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FBCH seeks $5m PTA loan

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HARARE – FBC Holdings Limited (FBCH)’s mortgage subsidiary is targeting $5 million-plus from its international financiers to expand its housing projects next year as it seeks to continue impacting on Zimbabwe’s housing backlog. In a joint interview with his FBC Building Society (FBCBS) managing director Felix Gwandekwande, group chief executive John Mushayavanhu told businessdaily that…

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Interfresh seeks $6m, shareholders approve delisting

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HARARE – Interfresh Limited (Interfresh) shareholders plan to raise at least $6 million in equity and structured funding following approval to delist from the Zimbabwe Stock Exchange at an extra-ordinary general meeting held yesterday. This comes on the back of various challenges such as limited capacity to raise equity capital at current valuation and loss…

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Miss Heritage hangs in balance

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HARARE – There appears to be no end in sight to the uncertainty blighting the Miss Heritage World Pageant that failed to take place last Saturday amid reports that organisers had moved it to tomorrow. Though efforts by the Daily News to get more details on the global pageant from Miss Heritage Zimbabwe proved fruitless,…

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Filmmakers urged to explore online opportunities

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HARARE – Leading African film makers say their Zimbabwean counterparts must embrace technology if they are to win the war against intellectual piracy. Chike Maduegbuna, the Nigerian founder of Afrinolly,  an application that facilitates access to films on mobile phones and Kahenya Kamunyu the chief executive officer at the Able Wireless Company in Kenya, told…

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Comedy fiesta tonight

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HARARE – Zimbabwe’s top comedian Carl Joshua Ncube will team up with the equally-talented Ntando Van Moyo and Q the Boss in a highly anticipated edition of Simuka Comedy set for the Book Café tonight. The show is part of a three-show fiesta organised by Simuka Comedy to celebrate a highly successful year for Zimbabwean…

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Mugabe’s divided house

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HARARE – Warring factions in President Robert Mugabe’s Zanu PF will try to overcome crippling feuds and plot a more coherent strategy at a conference that opens in Chinhoyi this week, officials said yesterday. However, the party’ failure to agree on the contentious outcome of provincial elections mired by charges of ballot fraud has increased…

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Gvt to cancel Gye Nyame agreement

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HARARE – President Robert Mugabe’s government has resolved to cancel the Gye Nyame Resources (GNR) joint venture agreement with William Ato Essien’s company after a series of external audits have exposed the Ghanaian investor’s “irretrivable failure and neglect of his obligations”. Although Mines minister Walter Chidakwa has sidestepped the issue by saying he “awaits a…

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Diamond players demand more say

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HARARE – Diamond players say the country has the potential to earn over $6,5 billion in revenue if all the gems are beneficiated. Lovemore Kurotwi, the chairperson of the Zimbabwe Diamond Technology Centre yesterday said exporting the diamonds in their raw form does not benefit the country. “Zimbabwe is lagging behind in beneficiating its minerals…

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Minister escapes injury in five-car pileup

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HARARE – A Jeep Cherokee carrying David Parirenyatwa, the Health and Child Care minister, was damaged in a pileup yesterday involving four other vehicles in Eastlea in the capital, Harare, witnesses and police officials said. No one suffered any injuries in the accident. Parirenyatwa, who was chauffeur-driven, said: “I am not sure how the accident…

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Woman mulled suicide after Gumbura abuse

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HARARE – Independent End Time Message former congregant yesterday told the court how she contemplated committing suicide after a series of sexual abuses by the church founder Robert Martin Gumbura. The woman (name withheld), who now lives in South Africa, said she had to leave the church after Gumbura kissed and fondled her breasts, before…

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