Wednesday, May 23, 2018
Cairns Foods (Cairns) chief executive officer Nancy Guzha’s job is on the line as it emerged her relationship with major shareholder, Takura Capital Partners (Takura), has turned sour. Her fate is in the hands of the company’s shareholders, who are soon expected to make a formal announcement on the matter. Guzha...
Business Reporter Seed CO Zimbabwe, one of Africa’s leading seed producers, is targeting to increase Zimbabwe’s maize yield to 3 tonnes per hectare from the current average output of 0,8 tonnes through a series of initiatives aimed at commercialising grain production. Managing director Denias Zaranyika, said there were initiatives lined up...
Golden Sibanda Confusion is reigning supreme over the exact ownership structure of Telecel Zimbabwe, following the exit of Vimpelcom, the former controlling shareholder, last year. This comes amid indications that businessman Dr James Makamba is also angling to reclaim his footing in the mobile telecoms firm, despite allegedly losing his...
HARARE - Government has, with immediate  effect, dissolved the Zimbabwe Parks and Wildlife Management Authority  board for failing to uphold  good corporate governance principles. The seven member board, appointed in 2016, was chaired by Tichafa  Mundangepfupfu, who was deputised by Idah Mupamhanga. Environment, Water and Climate permanent secretary Grace Mutandiro said ...
 Bring back $250 million or else... President will name and shame those who refuse amnesty Business Writers About 100 top business and political personalities suspected of externalizing over $250 million have been given letters of demand by the Reserve Bank of Zimbabwe, as efforts to get the money repatriated gather pace. This...
Zimbabwe is pursuing a new dynamism in the conduct of its diplomacy premised on the nurturing and consolidation of friendships as the country seeks to create mutually respectful relations. The new policy is heavily biased on economic statecraft particularly the need to attract foreign direct investment. Foreign Affairs and...
Business Writer Pro-investor amendments Government intends to undertake on the Indigenisation law next year will unlock significant foreign investment to Zimbabwe, the country’s investment body says. The Zimbabwe’s Investment Authority contends that the Indigenisation and Economic Empowerment Act, in its current format, is a major impediment to foreign investment into Zimbabwe. Government...
Jeffrey Gogo Capital markets regulator, the Securities and Exchange Commission of Zimbabwe has warned investors against “dealing with unregulated exchanges and securities” in the wake of plans by Harare-based cryptocurrency trading platform Golix.com to issue a multi-million dollar Initial Coin Offering (ICO). An ICO is the equivalent of an Initial...
Firm drained of working capital through externalisation New sands retreatment plant in false start Tinashe Makichi Gold mining group, Metallon Gold Corporation, has suspended mining operations at its Mazowe Gold Mine due to serious operational challenges. Information gathered indicates that despite announcing positive production and financial results for the past two years, the...
Tinashe Makichi Well known for his antics in performing miracles through his clergyman works and recently football, Prophetic Healing and Deliverance founder Walter Magaya has other areas where he is fast proving to be a force to reckon with. Magaya is targeting to become one of the biggest exporters in the...