HARARE – Econet Wireless (Econet), Zimbabwe’s largest mobile network operator, recorded a $119 million profit after tax in the year to February 2014. The earnings were 14 percent down from $140 million realised in prior year as voice income remained flat. The telecommunications group, which grew connected subscribers by 780 000 to 8,8 million during…
HARARE – Zimbabwe’s equities market monthly turnover surged to $51,3 million in April 2014 from $28,8 million realised prior month. According to latest statistics from the Zimbabwe Stock Exchange (ZSE), the April turnover is the second-highest after January’s $63,9 million. Market analysts say both months’ turnover were spurred by exclusive special deals in SeedCo’s completion…
HARARE – A litany of warnings from senior executives at listed companies is signalling that Zimbabwe’s economy faces significant mayhem for the next several quarters, with a recovery not likely to kick in anytime soon. The slump has also pushed some companies to retrench, with many saying the prospects of Zimbabwe’s economic revival remain uncertain,…
HARARE – Chinese Prime Minister Li Keqiang is on an African safari, strengthening ties with resource-rich nations but will not come to Zimbabwe. During his African tour, his first since he became the premier of the global powerhouse last year, Keqiang will visit Ethiopia, Kenya, Nigeria and Angola. “I will feel the deep friendship based…
HARARE – Joseph Chinotimba, the Zanu PF MP for Buhera North, has asked the European Union to impose sanctions on Morgan Tsvangirai’s MDC for allegedly beating up a physically challenged man. Chinotimba begged the EU to place Tsvangirai, Nelson Chamisa and Douglas Mwonzora on Western sanctions for allegedly beating up “munhu akaremara” (a physically challenged…
HARARE – Eddie Cross, MDC policy director, says Zimbabwe now has four centres of power divided among the two feuding Zanu PF factions, Morgan Tsvangirai (pictured) and former Central Bank governor Gideon Gono. The legislator for Bulawayo South down played the ongoing strife in the opposition party, dismissing Tendai Biti and his team who have…
HARARE – A couple of curious developments that merit analysis have taken place since the failed leadership putsch within the MDC broke into the open. The first one is that Zanu PF surprisingly appears more aggrieved by Morgan Tsvangirai’s alleged incompetence and dictatorial tendencies as MDC leader than the supposedly affected supporters of the party….
HARARE – Sungura ace Alick Macheso’s estranged wife Tafadzwa Fortunate Mapako has filed a $7 000 maintenance claim against the musician, saying she is ready for paternity tests for their two children. In the maintenance application seen by the Daily News yesterday, Tafadzwa claims Macheso has been neglecting her and the children since December last…
HARARE – A commuter omnibus operator and seven of her employees escaped trial after a soldier who reported kidnap and assault charges withdrew the claims before the Harare Magistrates’ Court. Walter Whatmore Tekwani withdrew the charges last Friday before magistrate Arnold Maburo. He had reported assault and kidnapping charges against Chantelle Mnangagwa, 35, Flint Chamboko,…
HARARE – Following Costa Nhamoinesu’s outstanding feat of winning the Czech Republic league title with his club Sparta Prague – leaving the defender from Masvingo on the verge of playing in the elite Uefa Champions League competition – contrasting stats have emerged about the number and identity of Zimbabwean players who have featured in world…
