BY NDAMU SANDU
DESPITE Finance minister Tendai Biti being vocal on the need for reforms at the Reserve Bank of Zimbabwe (RBZ), the bank is operating without substantive deputy governors as the contracts of the incumbents expired in 2009.

BY KUDZAI CHIMHANGWA
THE Zimbabwe National Roads Administration (Zinara) only collects US$80 million annually, although it requires at least US$2 billion per year to maintain the country’s road network, a senior official with the organisation said.

BY NDAMU SANDU
THE African Export-Import Bank (Afreximbank) will provide US$80 million for the central bank to resume its lender of last resort role and improve liquidity on the market.

VICTORIA FALLS-based Shearwater Adventures, which was forced to suspend bungee jumping after an Australian tourist’s bungee cord snapped on New Year’s Eve, says it has since resumed operations after investigations into the incident were completed.

Phillip chichoni

In 2005, Catherine Cook and her brother founded the social-networking site, myyearbook.com, which functions like a digital yearbook with pictures, friends and virtual currency called “lunch money”.

BY PATRICE MAKOVA
A new local think-tank, Resource Exploitation Watch (REW) says there is nothing sinister with the appointment of foreign nationals to head locally-based international companies as government has not banned expatriates from operating in the country.

BY KUDZAI CHIMHANGWA
ZIMBABWE’s economic growth projections for 2012 can best be achieved on the strength of continued macro-economic stability, favourable international commodity prices, rising public investments and strategic interventions in the productive sectors, the United Nations Development Programme (UNDP) has said.

BY OUR STAFF
THE 2012 tobacco selling season opens on February 15 amid expectations from stakeholders of high output and quality crop.

THE World Bank (WB) has recommended that government launches an electrical power demand-side management programme designed to encourage consumers to use less energy during peak hours.

BY KUDZAI CHIMHANGWA
PROTECTIONIST measures recently introduced by government to shield Zimbabwe’s ailing industry will have negative repercussions on the economy, delegates at a business seminar heard last week.

BY NDAMU SANDU

FORMER Reserve Bank of Zimbabwe (RBZ) employees have sought an order at the Labour Court to be reinstated on the payroll until finalisation of their outstanding retrenchment packages.

BY KUDZAI CHIMHANGWA
ZIMBABWE has requested for a temporary suspension of tariff increases on the Southern African Development Community (Sadc) trading front in order to provide local industry sufficient time to recapitalise and restore its competitive edge, a government official has said.

BY NDAMU SANDU
THE Tobacco Industry and Marketing Board (Timb) has proposed that buyers should exhaust the local crop before they can import burley tobacco in a move meant to save the sector from extinction.

BY OUR STAFF
LONG-term deposits are still a long way from being attained, resulting in the absence of loans with a longer tenure on the market, according to the latest data from the Reserve Bank of Zimbabwe (RBZ).

BY KUDZAI CHIMHANGWA
THE Indian business delegation that visited the country last week expressed interest in investing in Zimbabwe’s key sectors, but urged the government to create a suitable business environment.

Phillip chichoni

To lift an autumn hair is no sign of great strength; to see the sun and moon is no sign of sharp sight; to hear the noise of thunder is no sign of a quick ear. What the ancients called a clever fighter is one who not only wins, but excels in winning with ease. He wins his battle by making no mistakes.

PowerNetwork Projects (Pvt) Ltd, (PNP), an electrical engineering company made strides last year after servicing a number of leading telecommunications and mining companies in the country.

BY KUDZAI CHIMHANGWA
THE prevailing liquidity and credit crunch, which has had negative repercussions on property values as people prioritise cash transactions, has placed more importance on valuation for purposes of a good return on sale, a real estate company has said.

BY NDAMU SANDU
THE African Development Bank (AfDB) says the review in royalties on gold and platinum could result in an increase in per unit cost of production for firms operating in low-grade areas. 

BY NDAMU SANDU
ZIMBABWE has to address its external debt and arrears to attract investment needed to drive the economic growth, according to a report by one of the continent’s leading financial institutions.