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Extortionate Pricing Storm Rocks Council

By Paidamoyo Chipunza Founder and executive chairman of Econet Group Mr Strive Masiyiwa has taken a swipe at some suppliers of hygiene products like gloves for taking advantage of the cholera outbreak to inflate prices. In a tweet yesterday, Mr Masiyiwa said following a public announcement by his company that …

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Government Officials Fingered in Chrome Mining Scandal

Newly appointed Midlands provincial affairs minister Senator Larry Mavima has revealed that senior government officials are involved in chrome mining activities that have caused serious environmental damage in Zvishavane. Goovernment recently suspended mining along the Zvishavane-Shurugwi highway as the activities were now threatening the road infrastructure. Speaking after touring the …

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President to Deliver SONA, Set Agenda

By Farirai Machivenyika President Mnangagwa is today expected to deliver his first State of the National Address (SONA) and officially open the first session of the Ninth Parliament during which he will set the legislative agenda. The President will this morning address a joint sitting of the National Assembly and …

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Work On New Parly to Start Soon

By Nyemudzai Kakore Construction of the new Parliament Building in Mt Hampden is expected to commence soon after China identified a contractor, Speaker of the National Assembly Advocate Jacob Mudenda has said. Adv Mudenda said construction would be completed between 18 and 24 months. Addressing the media after a courtesy …

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Econet celebrates 20 years of ZSE listing

Business Reporter Econet Wireless Zimbabwe yesterday reached a major milestone after completing 20 years since its shares were listed and first publicly traded on the Zimbabwe Stock Exchange (ZSE); a month after Zimbabwe’s biggest mobile network also became the largest company on the local bourse by market capitalisation. The company …

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Zimra Ordered to Refund Zimplats $9,5m

By Daniel Nemukuyu Zimbabwe Revenue Authority (ZIMRA) has been caught on the wrong side of the law in collecting revenue and the High Court has ordered it to pay back $9,5 million it unlawfully garnished from a local mining giant. The taxman, in violation of the law, imposed fines to …

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Mini hydro scheme for Odzani

Kudakwahse Mhundwa Property Reporter The Infrastructure Development Bank of Zimbabwe (IBDZ) says it is ready to conduct a detailed feasibility study on the Manicaland Odzani-Mini Hydroelectric power project, which is expected to be a contributor to the national grid. The project which is located in Mutasa district near the Odzani …

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Four power producers approach Zera for licences

Michael Tome Property Reporter Four Independent Power Producers (IPP) have approached the Zimbabwe Energy Regulatory Authority seeking independent licenses to venture into electricity generation. The energy regulatory authority revealed this in notices published in the media this week. If implemented, Zimbabwe’s power deficit gap could be slashed significantly. Zimbabwe currently …

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Month-on-month inflation slows

Zimbabwe’s annual inflation rate rose 0,54 percent to 4,83 percent in the month of August, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. This was a marginal upturn from the July 2018 figure of 4,29 percent. Month-on-month inflation also decreased by 0,59 percentage points to 0,39 percent in …

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Greenzone spreads to Chinhoyi

Michael Tome Integrated Financial services group, Old Mutual Zimbabwe, yesterday opened its eighth Greenzone and refurbished its CABS Branch in Chinhoyi. Greenzone is an arrangement where clients can access Old Mutual’s main financial and banking services under one roof. Speaking at the official opening of the Chinhoyi Greenzone yesterday, Old …

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