capacity utilisation. Read more
Yahoo Messenger, one of the first instant messaging service has announced that it will shut down on July 17.
Yahoo made the announcement on its website, where it said the service can be used normally only until next month.
Read the full statement below…
A while back we announced that we had completely modernized the technology that powered Yahoo Messenger. We made significant upgrades to key areas like photo sharing, made the service faster and more secure.
With the new platform, we were also able to build new types of messaging products and integrations. For example, our recently announced group messaging product, Yahoo Squirrel, aimed at improving the productivity of messaging, is based on this platform. Read more
The chief executive of Zimbabwe’s EcoCash Natalie Paida Jabangwe has been named Young Global Leader (YGL) by the influential Swiss–based World Economic Forum (WEF).
She joins 100 other top trailblazers, under 40 in the world, working in business, government, academia and the media who have been selected by the World Economic Forum.
“We’re challenging these 100 women and men to do more and be more. They’ll join a community of enterprising, socially minded leaders working as a force for good, and highlight the potential for innovation to correct the shortcomings in our economies and societies,” said John Dutton, Head of the Forum of Young Global Leaders at the World Economic Forum. Read more
Former president Robert Mugabe’s son-in-law Simba Chikore has admitted that Zimbabwe Airways was set up to avoid Air Zimbabwe’s debts and obligations.
He also denied allegations that his in-laws, the former first family were the owners of the airline.
The ownership of Zimbabwe Airlines is still unclear as Minister of Transport Jorum Gumbo has given contrasting statements in the past. Read more
The price of bread has gone up by 11 percent from $0.90 (90 cents) to $1.00. Unlike the last time when only Bakers Inn increased the price of bread, this time all three major bakeries, Bakers Inn, Lobels and Proton have been uniform in increasing the prices.
The bakeries have also phased out what they used to term the “Family Loaf” or the” Super Loaf.” These loaves used to retail for $1 in the past and were very popular with consumers because they had more slices than the normal loaves. Read more
Chief executive of the Rwanda Development Board, Ms Clare Akamanzi is in the country at the request of President Emmerson Mnangagwa to address Cabinet members, the private sector and civil servants on how Rwanda managed to attract huge foreign direct investment within a short space of time.
Akamanzi’s deputy, Mr Emmanuel Hategeka, is expected to arrive today. Speaking to The Herald on Monday, presidential spokesperson Mr George Charamba said President Mnangagwa was impressed by the progress made by Rwanda economically. Read more
THE Civil Aviation Authority of Zimbabwe (CAAZ) has taken the delivery of a Boeing 777 plane acquired under from Malaysia.
Ministers Joram Gumbo and Patrick Chinamsa have released a joint statement on the planes. The planes were bought by govt and are being leased out, including to Zim Airways. Air Zimbabwe will not run them.
They don’t specifically say who owns Zim Airways, but it is believed govt owns the company.
Speaking after the delivery of the first Zim Airways plane, Finance Min Chinamasa said:
“I’m here to categorically state that this plane is the property of the Republic of Zimbabwe and not the former First Family”
Chinamasa also mentioned that three more planes are to be delivered, including an Embraer. He said the whole deal is worth $70m
AN advance team for Africa’s richest man, Aliko Dangote, landed in Harare yesterday on a 10-day scouting mission for fresh business opportunities in the coal and power generation sectors, after initial attempts were blocked during former President Robert Mugabe’s reign nearly three years ago.
Led by its geologist, Naresh Kumar, the Dangote team said they were exploring opportunities in coal mining with a view to setting-up a power generation plant.
Kumar said they were looking at investing over a billion dollars, adding Dangote would visit Zimbabwe in the next few weeks to seal the business deals.
“We are targeting coal mining, but for now we are here to look for the mines and see how many we can get,” Kumar said. Read more