City gears up for ZITF 2026

RBZ revokes Cashbox licence

Ecobank Legends Night draws full house

Real estate division boosts ZAS topline

Prisca Tshuma, Staff Writer01K views

THE Zimbabwe Agricultural Society (ZAS) registered significant growth in its real estate division, charged by the increase in occupancy rates during the year ended December 31,2024.This growth was against the adverse macroeconomic environment that was characterised by depressed activity in the agricultural sector due to El Nino-induced drought, declining commodity prices, currency volatility and erratic…

Subscribe to read full article. Subscribe today

Read more

Zimbabwe’s progress in tapping into Middle East markets

Staff Writer01K views

By Mohamed Jassat ZIMBABWE’s intensified engagement with countries in the Middle East has yielded substantial economic benefits, including increased trade, foreign direct investment and generation of employment, access to technology, and economic diversification.These benefits demonstrate the potential of Zimbabwe’s engagement with countries in the Middle East to drive economic growth, development, and diversification.The Middle East…

Subscribe to read full article. Subscribe today

Read more

Billion-dollar fisheries industry on the cards

Elton Manguwo, Staff Writer01.4K views

Zimbabwe’s fisheries and aquaculture sector is set to be transformed into a billion-dollar industry through a new Bill designed to tackle longstanding challenges hampering production and productivity, a senior official has announced.The proposed Fisheries and Aquaculture Bill aims to introduce robust measures to promote sustainable fishing practices, invest in modern technologies, and support small-scale producers.Speaking…

Subscribe to read full article. Subscribe today

Read more

Zimplats borrowings up on expansion drive

Almot Maqolo, Staff Writer01.4K views

ZIMPLATS increased its total borrowings from US$60 million to US$64,5 million during the half-year ended December 31, 2024 to finance operations and expansion projects, the company has said.Accordingly, the company made new drawdowns totaling US$9 million to finance its operations and expansion projects, while also repaying US$3,2 million in debt during the period.The loans were…

Subscribe to read full article. Subscribe today

Read more

Makomo exits business rescue

Staff Writer01.6K views

MAKOMO Resources has successfully exited business rescue following the restructuring and settlement of obligations to creditors.The coal miner operating in Zimbabwe’s northwestern coalfields went under administration in 2021 due to unsustainable debts and operational challenges.“We are pleased to announce that effective 27th of February, 2025, the corporate rescue proceedings for Makomo Resources were officially concluded.…

Subscribe to read full article. Subscribe today

Read more

Fastjet introduces Harare-Lusaka flight

Staff Writer01.5K views

FASTJET Zimbabwe has added a new flight service connecting Harare and Lusaka, set to commence on April 9.The route will operate three times a week, on Mondays, Wednesdays and Fridays, using a 50-seater Embraer ERJ145 aircraft.According to the airline, this new service, which includes an early morning departure option, aims to “enhance economic and social…

Subscribe to read full article. Subscribe today

Read more

Digital economy vexes local tax law-makers

Kudzanai Gerede, Companies and Market Editor0869 views

THE new digital economy has created tax loopholes that make it challenging for policymakers to enforce compliance while depriving the state of vital resources for national development, a senior treasury official has said.Technological advancements have created new business opportunities while presenting challenges to traditional tax systems.Speaking at the Annual Tax Review Breakfast Meeting hosted by…

Subscribe to read full article. Subscribe today

Read more

Zinara increases disbursements to road authorities

Staff Writer01K views

THE Zimbabwe National Road Administration (ZINARA) reported a significant improvement in budget utilisation by road authorities, following the disbursement of ZWG 4.7 billion in 2024. This enhanced efficiency has been attributed to strengthened revenue assurance mechanisms and an expanded scope of special public interest projects requiring increased funding. A schedule of actual disbursements published by…

Subscribe to read full article. Subscribe today

Read more

Djokovic player union begins legal action against tours

Staff Writer01.1K views

The players’ union co-founded by Novak Djokovic has begun legal action against tennis’ governing bodies, citing “anti-competitive practices and a blatant disregard for player welfare”. The Professional Tennis Players’ Association (PTPA) has filed papers at the United States District Court in New York, where it is seeking a jury trial. The 163-page lawsuit, which has…

Subscribe to read full article. Subscribe today

Read more

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More