Business

Ethanol producer, Greenfuel has deployed massive earth-moving machinery that is working round the clock to ensure that the badly damaged Tanganda-Chipinge road becomes trafficable today. In an interview at Rutengeni along the Chipinge-Tanganda road, where he was assessing the extent of damage, Greenfuel owner, Mr Billy Rautenbach said machinery and resources needed to repair the badly damaged roads were readily ...

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Revisiting the ZUPCO urban transportation model

The re-introduction of ZUPCO buses to ply urban routes in the aftermath of January fuel protests was a welcome move for most urban commuters. This is largely because commuter omnibus operators had taken advantage of the fuel price hikes and inflation to charge commuters $5 to $8 for urban trips with distances less than 30km. Government intervened swiftly by hiring ...

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Zanu-PF youths mobilise donations for cyclone victims

The Zanu-PF National Youth League executive has mobilised party members to donate towards assisting victims of Tropical Cyclone Idai in Chimanimani and Chipinge, Manicaland province. Zanu PF Youth League National Secretary for Administration, Tendai Chirau said they are going to mobilise more resources in support of the cyclone victims. “Let us all as youths assist our people in Chimanimani with ...

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Zinara US$71 million worth of fully awarded non-performing contracts exposed

The Zimbabwe National Road Administration (ZINARA) dished out a whopping US$71 million between 2011 and 2016 to 17 private companies that largely failed to deliver, The Herald can  reveal. Further, The Herald also established that some of the contracts which were awarded under the “special projects” arrangement were awarded without going to tender. In clear disregard of good corporate governance, ...

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NSSA forensic audit nails former boss

Former National Social Security Authority (NSSA) chairman Robin Vela has been implicated in irregular housing deals worth hundreds of millions of dollars unearthed by a forensic audit that was instituted to probe various questionable transactions at the state pension fund last year. The audit covers the period when the Ministry of Public Service, Labour and Social Welfare, which NSSA falls ...

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Zesa to extend Hwange life for US$310m

Zesa Holdings is working on upgrading Hwange Power Station to restore the plant’s generation potential to rated capacity of 920 megawatts from current levels of around 700MW, acting group chief executive officer Patrick Chivaura has said. The life extension project for Hwange, to be funded under a US$310 million loan from India, will also improve the safety condition of the ...

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SA to sit in next critical Zimbabwe Treasury meetings

In an unprecedented move, Zimbabwe has agreed to allow SA, to sit in official Ministry of Finance meetings to oversee Harare’s debt clearance strategy tied to the country’s prospects of securing new funding, its reform agenda and economic recovery plan, confidential documents show. President Cyril Ramaphosa of South Africa this week dashed hopes that Pretoria would immediately open its wallet ...

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NRZ set for revivals as Zimbabwe, SA clear hurdles

The National Railways of Zimbabwe (NRZ) has received a boost after both Zimbabwe and South Africa cleared all the hurdles which had delayed the injection of US$400 million into the struggling parastatal. This comes after the Diaspora Infrastructure Development Group (DIDG) won the tender to recapitalise NRZ in 2017, although the deal subsequently faced headwinds due to what is said ...

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Mnangagwa heads to Beitbridge

PRESIDENT Mnangagwa is today expected to commission the multi-million-dollar TelOne fibre optic link in Beitbridge. The link connects Beitbridge with Bulawayo, Harare, Masvingo and the rest of the country. It was constructed by TelOne in partnership with the China Exim Bank as part of the expansion of the national broadband networks and enhancing efficient communication countrywide. The investment would make ...

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Govt to ban use of indigenous trees in tobacco curing

THE Forestry Commission is contemplating a ban on the use of indigenous trees to cure tobacco by 2020 to curb deforestation. Appearing before the Parliamentary Portfolio Committee on Environment and Tourism on the state of the forestry sector in Zimbabwe yesterday, Forestry Commission general manager Abedinigo Marufu said tobacco curing accounts for most of the indigenous tree logging in the ...

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