The National Railways of Zimbabwe (NRZ) is inviting companies to engage it in Public Private Partnerships (PPPs) to revitalise its infrastructure.

The Zimbabwe Association of Micro-Finance Institutions (Zamfi) wants the Money Lending and Rates of Interest Act, which has been governing the operations of micro finance institutions since way before independence, repealed.

Patrick Chitumba in Victoria Falls

ZIMBABWE has lost its so-called “distressed destination” status over the last four years amid revelations of steady and continuous upsurge in tourists’ arrivals especially in the resort town of Victoria Falls, a top tourism executive has said.

From Arnold Mutemi in Cape Town, South Africa

Global consumer electronics and entertainment giant, Sony, yesterday unveiled plans to expand its operations in Africa and increase sales to $1,4 billion by 2015.

Harare Bureau

Government has raised workers’ monthly contributions to the National Social Security Authority by one percent, a development that will see more money being deducted from individual workers’ earnings.

Business Reporter

ZB Financial Holdings (ZBFH) board has appointed Mr Ronald Mutandagayi with effect from 1 June as the new group chief executive officer of the financial institution. He replaces Mr Elisha Mushayakarara who is retiring at the end of the month.

Business Reporter

CHISUMBANJE ethanol plant, owned by GreenFuel will resume operations when it secures a fuel blending licence from the Zimbabwe Energy Regulatory Authority (Zera), an official said yesterday.

Business Reporter

THE Zimbabwe Stock Exchange-listed Zimbabwe Reinsurance Company (Zimre) is seeking strategic investors in the insurance industry to acquire 43 percent of Government equity in the company.

Business Reporter

SECURITY guards workers’ unions and employers are deadlocked over salary increment negotiations with the negotiators expected to meet later this month.

Business Reporter

THE Government will this week embark on marathon stakeholders’ consultative workshops to discuss the proposed Minerals Policy.

The Employers Confederation of Zimbabwe (Emcoz) has urged the different economic sectors to produce regular reports on capacity utilisation to be used in measuring development trends.