Posted inStories
Fidelity income below budget
Fidelity Life Assurance says its total income stood at $8.4 million against the budget of $12.3 million in the five month period to May 31, but expects new products and…
Posted inStories
Nkomo takes over the reins at RioZim
Resources group, RioZim Limited has appointed Bhekinkosi Nkomo as its chief executive, replacing Noah Matimba who quit last year. Nkomo has been in acting capacity since last November. Nkomo joined…
Posted inStories
Nkosana Moyo to run for Zimbabwe president
Former Industry Minister Nkosana Moyo today announced that he will be running for president next year under his own political party known as the Alliance for the People’s Agenda. While…
Posted inStories
Zimbabwe farmers owe ZESA $180 million
Agriculture sector owes the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) $180 million in unpaid bills since 2013, an official said today. “We have seen that people in the agriculture…
Posted inStories
R5 million South African facility boosts General Beltings Zimbabwe
General Beltings Holdings says a 38 percent reduction in prices resulted in the company remaining in a loss position in the first six months of the year, but it anticipates…
Posted inStories
The rot in Zimbabwe’s Ministry of Transport- Part Four
The New Limpopo Bridge Fund understated its revenue for 2014 by a staggering R21.6 million which was collected between November and December 2014, Parliament heard this week. The Public Accounts…
Posted inStories
Zimbabwe’s Parliament too expensive to maintain
Finance Minister Patrick Chinamasa yesterday told Members of Parliament that the National Assembly was too big, and that the costs of maintaining it were too high. He was responding to…
Posted inStories
What Chinamasa said in Parliament yesterday about Command Agriculture in full
Finance Minister Patrick Chinamasa yesterday admitted that the government’s Command Agriculture project may have its shortcomings but it had exceeded government expectations. He said disagreements over the project were not…
Posted inStories
Zimpapers to spend $3.8 million on expansion this year
Zimbabwe’s largest media group, Zimpapers, says that it has budgeted capital expenditure of $3.8 million for 2017 and has so far spent $750 000 on equipment and property development. “Capital…
Posted inStories
The rot in Zimbabwe’s Ministry of Transport-Part Three
The Ministry of Transport could not account for more than $2 million it was given by the Zimbabwe National Roads Authority in 2014 and has been given until 31 August…