IMF visit crucial
An International Monetary Fund (IMF) team is expected to visit Zimbabwe this month. This is in line with an approved six-month extension of Zimbabwe’s Staff Monitored Programme (SMP) which had been...
View ArticleZESA in US$6m scandal
AN executive with power utility, ZESA Holdings, is embroiled in a multi-million dollar scandal in which he allegedly authorised a company called Revma to supply a prepaid billing platform and meters...
View ArticleHCCL to increase production
HWANGE Colliery Company Limited (HCCL), the country’s largest coal miner, is to increase output from 150 000 tonnes to more than 450 000 tonnes by end of this month, The Financial Gazette’s Companies...
View ArticleJinan ditches mines
CHIADZWA — Embattled Chinese diamond mining company, Jinan Mining, is said to be contemplating closure of its expensive-to-mine diamondiferous kimberlites, with investigations indicating that the...
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Kariba gets US$230m
The Zambezi River Authority (ZRA) has secured US$230 million for the rehabilitation of Kariba Dam, a development expected to address the dam’s structural and stability problems, the Financial Gazette’s...
View ArticleBusinessman threatens Fingaz scribe
A PROPRIETOR with an indigenous company has threatened the Financial Gazette’s business reporter, Phillimon Mhlanga, over his investigations into a story on alleged corruption over the awarding of a...
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Am here to change voting patterns in Byo – Sandi Moyo
BULAWAYO’S Minister of State for Provincial Affairs, Eunice Nomthandazo Sandi-Moyo (EM) has a daunting task ahead of her as she is working in a province where ZANU-PF did not win a single seat in the...
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IDBZ in US$1.2 million loan scandal
AT a time when the Infrastructure Development Bank of Zimbabwe (IDBZ) has been haggling with non-managerial staff over a housing support facility that started in 2008, the institution has generously...
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Power struggles rock Lowveld cane millers
CHIREDZI –A bitter power struggle is rocking the Zimbabwe Sugar Milling Industry Workers Union (ZISMIWU) after a vote of no confidence was passed on the union’s president. There is an attempt by some...
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Gono begs court to forgive Kereke
IN an unusual twist to the legal battle between Gideon Gono and his former advisor, Munyaradzi Kereke, the ex-Reserve Bank of Zimbabwe (RBZ) governor has sought reprieve for his accuser to argue his...
View ArticleTime for Tsvangirai to go
EDITOR — Honestly, it is time for Morgan Tsvangirai to call it quits. Of course, he cannot be blamed for the MDC-T’s electoral loss but he has certainly failed to conduct himself in an exemplary...
View ArticlePower deal in limbo
CHINA Machinery Engineering Company (CMEC), a contractor who won the bid to undertake expansion work at Hwange Power Station, could have its tender cancelled after it failed to honour its obligations....
View ArticleIt has not been easy, says Mushekwi
ZIMBABWE International Nyasha Mushekwi (NM) last year joined Belgian Jupiler League side KV Oostende on a one-year loan from South Africa’s Mamelodi Sundowns. Paul Nyakazeya (PN) spoke to the striker...
View ArticleLocal govt now a millstone
EDITOR — The Ministry of Local Government has become a liability to the ruling party because of the failure by local authorities to deliver services to people and for it to continue under the same...
View ArticleGirl sues parents for US$650 a week allowance
Some things seem self-evident to me though I am always surprised when Westerners play a superior card with me. It is undisputable that the American way of bringing up children is more than ridiculous,...
View ArticleTsvangirai, Biti’s culpability
THE recent chaos that has rocked the Movement for Democratic Change (MDC-T) leadership makes unfortunate reading of the state, not only of the party, but of opposition politics in Zimbabwe. Many are...
View ArticleTalk of GNU-2 laughable, Cdes
Dear Cabinet andPolitburo members COMRADES, I think it is high time that the party moves on to fill in the position of Vice President which has been vacant since Cde John went for his heavenly reward....
View ArticleChemco shareholders approve delisting from ZSE
CHEMCO Holdings shareholders today approved the delisting of the company from the Zimbabwe Stock Exchange (ZSE). Chemco was suspended from the ZSE in 2012. Shareholders voted for the issuing about...
View ArticleScam fears in community trusts
DISCLOSURES by diamond firms operating in Marange that they were not aware of the existence of the Marange-Zimunya Community Share Ownership Trust point to the possibility of a wider scam on the...
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Zim writer among Caine Prize judges
A Zimbabwean writer and journalist, Percy Zvomuya, is among the judges of this year’s Caine Prize for African Writing, an announcement from the Caine Prize said. The judging panel will be chaired by...
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