HARARE – Zimbabwe is slowly emerging out of a deflationary phase, amid central bank hopes that an increase in broad money supply into the economy will arrest deflation. Figures released yesterday by the Zimbabwe National Statistics Agency (Zimstat) revealed that annual inflation for the month of July stood at 0,31 percent, gaining 0,39 percentage points…
HARARE – AIM-listed miner African Consolidated Resources (ACR)’s acquisition of Falcon Gold Zimbabwe’s (Falgold) Dalny Mine (Dalny) and associated infrastructure is on course following Falgold shareholders’ approval of the deal. The resolution was passed at an extraordinary general meeting in Bulawayo on Wednesday, and shareholders unanimously voted for the sale of the mine. The deal…
HARARE – Rebranded Cottco Holdings Limited (Cottco) is pinning its revival hopes on the increased cotton production in the country. The agriculture-focused firm, which has been reeling from debts since dollarisation, recently recorded $2, million profit for the year ended March 31, from a loss of $14,9 million last year. Freeman Kembo, the Cottco chairman…
HARARE – Government’s efforts to engage Chinese and South African companies for the setting up of cigarette manufacturing plants will reduce the country’s dependence on raw tobacco exports, analysts say. The southern African country, which recently auctioned 214 million kgs of tobacco, exports more than 90 percent of the golden leaf in its raw form….
HARARE – Amawala, a tantalising collaboration featuring leading Zimbabwean women artistes who include Rute Mbangwa, Edith we Utonga and Tina Watyoka could turn out to be the pick of this year’s Intwasa Festival. The talented trio, who will be backed by some of Zimbabwe’s most accomplished instrumentalists, will perform on September 27, at Large City…
HARARE – The National Arts Council of Zimbabwe (Nacz) says foreign artistes are no longer required to provide police clearances when applying for permits to perform in Zimbabwe. The national arts body said the Department of Immigration revoked police clearances for visiting foreign artists in response to representations from the Nacz. “Nacz is happy to…
HARARE – Hawks in Zanu PF yesterday pushed for party leader President Robert Mugabe to suspend results of the disputed youth league conference elections which saw a faction led by vice President Joice Mujuru thumping her rival, Justice minister Emerson Mnangagwa’s group. Sources told the Daily News late yesterday that the Mnangagwa camp is pushing…
BULAWAYO – Bulawayo magistrate Sibongile Msipa yesterday freed on $50 bail each, nine Dynamos fans accused of murdering a Highlanders supporter after last Saturday’s game pitting the two teams at Barbourfields Stadium. The magistrate blasted police for a shoddy job in investigating the matter. Msipa said this while delivering a bail ruling in the matter…
HARARE – Zanu PF spokesperson, Rugare Gumbo has blasted some senior party members for causing disharmony and factionalism in Zanu PF as the battle to succeed President Robert Mugabe intensifies. In an interview with the Daily News yesterday, Gumbo said, he together with Didymus Mutasa the party secretary for administration, were strong supporters of the…
HARARE – A 28-year-old Waterfalls man who silenced his six-year-old niece with a plate of rice after allegedly raping her will languish in remand prison after he was denied bail by the High Court yesterday. High Court Judge Loice Matanda-Moyo denied Simbarashe Chimhamhiwa bail, after the State said his trial had already commenced at the…
