adminRBZ arranges $50m bond for coins
Tinashe Makichi Business Reporter— The Reserve Bank of Zimbabwe has arranged a $50 million bond facility to back the issuance of special coins meant to ease change shortages in the…
Taxing capital gains on shares is anti-indigenisation
Conrad Mwanawashe Business Reporter Delta Corporation says taxing capital gains from the sale of shares acquired under share option schemes is inconsistent with the indigenisation and empowerment thrust. Giving oral…
Dairibord revenue retreats 11 percent
Golden Sibanda Senior Business Reporter Dairibord Holdings revenue for the interim to June 2014 retreated 11 percent to $43,7 million weighed down by a 6 percent decline in volumes. Revenues…
Nesbitt injects $2 million in N1 Hotel refurbishment
Tendai Sahondo Business Correspondent The Nesbitt hospitality Group has invested over $2 million in the refurbishment of the N1 Hotel in Harare which opened its doors to the public last…
Travel agencies are a vital cog
Isdor Guvamombe Tourism Matrix Travel agencies are a vital cog in driving the growth of any tourism sector across the world. The agencies are very important because they are the…
The Pavilion comes home
Stephen Garan’anga The introduction of Zimbabwe’s Pavilion at the 54th edition of the Venice International Art Biennale, Italy in 2011 opened opportunity doors for other African countries’ participation at the…
‘Ciara, Future are back together’
After breaking off a nine-month engagement in August, TMZ reports that Future and Ciara are getting back together. The couple had a child, Future Zahir Wilburn, in May.
Mazowe, Minute Maid volumes shoot up
Conrad Mwanawashe Business Reporter SCHWEPPES volumes for Mazowe and Minute Maid shot up to 6,8 million cases in 2013 from 2,5 million in 2009 with the group expecting volumes to…
Sunset Arena to host beer festival
Entertainment Reporter A beer festival featuring various entertainment activities has been lined up for Sunset Arena on October 24 and 25. The new venue, Sunset Arena, which hosted the Harare…
Construction industry to miss projected growth
Nelson Gahadza Business Correspondent The construction industry is expected to miss its projected 11 percent growth in 2014 amid calls for a Construction Industry legislation which aims to improve the…