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FBC Bank receives $60m loan

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HARARE – Standard Chartered Zimbabwe (StanChart), Germany-based Commerzbank Aktiengesellschaft and Investec Asset Management Proprietary Limited have concluded a $60 million three-year syndicated term loan facility for FBC Bank Limited (FBC). The syndication is significant in that the funds will introduce valuable liquidity into the market, as well as enable FBC to support strategic growth sectors…

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Thanks for the entertainment

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HARARE – A good game of One Day International cricket was desperately wanted by the crowd who went to watch yesterday’s encounter between South Africa and Australia, and that was exactly what they got. The pitch was a tad greener than the low, slow and dry pitches Zimbabwe had been playing their matches on, and…

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Kieran Vincent wins Blake & Chitengwa Trophy

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HARARE – Kieran Vincent emerged as the toast of the Bob Blake and Lewis Chitengwa trophy 2014 on Tuesday at Wingate Golf Club. The St John’s College pupil amassed a gross score win of 144 after the two rounds of the 36 hole tournament. Vincent was five points ahead of second-placed Justin Kersten while Mbongeni…

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Boost for 10 Zim athletes

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HARARE – Sprinter Ngoni Makusha and swimming sensation Kirsty Coventry headline a list of Zimbabwean athletes who will receive financial and technical aid in their bid to qualify for the 2016 Rio Olympic Games. Approximately $250 000 has been allocated for the 10 athletes for the period of September 1, 2014 to August 31, 2016….

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‘Fixing matches was easy’

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HARARE – Self-confessed football match-fixer Wilson Raj Perumal has revealed he found it easy to fix matches involving the Zimbabwe national team after infiltrating the country’s governing body way back in 1997. Previously, it had been thought that the Singapore national started fixing Warriors matches in 2007 when the Asiagate match-fixing scandal was unearthed. However,…

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ZC circus continues

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HARARE – Zimbabwe Cricket (ZC) was the laughing stock of world cricket yesterday after announcing they have suspended seamer, Tinashe Panyangara for the remainder of the on-going tri-series because of “indiscipline”. Panyangara, one of the team’s leading strike bowlers, is understood to have shared with his teammates a video of Australian speedster, Mitchell Johnson bowling…

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Zanu PF factions abuse First Lady

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HARARE – Warring Zanu PF factions are openly abusing President Robert Mugabe’s wife Grace to settle political scores ahead of the decisive December congress, national chairman Simon Khaya Moyo heard yesterday. A meeting of provincial chairpersons at the Zanu PF headquarters resolved to put a lid on the rampant abuse of the First Lady’s name….

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Mangudya speaks on ‘special coins’

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HARARE – Zimbabwe is set to introduce a new regime of “special coins” indexed at par with the United States coins by December, the Reserve Bank of Zimbabwe clarified yesterday. The coins, which are being imported, will be introduced as a medium of exchange and are aimed at augmenting currencies in circulation especially in change….

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‘Screen truck drivers from DRC for Ebola’

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HARARE – Legislators fear truck drivers plying the Zimbabwe-DRC route may bring the dreaded Ebola virus here. Lawmakers yesterday  grilled  Health and Child Care minister David Parirenyatwa  on  the measures government was  taking  to  curb the  import of the Ebola virus from the DRC. MDC  legislator Ruth Labode, who is also a medical  doctor, asked…

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Trial date for Vapositori set

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HARARE – The Harare Magistrates’ Court has set September 15 as the trial date for 37 members of Madzibaba Ishamea Mufani’s Johanne Masowe apostolic sect, accused of assaulting police officers. Some of the 37 include Emmanuel Sigauke, 37, Laston Marandure, 23, John Murahwa, 36, Taurayi Supiya, 36, Shadreck Mashonganyika, 25, Robert Paradzayi, 35, Tafa Chakwara,…

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