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Zimbabwe’s corporate rescue law faces scrutiny amid low success rate

CORPORATE RESCUE — a local form of bankruptcy protection — is increasingly being tested as more companies leverage the law to stave off potential...
Business

Afdis Posts 43% Surge in Sales as Strong Demand Boosts Half-Year Results

HARARE – African Distillers Limited (Afdis), the producer of popular beverage brands such as Viceroy, Nederburg and Hunters Dry, posted a strong performance for...
Business

The limits of expertise on boards

Having served on several boards over the years, I have observed patterns that shape how effectively boards make decisions. One recurring theme is the...
Business

Government Acquires Monomotapa Hotel to House MPs

BULAWAYO – The government says Monomotapa Crowne Plaza hotel which it acquired through the public service pension fund in August will be used to...
Business

Zimbabwe power demand forecast to reach 5 000 MW by 2030

Zimbabwe’s national grid power demand is projected to surge from 2 200 megawatts (MW) to 5 000 MW by 2030, largely driven by growing...
Business

Carlsberg–Varun Partnership Seen as Major Threat to Zimbabwe’s Iconic Mazoe Crush

HARARE - The recently announced strategic partnership between Carlsberg and Varun Beverages to enter the Zimbabwean beer market is raising concern among industry watchers,...
Business

Government Slashes Business Fees, Consolidates Licences in Major Relief for Retailers

HARARE - In a landmark policy move designed to revitalise Zimbabwe’s retail and small business sectors, the Government has drastically reduced business fees and...
Business

Invictus establishes head office in Harare

AUSTRALIAN firm Invictus Energy has moved its corporate headquarters to Harare, shifting its operational base to Zimbabwe, while remaining legally domiciled in Australia. The move...
Business

Harare takes US$500,000 hit after slashing business licence fees by 50 percent

HARARE – The City of Harare has slashed business licence fees by 50 percent, a move officials admit will leave a US$500,000 hole in...
Business

Namib’s How Mine Sets New Zimbabwe Safety Benchmark

HARARE – Namib Minerals’ How Mine Reaches 1 Million Fatality-Free Shifts, Setting a New Benchmark for Zimbabwe’s Mining Sector Namib Minerals’ How Mine has achieved...
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