BancABC accused of fabricating charges to avoid US$6 million retrenchment payments
By Staff Reporter Harare – BancABC is embroiled in a controversy, facing accusations of concocting charges against at least nine top executives to avoid paying substantial retrenchment packages. According to sources, the bank’s current Managing Director, Tawanda Munaiwa, is spearheading a controversial restructuring process that involves fabricating offenses to terminate contracts of senior managers. This […]
Bitumen secures cabinet apo for Beitbridge-Vic Falls road upgrade
By Staff Reporter Harare – The Zimbabwean government has given the green light to Bitumen World to commence reconstruction work on key sections of the heavily damaged Beitbridge-Bulawayo-Victoria Falls Road. Under a public-private partnership, the renowned civil engineering company will recoup its costs through road toll fees. Information minister Jenfan Muswere, announced this development during […]
UK: Zimbabwe Accountants International partners with Diaspora Insurance for financial security
By Staff Reporter United Kingdom – The Zimbabwe Accountants International (ZAI) has announced a strategic partnership with UK-based risk solutions firm, Diaspora Insurance. This collaboration aims to bring financial security to over 1,200 accounting professionals worldwide. Established in 2022, ZAI is a global network of Zimbabwean accountants, uniting members from regions including South Africa, Dubai, […]
Retailers threaten closure amid exchange rate turmoil
By Marshall Bwanya Harare – Leading Zimbabwean retailers issued a stark warning on Monday, stating that they could be forced to shut down due to severe exchange rate distortions and stringent enforcement measures imposed by the Central Bank. Retail giants including Edgars, OK, TM Pick n Pay, Metro Peach and Electrosales highlighted the discrepancy between […]
African Sun moves to unlock value with more asset disposals
By Marshall Bwanya Harare – African Sun Limited, a leading hospitality group, has announced plans to further streamline its operations through the disposal of additional non-core assets. This move follows the recent sale of the Great Zimbabwe Hotel and Beitbridge Express Hotel to TD Hotels for a combined US$7 million. The company cited deteriorating trading […]
Cimas Health Group drives healthcare to remote areas with cutting-edge mobile clinic
Cimas Health Group’s chief marketing officer, Tatenda Madzikanda, proudly showcases the newly acquired mobile clinic to journalists at the Harare Agricultural Show on Saturday. By Staff Reporter Harare – Cimas Health Group (CHG), a leading provider of medical aid, health, and wellness services in Zimbabwe, has unveiled a state-of-the-art mobile clinic, signifying its commitment to […]
ZB Holdings Group grapples with massive staff exodus amid deepening economic woes
ZB Holdings Group grapples with massive staff exodus amid deepening economic woes
ZESA announces multi-faceted measures to cushion power shortages
ZESA executive chairperson Sydney Gata By Staff Reporter Harare- Zimbabwe Electricity Supply Authority (ZESA), has unveiled a comprehensive plan to address the ongoing power cuts affecting the country. The plan includes a raft of short-term measures, long-term investments, and collaborations with various stakeholders. ZESA executive chairperson Dr. Sydney Gata on Monday addressing the media emphasized […]
