Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «imports»

October 19, 2018 4:45 PM ‘Diesel demand strikingly increasing’

Diesel demand has been strikingly increasing over the last few months, a leading financial research firm has said. The government has said the gain is due to regional truckers taking advantage of the lower cost of fuel in Zimbabwe relative to the region when the RTGS to USD parallel exchange rate is factored. Equity Axis, however, said it is important 7

October 18, 2018 2:00 PM Afreximbank loans Zimbabwe $500 million as dollar crisis worsens

The African Export Import Bank (Afreximbank) says it is finalising a $500 million loan facility for Zimbabwe, to help secure the foreign-currency starved southern African country’s imports. Zimbabwe is experiencing a shortage of foreign currency, blamed mainly on a huge trade deficit caused by the collapse of its key agriculture and manufacturing sectors 7

October 17, 2018 5:18 AM Afreximbank confirms $500m facility talks

The African Export-Import Bank (Afreximbank) has confirmed holding talks with a Zimbabwean delegation led by Finance and Economic Development Minister Professor Mthuli Ncube in connection with a $500-million nostro stabilisation facility. Zimbabwe, which is going through a damaging foreign currency crisis, is looking for stabilisation facilities while 14

September 4, 2018 3:45 PM Nigeria hits MTN with $2bn tax bill

Africa’s largest mobile phone operator, MTN, says it has been hit with a $2bn (£1.5bn) tax bill by Nigeria just days after the country’s central bank slapped the company with an $8bn fine. As a result of MTN’s woes in its most lucrative market, the company’s shares have dropped by about 20% in under a week. MTN says the office of Nigeria’s attorney general 32

August 17, 2018 4:58 AM Shops run out of soft drinks…Delta sweats over raw material imports

Delta Beverages has urged its customers to be patient following a shortage of soft drinks and maheu products on the local market. In a written response to questions from Business Chronicle yesterday, Delta Corporate Affairs executive Mrs Patricia Murambinda acknowledged the shortage of soft drinks and maheu brands across the country due to foreign currency 20

July 26, 2018 4:24 PM Production of day-old chicks remains low

Zimbabwe is still feeling the effects of the Avian Bird flu — months after it ravaged the poultry industry — as local production of hatching eggs has remained depressed. According to a June update from the Livestock and Meat Advisory Council (LMAC), between January and March 2018, laying breeder stocks declined from 298 000 birds to 268 000 birds as spent 21

March 29, 2018 7:50 AM $200m Hwange power expansion begins

THE Zimbabwe Power Coompany (ZPC) will draw down $199 million from a China Export-Import Bank loan in April to begin building additional units at the Hwange Thermal Power Station, acting Managing Director Joshua Chirikutsi said. Upon completion, the $1.5 billion units 7 & 8 will add 600 megawatts to the existing 920-megawatt plant, Zimbabwe’s biggest 300

March 19, 2018 5:00 PM Zimbabwe stolen funds amnesty: Millions still to be returned

Zimbabwe’s President Emmerson Mnangagwa has released the names of hundreds of companies and individuals who failed to return $827m (£590m) illegally stashed abroad despite an amnesty. He said on Monday it had resulted in $591m being returned, less than half the funds believed to be held abroad. He has warned that those who fail to comply are at risk of prosecution 30

March 5, 2018 8:11 PM Listeriosis: Zim alert as 180 die in SA

ZIMBABWE will keep imports of processed meat from South Africa despite a devastating outbreak of a killer listeriosis outbreak in the neighbouring country. Four Sadc countries, Namibia, Botswana, Mozambique, Zambia and Malawi Monday banned the import of processed meats from South Africa in a bid to protect their citizens from the disease that has thus far claimed 66

March 5, 2018 1:29 PM Trump threatens European cars tax

PRESIDENT Donald Trump says the U.S. “will simply apply a TAX” on cars made in Europe if the European Union retaliates against the trade penalties he’s seeking on imports of steel and aluminum. The EU is promising retaliation against American exports if Trump follows through — as he says he will next week. Here’s what the president is saying on Twitter 46