Business

A trend is emerging at the Zimbabwe Revenue Authority (Zimra) whereby its top officials appear to be averse to subjecting themselves to the same values they would want their stakeholders to follow.

Indian firm Balasore Alloys said yesterday the deal to acquire 70 percent shareholding in Zimbabwe Alloys Limited was still on despite claims by judicial manager Reggie Saruchera this week that he had terminated the $90 million transaction.

Diversified insurance group, Fidelity Life Assurance of Zimbabwe realised $23,4 million from sale of stands at its Southview Park project in the financial year 2017. According to the group’s financial results for the year to December 31, 2017, this was a 4 percent decline from prior year’s $24,2 million.

Sanyati Rural District Council has struck a deal with a Germany-based firm for the setting up of a 100-megawatt solar plant in the area, an official has revealed.

The National Assembly yesterday ratified the $153 million Robert Gabriel Mugabe International Airport expansion project following the signing of a loan agreement between Government and China Eximbank last month.