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Govt injects US$115m for NRZ recapitalisation
Zim Now WriterThe National Railways of Zimbabwe's recapitalisation drive has seen the government injecting capital to the tune of US$115 million for the acquisition of rolling stock, including locomot...
Tongaat Hulett mulls selling Zim sugar estates to Tanzania’s Kagera
Zim Now WriterTongaat Hulett, the South African sugar producer, is planning to sell its sugar estates, including those in Zimbabwe, to Kagera Sugar, one of East Africa’s biggest sugar producers.This i...
Choppies eviction: Victims of shady landlord
Philemon JambayaA sale agreement between Cembeee Private Limited and Africa Flea Market Private Limited which did not consider a running lease culminated in the sensational eviction of Choppies Superm...
ZISCO bosses blame power cuts, sanctions for company’s collapse; dismiss allegations of graft
Zim Now WriterZimbabwe Iron and Steel Company bosses on Wednesday dismissed graft and mismanagement as causes of the firm’s collapse, blaming instead, prolonged power cuts and the United States impose...
Shareholders vote to have Tetrad converted to property development firm
Shareholders of Tetrad Investment Bank want to turn the financial institution into a property development company.At an extraordinary general meeting convened at Harare Club, they recently voted unani...
Zim business caught offside as currency gain continues
Government has rejected business’ plea for “space” to be allowed to sell at the old exchange rate for a few months, which would effectively keep inflation sky high.“The policies are there to stay,” sa...
Simbisa to open 40 food outlets within a year
 Simbisa Brands Limited is planning to open more than 40 food outlets across the country in the next 12 months, the company has announced.Warren Meare, Simbisa Brands Managing Director, said the expan...
Invictus expects preliminary Mukuyu-2 results mid-August
Zim Now Writer Invictus Energy has said it has completed at least 425km of seismic line preparation ahead of the data acquisition expected to be complete by mid-August.Invictus Managing Director Scott...
Stanbic establishes WhatsApp accessible application for deceased estate management
Leading financial services institution, Stanbic Bank, has developed a deceased estate chatbot that can be accessed via WhatsApp and on the Stanbic Bank website in its quest to support the surviving fa...
Zim Dollar strengthens
The Zimbabwe dollar gained for the fourth week running at this week’s foreign currency auction, where about US$11 million of the US$20 million that was available was taken up.The local currency, which...