Business

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 …

After a busy week addressing inquiries directed to my inbox about vehicle rebates, today’s focus is on the package for civil servants. Most civil service workers are curious about how they are supposed to benefit from rebates. Civil servants should not shy away from the Zimbabwe Revenue Authority (ZIMRA) offices …

By Richard Kawazi Bindura residents have raised their ire against the local authority which recently increased tariffs without reportedly consulting them, Nhau/Indaba has established. According to the angry residents, the Municipality increased rates by 44 percent without formerly communicating, leaving residents in shock after receiving their monthly statements. Their anger …

After spending US$70 million on new investments last year, Innscor is spending a further US$56 million for the coming year on new projects. One of these projects may make Delta Corporation sit up. It is already the country’s largest and most successful food producer, with profitable interests from poultry to …

Africa Economic Development Strategies executive director Gift Mugano has warned that the proposed $3,4 trillion 2023 national budget will fuel inflation and deepen the economic crisis in the southern African country. During recent budget consultations, Finance minister Mthuli Ncube revealed that the proposed 2023 budget would be $3,4 trillion, up …

The Zimbabwe Anti-Corruption Commission (Zacc) has launched an investigation targeting 25 tobacco merchants, including global giants British American Tobacco and Tian Ze Tobacco Company, a subsidiary of China Tobacco, over allegations of fraudulently under-pricing tobacco exported from the country, resulting in the loss of millions of dollars. Local giant Pacific …

Deserving investors will be granted citizenship as part of Government efforts to increase investment, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has said. The Second Republic under President Mnangagwa has been on an investment drive which has seen several investments worth billions of United States dollars flowing in. When …