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'Mutapa Fund will become Zimbabwe's economic bedrock'
Finance, Economic Development, and Investment Promotion Minister, Mthuli Ncube, has expressed strong confidence in the future of the Mutapa Investment Fund (MIF), highlighting its potential as a key d...Published: 09 Dec 2024 at 07:03hrs | 668 | by Staff reporter
NOIC plans to boost pipeline capacity to 5 billion litres annually
The National Oil Infrastructure Company of Zimbabwe (NOIC) has unveiled plans to significantly increase the country's fuel pipeline capacity to five billion litres per year by 2026. This ambitious pro...Published: 28 Nov 2024 at 06:51hrs | 721 | by Staff reporter
Armed robbers pounce on Kwekwe service station
Five armed robbers struck a service station in Kwekwe early Sunday morning, making off with US$799 in cash and various groceries.Inspector Emmanuel Mahoko, Midlands provincial police spokesper...Published: 11 Sep 2024 at 08:49hrs | 172 | by Staff reporter
'Mutapa Investment Fund mustn't become conduit for looting'
AS prevalence of public sector corruption reaches alarming levels, the International Monetary Fund (IMF) has demanded that Zimbabwean authorities ensure the newly-established Mutapa Investment Fund (M...Published: 11 Mar 2024 at 09:09hrs | 31 | by Staff reporter
US$15m State House works bill stuns govt
THE government has rejected an invoice for US$15 million submitted by a firm that clinched a deal to construct precast walls at State House, the President's official residence and offices, the Zimbabw...Published: 16 Feb 2024 at 14:57hrs | 482 | by Staff reporter
Petrotrade takes strides towards accountability
Petrotrade, a key Government parastatal, is gearing up to conduct a comprehensive lifestyle audit of its employees to enhance accountability and ensure the sustainable implementation of Government pol...Published: 19 Jan 2024 at 16:57hrs | 21 | by Mandla Ndlovu
Mnangagwa's Mutapa Fund likely to create oligarchs
FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition fro...Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter
Legalizing looting shows Zimbabwe is led by dunderheads!
From the time I was a little boy, there was something that always puzzled me.I could never understand how, those who were in top government positions - with all the opportunities availed to th...Published: 02 Oct 2023 at 07:55hrs | | by Tendai Ruben Mbofana
Mutapa looting machine
PRESIDENT Emmerson Mnangagwa is full of surprises.He wants to be seen to be doing something and, in many instances, creates new offices that in reality are as clear as mud.Mutapa Inves...Published: 23 Sep 2023 at 21:34hrs | | by Paidamoyo Muzulu
BCC starts repairing Luveve Road
BULAWAYO City Council (BCC) has started rehabilitating some sections of Luveve Road that are now impassable due to potholes that have been worsened by the rains.The local authourity needs US$9...Published: 12 Jan 2023 at 07:35hrs | 8 | by Staff Reporter
CCC top officials fall for ZANU PF money
There are reports reaching this reporter indicating that some Citizens Coalition for Change (CCC) senior members are stampeding for ZANU PF's stipends as the ruling party is leaving no stone unturned ...Published: 11 Nov 2022 at 11:49hrs | | by Mandla Ndlovu
Cartels bay for Mthuli Ncube's blood
PREDATORY cartels of "tenderpreneurs" preying on Zimbabwe's lax procurement systems, prejudicing government of millions of United States dollars, are baying for the blood of Finance minister Mthuli Nc...Published: 23 Sep 2022 at 19:26hrs | | by Staff reporter
Fuel firm board fired over governance failures
Energy and Power Development Minister Zhemu Soda has fired the Petrotrade board after a team of investigators confirmed failures in corporate governance, and in particular over the appointment of seni...Published: 15 Sep 2022 at 05:49hrs | | by Staff reporter
Mnangagwa's govt stripping assets, claims MPs
LEGISLATORS have accused the Executive of systematically stripping the country of its valuable assets and selling them through opaque deals, which observers say smells of deep-rooted corruption and pl...Published: 30 Aug 2022 at 06:35hrs | 1 | by Staff reporter
Zimbabwe MPs revolt over fuel coupons
Legislators on Friday threatened to block Finance minister Mthuli Ncube's mid-term budget as they protested against treasury's failure to provide them with fuel and to cater for their welfare....Published: 21 Aug 2022 at 08:48hrs | 3 | by Staff reporter
Mahere disowns her verified Twitter account
CCC spokesperson Advocate Fadzayi Mahere has publicly disowned her verified Twitter account in a desperate bid to wriggle herself from a messy defamation lawsuit that was filed by fellow lawyer Advoca...Published: 13 Jul 2022 at 07:20hrs | | by Staff reporter
Scandal-ridden Glencore has a big footprint in Zimbabwe
