Business
Competition and Tariff Commission declines CBZ offer to minorities
The Competition and Tariff Commission (CTC) has resolved that CBZ Holdings Limited (CHZHL) must maintain 31.22% shareholding in First Mutual Holdings Limited (FMHL) which was initially approved by the Commission. CBZHL sought to acquire additional shareholding in FMHL through a Mandatory Offer to minority shareholders in accordance with the ZSE Listing Requirements and the Companies […]
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Driving Industrialization Through Local Vehicle Assembly
Zimbabwe is poised for a transformative shift in its economic strategy with the 2025 National Budget announcement by Finance Minister Professor Mthuli Ncube. By lifting the temporary suspension of customs duties on imported public service buses, effective January 1, 2025, the government has signaled a commitment to fostering local vehicle assembly and strengthening the country’s […]
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Air Zimbabwe’s Bold Move to Boost Northern Gateway: A Game-Changer for Regional Growth
In a move that promises to reshape the future of regional connectivity and economic growth, Air Zimbabwe is set to expand its reach, bringing hope and new opportunities to northern Zimbabwe. The national carrier’s announcement to relaunch and enhance regional and international routes is not just about aviation—it’s a clear commitment to regional development, greater […]
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ESG Awards Highlight Zimbabwe’s Business Transformation for a Sustainable Future
The 8th Zimbabwe National ESG and Responsible Business Achievement Awards, held at the Harare International Conference Centre on Friday, were not merely a celebration of corporate excellence; they were a testament to Zimbabwe’s growing commitment to a sustainable future. As the country advances towards Vision 2030, these awards underscored the remarkable transformation underway in the […]
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Kamativi Scoops Prestigious Award for Excellence in Social Impact and Environmental Sustainability
Kamativi Mining Company (KMC) has set a new benchmark for responsible corporate governance, emerging as a leader in both environmental conservation and community development. Recognized with the prestigious “Social Impact and Excellence Award” by the Environment, Social Governance (ESG) Network of Zimbabwe, the company’s efforts are a testament to the transformative role businesses can play […]
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ZSE Halts Meikles shares trading amid row
Meikles Limited shares have been halted from trading on the Zimbabwe Stock Exchange for a period of up to one hundred and eighty days (180) to allow the company to address some corporate governance issues. The suspension is effective the 26th of November 2024. The company has recently been in turmoil following major shareholder John […]
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Bridgefort Capital delists from ZSE, sets sight on VFEX
Bridgefort Capital Limited has voluntarily terminated its listing on the Zimbabwe Stock Exchange (ZSE) with effect from the 26th of November 2024. The company’s class A and B shares can no longer be traded on the bourse. The company’s shareholders resolved to terminate the listing on the 15th of November. The move is in line […]
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“Organic Farming Revolution: How Iddy Is Transforming Agriculture with Nutriplant Organic Plus Fertilizer”
In the heart of Zimbabwe’s farming community, Iddy is making waves by introducing farmers to a game-changing product: Nutriplant Organic Plus Fertilizer. With the agriculture sector facing mounting challenges, from declining soil fertility to unpredictable weather patterns, Iddy’s efforts to market this eco-friendly fertilizer are creating a ripple effect, transforming farms and boosting productivity across […]
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ZIMRA prosecutes taxpayers for non-filing of returns
In a significant intervention to enhance revenue collection, the Zimbabwe Revenue Authority (ZIMRA) has commenced prosecution of taxpayers who have not been filing tax returns and honoring their tax obligations. The taxpayers risk accumulating penalties and interest as the authority is mandated by the law to effect these charges on overdue taxes. The revenue authority […]
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A Boost for the Economy as Zimbabwe Attracts Over US$1 Billion in Investments
Zimbabwe’s economy has received a major boost, attracting investments exceeding US$1 billion during the third quarter of 2024, with the mining sector leading the charge. This impressive capital inflow is a testament to the business-friendly policies introduced by President Mnangagwa’s government, which are restoring confidence among both local and international investors. According to a report […]
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