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12 IPPs now operational

Engineer Gloria Magombo Business Reporter TWELVE independent power producers, out of a total of 30 IPPs licensed by the Zimbabwe Energy Regulatory Authority are now operational, but the regulator says it will not hesitate to revoke the licences where lack of progress is noted. ZERA chief executive Gloria Magombo told …

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Zim has every reason to smile this year

Conrad Mwanawashe Business Reporter Since independence, Zimbabwe has gone through several economic cycles some punctuated by droughts, investment challenges and isolation from international capital but the nation has every reason to smile this year. The crop on farms across the country that has been boosted by the rains that have fallen …

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Commonwealth University honours Kaseke

Mr Karigoka Kaseke Isdore Guvamombe Tourism Matrix The Commonwealth University in collaboration with London Graduate School has conferred combative Zimbabwe Tourism Authority chief executive Mr Karigoka Kaseke with an Honorary Doctorate in Public Administration. Loathe or like him, Dr Kaseke, has a combative leadership style, or should we call it Command …

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Hwange seeks funding for working capital

Hwange colliery Business Reporter COAL miner Hwange Colliery Company Ltd is pinning hopes of accessing working capital on the outcome of the creditors’ management plan meeting to be held at the end of this month. The meeting, to be held on April 26 will determine the company’s ability to raise …

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‘Zimasco ceded exhausted chrome claims’

Minister Jason Machaya Lovemore Zigara, Midlands Correspondent THE Government says it will return exhausted and inaccessible chrome claims which were surrendered to it by ferrochrome producer, Zimbabwe Mining and Smelting Company (Zimasco). Midlands Minister of State for Provincial Affairs, Jason Machaya, said 80 percent of chrome claims ceded to Government …

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Delta squeezed: Soft drink imports see group revenue drop

Business Editor A COMBINATION of soft drink imports, cash shortages and inaccessibility of markets  due to heavy rains frustrated Delta Corporation’s operations resulting in reduced revenue in the last quarter and full year to March this year. In a trading update for the period ended March 31, 2017 issued yesterday, …

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Govt avails funds for Sanganai/Hlanganani Expo

Business Reporter THE Government has provided enough funding to kick-start preparations for the 2017 Sanganai/Hlanganani World Travel and Tourism Expo to be held in Bulawayo at the end of September, an official has said. The Zimbabwe Tourism Authority (ZTA) had hinted on the cancellation of the event this year due …

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Continuous studying for better results

Mastering how to study effectively for your examinations and tests is the key to being successful in your final examinations. Effective preparation starts in the classroom, with the student being alert and aware of key words and being able to take down the notes given by the teacher. Note taking …

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Command mining scheme preps start

Vice President Emmerson Mnangagwa Business Reporter PLAYERS in the mining sector have started mobilising their members in preparation for the rollout of a “Command Mining” scheme as part of measures to ramp up mineral production in the country. The proposed model draws inspiration from the successful Command Agriculture scheme being …

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Zimra boss Pasi’s fate expected soon

SUSPENDED Zimbabwe Revenue Authority (Zimra) commissioner-general Gershem Pasi is expected to know his fate on several allegations, including corporate governance malpractices, massive corruption, fraud and tax evasion that allegedly prejudiced the revenue collector more than US$20 million soon, businessdigest has learnt. By Taurai Mangudhla The goings-on were unearthed in a …

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