BUSINESS NEWS

Smelly Dube scoops top UK award

GWERU-based private property developer Smelly Dube raised the Zimbabwean flag high at the ongoing African Achievers Awards International Lectures and Honours currently underway in Newington, United Ki...

By Staff reporter | Published: 16 July 2019

MINING & RETAIL

Chrome smelters sued over US$7 million ore

Chrome mining and smelting company, Afrochine Smelting, has been taken to the High Court by NR Barber (Private) Ltd, for allegedly unlawfully removing its chrome ore worth US$7 million.Afrochine Smelt...

By Staff reporter | Published: 03 July 2019

BUSINESS NEWS

Fairfax dismembers BancABC parent

KENYA'S leading bank in terms of market capitalisation and customer numbers Equity Group has announced that it has entered into an agreement with Pan-Africa-focused banking group Atlas Mara to acquire...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

SMES generate $1million in taxes daily at border

SMALL to medium enterprises (SMEs) are generating an average of $1 million a day at the Beitbridge Border Post through payment of taxes, according to Women Affairs, Community, Small and Medium Enterpr...

By Staff reporter | Published: 29 April 2019

BUSINESS NEWS

'SMEs key in uplifting Zimbabwe economy'

The impact of small to medium enterprises (SMEs) on the country's economy cannot be ignored. They contribute largely, not just to the fiscus, but continue to fill the gap in providing services and pro...

By Staff reporter | Published: 16 December 2018

MINING & RETAIL

Bindura smelter project put on hold

PAYMENT for a bond which was floated a few years ago for the restart of a smelter by Bindura Nickel Corporation (BNC) is weighing down on the company's capital requirements after it spent US$5 million...

By Staff reporter | Published: 07 December 2018

POLITICS

Mugabe's Smelly legacy of patronage

Smelly Dube, a businesswoman from Midlands province who was once close to former president Robert Mugabe's family, has been throwing a stink over a controversial housing project that is now giving the...

By BRENNA MATENDERE | Published: 02 December 2018

MINING & RETAIL

Unki Mine smelter nears completion

Anglo American Platinum's local unit, Unki Mine, anticipates completion of its smelter project in the third quarter of 2018 and is expected to create employment and contribute towards economic growth....

By Staff reporter | Published: 27 July 2018

POLITICS

Smear campaign against Khupe from Chamisa' camp

MDC-T leader Thokozani Khupe has assured her supporters that she was still in the presidential race, dismissing speculative social media reports suggesting that she had withdrawn her candidacy to supp...

By Staff reporter | Published: 20 June 2018

BUSINESS NEWS

SMEs still largely unbanked

Emerging small to medium enterprises (SMEs) are still lagging behind in financial inclusion accounting for only 1 percent of the total bank accounts as at the quarter to March 2018. Figures from the R...

By Staff reporter | Published: 20 June 2018

BUSINESS NEWS

NRZ Pension Fund sues SMEs over rental arrears

THE National Railways of Zimbabwe Contributory Pension Fund has taken one of its Bulawayo tenants, Small and Medium Enterprises Association of Zimbabwe, to court over $13 000 rental arrears. NRZ Pensi...

By Staff reporter | Published: 18 June 2018

POLITICS

Smear campaign against Tshinga Dube

ZANU-PF candidate for Makokoba Constituency Retired Colonel Tshinga Dube yesterday said unscrupulous people were out to smear his name by printing flyers alleging that he was contesting as a Zapu cand...

By Staff reporter | Published: 14 June 2018

TELECOMS & TECHNOLOGY

NetOne to fund 500 SMEs

STATE-owned mobile telecommunications firm, NetOne, has come up with a programme to capacitate 500 Small to Medium Enterprises (SMEs) across the country and help them create jobs in the next few month...

By Staff reporter | Published: 12 June 2018

POLITICS

Commonwealth poll assessment team in Zimbabwe

A seven-member Commonwealth membership assessment team is on a five-day visit to observe the pre-election environment as part of a broader informal assessment of the situation in the country after Zim...

By Staff reporter | Published: 05 June 2018

BUSINESS NEWS

Zimbabwe targets tax cuts for SMEs

The Zimbabwe Revenue Authority (Zimra) plans to cut taxes for small to medium enterprises (SMEs) as part of efforts to help them formalise their operations through compliance. A working paper titled ...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

SME complex opens in June

LISTED construction firm Masimba Holdings is putting final touches to the construction of Old Mutual's $21,4 million Small to Medium Enterprises (SME) centre in Harare, targeting its official opening ...

By Staff reporter | Published: 30 May 2018

POLITICS

Petina Gappah targets Mukupe in smear campaign?

LAWYER and writer, Petina Gappah, has reportedly been exposed for meddling in Zanu-PF internal affairs, after she allegedly attempted to use a phantom Twitter character to have Finance deputy minister...

By Staff reporter | Published: 24 May 2018

MINING & RETAIL

BNC repays quarter of $20m smelter bond

Zimbabwe Stock Exchange (ZSE) listed integrated nickel miner, Bindura Nickel Corporation (BNC), has successfully repaid $5 million (25 percent) of the $20 million the company mobilised through a bond ...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

Industry wants tax holidays for SMEs

LOCAL industry is proposing that government offers tax holidays for small- to-medium enterprises (SMEs) to help grow the sector that has become the backbone of the economy.Zimbabwe National Chamber of...

By Staff reporter | Published: 23 April 2018

BUSINESS NEWS

CBZ invests $12m in Harare SMEs centre

Zimbabwe Stock Exchange-listed financial services group, CBZ Holdings, has set aside $12 million to establish a small to medium enterprises centre in Harare. CBZ Properties general manager Hasmon Bvum...

By Staff reporter | Published: 09 April 2018

POLITICS

Smelly Dube faces arrest over State land 'theft'

GWERU businesswoman and property developer, Ms Smelly Dube who is being investigated by police for fraud after she allegedly clandestinely stole State land and fraudulently sold residential stands to...

By Staff reporter | Published: 26 March 2018

BUSINESS NEWS

Harare's dirty and smelly water

Harare's piped water is dirty and smells foul when it is available, but scientific research indicates that it could also be killing residents slowly and silently.Health minister David Parirenyatwa - d...

By Staff reporter | Published: 25 March 2018

FINANCIAL SERVICES

CBZ to avail additional $10m for SMEs loans

ZIMBABWE's largest banking group, CBZ Holdings, will this year avail an additional $10 million loan facility to Small and Medium Enterprises (SMEs) as it seeks to consolidate its support to one of the...

By Staff reporter | Published: 23 March 2018

FINANCIAL SERVICES

CBZ targets SMEs as profits rise

CBZ Holdings, Zimbabwe's biggest banking group (by assets and deposits) plans to expand its small to medium enterprise loan book by $10 million to stimulate growth in the sector, as profits rose 17 pe...

By Staff reporter | Published: 19 March 2018

BUSINESS NEWS

'Immigration employees smear campaign top brass'

THE Department of Immigration has accused some of its workers of launching a smear campaign against the organisation, following reports that the top brass was involved in massive sexual abuse and corr...

By Staff reporter | Published: 15 March 2018
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