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Zimra misses revenue target
Mr PasiBusiness Reporter The Zimbabwe Revenue Authority missed its revenue target for the first half-year to June by 1 percent as poor economic conditions negatively affected inflows to the fiscus....
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Banks agree swap deal with Cairns
Banks are set to acquire about 10 percent of CairnsGolden Sibanda Senior Business Reporter Banks have agreed on a debt to equity swap with foods and beverage processor Cairns Holdings investor Vasari...
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No quick fixes to economy – Chinamasa
Minister ChinamasaBusiness Reporter Finance and Economic Development Minister Patrick Chinamasa has said that there are no quick fixes to the challenges facing the economy but emphasised the importance...
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Govt, stockbrokers sign ZSE demutualisation MoU
Finance and Economic Development Minister Patrick Chinamasa (left) shakes hands with ZSE chairpeson Ms Eve Gadzikwa after signing the MoU for demutualisation of the exchangeBusiness Reporters Finance...
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GMOs – Capitalism gone really bad
The debate around GMOs – seeds produced in laboratories through genetic alterations — has caused serious division of opinion pitting Government on the one side and some private-sector backed scientists...
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Gold deliveries to Fidelity hit 6 tonnes
Martin Kadzere Senior Business Reporter GOLD deliveries to Fidelity Printers and Refiners, the country’s sole buyer of the precious metal, hit nearly six tonnes in the six months to June this year,...
View ArticleAngola aims to rival Nigeria
JOHANNESBURG. — Eni SpA (ENI) crews in Angola, Africa’s second-largest crude oil producer, upgraded a production vessel for new pumping this year as the south-west African country targets output...
View ArticleNampak to consolidate Zim businesses
Business Reporter South African packaging company Nampak is seeking to consolidate its Zimbabwe businesses for them to be run under one entity. Nampak wholly owns CarnaudMetal Box (CMB), and has two...
View ArticleBurundi proposes new taxes as revenue target falls short
BUJUMBURA. — Burundi’s cabinet will propose new duties on some alcoholic drinks and other products, an airport departure tax and other measures to make up for a shortfall in forecast revenues for 2014,...
View ArticleNairobi Stock Exchange valued at 1,84 billion shillings
NAIROBI. — Kenya’s stock exchange will be valued at 1,84 billion shillings ($21 million) after listing its shares in an initial public offering, chief executive officer Peter Mwangi said. The Nairobi...
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Harare City Council to construct $3m mall
Civil works on the $3 million shopping mall to be built in Mbare along Simon Mazorodze has startedBusiness Reporters HARARE Sunshine Holdings, an investment arm of the City Council, has commenced...
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CABS unveils new corporate identity
Managing director Kevin Terry at CABS’ unveiling of a new corporate identity yesterdayConrad Mwanawashe Business Reporter CABS is running unsecured payroll lending at $127 million and corporate sector...
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Zimdancehall’s ultimate poet
Stanely Mushava Arts Correspondent Zimdancehall rookie Tocky Vibes is staking his claim as the foremost social evangelist of the genre. The lyrically varied 20-year-old is dropping tune after tune...
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Govt to set up commission of inquiry
Minister ChinamasaTinashe Makichi Business Reporter Government plans to set up a commission of inquiry to establish the basis for compensating policyholders and pensioners who may have been prejudiced...
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Sable tests coal for gasification
Golden Sibanda Senior Business Reporter Sable Chemicals, Zimbabwe’s sole producer of ammonium nitrate fertiliser, has taken coal samples from Sengwa in Gokwe to China to test the feasibility of...
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Mines Ministry restructures
Cabinet has approved strategies aimed at promoting value addition and beneficiation in the mining sectorMartin Kadzere and Oliver Kazunga— CABINET has approved the restructuring of the Mines and Mining...
View ArticleTobacco marketing season ends
Walter Muchinguri Assistant Business Editor The tobacco marketing season will end next week with close to 213 million kilogrammes expected to have been sold. So far 212,7 million kilograms have been...
View ArticleDelta to close Customer Collection Depots
Sifelani Tsiko Senior Writer Listed beverages concern, Delta Corporation, is reportedly pressing ahead to close 15 customer collection depots (CCDs) as part of strategies to contain costs and...
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Bakeries to drive OK margins
OK Zimbabwe chief executive Mr Willard ZirevaConrad Mwanawashe Business Reporter OK Zimbabwe is looking to its new self-managed in-store bakeries to drive up margins in a bid to improve the retailers...
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Mimosa production up 9 percent
Business Reporter Mimosa’s production increased by nine percent to 648 944 tonnes in the fourth quarter to June with revenue surging 26 percent to $79 million from $63 million quarter-on-quarter to...
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