Business

Zimbabwe: New Act Curtails Shelf Company Manipulation

Some criminals that for long, have been manipulating the laxity around the registration of shelf companies, will have their shenanigans curtailed by new provisions of the recently promulgated Companies and other Business Entities Act (Chapter 24:31), Herald Finance & Business can reveal. The Act, among other fraud curtailing strategies, entails …

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Zimbabwe: ED Meets Moza Special Envoy

A Mozambican envoy, Mr Julio Dos Santos Jane, yesterday paid a courtesy call on President Mnangagwa at his Munhumutapa Offices to convey a special message from President Filipe Nyusi. Mr Dos Santos Jane said he was in Zimbabwe to deliver a special message to President Mnangagwa, who is the chairperson …

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Zimbabwe: Cola Joy for Pensioners

Government has granted pensioners a cost of living adjustment, which will be paid with effect from next month and backdated to January. The adjustment will be announced at a later date. Last year, public service pensioners were getting between $80 and $235 monthly. Secretary for the Public Service Commission, Ambassador …

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Zimbabwe: Council Property Database On Cards

Harare City Council is compiling a register of all properties to ascertain their market value for purposes of charging accurate rates. Further, the General Valuation Roll (GVR) will capture newly constructed properties, the improvements and subdivisions made in the last decade. New suburbs and buildings have no market ratings. Critically, …

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Zimbabwe: US$7m 10mw Solar Power Station On Cards

Cletus Mushanawani and Joseph Madzimure A 10 megawatt solar power station will be built in Zimbabwe before the end of next year at a cost of US$7 million by a leading German investor in renewable energy, Holtholding Group. Holtholding Group, which has a presence in 46 countries across the world, …

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Zimbabwe: Parly to Follow Up On RBZ Funds

Parliament will follow up on all companies that received foreign currency from the Reserve Bank of Zimbabwe (RBZ) to promote accountability and transparency. This came out yesterday when the Lands, Agriculture, Water and Rural Resettlement Parliamentary Portfolio Committee chaired by Cde Justice Mayor Wadyajena toured Agro-Milling Company in Msasa and …

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Zimbabwe: Farmers Pin Hopes On Cotton

Zaka — Communal farmers here are pinning hopes on cotton this farming season after erratic rains affected their plans. Chiredzi and other southern parts of Masvingo only received meaningful rains during the second half of the season dampening prospects of good harvests of grains such as maize. However, with marked …

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