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POLITICS

Zanu-PF to use voters' roll in dry run

ZANU-PF - which has embarked on a grassroots-based voter mobilisation strategy - is planning to use the provisional voters roll compiled by the Zimbabwe Electoral Commission (ZEC) in its primary polls...

By Staff reporter | Published: 13 April 2018

TELECOMS & TECHNOLOGY

Makamba, Mnangagwa's son-in law bury hatchet

PROMINENT Lawyer Gerald Mlotshwa and businessman James Makamba are said to have resolved their differences over the Empowerment Corporation (EC) 40% shareholding in Telecel Zimbabwe which a cabinet mi...

By Staff reporter | Published: 13 April 2018

POLITICS

How Chihuri seized diamond company

THE Zimbabwe Republic Police (ZRP), with the help of former mines minister Obert Mpofu, muscled their way into the Gye Nyame Resources (Pvt) Ltd diamond project in Marange diamond fields in order to f...

By Staff reporter | Published: 13 April 2018

TRANSPORT & TOURISM

Air Zimbabwe scandal reflects parastatal rot

THE systematic decline and near-collapse of the country's flag carrier Air Zimbabwe (AirZim), attributed to mismanagement and corruption, reflects the general decay of struggling and bankrupt state-ow...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

$15bn missing diamonds revenues, Mugabe clarifies

WHILE parliament is intensely probing the alleged syphoning of US$15 billion in diamond revenues, the person who first spoke about it in public, former president Robert Mugabe, says the figure has no ...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Zim to sell shares in parastatals as part of reforms

Zimbabwe is looking to sell shares in 35 state-owned firms, including telecoms and mining entities in the latest step to revive the economy under new political leadership, Finance Minister Patrick Chi...

By Reuters | Published: 13 April 2018

FINANCIAL SERVICES

StanChart limits Visa Card use

STANDARD Chartered Bank Zimbabwe (StanChart) has introduced annual limits for its Visa Card and prohibited its use in offshore investments, The Financial Gazette reported.StanChart joins other local b...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

POSB expects higher 2018 profit

THE People's Own Savings Bank (POSB) is expecting increased profits in the year to December 31, 2018 on the back of growth in retail and corporate banking as well as mortgages.POSB chairperson, Matild...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Foreign notes, coins in banks decline

THE amount of foreign notes and coins in the commercial banking system slumped to $679,3 million during the year to December 31, 2017, from $1,3 billion at the close of 2016, central bank data has rev...

By Staff reporter | Published: 13 April 2018

TRANSPORT & TOURISM

Vic Falls among world's top 13 holiday destinations

UNITED States-based Business Insider has endorsed the Victoria Falls as the only African place to travel this month.Out of the 13 best travel places in the world for April 2018, Victoria Falls was giv...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Bus assemblers raise red flag against ZUPCO

Vehicle assemblers want State-owned commuter bus company, the Zimbabwe United Passengers Company (ZUPCO), to procure new buses locally.ZUPCO chief executive officer, Clifford Muwoni, said in press rep...

By Staff reporter | Published: 13 April 2018

POLITICS

Khupe ejected from parliament

Parliament yesterday expelled MDC-T vice president Dr Thokozani Khupe after the party wrote to the National Assembly Speaker saying she no longer represented its interests. Announcing the expulsion in...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Don't lend govt, banks warned

Zimbabwean banks need to stop lending to government as their exposure to Treasury Bills (TBs) could work against the sector in the future, a local think tank has warned.In its 2018 Economic Review and...

By Staff reporter | Published: 13 April 2018

TELECOMS & TECHNOLOGY

Telecel board plans recapitalisation

TELECEL Zimbabwe (Telecel) is planning to invest in network expansion as part of strategies to keep ahead of competition in the country's telecommunication industry.This was revealed by the company's ...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Cooking oil producers to cut import bill

Cooking oil producers are looking at reducing their import bill by 30% from the current US$300 million annually through imports substitution, businessdigest has learnt.This comes as the nation is suff...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Dodgy US$1m bank deposit under probe

The Reserve Bank of Zimbabwe (RBZ) has frozen a US$1 million deposit held by a local bank amid suspicions it could be proceeds from an illegal gold deal involving 27 kilogrammes of bullion exported by...

By Staff reporter | Published: 13 April 2018

MINING & RETAIL

ZCDC to invest US$20m in new mining projects

ZIMBABWE Consolidated Diamond Company (ZCDC) will spend over US$20 million this year in exploration to augment its resource base, the businessdigest can reveal.The miner will invest a total US$200 mil...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

'Forex backlog hits US$600m'

The Confederation of Zimbabwe Industries (CZI) says the foreign currency backlog for the industry in the last seven months from September last year to March 2018 is now at US$600 million.The business ...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Dangote eyes Zimbabwe's agric sector

Africa's richest man, Aliko Dangote has renewed his interest in investing in Zimbabwe, but seems to have moved away from his first love - cement - and is now considering investing in the country's agr...

By Staff reporter | Published: 13 April 2018

POLITICS

Cottco under ZACC probe

The Zimbabwe Anti-Corruption Commission has launched an investigation into The Cotton Company of Zimbabwe amid revelations the company could have lost millions of dollars in a botched lint deal involv...

By Staff reporter | Published: 13 April 2018

BUSINESS NEWS

Geiger deal opens can of worms

The cancellation of the Geiger International road dualisation deal has exposed that incompetence and corruption abounded in Government corridors amid revelations that the Austrian company is just a "b...

By Staff reporter | Published: 13 April 2018

POLITICS

MDC-T completes candidates' vetting exercise

THE MDC-T says it has completed its aspiring candidates' vetting process, with the names soon to be presented to the membership for selection during primary elections.Acting party chairperson Morgen K...

By Staff reporter | Published: 13 April 2018

POLITICS

Chamisa denies bussing people to rallies

The Nelson Chamisa-led MDC has dismissed claims that it is bussing people to attend its jam-packed rallies. The State media has claimed several road accidents involving MDC supporters from various par...

By Staff reporter | Published: 13 April 2018

POLITICS

Mnangagwa under pressure over cash crisis

President Emmerson Mnangagwa faced growing pressure yesterday over remarks made by Justice minister Ziyambi Ziyambi in Parliament that government never promised to solve the current cash crisis in 100...

By Staff reporter | Published: 13 April 2018

POLITICS

Mugabe is like the Biblical Moses, says Chiwenga

VICE-PRESIDENT Constantino Chiwenga yesterday poked holes in former President Robert Mugabe's 37-year reign, saying the Zanu-PF leader was like the Biblical Moses, who successfully rescued his kinsmen...

By Staff reporter | Published: 13 April 2018

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