Business

RBZ deputy governor faces contempt of Parliament charges

RESERVE Bank of Zimbabwe deputy governor Khuphukile Mlambo and other senior staffers at the central bank face contempt of Parliament charges after they failed to attend a Public Accounts Committee (Pac) meeting where they were supposed to be grilled over money released towards Command Agriculture. Pac, led by Tendai Biti, had invited RBZ governor John Mangudya to appear before it, ...

Read More »

Mnangagwa’s govt re-engages Sakunda

THE government has again roped in controversial oil company, Sakunda Holdings, in the distribution of agricultural inputs to farmers under the Command Agriculture scheme after it poured in $2.8 billion for the programme. The government is expecting to produce an estimated 1,5 million hectares of maize in the 2019/2020 summer agriculture following a disastrous season this year resulting in over ...

Read More »

Mnangagwa boosts NRZ deal

President Emmerson Mnangagwa yesterday said there was no conflict between him and his Transport minister Joel Biggie Matiza on the US$400 million deal to modernise the National Railways of Zimbabwe (NRZ) – adding the Diaspora Infrastructure Development Group (DIDG) investors must be allowed to demonstrate their financial capacity to execute the project. This came after Matiza told the media that ...

Read More »

Medical Marijuana: Taking The Market By Storm

Pot, Weed, Blunt, Joint, MJ, Ganja, Hemp, or only Marijuana. A plant that was proven to inhibit medicinal properties that can cure different illnesses and improve a healthier lifestyle. From Type 1 Diabetes to the uncontrolled episodes of epilepsy, Marijuana, or Medical Marijuana provides relief for patients to overcome seizures and ailments. However, knowing the adverse effect of this miracle drug ...

Read More »

Hwange Power Station increases output after refurbishment

THE Zimbabwe Power Company (ZPC) says Hwange Power Station is now generating an average 500 megawatts per day after the refurbishment of unit 5, easing electricity shortages in the country following months of acute outages. Before the refurbishment, Hwange was generating an average of 300 megawatts as the plant frequently broke down due to old age. Hwange Thermal Power Station ...

Read More »

Our top tips for buying a car

Buying a car isn’t easy. It’s a big investment for most people, and if this is your first car, you might be feeling overwhelmed with all the information. There is a lot of paperwork involved and additional fees which might leave you confused. This post is going to cover our top tips for buying a car. Our Top Tips for ...

Read More »

Dandemutande CEO declared Chartered Secretary of the Year

Dandemutande chief executive Never Ncube was declared Chartered Secretary of the Year at the Institute of Chartered Secretaries annual conference dinner in Victoria Falls last week. Agribank company secretary Lovemore Rwazemba was the runner-up. Reading the citation before presenting him with the Chartered Secretary of the Year trophy, ICSAZ chief executive and secretary Dr Lovemore Gomera said Mr Ncube, who ...

Read More »

EcoCash threatens complete shutdown

ZIMBABWE Stock Exchange (ZSE)-listed Cassava Smartech Zimbabwe Limited, a subsidiary of Strive Masiyiwa’s Econet Wireless, has threatened a complete shutdown of its EcoCash platform if the Reserve Bank of Zimbabwe (RBZ) insists on its ban on cash-in, cash-out transactions effected on Monday. The RBZ on Monday effectively put 50 000 EcoCash agents out of work after banning cash-in and cash-out ...

Read More »

Salary hike for mayors Stands, free graves for councillors

THE Government has approved a 50 percent allowances increase for councillors and mayors in the country and further awarded each councillor a privilege of a residential and industrial stand during their tenure in office. The new cocktail of allowances and perks were announced by Acting Local Government, Public Works and National Housing Permanent Secretary Colonel (Rtd) Joseph Mhakayakora in a ...

Read More »

UN envoy: Zimbabwe’s economic, political situation deteriorating

Zimbabwe’s political and economic environment is deteriorating, causing anxiety as hopes fade for a long-awaited improvement in living conditions, a United Nations human rights envoy said on Friday. Many Zimbabweans are frustrated that the November 2017 departure of longtime President Robert Mugabe, who died September 6 of this year in Singapore, did not lead to a quick economic recovery or ...

Read More »