Appoint competent board members on state owned says Masunda

Appoint competent board members on state owned says Masunda

By Malcolm Meja Addressing business analysts and journalists in the capital today at the Bindura Nickel Corporation (BNC) analyst briefing, BNC Chairman Muchadeyi Masunda revealed that the listed firm faces risk of losing revenue owing to state owned logistics and power utility companies being run by incompetent individuals. BNC just like any other business institution in the country faces multiple risks as an entity if the prevailing economic conditions continue to deter. The mining firm is facing logistical and power supply constraints that will affect revenue inflow if they persevere….

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Poor nickel prices halt BNC smelter completion

Poor nickel prices halt BNC smelter completion

By Tendai Sahondo Bindura Nickel Corporation (BNC) has halted progress on its highly anticipated Nickel smelter as prevailing global nickel prices do not justify its completion, BNC MD Batirai Manhando has said. Speaking at an analyst briefing today, Manhando said the project which is currently 83% complete will be stalled until prices shore up to more sustainable levels of at least $15 000 per nickel tonne. “The fundamentals of completing the smelter project are not in place. We decided instead to recapitalise our operations and re-deepen Trojan mine. We continue…

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Ethical Leaf Tobacco sleeping with the devil

Ethical Leaf Tobacco sleeping with the devil

By Tendai Sahondo Ethical Leaf Tobacco is currently engaged in a questionable business alliance with dodgy Dubai based firm, Premier Leaf Tobacco (PLT) that was expelled from Malawi for unethical dealings and conniving with players in the industry to sabotage the Malawian economy. The firm which was declared an enemy of the state by deceased Malawian president, Bingu Wa Mutharika has since found a new home in Zimbabwe and a partner in ELT. This emerged during a parliamentary portfolio committee on Agriculture, Climate, Water, and Rural Resettlement which sought to…

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ZACC investigation reports nonsensical: Nzenza

ZACC investigation reports nonsensical: Nzenza

By Natalie Chiwomadzi PUBLIC Service, Labour and Social Welfare Minister Dr Sekai Nzenza says Zimbabweans should refocus their energies on pertinent issues and restrain on dwelling on social media chatter. This comes after social media messages alleged Nzenza has gone into hiding after Zimbabwe Anti-Corruption Commission (ZACC) exhibited interest on investigating her in connection to the NSSA report which sucked in her predecessor Minister Prisca Mupfumira. Speaking at a press conference, Nzenza said she is not aware of the investigations on her and dismissed the social media reports as nonsensical…

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Not business as usual: Econet

Not business as usual: Econet

Staff reporter Leading mobile network operator, Econet, announced to its users it won’t be business as usual going forth as power cuts, increased fuel prices and high inflation rates continue to affect its operations. Econet released a statement on Sunday pleading with its customers to stand with them as they face high fuel cost, fluctuating inflation rates and plummeted voice call tariffs challenges. There have been outcries of dropping calls, cross-linking of voices and poor connectivity from users prompting the statement from the service provider. Zimbabwe Mobile Network Operators have…

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Chamisa still receiving ZINARA salary, benefits, a year after suspension

Chamisa still receiving ZINARA salary, benefits, a year after suspension

By Tendai Sahondo Zimbabwe National Road Administration (ZINARA) Chief Executive Officer (CEO) Eng Nancy Masiyiwa-Chamisa is still receiving her salary and full benefits a year after being suspended, ZINARA board chair Michael Madanha has confirmed. Speaking before a public accounts committee, Madanha said Chamisa resisted a handsome payout which had been offered to her as a way of bringing the matter to conclusion. He was responding to a question by committee chair, Harare East Member of Parliament, Tendai Biti on the rampant corporate governance flaws within ZINARA. “Chamisa is still receiving…

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Gems arrive home to Hero’s welcome

Gems arrive home to Hero’s welcome

Staff Reporter Zimbabwe Senior Netball team affectionately known all over the World as the “GEMS”, were hosted to a hero welcome dinner last night at the Rainbow Towers Hotel. The Gems arrived home Wednesday to a rousing welcome at the RGM international Airport. Flag-waving fans and family amassing the airport chanted as the players went through the airport. Subsequently, National Foods treated the World Cup number 8 Gems to a red carpet welcome dinner Thursday evening. Gems won the hearts of many Zimbabweans across the globe by their sheer brilliance and…

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Look east policy bearing fruit: Mhlanga

Look east policy bearing fruit: Mhlanga

By Natalie Chiwomadzi LOCAL Government, Public Works and National Housing Deputy Minister Jennifer Mhlanga has said the coming in of Her Excellency Ge Huijin (chairman of People’s Political Consultative Conference Zhejiang Provincial Committee) to Zimbabwe is an indication that the country’s Look-East Policy is beginning to yield fruit. Her Excellency Ge Huijin who arrived in the country is accompanied by a high powered business delegation that has not only come to see the economic activities being undertaken by Chinese in the country but also to explore for opportunities and partnerships. …

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Agric Show dates moved a week back

Agric Show dates moved a week back

By Malcolm Meja The Zimbabwe Agricultural Society (ZAS) has announced that the Zimbabwe Agricultural Show will be moved to a week earlier from the previously announced dates. Earlier this year ZAS announced the annual Agric show was to be held from 26th to 31st August 2019. The show will now be held from 19-24 August 2019. Addressing journalists at a press conference today, ZAS Chief Executive Dr Masuka said, the sudden adjustment is owed to the need to realign its calendar to accommodate both its national and international stakeholders. Additionally,…

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Govt, EU join hands for wildlife protection

Govt, EU join hands for wildlife protection

By Natalie Chiwomadzi EUROPEAN Union (EU) says it has partnered with the government of Zimbabwe in a move meant to protect wildlife poaching as well as animal and human conflicts. The partnership is based on three projects which are mainly aimed at protecting and promoting wildlife in the country. Addressing delegates at the launch of the projects, Head of the EU Delegation to Zimbabwe Ambassador Timo Olkkonen said the country’s natural riches are not only for the Zimbabweans to cherish, but they form part of a world heritage which is…

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