HARARE – Industry and Commerce minister Welshman Ncube faces a “corruption” probe over the $750 million Essar Africa Holdings (Essar) takeover of the Zimbabwe Iron and Steel Company (Zisco). This came up as his Zanu PF and mainstream Movement for Democratic Change (MDC) opponents ganged up against him in Parliament yesterday. Ncube, who leads a…
HARARE – Government should urgently recapitalise the Reserve Bank of Zimbabwe (RBZ) to bring stability and fairness in the banking sector, Bankers of Association of Zimbabwe (Baz) president George Guvamatanga says. “The starting point of financial services stability is a stronger and well capitalised central bank,” he told the Zimbabwe High-Level Economic Forum in Victoria…
HARARE – Zimbabwe should concentrate on strengthening the multiple-currency regime if real economic growth is to be achieved, economists say. Vitaliy Kramarenko, a centre coordinator with the International Monetary Fund (IMF) said introduction of the multicurrency system brought significant stability in the country hence the need to retain it. “Zimbabwe should strengthen the multi-currency to…
HARARE – A City of Harare clerk who allegedly swindled council of $30 000 was arraigned before Harare Magistrates’ Court yesterday. Wengai Tsomba, 29, appeared before magistrate Anita Tshuma who remanded him to September 17 on $100 bail. Tsomba’s duties were to receive money from various clients on behalf of the council and also preparing…
HARARE – Zimbabwean-born cricketer Gary Ballance on Monday scooped three major awards at his English cricket county side Yorkshire. The England hopeful, who received his Yorkshire first team cap at Scarborough last week, walked off with the Yorkshire members’ Player-of-the-Year award as well as being voted the Players’ Player-of-the-Year and also receiving the Fielder-of-the-Year award….
HARARE – Sporting ties between Zimbabwe and the United Kingdom continue to strengthen again following the arrival of an England polo team in the country last week for the first time in 50 years. The two teams will clash in a potentially-thrilling test match at the Bushman Wine Estate nestled in the Nyamasanga River Valley,…
DAMASCUS – More than 100,000 Syrians fled their country in August, the UN says – the highest monthly number of refugees since the conflict began in March 2011. In one month, the UN refugee agency says the total number of people to have left almost doubled to 235,200. “This is a significant escalation in refugee…
HARARE – Zimtrade’s operations are seriously under threat owing to lack of adequate financial resources, hampering its efforts to revitalise export-led economic growth. Presenting the trade body’s maiden report for the year ended December 2011 last week, board chairperson Jethro Siziba said the high operational and administration costs weighed heavily on the organisation. “A deficit…
HARARE – Mobile tracking system led to the arrest of a Harare man who allegedly took turns with his friend, who is still at large, to rape a police woman. Joe Sikhonyana Mpofu, 29, appeared before Harare magistrate Anita Tshuma facing robbery and rape charges. The court heard that on July 31 this year at…
HARARE – The constitution-making process has been a shambles from beginning to end, if ever it will end with an acceptable document. From the beginning, the process was chaotic, manipulated and at times, characterised by incidents of violence. The outcome of the imbroglio would, therefore, be questionable. My view is that as long as Zanu…
