HARARE – Listed properties firm Dawn plans to dispose three of its hotels for a total $18,5 million. The hotels up for sale are Beitbridge Express (BE), three-star Great Zimbabwe Hotel (GZH) and Hwange Safari Lodge (HSL). According to documents, Mauritius-based BTI International (BTI) is the advisor to the transactions, under which Legacy Hotels and…
HARARE – Distressed Industrial Development Corporation of Zimbabwe (IDC) is disposing its 55 percent stake in Amtec Private Limited (Amtec) for an undisclosed sum. This comes after government — the major shareholder in IDC — recently approved the disposal of nine of the parastatal’s subsidiaries as part of a turnaround strategy. Under the plan, IDC…
EDITOR — The fact that Winky D is mature is a subject for another day but that he acted maturely by joining the entourage that visited flood victims at Chingwizi Camp is undisputable. Dancehall artistes are usually regarded as childish and over-ambitious and the only way they can silence critics is through participating in humanitarian…
LONDON – President Mugabe and his Zanu PF party have been bad for foreign investment to this country over the past 14 years. To Mugabe and his party, foreign investment did not seem to matter much. Once land was redistributed, Zimbabwe would be self-sufficient. The discovery of one of the world’s largest deposits of diamonds…
HARARE – On Saturday Zimbabwe joined the rest of the world in celebrating the International Press Freedom day. Zimbabwe, once least ranked on the Reporters Without Borders’ World Press Freedom Index, continues to make steady improvements. The 2014 World Press Freedom Index spotlights the negative impact of conflicts on freedom of information and its protagonists….
HARARE – Opposition leader Morgan Tsvangirai yesterday vowed to continue with his nationwide rallies even after 14 people were injured in a brutal attack in the aftermath of his Epworth rally on Sunday. Tsvangirai was speaking after visiting Tambudzai Kalandi and Florence Motsi, who are admitted at the Avenues Clinic, after being severely assaulted after…
HARARE – Mines minister Walter Chidhakwa yesterday said Zimbabwe would continue to sell its diamonds in Dubai despite the country failing to redeem $30 million from Global Diamond Tenders, a month after the auction. “Dubai isn’t the issue but the facilitators. We have been selling our diamonds there since 2007 and we have never had…
HARARE – Alick Macheso gave his estranged wife Tafadzwa Fortunate Mapako up to the end of business yesterday to furnish him with reasons why she did not pitch up for their children’s DNA tests. This followed doubts raised by the Sungura ace that he might not be the father of their two children. Macheso and…
HARARE – A Harare magistrate has released two MDC activists accused of assaulting suspended deputy treasurer-general Elton Mangoma after the State failed to provide a trial date. Harare magistrate Vakayi Chikwekwe ordered the release of Samson Tumai Nerwande and Paul Gorekore from remand before ordering the State to put its house in order. “There has…
BULAWAYO – The current power tussle in the opposition MDC has become the talk of town, with screaming headlines of suspensions and expulsions surrounding the opposition party. While this has consumed much of the local media space, observers say it is a fortuitous diversion of attention from the prevailing harsh economic conditions faced by the…
