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Govt to miss E20 target

MUTARE — Government is likely to miss its E20 mandatory blending target set for next month owing to low production of sugarcane needed to be fed into the Chisumbanje ethanol plant, the Financial...

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Completion of ZANU-PF Convention Centre deferred

GWERU — Hastily built in the run-up to the party’s 14th annual people’s conference in 2012, the ZANU-PF Convention Centre is yet to be completed. The gigantic structure, located 15 kilometres east of...

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Zimbabwe to lead Internet growth

ZIMBABWE could lead growth in internet in Africa, contributing significantly to the country’s economy, an Econet Wireless executive has said. Econet Service CEO Darlington Mandivenga predicts that the...

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European Golf Tour changes welcomed

CHANGES to the European Tour’s Final Series have been welcomed by top players who were forced to miss last season’s finale in Dubai. Qualification for the season-ending DP World Tour Championship was...

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Another ZESA scandal

THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) bungled its tender for prepaid meters, resulting in the ZESA Holdings subsidiary losing millions of dollars in potential revenue...

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Jah Prayzah takes Tsviriyo to SA

Contemporary musician Jah Prayzah (pictured) born Mukudzei Mukombe is elated to be sharing the stage with Chimurenga music icon Thomas Mapfumo next month in South Africa. Speaking to the Financial...

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Anti-Mahachi hunger strike to resume

MUNICIPAL activist, Philosophy Nyapfumbi, who staged a week-long hunger strike against the City of Harare Town Clerk, Tendai Mahachi last month, says he would resume the strike tomorrow if Harare...

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Biti fighting a losing battle

TENDAI Biti, the secretary-general of the Movement for Democratic Change (MDC-T) is straddling a fine line as he pushes for the reversal of the suspension of Elton Mangoma from the party leadership...

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Deadly predator invades Kariba

FISHING tycoons who have exploited kapenta in Lake Kariba for decades are scrambling for alternative sources after a deadly alien predator, crayfish, invaded the world’s second largest man-made lake...

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State CEOs in tax evasion scam

STATE enterprises, parastatals and local authorities were paying out an untaxed total amount of US$85 million since dollarisation to their top executives numbering 181, a move which was largely...

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Of sexual indiscretions, political ambitions

IN the Movement for Democratic Change (MDC-T)’s deputy treasurer general Elton Mangoma’s first damning letter to the party president Morgan Tsvangirai, among other poignant things, he questioned the...

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Interbank support commendable

EDITORIAL Finance Minister Patrick Chinamasa last week unveiled a US$100 million facility to resuscitate the interbank market, which went away with dollarisation of Zimbabwe’s economy in 2009 when the...

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Abortion of the intellect

EDITORIAL HOW did Zimbabwe, once described by former Tanzanian president Julius Nyerere as the ‘jewel of Africa’ become a crisis country? Today, Zimbabwe holds records of crises – leadership crisis,...

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The kapenta crisis

GODFREY Simalabani skippered his rig beyond the 20 kilometre point where he had traditionally anchored to catch kapenta. At his new fishing position at Sibilobilo, west of Bumi Hills, Kariba’s western...

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Odds Staked against Mangudya: Analysts

INDUSTRIALISTS and bankers this week welcomed the appointment of CBZ Holdings chief executive officer, John Mangudya, as the Reserve Bank of Zimbabwe (RBZ) governor although critics said the challenges...

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Govt fails to account for US$140m

AT least US$140 million haemorrhaged out of the ailing Zimbabwean economy unaccounted for from government ministries and departments, highlighting an acute degree of mismanagement of public funds....

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Mudede’s stance on voters’ roll suspicious

REPORTS that the Registrar General (RG)’s Office would not be handing over the current voters’ register to the Zimbabwe Electoral Commission (ZEC), but that the latter would have to come up with its...

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Sex-for-houses scam rocks Harare

A HOUSING scandal in which some ZANU-PF politicians are allegedly evicting residents from council-owned houses and replacing them with new tenants at exorbitant rentals while accepting sexual favours...

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Flurry of retrenchment applications

ZIMBABWE’S unemployment rate is set to worsen this year as over 2000 workers could be laid off by the end of this month. Official data gleaned by the Financial Gazette shows that over 120 firms applied...

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Mpofu’s riches under spotlight

TRANSPORT and Infrastructural Development Minister, Obert Mpofu (pictured), is under renewed pressure to reveal his source of wealth after firebrand ZANU-PF Hurungwe West Member of Parliament, Temba...

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