The Zimbabwe Independent - The Leading Business Weekly

Tobacco selling season faces delay

ZIMBABWE’S Tobacco Industry Marketing Board (TIMB) is set to delay the start of the 2015 tobacco marketing season.
Mugabe has major cancer op

PRESIDENT Robert Mugabe underwent what is said to be a major prostate cancer operation during his annual holiday in Singapore, hence his delayed return to allow him time to recuperate.
Tension as bigwigs resist diamond mergers

TENSIONS are mounting in Zimbabwe’s diamond industry with top government officials behind the country’s major diamond mining companies reluctant to comply with Mines minister Walter Chidhakwa’s move to merge the firms.
Zim gold mines face collapse — mining chamber

Zimbabwe’s gold mining firms are making losses due to weak bullion prices and could collapse unless the government reduces royalties for producers.
Mbare’s Siyaso: Not business as usual

LEORNARD Munyanyi misses the good old days when his carpentry business was sufficiently profitable, comfortably earning him enough for his workplace and residential rentals and his young family’s upkeep before the month was up.

US$7m land deal haunts Nssa

Nssa risks losing more than US$7 million of public funds after the High Court cleared a Harare pair wrongfully convicted of misrepresentation .

Parks to cough up US$1m for Grace’s animal sanctuary

AS part of security measures to make it suitable for habitation by the “big five” animals, the cash-strapped Zimbabwe Parks and Wildlife Management Authority would have to fork out at least US$1 million to fence Manzou Estate in Mazowe.

Foreign giants take over fuel sector

Foreign petroleum giants have taken over Zimbabwe’s fuel sector after Dutch commodities giant Trafigura recently completed the acquisition of controlling equity stakes in Redan and Sakunda.

ZSE to remain subdued this year

ZSE’s performance this year is expected to remain subdued on the back of liquidity constraints, and faltering industry capacity utilisation, as escalating economic headwinds and waning government revenue continue to hamper sustainable economic recovery.

Politics

Mugabe has major cancer op

PRESIDENT Robert Mugabe underwent what is said to be a major prostate cancer operation during his annual holiday in Singapore, hence his delayed return to allow him time to recuperate.

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Politics, outdated methods cloud stats

ECONOMIC statistics play a pivotal role in guiding policy planners to draw up plans for the country’s development process.

‘No solution to economic crisis without Zanu PF’

THE Morgan Tsvangirai-led MDC-T says it would be impossible to exclude Zanu PF from the national convergence conference slated for March or April if an urgent solution to the country’s debilitating economic woes is to be found.

‘Mujuru still in the running for presidency’

DEFIANT members of the faction led by former Vice-President Joice Mujuru said yesterday it would be folly to write off the country’s former deputy as she can easily bounce back […]

Home Affairs exceeds budget vote by US$75m

THE Ministry of Home Affairs exceeded its 2013 budget vote by more than US$75 million without parliamentary approval because of excess

Business

Anti-money laundering body assesses Zim

A GLOBAL anti-money laundering and anti-terrorist financing taskforce, Eastern and Southern Africa Anti Money Laundering Group (Esaamalg), was in Zimbabwe this week.

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IMF downgrades growth forecast

The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next.

Zibawu blames executives for the collapse of banks

THE ZIMBABWE Banks and Allied Workers Union has resolved to engage parliament to stamp out malpractices in the banking sector.

Zim gold mines face collapse — mining chamber

Zimbabwe’s gold mining firms are making losses due to weak bullion prices and could collapse unless the government reduces royalties for producers.

Falling commodity prices to hurt emerging markets

This week we take a closer look at the latest World Bank Group Global Economic Prospects Report — January 2015.

Opinion

How much longer shall we wait for change?

President Robert Mugabe arrived home yesterday from the Far East at the end of a lengthy holiday which has reportedly included medical treatment in Singapore. ‘

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Nothing new in ‘new govt focus’

IT should hardly pass for news but given Zanu PF’s calamitous economic record under President Robert Mugabe, Acting President Emmerson Mnangagwa’s announcement — in the absence of any tangible evidence — that his party was now focusing on developing the country, came as something of a surprise.

Customer creation equals success

I HAVE decided to bring back a classic piece that was chronicled in the column several years ago. ‘

Rescuing Zim from predatory economics

THE transformation of any society requires three things; the profound realisation that it must change, finding those practices that will cause the change and adopting those practices.

Asylum seekers face the limit in Europe

The language of the immigration debate in Germany has got harsh and extreme.

Sport

Waller clinches World Cup ticket

Andy Waller has bounced back into the national team coaching set up barely seven months after being reassigned.

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National cricket team players hit right notes

National cricket team players have hit the right notes at the correct time with batsmen finding confidence-boosting runs ahead of the 2015 Cricket World Cup in Australia and New Zealand next month.

Afcon 2015 is here!

Equatorial Guinea had two months to prepare to host the African Cup of Nations, making the colorful and sometimes chaotic continental soccer tournament even more unpredictable than usual this year. […]

Utseya selection for World Cup baffles Campbell

Former Zimbabwe captain Alistair Campbell has criticised the selection of Prosper Utseya in the squad that will tour New Zealand and Australia for the ICC Cricket World Cup starting next month.

Malcolm Waller’s bowling action condemned as illegal

The International Cricket Council today confirmed that an independent analysis has found the bowling action of Zimbabwe’s Malcolm Waller to be illegal and, as such, the off-spinner has been suspended from bowling in international cricket with immediate effect.