Saturday, September 23, 2017
Martin Kadzere Self-exiled businessman James Makamba (right) has sold his stake in Empowerment Corporation, a 40 percent shareholder in Telecel Zimbabwe to a local consortium for an undisclosed amount. However, with ink barely dry on the deal, the Government is understood to have made a massive $26 million offer to buy...
Tinashe Makichi Sino-Steel Corporation has put on hold plans to sell its controlling interest in one of Zimbabwe’s largest ferrochrome producer, Zimasco. South Africa based Portnex, which is currently leasing Zimasco’s furnaces had been one of the front runners to take over a stake in the company. Judicial manager Reggie Saruchera told...
Enacy Mapakame Zimbabwe’s largest banking group by deposits and assets, CBZ Holdings, says Treasury Bills have now become a significant part of the banking sector and have in particular contributed to the stability of the group’s balance sheet. This comes as the banking group is targeting total income growth of 11...
Business Writers Industry experts say the culling of birds at Irvine’s Lanark Farm will pose a great threat to the sector as it will take time before the birds can be replaced. Food and Agriculture Organisation (FAO) also weighed in saying Zimbabwe and other sub-regional countries risk a relapse into food...
Golden Sibanda IMPORT duty paying entries into Zimbabwe have risen by 25 percent while transit cargo has plunged 62 percent since the introduction of the electronic cargo tracking system in May this year, the Zimbabwe Revenue Authority has said. This signifies that there was massive existence of fake transit entries relating...
Conrad Mwanawashe Captains of industry and commerce want to see urgency in the implementation of State enterprises reforms, improving the doing-business environment, labour laws, and action in dealing with corruption within the private and public sectors. This came out at the interface between industry and commerce and President Robert Mugabe, Thursday,...
The foreign currency black market is currently thriving, if the number of foreign currency dealers lining up our streets is anything to go by. While two years ago you could count foreign currency dealers while driving past the usual hot spots such as 5th street and Eastgate, now you...
Tafadzwa Musarurwa Econet Wireless’s Technites Enterprise — an online registration platform for skilled workers jobs and tradesmen has commenced registrations in Zimbabwe. The country is the latest in the company’s recruitment drive across Africa where already over 6 000 Technites are registered and readily available for work. The ‘Technites’ concept entails the...
Business Reporters Africa’s richest man Aliko Dangote is still keen on investing hundreds of millions of dollars in Zimbabwe’s cement industry, but securing limestone deposits to support the plant remains a sticking point, Government sources revealed yesterday. He is also keen on investing in a 600 megawatt thermal power station that...
FORMER NetOne chief executive Mr Reward Kangai, who is taking legal recourse to challenge his ouster from the State-owned mobile telecommunications company, is taking umbrage over audit findings made by PricewaterhouseCoopers (PwC) over some questionable dealings made at the firm during his tenure. The audit report titled: “Provision of Comprehensive...