News

Zimbabwe’s tax agency has directed the tobacco industry regulator to withhold 10 percent of the money payable to suppliers without valid tax clearance certificates. In a letter directed to Tobacco…

Lafarge Cement’s Zimbabwe unit reported a 59 percent increase in profit from $1.9 million to $3.1 million for the full year to December 2016. Profit was driven by an increase…

The Zimbabwe Stock Exchange’s total market turnover increased by 146  percent in March to $26.9 million from $10.97 million recorded in the previous month, its highest for two years pushed…

Bulawayo South Member of Parliament Eddie Cross has blasted the proposed National Competitiveness Commission Bill saying Parliament should not approve it as it is a waste of money because its…

Civil engineering group Masimba Holdings has reported a $700 000 after tax profit for the full year to December from a loss position of $1.2 million previously on the back…

Zimbabwe’s Speaker of Parliament Jacob Mudenda has ordered the Minister of Women’s Affairs, Nyasha Chikwinya, to give a comprehensive statement on the appointment of board and staff for the proposed…

Zimre Holdings is set to make a mandatory offer to compulsorily buy out minority shareholders in CFI after it raised its shareholding in the company to 41.03 percent, said company…

“The ANC is using the ZANU-PF tactics of remaining in power,” South Africa’s Pan Africanist Congress (PAC) declared this week. “When Zimbabwe’s ZANU-PF realised that it was likely to lose…

Resources group RioZim reported a net profit for the first time since dollarisation, of $2.5 million in the full year to December 31, 2016 from $8.8 million loss in the…

Zimbabwe and Zambia say they are prepared to undertake deep reforms to attract investors for the $4 billion Batoka Gorge Hydro power plant which would produce 2 400 megawatts and…