Business

An internal Bulawayo City Council audit has uncovered a number of irregularities in the local authority’s procurement and contracts management systems. According to a council confidential report, some of the loopholes include the failure by the local authority to maintain a suppliers list which creates the risk of the city …

Government should ensure strict accountability in its use of Covid-19 vaccine funds as the public remains in the dark on the breakdown of the US$93.2 million spent in procuring the life-saving jabs, governance watchdogs say. In July, Finance minister Mthuli Ncube told the nation the government spent US$93.2 million out …

Over 70% of the total loans taken over by the Zimbabwe Asset Management Company (Zamco) have been fully expunged, with the vehicle now seized with processes to wind up its operations ahead of its sunset period following the settling of its ZW$1,2 billion (US$14,3 million) obligation to the Reserve Bank …

Zimbabwe’s tobacco farmers have lurched into a crisis following the government’s failure to launch the long-awaited Tobacco Value Chain Transformation Plan, which was expected to spell out how the administration would fund the troubled sector from local resources. Business Times can report that the Ministry of Lands, Agriculture, Fisheries, Water and …

Former Deputy Mayor for Masvingo City Council, Alderman Phillip Debwe (76) has succumbed to Covid-19 related complications. He passed on at Rujeko isolation Centre on Monday where he had been admitted for quarantine for only a day. Family Spokesperson who is also his son, Anthony Debwe confirmed the death to …

It would not be completely out of place to state that like many African nations, Zimbabwe too is enveloped by Chinese influence, be it with regard to the political, military, or economic class. They all seem to be bowing down to the mighty Chinese who have invested heavily in the …

Businessman Strive Masiyiwa says the Zambia transition is “African class” and he will be watching new President Hakainde Hichilema’s policies to decide on possible new investment in the country. Masiyiwa owns Liquid Intelligent Technologies, Africa’s largest fibre company, which has operations in Zambia and across the continent. “Like most Africans, …

The People’s Republic of China has launched radical environmental interventions to clean up its own backyard. In Africa, its Belt and Road Initiative has brought some economic development, but was destroying ecosystem immunity with apparent impunity, experts said in an Our Burning Planet webinar. Local activism offered hopeful precedents. China’s …

Political Overview Since gaining independence in 1980, the ruling ZANU-PF party has held uninterrupted power in Zimbabwe, led first by Robert Mugabe, and then Emerson Mnangagwa from 2017. The main opposition is the MDC party. Zimbabwe’s next presidential elections will take place in 2023. Economic Overview Zimbabwe faces continued cycles …

Caledonia Mining’s investment in a new shaft at Blanket Mine is starting to show results; ore tonnage reached new records in the second quarter, helping the company double earnings for the period. The company commissioned a central shaft earlier this year, and in the three months to June, Blanket mined …