HARARE – The Zimbabwe Stock Exchange (ZSE)’s turnover closed the month of October at $37,9 million down from the year-to-date peak of $65 million registered in June. The equities market’s turnover opened the year at $55,7 million, but closed the first quarter ended March 2012 down to $32 million, according to statistics from the ZSE….
HARARE – Dynamos coach Callisto Pasuwa, wants to forget the local glory he has achieved by a double in two consecutive seasons by concentrating on their upcoming exploits in Africa. The former Dynamos midfielder told Supersport.com that there is no time to rest if they want to do well in Africa this time around. He…
HARARE – Government needs to partner private mining players in its mineral exploration initiatives, says mining experts. This comes as Zimbabwe’s Chamber of Mines has said the country lags behind in exploration, without having invested in the fundamental mining activity in the last decade. If leveraged to maximum capacity, the country’s mining sector has the…
HARARE – The South African government has committed to assisting Zimbabwe in successfully hosting the forthcoming United Nations World Tourism Organisation (UNWTO) General Assembly, the country’s trade minister Elizabeth Thabethe said. Zimbabwe is co-hosting the event, set for August 2013 in the resort town of Victoria Falls, with Zambia. In an interview in Bulawayo, Thabethe…
HARARE – President Robert Mugabe is stepping up his re-election drive ahead of Zimbabwe’s watershed elections making strides to appeal to a key pool of swing voters made up of women. Mugabe remains confident he can win another term, and is proposing to establish financial institutions in rural areas known as “village banks” to lend…
HARARE – ZIMBABWE’S policy to control interest rates and bank charges will result in increased financial exclusion as most banks will snub smaller depositors, said Kingdom Bank Limited (Kingdom) — a major player in the country’s financial sector. A fortnight ago, Finance minister Tendai Biti barred banks from levying charges on deposits of $800 and…
HARARE – Six charities received a boost over the weekend from funds that were raised from a charity golf tournament. Prime Minister Morgan Tsvangirai’s Charity Golf Classic raised money for Chinyaradzo Children’s Home, Mashambanzou Care Trust, Matthew Rusike Children’s Home, Society of the Destitute Aged, Harare Children’s Home and Emthunzini WeThemba — all residential facilities…
HARARE – Human Rights defenders in Zimbabwe continue to face terrorisation amid fears of an election “bloodbath” in the expected 2013 election, an international observatory has reported. The Observatory for the Protection of Human Rights Defenders (the Observatory) a joint programme of the International Federation for Human Rights (FIDH) and the World Organisation Against Torture…
HARARE – They make about 60 percent of the population. But more often than not, youth voices are in the minority. For decades, Zimbabwean youths, despite playing some key roles since the 1970’s liberation war, have struggled to get their voices heard and their views are usually treated with contempt. Often, they are only appreciated…
HARARE – Troubled Genesis Investment Bank (Genesis) is in liquidation selling off its properties to pay off creditors and depositors. The institution voluntarily surrendered its license to the Reserve Bank of Zimbabwe (RBZ) in June after failing to secure an investor. At its closure, Genesis had $4 600 in its Real Time Gross Settlement (RTGS)…