GLOBAL commodities giant Glencore, one of the world's largest diversified natural resource companies, currently engulfed in a corruption and bribery storm in the United States, Britain and Brazil, has...Published: 31 May 2022 at 07:37hrs | 160 | by Staff reporter
Petrotrade board suspension challenge hits a snag
HIGH Court judge Justice David Mangota has struck off the roll an urgent chamber application by former Petrotrade board chair Tinomudaishe Chinyoka, who was challenging his dismissal from state oil co...Published: 08 Apr 2022 at 06:49hrs | 3 | by Staff reporter
Former PetroTrade bosses' case dismissed
THE High Court yesterday dismissed an application filed by two former PetroTrade executives who were challenging the termination of their employment contracts.High Court judge Justice Owen Tag...Published: 01 Apr 2022 at 09:16hrs | | by Staff reporter
Senior Petrotrade managers challenge forced leave
TWO senior executives at state-owned petroleum firm Petrotrade have gone to court to challenge their placement on "mandatory leave", warning that the illegal action could plunge the country into chaos...Published: 27 Mar 2022 at 07:36hrs | 9 | by Staff reporter
Top govt officials in messy Petrotrade fight
STATE-OWNED petroleum firm, Petrotrade, has been rocked by fresh controversy amid reports that Energy and Power Development permanent secretary Gloria Magombo ordered the firing of two executives via ...Published: 25 Mar 2022 at 18:00hrs | 5 | by Staff reporter
'Herbert Gomba arrest; a ploy to embarrass Mnangagwa' Tino Chinyoka says
Former Petrotrade Board Chairperson Tinomudaishe Chinyoka has described the arrest of CCC member and former Harare Mayor Herbert Gomba as a ploy by the Zimbabwe Republic Police and the National prosec...Published: 16 Mar 2022 at 11:36hrs | | by Mandla Ndlovu
'US$120m looted from parastatal'
SUSPENDED PetroTrade board chair Tinomudaishe Chinyoka yesterday alleged massive looting and mismanagement at the State-owned entity which he claimed had prejudiced the company of nearly US$120 millio...Published: 16 Mar 2022 at 05:36hrs | 1 | by Staff reporter
Tagwirei eyes government fuel monopoly
Rapacious oligarch Kudakwashe Tagwirei would supply all government departments with fuel when he completes the capture of Petrotrade and Genesis, the two government-owned petroleum companies, ZimLive ...Published: 15 Mar 2022 at 15:54hrs | | by Staff reporter
Suspended PetroTrade board plots showdown
ENERGY and Power Development minister Zhemu Soda yesterday set himself on a collision course with the PetroTrade board which he suspended for allegedly interfering with the company's daily operations ...Published: 11 Mar 2022 at 05:43hrs | | by Staff reporter
Minister Soda Zhemu suspends entire Petrotrade Board
The Minister of Energy and Power Development, Hon Soda Zhemu has suspended the Petrotrade board chaired by Advocate Tinomudaishe Chinyoka, deputized by Zanele Dube.The Minister said he was sus...Published: 10 Mar 2022 at 13:52hrs | 1 | by Mandla Ndlovu
Chamisa says poverty tears opposition parties
MDC Alliance president Nelson Chamisa has blamed defections from his party by MPs and councillors to poverty.Some MDC Alliance members have defected to either the MDC-T led by Douglas Mwonzora...Published: 18 Aug 2021 at 06:56hrs | | by Staff reporter
Parastatals evade audit
BOARD members of public entities are rewarding themselves with hefty unsanctioned allowances and most of the abuse will likely go unnoticed as parastatals hide behind COVID-19 to withhold financial st...Published: 18 Aug 2021 at 06:47hrs | 1 | by Staff reporter
Politics behind Mnangagwa's 'buying spree'
PRESIDENT Emmerson Mnangagwa is such a political fox. His charm is without comparison. Or, is that so?Well, there are different ways of looking at this "charm".If you like him so much,...Published: 08 Aug 2021 at 07:35hrs | 2 | by Tawanda Majoni
'Mthuli Ncube, Mangudya refusing to cooperate with fuel cartels investigations'
Energy and Power Development deputy minister Magna Mudyiwa has told Parliament that the finance ministry and the Reserve Bank of Zimbabwe (RBZ) are refusing to release information that is critical in ...Published: 28 Jul 2021 at 08:58hrs | 8 | by Staff reporter
Timveos appointed PetroTrade board member
FORMER MDC Alliance deputy treasurer Lillian Timveos was yesterday appointed board member for PetroTrade a few months after she defected to the ruling Zanu-PF party.Timveos, who served as Midl...Published: 04 Jun 2021 at 07:17hrs | | by Staff reporter
Errant fuel dealers face arrest
Petroleum companies buying fuel in local currency and then selling it in United States dollars will face prosecution and other legal action, Energy and Power Development Minister Zhemu Soda has warned...Published: 04 Jun 2021 at 07:02hrs | | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | | by Victor Bhoroma
Govt keen to set up electric vehicles infrastructure
