Transport minister Felix Mhona has ordered Fossil Contracting to re-work the resurfacing of Lorraine Drive Road, Harare, due to shoddy workmanship. The minister’s orders followed a public outcry over the …
Kells Dziva
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BUSINESS NEWS
Currency Concerns Rise as Businesses Struggle for Foreign Currency Access
by Kells Dzivaby Kells DzivaBusinesses are encountering difficulties accessing foreign currency from banks to finance the procurement of necessary inputs for production, a situation that analysts fear could lead to widespread rejection of Zimbabwe’s …
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Trading in Bindura Nickel Corporation (BNC) shares has been temporarily suspended on the Victoria Falls Stock Exchange (VFEX) following the placement of its key asset, Trojan Mine, under reconstruction. This …
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The administrators of the controversial WhatsApp groups, “Byo Men Exposed” and “Byo Women and Men Exposed,” causing uproar in Bulawayo, have been unmasked. Initially, three administrators were identified for “Bulawayo …
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BUSINESS NEWS
Government Commends National Foods for Reducing Reliance on Imports
by Kells Dzivaby Kells DzivaThe government has praised National Foods Limited (NatFoods) for its investments in projects aimed at reducing the country’s high import expenses. NatFoods has allocated nearly US$16 million to various factory …
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LOCAL NEWS
Police Speak On Why They Arrested Minister’s Son Neville Mutsvangwa
by Kells Dzivaby Kells DzivaHarare | The Zimbabwe Republic Police has confirmed the arrest of Neville Sunungurai Mutsvangwa, son of Women’s Affairs, Community, Small and Medium Enterprises Development Minister Monica Mutsvangwa, along with two …
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BUSINESS NEWS
FBC Re Emerges Victorious and Returns to Profitability with Strong Momentum
by Kells Dzivaby Kells DzivaFBC Reinsurance (FBC Re) has rebounded to profitability for the year ending December 31, 2023, recovering from a loss of $2.6 billion recorded in the previous year’s comparative period. The …
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LOCAL NEWS
Govt introduces ZiG200,000 civil penalty for violating official exchange rate
by Kells Dzivaby Kells DzivaZimbabwe’s Finance Minister Mthuli Ncube, backed by President Emmerson Mnangagwa, has enacted a new regulation penalizing businesses for pricing goods and services above the official exchange rate, the Government Gazette …
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LOCAL NEWS
Marondera Woman ‘Rumbidzai Samantha Matemachani’ Arrested After Stealing 18 Cows
by Kells Dzivaby Kells DzivaA Marondera resident ‘Rumbidzai Samantha Matemachani’ has been apprehended on charges of cattle rustling, after allegedly pilfering an entire herd of cattle. Rumbidzai Samantha Matemachani stands accused of absconding with …
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LOCAL NEWS
Monica Mutsvangwa Says Charges Against Her Son Neville Fabricated
by Kells Dzivaby Kells DzivaWomen’s Affairs, Community, Small and Medium Enterprises Development Minister Monica Mutsvangwa has said the charges of illegal foreign currency trading against her son, Neville, were fabricated. Neville was arrested on …