November 25, 2024
Executives from civil servants unions said this week there was renewed agitation among the lowly paid civil servants following revelations, a fortnight ago, that government would not be making any future salary increments due to a tight financial squeeze.Last week, Finance Minister Tendai Biti, made a pronouncement to…
The review application comes at a time when the Zimbabwe Wealth Creation and Empowerment Council has also lodged its own complaint against the AG over the dropping of the charges, failure of which the organisation said it would engage a private prosecutor.Mutasa, her personal assistant Caroline Gwinyai, Telecel’s…
Orascom Telecom is a leading international telecommunications company operating networks in high growth markets in the Middle East, Africa and Asia, having a total population under license of approximately 510 million. The company has an indirect equity ownership in Telecel Zimbabwe and, through its subsidiary, Telecel Globe, Orascom…
One of its biggest creditors, the Libya Arab Foreign Bank (LAFB), is now threatening to pull out of a joint venture company it established along with NOCZIM and Tamoil, also of Libya, at the height of fuel shortages in 2002.LAFB and Tamoil are owed about US$44 million.Other companies…
It also emerged this week that South African President and SADC-appointed mediator in the Zimbabwe crisis, Jacob Zuma, is mulling a special summit on the country.Zuma’s facilitation team is expected in Harare today as part of last-ditch efforts to break the political logjam between ZANU-PF and the two…
The revelations about the impending investigation come at a time when it has emerged that a lawyer, who was appointed by Chombo into the Sekesai Makwav-arara-led commission, Terrence Hussein, declined to be allocated council land following a ministerial directive in 2005 saying the move was illegal.Hussein served in…
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…