GOVERNMENT is exploring avenues of accommodating electric vehicles (EVs) in the country by setting up the requisite charging infrastructure, which is the backbone of the innovation.This follow...Published: 04 Sep 2019 at 08:43hrs | | by Staff reporter
VACANCY: ZESA and ZERA board members wanted
The Office of the President and Cabinet is inviting members of the public who are interested in serving as Board members of various State-Owned enterprises to submit their expression of interest. ...Published: 13 Aug 2019 at 12:31hrs | | by Mandla Ndlovu
A case for subsidies in the mining sector
Zimbabwe racked in US$3.2 billion from mineral exports in 2018, a figure which represents 76% of the country's official total export earnings. This year the government has set the target at US$4.2 bil...Published: 11 Jun 2019 at 09:35hrs | 2 | by Victor Bhoroma
Parastatals to be privatised in six months, says official
The government expects to find investors for state enterprises earmarked for partial privatisation and tie up the deals in the next six months, an official has said.Zimbabwe has 107 state-owne...Published: 12 May 2019 at 06:25hrs | 1 | by Staff reporter
Fuel prices go down
THE price of fuel has slightly gone down after the Government announced an increase in the blending ratio of petrol from five percent to 10 percent last week.In a notice, the Zimbabwe Energy R...Published: 28 Apr 2019 at 07:44hrs | | by Staff reporter
Bulawayo's fuel crisis bites hard
The government is running out of time to ensure that Bulawayo has enough fuel stocks to cover the forthcoming Independence and Easter holidays, as well as the annual Zimbabwe International Trade fair ...Published: 15 Apr 2019 at 06:57hrs | 1 | by Staff reporter
Glut of fuel during ZITF
THE Zimbabwe International Trade Fair (ZITF) is now known for bringing good news to the second city.In previous editions, the authorities would go out of their way to ensure that the city's ro...Published: 13 Apr 2019 at 15:49hrs | | by Staff reporter
Revisiting the ZUPCO urban transportation model
The re-introduction of ZUPCO buses to ply urban routes in the aftermath of January fuel protests was a welcome move for most urban commuters. This is largely because commuter omnibus operators had tak...Published: 19 Mar 2019 at 13:58hrs | | by Victor Bhoroma
Zupco to re-introduce mini-buses
Government has set up an inter-ministerial committee to oversee an introduction of mini-buses to ply various urban routes, as Zimbabwe steps up efforts to bring national passenger company - Zupco - ba...Published: 03 Feb 2019 at 11:42hrs | | by Staff reporter
Mnangagwa's govt mulls fuel rations
GOVERNMENT is mulling fuel rationing as the country reels from worsening shortages and growing queues in the middle of the festive season, an energy sector official has said.This comes as Rese...Published: 22 Dec 2018 at 19:09hrs | | by Staff reporter
Fuel rationing on the cards
GOVERNMENT is considering rationing fuel as a measure to curb fuel shortages following a 60% increase in demand for the liquid at a time the country is hard pressed for foreign currency to pay for fue...Published: 21 Dec 2018 at 07:06hrs | | by Staff reporter
Zimbabwe fuel situation dire
THE Zimbabwe Energy Regulatory Authority (Zera) says the fuel supply crisis has reached catastrophic levels as the 100-million-litre consignment procured last week at a cost of US$60 million has alrea...Published: 13 Dec 2018 at 20:00hrs | 1 | by Staff reporter
Govt ponders US$ fuel pricing
The government is considering requests by players in the oil industry who are seeking authority to sell fuel in foreign currency, the industry regulator has said.Service stations do not seem t...Published: 09 Dec 2018 at 07:06hrs | | by Staff reporter
'Zimbabwe runs out of fuel'
ZIMBABWE Energy Regulatory Authority (Zera) acting chief executive officer Eddington Mazambani yesterday revealed to Parliament that the country had exhausted the $60 million worth of fuel imported la...Published: 07 Dec 2018 at 05:48hrs | | by Staff reporter
Fuel companies call for 2-week forex cover
Fuel firms operating in the country have said Government should supply them with two-week worth of foreign currency cover to ensure there are no gaps that "exaggerate" the fuel shortages. Appe...Published: 07 Dec 2018 at 05:22hrs | | by Staff reporter
Mthuli Ncube sets privatisation timelines
FINANCE minister Mthuli Ncube has set timelines for the disposal and partial privatisation of a number of state-owned enterprises, as part of a raft of measures to revitalise Zimbabwe's fragile econom...Published: 16 Nov 2018 at 07:02hrs | 1 | by Staff reporter
Mnangagwa's govt unveils parastatal reform strategy
Government has rolled out detailed plans for the restructuring of State-owned Enterprises (SOEs), with 41 entities lined-up for privatisation, departmentalisation and listing on the Zimbabwe Stock Exc...Published: 13 Nov 2018 at 05:42hrs | 9 | by Staff reporter
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