© Report launch gather momentumPREPARATIONS for the launch of the inaugural State of the Economy Report have reached an advanced stage, the director of Africa Economic Development Strategies (AEDS) Gift Mugano told the Daily News on Sunday yesterday. [GoogleAd] Mugano said the team of experts assembled to work on the report has since finalised the…
© THE price of tar (asphalt) used in road construction has gone up by about 300 percent in what is likely to slow down road construction projects. [GoogleAd] A survey by the Daily News on Sunday revealed that government, rural and urban councils are feeling the pinch after suppliers of tar hiked their prices. In…
© THE Zimbabwe Investment and Development Agency (Zida) Bill, a major component of the government’s “ease of doing business” reforms to attract both foreign and domestic investors will replace, and take over the functions presently entrusted to, the Zimbabwe Investment Authority (ZIA) and the Special Economic Zones Authority. [GoogleAd] The Bill was gazetted on April…
AFRICAN Sun has terminated a hotel management contract with Legacy Hospitality Management Services Limited (Legacy), months after the two went into arbitration. Venon Musimbe, African Sun company secretary said the contract was terminated after three-and-half years of operationalisation. [GoogleAd] “African Sun would like to advice of the termination of its management agreement with Legacy. The…
© THE Zimbabwe Coalition on Debt and Development (Zimcodd) says local workers, who have been through untold suffering due to continually rising cost of living further eroding wages and salaries, have nothing to celebrate. [GoogleAd] “It is worrying that this year Workers’ Day is being commemorated in the midst of a deep socioeconomic crisis in…
© ZIMRE Property Investments (ZPI) says it recorded a loss of $1,42 million during the year ended December 31, 2018, compared to a profit of $2,49 million in 2017 due to portfolio restructuring and reduction in stand sales. [GoogleAd] Jean Maguranyanga, the company’s chairperson, said the listed property developer will continue to restructure its portfolio…
© GENERAL Beltings (GB) has slipped back into the red after registering an operating loss of $323 000 in the year to December 2018 against a prior year operating profit of $6 000 due to high finance costs. [GoogleAd] Godfrey Nhemachena, the company’s chairperson, said finance costs were 24 percent higher at $243 000 compared…
© THE Zimbabwe Revenue Authority (Zimra) says exercise duty collections more than doubled during the first quarter of 2019 compared to the same period last year after government hiked duty for fuel in January. [GoogleAd] On January 13, government ordered an increase on exercise duty for fuel, which resulted in a 150 percent increase in…
© Businessman Frank Buyanga’s African Medallion Group (AMG) was honoured last weekend as the startup that has displayed the greatest growth over the last year at the World Business Leaders and Honours Summit held at the Lady Majestic 71, one of Dubai’s 5-star luxury yacht. [GoogleAd] Organisers said the awards were a recognition of the…
© KENYA’S leading bank in terms of market capitalisation and customer numbers Equity Group has announced that it has entered into an agreement with Pan-Africa-focused banking group Atlas Mara to acquire the latter’s banking operations in four African countries. [GoogleAd] The transaction, which will be done through a share swap, will see Equity Bank acquire…
