Zimbabwe govt to simplify business licensing

The Zimbabwean Government is taking proactive steps to simplify the business licensing process and reduce associated costs, with the aim of improving the ease of doing business in the country. A Cabin...

Simba Makoni steps down

Simba Makoni has stepped down as Powerspeed chairman, having served since 2010, the company says. "Makoni resigned from the Board of Directors of the Company with effect from 23 February 2023....

Currency sabotage: 350 nabbed

OVER 200 local businesses were slapped with severe sanctions by the Financial Intelligence Unit (FIU) for manipulating the foreign currency exchange rate through illicit black market currency trading ...

RBZ freezes 4 firms' accounts

Bank accounts of four private companies under investigation for possible money laundering have been frozen by the Reserve Bank of Zimbabwe's investigations arm, the Financial Intelligence Unit (FIU), ...

Simba Makoni arrested for exchange rate violation

Opposition Mavambo/Kusile/Dawn leader Simba Makoni was arrested and dragged to court, charged with contravening the Exchange Control Act on Tuesday.Makoni, who appeared before Magistrate Stanf...

Gun shot in kombi full of passengers, businessman commits suicide

COMMUTERS on-board a Sakubva Musika-bound kombi got off the vehicle in haste on Wednesday morning after a passenger shot himself in the chest with a pistol, bringing business to a standstill in Mutare...

Powerspeed building its business around retailing, says MD

Powerspeed has been building its business around retailing, through the Electrosales brand, as the operating environment has been difficult for manufacturing, MD Hilton Macklin told an analyst br...