POLITICS

Mutsvangwa hails empowerment group

Minister of State for Manicaland Provincial Affairs Monica Mutsvangwa has hailed a local organisation - Young Women in Business - for supporting business initiatives that empower women and promote sel...

By Staff reporter | Published: 22 May 2018

BUSINESS NEWS

Zim changes controversial empowerment laws

Zimbabwe has sought to open participation to the country's economic sectors by legally making changes to the country's controversial empowerment laws.On Friday, the Zimbabwean government gazetted new ...

By Staff reporter | Published: 19 March 2018

BUSINESS NEWS

'Reconsider empowerment law review'

THE Affirmative Action Group (AAG) has asked government to reconsider its position on the indigenisation law, proposing that the threshold be reduced to between 10% and 30% for locals to benefit.Prese...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Drastic change to Zim empowerment laws

Zimbabwe has made drastic changes to its controversial economic empowerment laws, restricting it to only two minerals.Presenting the 2018 National Budget on Thursday, Finance and Economic Empowerment ...

By Staff reporter | Published: 07 December 2017

FINANCIAL SERVICES

Women's Empowerment Bank ready to roll

THE setting up of Women Empowerment Bank is at an advanced stage with the bank's chief executive officer already appointed to kick start the financial institution's operations before year-end.The bank...

By Staff reporter | Published: 15 September 2017

BUSINESS NEWS

Econet unveils youth empowerment initiative

Zimbabwe's largest mobile network operator Econet Wireless Zimbabwe (Econet) yesterday unveiled a youth empowerment initiative, Elevate Virtual Agent Programme (Evap), which is expected to create 25 0...

By Staff reporter | Published: 06 September 2017

LANDS & AGRICULTURE

Tobacco farmers to benefit from empowerment trust

100 tobacco farmers will benefit from the BAT Zimbabwe Tobacco Empowerment Trust which will see indigenous small scale farmers in tobacco regions being capacitated with best agricultural techniques.Th...

By Staff reporter | Published: 03 August 2017

BUSINESS NEWS

Live empowerment, beneficiation, says Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has rallied Zimbabweans to "live their vision and mission on empowerment, and beneficiation" if the country's economic turnaround is to be achieve...

By Staff reporter | Published: 21 June 2015

POLITICS

Zim may introduce empowerment levy on foreign companies

Zimbabwe may introduce a levy on foreign and white-owned companies to pay for the training of unemployed black Zimbabweans, Indigenisation Minister Francis Nhema said.The southern African nation has s...

By Bloomberg | Published: 06 June 2014

POLITICS

Empowerment policies flexible

Indigenisation and economic empowerment policies are not cast in stone and foreigners can hold majority shareholding in any enterprise depending on the nature of their investment, the President has sa...

By Staff reporter | Published: 23 April 2014

POLITICS

'Focus more on empowerment as opposed to indigenisation'

Foreign banks may not declare dividends in the next five years as they battle to mobilise the $100 million capital requirement and therefore Government should consider promoting empowerment as oppose...

By Staff reporter | Published: 17 March 2014

INDUSTRIALS & ENERGY

Innscor's empowerment plan approved

Innscor Africa Limited's shareholders approved the company's Indigenisation Implementation Plan at an EGM held earlier today.Group Chief Executive John Koumides told the meeting that in order for the ...

By Staff reporter | Published: 24 January 2014

INDUSTRIALS & ENERGY

Meikles seeks approval for empowerment deal

MEIKLES Limited shareholders will tomorrow convene an extraordinary general meeting to either vote for or against the allocation of 10% of the company's shares to employees, as the group partially c...

By Staff reporter | Published: 26 November 2013

POLITICS

Black empowerment tops Mugabe's agenda

President Robert Mugabe says his party won "a resounding mandate" from voters to complete a sweeping black empowerment programme to take over foreign and white-owned assets.Mugabe said on Tuesday the ...

By AP | Published: 13 August 2013

AFRICA NEWS

Mthuli Ncube slams SA's black economic empowerment programme

Cape Town - Professor Mthuli Ncube of the African Development Bank (AfDB) has slammed black economic empowerment (BEE), saying it is not creating any value."I've looked at all BEE deals up till about...

By fin24 | Published: 10 June 2013

POLITICS

Zimbabwe now wants 51% equity at zero cost

The government is working on amending the controversial Indigenisation and Economic Empowerment Act to allow for non-payment of the 51% equity from foreign-owned companies, Fin24 reported.According ...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Zim empowerment board threatens to shut down Stanchart Bank

THE Economic empowerment board has threatened to shut down British-owned Standard Chartered bank and three mining companies until they comply with the country's indigenisation laws.According to sta...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Banking sector complies with indigenisation and empowerment regulations

THE banking sector is complying with the country's indigenisation and empowerment regulations, despite spirited efforts from some quarters to discredit the programme.Youth Development, Indigenisatio...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

'Come to build your own industries and revive the economy' of the city, BYO youth urged

YOUTH Development, Indiginisation and Empowerment Minister Saviour Kasukuwere has implored Bulawayo youths to take the city's economy back to its feet.Addressing youths during the handover of the c...

By Staff Reporter | Published: 10 June 2013
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