Business

Tawanda Matanhire The rain season has come upon us and concides with the festive season when people get to travel a lot. During the holidays there is always a rise in vehicular traffic on the highway as most people will be fulfilling their long awaited expeditions. As such, the rains …

Parliament will soon carry out an investigation into the country’s tax regime amid concern from business that several layers of statutory obligations are pushing operating costs and hampering competitiveness. As the Finance minister makes final touches to the 2023 National Budget following consultations, industry bodies such as the Zimbabwe National …

THE short-term insurance sector is reeling in a crippling crisis as debts running into millions of dollars have accumulated due to clients struggling to pay premiums. This has pushed the industry to lobby the government for legislation that ensures a cash upfront model for insurance policies. The Zimbabwe Independent understands …

In a fraudulent case which may dent Zimbabwe’s investment profile, a Netherlands Liquid Petroleum Gas (LPG) equipment manufacturing giant Euro LPG BV lost millions of United States dollars to a consortium of local business people. The fight over the investment has turned nasty with counter-legal actions playing out in this …

This week I conclude my focus on rebates with a look at returning residents and how they can bring in motor vehicles without being subjected to conventional import processes. Returning residents are people who have been resident in Zimbabwe but went to study or work abroad. If they acquired assets …

ARCELORMITTAL, one of the world’s largest steel producers which imports 70 percent of coke produced in Zimbabwe, is set to build coke oven batteries as part of the beneficiation and value addition process that will create thousands of jobs for the country. Each coke oven battery is valued at US$15 …

Harare mayor Jacob Mafume has accused Kuda Tagwirei’s Sakunda Holdings of attempts snatch Rufaro Stadium from the local authority on the mere promise of terrace bucket seats as the two parties took to the media to trade accusations over the spoiled deal. Under the deal, Sakunda Holdings, a new comer …

Cabinet yesterday approved a framework agreement for a 100 megawatt solar power station in Norton signed between Zimbabwe and Belarus as Zimbabwe continues adding generating capacity. While large hydro stations have to be on the Zambezi River, although small local ones can and are being set up as well, and …

Stanbic Bank Kenya and South Sudan Chief Executive Charles Mudiwa will retire after two-decades with the Bank effective December 31 2022. Under Standard Bank Group, Africa’s largest bank by assets in 20 Sub-Saharan Africa markets, Charles has served in various capacities. His previous roles as Executive Director and Chief Executive …

AT the crack of dawn, atop a mountain nestled in the heart of Mberengwa District, business deals are struck between buyers and sellers. It’s a risky yet very profitable business. There is general mistrust between the two parties, but nevertheless business deals must be concluded because competition is tight and …