HARARE – Chimurenga music guru Thomas Mapfumo has lambasted Zimbabwe’s leaders for chasing after personal luxuries and foreign travel while ordinary citizens are not enjoying the basics. In his Independence Day message, Mukanya as he is affectionately known said government should listen to the people’s grievances instead of turning a blind eye on the social,…
HARARE – Veteran gospel musician Pastor Charles Charamba will share the stage with two other pastors from Prophet Emmanuel Makandiwa’s United Family International Church Michel Mahendere and Lawrence Gunda tomorrow at Kingstone House in Harare. The music concert is expected to kick-off at 5:30pm and end at 9:30pm. As usual Charamba will be accompanied by…
HARARE – As the Castle Tankard marks its 54th anniversary this weekend, Delta Beverages — the race’s sponsors — have paid tribute to some of the horses, trainers and jockeys, who have dominated the event over the years. This year, the feature race will be run over the classic distance of 10 furlongs, approximately 2…
HARARE – Dual-listed financial services group NMB Zimbabwe Holdings (NMBZ) is set to secure $37 million in offshore credits earmarked for on-lending to industry and various sectors of the economy, a top company official has said. Newly-appointed NMBZ chief executive Benefit Washaya told businessdaily in an interview yesterday that the Zimbabwe Stock Exchange and London…
HARARE – Beverages manufacturer Delta Corporation (Delta) has warned of lower profits for the full year to March 2015, citing “changes in the sales mix and the deliberate strategies to preserve volumes”. Delta recorded a $104 million profit last year up from $75 million profit registered in 2013. In a trading update released on Tuesday,…
HARARE – Zimbabwean mobile operators’ revenues in 2014 tumbled by 18 percent to $907,3 million from $1,1 billion recorded prior year on the back of a weakening economy and lower disposable incomes. Statistics released yesterday by the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) show that there was also a 11,3 percent decline in…
HARARE – Zimbabwe’s broad money supply declined marginally from $4,34 billion in January to $4,33 in billion February this year, confirming the country’s economic slowdown, statistics from the central bank show. The Reserve Bank of Zimbabwe (RBZ) in its monthly economic review released on Tuesday said on a year-on-year basis, broad money supply registered a…
HARARE – Zimbabwe is entering what the wily former manager of Manchester United Football Club, Alex Ferguson, used to refer to as “squeaky-bum time” when the going got really tough on the pitch — all thanks to President Robert Mugabe’s and Zanu PF’s continuing misrule. That Zimbabwe once again finds itself on the brink politically…
HARARE – Faced with mounting national problems — including a collapsing economy, worsening poverty levels and escalating infighting within the ruling Zanu PF — analysts say the end could be nigh for President Robert Mugabe if he does not move quickly to arrest the rot. These sentiments come as civil service unions who spoke to…
HARARE – No other evidence that government is going through dire financial troubles is starker than its decision to suspend annual bonuses for civil servants for the next three years. It is a landmark reality that exposes government’s failure to rein in on official profligacy and its incomprehensible disconnect between good financial husbandry and failure…
