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Nigel Chanakira, AfrAsia feud drags on

FRASIA Bank has failed to beat the deadline to settle the $12,5 million for shares held through banker Mr Nigel Chanakira’s Crustmoon which would have concluded the long running divorce of the two parties. The deadline for the separation of AfrAsia and Mr Chanakira through the repurchasing of 289 133 …

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Nhema told to align indigenisation laws

Zanu-PF’s Politburo has directed Youth Development, Indigenisation and Empowerment Minister Francis Nhema to align the indigenisation laws with the policy and report back to the ruling party with recommendations. Party spokesperson Cde Rugare Gumbo said yesterday Minister Nhema was on Wednesday directed by the Politburo to ensure the law reflects …

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British American Tobacco Faces Fresh Espionage Allegations

Fresh allegations of corporate espionage and possible money-laundering emerged this week against British American Tobacco (Batz) Zimbabwe’s parent company, British American Tobacco PLc (Bat) amid reports the SA Revenue Service (Sars) has unearthed errant and illegal behavior on the part of the company. The allegations lend credence to accusations Batz …

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Zimplats to engage Zesa over Power Supply

Zimbabwe’s largest platinum producer Zimplats plans to engage national power utility Zesa Holdings as part of efforts to secure reliable electricity supply ahead of its planned expansion. The miner — 87 percent owned by South Africa-based Impala Platinum Holdings — intends to increase production and set up a $100 million …

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Chinamasa says Bippas won’t stop assets takeover

HARARE – Bilateral Investment Promotion and Protection Agreements (Bippas) do not prevent government from compulsory acquisition of assets from investors, Finance minister Patrick Chinamasa said. The Treasury chief told Parliament last week that government would only have to compensate the investor. “Under the Bippas, government is not prevented from compulsory …

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Metallon eyes listing on ZSE

Metallon eyes listing on ZSE Metallon Gold Zimbabwe is eyeing a potential listing on the Zimbabwe Stock Exchange as part of efforts to comply with the country’s indigenisation laws.In a report, the group said it was liaising with Government regarding the indigenisation policy considering that it is no longer a …

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InfoTech signs deal with Zimbabwe Stock Exchange

InfoTech Group has recently signed an agreement with Zimbabwe Stock Exchange for a turnkey deployment of Automated Trading System that will ultimately improve the efficiency of Zimbabwe Stock Exchange during trading operations. This historic agreement with InfoTech was signed by Mr. Alban Chirume, CEO of ZSE and Mr. Naseer A …

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Mthuli Ncube Making Bid to Lead African Development Bank

THE African Development Bank’s chief economist Mthuli Ncube is making a bid to head the bank, taking over from current President Donald Kaberuka whose second five-year term expires next May. Ncube, a native Zimbabwean and naturalized South African, is lobbying South Africa’s finance minister and other officials for the country …

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Luke Ngwerume Launches ZimSelector.com

An exciting new company in Zimbabwe offers good news against a global backdrop of falling confidence and failing finances. ZimSelector.com is the first on-line Financial Services Mall for Zimbabweans at home and abroad.Led by Old Mutual CEO emeritus Luke Ngwerume, ZimSelector.com is proud to bring Zimbabwe’s most trusted brands in …

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Eddie Cross on Zimbabwe Renewal – Stability and Freedom

Eddie Cross on why the business community views the possible return of the Zim dollar with horror Zimbabwe Renewal – Stability and Freedom Stability and freedom are inextricably intertwined in national affairs; you cannot have the one without the other. The instability that has taken a grip on the countries …

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