Zanu-PF welcomes CCC MP’s wife

Leonard Ncube, Victoria Falls Reporter THE Zanu-PF Hwange District Co-ordinating Committee (DCC) has welcomed Citizens Coalition for Change (CCC) Binga North legislator Mr Prince Dubeko Sibanda’s wife Memory who has…

Cabinet pushes for triple tourism growth

Senior Business Reporter THERE is an urgent need to triple tourism growth from the current 4,5 percent of gross domestic product contribution to reach the target of a US$5 billion…

GMB ordered to prevent side marketing of grain

Sikhumbuzo Moyo, Senior Reporter GOVERNMENT has directed the Grain Marketing Board (GMB) to operationalise Statutory Instrument 149/19 to prevent side marketing of grain following low deliveries since the start of…

EIB lines of credit to local banks top e25m

The European Investment Bank (EIB) has pledged to continue supporting Zimbabwe’s post Covid 19 economic recovery initiatives after the bank extended a combined €25 million (US$26,82m) in lines of credit to two local banks for lending to productive sectors.

Ex-David Whitehead chief Chimanye disposes stake

Former David Whitehead Textiles Ltd (DWTL) chief executive officer and majority shareholder Edwin Chimanye has disposed of his stake in Zimbabwe’s largest garment making firm.

IDBZ evaluates $1bn infrastructure projects

The Infrastructure Development Bank (IDBZ) says it is evaluating private sector projects worth $1 billion from the energy, mining and irrigation sectors for funding in line with the bank’s mandate of supporting infrastructure development in the country.

Zambia now top Chinese FDI destination

Chinese President Xi Jinping on Tuesday held a phone conversation with his Zambian counterpart, Hakainde Hichilema. President Xi hailed the all-weather friendship between China and Zambia, stressing bilateral friendship is…

China in new measures to support economy

China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how provincial governments implement…

BRIEFLY . . .Euro-zone inflation hits record

Euro-zone inflation accelerated to an all-time high, intensifying the debate at the European Central Bank about how rapidly to raise interest rates from record lows. Consumer prices jumped 8,1 percent…

Due diligence when buying company-owned property

Further to the previous articles I have written on due diligence when buying immovable properties this one focusses on due diligence when buying a property registered in the name of a company. There are two main ways such properties may be sold, namely: