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Chiri a Lone Voice in Campaign Against Rampant Corruption

By Nyasha Chingono The recently released annual public audit report by Auditor-General Mildred Chiri presents President Emmerson Mnangagwa with a perfect opportunity to act decisively on public sector mismanagement and deep-seated corruption, including prosecution of individuals complicit in graft, if he is to be taken seriously and the economy is …

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Govt Eyes New Cheap Funding

By Melody Chikono Ministry of Finance and Economic Development Permanent Secretary (non-accounting) and newly appointed African Development Bank (AFDB) Executive Director, Judith Kateera, says government now prefers concessional funding to commercial loans as it hastens its external debts clearance efforts and developmental agenda. Keteera will commence her duties as executive …

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Foreign Investors Eye Hwange Colliery

By Nkululeko Sibanda International investors have expressed interest in snapping up equity and providing working capital to Hwange Colliery Company Ltd (HCCL), a company official has said. HCCL, according to reconstruction board chairman Bekithemba Moyo, requires about US$50 million to get it out of the current financial position. The money …

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Zim Loses Billions to Illicit Financial Flows

Government should complement monetary policy changes with an anti-corruption strategy to curb illicit financial flows (IFFs) as the country is losing billions annually, businessdigest has learnt. IFFs are seen to spiralling this year owing to current payment modalities for small-scale miners. IFFs are illegal movements of money or capital from …

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Vast Talks Up Zim Investment

By Ishemunyoro Chingwere AIM-Listed mining and resource development concern, Vast Resources, is expecting a turnover of US$53 million per annum in its envisaged diamond mining investment in the country, the firm told an investment conference in London. The British headquartered concern is among global mining players that have responded to …

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Citizens Embrace Currency Reforms

By Africa Moyo Government is happy that citizens have embraced the currency reforms that culminated in the introduction of a local currency, the Zimbabwe dollar, but implored businesspeople to peg their price reasonably. The currency reforms were announced through Statutory Instrument 142 of 2019, known as Reserve Bank of Zimbabwe …

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Rights Commission ‘Understaffed’

The Zimbabwe Human Rights Commission (ZHRC) has said it is seriously understaffed to carry out its constitutional mandate. In an interview, ZHRC acting executive secretary Mr Vengesai Mukutiri said the commission had a staff complement of 55 officers, but needed at least 300. “We are a Public Protector, Ombudsman and …

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Cassava Launches Waste Management Company

By Michael Tome Fintech group, Cassava Smartech Zimbabwe Limited yesterday launched Clean City, an innovative sustainable waste management company in urban areas. Clean City is a digital platform used by private waste collection companies to collect rubbish bins from homes and is an addition to the already existent Vaya services …

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