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AfrAsia ‘quarantines’ troubled Zim unit

HARARE – Mauritius-based AfrAsia Bank Limited (AfrAsia) has decided to exclude its troubled subsidiary AfrAsia Zimbabwe Holdings Limited (AZHL) from the group’s consolidated accounts in a move it said will “isolate any additional risks”. This comes as the Zimbabwean financial group is facing viability challenges. Arnaud Lagesse, AfrAsia chairman, said “entities of the group will…

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2015 farming season in limbo

HARARE – Incessant rains that pounded the country last week exacerbated an already difficult situation for Zimbabwe’s 2014/2015 farming season by flooding fields across the country. The season, which began badly for farmers after the Grain Marketing Board (GMB) last year failed to pay farmers on time, has been hurtling from one challenge to another…

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Warring Zanu PF continues to burn

HARARE – With Zanu PF’s factional and succession wars stubbornly refusing to go away, the Daily News has learnt that many perceived sympathisers of former vice president Joice Mujuru are, at least for now, concentrating their efforts on farming as they desperately endeavour to evade the ruling party’s increasingly anarchic politics. This information emerged yesterday…

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Chinotimba invades 300ha farm

HARARE – Self-styled war veteran and Buhera South Zanu PF MP Joseph Chinotimba and his son Edwin have taken over a 300-hectare macadamia-producing farm in Chipinge. The farm, owned by former mining executive Collen Gura, was acquired in 2005 from Vince Cugnet. It currently has 60 hectares under macadamia nuts, 10 hectares under avocado pears…

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Police boot out villagers to make way for Grace

HARARE – Heavily-armed police yesterday descended on Manzou Farm in Mazowe and demolished dozens of houses ostensibly to pave way for First Lady Grace Mugabe. The demolitions got underway despite a court order barring law enforcement agents from removing the farmers. Villagers, who declined to be named fearing victimisation, told the Daily News yesterday that…

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Chombo mired in poll rigging claims

HARARE – Top Zanu PF officials including the party secretary for administration, Ignatius Chombo, have been sucked into an alleged central committee elections rigging scandal that threatens to further divide the ruling party. The Daily News has in its possession a letter addressed to President Robert Mugabe and written by war veterans, detailing how political…

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Toxicology report stalls DJ Munya trial

HARARE – The State is not yet in possession of toxicology and histology reports needed in Munyaradzi Milimo (DJ Munya)’s murder trial, a magistrate heard yesterday. DJ Munya’s trial has been stalled because of a pending histology report which looks at body tissues and organs through the examination of the microscopical architecture. The results are…

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Energy Mutodi fined

HARARE – Businessman-cum-musician Energy Mutodi has been fined $150 for failing to secure a firearm. The colourful musician, who recently sensationally claimed that Vice President Emmerson Mnangagwa could succeed President Mugabe by March, faces a 30-day jail term if he fails to pay the fine. Mutodi pleaded guilty when he appeared before Harare magistrate Victoria…

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Arrests as France hunts gunmen

PARIS – Police in France have made seven arrests as they hunt for two named suspects over the deadly attack in Paris on staff at a satirical magazine. The seven, connected to the two main suspects, were detained in the towns of Reims and Charleville-Mezieres, as well as in the Paris area, police said. Photos…

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When will they ever learn?

HARARE – Zimbabwe Cricket (ZC) yesterday named their 15-man squad for the 2015 addition of the ICC World Cup which will be hosted by Australia and New Zealand in just over a month’s time. After the recent debacle in Bangladesh, nobody knew what to expect as we hold our breaths in anticipation. Events took a…

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