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BUSINESS NEWS

Zim fails to shine in Madrid

Zimbabwe's exhibition stand ranked lowly compared to African and global counterparts at the just-ended 2018 International Tourism Fair (Fitur), with the Zimbabwe Tourism Authority (ZTA) citing poor fu...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

Zesa drowns in $400m loss

National power utility, Zesa Holdings, says its losses widened to $393 million last year from a loss of $217 million in 2016.This was after the parastatal came under fire from its employees for failin...

By Staff reporter | Published: 23 January 2018

POLITICS

Gappah engaged to help Mnangagwa

Petina Gappah, the Zimbabwean international law expert who has courted controversy after being hired to organise President Emmerson Mnangagwa's participation at the on-going World Economic Forum (WEF)...

By Staff reporter | Published: 23 January 2018

FINANCIAL SERVICES

StanChart invests $7.1m in branch modernisation

Standard Chartered Bank (StanChart) says the opening of its relocated Avondale branch underscores the financial institution's commitment to provide an ambient and convenient banking environment for it...

By Staff reporter | Published: 23 January 2018

MINING & RETAIL

Govt rubbishes $15bn diamond theft reports

Claims by former president Robert Mugabe that the country lost $15 billion worth of diamond revenue were divorced from the actual facts on the ground, Finance minister Patrick Chinamasa told the Natio...

By Staff reporter | Published: 23 January 2018

TELECOMS & TECHNOLOGY

Mlotshwa takes over Dr Dish

KTULU Nominees, representing private family interests of prominent lawyer, Gerald Mlotshwa, has emerged as the single largest shareholder in Dr Dish following a deal signed over the weekend.The transa...

By Staff reporter | Published: 23 January 2018

ZIMBABWE

Chengetedzai handles $2bn on ZSE

CHENGETEDZAI Securities Depository (CSD) has processed in excess of 35 000 Zimbabwe Stock Exchange (ZSE) trades valued at US$2,1 billion since going live with 22 000 accounts having been opened as at ...

By Staff reporter | Published: 23 January 2018

TELECOMS & TECHNOLOGY

Kwese TV taken to court

DR Dish Private (Ltd) says it is pursuing various options after Econet Media-owned Kwese TV severed ties with the company, while assuring its subscribers that they will not be left stranded.This comes...

By Staff reporter | Published: 23 January 2018

POLITICS

State House director fired

PRESIDENT Emmerson Mnangagwa has fired principal director of State residences, Innocent Dzapasi Tizora, amid reports that more heads will roll within his office as the purge of former President Robert...

By Staff reporter | Published: 23 January 2018

LIFESTYLE

Hugh Masekela dies

South African music legend Hugh Masekela has died, The SABC, EWN and ENCA has reported.According the South Africa’s ENCA news channel, Masekela, who was fighting prostate cancer and disclosed his ai...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

Pizza Hut to open first outlet in Zimbabwe

AMERICAN restaurant chain and international franchise, Pizza Hut is set to open its first outlet in Zimbabwe early next month.The move is likely to increase competition in the country's fast food reta...

By Staff reporter | Published: 23 January 2018

POLITICS

Mnangagwa to hold mass mobilisation rallies

Zanu-PF under former President Robert Mugabe was going to lose the forthcoming harmonised elections, a senior party official has said.Addressing a Midlands province inter-district meeting at the Zanu-...

By Staff reporter | Published: 23 January 2018

TELECOMS & TECHNOLOGY

Reprieve for Zimbabwe telecom operators

Postal and telecommunication operators can now pay their licence fees in instalments after struggling to make once-off payments due to the harsh economic environment, the Postal and Telecommunications...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

52% of Diasporans send remittances

MORE than half of emigrants sent remittances to their families in Zimbabwe, a new survey by the Zimbabwe National Statistics Agency (Zimstat) has shown.According to its Inter-Censal Demographic Survey...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

Zim open for business, says Mnangagwa

President Emmerson Mnangagwa yesterday pleaded for patience, saying his government would publish to the nation its achievements after its first 100 days in office.Officiating at a summit organised by ...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

ZSE listed firms to engage Mnangagwa

An association of Zimbabwe Stock Exchange (ZSE) listed firms are seeking a meeting with President Emmerson Mnangagwa to discuss constraints faced by the sector, where a number of players are failing t...

By Staff reporter | Published: 23 January 2018

POLITICS

Chihuri fingered in fake spot fine books scam

WOES continue to mount on retired Police Commissioner-General, Augustine Chihuri, who now faces a possible criminal case of abuse of office and corruption.Former police officer Tafadzwa Gambiza, fired...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

Wicknell woes mount

ENERGY minister Simon Khaya Moyo yesterday told Parliament that more heads were set to roll at Zimbabwe Power Company (ZPC) over the $7 million Gwanda solar project which was awarded to businessman Wi...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

Minister sues Hwange Colliery

THE Minister of Higher and Tertiary Education, Science and Technology Development Professor Amon Murwira has dragged Hwange Colliery Company Limited (HCCL) to court for failing to remit more than $157...

By Staff reporter | Published: 23 January 2018

CONSTRUCTION & PROPERTY

Zimre secures approval to list on BSE

ZIMRE Holdings has secured regulatory approvals to consolidate its regional reinsurance assets into an entity that will list on the Botswana Stock Exchange (BSE).The regional operations include the wh...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

Heads to roll at Zesa

The Zimbabwe Power Company (ZPC) was prejudiced of more than $7 million and not the $5 million initially reported through suspected irregular payments to businessman Mr Wicknell Chivayo, legislators h...

By Staff reporter | Published: 23 January 2018

INDUSTRIALS & ENERGY

'Zisco debt must be audited'

Government should conduct an audit to ascertain how the $380 million Zimbabwe Iron and Steel Company debt was accrued, lobby group The Zimbabwe Coalition on Debt and Development (ZIMCODD) has said.Fin...

By Staff reporter | Published: 23 January 2018

INDUSTRIALS & ENERGY

Merlin readies to resume production

TEXTILE manufacturing concern, Merlin has stockpiled 25 tonnes of yarn at its factory in Bulawayo as it prepares to resume production next month.The company suspended production long back and has been...

By Staff reporter | Published: 23 January 2018

POLITICS

Mzembi, Undenge back in court

Former Cabinet ministers Samuel Undenge and Walter Mzembi were yesterday back in court for their routine remand. The duo are facing charges of criminal abuse of office during their stint in Government...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

Zesa insolvent, expects increased loss

State power utility, Zesa Holdings says it is technically insolvent and could have run up accumulated losses of nearly $500 million by December 2017. Zesa has been making huge losses since 2012 and ha...

By Staff reporter | Published: 23 January 2018

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