David Whitehead investor to raise stake
AGRI Value Chain Zimbabwe (AVCZ) is set to raise its shareholding in David Whitehead Textile (DWT) after some minority shareholders agreed to dispose of their stake.
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More urban people require assistance: Zimstat
The poverty situation in Zimbabwe worsened between 2017 and 2019, with urban poverty rising faster as compared to rural while humanitarian assistance coverage of the extreme poor went up.
Airzim’s Boeing 777-200ER needs feeder ‘birds’
AIR Zimbabwe says the delivery of a Boeing 777-200ER earlier this week for long haul flights is a positive step towards the turnaround of the national airline.
Nyanga still has enough room for tourists
Business Reporter Nyanga, one of the country’s major tourist destinations, is still capable to host tourists despite the decision by the Zimbabwe Parks and Wildlife Management Authority (ZimParks) to close Rhodes Camp Nyanga for renovations. Rhodes Camp Nyanga will be closed for the next three months as the authority seeks to revamp it from being […]
Do not profit from corona-virus outbreak: Taobao
Chinese online giant Taobao has warned sellers using its platform not to profit from the deadly corona-virus outbreak by raising prices.
AfDB approves US$685 000 grant for disaster risk management training
The African Development Bank’s (AfDB) has approved a US$685 000 grant to strengthen Zimbabwe’s capacity to manage disaster risk.
Advantages of having your own business
We all can agree that starting your own business can be the most exhausting and difficult thing to do. But guess what
Akon Soon to Build his Own Crypto City in Africa
Akon is set to build his own city, which is going to be known as Akon City. Reports are that this city
Retailers defy VAT directive
Enacy Mapakame, Business Reporter Some businesses across the country are yet to comply with Government’s directive to reduce value added tax (VAT) to 14,5 percent. Last year, Treasury ordered the reduction of VAT by 0,5 percent, but receipts from some retail outlets show the tax is still pegged at 15 percent. Confederation of Zimbabwe Retailers […]
Govt mulls Telecel debt equity swap
TELECEL International (TI), a State-owned vehicle which owns 60 percent of Telecel Zimbabwe (TZ), is considering converting the US$90 million debt owed by the mobile network operator into equity, a move likely to close the chapter on historical squabbles among shareholders.