CONAKRY – Guinea’s Supreme Court has upheld September’s election results which saw President Alpha Conde’s RPG party win the most seats. Opposition parties have tried to annul the vote, alleging fraud. International observers said the election in the West African nation was marred by irregularities. The ruling means the RPG (Rally of the Guinean People)…
HARARE – Toronto-listed New Dawn Mining Corporation (New Dawn) says the approval of its indigenisation plan by Zimbabwe will not relieve the group of its liquidity and capital pressures. The junior gold miner — which owns and operates several mines in three gold camps in the country — said the endorsement of its empowerment deal…
HARARE – Hospitality group African Sun’s chief executive Shingi Munyeza has acquired the franchise for South African food outlet, Mugg & Bean (M&B) for the Zimbabwean market. Munyeza said he acquired the franchise for the specialised coffee shop from South Africa (SA)’s Famous Brands under his family investment portfolio in May but opened the first…
HARARE – Zimbabwe’s annual inflation retreated by 0, 27 percentage points to settle at 0,59 percent in October 2013 from 0,86 percent recorded in prior month, the Zimbabwe National Statistics Agency (ZimStats) said. This means that prices as measured by the all items’ Consumer Price Index (CPI) increased by an average of 0,59 percentage points…
HARARE – Zimbabwean movies, collectively known by the moniker Zollywood, have found their place alongside the revered Nollywood (Nigerian films), Bollywood (Indian films) and even the famous Hollywood (American films). Zollywood is the brainchild of United Kingdom-based Zimbabweans Tony Mliswa and Thulani Matsvimbo who decided to initiate a project that showcases the Zimbabwean film industry…
PARIS – A gunman has opened fire inside an office building in Paris housing the left-wing newspaper, Liberation, leaving one man seriously injured. The victim was a photographer’s assistant, aged 27, Liberation said. On Friday a man armed with what appeared to be a gun broke into the Paris offices of the rolling news channel…
HARARE – Listed meat processor Colcom Foods Limited says its flagship foods division’s turnover slumped 10 percent in the four months to October 2013 compared to same prior year period due to reduced production. Overall profitability during the period under review was 8 percent below target with flat volumes and unlikely to grow much higher…
HARARE – SABMiller’s Zimbabwe unit Delta Corporation (Delta) will pay out a total $16 million after declaring a $1,30 per share interim dividend in the half year to September 2013. This comes as most Zimbabwe Stock Exchange (ZSE) listed firms are struggling to declare dividends due to a depressed economic environment coupled with an acute…
HARARE – Just when no-one gave them a chance, Harare City are now one victory away from landing the Castle Premiership title after they humiliated Highlanders 4-0 at Rufaro Stadium on Sunday. With title rivals Dynamos drawing 2-2 with Chicken Inn in Bulawayo yesterday, City moved into first place on the log with 53 points…
HARARE – President Robert Mugabe’s Zanu PF is in turmoil as party heavyweights publicly continue to clash as the battle to succeed the 89-year-old leader reaches boiling point. Chaotic and controversial provincial elections, which have been marred by massive vote-rigging, intimidation and vote-buying, have laid bare the factional fighting between a camp led by Justice…
