Business

Zimbabwe has begun harvesting its first crop of legally cultivated industrial hemp after it decriminalised cannabis in 2018 to tap into the multi-billion-dollar industry.

The Zimbabwe Anti-Corruption Commission (ZACC) has busted a syndicate involving Grain Marketing Board (GMB) workers who are allegedly hoarding mealie-meal for resale on the black market at extortionate prices.

A long-standing feud between Croco Holdings main shareholders — Moses Chingwena and Farai Matsika — has spilled into the High Court, with Matsika seeking a forensic audit and valuation of the company plus payment of full value of his 30 percent shareholding.

Industry and Commerce Minister Dr Sekai Nzenza has dissolved the Industrial Development Corporation of Zimbabwe (IDCZ) board with immediate effect.

Credit Suisse, which has been rocked by a spying scandal, announced Friday that chief executive Tidjane Thiam had resigned and would be replaced by the current head of the bank's Swiss operations.