HARARE – Representatives of medical aid societies, pharmacists, hospitals, doctors, laboratories, the legal sector and other stakeholders from across the country on Thursday lamented the lack of specific laws to deal with healthcare fraud when they came together at the Healthcare Fraud Indaba in Harare. In discussions and presentations it was noted that medical aid…
HARARE – The Zimbabwe Stock Exchange (ZSE) tumbled last week losing almost $3 billion in three days as the market responds to the military’s seizure of control of government which started on Wednesday. The Zimbabwe Defence Forces took over control of the government in the early hours of Wednesday in a move meant “to pacify…
HARARE – Diversified conglomerate CFI Holdings (CFI) will next month hold an extraordinary general meeting to decide the fate of its directors Shingirai Chibanguza and Hamish Rudland. The duo is being accused by Stalap Investments and Willoughby’s Investments of abusing their positions at the expense of the struggling company, whose interim chairperson Grace Muradzikwa recently…
HARARE – Mystery continues to surround the country’s solar projects after the Zimbabwe Power Company (ZPC) said it is on the market to raise funding for the projects. The State Procurement Board last year awarded tenders for solar power projects with a combined output of 300 megawatts (MW) to three firms at an estimated cost…
HARARE – Opposition political parties in Zimbabwe are calling for the establishment of a transitional arrangement in preparation of free and fair elections next year. Reacting to the military intervention in civilian politics yesterday, opposition parties canvassed by the Daily News said they want to be part of a transitional arrangement involving other stakeholders in…
HARARE – Wholly-owned by Zimbabweans, Nash Paints is one of the fastest growing indigenous business entities boasting of 20 branches throughout the country with a plant manufactures 50 000 litres of paint a day. The Daily News Assistant Editor Maxwell Sibanda recently spoke to Tinashe Mutarisi, 37 the founder and brains behind Nash Paints, which…
HARARE – NetOne is continuing with an aggressive marketing drive of its mobile platform, OneMoney, after it launched the product in Bulawayo. The much-hyped launch, which was preceded by an event at Sekusile in Nkulumane, lived up to its billing as shown by the overwhelming attendance by a cross-section of guests which included captains of…
HARARE – Zimbabwe’s largest grocery chain OK Zimbabwe (OKZim) posted an 128,1 percent jump in half-year after tax profits to $5,1 million from $2,3 million in 2016. The group’s chief executive officer Alex Siyavora, last week said revenue in the six-month period to September 2017 improved by 22,6 percent to $268 million from the $218,6…
HARARE – Zimbabwe Stock Exchange listed blue-chip counter, Delta Corporation (Delta), has registered a $32,3 million profit in the half year to September, up from $30,9 million recorded in the same period last year. The group’s chief executive, Pearson Gowero, said the business remains profitable despite operating in an environment mixed with both challenges and…
HARARE – The battle to control diversified concern, CFI Holdings (CFI), has taken a new twist amid indications that Zimre Holdings (Zimre) is fighting to keep its directors on the struggling company’s board. This was after CFI had agreed to hold an extraordinary general meeting — requisitioned by Willoughby’s Investments — next month to remove…
