HARARE – Finance minister Patrick Chinamasa has pleaded with Zimbabwe’s external creditors to inject more capital into the country despite a $9,9 billion debt overhang. Chinamasa told journalists on Thursday the cash-strapped southern African country had no capacity to repay its debt due to a worsening economic environment. “We are engaging our creditors with a…
HARARE – The Central African Building Society (CABS) has halted disbursement of youth empowerment loans due to a high default rate. The financial group was granting youths loans to fund projects under a $10 million Kurera-Ukondla Youth Empowerment Fund. “Disbursements were stopped as of May 2014 and will only be resumed after the Trustees come…
HARARE – The Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) has announced a special award category for financial institutions in this year’s Excellence in Corporate Governance Awards. An individual corporate governance award, the Governance Professional of the Year Award, will also be presented for the first time at the awards ceremony, which will…
HARARE – Zimbabwean music legend Oliver Mtukudzi, was conferred with an Honorary Doctorate Degree in Human Letters (DHL) by the International Institute of Philanthropy (IIP) at a function held at the Rainbow Towers Hotel yesterday. The doctorate is Tuku’s third degree. In 2003, he received an Honorary Arts degree from the University of Zimbabwe in…
HARARE – Jamaican dancehall star Kalado has confirmed his first ever Zimbabwean show that will take place at Old Hararians Sports Club in Harare on September 13. In a video released by the show organisers, Digital One International, Kalado promises local dancehall fans a night to remember. “Hello! Saturday the 13th of September at Old…
LONDON – When I was much younger, well before the magical 40 years, my favourite pastime was shopping. I developed habits similar to those of my mother who was a shopaholic in her time, a “good shopaholic” to put it more nicely. My mother was always very attracted to the more expensive pieces of clothing,…
HARARE – Mbira legend Stella Chiweshe will make her final performance in Zimbabwe at the Book Café tonight before flying back to her German base. Ambuya Chiweshe will share the stage with Vibe Culture— the late Chiwoniso Maraire’s backing band which is now under the leadership of Rumbi Tavaziva. Interestingly, the late Chiwoniso, who was…
BELO HORIZONTE – A flyover has collapsed on to vehicles in the Brazilian World Cup host city of Belo Horizonte, killing two people. The concrete and steel bridge, which was under construction, fell on to traffic on a busy highway. A commuter bus was crushed, killing the driver, along with two unoccupied trucks. A body…
ABUJA – A Nigerian man detained in a hospital psychiatric ward because he did not believe in God has been freed, a humanist charity has said. Mubarak Bala was released because of a doctors’ strike which has seen many patients discharged, the International Humanist and Ethical Union (IHEU) said. He was held against his will…
HARARE – Award-winning artist Forbes Mushipe’s well-documented struggles to raise the necessary funds to jointly exhibit at the National Art Gallery, is a clear indication of how the country’s economic problems continue to undermine contemporary art. Mushipe’s woes reflect wider problems afflicting Zimbabwe’s visual arts industry that reached crisis proportions a few years ago when…
