BUSINESS NEWS

Sabonabona residential project under construction

CRAFT Properties, the largest real estate company in Kadoma, says work has commenced in earnest at its agro-residential plots project. The agro-residential plots are situated at Mandalay of Sabonabona...

By Staff reporter | Published: 12 September 2017

BUSINESS NEWS

Fidelity, clients conflict spills to Parliament

A FIERCE clash between Fidelity Life (Fidelity) and hundreds of its customers over contractual differences at the company's South View Park project has escalated to cabinet level amid information a gr...

By Staff reporter | Published: 12 September 2017

BUSINESS NEWS

CIPF to construct shopping mall in Norton

THE Construction Industry Pension Fund has plans to construct a state of the art shopping mall in Harare's western satellite town of Norton. CIPF has already opened the tendering process whose adjudic...

By Staff reporter | Published: 12 September 2017

BUSINESS NEWS

Chinese firm to build NUST hostels

A CHINESE firm has been awarded the tender to construct National University of Science and Technology (NUST) student hostels, the Infrastructural Development Bank of Zimbabwe (IDBZ) has said.In a stat...

By Staff reporter | Published: 12 September 2017

BUSINESS NEWS

Zimbabwe set to end power deficit

Zimbabwe has 16 power projects at various stages of construction with a potential of generating 6 000 megawatts of power when complete which is significant towards ending the power deficit within the ...

By Staff reporter | Published: 11 September 2017

POLITICS

Watchdog zooms in on Zim's missing $15 billion

Zimbabwe's ruling elite has diverted the country's vast diamond riches to help fund repression by dodging sanctions and raising money for security forces, an anti-corruption campaign group alleged Mon...

By Agencies | Published: 11 September 2017

POLITICS

Grace Mugabe attacked with a knife?

First Lady Grace Mugabe has reportedly denied that she assaulted a young South African model Gabriella Engels, 20, after she allegedly found her with one of her two sons Bellarmine Chatunga at a hotel...

By Staff reporter | Published: 11 September 2017

OPINION

Sadc must de-escalate Zim-SA row

The increasingly threatening rhetoric between Zimbabwe and South Africa over the legacy of Nelson Mandela - who guided his country from the shackles of apartheid to multi-racial democracy - risks trig...

By Gift Phiri | Published: 11 September 2017

BUSINESS NEWS

Mugabes' Alpha & Omega brand suffers

First Lady Grace Mugabe has pleaded with her detractors to stop smearing the image of President Robert Mugabe's Alpha Omega Dairy (Pvt) Ltd saying it is negatively affecting business.The business came...

By Staff reporter | Published: 11 September 2017

BUSINESS NEWS

Companies begin to draw down $600m nostro stabilisation facility

COMPANIES will this week start drawing down the $600 million nostro stabilisation facility that the Reserve Bank of Zimbabwe (RBZ) successfully negotiated from the African Export Import Bank.In the 20...

By Staff reporter | Published: 11 September 2017

BUSINESS NEWS

India to invest $4 million in Zimbabwe SMEs

INDIAN companies are set to invest $3,9 million towards supporting Small to Medium Enterprises, as part of efforts to forge co-operation with local businesses and creating avenues to markets for their...

By Staff reporter | Published: 11 September 2017

BUSINESS NEWS

Govt, farmers at loggerheads over rentals

Some beneficiaries of the land programme resettled under models A1 and A2 in Masvingo are set for a collision course with Government, as they have vowed not to pay land rentals pegged by the State cit...

By Staff reporter | Published: 11 September 2017

POLITICS

Angry Grace Mugabe 'buries' Mnangagwa

First lady Grace Mugabe on Saturday yesterday told a bewildered Vice-President Emmerson Mnangagwa that he risked going the same way as his predecessor Joice Mujuru if he did not rein in his supporters...

By Staff reporter | Published: 10 September 2017

POLITICS

Mugabe to name preferred successor?

President Robert Mugabe said on Saturday that he may name a preferred candidate to replace him as a bitter succession battle between his wife and the vice-president grinds on.But the 93-year-old liber...

By AFP | Published: 10 September 2017

BUSINESS NEWS

RBZ releases ANOTHER 300 million bond notes

As Zimbabwe's cash crisis worsens, the central bank will in the next two weeks release 300 million dollars' worth of new bond notes.The authorities are now threatening to arrest business people who ho...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

Forex shortages hard hit pharmaceutical industry

THE pharmaceutical industry is struggling to import critical medication due to the crippling payments gridlock in the financial services sector, a development which is likely to impact negatively to t...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

CSC revival to boost national economy

THE demise of the Cold Storage Company (CSC) had negative ripple effects to the downstream industries culminating in the closure of hundreds of companies, an official has said.Leather Institute of Zim...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

RBZ ducks bond notes mess

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says he has no power to stop the trading of bond notes on the black market.The bond notes have failed to end the cash shortages that are worsening...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

Corporate incest at Cimas

Stakeholders in Cimas Medical Aid Society are questioning the seemingly incestuous relationship between board chair Mr Mordecai Mahlangu and the law firm that has been representing the company, Gill, ...

By Staff reporter | Published: 10 September 2017

POLITICS

'Zim election won't be rigged for Zanu-PF'

The head of Zimbabwe's election body has said she has no intentions to rig polls in favour of President Robert Mugabe, 93, who has ruled the former British colony since independence in 1980.Zimbabwe E...

By Staff reporter | Published: 09 September 2017

POLITICS

Mugabe orders new voter registration in Zim

President Robert Mugabe has ordered new voter registration in all wards across the country starting from September 14 and ending on January 15 next year.According to Statutory Instrument 109 of 2017, ...

By Staff reporter | Published: 09 September 2017

BUSINESS NEWS

RBZ moves to implement collateral registry

The Reserve Bank of Zimbabwe (RBZ) has started the process to establish a collateral registry that enables people to come forward with movable property such as cattle, vehicles and house property as c...

By Staff reporter | Published: 09 September 2017

POLITICS

Zimbabwe Prosecutor-General race gets messy

THE process to select a new Prosecutor-General (PG) has run into controversy amid revelations that the short-listed candidates did not score basic minimum percentages or points required, sparking dism...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Beitbridge-Harare dualisation irregularities unearthed

FRESH questions have emerged over the costing of the US$1 billion Beitbridge-Harare highway project amid concerns of cost inflation as several irregularities surface.Government is expected to roll out...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

'Treasury Bills illegal,' says Biti

THE setting up of the Zimbabwe Asset Management Company (Zamco) to absorb non-performing loans (NPLs) and the issuance of Treasury Bills (TBs) by the Reserve Bank of Zimbabwe (RBZ) without parliamenta...

By Staff reporter | Published: 08 September 2017

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