Legislators have been accused of receiving top of the range vehicles as bribe from sugar manufacturer Tongaat Hulett so that they influence Government to issue the company with a land lease.
Tongaat Hulett has no lease agreement with Government or any title to the 29 000 hectare sugar plantation after Government compulsorily acquired the land.
The issue came up during a tour of Tongaat Hulett by the Parliamentary Portfolio Committee on Lands, Agriculture and Resettlement chaired by Zanu-PF Gokwe Nembudziya MP Justice Mayor Wadyajena who has vowed to investigate the matter. Read more
The Reserve Bank of Zimbabwe (RBZ) has introduced the Diaspora Investments Accounts with the aim of getting more funding for local investments.
The accounts which function as savings accounts will receive a 7 percent Diaspora Remittance Incentive from the RBZ in addition to the interest which the account will earn from the bank.
The RBZ also said that the accounts will be protected from the RTGS system, in order to maintain their value in foreign currency. Read more
Speaking in the National Assembly, Tourism and Hospitality Industry Minister Prisca Mupfumira said Government is working on legalising shebeens to promote local tourism.
Mupfumira said the shebeens should be registered with her ministry through the Zimbabwe Tourism Authority (ZTA) Said Mupfumira:
What we are in the process of doing as a Ministry is to ensure that all tourist activities, shebeens, lodges or whatever are registered with the Ministry through ZTA. So, we have the next two months to register such. Read more
Minister of ICT and Cyber Security Supa Mandiwanzira has dismissed allegations that he is corrupt and declared that he has never taken a single cent from the government.
The minister dismissed allegations made by former NetOne CEO Reward Kangai and businessman Agrippa “Bopela” Masiyakurima. Appearing before the Parliamentary Portfolio Committee on Media, Mandiwnzira said:
As Minister of ICT, one of my huge responsibilities was to clean up very murky cartels operating in State enterprises and parastatals under the ministry in terms of shady business contracts, where there was a $280 million project implemented by NetOne and we had consultants who did a study and they advised us that we had been duped, and they were only able to recover $30 million, but this contract was signed by Kangai. Read more
Addressing Zanu-PF supporters in Mashonaland Central at Siyalima Primary School in Guruve yesterday, President Emmerson Mnangagwa said his government had secured more than $3 billion in foreign direct investment in just 7 weeks.
We have secured more than $3bn in foreign direct investment in just seven weeks.
We want this country to move forward. We want jobs for our children. For a start, we are addressing the production levels of agriculture where we are modernising all forms of production. Read more
Presenting the 2018 Monetary Policy Statement, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya announced that the 99-year leases for land can now be used as collateral to access loans from financial institutions.
The 99-year leases are given by the government to farmers who apply for land for agricultural purposes.
Earlier this year, the government stopped the discriminatory practice of issuing 5-year leases to white farmers and has started issuing them with 99-year leases as well. Read more
One of the world’s leading diamond companies, De Beers, has expressed interest in Zimbabwe after being granted 16 new licences in South African.
The company has been encouraged by political developments in Zimbabwe and is looking at an opportunity of expanding its $2 billion Venetia project, which is 20 kilometres from the Zimbabwe border. Read more
“I resigned after 16 years of teaching to focus 100% on growing my business. I felt something of a hypocrite as our tag line at Vertex is ‘live your dream!’ and there I was crippled by fear of not having enough financial security to be a full-time entrepreneur.”
Entrepreneurship for Bongani Huni came later in life and was born out of frustration and a desire for a more holistic approach to education in her native Zimbabwe.
The French-teacher-turned-entrepreneur launched a destination management company – Vertex International Tours with two goals: to boost tourism in Southern Africa and enhance the quality of learning in Zimbabwean schools through educational tours to Europe for teachers and students alike.
“Although I hold a Bachelors in French and had been teaching the language in private schools for many years, I had never had the opportunity to visit the country. It really bothered me. Read more
“I wish someone had told me that being an entrepreneur is not easy,” . “Though it is the best thing anyone can do, being employed by someone else is definitely a lot easier. But I’m proud I started Nutrie Foods and that everyday l face challenges that I overcome. God has always given me the strength to go on and I will never give up.”
Nobukhosi Ndlovu read once somewhere “Whenever you want to give up, just remind yourself of the reason why you started.”
Those words get her though each day when she rises at 5 am and works long hours to grow her food processing business, connect with local farmers and customers, and acquire the capital she needs to fill demand and make the Nutri brand a household name in Zimbabwe and beyond.
“I wish someone had told me that being an entrepreneur is not easy,” the 30-year-old Zimbawean said.
“Though it’s the best thing anyone can do, being employed by someone else is definitely a lot easier. Read more
The Confederation of Zimbabwe Retailers (CZR) has alleged that the quality and size of the loaves of bread has gone down and that bakers are selling loaves which do not conform to the government’s stipulated weight.
This comes after the government through the ministry of Industry, Commerce and Enterprise Development reversed a decision by Bakers Inn to increase the price of bread by a minimum of 10 percent.
According to Statutory Instrument (SI) 56 of 1989 bread should be sold at either 350g or 700g. Read more