HARARE – International fast-food retail giant KFC is planning to open more branches in Zimbabwe, in a development that will result in employment creation in the country. Bruce Layzell, general manager of New African Markets for the Yum Restaurants International — a subsidiary of KFC — said the company’s vision was to be accessible to…
HARARE – Listed short-term insurer NicozDiamond Insurance Limited (NicozDiamond)’s Mozambique unit weighed down the company’s profits in the half year to June. Albert Nduna, the group chairperson said Diamond Seguros had not performed well for the period under review. “A significant portion of the loss came from Diamond Seguros Mozambique, in line with expectations, as…
HARARE – Zimbabwe Power Company (ZPC) is seeking regulatory approval from the Zimbabwe Energy Regulatory Authority (Zera) to sell 80 megawatts (MW) to large electricity consumers. The initiative is part of efforts to raise additional funds for the $380 million Kariba South expansion plan. “The sale will be done under a power purchase agreement between…
LONDON – President Robert Mugabe gave as one of the reasons for his continued stay in power the desire to leave his party united. It is the assumption then that he had long known that his party was fractured. But his continued stay seems to have only achieved the opposite; the divisions have only worsened….
HARARE – We implore Stanbic Bank and the Zimbabwe Banks and Allied Workers Union (Zibawu) to immediately open negotiations to prevent a national strike initially announced yesterday. Government must engage in similar efforts to try to avert the walk-out that bank workers have planned. Zibawu said Stanbic Bank non-managerial workers have given notice to strike…
HARARE – There is mounting opposition to Grace Mugabe’s nomination as Women’s League secretary as Zanu PF hurtles towards its December elective congress. There is palpable disquiet countrywide against the First Lady, expressed in Harare through attacks on youths said to be backing her. Amid escalating dissent over the fast tracking of the First Lady’s…
HARARE – Moses Juma, the acting Zimbabwe National Roads Administration (Zinara) chief executive, yesterday walked into a firestorm after Parliament grilled him over his agency’s procurement of road rehabilitation equipment, including graders, at “ridiculous prices”. Accompanied by Transport and Infrastructural Development permanent secretary Munesu Munodawafa, the new Zinara boss, was taken to task over the purchase…
HARARE – Zimbabwe Banks and Allied Workers Union (Zibawu) yesterday warned Stanbic Bank of a full blown strike if they did not hike employees’ salaries by 10 percent. Farai Katsande, Zibawu president, spoke on the sidelines of a demonstration by Stanbic workers. The union was calling on Stanbic — a member of South Africa-headquartered Standard…
HARARE – Deep divisions that could further cripple the Morgan Tsvangirai-led MDC and weaken it as an opposition movement have emerged after a camp of bootlickers crafted contentious recommendations aimed at dismantling the influential secretary-general’s post. Morgen Komichi, the party’s deputy chairperson, is heading the constitutional review committee, and introduced the changes on Sunday. Komichi…
BULAWAYO – Criminal Investigations Department (CID) squad boss, George Machinga, is seeking to be discharged from charges of soliciting for a $300 bribe. Machinga’s defence counsel yesterday asked for leave to tender a written application for discharge at the close of the State’s case. Machinga, 44, the officer-in-charge at CID Fraud Section at Cabs Building,…
