HARARE – Former president Robert Mugabe is unhappy that his 37-year-long stint as the leader of Zimbabwe has only yielded $467 000 and not $10 million as widely reported. Mugabe was booted out of power and replaced by his estranged former deputy Emmerson Mnangagwa in November last year after a military intervention. “If you are…
HARARE – Pharmaceutical group MedTech shed 50 percent in Thursday’s trade, dragging the All Share Index down for the third consecutive day. The group — which posted a loss of $577 016 during the six months to June from $305 408 recorded in the same period in prior year — closed the session at $0,0001,…
HARARE – Diversified investment holding company Brainworks says it has disposed of some of its stake in GetBucks Microfinance Bank, to reduce its short term debt. The disposal which decreased the company’s stake in Getbucks by about two percent to just under 30 percent, has generated $565 340,53 for the company. In a statement, the…
HARARE – The 2018 tobacco marketing season ended on Friday with the country having surpassed the 2000 production record of 236 million kiligrammes(kg) which earned Zimbabwe over $920 million. Statistics from the Tobacco Industry and Marketing Board show that 2018 production increased to 240 million kg setting a new record for Zimbabwe. Last year production…
HARARE – Flamboyant businessman Wickenell Chivayo joined the fight for the preservation of the environment by pledging $50 000 towards The Diamond Land Ecohub during Wednesday night’s Annual Green Ambassadors Guild Awards at Zimbabwe Parks and Wildlife offices in Harare. The chairperson of Intratek Zimbabwe Wilson Manase speaking during the awards meant to reward innovators…
HARARE – Zimbabwe’s tourism is reaping rewards of increased connectivity brought about by an influx of low-cost airlines following airport refurbishments around the country, NKC Economics (NKC) has said. In an update on the country’s tourist prospects, NKC said the country, which saw an increase in airlines servicing its various routes after the refurbishment of…
HARARE – Zimbabwean businesses have embarked on a number of capital-raising initiatives led by their executive managers and leaders in preparation for the country’s post-poll period, the CEO Africa Roundtable said on Wednesday. It said the elections that are set for Monday next week will unlock opportunities for enterprising businesses. However, it cautioned that success…
HARARE – TETRAD Investment Bank Limited (Tetrad) has applied for civil imprisonment of businessman Jameson Rushwaya after he allegedly failed to pay $174 000 owed to the financial institution. Tetrad Investment Bank is part of the Tetrad Group, a Zimbabwe-based organisation with interests in the financial services sector, insurance, property and other areas of commerce….
HARARE – The Zimbabwe National Roads Administration (Zinara) is seeking close to $30 million to purchase road construction equipment. Transport minister Joram Gumbo said government will contribute $20 million while the roads administrator will chip in with $8,3 million. “You will be aware that 60 percent of funds disbursed to road authorities are taken up…
HARARE – Standards Association of Zimbabwe (Saz) director-general Eve Gadzikwa has praised Fidelity Life Assurance of Zimbabwe for continually being certified by the standards body despite belonging to a sector in which most players don’t go beyond regulatory requirements. Gadzikwa, who handed over the internationally-recognised SAZ ISO 9001:2015 certificate to Fidelity Life Assurance at a…
