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Anti-corruption probes Indigenisation scam

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HARARE – As the Nieebgate scandal intensifies, the Zimbabwe Anti-Corruption Commission (Zacc) says it has opened investigations into what is turning out to be one of the biggest scams in post-independent Zimbabwe. Zacc spokesperson Goodwills Shana confirmed yesterday that the anti-corruption body was probing the Nieebgate scandal after noting the Daily News’ exclusive exposés on…

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Taking a life, giving on Valentine’s Day

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HARARE – I have never been a big fan of Valentine’s Day because I believe that a present is best appreciated when it’s a surprise to the receiver. The fact that the day has been so commercialised and has become an opportunity for businesspeople to milk the public does not help matters. But then I…

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Egypt fine-tune ahead of Zim clash

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HARARE – The Egypt Football Association (Efa) is leaving no stone unturned to make sure the Pharaohs are in top shape ahead of next month’s 2014 World Cup qualifier against Zimbabwe. Egypt take on the Warriors in Alexandra on March 26 in a crucial Group G qualifier for both sides and Efa has lined a…

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Strive Masiyiwa joins Africa Progress Panel

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HARARE – Econet Wireless founder, Strive Masiyiwa, has joined the Africa Progress Panel which is chaired by former United Nations secretary-general, Kofi Annan. The South Africa-based telecoms tycoon joins a panel which also includes, among others former International Monetary Fund managing director Michel Camdessus, Graca Machel and former Nigeria President Olusegun Obasanjo, to help promote…

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Cairns Zim’s lone representative again

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HARARE – Zimbabwean golfers found the going tough at the co-sanctioned Tshwane Open pre-qualifying tournament at Irene Country Club in South Africa yesterday. Brian Gondo, Greg Bentley, Ignatius Mketekete and Tongo Charamba all failed to make the cut to qualify for the tournament that starts today at The Els Club Copperleaf and carries a €1.5-million…

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Legislators take constitution break

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HARARE – Parliament yesterday adjourned to May 7 to allow legislators time to campaign in their constituencies for the draft constitution. Both houses, the upper and lower, are taking the break. MPs have demanded cash in order to help campaign for the “Yes” vote ahead of the referendum. Justice and Legal Affairs deputy minister Obert…

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Cairns plans debt, equity swap deal

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HARARE – Cairns Holding Limited (Cairns) plans a debt to equity swap deal as part of strategies to rescue the financially troubled food processor. If implemented, the transaction could see banks — including NMB and Stanbic — becoming major shareholders in Cairns. Cairns, the manufacturer of once popular Willards snacks, is saddled by an $11…

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Trapped in hopelessness, despair

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HARARE – “If you are a bully I beg you look for me good. If you are a bully, a folly, a bully. Treat me good I ‘m like a steppin’ razor Don’t watch my size, I’m dangerous.” I open this article by quoting the wise words of the reggae maestro, Peter Tosh, from the…

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Foreigners bid for Agribank stake

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HARARE – Foreign institutions are among investors that have submitted bids to acquire a 49 percent stake in the Agricultural Development Bank of Zimbabwe (Agribank), businessdaily has established. Insiders said a due diligence exercise has already been completed. “All I can confirm at this moment is that bids have been submitted. These are both foreign…

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WikiLeaks publishes classified Zim e-mails

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HARARE – Secrets-spilling WikiLeaks has begun releasing a cache of 5,5 million emails obtained from the servers of Stratfor, a US-based intelligence gathering firm with about 300 000 subscribers, an exposé likely to infuriate the US embassy in Harare. So far, only three  Stratfor emails on Zimbabwe have been published by WikiLeaks, the document-leaking organisation…

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