November 24, 2024
The Food and Agriculture Organisation (FAO) said in a news flash that a rainfall deficit since mid-December 2009 has seriously affected maize and other cereal crops in the main producing areas of the country at the critical stage of the growing period.A number of African states such as…
Aviation industry sources said Transport and Communications Minister, Nicholas Goche, has put together a team that includes former AirZim chief executive officer (CEO), Oscar Madombwe, to investigate the incident involving warthogs and extend the probe to cover the entire aviation industry.Madombwe’s inclusion on the panel has caused disquiet…
At the moment all calls to the country and to other African countries are routed via satellite through London, causing delays and driving up costs.“We’ve already done Harare-Kariba. We’re now extending the link to Lusaka via Chirundu Boarder post,” Douglas Mboweni, the Econet chief executive officer, said. “We’re…
Previously, Zimbabwean operations were not consolidated and were accounted for on a dividend received basis because of the economic crisis in the country.In a trading update issued to shareholders on Tuesday, Tongaat said the consolidations of the Zimbabwe operations had given rise to a balance sheet take-on gain…
This comes in the wake of concerns raised by both the local and international business communities that the proposed empowerment drive could scare away potential investors with the bogeyman of uncertainty.The government, through the Minister of Indigenisation and Empowerment Saviour Kasukuwere, stirred a hornet’s nest recently when it…
Divisions had rocked the umbrella body that groups all State employees, the Apex Council, over allegations that some member unions were now politicising the job action and blaming it on Prime Minister Morgan Tsvangirai.Zimbabwe Teachers Association chief executive, Sifiso Ndlovu, denied the existence of divisions in the council,…
The Financial Gazette can reveal that no solution had been reached by late Tuesday as negotiators from both sides dug in their heels and refused to compromise despite spirited efforts by a Southern African Development Community (SADC) facilitation team to narrow the areas of conflict.Nelson Chamisa, spokesperson for…
The move could see the end-user price of electricity coming down by as much as a third from US$0,7 per kilowatt/hour.If approved, the price rationalisation would bring relief to all working populations, including those in the private sector, but plunge the national power utility, ZESA Holdings, into graver…
The revenue authority, which is responsible for enforcing the country's import, export and exchange controls, has issued several seizure notices against the police for confiscated goods being held as exhibits following the arrest of people the taxman suspect to be avoiding duty.Prosecution of some cases has been thrown…
POTRAZ issued a statement on Sunday denouncing what it alleged to be misleading statements from Broadlands Networks that it was “licensed to offer fixed and mobile voice services and has installed an extensive optical fibre network in Harare”.“The authority has no objections to such grand plans and greatly…
