Archive for Category: "Business"
Gono sued over US$800 000 phone bill
HARARE- Zimbabwe’s state-owned cellphone operator, NetOne, has hauled central bank governor Gideon Gono to court, demanding that he pays more than $800000 in outstanding bills. NetOne is demanding payment of $805996.26 – which the company claims was incurred over a period of two years.
Zupco recalls 400 ex-workers for new fleet
HARARE- ZUPCO is recalling over 400 former workers to operate its new fleet of buses as the firm begins to operate viably. The bus company has ordered 100 buses from China at a cost of US$7 million to increase its fleet to 214.
Zanu PF ministers protect diamond barons
HARARE- Two senior Zanu PF politburo members, Minister of State for Presidential Affairs Didymus Mutasa and his Indigenisation counterpart Saviour Kasukuwere, have been linked to Israeli and Russian underworld gold and diamond dealers who were recently deported after a raid on their hideout in Harare’s Glen Lorne suburb.
Mugabe’s shock US$350 000 Zesa bill
HARARE – President Robert Mugabe and his wife Grace are some of the state-owned power firm Zesa Holdings’ biggest debtors. After a month of investigations by the Daily News, we can today reveal that the Mugabes as at December 31, 2011 owed Zesa over $345 000
General Mujuru family in diamond war
BEITBRIDGE- The family of the late army commander General Solomon Mujuru and business associates have been locked in a fierce battle with the Dubai-based Rani Investment for the control of the hotly-contested River Ranch diamond mine in Beitbridge.
Nicholas Vingirai bail terms relaxed
FORMER Intermarket Holdings Limited chief executive Nicholas Vingirai, who is facing 11 counts of theft and two of externalising large sums of foreign currency, had his bail conditions relaxed yesterday.
Mines Minister Obert Mpofu buying bank
HARARE – In yet another indication that Mines minister Obert Mpofu is a man of significant means, the senior Zanu PF politician-cum-businessman is buying into one of the country’s struggling banks.
Farmers evicted to make way for Mugabe factory
MAZOWE- The First Family is building a factory in Mazowe to process milk from its Gushungo Dairy Estates, The Zimbabwean learnt this week.




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