Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «million»

January 11, 2019 6:26 PM ZSE Top Ten Index swings into the black

The Zimbabwe Stock Exchange (ZSE) swung back into the black in the mid-week session after its top ten index put on a marginal 0,07 percent to close at 140,96 points, following a weak start to the second week of 2019. After opening the new year in losses as three of the benchmark indices took a knock, losses on the bourse recorded by Econet and Innscor 10

January 10, 2019 5:28 AM Grand fuel heist in Zimbabwe?

Zimbabwe consumed almost 480 million more litres of petrol and diesel in six months between June and November last year than in the same period in 2017, a gargantuan 77 percent extra, at an additional foreign currency cost of more than US$200 million. Figures released by the Ministry of Energy and Power Development show that consumption of diesel and petrol 12

January 8, 2019 5:22 AM Saturday Night Fever in Gabon

The people of Gabon danced to the tune of Omar Bongo’s stifling symphony of misrule for 42 years. Small in stature, Bongo ruthlessly ruled oil-rich Gabon, earning himself the title “little big man”. A French observer described him as “a diminutive, dapper figure who conversed in flawless French, a charismatic figure surrounded by a personality cult”. He lavishly 14

January 6, 2019 4:48 PM Poor funding stymies digital TV switch

Meagre budget allocations are delaying Zimbabwe’s switch to digital television from the traditional analogue signals. Settlement Chikwinya, the acting chairperson of the Parliamentary portfolio committee on Information, Publicity and Media Services said there was a shortfall of about $62 million in the ministry’s bid of $100 million for the completion 12

January 3, 2019 5:25 PM UK shames Zim embassy

Government was yesterday left with egg on its face after Zimbabwe’s embassy in the United Kingdom was named among 23 diplomatic missions that are not paying their rates. The diplomatic missions now owe the British taxman more than £1,5 million in unpaid business rates, which should have been paid on December 31, 2017. Out of the 23 named foreign missions 15

January 1, 2019 1:51 AM Tax exemption for Chinese company

Finance and Economic Development minister Mthuli Ncube said government will refund and exempt China Jiangsu International from Value added Tax (Vat) and income tax dating back to 2012. China Jiangsu international, a Chinese company, completed the upgrading of Victoria Falls International Airport in 2016. The Chinese company consequently won another bid to remodel 13

December 31, 2018 1:46 PM Usher files for divorce from wife Grace Miguel one year after herpes scandal

USHER has filed for divorce from his estranged wife Grace Miguel one year after he was embroiled in a herpes scandal. The 40-year-old and Grace confirmed earlier this year that they are going their separate ways but the former couple have now made it official after papers were submitted to the court on Friday. Court records obtained by The Blast showed 13

December 31, 2018 6:21 AM Residents owe Chitungwiza $70,2m

Chitungwiza Municipality’s ability to deliver services has been compromised by the increase in the money it is now owed by ratepayers, which has increased from $65,5 million in August to $70,2 million. Commercial clients owe the local authority $27,4, while residents owe $42,8 million. Finance director Mrs Evangelista Machona said council operations 12

December 28, 2018 5:37 PM Harare budgets $52m for roads

Harare City Council (HCC) has set aside a budget of over $50 million to repair the capital city’s dilapidated and pot hole-infested roads with effect from January 2019. Harare mayor Hebert Gomba said the road rehabilitation programme is set to start early January as the council is targeting to repair 10 roads per ward around Harare’s suburbs and Central 15

December 28, 2018 4:52 PM Delta appoints new non-executive directors

Delta Board of directors has appointed three new non-executive directors to join the panel. In a statement, Delta chairperson Caanan Dube said Ema Fundira, Lucia Swartz and Richard Rivett-Carnac are the new non-executive directors who will effectively commence work from January 1, 2018. This also comes after Delta’s Africa Zone president resigned while 9