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ZBC rot exposed

HARARE – The board of directors of the Zimbabwe Broadcasting Corporation (ZBC) exerted undue pressure on a recruitment agency to interview executive managers who failed the first set of job interviews and later employed them. Read full story in today’s paper. [Adz]

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Wicknell Chivayo in big trouble

HARARE – The noose is tightening around dubious businessman Wicknell Chivayo, who is now facing a real prospect of doing jail time again, after the Zimbabwe Power Company (ZPC) ominously told Parliament yesterday that it had finished its internal probe and had since reported him to both the police and the Zimbabwe Anti-Corruption Commission (Zacc)….

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Zinara loses $119m to managers

HARARE – The Zimbabwe National Road Administration (Zinara) allegedly lost over $119 million to two of its managers through shady deals and unprocedural tenders, an audit report has revealed. Sources close to the Transport ministry — under which Zinara falls — said the damning report, compiled by a five-member committee, was submitted to Transport minister…

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Zim to trash Mugabe’s Look East policy

HARARE – Zimbabwe’s ruling party, Zanu PF, plans to improve its chances at the country’s national elections later this year by disposing of former president Robert Mugabe’s “look east” policy toward China and Russia in favour of policies favoured by opposition parties. Citing three senior party officials, Bloomberg News said the country also wanted to…

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Kazakhstan firm eyes Zim mining sector

HARARE – Controversial Kazakhstan-based mining firm, Eurasian Resources Group (ERG), is targeting to increase its footprint in the Zimbabwean mining industry. The group — formerly known as Eurasian Natural Resources Corporation — was delisted from the London Stock Exchange in 2013 when its shares tumbled significantly following a series of scandals, including allegations of fraud,…

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Econet consolidates solar projects

HARARE – Econet Group company, Distributed Power Africa (DPA), which focuses on solar energy solutions has begun to invest more than $250 million in the delivery of solar power systems for industrial, commercial and home use in Zimbabwe. The investment is aimed at creating more than 5 000 new jobs in the country over the…

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‘Be productive or lose land’

HARARE – Lands deputy minister Davis Marapira yesterday threatened to repossess underutilised farms in the next two months. Marapira was addressing delegates at a Tobacco Conference in Harare. He called on farmers to start being productive or face the consequences. “In the next two months I will be going around farms and if I find…

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Liquidity challenges hit life assurers

HARARE – New business written by the life assurance sector for both individual life and group business decreased by 26 percent and two percent respectively in the quarter to September 2017 on the back of the deepening liquidity crisis, the Insurance and Pensions Commission (Ipec) has said. In a report, Ipec pointed out that Zimbabweans…

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Pokello unveils new boyfriend

HARARE – Socialite Pokello Nare has flaunted her new love for the first time on social media, confirming reports suggesting she had moved on. The queen of swagger, as she loves to call herself, posted her new man Ronald Muzambe on Instagram with the caption “where can I get a hat like this.” After comments…

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Tytan, Olinda wedding on

HARARE – Musician Tytan Skhokho, real name Njabulo Nkomo, and his United Kingdom-based partner Olinda Chapel are openly speaking about their marriage plans and it’s widely believed that their wedding is on the horizon. The couple has said they are set to wed in the UK “soon”, sparking speculation when the big day might take…

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