The Insider

The City of Harare says it is owed up to $80 million in unpaid water bills which have accrued since 2013 as water revenue continues to decline and expects the introduction of prepaid water meters to bolster its revenue base.

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Fresh from dismissing founding chief executive Kalaa Mpinga last month, resources group Mwana Africa has fired several staff, including consultants with more to come in a shake-up the company says is designed to lower overhead costs and change its working culture.

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Former Mwenezi East Member of Parliament Kudakwashe Bhasikiti’s case in which he was challenging his expulsion from the Zimbabwe African National Union-Patriotic Front was yesterday thrown out after Judge Chinembiri  Bhunu ruled that Bhasikiti had jumped the gun and should have approached the party’s central committee to appeal against his expulsion instead of approaching the court.

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The World Bank has advised government to overhaul the country’s consumer protection laws and promote financial literacy but says inclusion remains low due to lack of confidence in the banking sector, a report has shown.

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Movement for Democratic Change leader Morgan Tsvangirai is expected not only to attend the prayer meeting organised for activist Itai Dzamara on Saturday but will also deliver a speech according to his spokesman Luke Tamborinyoka.

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Former indigenization minister, Saviour Kasukuwere today maintained that five diamond mining companies in Marange had pledged $50 million to community trusts but were failing to meet their pledges due to lack of finances.

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State-owned National Railways of Zimbabwe (NRZ) says it narrowed its losses in the full-year to December 2013 by seven percent to $49 million but poor business and failure to recapitalise have left the parastatal facing a bleak future.

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Every Zimbabwe can be a millionaire because Zimbabwe is sitting on $15 trillion worth of mineral resources Vice President Phelekezela Mphoko, who is currently the acting president, said yesterday.

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Players in the poultry industry in Zimbabwe have cut chicken prices by 23 percent, with indications that the market was flooded by cheap imports, an industry official has said.

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The Deposit Protection Corporation (DPC) says its fund to pay out depositors of banks that collapse has declined to $7.2 million from $16 million since December last year, and warned that healthy institutions face the risk of contributing additional funding should more banks fail this year.

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