HARARE – Togo-based Ecobank International (Ecobank) — owners of Ecobank Zimbabwe Limited (EZL) — plans to embark on a capital raising exercise and could also be considering mergers and acquisitions in the financial sector. This comes as EZL recently increased its branch network in Zimbabwe to 13 as part of efforts to expand its footprint…
HARARE – Zimbabwe seeks to re-engage the European and Americas tourism markets as part of efforts to boost depressed tourist receipts. This comes as President Robert Mugabe’s administration had in the early 2000s abandoned the key traditional source markets under a Look East policy, to focus on Asia. However, Europe and the West remain the…
HARARE – President Robert Mugabe’s extraordinarily long stay in power has spawned what someone once called “succession journalism.” He was describing increased media focus over the years on Zanu PF’s power struggles that had resulted in a saturation of stories about Mugabe’s possible successor. The media’s preoccupation with Mugabe’s potential successor is understandable; it is…
JOHANNESBURG – Former Reserve Bank governor Tito Mboweni says he would like to continue taking care of his “expanding portfolio” of investments and responsibilities in the business world rather than return to a role in politics. He resigned from his position as chairman of AngloGold Ashanti on Monday, heightening speculation in business and political circles…
HARARE – Opposition leader Morgan Tsvangirai yesterday said his security personnel frantically shielded deputy treasurer-general Elton Mangoma from attack by rowdy youths, and rushed him to his Highlands house. But Mangoma, who was roughed up and had his shirt torn-off, insisted he was assaulted by troublemakers who were hired by the party. By end of…
HARARE – It is probably easier at the moment to groom a skunk -— that stinky cat-sized mammal that sprays a foul-smelling liquid from its backside when it is threatened by an attacker -— than it is to make sense of the MDC’s current squabbles, their genesis and what the infighting is supposed to achieve….
HARARE – President Robert Mugabe yesterday flew to Singapore for medical check-ups, his spokesperson George Charamba confirmed. Charamba said Mugabe, who turns 90 on Friday, will return on Saturday. “The president has gone to Singapore,” Charamba said. “He is going for the second eye procedure, one rekuright rakaitwa (the right eye was operated on), so…
HARARE – Information minister Jonathan Moyo has fired telecommunications entrepreneur Dennis Magaya as Zimbabwe Broadcasting Corporation (ZBC) chairman – barely 24 hours after appointing the South Africa-based businessman. Magaya was scheduled to head a new board installed to replace the scandal-ridden one led by Cuthbert Dube. “Following the announcement yesterday of Dr Dennis Magaya as…
HARARE – Former Air Zimbabwe (Private) Limited manager and company secretary Grace Nyaradzai Pfumbidzai, facing fraud charges, yesterday claimed that some board members had “falsely raised charges against her to protect their business interests.” Pfumbidzai, 49, is jointly charged with Peter Chikumba, 59, and Innocent Mavhunga, 53. During her bail application yesterday, Pfumbidzai, through her…
HARARE – Pardoned female prisoners at Chikurubi Maximum Prison yesterday showered praises on President Robert Mugabe as they walked out of prison, thanking him for the amnesty. Female prisoners sang songs in praise of Mugabe and danced doing the butt wriggling dance. “Gushungo, Gushungo, Gushungo,” was all that could be heard as the happy female…
