Business

Harare City Council Losing Millions As Former Workers Remain Signatories of Its 62 Bank Accounts

The Harare City Council is losing millions of dollars monthly through corrupt former and suspended officials who remain signatories of the municipality’s 62 operational bank accounts. It has also emerged that some of the former workers were dismissed for corruption. Recent minutes of the Harare City Council’s Audit Committee show …

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Govt to Bail Out SMEs

Informal traders and small to medium enterprises affected by the lockdown and needing help should approach the relevant ministries instead of hurling insults at the Government on social media, Women Affairs, Community and Small and Medium Enterprises Development Minister Sithembiso Nyoni has said . She said the Government was still …

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‘RBZ Doesn’t Buy Forex From Streets’

The Reserve Bank of Zimbabwe (RBZ) is offering a monetary reward, in line with its whistle blowing policy, to anyone who helps identify people claiming to be buying foreign currency on its behalf on the parallel market. This was said by RBZ Governor Dr John Mangudya in a statement yesterday, …

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Stanbic in Countrywide Distribution of U.S.$200 000 Hospital Equipment

Stanbic Bank has kick-started its distribution of US$200 000 worth of equipment to health institutions across the country for use by frontline workers in the fight against the menacing Covid-19. The Standard Bank Group subsidiary pledged to purchase equipment to help fight Covid-19 in April and has now taken delivery …

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COVID-19 Drags Down Cassava Volumes

By Tawanda Musarurwa, Diversified digital services group, Cassava Smartech, saw its volumes during the lockdown period decline by 40 percent. The coronavirus (Covid-19) pandemic, has disrupted businesses and economies across the globe, as governments moved to impose lockdowns to try and curb its spread. Zimbabwe is currently under indefinite Level …

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Retired and Suspended Officials Still Signatories On City Bank Accounts

DOCUMENT The Harare City Council is failing to remove former Council employees and suspended officials from being signatories of the City’s accounts. Harare has 62 operational active bank accounts excluding 47 merchant accounts for clinics. “Suspended and retired employees were still appearing on some of the bank accounts as authorised …

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Zimbabwe Licences First Upmarket Adult Sex Toy Shop

By Robert Tapfumaneyi The government has licensed Zimbabwe’s first premier sex toy store operating in Harare. In a statement Monday, company marketing manager Fadzai Jones, said, Intimate Store believes that Zimbabwe is ready to “take this leap of faith and this is an opportunity to explore a new level of …

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Middle Sabi Ramps Up Wheat Production

By Rumbidzayi Zinyuke Senior Reporter The Middle Sabi area of Manicaland Province is fighting to reclaim its place as one of the biggest wheat producers, with over 1 200 hectares put under the cereal this year. Manicaland Province has put on 7 000ha under winter wheat this year, up from …

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Millers Want Maize Allocations Increased

By Bulawayo Bureau Small — scale millers have appealed to Government to increase maize allocations and release outstanding payments to ensure consumers have adequate supplies of roller meal. Small to Medium Millers Association of Zimbabwe (SMMAZ) chairperson, Mr Davies Muhambi, said the suspension of maize subsidy allocations was negatively impacting …

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Govt Miner’s Workers See Red, COVID-19 Safety Rules Shoved Through Window

By Mbekezeli Ncube Zimbabwe Consolidated Diamonds Company (ZCDC) employees have been plunged into poverty after the government-owned firm has gone for months with paying their wages. ZCDC is based in Mutare where the company is conducting mining operations in diamond rich Chiadzwa area. Workers who spoke to NewZimbabwe.com on condition …

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