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Stories

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Posted inStories

Row over $60 million Egodini Mall project

Bulawayo mayor Martin Moyo has defended a $60 million property development in the city after a government minister criticised the tendering process for the project. Bulawayo City Council (BCC)last year…
Posted by Charles Rukuni April 17, 2016
Posted inStories

Bulawayo to engage Mauritius firm to rehabilitate city roads

The Bulawayo City Council (BCC) is in talks with a Mauritius company, Loita Capital Partners International, to rehabilitate the city’s roads in a deal worth $23 million, latest council minutes…
Posted by Charles Rukuni April 17, 2016
Posted inStories

Fidelity sends top brass on forced leave

Fidelity Life Assurance of Zimbabwe has sent its top management on forced leave to facilitate an audit into alleged financial irregularities at one of the country’s largest life assurers. Managing…
Posted by Charles Rukuni April 17, 2016
Posted inStories

IDC says it was denied a South African loan because of US  sanctions

The Industrial Development Corporation of Zimbabwe (IDCZ) says it failed to secure a second loan facility from IDC South Africa, which has cited sanctions on some IDCZ subsidiaries by the…
Posted by Charles Rukuni April 16, 2016
Posted inStories

Manheru says Tsvangirai had no message for demonstrators

Herald columnist Nathaniel Manheru, who is widely believed to be Information Secretary George Charamba, said Movement for Democratic Change leader Morgan Tsvangirai had no message for the thousands of demonstrators…
Posted by Charles Rukuni April 16, 2016
Posted inStories

Zimbabwe’s trade deficit widens

Zimbabwe’s huge trade deficit continues to widen due to low exports and a growing import bill made up mostly of consumer goods, a new report has revealed. Red tape and…
Posted by Charles Rukuni April 16, 2016
Posted inStories

Blanket Mine gold production up

Caledonia Mining Corporation says its Blanket Mine near Gwanda produced 10 822 ounces (306.8 kilogrammes) of gold in the first quarter to March 31 and expects to meet its full…
Posted by Charles Rukuni April 16, 2016
Posted inStories

Mugabe’s full statement on shift in indigenisation policy

President Robert Mugabe on Tuesday announced a new policy on indigenisation which most people thought was a major shift from the hardline stance that the government had so far insisted…
Posted by Charles Rukuni April 15, 2016
Posted inStories

Mugabe, tear down that flawed indigenisation law

The temptation to point and laugh at Patrick Zhuwao is very hard to resist. Youth and Economic Empowerment Minister, Zhuwao has called other ministers “liars”, written tedious, preachy articles in…
Posted by Charles Rukuni April 15, 2016
Posted inStories

Cell, Foundation and Passion funeral assurers face probe

Three funeral assurance companies failed to meet the prescribed minimum capital requirement of $1.5 million in 2015 as the industry stagnated, the Insurance and Pensions Commission (IPEC) said in its…
Posted by Charles Rukuni April 15, 2016

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