The Weekend In Business

This Weekend In Business
Photo Credit: Urban Revolution Nation

Zimra tells tobacco body to withhold 10pct of payments to farmers without clearance certificates

Zimbabwe’s tax agency has directed the tobacco industry regulator to withhold 10 percent of the money payable to farmers without valid tax clearance certificates.

Source: The Source

Suspension of Chiyangwa’s company lifted

The Zimbabwe Stock Exchange (ZSE) said it has lifted the suspension on shares of Zeco Holdings Limited it imposed last November to allow it to comply with the bourse listing requirements.

Source: Bulawayo News 24

Africa insurance giant targets Zimbabwe

One of Africa’s leading insurance firm, ZEP-Re is seeking to extend business into Zimbabwe. ZEP-Re which is also known as Preferential Trade Area (PTA) Reinsurance Company, underwrites life and non-life insurance risks in Kenya, India, Uganda & Sudan.

Source: DailyNews

Foreigners flock to tobacco floors

Poor grading and presentation, and glitches in e-auctioning have led to a marginal decline in the early stages of this year’s tobacco marketing season compared to the prior period, but foreigners are still flocking to buy Zimbabwe’s golden leaf.

Source: TheSundayMail

Clothing sector in distress

Zimbabwe’s clothing manufacturers are no longer certain about their future. This is because banks are said to be allocating foreign currency for the importation of finished garments.

Source: The Standard


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