Archive for Category: "Business"

Soldiers block workers demo against Chinese

Soldiers block workers demo against Chinese

HARARE- Soldiers guarding the $80-million National Defence College currently under construction near Marlborough in Harare yesterday barred former construction workers from demonstrating against illegal termination of their contracts by their Chinese employer.

Chiyangwa $300m golfing, residential estate flops

Chiyangwa $300m golfing, residential estate flops

HARARE – Flashy businessman Phillip Chiyangwa’s dreams of building a residential estate to rival Harare’s famous Borrowdale Brooke have been shattered. This follows the sale of a huge portion of Carey Farm to a group of new investors by the Native Investments Africa Group founder to cover an $8 million debt with a local bank.

Legal wrangles with Mawere stall SMM revival

Legal wrangles with Mawere stall SMM revival

Legal wrangles over the ownership of Shabanie Mashaba Mines are stalling the revival of the once vibrant asbestos mining firms, a Cabinet minister has said. Mines Minister Obert Mpofu last Friday said the government-controlled Zimbabwe Mining Development Corporation was ready to resuscitate SMM.

Kasukuwere has no power to nationalise: PM

Kasukuwere has no power to nationalise: PM

Government on Thursday took over all foreign mining firms that have not complied with the Indigenisation and Empowerment law to dispose 51% shareholding to locals. But, Prime Minister Morgan Tsvangirai immediately rebuffed the claims and urged business to ignore Kasukuweres notice.

Zimbabwe sucked into gems warfare

Zimbabwe sucked into gems warfare

The discovery of diamonds in June 2006 by villagers in the Marange area in rural Chiadzwa, 90km southwest of Mutare, has been a mixed blessing for Zimbabwe.

Zim police steal diamonds from Israeli pilot

Zim police steal diamonds from Israeli pilot

HARARE- The Israeli pilot who was allegedly found with US$2 million worth of diamonds yesterday pleaded not guilty to unlawful possession of the gems and entry into Zimbabwe by evasion. Shmuel Kainan Klein (58) appeared before a Harare magistrate and denied being in unlawful possession of diamonds.

Concerns over diamond smuggling in Zimbabwe

Concerns over diamond smuggling in Zimbabwe

It is also crucial to evaluate the implementation of the Kinshasa agreement reached between Zimbabwe and the Kimberly Process in Kinshasa in November 2011 in light of the continuation of massive smuggling of diamonds.

Mugabe fumes at Mangoma over Zesa bills

Mugabe fumes at Mangoma over Zesa bills

HARARE- Energy and Power Development minister Elton Mangoma came under fire from President Robert Mugabe and Zanu PF cabinet ministers at a high-level meeting on Tuesday over leaked Zimbabwe Electricity Supply Authority (Zesa) bills.