Business

Zim revives fuel pipeline deal with Botswana

ZIMBABWE has revived plans to extend its Feruka fuel pipeline to Francistown in Botswana, businessdigest can reveal. Plans to stretch to Francistown the Feruka fuel pipeline, which links Zimbabwe and Mozambique, were shelved as relations between Harare and Gaborone deteriorated during the twilight years of former President Robert Mugabe’s 37-year rule. Botswana’s President Ian Khama was an outspoken critic of ...

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Knives out for De Beers

Parliament has started gathering substantive evidence to build a case against the world’s leading diamond trading, De Beers Group which collected and exported diamonds when it held only an Exclusive Prospecting Order in the Marange area between 1993 and 1999. Concern was raised in Parliament with legislators agreeing to gather evidence to sue De Beers. The Parliamentary Portfolio Committee on ...

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Restore property rights on agric land

Politicians, during recent upbeat and optimistic presentations, have often repeated the statement that Zimbabwe will never go back on land reform. They appear to be suggesting that whatever arguments might have existed, we should all accept that they have all been settled and there is nothing left to debate. Despite warnings that any attempt to restart debate on the subject ...

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Deven Engineering slapped with $300,000 lawsuit

GWERU City Council is suing Deven Engineering Private Limited for failing to deliver a Nissan UD80 lorry they bought for $300 000, for refuse collection. The company indicated to council recently that it could not deliver the vehicle since it had been phased out. According to minutes of a procurement meeting held on January 12, the local authority has since ...

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Ford executive leaves over inappropriate behaviour

The head of Ford’s US operations is leaving the company immediately following an internal investigation into inappropriate behaviour. The carmaker said its inquiry had concluded that some of Raj Nair’s conduct had been “inconsistent with the company’s code of conduct”. Ford did not specify why the investigation was started nor what it uncovered. Mr Nair said in a statement that ...

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Foreign investors expected for Harare mining indaba

International investors will get a chance to consider the vast investment opportunities in Zimbabwe’s growing mining sector at a mining indaba to be held from 27 to 28 February 2018 at The Meikles Hotel in Harare. The conference is hosted by the London-based MiningReport in conjunction with the Chamber of Mines of Zimbabwe and the Mines and Mining Development Ministry. ...

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Mnangagwa abandons Jonathan Moyo projects

President Emmerson Mnangagwa’s administration is hell-bent on undoing Jonathan Moyo’s legacy, never mind how some of his initiatives were immensely beneficial to not only the ruling Zanu-PF but the generality of Zimbabweans. In his absence, his adversaries are taking revenge on his projects. Under Moyo, the Higher and Tertiary Education was setting up committees to look into the feasibility of ...

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Zimbabwe Tourism Authority conducts room survey

ZIMBABWE Tourism Authority (ZTA) has started updating its data base for accommodation, tourist attractions and activities on offer in the Midlands province. Midlands has had a remarkable expansion in hospitality facilities with demand being driven mainly by the mining and agricultural sectors, which are the backbone of the province’s economy. Speaking during a Hospitality Association of Zimbabwe (HAZ) Midlands Chapter ...

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NRZ set to make $1.1 million monthly

THE National Railways of Zimbabwe (NRZ) is set to improve its monthly revenues by $1.1 million on the back of newly acquired equipment from South Africa under an interim arrangement with the parastatal’s investors, general manager Engineer Lewis Mukwada said. The first batch of the equipment, which comprises 150 wagons, seven locomotives and seven passenger coaches, was officially received by ...

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Dangote returns after Zimbabwe bribery shock

Nigerian billionaire Aliko Dangote’s much-hyped plan to invest $1 billion in Zimbabwe’s cement, coal and power industries in 2015 collapsed after political bigwigs pressured him to ‘grease their palms’. Dangote left after no action was taken by the government on the issue. Investment consultant Josey Mahachi-Agbeniyi said Dangote is considering coming back to Zimbabwe following President Mnangagwa strong stance against ...

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