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Tetrad Bank to appoint directors

HARARE – Tetrad Investment Bank will, at the end of this month, hold an extra-ordinary General Meeting (EGM) to approve the appointment of directors following a change of ownership at the bank. In a statement yesterday, the Provisional Judicial manager stated that the purpose of the meeting is to approve the appointment of directors, independent…

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Bindura floats road construction tender

BINDURA – Bindura Rural District Council is inviting tenders for the construction of a 1,3 kilometre stretch of road. In a notice by the council’s chief executive officer Savie Munoriarwa, the works will be done on the Manhenga-Dengu tarred road. “Tenders are invited from registered companies in possession of a certificate of incorporation, proof of…

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NatPharm MD up for criminal abuse of office

HARARE – The acting managing director at National Pharmaceuticals (NatPharm) appeared in court yesterday facing charges of abuse of office. The State alleges Newman Batanai Madzikwa, 40, allegedly hiked drug handling fees by 11 percent and corruptly awarded a $10 million tender to a Danish medicines’ supplier. He allegedly committed the offence barely three months…

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Ginimbi arrest warrant off

HARARE – A Harare court yesterday dropped an arrest warrant for businessman Genius Kadungure after he successfully argued that he missed a flight on September 17, causing him to fail to pitch for his fraud trial. Kadungure’s administrative warrant was revoked by regional magistrate Morgan Nemadire. Kadungure, affectionately known as Ginimbi, was represented by Jonathan…

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Ncube cracks whip, sacks Zimra board

HARARE – The  government yesterday fired the Zimbabwe Revenue Authority (Zimra) board and also introduced a slew of measures aimed at stabilising the economy and stemming rising prices of goods. The new measures come as there are growing fears that the economy could be slipping back to the 2008 hyperinflation era when both the Zimbabwe…

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Beware of 2008, ED warned

HARARE – As Zimbabwe’s economy continues to come apart at the seams, experts say it is time for President Emmerson Mnangagwa and his dithering lieutenants to bite the bullet and make the requisite changes needed to turn around the untenable situation. If this doesn’t happen as a matter of urgency, both business and economists told…

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Beware of 2008, President Mnangagwa warned

HARARE – As Zimbabwe’s economy continues to come apart at the seams, experts say it is time for President Emmerson Mnangagwa and his dithering lieutenants to bite the bullet and make the requisite changes needed to turn around the untenable situation. [Adz] [GoogleAd]

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MDC to drag police to court over anniversary ban

HARARE – The Nelson Chamisa-led MDC Alliance is planning to drag the police to court over the continued ban of its 18th anniversary celebration at a time Zanu PF is being given unbridled permission to hold its meetings. This comes after the police last week proscribed the MDC anniversary celebration for the second time, claiming…

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Parliamentarians to declare assets by Friday

HARARE – Parliamentarians have until Friday to declare details of their assets and income, as part of President Emmerson Mnangagwa’s drive to boost transparency and reinforce the government’s commitment to fighting corruption in the recession-hit economy. This comes after Mnangagwa declared that all public office holders — including Cabinet ministers, their deputies, senior government officials…

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NPRC hails premiere of Gukurahundi documentary

BULAWAYO – The National Peace and Reconciliation Commission (NPRC) has hailed the  decision to publicly stage a documentary about the Gukurahundi genocide that had initially sparked complaints from the police that it was not cleared by the Censorship Board, with the State-run NPRC saying the filmmakers  had “a duty” to make the motion picture to…

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