Business

Finance and Economic Development deputy minister Clemence Chidawu has urged the country to embrace digitisation to deal with corruption, which he says has been hindering economic growth. Addressing delegates at a National Development Strategy 1 workshop in Emakhandeni, Bulawayo, yesterday, Chidawu said manual methods of tracking and dealing with corruption were …

Oil tankers formed a traffic jam off the coast of Turkey on day one of the West’s price cap on Russian crude, with Ankara insisting on new proof of insurance for all vessels, the Financial Times reported on Monday. Around 19 crude oil tankers were waiting to cross Turkish waters …

Redcliff Municipality is in the eye of a storm after it failed to reverse a murky arrangement to acquire posh motor vehicles and cellphones for senior managers in a swap deal for land with a Chinese company despite having been red-flagged by Auditor-General Mildred Chiri. An investigation by The NewsHawks …

The Zimbabwe Revenue Authority (Zimra) has pledged to strengthen partnership with the media in the fight against corruption. Speaking at a media event held under the theme Zimra Transformation — Past, Present and the Future in Bulawayo last week, Zimra commissioner Batsirai Chadzingwa said the fight against corruption needed the …

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 …