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Deal with current account deficit: CZI

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HARARE – The Confederation of Zimbabwe Industries (CZI) says government must address the country’s ballooning current account deficit to facilitate revival of the economy. The industry body noted that despite commitment to protect local manufacturers through imposing tariffs and surtax, imports continue to rise. According to the African Development Bank (AfDB), Zimbabwe’s current account deficit…

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ZSE grows 30pc in nine months

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HARARE – Zimbabwe’s stock market has grown by 30 percent in the first nine months of the year and 240 percent since dollarisation in February 2009 — driven by increased foreign investor participation — and is seen maintaining a similar trend in 2014 with more policy clarity, a leading investment firm said in its latest…

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Manyeruke to receive Jaguar XF

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HARARE – Pride Africa Network, a development and research organisation, will donate a posh Jaguar XF car to veteran gospel artiste Mechanic Manyeruke as part of events lined up to celebrate the Moses singer’s 40-year career. The car will be handed over to the 71-year-old artiste on December 19 during a dinner to be held…

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Macfest to roll out all-year calendar

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GWERU – Organisers of the Midlands Arts and Culture Festival (Macfest) have mooted plans to come up with an all-year calendar of events with the hope of making the fiesta attractive to both locals and foreigners. Macfest director Joe Wailer is convinced that lessons learnt during the organisation’s six-year history will make it easier to…

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Ammara Brown, Alexio ignite Book Café

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HARARE – Rising star Ammara Brown and seasoned afro-pop star Alexio Kawara will  perform at the Book Café tonight. The two stunning vocalists are known for  their explosive performances. Ammara burst onto the Harare music scene, captivating crowds with her stunning voice and charismatic stage presence.  In a short space of time, she has carved…

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Cleo surprises Hakeem at Mr Zim

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HARARE – Zambia’s former Big Brother Africa star Clementine “Cleo” Mulenga made a surprise appearance at last weekend’s Mr and Ms Zimbabwe Bodybuilding Contest to support her boyfriend Hakeem who was taking part. Cleo’s unexpected presence in the Harare International School auditorium surprised not only the scores of bodybuilding fans who attended the colourful event…

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Generations actors date City of Kings

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BULAWAYO – South African actors Anga “MJ” Makubalo and Thami “Senzo” Mngqolo, who star in the popular soapie Generations, have been invited to grace the first anniversary celebrations of Club 40 Forty tomorrow. Bhekizulu Ndebele, the manager for the Bulawayo club, told the Daily News that the two celebrated South African actors have been invited…

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Komichi appeal dismissed

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HARARE – A Harare magistrate has dismissed MDC’s chief elections officer Morgen Komichi’s appeal against his conviction and 350-hour community service sentence. More details to follow.

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Budget delay hits bonuses

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HARARE – As thousands of workers look forward to their 13th cheque, confusion now reigns over how it will be paid out after government postponed its  annual budget which usually gives direction to employers through tax-free threshold announcements. The national budget, traditionally delivered in November, has been  moved to a later date after Finance minister…

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Kunonga loses court case

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HARARE – High Court judge Maxwell Takuva has dismissed with costs an application by ex-communicated Anglican Bishop Nolbert Kunonga in which he was seeking an order to the stop to eviction of his priests from church properties across the country. In the application, Kunonga, the leader of the renegade outfit, the Anglican Church of the…

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