VICTORIA FALLS – Industry minister Mike Bimha has conceded that the revival of Ziscosteel might take longer than anticipated due to some complications in the deal. “It’s a very complicated deal,” Bimha told delegates attending the ZNCC annual congress here on Wednesday. “We did something unusual by going out to look for a partner who…
HARARE – Finance minister Patrick Chinamasa says the Zimbabwe Asset Management Company (Zamco) has so far taken nearly $100 million in bad loans from banks to help restore viability in the financial services sector. Zamco — government’s special purpose vehicle to house non-performing loans (NPLs) created in August last year — was established so that…
HARARE – Foreign Direct Investment (FDI) into Zimbabwe increased by 36 percent to $545 million in 2014 from $400 million registered in 2013, according to the latest United National Conference on Trade and Development United Nations (UNCTAD) report. Richard Mbaiwa, Zimbabwe Investment Authority (Zia) chief executive on Wednesday said that the growth in FDI was…
HARARE – The cold-blooded killing of nine African-Americans by a white supremacist, a Rhodesian — to make it really bitter for me — in the United States, reminded me immediately of my upbringing in The Old Bricks, Harare. It also rushed back warm memories of God, in whom I have believed since 1948 when I…
HARARE – While the ultimatum given by government and local authorities for vendors to move off town and city streets expires today, we urge extra caution in order to minimise confrontation and the potential damage to property as well as danger to human lives their forced removal may pose. Regardless of today’s deadline, vendors’ associations…
HARARE – Annie-Grace Mutambu will be crowned Miss World Zimbabwe this afternoon at an event which will be combined with her prize-giving ceremony. This means Mutambu, 19, would compete at this year’s Miss World finals. Mutambu replaces Emily Kachote, 25, who was stripped of her crown for her purported appearance in leaked nude photographs and…
HARARE – There were strong suggestions yesterday that Tuesday’s surprising freezing of voluble Zanu PF politburo member Jonathan Moyo from Cabinet could be a precursor to the long-mooted major executive reshuffle — a prospect that has put many ministers on tenterhooks. Well-placed sources told the Daily News yesterday that the “speed and stealth” with which…
HARARE – Desperate Harare vendors plan to defy a government order compelling them to leave the streets by today after their appeal to insistent authorities against their eviction from the city centre was rejected outright, setting the stage for potentially deadly clashes in the central business district in the coming days. The government has made…
HARARE – Media, Information and Broadcasting Services officials yesterday claimed that Jonathan Moyo, who was booted out of Cabinet by President Robert Mugabe on Tuesday, was still in office even though our news crew did not see him for the three hours we picketed his office yesterday. When the Daily News visited the minister’s office…
HARARE – Zimbabwe’s deepening economic crisis is leading government to consider taxing cash-rich charismatic churches. A set of laws exempts traditional churches and other recognised religious and nonprofit organisations from paying tax in Zimbabwe. But the cash-strapped government is now considering taxation of charismatic churches which draw bumper crowds as a way to raise needed…
