BUSINESS NEWS

Mangoma nailed over Zesa tender scam

PROCUREMENT and Regulatory Authority of Zimbabwe (Praz) chief executive Nyasha Chizu yesterday said former Energy minister Elton Mangoma violated the Procurement Act by giving a South Korean company a...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

$100m Zesa tender scam raises stink

IRREGULAR tender procedures coupled with a lax accounting system, among other factors, have delayed the completion of the US$100,4 million prepayment and smart metering project the power utility, Zesa...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Harare's $32m tender scam, officials' application dismissed

HIGH Court judge Justice Amie Tsanga, has dismissed an application for discharge by former Harare town clerk, Tendai Mahachi, who is charged alongside other officials on allegations of abuse of office...

By Staff reporter | Published: 09 July 2018

BUSINESS NEWS

Chinese eye $3bn Zimbabwe highway tender

CHINESE firm Anhui Foreign Economic Construction (Group) Co Limited (AFECC) could clinch the $3 billion contract to resurface the long-awaited Beitbridge-Harare-Chirundu Highway, NewsDay reported.Top ...

By Staff reporter | Published: 02 July 2018

BUSINESS NEWS

Gweru faces fire tender shortages

Gweru City Council is operating with three functional fire tenders out of a possible six, a situation that compromises on effective mitigation against loss of human life and property, NewsDay has lear...

By Staff reporter | Published: 18 June 2018

POLITICS

Chamisa chides the other 21 'pretenders to the throne'

Although a staggering 23 candidates have put their names forward in a bid to lead Zimbabwe after the July 30 national elections, opposition leader Nelson Chamisa says in reality his only challenge for...

By Staff reporter | Published: 18 June 2018

POLITICS

'Terminate Chivayo tender'

THE Zimbabwe Power Company must immediately terminate it's contract with Intratrek as one of its directors, Mr Wicknell Chivayo, has a criminal record and does not qualify to be a managing director of...

By Staff reporter | Published: 13 June 2018

BUSINESS NEWS

Govt floats $59m drug tender

Government has floated a drug tender worth $59 million from the Health Levy, amid revelations that the Reserve Bank of Zimbabwe (RBZ) has increased its foreign currency allocation for the procurement ...

By Staff reporter | Published: 13 June 2018

BUSINESS NEWS

Chivayo - Zesa tender begs investigation

The Mines and Parliamentary Committee has recommended that Zesa reclaim its money from businessman, Wicknell Chivayo and that the two parties be investigated for the manner the tender was awarded.The...

By Staff reporter | Published: 04 June 2018

POLITICS

Mutendereki pledges to support Mutsvangwa

Langton Mutendereki who pulled out from Zanu-PF primary elections rerun in Norton to pave way for Special Advisor to the President, Ambassador Christopher Mutsvangwa, in the forthcoming harmonised ele...

By Staff reporter | Published: 29 May 2018

BUSINESS NEWS

Zimbabwe cancels Gieger's highway tender

Government has officially cancelled Geiger International's tender for dualisation of the Chirundu-Harare-Beitbridge Highway after the lapse of a 60-day ultimatum for the company to begin works, and Ca...

By Staff reporter | Published: 28 May 2018

POLITICS

Zanu-PF rejects open tender for ballot paper

President Emmerson Mnangagwa's Zanu-PF has sparked outrage after rejecting opposition demands for an open tender for the procurement of ballot papers to be used in this years' harmonised election.Amid...

By Staff reporter | Published: 11 May 2018

BUSINESS NEWS

Road tender cancellation could cost govt millions

President Emmerson Mnangagwa's administration could be in a spot of bother over cancellation of the tender for $1 billion Beitbridge-Chirundu highway dualisation project, which legal experts indicatin...

By Staff reporter | Published: 26 April 2018

BUSINESS NEWS

New contractor gets Chirundu-BB highway tender

GOVERNMENT has awarded the $2 billion Chirundu-Harare-Beitbridge Highway dualisation project to a new contractor, replacing Austrian contractor Geiger International, which was booted out recently for ...

By Staff reporter | Published: 25 April 2018

BUSINESS NEWS

Chiwenga instigated cancellation of Zim highway tender

President Emmerson Mnangagwa's decision to cancel Geiger International contract to dualise the BeitBrigde-Harare-Chirundu highway was instigated by Vice President Constantino Chiwenga's “serious pro...

By Staff reporter | Published: 12 April 2018

BUSINESS NEWS

Confusion over Zim's $1billion highway tender

Confusion has rocked the long-delayed Harare-Beitbridge-Chirundu highway dualisation project, with Transport and Infrastructure Development minister, Joram Gumbo, insisting government has not cancelle...

By Staff reporter | Published: 07 April 2018

BUSINESS NEWS

Geiger loses $1bn Zimbabwe highway tender

Cabinet has resolved to withdraw the tender awarded to Austrian firm, Geiger International, for the dualisation of the Harare-Beitbridge-Chirundu Highway, President Mnangagwa announced yesterday.Brief...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Vavaki wins $74m tender in Rwanda

Zimbabwean-owned firm, Vavaki Architects has been awarded a tender for a $74 million construction project in Rwanda. The firm, which is based in the United Kingdom, has already worked on several proje...

By Staff reporter | Published: 27 March 2018

BUSINESS NEWS

CZI seeks indigenisation of State tenders

ZIMBABWE's industries have proposed the establishment of measures to shield them from foreign competition in State tenders.A draft local content policy being discussed by Confederation of Zimbabwe Ind...

By Staff reporter | Published: 01 March 2018

BUSINESS NEWS

Jail term for flouting tender process

Accounting officers in Government departments now face jail if they flout laid down procurement procedures while ministers, permanent secretaries and board members who interfere with tender procedures...

By Staff reporter | Published: 30 January 2018

BUSINESS NEWS

RBZ to float tender for collateral registry system

THE Reserve Bank of Zimbabwe (RBZ) will soon go to tender for the provision of a collateral registry system that will allow banks and micro-finance institutions to vet the suitability of movable colla...

By Staff reporter | Published: 16 October 2017

BUSINESS NEWS

Bond notes still legal tender in Zimbabwe, says RBZ

THE Reserve Bank of Zimbabwe (RBZ) has dismissed as a hoax messages circulating on social media calling on Zimbabweans to deposit all bond notes claiming the Central Bank wants to replace them with a ...

By Staff reporter | Published: 28 September 2017

INDUSTRIALS & ENERGY

SPB intervenes in ZPC tender wrangle

THE Zimbabwe Power Company (ZPC) has sought permission from the State Procurement Board to cancel the $113 million contract for re-powering of Munyati Power Station awarded in 2015 to an Indian compan...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Tender for Nicoz House refurbishment

Zimre Property Investment (ZPI) will soon be going to tender for the refurbishment of Nicoz House Bulawayo into a student accommodation facility that will offer 94 beds, managing director Edson Muving...

By Staff reporter | Published: 29 August 2017

TRANSPORT & TOURISM

SA's Transnet wins $400m NRZ tender

GOVERNMENT has awarded the tender for the $400 million recapitalisation of the National Railways of Zimbabwe (NRZ) to South Africa's Transnet, which is partnering a consortium of non-resident Zimbabwe...

By Staff reporter | Published: 10 August 2017
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