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Market Commentary 22 June 2018

Heavyweight Old Mutual was the main contributor to turnover, which closed at $5.36 million today, after 698,819 shares of the company were traded at a value of $4,194,395.The All Share index closed th...

By zse | Published: 22 June 2018

MINING & RETAIL

Hwange Colliery board nominees announced

Government, the largest share in the coal mining concern Hwange Colliery Company, has announced its nominees for the company's board of directors.The six appointments include:Allan Mashingaidze, forme...

By Ngoni Shenjere | Published: 22 June 2018

POLITICS

Chamisa promises to transform Zimbabwe

The MDC Alliance campaign was in Sanyati Mashonaland West and Nembudziya in Midlands this Thursday were presidential candidate Advocate Nelson Chamisa promised reforms among them replacing manned road...

By Staff reporter | Published: 22 June 2018

POLITICS

Who is who on the Zimbabwe campaign trail?

A TOTAL of 23 candidates successfully filed their nomination papers last week enabling them to run in the presidential elections to be held on July 30, although it is self-evident the real race will b...

By Staff reporter | Published: 22 June 2018

TELECOMS & TECHNOLOGY

Econet secures an insurance licence

The Insurance and Pensions Commission (Ipec) has granted Econet's request to register an insurance firm, Econet Insurance Limited, fulfilling the company's long-standing ambition of becoming an integr...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Pension fund in corruption scam

A probe into the Unified Councils Pension Fund (UCPF) has unearthed massive abuse of funds amid evidence the board pocketed US$8,7 million in allowances, sitting fees and staff salaries between 2010 a...

By Staff reporter | Published: 22 June 2018

MINING & RETAIL

Mbada Diamonds to get licence back

DIAMOND mining companies that were dramatically evicted from the Marange area of Manicaland in 2016 are expected to get back their licences after the Supreme Court ruled on Wednesday that the governme...

By Staff reporter | Published: 22 June 2018

POLITICS

Parties, media to witness ballot paper printing

POLITICAL parties and journalists are today expected to visit and witness ballot paper printing at the state-owned Fidelity Printers & Refiners and Printflow Pvt Ltd which have been contracted to ...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Maphosa seeks safe haven in Zimbabwe

South Africa-based Zimbabwean business mogul and Big Strategic Group boss Justice Maphosa, who has of late been in trouble over citizenship and tax fraud issues, is set to make massive investments acr...

By Staff reporter | Published: 22 June 2018

OPINION

Nkosana Moyo's unorthodox campaign plan

SITTING outside a restaurant overlooking the immaculate greenery of Royal Harare Golf Club, the Zimbabwe Independent news crew can see a group of professional golfers going about their practice sessio...

By Tinashe Kairiza | Published: 22 June 2018

POLITICS

Row over Zimbabwe judges appointments

LEGAL experts have demanded that the Judicial Service Commission (JSC) releases the scoresheets of candidates who were publicly interviewed for four advertised Supreme Court judges' vacancies, as they...

By Staff reporter | Published: 22 June 2018

POLITICS

Zim opposition headed for yet another crushing defeat

MDC-T deputy president Obert Gutu says Zimbabwe's opposition was headed for yet another crushing electoral defeat to a Zanu-PF that has maintained an octopus grip on the country's poll management syst...

By Staff reporter | Published: 22 June 2018

TRANSPORT & TOURISM

fastjet to introduce Harare - Bulawayo flights

Low-cost carrier, fastjet has been given traffic rights between Harare and Bulawayo.Daily flights are scheduled for 2 July 2018.Locally-based German aviation expert Jerry Haas released the news on Twi...

By Ngoni Shenjere | Published: 22 June 2018

POLITICS

'It's a fake voters' roll'

OPPOSITION parties and civil society groups have poked holes in the biometric voters' roll released by the Zimbabwe Electoral Commission (Zec) this week, describing it as "fake" and a mere "list of na...

By Staff reporter | Published: 22 June 2018

POLITICS

Chiwenga tightens grip on Zim government

VICE President Constatino Chiwenga has been given new responsibilities to administer Zimbabwe's public procurement processes, anti-corruption drive and key components of the Home Affairs ministry, ign...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Zimra delays $100 million facility

A US$100 million commercial loan recently advanced by the United Kingdom (UK) government, through the state-run Commonwealth Development Fund (CDC), to Zimbabwe's private sector has been delayed by th...

By Staff reporter | Published: 22 June 2018

INDUSTRIALS & ENERGY

CFI battling with legacy rot

Zimbabwe Stock Exchange-listed entity CFI Holdings Limited, says the company has been "damaged to its knees" by the previous senior management and boards and the newly appointed board and senior manag...

By Staff reporter | Published: 22 June 2018

CONSTRUCTION & PROPERTY

DIDG acquires Fort Concrete

The Diaspora Infrastructure Development Group (DIDG) has acquired stake in Gweru base reinforced concrete structures manufacturer, Fort Concrete. People familiar with operations said that DIDG which r...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Finmark Trust to establish base in Zim

FinMark Trust, an independent trust established to promote financial inclusion and regional financial integration, has announced its plans to set up base in Zimbabwe. FinMark, which provides evidence ...

By Staff reporter | Published: 22 June 2018

POLITICS

Ministers in trouble over Zanu-PF funds

TRANSPORT minister Joram Gumbo and his Local Government counterpart July Moyo are in deep trouble over US$300 000 which was sunk in a botched deal in which controversial airline Zimbabwe Airways (ZimA...

By Staff reporter | Published: 22 June 2018

FINANCIAL SERVICES

New Zealander to inject $2 billion in new bank

A New Zealand based investor, Worldwide Capital Corp, plans to invest over $2,2 billion in establishing and financing operations of a new commercial bank in Zimbabwe, according to documents seen by Bu...

By Staffr eporter | Published: 22 June 2018

POLITICS

Zhuwao urges Mutinhiri to back Chamisa

One of the brains behind the National Patriotic Front (NPF), Patrick Zhuwao, has called on the party's presidential candidate, Brig-Gen Ambrose Mutinhiri (RTD), to withdraw from the race and root for ...

By Staff reporter | Published: 22 June 2018

POLITICS

'Ministers to apply for posts'

OPPOSITION Alliance for People's Agenda (APA) presidential candidate Nkosana Moyo has pledged a governance paradigm shift, where prospective Cabinet ministers would have to apply and be considered on ...

By Staff reporter | Published: 22 June 2018

POLITICS

Zanu-PF Green Bombers are back

THE decision by the ruling Zanu-PF government to re-engage the "Green Bombers" ahead of next month's general elections raises a stink given their record of being used as pawns to harass and beat up op...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Govt urged to be transparent to attract FDI

Zimbabwe is part of the countries which are lowly ranked in terms of budget transparency, accountability and citizen participation, an expert has said.Speaking on the sidelines of a transparency works...

By Staff reporter | Published: 22 June 2018
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