Business

Miss Tourism Zimbabwe on fastjet’s new Places Magazine cover

HARARE – fastjet’s reimagined inflight magazine Places this month features Miss Tourism Zimbabwe 2016 Ashley Morgen on the cover. Dressed by celebrated South African designer Khosi Nkosi and photographed by Angie Lazaro on the mighty Zambezi river at Matetsi Private Game Lodge. Following two beta-issues, the August 2017 edition of fastjet’sPlaces Magazine marks the transition from Smart Travel to a ...

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Inyathi hospital hires builders from Harare, ignores jobless locals

There is a potential explosive matter in Bubi district where villagers have complained over the importation of labour into the district while thousands of local youth are unemployed. This was revealed by Mthwakazi Republic party following its visit to the area recently. “There is yet another development in Inyathi in Bubi district that might be a potential explosive following the ...

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Chinamasa in nepotism storm

FINANCE minister Patrick Chinamasa finds himself in a nepotism storm after he was accused of abusing his office to divert reforestation funds from the Forestry Commission to the Tobacco Industry Marketing Board (TIMB), which is chaired by his wife, Monica. Forestry Commission acting general manager, Abednico Marufu made the disclosure when he appeared in Parliament yesterday, where he accused Chinamasa ...

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NRZ has 60 functional locomotives, unpaid salary bill at $90m

  HARARE, July 14 (The Source) – Struggling state-owned National Railways of Zimbabwe (NRZ) only has 60 operational locomotives, some as old as 50 years and owes its workers $90 million in unpaid salaries, according to a Parliamentary Portfolio Committee report. NRZ has a fleet of 166 locomotives. “These average between 33 and 50 years old whereas a locomotive has ...

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Econet embarks on data network upgrade

ECONET Wireless Zimbabwe will upgrade its existing 2G sites countrywide to 3G by the end of the year, as part of a huge data network advancement the company is carrying out. In a statement last week, Econet Wireless Zimbabwe announced a major data network upgrade that will see the mobile network market leader achieve 100% 3G coverage across the country ...

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Obert Mpofu’s Allied Bank feels the heat

Liquidator of the collapsed Allied Bank, Cecil Madondo, who is being sued by one of the creditors seeking to recover money locked in the financial institution, has said the Deposit Protection Corporation (DPC) must provide answers to the bank’s creditors. Zimbabwe Amalgamated Housing Association (Zaha) is seeking to recover nearly $1,5 million locked up in the financial institution. Allied Bank, ...

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NMB Bank helps parents ensure prompt payment of school fees

NMB Bank is now offering school fees loans to working parents, no matter what school their children are attending, enabling them to ensure that school fees are paid in full and on time. The loan is available to both existing and new customers. Once approved, the bank pays the school fees directly to the school. To qualify for a school ...

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Prophet Magaya brings business to a halt

Prophetic Healing and Deliverance Ministries leader Prophet Walter Magaya brought business to a standstill in Harare when he led a clean up campaign in the Central Business District on Saturday. Clad in a white dust coat, Prophet Magaya exchanged his Bible for the broom. Shoppers and vendors scrambled to have a glimpse of the acclaimed prophet. Some roads in the ...

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Nigerian billionaire eyes Zimbabwe

NIGERIAN billionaire, Tony Elumelu has expressed an interest in investing in Zimbabwe if he discovers good opportunities in the country. Elumelu visited Zimbabwe in 2015 and toured the First Family’s Alpha and Omega dairy before meeting captains of industry, raising hopes that the billionaire was keen to set up businesses in the country. “We just came to survey the environment ...

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Zimbabwe Diamond Company sits on 300m tonnes diamond ore

Mines minister Walter Chidakwa told Parliament yesterday that the Zimbabwe Diamond Mining Company (ZCDC) still has 300 million tonnes of diamond ore to mine in Chiadzwa. Chidakwa said new Mines secretary Munesuishe Munodawafa would not interfere with the ZCDC board like what transpired with former secretary Francis Gudyanga. He said ZCDC had to date surpassed the previous year’s diamond production, ...

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