Creditors of Blue Ribbon Industries Limited (BRI) today voted in favour of a High Court sanctioned scheme of arrangement paving way for Tanzanian-based Bakhresa Group to inject $30 million and take over the ailing company.
Former African Sun chief executive Shingi Munyeza says he has plans to open four new franchised outlets in the country before year-end after expanding his footprint by investing heavily in the resort town of Victoria Falls.
Political analyst and legal expert Alex Magaisa says former Vice-President Joice Mujuru should accept her government pension in the interest of upholding the supreme law of the land and building a culture of constitutionalism.
Zimbabwe’s energy regulator is reviewing the country’s fuel pricing model to benchmark it on regional standards amid concerns that petroleum products were grossly overpriced, a senior government official has said.
Struggling MetBank has reduced its losses to $130 000 in the six months to June from $3.5 million registered in the same period last year, the bank said.
President Robert Mugabe’s continued stay in power and the stifling of debate on who is going to succeed him has fuelled speculation about his successor with one online publication saying former central bank governor Gideon Gono is still a major contender.