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NMB plans to fund infrastructure projects

HARARE – Zimbabwe Stock Exchange-listed NMB Holdings (NMB) plans to fund infrastructure development, an area the banking group says has significant demand and growth prospects. The group’s chief executive James Mushore said they were targeting essential infrastructure such as roads, and were currently working with the Zimbabwe National Roads Authority. “We have neglected infrastructural spending…

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What action Tsvangirai?

EDITOR — My stomach hurts from laughing at the Daily News headline ‘Lets take action — Tsvangirai’. The Tsvangirai that I know is not really a man of action, he is good with words though. For several years,I have monitored his political career with mixed feelings of humor and curiosity. I have heard him calling…

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Zim bigger than Grace

HARARE – It seems confirmed that President Robert Mugabe is going to boycott the EU-Africa summit set for Brussels, Belgium. Apparently, Mugabe is taking a “principled” stance because some African countries have been excluded from the meeting. South African President Jacob Zuma has also pointed out that the EU should not decide on the composition…

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Ebola outbreak in Guinea

CONACKRY – The Ebola outbreak that has killed 78 people in Guinea is “unprecedented”, a medical charity has said. An official with Medecins Sans Frontieres (MSF) said the spread of the disease across the country made it very difficult to control. The West African state is facing a battle to contain the outbreak after cases…

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Nato to step up pressure on Russia

BRUSSELS – Nato foreign ministers are due to discuss ways to help Ukraine and reassure allies in Eastern Europe, at a meeting in Brussels. It is the first time ministers from the 28 member states of the alliance have convened since Russia’s takeover of Crimea caused a diplomatic crisis. Nato has also bolstered air drills…

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Missing plane search ‘most challenging ever’

PERTH – The search for missing Malaysia Airlines flight MH370 is the “most challenging” ever seen, the man responsible for co-ordinating the search from Australia says. Air Chief Marshal Angus Houston also said that the search for the plane could take weeks. The plane disappeared on 8 March as it was travelling from Kuala Lumpur…

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Arrest Tsvangirai: Zanu PF

HARARE – President Robert Mugabe’s Zanu PF has called for the arrest of opposition leader Morgan Tsvangirai, saying he wants to incite a rebellion against their leader. Zanu PF was reacting to remarks made by Tsvangirai at a rally in Zhombe on Saturday, where the former prime minister said the country, whose economy is on…

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Tomana defends Zanu PF ties

HARARE – Johannes Tomana, Zimbabwe’s prosecutor-general, yesterday said his allegiance to the ruling Zanu PF party does not compromise his professionalism. Reiterating his allegiance to the ruling party, Tomana told a parliamentary portfolio committee on Legal, Justice and Parliamentary Affairs chaired by MDC MP Jessie Majome,  that there was nothing wrong with him supporting a…

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Mutambara files $1m defamation suit against TN

HARARE – Former Deputy Prime Minister Arthur Mutambara has filed a $1 million defamation lawsuit against furniture company TN Harlequin Limited which accused him of failing to pay $87 000 for furniture. In papers filed in the High Court through his lawyers Matsikidze and Mucheche legal practitioners, Mutambara argues that the furniture company maliciously sought…

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Gumbura’s fresh rape trial deferred

HARARE – The trial of jailed Independent End Time Message founder Robert Martin Gumbura in a fresh rape charge has been deferred to April 2. Harare magistrate Fadzai Mtombeni postponed proceedings because Gumbura was not present at court due to logistics problems currently facing Zimbabwe Prison and Correctional Services. The 26-year-old woman failed to appear…

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