BUSINESS NEWS

Mnangagwa to recover looted Zinara funds

Government will recover all the money looted from the Zimbabwe National Road Administration (Zinara), President Emmerson Mnangagwa has said. An audit report by Grant Thornton unearthed massive looting...

By Staff reporter | Published: 05 December 2018

BUSINESS NEWS

Zinara committee audit report questioned

The credibility of a report compiled by a committee appointed by former Transport and Infrastructural Development Minister Dr Joram Gumbo to study the findings of an audit by Grant Thornton on the ope...

By Staff reporter | Published: 26 November 2018

BUSINESS NEWS

150 000 cars face de-registration

More than 150 000 vehicles whose owners failed to renew their licences for two years as of July 31 this year face de-registration once the notice has been published in the Government Gazette, Transpor...

By Staff reporter | Published: 26 November 2018

BUSINESS NEWS

Inept bosses cost Zinara US$200m

The Zimbabwe National Road Administration (Zinara) has suffered a financial loss in excess of US$200 million due to incompetence and lack of expertise by its senior managers to negotiate contracts ben...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

Bulawayo gets paltry $1m from Zinara

THE Zimbabwe National Road Administration (Zinara) last month disbursed slightly over $1 million for the rehabilitation of Bulawayo's roads, but city authorities said the money was not enough to finan...

By Staff reporter | Published: 16 November 2018

BUSINESS NEWS

New transport management system to improve efficiency

Zimbabwe has signed an integrated transport management system, which seeks to bring together five key elements of road policing, efficient use of national infrastructure and coordination of informatio...

By Staff reporter | Published: 11 September 2018

BUSINESS NEWS

Zinara seeks $30m to buy new equipment

Zinara is seeking close to $30 million to purchase road construction equipment. Transport minister Joram Gumbo said government will contribute $20 million while the roads administrator will chip in wi...

By Staff reporter | Published: 25 July 2018

POLITICS

State challenges Zinara bosses' acquittal

PROSECUTOR-GENERAL, advocate Ray Goba has petitioned the Supreme Court challenging the recent acquittal of five Zimbabwe National Roads Administration (Zinara) executives, who were facing criminal abu...

By Staff reporter | Published: 09 July 2018

BUSINESS NEWS

Zinara makes bizarre appointment

THE Zimbabwe National Roads Administration (Zinara) has bizarrely appointed its company secretary Mathlene Mujokoro as acting chief executive officer following the suspension of Nancy Masiyiwa.Masiyiw...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Zinara bows to pressure

The Zimbabwe National Roads Administration (Zinara) has bowed to pressure from Dema residents to relocate the tollgate in their area, with the parastatal saying it has since started the relocation pro...

By Staff reporter | Published: 04 July 2018

BUSINESS NEWS

Zinara urged to improve disbursements

Local authorities have appealed to the parliamentary portfolio committee to coerce the Zimbabwe National Roads Administration (Zinara) to disburse the full amount for road repairs and maintenance.In a...

By Staff reporter | Published: 03 July 2018

BUSINESS NEWS

Zinara fires CEO

ROAD administrator, Zimbabwe National Roads Administration (Zinara) wielded the axe on chief executive officer Nancy Masiyiwa-Chamisa on Thursday as the corruption scandal rocking the parastatal reach...

By Staff reporter | Published: 23 June 2018

BUSINESS NEWS

Zinara in bid to conceal graft

THE Zimbabwe National Roads Administration (Zinara) board has lifted the suspension order imposed on four senior managers who were sent home last year on alleged misconduct charges, arguing "the cases...

By Staff reporter | Published: 18 June 2018

BUSINESS NEWS

'Zinara collections not enough'

The cash-strapped government has said money collected by the Zimbabwe National Roads Administration (Zinara) was not enough to rehabilitate the bad road network across the country.This also comes afte...

By Staff reporter | Published: 23 May 2018

BUSINESS NEWS

Zinara boss a liar, says court

THE High Court has described Zimbabwe National Roads Administration (Zinara) chief executive Nancy Masiyiwa-Chamisa as "a liar", in a recent judgment with far-reaching consequences on Zimbabwean indus...

By Staff reporter | Published: 10 May 2018

BUSINESS NEWS

Zinara sued for over $175 000

AN architectural firm, Gloar Design Team, has taken the Zimbabwe National Roads Administration (Zinara) to court after the parastatal failed to settle a $175 077 debt for services rendered in 2010.Glo...

By Staff reporter | Published: 27 April 2018

BUSINESS NEWS

Zinara bosses acquitted

The High Court has acquitted five Zimbabwe National Road Administration (Zinara) executives who had been accused of fraudulently transferring more than $2 million into bogus companies' accounts in a s...

By Staff reporter | Published: 25 April 2018

BUSINESS NEWS

Govt restructures Zinara

President Emmerson Mnangagwa's administration has put plans in motion to restructure the Zimbabwe National Road Administration (Zinara) as a way of making the parastatal more effective and reduce corr...

By Staff reporter | Published: 16 April 2018

BUSINESS NEWS

Former Zinara bosses further remanded

THE State yesterday further remanded former Zimbabwe National Road Administration (Zinara) bosses Moses Juma and Davison Norupiri who are being charged with criminal abuse of office to April 27 pendin...

By Staff reporter | Published: 06 April 2018

BUSINESS NEWS

Zinara to float diaspora bond

The Zimbabwe National Road Administration Authority will be floating a diaspora infrastructure bond after successfully raising $105 million from the previous infrastructure bond floated last year.Zina...

By Staff reporter | Published: 09 March 2018

BUSINESS NEWS

ZINARA bond oversubscribed

THE Zimbabwe National Roads Administration (ZINARA) this week announced that its $100 million infrastructure bond had been oversubscribed by $5 million.ZINARA chief executive officer, Nancy Masiyiwa-C...

By Staff reporter | Published: 08 March 2018

BUSINESS NEWS

Zinara chef admits abusing funds

Zimbabwe National Roads Administration (Zinara) executives yesterday admitted to receiving several allowances without paying tax, including others that were above authorised levels.The executives that...

By Staff reporter | Published: 28 February 2018

BUSINESS NEWS

Zinara's $8m graders attract Parly scorn

The suitability and technical specifications of the six-year-old 80 motorised graders supplied to rural local authorities by the Zimbabwe National Roads Administration (Zinara) for the upgrading of ro...

By Staff reporter | Published: 14 February 2018

BUSINESS NEWS

Zinara bosses 'sourced' $2.9m from black market

Five Zimbabwe National Road Administration (Zinara) executives, charged for fraudulently transferring more than $2 million into bogus companies' accounts in a shady loan repayment deal, have been accu...

By Staff reporter | Published: 31 January 2018

BUSINESS NEWS

Zinara exonerates execs in fraud case

The case of five Zimbabwe National Road Administration (Zinara) executives accused of allegedly fraudulently transferring more than $2 million into bogus companies' accounts in a shady loan repayment ...

By Staff reporter | Published: 31 January 2018
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