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Parliament to push mostly pro-economy Bills including amendments to the Indigenisation Act

00HARARE President Robert Mugabe has tabled over 20 Bills that should be expedited during the Fourth Session of the 8th Parliament, majority of which are aimed at stimulating the economy and re-aligning with the new Constitution. Officially opening the 4th Session of the 8th Parliament, President Mugabe said while the economy is faced with a…

SecZim issues first ATP licence to the Escrow group

00HARARE Following the gazetting of Securities Alternative Trading Platform rules in August, the Securities and Exchange Commission of Zimbabwe has issued the first licence to a local company. An alternative trading platform is a system that provides or maintains a market place or facilities for bringing together buyers and sellers of securities but does not…

ZB Financial Holdings, IDC removed from US OFAC list

00HARARE The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed ZB Financial Holdings, its subsidiaries, the Industrial Development Corporation along with other individuals and entities from the list of Specially Designated Nationals and Blocked Persons that were designated under the Zimbabwe-related sanctions programme. According to an update from OFAC, ZB…

IPEC wants audit into Fidelity’s Southview project after concerns of weak controls

00HARARE A forensic audit into the affairs of Fidelity Life Assurance has unearthed corporate governance deficiencies some dating as far back as pre-dollarisation and as such the Insurance and Pensions Commission has tagged the managing director Simon Chapereka and financial director German Mushoma as not being fit for office. The commission has also called for…

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