Business

The practice of Government headquarters staff buying themselves hampers and vouchers has been blocked and the Ministry of Finance and Economic Development has insisted that any Government travel must provide value for money. This follows the insistence from the ministry for contractors to be vetted to avoid overcharging, and now …

There was chaos in the National Assembly yesterday with legislators nearly coming to blows over opposition leader Nelson Chamisa’s calling out of Citizens Coalition for Change (CCC) Members of Parliament (MPs) for accepting US$40 000 loans offered by government. Last week, Chamisa issued a muted condemnation of the loans and …

Zimbabweans are being subjected to 19 hours of power cuts a day, because there is insufficient water in the Kariba dam to drive the nation’s main hydropower plant. The worst outages since 2019 are wreaking havoc, causing snarl-ups in Harare, the capital, where most traffic lights are no longer working, …

The Russia-Ukraine conflict has been a major obstacle to the hunt for new markets in Eastern Europe by the Safari Operators Association of Zimbabwe (Soaz). The war, which began in February this year, has had far-reaching effects, including the disruption of major supply chains globally. Soaz chairperson Emmanuel Fundira told …

The Confederation of Zimbabwe Industries (CZI) has called on Finance Minister, Mthuli Ncube to expeditiously disburse all the amounts allocated to ministries in the National Budget accordingly. The call comes at a time several ministries have in the past bemoaned partial disbursements, sometimes not even adding up to half of the …

Former US President Donald Trump’s family real estate company has been found guilty of tax crimes. The Trump Organization was convicted on all counts on Tuesday after two days of jury deliberations in New York. The business is synonymous with the former president, but neither Mr Trump nor his family …

Reserve Bank of Zimbabwe (RBZ) says to date, ZW$14 billion worth of gold coins have been sold, with corporates consuming a large proportion of the instrument which has gone a long way to mop up excess money in the economy. The central bank also called for the shift from Zim$ …

Finance and Economic Development deputy minister Clemence Chidawu has urged the country to embrace digitisation to deal with corruption, which he says has been hindering economic growth. Addressing delegates at a National Development Strategy 1 workshop in Emakhandeni, Bulawayo, yesterday, Chidawu said manual methods of tracking and dealing with corruption were …

Oil tankers formed a traffic jam off the coast of Turkey on day one of the West’s price cap on Russian crude, with Ankara insisting on new proof of insurance for all vessels, the Financial Times reported on Monday. Around 19 crude oil tankers were waiting to cross Turkish waters …

Redcliff Municipality is in the eye of a storm after it failed to reverse a murky arrangement to acquire posh motor vehicles and cellphones for senior managers in a swap deal for land with a Chinese company despite having been red-flagged by Auditor-General Mildred Chiri. An investigation by The NewsHawks …