Fixed telecoms operator, TelOne made a loss of $24.9 million in 2016 due to a decline in voice revenue and the high cost of servicing legacy loans.
You know election season is around the corner when political parties start making promises they cannot keep.
Four state enterprises and parastatals (SEPs) flouted tender procedures when procuring millions worth of goods and services, according to the Auditor General, Mildred Chiri.
Roadblocks in Zimbabwe are here to stay because they are a security measure against criminals, Deputy Minister Home Affairs Obedingwa Mguni said on Wednesday dashing the temporary relief most Zimbabweans felt when his senior Ignatius Chombo said there would only be four roadblocks per province.
Zimbabwe’s loans register is in shambles and the country may have been prejudiced of more than $100 million in fictitious loan repayments, a report by the Auditor General Mildred Chiri has revealed. The report, which was tabled to Parliament on Wednesday, showed grave inaccuracies in Treasury accounts and a general slack in the reporting system across ministries and statutory funds.
There has been a lot of interest in the heated debate that ensued in Parliament on Tuesday, 20 June, over the Constitution Amendment Bill which seeks to give the President powers to appoint the top three judicial officers of the nation.