WASHINGTON – A US Senate panel has approved the use of military force in Syria, in response to an alleged chemical weapons attack. By 10-7, the Committee on Foreign Relations moved the measure to a full Senate vote, expected next week. The proposal allows the use of force in Syria for 60 days with the…
HARARE – Listed financial services group FBC Holdings Limited (FBCH) has put on hold plans to merge its banking and mortgage lending units until the central bank clarifies the banks’ recapitalisation deadlines. The group intends to combine FBC Bank and FBC Building Society as part of strategies to comply with the Reserve Bank of Zimbabwe…
HARARE – The Securities Commission of Zimbabwe (SecZim) plans tighter regulation of listed companies by imposing laws demanding improved financial disclosure, curbing multiple directorships and limiting chief executives’ terms. The capital markets regulator said it expects the new listing rules to be set by year end. This comes as the current disclosure requirements for listed…
HARARE – Cash-strapped Agricultural Bank of Zimbabwe Limited (Agribank) says it will be able to meet the central bank’s capital requirements after concluding its deal to engage a new private investor. The government-owned financial institution said the transaction — expected to be complete by year-end — would improve its capital position. Agribank is among the…
HARARE – Award-winning South African musicians Mafikizolo and Loyiso Bala will perform in Harare at Belgravia Sports Club on September 13 and 14 respectively. The Harare show will present a great opportunity for the popular Mafikizolo to prove that they are back in business for sure. The award-winning South African group — made up of…
HARARE – Netherlands-based Rina Mushonga has released a song in honour of late mbira queen Chiwoniso Mararire. Rina did the tribute song for Chiwoniso, who died on July 24, at the age of 37, after being invited by a Dutch radio station. “I was asked to do a tribute interview/performance for RNW (Dutch world service…
HARARE – It is important for the literary and book sector to embrace new technologies as the changing society and technological revolutions around us demand an adjustment in order to remain relevant, a leading academic and writer says. Speaking at a press conference in Harare yesterday, chairperson of the Zimbabwe International Book Fair (ZIBF) Executive…
HARARE – The European Investment Bank has resolved to relaunch development activities with the private sector in Zimbabwe, after years of shunning the southern African country. The relaunch comes at a time the European Union (EU) and Zimbabwe are engaged in a process to normalise relations. Speaking at the eve of EU Day celebrations in…
HARARE – Former Big Brother Africa participants Roki and Mampi, who are both musicians, will stage a potentially explosive duet during the Harare International Festival of Arts (Hifa) which begins at the end of this month. This is not the first time Mampi whose real name is Mirriam Mukape and Rockford Josphats better known as…
HARARE – At least 10 foreign and local investors have submitted bids to acquire embattled milling firm Blue Ribbon Industries Limited (BRI), businessdaily has learnt. BRI, which is under judicial management, was forced to close shop last year due to working capital challenges coupled with pressure from a $2m debt obtained from PTA Bank. The…
