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BULAWAYO mayor Martin Moyo says the council’s wholly owned Ingwebu Breweries is back in the black after several years, but requires $4 million to refurbish the brewery plant and increase its footprint. In his New Year message, Moyo said the Bulawayo municipal undertaking moved from loss to profit during the…
RECENT media reports have suggested that former Reserve Bank of Zimbabwe governor, Gideon Gono, is among a number of top politicians and business people being investigated for owning “vast “tracts of land in Bulawayo which they have neglected developing over the years. The Bulawayo city council was recently reported to…
ZIMBABWE is considering the sale of as many as 62 live elephants to China, France and the United Arab Emirates because Hwange National Park, the country’s biggest game reserve, isn’t receiving adequate state funding. Elephants can be sold for between $40,000 and $60,000 each, depending on age, and the revenue…
THE Methodist Church in central Johannesburg will be closing its doors to refugees by the end of December. The church has been a home for refugees since the xenophobia attacks that occurred in the country a few years ago. Bishop Paul Verryn said they were trying to find alternative accommodation…
AT LEAST 1,3 million people in Zimbabwe are living with HIV/AIDS compared to two million recorded in the previous years, a government official has said. Briefing journalists in the capital, HIV and TB unit director in the Ministry of Health, Dr Owen Mugurungi, said the prevalence rate is an indicator…
SEVEN more ministers have been fired from government. In a statement, Chief Secretary to the President and Cabinet, Dr Misheck Sibanda, said the officials had been fired in terms of Section 108 (10 (a) of the Constitution of Zimbabwe Amendment (No 20 ) Act 2013 after their conduct and performance…
JUSTICE, Legal and Parliamentary Affairs Deputy Minister, Fortune Chasi, whose political career had been shaken long before the wholesale purges in the ruling ZANU-PF started appears to have survived the chop after President Robert Mugabe sacked seven ministers last week but retained him. Chasi had appeared to be on his…
ZIMBABWE’s top listed companies Delta Corporation and Econet Wireless have been listed among the 30 biggest companies by market capitalisation in sub-Saharan Africa excluding South Africa for the period ending November. According to a report released by the United Kingdom-based Harland Peel Africa Equity Research on Wednesday, Delta ended the…
A TOTAL of 227 companies bought tender documents for the supply of smart metering equipment estimated to cost around US$100 million, the Financial Gazette has learnt. The tender has been flouted by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a unit of power utility ZESA Holdings. The number of…
THE Crisis in Zimbabwe Coalition (CiZC), which is the secretariat of a grouping of 82 non-governmental organisations working to tackle the crisis in Zimbabwe, did not pay its taxes in 2012 going into 2013, an audit report has revealed. An audit by chartered accountants, Baker Tilly Gwatidzo, found that in…
