May 18, 2024
The Financial Gazette is in possession of the paper, which sources said was handed over to Indigenisation Minister, Saviour Kasukuwere, and was used as reference during this week’s Cabinet meeting.The regulations had given foreign-owned companies up to last Wednesday to present to government proposals on how they are…
Information gathered by The Financial Gazette is that on January 27 2010, the State Procurement Board (SPB) met and noted that all nine bidders who participated in the initial tender had failed to meet the basic requirements including submitting cash-flow schedules and providing a material price list when…
Chiweshe, who did not apply to be considered at the reformed electoral commission, now chaired by Justice Simpson Mutambanengwe, was appointed ZEC chairperson by President Robert Mugabe in 2006.His tenure was, however, mired in controversy especially after it took six weeks for ZEC to announce the March 29…
The Posts and Telecommu-nications Regulatory Authority of Zimbabwe (POTRAZ) cancelled its license after Telecel Intern-ational (TI) — the holding company — failed to honour the initial deal it signed with local investors to offload 20 percent of its current 60 percent shareholding to indigenous players in the joint…
As part of the eagerly awaited reforms The Financial Gazette can exclusively reveal that the Movem-ent for Democratic Change (MDC) formations and ZANU-PF have also resolved to exert pressure on the Broadcasting Authority of Zimba-bwe (BAZ) — seen as curtailing the free flow of information and polarity of…
The magistrate, Olivia Mariga, threw away an application for refusal of placement on remand, saying there was reasonable suspicion that an offence was committed.She ordered the mayor and the councillors to appear in court on May 6. The mayor and councillors were arrested following a report by a…
Karemba is being accused by three wings of the party’s provincial structures of failing to attend meetings, acting unilaterally on key issues; imposing an unknown person they suspect to be a security agent into the district structures of Zvimba East and promoting the same to a position likely…
The tendering process saw Longman Zimbabwe being awarded the tender last Thursday after donors’ availed funds as part of the Education Transition Fund (ETF) launched by government last year that will see 13 million primary school textbooks being printed by year end. Information obtained by The Financial Gazette…
The Indigenisation and Economic Empowerment Regu-lations, gazetted on March 1, gave foreign-owned companies with assets worth over US$500 000, a 45-day ultimatum to propose how they would cede 51 percent shareholding to indigenous Zimbabweans over the next five years.The Youth Development, Indi-genisation and Empowerment Minister told The Financial…
An offshoot of Prime Minister Morgan Tsvangirai’s mainstream MDC-T, the MDC-M is deeply divided over Mutambara’s praise-singing of a competitor amid reports that some of the party’s executive members are mulling recalling the robotics professor.Insiders said MDC-M members have begun questioning the logic of being in opposition politics…
