The Zimbabwe Power Company (ZPC) says it was guilty of mismanagement after paying $7 million in unsecured advances to controversial firm, Intratek, for the Gwanda solar project.
In the snows of Davos, two brand new southern African leaders are attempting to persuade the world that they have a good story to tell.
The Speaker of Parliament Jacob Mudenda has issued a two months ultimatum for the National Assembly to finalise the Exploration and Mines and Mineral Amendment bills which he says will provide clarity on mining activities in the country after nearly two decades in the making.
Shabanie and Mashava Mine Holdings (SMM) is seeking a partner to rehabilitate and process dumps as part of plans to restart operations. SMM Holdings through its African Associated Mines unit, produced chrysotile fibre at Shabanie Mine in Zvishavane and Gaths Mines in Mashava for over a century but ground to a halt in 2008, three years after the government seized them from Mutumwa Mawere, under a controversial law that allows the state to take over assets of businesses deemed to be insolvent and incapable of servicing loans and charges owed to state institutions and agencies.
In a major boost for Zimbabwean President Emmerson Mnangagwa, the European Union today said it is ready to review its policies towards Zimbabwe at any moment.
As Emmerson Mnangagwa heads for the snowy slopes of Davos, Switzerland to rub shoulders with the global capitalist and political elite at the World Economic Forum, he must not forget the more radical ambitions of his background.