Nyore Madzianike Senior Court Reporter CCC activists Joana Mamombe and Cecilia Chimbiri lost their bid to block the State from tendering documentary evidence that their phones were active in Harare during the time they claimed to have been abducted while a police witness on duty at the roadblock where they claimed to have been arrested said […]
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CABS gets US$7,5m AfDB trade loan
Oliver Kazunga Senior Business Reporter THE Africa Development Bank (AfDB) has approved a US$7,5 million trade finance guarantee facility to CABS for on-lending to local companies, including Small and Medium Enterprises (SMEs). AfDB said the approval was the first of its kind under the bank’s new transaction guarantee instrument, which was formally launched in July last […]
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10 jailed for illegal mining in South Africa
Beitbridge Bureau TEN Zimbabwean men have been jailed for two years by a South African court after they were arrested for illegal mining activities in the Giyani area in Limpopo province. They were arrested by South Africa’s elite police, the Hawks, in May last year following a tip-off, and were found with an assortment of […]
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‘Future Independence host to organise conference’
President Mnangagwa Mashudu Netsianda Bulawayo Bureau The region that would be hosting Independence anniversary celebrations, will in future be required to organise a week-long conference preceding the celebrations, President Mnangagwa has said. For the first time in the history of country, Bulawayo will host the 42nd Independence Day Anniversary and other commemorative festivities in line with […]
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Slice Distributors eyes chunk of SADC
Tawanda Mutyebere Ivan Zhakata Business Reporter SLICE Distributors, the owners of Chicken Slice, Pizza Slice, Creamy Slice and Slice Grill is expanding operations into countries in the Southern Africa Development Community (SADC) region. The company yesterday opened its 16th branch in Harare’s Braeside suburban is working on its new brand called Slice Feed. Speaking at the launch […]
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Shoddy accounting exposes council to US$190m prejudice
Mrs Mildred Chiri Farirai Machivenyika Senior Reporter SHODDY accounting by Harare City Council could have cost the city about US$190 million after the council failed to verify some of the money in its books of accounts, while some service providers could have been overpaid. There was no accounting inventory kept of developed land stands, allowing misappropriation […]
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Rabbit meat demand poised for huge jump
Driven by increasing demand for rabbit meat worldwide, the market is expected to continue an upward consumption trend over the next six years Business Reporter THE Zimbabwe Commercial Rabbit Breeders Association (ZICORBA) has implored local cuniculture producers to increase their production to take advantage of an anticipated spike in global consumption of rabbit meat. ZICORBA […]
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COMMENT: Companies must use banking services, period
EXPERTS say although banks do many things, their primary role is to take in funds—called deposits—from those with money, pool them, and lend them to those who need funds. In essence, banks are intermediaries between depositors, who lend money to the bank and borrowers, to whom the bank lends money. The amount banks pay for […]
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Build intergenerational businesses: President
Leroy Dzenga, Harare Bureau PRESIDENT Mnangagwa has called on Zimbabweans to establish businesses that can outlive them and can be inherited by generations to come. He made these remarks at the memorial of the late Zimbabwe National Army Commander and national hero, Lieutenant General Edzai Chimonyo in Harare yesterday. President Mnangagwa said Lt Gen Chimonyo […]
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Zinara targets to raise ZW$34bn
Share George Manyaya THE Zimbabwe National Road Administration (Zinara) is a corporate body that was established in terms of the Road Act (Chapter 13:18) and is focused on spearheading the fixing of the country’s roads, most of which are in a terrible state, increasing the risks of carnage on the roads. Business reporter Freeman Makopa (FM) caught […]
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