Business

The Zimbabwe Revenue Authority (Zimra) has apprehended one of the suspects who tried to transfer nearly $2 million from the taxman’s fiscal accounts and cleared five officers who had been sent on forced leave to facilitate investigations.

Regional hospitality group Cresta Hotels has re-launched its Cresta Churchill hotel in Bulawayo after completing a $700 000 refurbishment that was focused principally on its accommodation offering, but also linked to upgrading of a range services and facilities.

The Zimbabwe Anti-Corruption Commission (Zacc) is investigating corruption cases involving over $78 million at the National Social Security Authority (NSSA) and National Building Society (NBS) in which funds were released to individuals and companies for the construction of houses in and around Harare.

Operational challenges at Hwange Colliery Company Limited have hit hard on Zimbabwe Chemical Refineries (Zimchem), which is struggling to procure critical raw materials to produce solvents and coal tar products.

Government has awarded Econet Media a broadcasting licence allowing the giant telecoms firm to offer web casting, content distribution and video on demand services.