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The Financial Gazette
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ZESA Holdings

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Another ZESA scandal

THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) bungled its tender for prepaid meters, resulting in the ZESA Holdings subsidiary losing millions of dollars in potential revenue as the system that it eventually adopted is not foolproof. Power experts revealed to the Financial Gazette that ZETDC’s design engineers erred when…

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Corruption the bane of Zim’s future

PRESIDENT Robert Mugabe recently revealed that a Cabinet minister and a legislator had recently demanded a bribe from a foreign investor and vowed that heads would roll over the latest graft charges. The President’s revelation comes after he made a similar damning charge at ZANU-PF’s December 2012 national…

  • March 20, 2014
Companies & Markets

ZESA debt balloons

A few months after ZESA Holdings cleared a massive US$100 million debt owed to Mozambique’s Hydro Cahora Bassa (HCB), investigations by The Financial Gazette’s Companies & Markets (C&M) this week reveals that the debt is on the rise again. (more…)
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  • August 22, 2013