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Engage lenders, IMF urges Zim

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HARARE – The International Monetary Fund (IMF) says Zimbabwe must engage its creditors to arrest economic collapse. Following President Robert Mugabe’s election victory last year, the economy has regressed with investors shunning the country and companies closing shop, among other challenges. The country, saddled by multi-billion dollar debt, is struggling to secure international lines of…

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‘Interbank facility won’t solve liquidity crisis’

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HARARE – THE $100 million interbank loan facility granted to Zimbabwe by the Africa Export and Import Bank (Afrexim Bank) will not solve Zimbabwe’s liquidity challenges, economists say. Analysts said recapitalisation of the Reserve Bank of Zimbabwe (RBZ) by at least $500 million is the way forward. Leading independent economist, Erich Bloch told businessdaily that…

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Harare’s water woes worrisome

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HARARE – Not so long ago, maybe during the early eighties, if one had accurately foretold Zimbabwe’s present reality, quizzical looks would have met that assertion and he would have been taken to the nearest mental asylum for making crazy prophesies. But alas! What was once a rarity has become the norm and the exception…

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Zim comedian keeps America in stitches

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HARARE – Mbare-born Alfred “the Alleycat” Kainga has made a name for himself as a stand-up comedian in the United States of America where he has been based for the past 14 years. The former Prince Edward student, who relishes “making people laugh in Dallas, Texas”, has flourished remarkably since beginning his comic career in…

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SDA in land grab scandal

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HARARE – Influential Seventh Day Adventist Church (SDA) is embroiled in a land row in Mazowe, where they are demanding the removal of villagers to pave way for the construction of their retreat centre. Despite the fact that villagers at Plot 28 Omeath E Farm are the bona fide beneficiaries of the black empowerment land…

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Missing record stalls Gumbura bail hearing

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HARARE – The hearing on jailed Independent End Time Message founder Robert Martin Gumbura’s bail application has been deferred to next Friday, after it emerged that there were missing documents pertaining to a record of proceedings from the magistrates’ court. Gumbura’s lawyer Rekai Maposa said the case had to be moved further to allow her…

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MDC officials apply for removal from remand

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HARARE – Four MDC officials accused of impersonating police officers, contravening the Official Secrets Act and possessing articles for criminal use have applied to be removed from remand on the case. Thabani Mpofu, Felix Matsinde, Warship Dumba and Mehluli Moyo were allegedly found in possession of dockets that could have been used to discredit the…

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Go beyond politics, Moyo urges media

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HARARE – Jonathan Moyo, the minister of Information, Media and Broadcasting Services, has urged the media to depoliticise and move away from the everyday election mode. He said this during the launch of a media accessibility study by the Media Institute of Southern Africa (Misa-Zimbabwe) in Harare, on Thursday evening. Moyo who was guest speaker…

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Chitungwiza town clerk blames graft for town’s woes

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HARARE – George Makunde, the Chitungwiza Town Clerk has issued a clarion call on government to vehemently condemn corruption and impose heavy penalties on those found on the wrong side of the law. Makunde blamed institutionalised corruption, inefficiency, greed and poverty as the main reasons the town has been hogging the limelight for the wrong…

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Promote local artists, Parly urges govt

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HARARE – This week Members of Parliament (MPs) expressed concern at the awarding of a tender to a Korean company for construction of the late the Vice President Joshua Nkomo’s statue. Legislators from the parliamentary portfolio committee on Education, Sports, Arts and Culture grilled Godfrey Mahachi executive director of the National Museums and Monuments of…

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