Articles tagged 'sakunda'

Acie Lumumba spills the beans 4 November 2018 HARARE - In a shocking claim which could put under pressure Finance minister Mthuli Ncube under further political scrutiny, rabble-rousing influence peddler — William Gerald Mutumanje — is spilling the beans on his recent hatchet job on the Reserve Bank of Zimbabwe (RBZ). The maverick former Z...
Tycoon divides ex-combatants 2 November 2018 HARARE - President Emmerson Mnangagwa's staunchest backers — the war veterans — are now divided over State capture allegations that have sucked in oil tycoon, Kudakwashe Tagwirei. While the chairperson of the Zimbabwe National Liberation War Veterans Association (ZNLWVA) Christopher Mutsvangwa...
Prices zoom out of control 27 September 2018 HARARE - The price of cooking oil has shot up by more than 20 percent, adding to the cost-push inflationary pressures triggered by the recent wave of price adjustments. A survey by the Daily News showed that the standard price of a two-litre cooking oil bottle has gone up from about $2,75 last...
Boost for cooking oil industry 26 April 2018 HARARE - The cooking oil industry in Zimbabwe is banking on a boost in soya bean plantings to avert a shortage of cooking oil and stock feeds on the domestic market this year. This comes after Sakunda Private Limited provided $48,7 million, half of a $100 million loan facility to support oilse...
Farmers pay back Command Agric loans 15 March 2018 HARARE - Finance minister Patrick Chinamasa has said farmers who benefited from Command Agriculture have managed to pay back 60 percent of the money provided by Sakunda Holdings to bankroll the scheme. Sakunda Private Limited provided the farming inputs upfront that were to be paid back in a y...
Sakunda feels heat over Parly probe 16 February 2018 HARARE - Parliament has blasted Sakunda Holdings (Sakunda) for attempting to unduly influence the portfolio committee on Lands, Agriculture and Rural Resettlement from investigating Command Agriculture financing and belittling the legislature's oversight role. This comes after Sakunda attempte...
Govt caught pants down 24 June 2017 HARARE - Government is bypassing the State Procurement Board (SPB) in its implementation of the hyped Command Agriculture initiative in violation of the law, which requires that all projects worth US$10 000 or above should go through formal tender to enable it to get the best money can buy. Th...
Sakunda's 850 MW power ambition 9 June 2016 HARARE - Sakunda Holdings (Sakunda)'s diesel-fired Dema plant is part of a raft of projects — totalling 850 megawatts (MW) — anticipated by the company countrywide, it has been learnt. The development not only comes as the Zimbabwean firm has morphed into a fully-integrated energy supplier, bu...
'Wadyajena's tax bill bigger' 12 June 2014 HARARE - Gokwe-Nembudziya legislator Justice Wadyajena's tax woes and liabilities could have been bigger — had the taxman not “nicked” a portion of his penalties off the total bill, documents show. This comes amid revelations that the Zimbabwe Revenue Authority (Zimra) had directed Mayor Logis...
MP faces bankruptcy 11 June 2014 HARARE - Flamboyant Gokwe Nembudziya Zanu PF MP Justice Mayor Wadyajena is being haunted by the taxman, and could be thrown out  of his transport business by the Zimbabwe Revenue Authority (Zimra) which has had him sequestrated over a $1,6 million VAT bill. Wadyajena, who chairs Parliament's i...
CBZ, Sakunda's $120m deal 18 December 2013 HARARE - CBZ Bank Limited (CBZ) has secured a $120 million credit facility from a top European bank, businessdaily can reveal. The money, which is expected to go a long way in easing the current liquidity crunch, was obtained with the help of its partners, including Sakunda Holdings (Private) ...