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Claims Zim Lost $15 Billion Were Made As A Cover Up Says Defence Secretary

Speaking before the Parliamentary Portfolio Committee on Mines and Energy which is investigating allegations by former President Robert Mugabe that Zimbabwe could have lost $15 billion in...

Thu Apr 19 2018 Author: Tayana 1 Comment

Business

Gumiguru’s 40 Emerging Leaders Under 30 Years

GUMIGURU 40 UNDER 30 CLASS OF 2017 “Young people are not leaders of tomorrow they are the leaders of today. In fact young people have always...

Thu Apr 19 2018 Author: Maveriq 0 Comments

Business

Mnangagwa Should Be In Business Than In Government: Kaseke

Speaking at a press briefing on the report of the recent China trip by the President and other captains of industry, Zimbabwe Tourism Authority (ZTA) Chief Executive, Karikoga...

Wed Apr 18 2018 Author: Tayana 0 Comments

Business

Bread Prices Go Up Again, This Time All Three Major Bakeries

The price of bread has gone up by 11 percent from $0.90 (90 cents) to $1.00. Unlike the last time when only Bakers Inn increased the price...

Tue Apr 17 2018 Author: Maveriq 0 Comments

Business

Joram Gumbo Justifies Why Zimbabwe Airways Uses His Daughter’s House As Offices

Speaking during an interview on ZiFM Stereo with Larry Kwirirayi on Monday evening Transport and Infrastructure Development Minister Joram Gumbo justified why Zimbabwe Airways set up offices at his...

Mon Apr 16 2018 Author: Tayana 4 Comments

Business

We Want The Whole World To Invest In Zimbabwe, Not Just China: Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said that Zimbabwe is looking at the whole global economy, particularly Western countries to Invest in Zimbabwe. Mangudya...

Mon Apr 16 2018 Author: Maveriq 0 Comments

Business

Econet Wireless Granted 25-Year Licence To Construct, Operate Own Power Plant

The government through the Zimbabwe Energy Regulatory Authority (ZERA) has granted mobile network operator Econet Wireless a licence to construct its own solar power plant, after Econet applied...

Mon Apr 16 2018 Author: Maveriq 2 Comments

Business

Pictures: Company Registration Documents For Zimbabwe Airways Planes Bought By Govt

Last week Wednesday, the first Zimbabwe Airways Boeing B777, with the registration number Z-RGM, arrived in the country from Malaysia. However, the true ownership of Zimbabwe Airways...

Mon Apr 16 2018 Author: Maveriq 0 Comments

Business

Govt Asks NSSA To Donate $66 000 For Event, Includes $7 000 Performance Fee For Jah Prayzah

The Ministry of Labour and Social Welfare has asked the National Social Security Authority (NSSA) to donate $66 000 in order to host the National Commemorations of...

Sun Apr 15 2018 Author: Maveriq 0 Comments

Business

Chicken Prices To Continue Going Down – Poultry Producers

The Zimbabwe Poultry Farmers’ Association has said that prices of chicken are expected to continue going down due to increased production and falling prices of stock feed....

Sun Apr 15 2018 Author: Maveriq 1 Comment

Business

ED’s Directive Disregarded, Austrian Firm Vows To Continue Working On Dualisation Project

President Emmerson Mnangagwa’s directive to cancel the dualisation tender for the Beitbridge-Harare-Chirundu highway seems to have been ignored. Austrian firm Geiger International which had been awarded the...

Sun Apr 15 2018 Author: Maveriq 1 Comment

Business

Pictures: Sale And Purchase Agreement For Zimbabwe Airways Planes Bought By Govt

The first Zimbabwe Airways Boeing B777, with the registration number Z-RGM arrived in the country on Wednesday. The plane is one of four planes which were purchased...

Sat Apr 14 2018 Author: Tayana 0 Comments

Business

Mnangagwa Govt Blames Biti For Cash Shortages, Says He Left Only $217

Responding to questions about the worsening cash shortages in the Senate on Thursday, deputy Finance minister Terrence Mukupe said they inherited a bankrupt ministry. He said Tendai Biti...

