Cable manufacturer CAFCA has reported a 41 percent increase in profit before tax to $327 000 for the six months to March, largely as a result of reducing costs and savings on interest from borrowings.
Zimbabwe’s President Robert Mugabe today officially launched the start of work on the dualisation of the Harare-Beitbridge highway for $984 million.
Senior citizens pensions under the National Social Security Authority (NSSA) might be reviewed upwards from the current $60 a month first to $100 and then to $150, Minister of Public Service, Labour and Social Welfare Prisca Mupfumira said yesterday.
Zimbabwe’s smallest mobile network operator, Telecel is in discussions with investors over a $200 million loan seen as crucial to reviving its operations.
Zimbabwe Finance Minister Patrick Chinamasa urged Zimbabweans to change their mindsets and value the stock they owned because this was a form of wealth which they could easily convert to cash if they traded it.
Zimbabwe’s Finance Minister Patrick Chinamasa says people should borrow money for productive purposes and chided that one cannot borrow money to pay lobola-bride price- for example, because a woman is not a tractor.