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RBZ extends banks’ capitalisation deadline

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HARARE – The Reserve Bank of Zimbabwe (RBZ) has extended the banks’ capitalisation deadline to December 31, 2020. Presenting her maiden Monetary Policy Statement yesterday, acting central bank governor Charity Dhliwayo said the move had been necessitated by the prevailing liquidity challenges in the economy. “Against the background of attendant challenges in the macro-economic environment…

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Telecel launches mobile money transfer service

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HARARE – Telecel Zimbabwe Private Limited (Telecel) has launched a mobile money transfer platform, Telecash. The service, which has been integrated with ZimSwitch to enable connection with banks, allows subscribers to transact across all networks. “Telecash in particular offers banking services to people with no previous access to banking and financial services, especially those in…

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Triangle pumps 3m ethanol litres

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HARARE – Triangle Limited (Triangle) has stepped in with a three million-plus litres of ethanol supply — through government’s local blenders and partners — to avert possible fuel supply disruptions caused by problems at the preferred distributor, businessdaily can reveal. This comes as the country’s sole licensed supplier and Billy Rautenbach’s Green Fuel (GF) has…

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Magacha, Zhakata in gospel duet

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HARARE – Gospel musician Sabastian Magacha and award-winning Zora star Leonard Zhakata have converted the latter’s hit Gomba Remarara into a gospel song called Kwekuturira. Interestingly, Magacha, who recently returned from a North American tour, did the lead vocals on the remixed song set to be released tomorrow with Zhakata supplying the backing vocals. The…

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Majaivana’s son dreams big

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KWEKWE – Randal Majaivana, son to self-exiled Zimbabwe music legend Lovemore Majaivana, believes it is now time to revive his father’s music legacy. The Kwekwe-based Randal, 26, who has recorded two albums to date, was sired out of wedlock by the United States of America-based Majaivana with Jennifer Robson. The upcoming musician has joined Derrick…

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Govt slashes ZBC salaries

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HARARE – Government will slash the salaries of Zimbabwe Broadcasting Corporation (ZBC)  employees, because the wage bill was unsustainable, a top government official said yesterday. Salaries for all employees at the State-run broadcaster will immediately revert back to those approved by the ZBC Board in 2010, Information, Media and Broadcasting Services minister Jonathan Moyo told…

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Madhuku’s NCA ship sinking

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HARARE – Lovemore Madhuku’s ship is sinking before it could navigate the tumultuous waters of Zimbabwean politics. Nursing bruises from the by-election drubbing at the hands of Zanu PF, National Constituency Assembly (NCA) has been hit by desertions of key members. Information director Blessing Vava and Takura Zhangazha left the party early this week citing…

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Gumbura’s secretary explains porn material

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HARARE – Independent End Time Message Founder Robert Martin Gumbura’s secretary Tendai Ganyani kept pornographic material for fun and future use, a magistrate has heard. Ganyani is facing charges of  possession of pornographic material after detectives reportedly recovered two pornographic magazines, 16 DVDs and over 50 nude pictures in her office at Gumbura’s residence. She…

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‘God told me to take Bev off stripping’

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HARARE – Our reporter Vasco Chaya (VC) talks to Prophet Walter Magaya of Prophetic Healing and Deliverance Ministries. Find below excerpts of the interview. VC: Prophet you have taken a number of strippers including Beverly Sibanda off night clubs and you are empowering them with different lucrative projects, including opening shops for them. How did…

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Taxi drivers protest killing

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HARARE – Taxi drivers took matters into their own hands yesterday, bringing traffic to a standstill in Harare, as they protested the killing of a fellow cabman, allegedly by municipal police officers. Sick and tired of the heavy handedness of the law enforcement agents, the angry demonstrators took to the wheel, cruising around the capital’s…

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