Zesa Seeks Cabinet Approval For 14% Hike Of Electricity Tarrifs

Zesa Seeks  Cabinet Approval  For 14% Hike Of Electricity Tarrifs

ELECTRICITY charges will increase by about 14 percent if Cabinet rubberstamps the Zimbabwe Energy Regulatory Authority-approved application for a tariff hike which was made by Zesa Holdings. According to impeccable sources, an inter-Ministerial Committee is currently studying Zera’s determination to have electricity charges raised from 9,83 cents per kilowatt per hour to 11,2c. Zesa Holdings, through the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), had applied for a tariff increase of 14,6c/kWh to help finance…

Read More

Hundreds Of Buildings Face Demolition For Mtshabezi Bridge, Linking, Gwanda, Vumbachikwe & Blanket mines.

Hundreds Of Buildings Face Demolition For Mtshabezi Bridge, Linking, Gwanda, Vumbachikwe & Blanket mines.

Hundreds of residential and business buildings face demolition in Gwanda to pave way for construction of a bridge – Mtshabezi Bridge. The bridge links Gwanda town with Vumbachikwe and Blanket mines. The current bridge is extremely narrow. Council is accused of dishing out stands too close to the bridge,  a Gwanda paper Ilanga reported. Gwanda mayor Knowledge Ndlovu conceded that the local authority made a grave error in allocating the stands. “We take it with…

Read More

Innscor & Zimplats Named In Millions Of Leaked Panama Documents On Alleged ‘Illegal Transactions’

Innscor &  Zimplats Named In Millions Of Leaked Panama Documents On Alleged ‘Illegal Transactions’

Another high-profile Zimbabwean company has been named in the Panama Papers for payments and other transactions to directors which are viewed as illegal. The Panama Papers is a tranche of millions of leaked financial documents detailing a trove of billions sheltered in tax havens, and pocketed by political power players around the world. Innscor Africa has been named in the leaked documents as having engaged Panama law firm Mossack Fonseca to process payments to two…

Read More

Zanu PF Regime, Launches Large Scale Mining Of Gold And Platinum Discovery In Kariba, Gache Gache Area.

The government has moved in to conduct large scale mining in Kariba following the recent discovery of gold and platinum group mineral reserves in the area.Preliminary geological surveys have shown deposits of gold and platinum in the Gache Gache area in Kariba district. Mines and Mining Development Minister Walter Chidhakwa confirmed the latest addition to the country’s growing minerals find. “Gold deposits have been discovered at Gache Gache and during sampling it was later discovered…

Read More

MURDER:-Air Zimbabwe PR Executive Found Dead, In The Bush In Botswana’

AIR ZIMBABWE public relations executive, Shingai Dhliwayo, has been found dead in a bush in Botswana. Family members, in a series of Facebook posts last week, seemed to suggest that Dhliwayo, whose maiden name was Taruvinga, had been kidnapped. Police in the neighbouring country reportedly found her body and sent it to an unnamed hospital where her parents identified it on Saturday. Air Zimbabwe passenger and cargo general manager Chris Kwenda yesterday confirmed Dhliwayo death….

Read More

Zimbabwe Revenue Authority Suspends Commissioner General, Gershom Pasi & Five Executive Managers

Zimbabwe Revenue Authority Suspends Commissioner General, Gershom Pasi &  Five Executive Managers

The six have been sent on paid leave with immediate effect. The five executive managers are Mrs Annah Mutombodzi, Mrs Sithokozile Mrewa, Mr Tjiyapo Velempini, Mr Clive Majengwa and Mr Charlton Chihuri.In a statement, ZIMRA board chairperson, – Mrs Willia Bonyongwe, the wife of Director General of the Central Intelligence Organisation (CIO), Retired Major General Happyton Bonyongwe said the authority has become aware that questions have been raised and criminal proceedings instituted pertaining to the…

Read More

‘It Is Wrong For Zimbabweans To Associate Corruption With Politicians’-Patrick Zhuwao

‘It Is Wrong For Zimbabweans To Associate Corruption With Politicians’-Patrick Zhuwao

IT is wrong for Zimbabweans to associate corruption with politicians as it is perpetrated by thieves with no conscience at all, a minister has said. Responding to questions during the Zimbabwe Youth Empowerment Strategy (YES) for Investment meeting at the Civic Centre in Masvingo yesterday, the Minister of Youth, Indigenisation and Economic Empowerment Patrick Zhuwao said corruption has been mistakenly taken as a problem perpetrated by politicians only, who use their power to deprive the general…

Read More

‘Mass Donor Suspension After Mozambique Admitted To Hiding US$1,4 billion Debt In Funding Defence ‘

MAPUTO. – Donor nations and institutions that contribute to Mozambique’s state budget have suspended their support over revelations of $1,4 billion in hidden debt, officials said on Wednesday. Portuguese President Marcelo Rebelo de Sousa, representing the donors, announced the move at a press conference in Maputo alongside Mozambican President Filipe Nyusi. De Sousa said it was a “temporary suspension” and not a “final judgement” on the direct contribution to the state budget, estimated at $265m…

Read More

‘Failed Zanu PF, Regime, Predictably Re-introduces Zim- dollar’ -MDC-T Shadow Minister of Finance,

The cash-strapped ZANU-PF government has finally succumbed to its inevitable failure and has predictably decided to re-introduce the Zimbabwe dollar in the midst of an unprecedended liquidity crisis in the recent history of Zimbabwe. This decision has been muted by the RBZ with the hope of easing the liquidity crisis that is engulfing the economy. The RBZ will mint Z$2, Z$5, Z$10, Z$20 Bond Notes which are at parity with the US dollar. In addition,…

Read More
1 334 335 336 337 338 415