Lockdown to stimulate local industry

Analysts have described the Covid-19-induced lockdown as a big opportunity for local companies to plug supply chain gaps and harness government’s local content policy which is a huge pillar in…

Air travel down 60 percent as airline industry losses top US$370 billion

A new UN air transportation agency report confirms there was a “dramatic” fall in international air travel due to COVID-19, of around 60 percent over the course of last year,…

Dubai Expo organizers prepare for event delayed by pandemic

The organisers of Expo 2020 Dubai said on Saturday they are committed to hosting the event which was postponed for a year due to coronavirus, but are ready for all…

AirZim spells out part of 2021 vision

 By Yvonne Mkondani THE National flag carrier Air Zimbabwe says its prospects of promoting tourism and trade are hinged on the expansion of flight routes.  In a statement, the airline…

Zim cuts fuel import bill

Latest fuel imports statistics have justified government’s move to scrap subsidies, with analysts happy that the development managed to save the country a lot in foreign currency and plugged arbitrage…

Miners eye 40 ton gold output

Small scale gold miners say the target of 40 tonnes of the yellow metal per year is still attainable if all stakeholders work together to support production and plug leakages.…

Delayed payments for coal dampen growth prospects

Luckmore Safuli The Coal Producers Association fears that delayed payments for delivered coal and the impact of COVID-19 on the value chain may dampen growth prospects for the sector in…

Zim dollar weakens ZWL82.09 : USD1.00

By Davison Vandira The Reserve Bank of Zimbabwe held the first foreign currency auction this year, with the Zimbabwean dollar marginally weaker at 82.09 per 1 United States Dollar, as…

Angola gets breathing space from Chinese creditors

Angola has secured three years of payment relief from Chinese creditors and expects to get more than $700 million in its next tranche of International Monetary Fund financing in the coming…

RBZ forex move hailed by exporters, analysts

Local companies are set to benefit immensely from the recent move by the Reserve Bank of Zimbabwe (RBZ) to scrap the mandatory liquidation of foreign currency in exporters’ accounts that…