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Investor let us down, says AfrAsia

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HARARE – AfrAsia Bank Limited (ABL) says its Zimbabwean banking unit, AfrAsia Bank Zimbabwe Limited (ABZL), collapsed after negotiations with an international investor fell through at the last minute. The Mauritius-based group voluntarily surrendered ABZL’s banking licence to the Reserve Bank of Zimbabwe in February, paving way for the bank’s liquidation. James Benoit, ABL’s chief…

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Tobacco merchants secure $824m

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HARARE – Tobacco merchants have mobilised $824 million from offshore sources, in compliance with the central bank Tobacco Finance Order (TFO), Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said. He said about 25 merchants have been registered by the Tobacco Industry and Marketing Board (TIMB), of which 12 large-scale ones have managed to…

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Is Zim cursed?

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HARARE – “When we are sick, we want an uncommon doctor; when we have a construction job to do, we want an uncommon engineer, and when we are at war, we want an uncommon general. It is only when we get into politics that we are satisfied with the common man.” — Herbert Hoover. For…

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Hooliganism: A cancer threatening our game

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HARARE – While football authorities have vowed to impose stiffer and more deterrent penalties to curb the re-emergence of hooliganism, the question is how will they implement these sanctions? The compounding matter is the fact that both the Zifa and the PSL Disciplinary Committee have for years struggled to gain the public confidence in dealing…

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Zim golfers disappoint at SA Amateur Champs

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HARARE – There was carnage for Zimbabwean amateur golfers at the Sanlam South Africa Amateur Championship in Silver Lakes Golf Estate, Pretoria with non-able to make it past the 36-hole Stroke Play Qualifier. Zimbabwe was represented by Stuart Krog and Jack Allard, who had a forgettable but learning curve outing in their effort to assert…

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Bambo’s Buffaloes’ preps hamstrung

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MUTARE – Buffaloes coach Moses Chunga’s preparations for the 2015 Castle Premiership season have suffered a huge knock after he was directed to register only three ‘civilian’ players by the army side. What makes matters worse is the fact the Chunga was only notified of the decision at the weekend with the league set to…

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Mutasa, Gumbo sue Mugabe

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HARARE – Zanu PF’s deadly factionalism, as well as its ugly goings-on and secrets, will soon be laid bare in court after two liberation struggle stalwarts, Didymus Mutasa (pictured) and Rugare Gumbo, filed a High Court application yesterday seeking to nullify the ruling party’s disputed 2014 congress and all its resolutions that emanated therefrom. In…

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Bosnia and Herzegovina cautious of Zim

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HARARE – Zimbabwe’s opponents in the 2015 Euro-Africa Zone Group II Davis Cup tie, Bosnia and Herzegovina are cautious ahead of this weekend’s much-anticipated clash at Harare Sports Club. The East European team jetted into the country on Sunday and conducted their first training session at the match venue on Monday. Sanad Hadzimesic, the director…

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Spies arrested at Mujuru farm

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HARARE – As the savage assault on former vice president Joice Mujuru and her perceived allies intensifies and gets dirtier, six people, two of them  suspected to be members of the dreaded secret service, were allegedly caught snooping at her Beatrice farm last Friday. The Daily News was told by several sources yesterday that the…

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What’s your team culture?

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HARARE – Culture is one of the most essential yet overlooked aspects of building a championship program. You can be an absolute genius with coaching the skills and drills but if you don’t have a positive and productive culture, you’re in trouble. Unfortunately, many coaches don’t realise the full impact of their culture until it’s…

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