Business

Foreign technical partner of Intratrek Zimbabwe in the 100MW Gwanda solar project, CHiNT Electric, has been barred from accessing funds for three years by the African Development Bank Group (AfDB).

The High Court has ordered Labour and Social Welfare minister Petronella Kagonye to pay over $400 000, including interest, borrowed from a local bank over five years ago.

ZIMSWITCH Technologies, a company that provides interoperability for local financial payment systems, has introduced “Zeepay”, a new electronic payment product that enables users to send money to multiple recipients.

Hwange Colliery Company Limited (HCCL) plans to sell Hwange town for $300 million to among other obligations offset over $70 million it owes employees in salary arrears dating back to five years.

Zimbabwe Revenue Authority system’s administrator Stephen Makore yesterday appeared in court on allegations of trying to swindle his employer of more than $2 million.