WASHINGTON – US President Barack Obama has hailed a new emerging Africa, on the last day of a summit in Washington DC with 40 African leaders. Wednesday’s talks covered security concerns and corruption – two areas the US administration says are holding back growth and investment in Africa. US firms pledged $37bn (£33bn) in investment…
PRETORIA – The main prosecutor in the trial of Oscar Pistorius has argued that the South African athlete cannot avoid a conviction for murdering his girlfriend. Gerrie Nel accused the athlete of being a “deceitful witness” who told the court a “snowball of lies”. Mr Pistorius denies murdering his girlfriend Reeva Steenkamp. He says he…
EDITOR — I express my support for former Miss Malaika, Brita Masalethulini, for coming out in the open about the abuse by her ex. It takes a lot of courage for a woman to do that especially when the ex is denying abusing Brita and shifting the blame on her. You did well Brita and…
HARARE – Recent revelations by Industry minister Mike Bimha that President Robert Mugabe has sanctioned a sector-by-sector analysis on the state of industry in the country are not only shocking to say the least but an embarrassment to the nation. Day after day, we are bombarded by news of company closures, with a few remaining…
HARARE – Impala Platinum Holdings (Implats)’ Zimbabwean unit Zimplats says it will not borrow to bankroll the resuscitation of its collapsed Bimha Mine (Bimha), but use internal funds. In mid-July, Bimha — the largest of Zimplats’ four mines — collapsed, affecting nearly 50 percent of the mine’s current mining footprint. Zimplats, Zimbabwe’s largest platinum producer,…
HARARE – The Reserve Bank of Zimbabwe (RBZ) says the country will soon emerge out of deflation due to an increase in broad money supply into the economy. Statistics from the apex bank show that annual growth in broad money increased by 12,65 percent in June 2014 to $4 323,6 million from $3 838,2 million…
HARARE – Atlas Mara Co-Nvest Limited (Atlas Mara)’s acquisition of banking group ABC Holdings (ABCH) is nearing completion, with the minimum threshold for the voluntary public offer for shares in African Development Corporation (ADC) having been satisfied. A total 9 010 130 ADC shares, representing 95,17 percent of its current share capital, have been tendered….
HARARE – Dendera musician Suluman Chimbetu is set to share the stage with high riding Ninja President Winky D on Saturday at the Private Lounge in Harare. The event promoter, Biggie Chinoperekwei told the Daily News that the potentially explosive concert is one of a kind. “The gig is meant to cater for both dancehall…
HARARE – Dennis Rusoso, who played the role of Mayaya in the community theatre Sabhuku Vharazipi 2, is starring in a new film Mayaya the Seed of Corruption which is set to hit the big screen next month. The screenplay was done by David Dzatsunga, who helped write Sabhuku Vharazipi 2. The film will be…
HARARE – South Africa captain Hashim Amla says the Proteas are not tempted to take the foot off the pedal against lowly Zimbabwe in a one-off Test match which gets underway at Harare Sports Club on Saturday. The world’s best Test team arrived in Harare yesterday and addressed a press conference at their hotel later…
