BUSINESS NEWS

Gumbo appoints CMED board

Transport and Infrastructural Development Minister Jorum Gumbo this week announced a new seven member board for the Central Mechanical and Equipment Department (CMED) in which renowned academic, Profe...

By Staff reporter | Published: 01 March 2018
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BUSINESS NEWS

New CMED board pressed to recover lost $2.7m

The Zimbabwe Government on Tuesday gave the Central Mechanical and Engineering Department (CMED) board 45 days to report on progress made on recovering $2.7 million lost in a botched fuel deal about ...

By Staff reporter | Published: 27 February 2018
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INDUSTRIALS & ENERGY

'CMED fuel scam culprits could scare off investors'

THE continued presence of staff who participated in the botched fuel deal that prejudiced the Central Equipment Mechanical Department (CMED) of $2,7 million could scare off investors willing to partne...

By Staff reporter | Published: 04 December 2017
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POLITICS

CMED has become a liability to Govt, say MPs

THE Central Mechanical and Equipment Department (CMED) has been fingered as one of the parastatals which have become a liability to Government by failing to discharge its mandate.The parastatal, which...

By Staff reporter | Published: 02 December 2017
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BUSINESS NEWS

Investors shun CMED over cash shortages

Foreign payment challenges obtaining in Zimbabwe have affected investment prospects for ailing State owned Central Mechanical Department's fuel business unit, it has emerged. While investors are willi...

By Staff reporter | Published: 19 July 2017
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