BULAWAYO – US Ambassador to Zimbabwe Bruce Wharton says his embassy will look into the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset) to establish whether it is compatible with its foreign economic policies. Speaking in Bulawayo recently at the US corner located at the Public Library, Wharton admitted that he only read the synopsis…
HARARE – Former Cabinet ministers and legislators who served during the inclusive government era are set to receive pensions, benefits and retrenchment packages. Finance minister Patrick Chinamasa said this on Thursday during the 2014 budget presentation. Pointing to the opposition benches in the National Assembly, Chinamasa said he was aware that the former Cabinet ministers…
HARARE – Listed diversified group Starafrica Corporation Limited (Starafrica)’s losses ballooned to $5,2 million in the half year to September 2013 from $4,8 million incurred in prior comparable period. The group has been trading in the red for the past four years. Its chairperson, Joe Mutizwa, said the company was upgrading its Gold Star Sugar…
HARARE – Distressed paper and stationery maker Art Corporation Limited (Art) is pursuing options to restructure and reduce its $8,4 million debt. “The initiatives include working with our bankers to restructure the current short-term debt into long-term, and reduction in cost of debt,” said the group’s chairperson Passmore Matupire yesterday, adding that they were also…
HARARE – Togo-based Ecobank International (Ecobank)’s local unit Ecobank Zimbabwe Limited (EZL) has increased its branch network to 13 following the opening of two additional outlets in Harare. This comes as the financial group — operating in 33 countries across Africa ? plans to expand its footprint in the country. “The opening of these additional…
HARARE – There have been recent events which have prompted some Zimbabweans to wonder if we are the next African country to be categorised as a “failed state”. A “failed state” is exactly that — a State which is no longer able to qualify as a State: the Central African Republic is the latest. Others…
BULAWAYO – The age-old tradition when Christmas brought palpable excitement among Zimbabweans is gradually losing its twinkle. Tradition had it that this time of the year the second largest city of Bulawayo would go abuzz with the blue and white South African vehicle number plates. Not anymore. Even for the returning Zimbabwean working in South…
HARARE – Highlanders midfield star Peter “Rio” Moyo will only join the Warriors’ preparations for the Chan finals next week after returning from a trial stint in South Africa. Moyo – who rediscovered his form towards the end of the 2013 season, was included in coach Ian Gorowa’s provisional squad for the tournament – to…
MOSCOW – Former tycoon Mikhail Khodorkovsky is due to be released from jail following a pardon from Russian President Vladimir Putin, officials say. Mr Putin signed a decree earlier pardoning Khodorkovsky on the basis of “the principles of humanity”. The president said on Thursday that the former oil magnate had asked him for clemency because…
JUBA – US President Barack Obama has warned that South Sudan is on the “precipice” of a civil war, after clashes in the capital Juba spread around the country. He said 45 military personnel had been deployed to South Sudan on Wednesday to protect American citizens and property. At least 500 people are believed to…