Sat Apr 14 2018 Author: Tayana 0 Comments

Business

Govt To Reform Parastatals, State Enterprises: Full Statement From Finance Minister

1. Government has been consistent in emphasizing the critical contribution expected from the State Enterprises and Parastatal (SEP) sector towards the revival of Zimbabwe’s economic fortunes...

Fri Apr 13 2018 Author: Maveriq 0 Comments

Business

“Zim Dollar Will Return Before Mnangagwa Finishes His First 5 Year Term”: Deputy Finance Minister

Addressing a public lecture organised by the Zimbabwe Congress of Students Union at Chinhoyi University of Technology during the weekend, Finance and Economic Development Deputy Minister Terrence Mukupe...

Thu Apr 12 2018 Author: Tayana 0 Comments

Business

Full Text: Government Statement On Acquisition Of Aircraft For Zimbabwe Airways

JOINT PRESS STATEMENT ON THE ACQUISITION OF AIRCRAFTS 1. In October 2016, Al Zimbabwe approached the State Procurement Board (SPB) to seek authority for the purchase of...

Wed Apr 11 2018 Author: Maveriq 3 Comments

Business

Zim Airways Plane Arrives, Chinamasa Says It Does Not Belong To Former First Family

The first Zimbabwe Airways Boeing B777, with the registration number Z-RGM arrived in the country on Wednesday. The plane is one of four planes which were purchased...

Wed Apr 11 2018 Author: Maveriq 10 Comments

Business

High Court Grants $1.6 Million Garnishee Order Against Home Affairs Ministry

In a landmark ruling, the High Court has granted a garnishee order or $1.6 Million against the Ministry of Home Affairs. The High Court instructed the finance...

Tue Apr 10 2018 Author: Onesimo 0 Comments

Business

Zim Airways Jet Landing Tomorrow In Zimbabwe

One of the jets belonging to Zimbabwe Airways and purchased with taxpayer funds from the Reserve Bank of Zimbabwe will be landing in Harare tomorrow. This comes...

Tue Apr 10 2018 Author: Maveriq 11 Comments

Business

Construction Of ZERA Head Office To Create 200 Jobs

Speaking at the ground-breaking ceremony for the Zimbabwe Energy Regulatory Authority (ZERA) head office construction project in Harare yesterday, Energy and Power Development Minister Simon Khaya Moyo said the project...

Tue Apr 10 2018 Author: Tayana 0 Comments

Business

Old Mutual Scraps Payslip Requirement For Stand Buyers

An Old Mutual Group official who spoke to The Chronicle on condition of anonymity said the group has scrapped the requirement for payslips on potential residential stand buyers...

Mon Apr 9 2018 Author: Tayana 0 Comments

Business

Zesa Warns Of Return Of Load Shedding As Govt Blocks Power Tariffs Hike, Says Price Will Become Much Higher

Struggling parastatal, the Zimbabwe Electricity Supply Authority (Zesa) has warned that it will be forced to reintroduce power cuts and load shedding as it is struggling...

Fri Apr 6 2018 Author: Maveriq 3 Comments

Business

Govt To Remove 51-49% Shareholding Requirement In Diamond And Platinum Mining

Speaking to investors in Anhui yesterday, President Emmerson Mnangagwa said Government is working on a new diamond and platinum mining policy that will see the removal of the 51-49...

Fri Apr 6 2018 Author: Tayana 0 Comments

Business

Govt To Re-tender Harare-Beitbridge Highway Construction Project

Briefing the Anhui Foreign Economic Construction Corporation (AFECC) in China, President Emmerson Mnanagagwa said Government had resolved to withdraw the tender awarded to Austrian firm, Geiger International, for...

Fri Apr 6 2018 Author: Tayana 0 Comments

Business

Zim Should Adopt The South Africa Rand To Stabilise The Economy: Minister Mukupe

Deputy Minister of Finance and Economic Planning, Terrence Mukupe has said that Zimbabwe should adopt the South African Rand as its official currency. Mukupe said that this...

