HARARE – ZB Financial Holdings (ZB) has returned to profitability after posted a $4,1 million after tax profit in the first half of 2015 from loss of $2,5 million in the same period last year on the back of relentless implementation of cost management. The group’s chief executive Ron Mutandagayi told an analysts briefing yesterday…
HARARE – The government of Zimbabwe, in the last couple of years, has fuelled the ongoing economic malaise by implementing unsound policies and failing to resolve an acute and protracted accommodation crisis in institutions of higher learning. Unfortunately, this has affected female students more than their male counterparts. The girl child is vulnerable, that is…
HARARE – President Robert Mugabe on Tuesday wasted a golden opportunity to pronounce key economic policies when he presented his State-of-the-Nation Address in Parliament that was long on rhetoric and short on solutions to a plethora of challenges affecting the economy. To say Zimbabwe is a pale shadow of its former self would be an…
HARARE – President Robert Mugabe has accepted confidence-building measures offered by the United Kingdom (UK) to improve diplomatic relations, including increasing the number of students sent on the Chevening Scholarship. British ambassador to Zimbabwe Catriona Laing told delegates at a send-off ceremony of recipients of the Chevening Scholarships yesterday: “When I presented my credentials to…
HARARE – With emotions boiling anew over the disputed circumstances surrounding the death of liberation struggle icon General Solomon Mujuru in a mysterious fire at his Beatrice farm in 2011, as well as the post-congress Zanu PF’s continued desecration of his name, his family says they are determined to find and nail his killers. Speaking…
HARARE – Home Affairs minister Ignatius Chombo and his deputy Ziyambi Ziyambi have been named in a damning long-awaited government report as being among those suspected of planning and financing by-election violence in Hurungwe West, where villagers were viciously tortured. If recommendations in the report are enforced, Chombo and Ziyambi face trial at the local…
HARARE – Zimbabwe’s food crisis is deepening rapidly, the United Nations World Food Programme warned this week, as President Robert Mugabe claimed in his state-of-the-nation address that farmers did better than what had been estimated. The grim WFP report comes just a day after Mugabe on Tuesday told a joint sitting of Parliament that government…
HARARE – A Zimbabwean online fashion store going by the name Zedlabel has been created with the objective promoting local fashion designers and the development of the Zimbabwean fashion industry. The online fashion store, founded by Mellisa Mazingi last year in August, has lined up several initiatives. The Zedlabel founder is confident that their initiatives…
HARARE – Government wants to legalise hundreds of thousands of small-scale miners, colloquially known as makorokoza, who scrape out tiny amounts of gold from abandoned mine shafts using dangerous and polluting techniques. This emerged in Masvingo last weekend at a national dialogue conference on artisinal miners, sugar cane cutters and farm workers organised by leading…
HARARE – Zimbabwe’s economy is squirming following the recent devaluation of the Chinese yuan and the declining South African rand, putting a dent on the country’s economic revival hopes, market experts say. This comes as the country — which ditched its own currency in 2009 in favour of a multiple currency system encompassing the United…
