HARARE – Egyptian airline, Egyptair, has decided to roll back its Zimbabwean operation from next month, adding to woes of a flagging aviation industry, which has been battered by deteriorating economic and political slowdown. The flag carrier of Egypt, which returned to the Zimbabwean skies last year after a nine-year breather, informed the Civil Aviation…
HARARE – Zimbabwe Stock Exchange (ZSE)’s monthly turnover for July declined by 12 percent to $25,22 million while lurching 42 percent lower year-on-year, a recent report by EFE Securities has shown. The equities advisory firm noted that the monthly decline was against a dearth in local demand as the liquidity crunch continues to worsen. Market…
HARARE – Zanu PF is falling apart with the party’s rules being discarded as junior party officials — fronting factional interests — openly tear apart Vice President Joice Mujuru in a desperate bid to discredit her ahead of the party’s elective congress in December. This development comes as it emerges that Mujuru will be challenged…
HARARE – A business consortium believed to be led by popular preacher, Prophet Emmanuel Makandiwa has taken over a gold milling plant in Mutawatawa from a Chinese firm, Ming Chang. Close sources say the plant was acquired for over $1,3 million with the deal financed by a local bank. Prophet Makandiwa’s spokesperson, Prime Kufa could…
HARARE – War veterans have defended Vice President Joice Mujuru, saying she deserved to be the country’s second in command despite reservations from a Zanu PF faction battling to succeed President Robert Mugabe. Jabulani Sibanda, the war veterans leader, told the Daily News at the weekend that Mujuru was overwhelmingly endorsed by the people at…
HARARE – Chitungwiza municipal employees have threatened another crippling industrial action today if their leaders suspended on allegations of leading an illegal strike last month are not immediately reinstated. About six Zimbabwe Urban Council Workers Union (ZUCWU) leaders who include Miriam Chitsa (deputy president), Ephraim Katsina (branch chairperson), Tenson Bamusi (branch secretary), Peter Kapamba, Frank…
HARARE – Love or hate her, Justice Rita Makarau organised and presided over the 2013 elections which brought back President Robert Mugabe to power. It is no mean feat running elections in Zimbabwe where society is so polarised that the opposition accuses her Zimbabwe Electoral Commission (Zec) of assisting Zanu PF to win elections. Before…
HARARE – Government on Friday gazetted a statutory instrument decentralising the country’s mining districts, in a move meant to rationalise operations in the ministry. This comes as Mines and Mining Development deputy minister Fred Moyo recently announced that government had abolished the posts of chief mining commissioner, mining commissioners and assistant mining commissioners in line…
HARARE – Harare mayor Bernard Manyenyeni has said council employees’ outstanding bonus cheques for 2013 should be completely scrapped. Manyenyeni said this during a full council meeting after acting town clerk Josephine Ncube had finished narrating the current salary payment situation. He said the logic of paying bonuses when regular salaries were outstanding was unrealistic….
HARARE – At the end of this month, Aldo Dell’Ariccia, the European Union (EU) ambassador to Zimbabwe bids farewell after “successfully” navigating the stormy waters in which he helped improve relations between Europe and Zimbabwe while angering some within the pro-democracy movement who felt the EU was removing sanctions very fast. Here he speaks to…
