Mechanic charged with theft and fraud

Zvikomborero Parafini  A MECHANIC, who filed a criminal complaint of kidnapping and theft against his client, was hauled to court yesterday charged with theft and fraud. Panashe Karimusango was granted…

Guard handcuffs, rapes woman fetching firewood

Arron Nyamayaro A SECURITY guard was arrested on Sunday for raping a woman he caught illegally fetching firewood at a farm he was guarding in Seke. Alfred Dzenga (46), of…

ZSE profit bulks 250 percent

Enacy Mapakame The Zimbabwe Stock Exchange (ZSE) registered a 250 percent growth in profitability for the year to December 31, 2022 as the exchange implemented several initiatives to broaden the…

Zim/India US$81 million deal to improve NRZ capacity

Oliver Kazunga The National Railways of Zimbabwe (NRZ) is set to improve its operational capacity by 2,5 million tonnes annually once it starts receiving 315 wagons and nine locomotives under…

National Foods pays dividend to workers

THE National Foods Workers Trust earned a dividend of US$188 977 for the half year to December 2022 and the amount is being paid out to qualifying employees who are…

PPC’s loss widens as volumes in SA and Zim come under pressure

Compiled by Karl Gernetzky SA’s biggest cement maker PPC said on Monday its full-year loss widened in its year to end-March, hit by volume declines in its key markets of…

VFEX to launch new products

Business Writer The Victoria Falls Stock Exchange (VFEX) has a solid pipeline of new products expected to be availed during the second half of the year, including a commodities exchange.…

Zambia pulls out of U$5 billion Batoka project

Business Writer   Zambia has pulled out of the deal to co-build a 2400- megawatts (MW) hydroelectric plant with Zimbabwe along the Zambezi River at Batoka Gorge, according to media…

Partial implementation of monetary policy interventions may dampen outcomes, CZI

Oliver Kazunga The Confederation of Zimbabwe Industries (CZI) has warned that partial implementation of policy measures remains the major risk that could undermine effectiveness of the recently announced interventions to…

Gross premium written surges 450 pc

Business Writer The life assurance sector saw a massive increase in gross premium written (GPW) in the quarter to March 2023, up 452 percent from the same period in 2022.…

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