Business

THE Grain Millers Association of Zimbabwe (GMAZ) has increased recommended retail prices for mealie-meal, flour and rice which will see a 5kg bag of roller meal costing $9.60. In a letter addressed to millers yesterday, GMAZ said significant changes in the economy had influenced the organisation to make adjustments saying all prices are effective from June 1 this year. According to the new price list, a 2kg pack of value rice will cost $13.98 up…

The deal, which has been on the cards for years and suffered several setbacks, will unfold in two parts.Firstly, Albwardy Investments, through its wholly controlled local special purpose vehicle, Choicebrands, which was incorporated in Zimbabwe last year will take over the hotel land and buildings.The second phase of the transaction will see Choicebrands acquiring the rights to operate the brand name and take over all hotel employees.Meikles will still retain its interests in the Victoria…

Government has recovered more than $50 million from command agriculture beneficiaries, a figure that represents 70 percent of the total money loaned in the past three years, Finance and Economic Development Minister Professor Mthuli Ncube has told Parliament.The 30 percent beneficiaries who have defaulted repayment were now set to be blacklisted and no further assistance will be extended to them. Prof Ncube said this in the National Assembly last week during question and answer session….

We are now 9 months into the Transitional Stabilisation Program and a great deal has been achieved. Let’s summarize:* We have eliminated the Fiscal deficit that was the main driver in the past 5 years under Mr. Mugabe, of inflation and rising domestic debt on an unsustainable basis;* When we delinked the US dollar from the RTGS dollar/bond currencies, we held about US$200 million in private Nostro accounts, today we are approaching US$1 billion;* We…

In 2003, Popovic and other ex-Otpor! activists started the nonprofit educational institution the Centre for Applied Nonviolent Action and Strategies (CANVAS). CANVAS has worked with people from 37 countries, including Zimbabwe, Burma, Iran and Venezuela, spreading knowledge on nonviolent strategies and tactics that was used by the Serbian pro-democracy movement to other non-democratic countries. The Zimbabwean government has accused a Serbian national Srdja Popovic of training civic society activists in Zimbabwe.The state-controlled Herald has reported…

As normarlly happens, the docket for the fraud case involving the former permanent secretary in the Mines ministry Francis Gudyanga who is accused of defrauding the State of over US$1.6 million has dissappeared. Sibusiso  INFORMATION IS POWER!-Please email all your articles, photos and breaking news, to newzimbabwe.vision@yahoo.com ,linkedin.com/in/sibusiso-ngwenya-563a572b or whatsapp to Mr Sibusiso Ngwenya 0044 79 3 9100534 for publication on the constantly growing online groups, currently standing as follows1)Zimbabwe News 4 us Zimbabweans 191,745Members2)ZIMBABWE NEWS, BUILDING…

ZIMBABWE RETAIL SHOPS CHARGE IN US$, amid shortages of basic commodities such as cooking oil and sugar. a wave of price increases on basic commodities such as mealie-meal, rice, flour, salt, cooking oil, among others due to inflation.Many retailers have ceased to mark prices, as they continuously change on an hourly basis, a horrible situation that many people never wanted to live through again..Panic-buying and hoarding is now common as prices soar double or triple…