Thu Apr 5 2018 Author: Maveriq 6 Comments

Business

Zim To Lose More Than $1 Billion Per Year Due To Mnangagwa Trade Deal

Experts have warned that Zimbabwe could lose at least $1 billion per year if the country ratifies the African Continental Free Trade Area (AfCFTA) agreement. President...

Thu Apr 5 2018 Author: Maveriq 2 Comments

Business

Indian Community Proposes Barter Trade To Eliminate Forex Crisis

Rajshekhar Ray, the head of the Indian delegation at the CBZ International SME Indaba held in Bulawayo suggested that Barter trade could be used as a workaround...

Thu Apr 5 2018 Author: Maveriq 0 Comments

Business

Air Zimbabwe Only Left With Two Planes After Eight Breakdown

In an interview with The Chronicle, Air Zimbabwe spokesperson, Mr Tafadzwa Mazonde revealed that eight out of ten of their planes have broken down, leaving only two servicing...

Thu Apr 5 2018 Author: Tayana 0 Comments

Business

MMM Founder Sergei Mavrodi Dies

Sergei Mavrodi, a convicted Russian fraudster and founder of the Mavrodi Mundial Moneybox, aka MMM, scheme died of a heart attack on the 25th of March. He...

Tue Apr 3 2018 Author: Maveriq 0 Comments

Business

We Will Not Target The Chinese, Everyone Is To Blame For Externalization: Minister

Deputy Minister of Finance and Economic Planning, Terrence Mukupe has said that the government will not be taking any action against Chinese nationals and companies. The Chinese...

Tue Apr 3 2018 Author: Maveriq 0 Comments

Business

British Airways Rejects Minister’s Plea To Resume London-Harare Flights

Zimbabwe Tourism Authority (ZTA) boss Karikoga Kaseke has revealed that his organisation will continue engaging British Airways, despite the fact that the airline turned down Tourism Minister...

Tue Apr 3 2018 Author: Maveriq 0 Comments

Banks Admit To Making Errors Resulting In Companies Being Place On Externalisation List

The Bankers Association of Zimbabwe (BAZ) has admitted that some banks blundered in failing to submit CD1 forms to the Reserve Bank of Zimbabwe (RBZ) on behalf...

Mon Apr 2 2018 Author: Maveriq 0 Comments

Business

Agribank Offers Farmers Loans Based On Collateral And 99-year Leases

Agribank is offering farmers loans on the basis of collateral and 99-year leases. The bank has set aside a minimum of $105 million for the 2018/2019 cropping season...

Mon Apr 2 2018 Author: Tayana 0 Comments

Business

We Are Not To Blame: Zimra Responds To Companies On Looters List

Zimbabwe Revenue Authority (Zimra) chairperson Willia Bonyongwe has responded to claims by companies that the shutdown of the tax regulator’s clearance system is the reason why most companies...

Sun Apr 1 2018 Author: Tayana 0 Comments

Business

Mnangagwa Wrongly Listed 40 Companies On Looters List: CZI

The Confederation of Zimbabwe Industries (CZI), is pressing government to clear 40 of its members who were “wrongly” listed as money externalisers by President Emmerson Mnangagwa. Speaking...

Sun Apr 1 2018 Author: Tayana 1 Comment

Business

Minister Slams Companies Act, Says It Is Out Of Date And Needs Overhaul

Minister of Justice, Legal and Parliamentary Affairs Ziyambi Ziyambi, has said that there is need to overhaul the Companies in order to improve the ease of doing...

Sat Mar 31 2018 Author: Maveriq 0 Comments

Business

Econet Introduces “My Web Self-Care”: Service To Access Call History, Monitor Data Usage Anytime

Mobile network operator (MNO) Econet Wireless Zimbabwe has introduced a new service called My Web Self-Care, which will allow subscribers to access their call history as well...

