ASA to offload BNC stake to Zim company

ASA to offload BNC stake to Zim company

By Natalie Chiwomadzi and Tendai Sahondo ASA Resource Group (ASA) has agreed to sell its 74.73% shareholding in BNC to an undisclosed third party based in Zimbabwe, Business Connect can reveal. In a cautionary statement published by, BNC board chairman Muchadeyi Masunda said the stake up taker is a Zimbabwean based mining firm involved in the production of ferrous metals, non-ferrous metals and precious metals. “Shareholders are advised that the ultimate holding company of BNC, Asa Resource Group Plc (currently under Administration), has entered into a Sale and Purchase Agreement…

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Gvt, UN launch new appeal as millions face extreme food crisis

Gvt, UN launch new appeal as millions face extreme food crisis

By Malcolm Meja The World Food Programme (WFP) together with the Zimbabwean government yesterday launched a $331-million humanitarian appeal for aid donations to provide food relief for millions of people, as the country face an extreme food crisis. Prior to the launch, President Mnangagwa declared the 2018-19 El Nino induced drought, a State of National Disaster. Speaking during the launch of the Revised Zimbabwe Humanitarian Appeal, WFP executive director David Beasley said 2.3 million Zimbabweans were facing extreme poverty and the number could double if the UN community does not…

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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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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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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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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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Zim needs to invest in more rooms: Chidzidzi

Zim needs to invest in more rooms: Chidzidzi

By Natalie Chiwomadzi ZIMBABWE Tourism Authority (ZTA) chief operating officer Givemore Chidzidzi says Zimbabwe need to invest in more room capacity to correspond with increasing tourism traffic. Since the coming in of the new dispensation in November 2017, Zimbabwe has experienced an increase in tourist arrivals as well potential investors. Speaking at the Zimbabwe Property Investment Forum recently, Chidzidzi said the country has a very low hotel stock compared to what is required. “When visitors come to see available attractions, they need accommodation and this is an area we are…

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Zimbabwe needs US$34 billion to restore infrastructure

Zimbabwe needs US$34 billion to restore infrastructure

By Natalie Chiwomadzi ABOUT US$34 billion is required to restore Zimbabwe’s crumbling infrastructure in the coming decade amid calls for the government to redouble its efforts towards restoring macroeconomic stability in the country. Zimbabwe is currently leaving no stone unturned in seeking foreign direct investments and grants from global financing institutions. Infrastructure development is said to be key in Zimbabwe’s economic revival especially in its bid to attract foreign investors under the current “Open for Business” mantra that government has been singing since the coming in of the new dispensation…

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SMEs Expo preps on course

SMEs Expo preps on course

By Natalie Chiwomadzi SMEs International Expo managing director Delight Makotose says preparations for the 9th edition of the Expo are on course despite various challenges being faced in the economy. The Expo started in October 2011 with a view to give SMEs in the country and corporates an opportunity to interact and do business and possible forge partnerships. According to the FinScope MSME Zimbabwe Survey 2012, there are about 3, 5 million SMEs operating in Zimbabwe and many of them face challenges that range from lack of access to markets….

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ZOL to roll over unused data

ZOL to roll over unused data

Staff reporter LEADING internet service provider (ISP) ZOL has announced that with effect from August 1st this year, unused data will no longer expire but be rolled over to the next month. Most Zimbabweans would rush to download various things towards month-end in a bid to use up their remaining data before the expiration date; however, ZOL says there is a need for that anymore. In a statement released on its social media platform pages, ZOL advised, there was no need to rush up to use remaining data towards month…

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