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Conrad Mwanawashe Harare Bureau TANZANIAN milling group, Bakhresa Limited, which is nearing the takeover of Blue Ribbon Industries, has torched a storm for attempting to import senior management executives to lead the local operations.
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Lovemore Zigara Business Correspondent THE country’s third largest platinum miner, Unki Mine, has shelved its planned mine expansion project due to the depressed price of the base metal on the world market.
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Patrick Chitumba Midlands Bureau Chief LOCAL authorities in the Midlands Province have received more than $2 million for road maintenance from the Zimbabwe National Road Authority (Zinara) since January this year.
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LUSAKA — Zambia’s inflation rose to its highest in six years yesterday as the copper producer was battered by power cuts, a falling currency and a shrinking demand for its primary import.
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Oliver Kazunga Senior Business Reporter MONEY transfer agency, Western Union has resumed online transfer of money from Zimbabwe to any country around the world. In 2006, the Reserve Bank of Zimbabwe suspended cash transfers by 16 foreign exchange transfer agents due to foreign currency trading
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Oliver Kazunga Senior Business Reporter THE Civil Aviation Authority of Zimbabwe (CAAZ) has suspended Fly Africa’s operating licence due to the airline’s shareholding disputes and failure to meet statutory requirements.
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Elita Chikwati Harare Bureau FARMERS yesterday said they expect the 2016 national budget to prioritise recapitalisation of the Grain Marketing Board and Agribank to boost agricultural productivity. They said the budget should project agriculture as the backbone of the economy.
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Harare Bureau Listed media group, Zimbabwe Newspapers’ results for the interim to June show the group recorded strong growth in profit instead of a previously reported loss position.
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Harare Bureau Zimbabwe is still to improve on the World Bank’s Doing Business survey in spite of recording two positive reforms under the new calculated methodology.
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Tinashe Makichi Harare Bureau fastjet Zimbabwe will invest about $15 million in the next three years and expects to employ approximately 200 people directly ,with hundreds more employed in secondary services such as fuel,catering and cleaning support services of the airline.
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The country has so far exported 97.3 million kilogrammes of tobacco this year, up from 88.7 million kilogrammes over the same period last year, earning $500 million, statistics from the industry regulator show.
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Lovemore Zigara Business Correspondent THE Industrial Development Corporation (IDC) has begun the process of liquidating one of its subsidiaries, Zimbabwe Glass Industries after the company failed to secure an investor. Zimbabwe Glass Industries (Zimglass) is the country’s sole flint glass manufacturer.
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Oliver Kazunga Senior Business Reporter THE African Development Bank and Germany’s development bank KfW have entered into a partnership aimed at advancing the agricultural transformation agenda across Africa.
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In terms of Section 80 of the Income Tax Act [Chapter: 23:06], a 10 percent Withholding Tax is deductible from all amounts payable to all persons who enter into contracts with the State or a statutory body, a quasi-government institution and taxpayers who are registered with
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