HARARE – Ambitious financial institution NMBZ Holdings is seeking offshore credit lines from international financiers to bolster its chances of meeting the $100 million minimum capital requirements. “Due to the indigenisation regulations, we can no longer have more investors coming in as we have already reached the required 49 percent foreign ownership. The only option…
HARARE – The indigenous people of Zimbabwe have since independence in 1980 been waiting patiently for that day when the economy would open to them unconditionally and let those with entrepreneurial zeal to enter and participate in the mainstream economy on terms equal to the incumbents. Against the aforementioned, this week captains of industry launched…
HARARE – It is not in me to praise dictators, wrong and evil-doers, for I am not a saint or a pilgrim, but an informed writer who sees people’s tenacity and turmoil everyday. Zanu PF’s mediocrity system of governance for the past three decades sowed seeds of democracy that germinated with the coming of the…
HARARE – Gone are the days when President Robert Mugabe would unilaterally run the country, including calling for elections, Prime Minister Morgan Tsvangirai told his supporters in Chiredzi yesterday. Tsvangirai, who formed the coalition government with bitter rival Mugabe after marginally winning the March 2008 elections and boycotting a subsequent run-off due to violence, said…
HARARE – Zimbabwe police commissioner-general Augustine Chihuri has promoted three women to senior positions, in a move insiders say is meant to strengthen the role of women in the law enforcement agency. Abigail Moyo, Charity Charamba and Angeline Guvamombe, all described as “extremely hardworking”, have been promoted to the rank of senior assistant commissioner. The…
BULAWAYO – Highlanders suffered their first defeat of the 2013 Castle Premiership season after going down to a visiting 10-man Motor Action yesterday. A first half goal from Merciful Ncube was all the Mighty Bulls needed to earn their first win of the season in four games. Motor Action had started the season on a…
MUTARE – Mashonaland Turf Club betting hall in downtown Mutare could pass for an old people’s home common room. Old men, some with failing sight, strain at small font on pieces of paper. Others shuffle around consulting their peers. These oldies use the little dollars they have on betting. From horse races in South Africa…
HARARE – A group of people wearing regalia associated with self-acclaimed prophet Emmanuel Makandiwa yesterday turned to rowdy tactics in a bid to muzzle the Daily News. Barely a week after Makandiwa asked the State-controlled Zimbabwe Media Council (ZMC) to severely punish the Daily News, a gang —whose regalia showed they could be his followers…
HARARE – Castle Premiership debutants Tripple B registered their first win of the season by beating Shabanie Mine at Dulibadzimu Stadium yesterday. Tripple B, who had not won in three matches this season, found back of the net through Givemore Fireyi, Aleck Marime and Amani Makiwa. The Chinda Boys started the match as the brighter…
HARARE – At least 100 people have succumbed to malaria since January, with over a fifth of the deaths recorded last week alone. Officials say the majority of the cases were recorded in Manicaland Province. Statistics just released by the ministry of Health and Child Welfare show that about 200 000 malaria cases have been…
