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Investors seek clarity on indigenisation

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HARARE – Foreign investors are seeking clarity on Zimbabwe’s indigenisation policy before committing their capital, financial advisory firm Imara Edwards Securities (Imara) said. This comes on the back of conflicting reports on government’s position concerning implementation of the law — compelling foreigners to cede 51 percent shareholding to locals. Some reports said government planned to…

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Econet partners European firm

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HARARE – Econet Wireless (Econet) — Zimbabwe’s largest mobile network operator — has partnered Europe-based money transfer firm WorldRemit to launch a cash remittance service expected to earn about $600 million annually. Darlington Mandivenga, Econet Services chief executive, said the service, EcoCash Diaspora, will function in the 34 countries that WorldRemit is currently operating. “This…

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Satan is okay

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HARARE – Controversial dancer Beverly Sibanda claimed during a heated exchange with Star FM Radio listeners on Tuesday night that she had no problem with Satan. After being attacked left, right and centre during the phone-in programme by listeners who described her dancing career as immoral, Bev lost her temper and praised the devil as…

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Ammara attacks TV show

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HARARE – Rising musician Ammara Brown has hit out at the producers of Zim Punk’d, a ZBC-TV programme that pokes fun at celebrities, for allegedly lying to her that they had secured help for cancer patient Sandra Chimanga. Ammara, daughter of late legendary guitarist and vocalist Andy Brown, tore into the producers of the satirical…

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Congo, Rwanda ‘in border clashes’

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KINSHASA – Rwandan forces and troops from DR Congo are fighting each other on their shared border, the Congolese information minister says. Lambert Mende told the BBC the battle began when a unit of Rwandan soldiers crossed over the border and attacked early on Wednesday. After fighting for nearly two hours, the Rwandans kidnapped an…

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People speak on age limit for kombi drivers

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BULAWAYO – Government has announced its intentions to review the Highway Code and raise the minimum age requirement for public transport drivers from the current 25 to 35 years to curb road accidents. The Daily News reporter Letwin Nyambayo took to TM Hyper terminus in Bulawayo to glean public opinion on the move. Macdonald Majaya,…

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Masimirembwa bounces back

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HARARE – Godwills Masimirembwa, the former chairperson of the Zimbabwe Mining Development Corporation (Zmdc), has been appointed chairperson of the Central Mechanical Equipment Department (Cmed) board. Obert Mpofu, the Transport and Infrastructural Development minister, announced yesterday that Masimirembwa would chair the new Cmed board, that also consists of Seymour Mpofu (deputy chair), Chipiwa Pasipamire, Sihle…

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Tsvangirai, Biti talks collapse

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HARARE – Envisaged talks between opposition leader Morgan Tsvangirai and his former secretary-general Tendai Biti, have all but collapsed, with the MDC ruling out ever engaging the rebels. A charge sheet compiled by Biti and company against Tsvangirai has dealt a mortal blow to the talks. Biti has summoned Tsvangirai to appear before his disciplinary…

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Moyo zips it

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HARARE – Jonathan Moyo, the minister of Information, Media, and Broadcasting Services, has remained mum on his Monday meeting with President Robert Mugabe. Moyo yesterday refused to talk to journalists when he toured the Zimbabwe Stock Exchange-listed British American Tobacco (BAT) company in Harare. Journalists were turned away by a ministry official. “I am sorry…

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Con-Court orders fresh Mwonzora trial

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HARARE – MDC spokesperson Douglas Mwonzora is facing a fresh trial following a 2011 political violence case in Nyanga after the Constitutional Court dismissed his application for stay of prosecution. Mwonzora is being charged together with 49 other MDC members, whose names were not given in court, for causing political violence at Chatindo School in…

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