News

Businessman in court over US$2m fraud

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Rutendo NgaraSENIOR STAFF WRITERA HARARE businessman has appeared in court facing allegations of misappropriating nearly US$2 million from transactions involving the sale of mining claims.Huan Baoquan appeared before Harare regional magistrate Lazini Ncube yesterday facing three counts of theft of trust property and money laundering. He was granted bail of US$1 000.The complainant in the…

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Zim drives seamless regional trade growth

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Tapiwa Chirume ZIMBABWE is intensifying efforts to deepen intra-regional commerce within Sadc, removing trade barriers to accelerate cross-border industrialisation.Addressing a post-Cabinet media briefing in Harare yesterday, the minister of Foreign Affairs and International Trade, Amon Murwira, underscored that current levels of intra-Sadc trade remain far below potential.“What is very important is to start by noting…

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Illegal alcohol plant raided by police

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CHIEF WRITER TWO foreign nationals have been arrested for operating an illicit alcohol manufacturing plant in Harare’s Msasa industrial area.This comes as counterfeit goods have become a growing concern in the country, with authorities regularly seizing fake products ranging from foodstuffs and beverages to cosmetics, medicines and household goods.Addressing the media in Harare yesterday, police…

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State to revive community ownership trusts

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Brighton MuronzereyiCHIEF WRITER GOVERNMENT is set to relaunch community ownership trusts to ensure local populations benefit directly from mining and rural industrialisation.The trusts were first introduced between 2011 and 2013 under the Indigenisation and Economic Empowerment Act as empowerment vehicles designed to enable communities to share in the benefits derived from the exploitation of natural…

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Women still worst hit by HIV

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Hazel Marimbizain BULAWAYO WOMEN remain disproportionately affected by HIV in the country, particularly adolescent girls and young women, despite plunging national infection rates.Speaking at a Lenacapavir and HIV prevention workshop yesterday, the national HIV prevention coordinator in the Ministry of Health and Child Care, Getrude Ncube, said Zimbabwe had made notable gains in the fight…

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State courts China for new city

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Brandon JosphatPOLITICAL EDITOR ZIMBABWE is seeking Chinese financing and partnerships to accelerate the development of the Mt Hampden New City project.This comes as the Mt Hampden New City project forms part of the government’s broader vision to establish a modern administrative and economic centre outside Harare, with a focus on smart infrastructure, technology-driven industries and…

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Zanu PF counts on CCC support

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Brandon JosphatPOLITICAL EDITOR THE ruling Zanu PF is confident that the main opposition Citizens Coalition for Change (CCC) will not block Consti­tutional Amendment Bill Number 3 (CAB3) in the Senate. Speaking to the Daily News — the country’s most influential newspaper — the former liberation movement’s chief whip in Parliament, Pupurai Togarepi, also said yesterday…

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Business

TSL half-year profits leap 39pc

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Kudzanai GeredeSTAFF WRITER A MASSIVE reduction in finance costs and tighter corporate expenditure controls have driven agricultural logistics giant TSL to a 39 per cent surge in half-year profits.The development comes at a time lenders have been steadily relaxing interest rates due to increased market competition.The group also benefited from a 33 per cent year-on-year…

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Govt targets destructive mountain mining

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Brighton MuronzereyiCHIEF WRITER GOVERNMENT has launched an urgent drive to engage mining companies operating in environmentally sensitive areas like Boterekwa in the Midlands and and Christmas Pass in Manicaland.The intervention comes as concerns mount over land degradation in mountainous regions and other ecologically fragile areas, prompting calls for stricter regulation of mining activities that were…

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