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POLITICS

Tycoon causes govt shutdown

The death of businessman Kudakwashe Tagwirei's father dealt a major blow on government business this week as virtually all ministers abandoned their workstations to attend his burial - in a developmen...

By Staff reporter | Published: 18 May 2018

POLITICS

British govt banking on Mnangagwa

EVIDENCE of Britain's meddlesome support for President Emmerson Mnangagwa's administration and that he is their preferred choice to lead Zimbabwe after this year's general elections in July is mountin...

By Staff reporter | Published: 18 May 2018

POLITICS

Mnangagwa lures Dabengwa to Zanu-PF

PRESIDENT Emmerson Mnangagwa has renewed efforts to lure Zapu president Dumiso Dabengwa into Zanu-PF structures and government, this time sending a top military commander to engage the ex-home affairs...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

Chaos rocks Delma Lupepe's company

DISCORD has hit Bulawayo's Merspin Limited, with the company's owner Delma Lupepe and judicial manager Cecil Madondo at each other's throats over the control and running of the firm's affairs.Once a t...

By Staff reporter | Published: 18 May 2018

OPINION

Banning cryptos in the cash-starved economy

"The more government bans it, the more popular it gets," that is exactly what happens to bitcoin and other cryptocurrencies.Every few months, we hear that bitcoin has been banned by some country or th...

By Tinashe Kaduwo | Published: 18 May 2018

BUSINESS NEWS

Zesa seeks to recover US$1bn

ZIMBABWE'S power utility, Zesa, is ratcheting up pressure on its defaulting consumers to cough up more than US$1 billion in unpaid bills by, among other measures, getting into stop order arrangements ...

By Staff reporter | Published: 18 May 2018

POLITICS

Obert Mpofu dragged to court by villagers

UMGUZA Community Share Ownership Trust has dragged Home Affairs minister Obert Mpofu to court for allegedly grabbing borehole drilling equipment and accessories valued at US$600 000 from the trust.Mpo...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

AfDB pledges US$50m loan for Zim companies

THE African Development Bank (AfDB) says it is ready to extend up to US$50 million in loans this year to Zimbabwe's private sector amid ongoing negotiations with the government to settle its US$600 mi...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

AirZim saga: Tale of half-truths, lies and deception

As someone -unknown - once said "if words don't add up, it's usually because the truth wasn't included in the equation".The same can be said of the story of Zimbabwe Airways (ZimAirways), which involv...

By Staff reporter | Published: 18 May 2018

OPINION

Biti is offside on the British loan to Zim businesses

The opposition politicians must know what to oppose and what to support unless if they want to lose respect in the eyes of the citizens.The Tendai Biti attack on the $100M private sector loan to Zimba...

By Hopewell Chin'ono | Published: 18 May 2018

POLITICS

Chihuri must come back home and clear his name

Former police commissioner-general Augustine Chihuri has been sucked in a number of controversies ever since he was retired from the Zimbabwe Republic Police (ZRP) in December last year.Unlike his pre...

By Staff reporter | Published: 18 May 2018

INDUSTRIALS & ENERGY

Coca Cola to invest $65m in Zimbabwe

Coca Cola Eastern and Southern Africa has pledged to invest $65 million in beverage manufacturing.The revelations emerged after its Eastern and Southern Africa General Manager Mr Ahmed Rady met with P...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Facelift on cards for Mbare Musika

The Harare City Council will soon embark on a facelift of Mbare Musika vegetable market and bus terminus, which had become an eyesore.Council spokesperson Michael Chideme said the upgrade will make th...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Chinamasa hails UK $100m facility

Finance and Economic Development Minister Patrick Chinamasa has hailed the US$100 million loan extended by the United Kingdom Finance Institution, CDC, as the first significant line of credit to come ...

By Staff reporter | Published: 17 May 2018

INDUSTRIALS & ENERGY

Eat n' Lick opens their newest outlet in Kwekwe

One of the country's fastest-growing fast food retail outlet, Eat n' Lick has embarked on a massive expansion drive, with the opening of a new branch in Kwekwe to increase its market share in the sect...

By Ngoni Shenjere | Published: 17 May 2018

INDUSTRIALS & ENERGY

RioZim evaluating Zimbabwe power plant bids

Zimbabwean miner RioZim Ltd. is evaluating proposals from six companies to participate in its $1.2 billion power project, as the nation enjoys a return of foreign-investor attention under President Em...

By Bloomberg | Published: 17 May 2018

POLITICS

Eric Knight joins Zanu-PF

Former ZBC presenter Eric Knight is reported to have recently joined Zanu-PF’s structures in the United KingdomAccording to NewZimbabwe.com, the ruling party confirmed this week, adding that "don’...

By Staff reporter | Published: 17 May 2018

POLITICS

'God ordained Zanu-PF,' says Chiwenga

Vice-President Constantino Chiwenga yesterday claimed the ruling Zanu party was God's creation and ordained to remain in power until eternity.Addressing mourners at the burial of fuel mogul Kudakwashe...

By Staff reporter | Published: 17 May 2018

POLITICS

Mnangagwa wife's pay plan illegal, unsustainable

ZIMBABWE'S parliament has rejected a proposal to pay allowances to President Emmerson Mnangagwa and his two vice presidents Constantino Chiwenga and Kembo Mohadi's spouses on the basis that it was ill...

By Staff reporter | Published: 17 May 2018

ZSE TODAY

Market Commentary 17 May 2018

The All Share index gained 0.42 points (0.40%)  to close at 104.78 points. OLD MUTUAL (OML.zw) continued its upward trend as it strengthened further by $0.2099 to close at $7.7015, SEEDCO (SEED.z...

By zse | Published: 17 May 2018

ZIMBABWE

Old Mutual set to delist from ZSE

OLD Mutual plc plans to delist its shares from the Zimbabwe Stock Exchange (ZSE) on Friday June 29 as part of the group's managed separation aimed at enhancing shareholder value by separating its busi...

By Staff reporter | Published: 17 May 2018

ZIMBABWE

ZSE breaches $10 billion

THE Zimbabwe Stock Exchange's recovery continued this week with the market capitalisation breaching $10 billion for the first time this year.The market capitalisation previously reached $10 billion fo...

By Staff reporter | Published: 17 May 2018

ZIMBABWE

SecZim amends rules

THE capital markets regulator, the Securities Exchange Commission of Zimbabwe (SECZ), is amending its regulations to enhance investor protection.SECZ chief executive officer Tafadzwa Chinamo told The ...

By Staff reporter | Published: 17 May 2018

FINANCIAL SERVICES

Cell Insurance spreads wings

CELL Insurance Group is planning to open two additional health facilities before year-end as part of efforts to spread its reach across the country, The Financial Gazette has reported.Addressing deleg...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Forex shortages affect hospital operations

ZIMBABWE'S private health sector is failing to equip its hospitals with modern equipment due to shortages of foreign currency and general cash.Private Hospitals Association of Zimbabwe (PHAZ) chairman...

By Staff reporter | Published: 17 May 2018

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