LONDON – A recent study shockingly revealed that Africans have spent over $7 billion on weaves and wigs. Statistics show that out of every 10 women, 7 wear fake hair. Last year, I heard for the first time about Zimbabwe-born natural hair consultant Lani Masuku who is also the chief executive officer Phro Group. At…
HARARE – Meikles Limited (Meikles) says it is proceeding with its $50 million lawsuit against the Zimbabwe Stock Exchange (ZSE) after talks of reconciliation between the two parties reached a deadlock. In an update to shareholders on Thursday, Meikles chairman John Moxon said the company had made efforts to interact and perhaps reconcile with the…
HARARE – Benefit Washaya has been appointed as the substantive chief executive of listed financial services group NMB Zimbabwe Holdings. Washaya, whose appointment is effective from April 1, 2015, has been running the group in an acting capacity since November last year when founder and former chief executive James Mushore resigned due to ill-health. The…
HARARE – One of the founding values and principles listed in section 3 of the new Constitution of Zimbabwe is observance of the principle of separation of powers. Separation of powers between and among three distinct arms of government, that is, the executive (President and cabinet), the legislature (Parliament), and the judiciary (Courts), is a…
HARARE – It is high time Twine Phiri the CAPS United president and his advisors admit that there is a serious problem at the club. Elsewhere in today’s edition, we carry a story which details the Labour Court judgment in the matter involving CAPS and seven players; Kelvin Bulaji, Dominic Chungwa, Stephen Makatuka, Tendai Samanja,…
HARARE – Malawian Airlines plans to capitalise on the southern African region’s thriving tourism sector by introducing a connecting flight between Lake Malawi and Victoria Falls. Civil Aviation Authority of Zimbabwe (Caaz) board member George Manyaya said introduction of connecting flights between Victoria Falls and Lake Malawi will help increase trade between the two countries….
HARARE – Zimbabwe’s gold production went up by nearly 20 percent from 926,79 kg in January 2014 to 1 111,62 kg in January this year, statistics from the Africa Development Bank (AfDB) shows. In its monthly economic review for Zimbabwe, the AfDB said deliveries by primary producers increased by 3,09 percent from 784,28 kg in…
HARARE – Money makes the world go round. But it is the politicians who control the world. They can lie. Yet some can amaze you with a tenacious grasp of the truth. People who claim to know them inside-out claim to know what makes them tick is a talent. But others may possess the same,…
HARARE – Zimbabwe has the capacity to turn around its $2,2 billion trade deficit with South Africa if the country starts producing more goods, economic analysts say. This comes after President Robert Mugabe on Wednesday told the media that Zimbabwe “will never” balance its trade with South Africa due to geographical and demographic differences between…
HARARE – President Robert Mugabe on Wednesday displayed his lack of confidence in the economy, which he presided over its demise, when he told the media that Zimbabwe will never equal the growth and scope of the South African economy. “South Africa is more developed than Zimbabwe and is far larger than Zimbabwe. The balance…
