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Company closures escalate in Manicaland

MUTARE — Manicaland is now a tale of two narratives occurring at the same time.On one hand, the mountainous region has a thriving diamond mining sector that has become the source of hope for the entire nation.The rest of the region’s industries, on the other hand, are haemorrhaging,…

Chinese miners rebuked

CHINESE miners have come under spotlight for being a law unto themselves by entering into illegal mining deals that also flout the country’s indigenisation laws.A report presented to the House of Assembly by ZANU-PF Guruve South lawmaker, Edward Chindori-Chininga days before his death last week accused the Chinese…

Chinamasa puts SADC in a corner

JUSTICE and Legal Affairs Minister Patrick Chinamasa on Tuesday dared the Southern African Development Community (SADC) by filing an ordinary court application in the Constitutional Court that distances President Robert Mugabe’s party from the action, setting another stage for conflict between ZANU-PF and the regional bloc.At its summit…

Manufacturing backbone of economy

CONFEDERATION of Zimbabwe Industries (CZI) president Kumbirai Katsande (KK) will not offer himself for re-election when the industrial group holds its annual congress in Bulawayo in next month. Katsande, known for his frankness in tackling business and economic issues, spoke to The Financial Gazette’s Business Reporter Paul Nyakazeya…

CEO blasts corruption

CORRUPTION has shattered Zimbabwe’s private and public sector’s moral fabric, the chief executive officer of the Deposit Protection Corporation, John Chikura, has said.Chikura is of the view that society threw out the window many years ago the values of ethical conduct in preference of what is being referred…

Council okays Anjin hotel project

MUTARE — Council has finally agreed to the handover Meikles Park land to Anjin Investments for the construction of a 14 storey hotel and shopping mall, more than two years after the deal was mooted.In terms of the agreement, the city fathers will handover Meikles Park situated between…

Defaulters drain govt loans

A HIGH percentage of youths issued with empowerment loans have defaulted on repayments, bringing into question the sustainability of the programme.Youth Development, Indigenisation and Economic Empowerment Minister Saviour Kasukuwere told the House of Assembly last week that the defaults were a result of lack of relevant skills to…

Relocation at Chiadzwa hits snag

MUTARE — Government has run out of land to relocate families from the Chiadzwa diamond fields.Families affected by mining activities in Chiadzwa were being relocated to Arda Transau, a government-owned farm in Odzi.But the farm is no longer able to absorb all the affected households, putting pressure on…