HARARE – The Bankers Association of Zimbabwe (Baz) says pressure on the fiscus will continue for the remainder of the year due to anticipated decline in revenues against the backdrop of increasing company closures. Sam Malaba, the Baz president last week told a Confederation of Zimbabwe Industries (CZI) conference in Mutare that the current liquidity…
HARARE – Local companies have been warned to pursue new strategic thrusts and enter new fronts to remain viable in the wake of the current liquidity crisis and policy uncertainty affecting growth and investment. Economic experts say smaller companies need to consolidate operations to improve viability through economies of scale and synergies achieved through common…
HARARE – RM Insurance has rebranded to Old Mutual Insurance Company (Private) Limited as part of efforts to align the firm with its parent company Old Mutual Zimbabwe (Old Mutual). RM Insurance, one of Zimbabwe’s leading short-term insurance companies, insures commercial and industrial businesses, construction and civil engineering works, vehicles, residential structures and personal possessions….
HARARE – Upcoming singer and songwriter, Alfred Nenguwo, announced his arrival on Zimbabwe’s musical landscape with the launch of a video single titled Ndomirira last week at the Sable Lodge in Harare. The video, which was shot at the scenic Domboshava Hills, is a narrative driven by the theme of a couple deeply in love….
HARARE – Exactly a year after the 2013 harmonised elections which were controversially won by Zanu PF, Zimbabweans are now worse off than they were before the polls. Analysts say the much-touted economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), has failed to deliver and remains “academic” and a “pie in the sky”….
HARARE – As top Zanu PF officials continue to throw bricks at each other, the party’s national political commissar, Webster Shamu has spoken out at accusations that his remarks at a party function last week were tantamount to a coup saying he did everything above board. Following Shamu’s reference to party secretary for administration Didymus…
HARARE – First Lady Grace Mugabe’s endorsement to take over the leadership of the Zanu PF Women’s League and the push by Mashonaland provinces for her son Robert Junior to be nominated for an influential position in the party’s National Youth League has raised fears of a political dynasty. The two are wife and son…
HARARE – The Harare City Council (HCC) which is struggling to meet water supply demand needs about $2,9 billion which will be used to set up the local authorities water utility. HCC is currently negotiating with a firm in Singapore, Neoparagon for the funds. Harare deputy mayor Thomas Muzuva last week revealed that the money…
MASVINGO – A joint police and army revenge blitz yesterday left thousands of Chingwizi settlers out in the open while at least 300 were arrested following the violence which saw two police vehicles being burnt on Saturday. The police vehicles were torched in a long-drawn impasse over compensation and the flood victim’s intended relocation to…
HARARE – Zanu PF junior spokesperson Psychology Maziwisa has conceded that his party is struggling to create the so-called 2 million jobs it promised during election time last year. While his party bosses were wining and dining at State House, celebrating last year’s controversial poll victory on Thursday evening, Maziwisa was at the deep end…
