A BATTLE for the control of a Gweru-based company, Greynut Investments, has escalated after the executor of the estate of the late owner Isaac Tichareva approached the High Court accusing the CEO, Tecklah Garira, of dissipating the company’s assets. Greynut Investments was owned by the late Isaiah Mudzengi. However, Tichareva is seeking the liquidation of…
HIGH Court judge Justice Webster Chinamora has ordered the Zimbabwe Revenue Authority (Zimra) to return more than 100 000 litres of petrol seized from a local trucking company last year. This comes after the company, Ajara Trucking Logistics, filed a lawsuit, complaining that Zimra had not given any reasons as to why the fuel and…
TRADE between Zimbabwe and China surged 29.2 percent year-on-year to a record high of US$2.43 billion in 2022, the Chinese Embassy in…
THE Postal Telecommunications Regulatory Authority (Potraz), in partnership with the Consumer Council of Zimbabwe (CCZ), is conducting a nationwide digital inclusivity and consumer rights awareness campaign. Addressing scores of Chiredzi residents who thronged Chiredzi Town Hall on Saturday, Potraz’s head of industry and consumer affairs, Vengesai Magadzire, who spoke on behalf of director general Gift…
ECOCASH, Zimbabwe’s largest mobile money platform, has slashed its US dollar transfer charges following the government’s reduction of the Intermediated Money Transfer Tax (IMTT) to two percent, down from four percent effective from January 1 this year. The development means EcoCash’s customers now enjoy lower tariffs when transacting on its platform. EcoCash US dollar transfers…
STAKEHOLDERS in irrigation development have called on the government to accelerate Farmer Led Irrigation Development (FLID) whereby farmers invest, develop and manage their own small irrigation systems. In its position paper, titled; “Farmer-led Irrigation Development in Zimbabwe,” in possession of the Daily News, one of the stakeholders, the World Bank said irrigation sustainability in Zimbabwe…
DISTRIBUTED Power Africa (DPA), a business of Cassava Technologies, a leading pan-African technology group, is set to install two carport solar solutions at Zimbabwe Platinum Mines (Zimplats). The carport installations would power the Zimplats administration hub at the company’s Mupani Mine offices in Mhondoro Ngezi, resulting in cost savings and fulfilling Zimplats’ vision to reduce…
ZIMBABWE’S leading beverage manufacturer Delta Corporation has attributed its growth in the third quarter of 2022 to a stable operating environment in the country. In its third quarter business update, the company, which recorded a revenue growth of 44 percent, said its Zimbabwean business noted a significant increase in trade volumes. “The country, however, benefited…
THE Zimbabwe Revenue Authority (Zimra) has introduced a “block management system” where it will embark on a door-to-door programme to ensure that all businesses comply with the tax payment and registration system. In a statement yesterday, Zimra said the door-to-door tax collection, which began early this month, would be carried out at all business premises…
ECONET Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited made the top 100 among Africa’s top 250 companies named by the African Business magazine. Every year the African Business top 250 companies survey charts the rise of innovative,strategic and resilient African Businesses that straddle the continent and that invest billions of dollars into Africa-wide strategies to…
