Econet bosses face arrest

Daniel Nemukuyu Senior Court Reporter
ECONET Wireless directors face imprisonment for contempt of court after they allegedly defied two High Court orders barring them from terminating a joint venture deal with a Namibian firm.

Trustco Mobile, which jointly operated Econet’s Ecolife cover and the bonus points system, has since filed an application at the High Court seeking 90-day jail terms for Econet chairman Mr Tawanda Nyambirai, deputy finance director Mr Roy Chimanikire and chief executive offi...

US$5m share ownership trust for Gwanda

Bulawayo Bureau
PRESIDENT Mugabe yesterday laun-ched the fourth Community Share Ownership Scheme Trust in Gwanda as part of the indigenous economic empowerment programme.

Thousands of people from Matabeleland South Province turned up to witness the launch where 15 mining companies and a cement manufacturer donated US$5 million to kick-start the Gwanda community development fund.

The companies pledged to give 10 percent of their annual profits for community development and ceded 51 percent of t...

Zinara collects US$57m in toll fees

Peter Matambanadzo Senior Reporter
A total of US$57 million in toll fees has been collected since the toll system was started three years ago.

In a statement yesterday on the collection and utilisation of toll fees, Secretary for Transport, Communications and Infrastructural Development Mr Partson Mbiriri said US$57 million was collected from August 18, 2009 to April 2012.

“Since we started collecting on August 18, 2009 to April 10, 2012 the Zimbabwe Revenue Authority has collected US$56 5...