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IDBZ awaits Banking Act amendments

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HARARE – The Infrastructure Development Bank of Zimbabwe (IDBZ) says it awaits finalisation of the Banking Act amendments before it can recapitalise in line with Reserve Bank of Zimbabwe requirements. This comes as the institution was placed under the supervision of the central bank beginning this year. Priscillah Mapuranga, IDBZ’s public relations executive, told businessdaily…

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Zim crafts debt repayment plan

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HARARE – Finance minister Patrick Chinamasa says Zimbabwe has come up with a strategy to settle its nearly $10 billion debt, with multilateral lenders being paid first as they are owed the most. The Treasury boss told Britain’s Department for International Development (DFID) permanent secretary Mark Lowcock last week that the strategy was meant to…

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PPC to ramp up production

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HARARE – Cement manufacturer PPC Zimbabwe (PPC)  — a subsidiary of South Africa-based PPC International — plans to more than double production from 600 000 tonnes to 1,4 million tonnes annually following completion of its $75 million Harare plant. Its managing director Njombo Lekula said work at the plant was progressing well and is expected…

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Novices lying to Mugabe: Mutasa

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HARARE – Defiant former confidante to President Robert Mugabe, Didymus Mutasa, has implored the nonagenarian to unshackle himself from the negative influence of Zanu PF “mafikizolos” (Johnny-come-latelies) who he says are misleading the president. Speaking to the Daily News yesterday, Mutasa also warned Mugabe to desist from interfering with the courts and let the judiciary…

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Zanu PF bigwigs threaten orphanage

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HARARE – At least 10 young orphans from Mwenezi District, who were being supported by sacked former minister of State for Masvingo, Kudakwashe Bhasikiti, face a bleak future because Zanu PF hardliners who now control the party want to appropriate the Rutenga house that they are living in. Bhasikiti was fired from the government after…

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Mugabe has right to criticise Mutasa case: Moyo

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HARARE – Information minister and Zanu PF politburo member Jonathan Moyo yesterday said President Robert Mugabe has a right to criticise Didymus Mutasa and Rugare Gumbo’s High Court application challenging the legality of the 2014 Zanu PF congress. Our sister paper, the Daily News on Sunday yesterday published a story in which lawyers attacked Mugabe…

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Tsvangirai’s grand coalition with people

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HARARE – They flocked in their thousands on Saturday to listen to their leader at the Zimbabwe Grounds in Highfield — that ceremonial home of people power. The 20 000 plus crowd was enough testimony — if ever there was need for one — that over the years, the Morgan Tsvangirai brand has carved a…

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Zambian president’s collapse not due to malaria: officials

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LUSAKA – Officials in Zambia said further tests have shown that malaria was not the cause the president’s collapse during a public ceremony over the weekend. A statement on Monday from the Zambian President Edgar Lungu’s assistant, Amos Chanda, said medical tests ruled out a full malaria infection. Lungu was delivering a speech to commemorate…

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Tsvangirai stages huge Harare rally

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HARARE – Thousands of people yesterday turned up for opposition leader Morgan Tsvangirai’s rally at Zimbabwe Grounds in Harare, where the MDC president demanded that President Robert Mugabe resigns as his wife had now allegedly usurped power from him. The surprising massive turnout in Highfield high density suburb put paid to suggestions from the former…

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Lawyers attack Mugabe over Mutasa lawsuit

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HARARE – Legal experts say former Presidential Affairs minister Didymus Mutasa is now unlikely to get a fair court hearing after President Robert Mugabe warned the judiciary on Friday not to entertain his case against Zanu PF and the nonagenarian. Speaking at the official opening of Africa Chrome Fields’ (ACF’s) smelting plant in Zibagwe, Mugabe…

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