INFRASTRUCTURE Development Bank of Zimbabwe (IDBZ) has signed a memorandum of understanding (MoU) with Norsad Capital, a provider of private credit, a move set to create new opportunities for businesses. The partnership was signed in the capital on Tuesday. The MoU sets out the terms of the partnership. “Our agreement means that we will introduce…
THE trial in which businessman Wicknell Chivayo is suing the Zimbabwe Power Company (ZPC) for cancelling a 100-megawatt Gwanda solar project continued yesterday, with the businessman revealing that he only needs six months to complete the first phase of the solar project. This is despite the power company’s allegations that he had failed to complete…
PREMIER Service Holdings Company (PSHC) and Premier Service Medical Investment (PSMI) bosses accused of diverting over US$100 000 and over $14 million in holiday allowances for board members have been freed on $50 000 bail each. PSHC chief executive and group strategy and performance executive Farai Muchena and Victor Chaipa were charged together with PSMI…
WITH globalization, the world has become a massive, singular unit—and no amount of restrictions can stop human interaction. It is inexcusable that…
PETROLEUM firm, Maropafadzo Energy, says it has embarked on an expansion drive as it targets to open two more service stations before year-end. Maropafadzo Energy chief executive Gutai LisaMarie Maropafadzo yesterday said the company was focused on strengthening its core business at the same time creating employment. “We currently have five service stations across the…
By Brandon Josphat THE United Nations Human Rights Council (UNHRC) says the government must ensure food assistance distribution from the international community is not politicised. This comes after the UN Special Rapporteur Alena Douhan submitted her observation to the UNHRC after her visit to Zimbabwe from 18 to 28 October 2021 to observe the negative…
CITIZENS Coalition for Change members Joana Mamombe, and Cecilia Chimbiri, accused of faking their abduction, have some explaining to do, chief magistrate Faith Mushure has ruled. The two had applied for discharge at the close of the case, stating the State had failed to establish a case against them even after leading evidence from 10…
By Dionne Kanyowa BUSINESSMAN Wicknell Chivayo says he is still keen to implement the Zimbabwe Power Company (ZPC)’s 100 megawatts Gwanda solar project granted to his company or the power utility must pay him US$25 million for withdrawing it. This is despite the fact that Chivayo is facing fraud charges for allegedly failing to execute…
PREMIER Service Holdings Company (PSHC) and Premier Service Medical Investment (PSMI) bosses, accused of diverting over US$100 000 and over $14 million in holiday allowances for board members, will know their fate regarding freedom today. PSHC chief executive and group strategy and performance executive Farai Muchena and Victor Chaipa who were charged together with PSMI…
FARMERS in Zvishavane and Mberengwa have hailed the Presidential Poultry Scheme, an initiative which they said will go a long way in alleviating poverty, particularly in rural areas. As part of the government’s drive to alleviate poverty and boost rural income, it introduced the Presidential Poultry Scheme where farmers would receive free range chicks for…
