Business

Telcos, banks profit from cash shortages

When Kenya initiated the mobile money revolution through M-Pesa a decade ago, few gave it a chance of success. But then it did succeed, and phenomenally so. Spurred on by that success, South Africa’s Vodacom launched its version of M-Pesa in 2010 but it flopped and was scrapped only two years later. Locally, NetOne led the way with its One ...

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‘Investors should not expect much from Mnangagwa’

PRESIDENT Emmerson Mnangagwa’s “dead bureaucracy” could stifle his vision and economic resuscitation programmes, opposition MDC-T national executive member Tapiwa Mashakada has said. Mashakada, in a statement yesterday, said investors should not expect much from Mnangagwa’s “recycled and dead administration”, which could not easily adopt to change. “The President’s Office is full of deadwood. It is full of people who cannot ...

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Chiwenga instigated cancelation of Beitbridge-Harare highway tender

President Emmerson Mnangagwa’s decision to cancel Geiger International contract to dualise the Beitbridge-Harare-Chirundu highway was instigated by Vice President Constantino Chiwenga’s “serious protestations” over delays on the $2 billion project. The development also comes as Transport minister Jorum Gumbo – has come under fire for his shoddy handling of affairs under his portfolio while analysts say the latest events point ...

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Zimbabwe Airways saga deepens

In a dramatic development which further shines the spotlight on Zimbabwe Airways – an opaque new airline which was suspected to have close links with former president Robert Mugabe’s family – the government said yesterday that it owned the controversial airline which has acquired four wide-bodied planes from Malaysia. The surprising claim contradicts Transport minister Joram Gumbo who has consistently ...

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Zimbabwe Airways Jets landing in Zimbabwe tomorrow

Zimbabwe set to take delivery of one of the Zimbabwe Airways #Boeing #B772 tomorrow. President Emmerson Mnangagwa’s spokesperson Mr George Charamba confirmed this development to Larry Kwiriryi in an interview on ZiFM Stereo yesternight. One of them registered as Z-RGM (Zim-Robert Gabriel Mugabe). All regulatory paperwork nearing completion. #AIX2018 See letter below: Advocate T Magwaliba Board Chairman Civil Aviation Authority ...

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Zimbabwe needs answers on China trip expenses

LAST week, pictures of some Cabinet ministers and President Emmerson Mnangagwa and their supposed children in China emerged, raising questions on what their offspring was doing on a government trip. The government is yet to issue any statement about what happened on that trip, but from the look of things, the government officials were accompanied by the children, raising the ...

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Mnangagwa intervenes on ZimAirways scandal

President Emmerson Mnangagwa has ordered Transport minister Jorum Gumbo to bring home Zimbabwe Airways (ZimAirways) planes secretly bought using public funds, while government investigates the dodgy deal that could collapse the debt-ridden flag carrier Air Zimbabwe (AirZim). The dodgy project involving Air Zimbabwe (AirZim) and new airline Zimbabwe Airways is getting murkier, amid allegations that some senior government officials are ...

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Mnangagwa scores big in Beijing

Zimbabwe and China yesterday signed Memoranda of Understanding that will expedite the country’s socio-economic recovery under the new dispensation. The Minister of Finance and Economic Development, Patrick Chinamasa, signed agreements on economic and technical co-operation between the Chinese government and Zimbabwe. China’s Minister of Commerce signed on behalf of his government. The Finance Minister also signed more agreements on food ...

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Gloves off in NSSA crisis

THE gloves are off in the crisis engulfing the National Social Security Authority (NSSA), which culminated in the sacking of board chairman Robin Vela last week. Mr Vela was dismissed by Labour and Social Welfare Minister Petronella Kagonye on March 27 on allegations that he is “not ordinarily resident in Zimbabwe”. The allegations that Mr Vela spends most of his ...

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World’s largest construction company to set up shop in Zimbabwe

The world’s largest infrastructure development company, China Communications Construction Company (CCCC), will soon set up a regional office in Zimbabwe at the invitation of President Emmerson Mnangagwa. Speaking during a tour of the company here this morning, the President said Zimbabwe’s infrastructure was 18 years behind due to Western sanctions, stressing that companies such as CCCC could transform the situation ...

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