Zhongtong Suspends Operations in Zimbabwe
Terrence Kurira
Harare - Zhengzhou Bus Zimbabwe (Private) Limited, trading as Zhongtong Bus Zimbabwe, has announced that it will suspend its business operations in Zimbabwe.
The decision takes effect from January 14, 2025.
The Chinese bus manufacturing...
Israel Seizes Palestinian Tax Funds
By Staff Reporter
Israel has illegally seized US$ 544 million in Palestine tax and customs revenue. Israel plans to use tax revenue it collects on behalf of the Palestinian Authority to pay the PA's nearly...
Mukuru launches mobile wallet
HARARE - Mukuru, a leading financial services provider, has introduced Mukuru Wallet, a new mobile wallet designed for Zimbabweans to bolster financial inclusion. This launch follows the company's successful application for a Deposit-Taking Microfinance...
Invictus Energy Secures Licence Renewal for Muzarabani Exploration
HARARE - Invictus Energy Limited, an Australian-based oil and gas company, says its 80% owned Zimbabwean subsidiary, Geo Associates, has secured a three-year extension for its SG 4571 licence in the Cabora Bassa Basin,...
Zimra to increase tax base by 25% in US$7.1 bln chase
Itai Ndongwe
HARARE (FinX) – Zimbabwe Revenue Authority (Zimra) says it will chase a revenue target of US$7.1 billion in 2025, which is up 16.39% from US$6.1 billion in 2024. This will be anchored on...
Zimbabwean Churches Unite in Prayer for Palestine Amid Gaza Crisis on Women’s Day of...
By Staff Reporter
Zimbabwean churches joined hands in solidarity with Palestine on the International Women’s Day of Prayer, a significant and somber occasion marked by unity and compassion. This act of faith and support came...
Barnard appointed substantive Kuvimba Mining CEO
HARARE - Kuvimba Mining House has appointed Trevor Barnard as Group CEO, beginning December 1, 2024, to continue to drive expansion and development of the resources company.
Barnard, who has been serving as the Acting...
Mutapa enlists Afreximbank to mobilise project preparatory funding
HARARE - Afreximbank and Mutapa Investment Fund (MIF) have launched a US$50 million Joint Project Preparation Facility (JPPF) to support project development in Zimbabwe's key economic sectors.
This initiative aims to mobilise project preparatory funding,...
NHS Zimbabwe set for growth with airport upgrade
By Itai Ndongwe
Harare- National Handling Services (NHS), a leading provider of airport handling services, expects a 5% increase in passenger and aircraft handling by 2025.
This growth trend will be fueled by the expansion of...
ZimTrade’s Eagles Nest to rope in institutions of higher learning
Farai Mabeza
ZIMTRADE says it will from next year utilise various institutions of higher learning and vocational training centres as it expands the Youth Export incubation programme, Eagles Nest.
Eagles Nest was launched in 2020 to...
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CAFCA’s export volumes up 69% in Q1 as it foresees better...
HARARE – Cable manufacturer, CAFCA says its export volumes for the first quarter ended December 31, 2019 rose 69% from the comparative period in...