Fri Mar 30 2018 Author: Maveriq 4 Comments

Business

Zimra’s Lifestyle Audits Are Selective, Start With Mnangagwa And His Deputies: Temba Mliswa

Former Zanu-PF politician and independent legislator for Norton, Temba Mliswa, has challenged the Zimbabwe Revenue Authority (Zimra) to carry out meaningful lifestyle audits instead of playing to...

Fri Mar 30 2018 Author: Maveriq 1 Comment

Business

Zimbabwe, Zambia To Start Building $4 Billion Power-Project in 2019

In an interview with Bloomberg, Zambezi River Authority (ZRA) Chief Executive Officer Munyaradzi Munodawafa said Zambia and Zimbabwe will likely start construction of a $4 billion Batoka Gorge power plant...

Thu Mar 29 2018 Author: Tayana 0 Comments

Business

New Dispensation Should Walk The Talk On Corruption: Employers Dismiss ED’s Externalisation List

The Employers’ Confederation of Zimbabwe (Emcoz) has dismissed the list of externalisers released by President Emmerson Mnangagwa last week as a mockery in the fight against corruption....

Thu Mar 29 2018 Author: Maveriq 0 Comments

Business

Govt Officials Sabotaging Air Zim To Make Way For Zim Airways

Some senior government officials have been alleged to be deliberately sabotaging struggling national airline, Air Zimbabwe in order to make way for Zimbabwe Airways. Zimbabwe Airways is...

Thu Mar 29 2018 Author: Maveriq 0 Comments

Business

Subscribers Will Get Their Money If EcoCash, OneMoney, TeleCash Fail – John Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has reassured subscribers who use mobile money platforms EcoCash, OneMoney and TeleCash that they will receive their money if...

Thu Mar 29 2018 Author: Maveriq 1 Comment

Business

Mnangagwa’s Son-In-Law, James Makamba Fight For Control Of Telecel

Businessman James Makamba who was in self-imposed exile for the past 12 years is reported to be engaged in a fight for the control of mobile network...

Thu Mar 29 2018 Author: Maveriq 0 Comments

Business

Zimbabwe Secures $1,2 Billion To Clear World Bank Debt, Sets Conditions

Finance Minister Patrick Chinamasa has said Zimbabwe has secured $1,2 billion needed to clear World Bank arrears. Chinamasa said Zimbabwe will pay back the money once the...

Thu Mar 29 2018 Author: Tayana 0 Comments

Business

Full Text: NSSA Board Chair Responds To Dismissal, Says Mliswa Started Allegations

Robin Vela, the former board chairperson of the National Social Security Authority (NSSA) who was recently fired by Minister of Labour and Social Welfare, Petronella Kagonye, has...

Wed Mar 28 2018 Author: Maveriq 0 Comments

Business

Zimpapers Applies For Content Distribution Licence, BAZ Inviting Comments

State-owned publisher Zimbabwe Newspapers (Zimpapers), the publishers of the Herald, Chronicle, Sunday Mail and Sunday News have applied to the Broadcasting Authority of Zimbabwe (BAZ) for a...

Wed Mar 28 2018 Author: Maveriq 0 Comments

Business

Mnangagwa To Commission Kariba South Hydro Power Station Expansion Project

President Emmerson Mnangagwa will later on today, commission the $533 million Kariba South Hydropower Station expansion project. The project was completed by Chinese contractor, Sino Hydro Corporation...

Wed Mar 28 2018 Author: Maveriq 0 Comments

Business

China Reluctant To Fund Zim Project Reveals Chinamasa

Finance Minister Patrick Chinamasa who recently led a delegation of senior Government officials to China to look for funding revealed that Sinosure, the Chinese institution that insures China’s...

Tue Mar 27 2018 Author: Tayana Comments Off

Business

Mnangagwa To Commission Kariba South Power Station

President Emmerson Mnangagwa will commission two new units (Unit 7 and 8) at Kariba South Power Station. In an interview with The Herald, Power and Energy Development...

Tue Mar 27 2018 Author: Tayana 0 Comments