Business

Government, through the Reserve Bank of Zimbabwe (RBZ), has robbed the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) millions of United States dollars by buying five million carats of gems using the depreciating local Zimdollar currency (or RTGS) without fair value in a murky deal, The NewsHawks has been told.  Information …

By Tawanda Matanhire It is indeed a good thing to get a driver’s licence which is a pre-requisite before driving on the country’s roads as well as in any country across the globe. Some actually take driving as a profession and this cannot be possible without this document. It is …

Zimbabwe’s beverage sector has been affected by rising cases of smuggling, a new report has shown. In a paper submitted to Cabinet, Industry and Commerce minister Sekai Nzenza said there had been an “avalanche” of cheaper products from competitors in neighbouring countries. She said smuggling of counterfeit distilled beverages — …

Former Finance minister Tendai Biti has dismissed Energy minister Soda Zhemu’s claims that he will import 500 megawatts (MW) from the region to alleviate power shortages, saying the region is also reeling from supply deficits. Zhemu told Parliament this week that government plans to import 500MW from its neighbours to …

Every leader should have the capacity and patience to understand the people they lead for an organisation to achieve its full thrust and objectives, Impact Training Institute (ITI) President Dr Elias Chakabwata revealed last Saturday. During a two-day coordinated leadership seminar running under the theme ‘Leadership Excellence’, Dr Chakabwata explained …

Energy minister Zhemu Soda says the current electricity crisis can be attributed to this year’s wheat bumper harvest, which resulted in most of Kariba Dam’s water allocations being utilised during the winter wheat cropping season. The Zambezi River Authority (ZRA) allocates 45 billion cubic metres of water to both Zimbabwe …

Zimbabwe’s power crisis has been precipitated mainly by a combination of climate crisis, poor planning and economic mismanagement, The NewsHawks has learnt. Residential areas around the country have been going for over 18 hours without electricity, a situation that has been worsened by a decline in the water level at …

Both governments have perfected the art of creating chaos to their benefit Venezuela and Zimbabwe were both once among the most prosperous economies in their regions. When Zimbabwe gained independence in 1980, it was referred to as the “breadbasket of Africa.” Around the same time, scholars described Venezuela as “a …

Bindura Bureau Youths in mining have called on government to allow them to start mining at the famous Kitsayatota gold fields in Bindura which have been closed since last year. The youths promised they will be professional in their operations. Speaking during a MINEX Northern Region meeting in Glendale, Wednesday, …

Health authorities say a lithium project in Goromonzi is posing a health crisis after employing over 4 000 workers without establishing a static clinic at the plant which has resulted in an upsurge of sexually transmitted infections in the district. A large number of sex workers have also camped in …