HARARE – The listing of microfinance institution GetBucks Zimbabwe (GetBucks) on Friday failed to excite the market after the Zimbabwe Stock Exchange main industrial index lost 1,13 percent to close the week at 109,88 points. The local bourse — on a consistent slump and has lost close to $2,1 billion since the July 31, 2013…
HARARE – Concerns surrounding the structural health of the Kariba Dam have risen following an announcement that the region could be facing a shutdown of its hydroelectric plants, as water levels drop “dangerously” low. Zambian Energy minister Dora Siliya raised the alarm last week when she announced that water levels in the dam had dropped…
HARARE – Zimbabwe’s consumer prices fell by 2,47 percent in December 2015, slightly unchanged from the same rate in November which was at -2,46 percent, statistical agency Zimstats said on Friday. On a month-on-month basis, prices declined by 0,11 percent shedding 0,27 percentage points on November 2015 rate of 0,16 percent. The latest figures come…
HARARE – George Charamba, the permanent secretary in the ministry of Information who doubles up as President Robert Mugabe’s spokesperson has recently gone berserk attacking the country’s private media, particularly the Daily News for writing what he calls negative stories against his godfather — Vice President Emmerson Mnangagwa. We do understand that at times the…
HARARE – The succession clause contained in Zimbabwe’s new Constitution which says the last acting president will temporarily lead the country in the event of an incumbent leader dying or being incapacitated in office is apparently kindling the post-congress Zanu PF’s brutal wars. Zanu PF insiders and analysts who spoke to the Daily News at…
HARARE – Hawkish Information permanent secretary and presidential spokesperson, George Charamba, is under fire in the warring post-congress Zanu PF, with his growing band of ruling party detractors accusing him of being disloyal to President Robert Mugabe. Speaking in interviews with the Daily News yesterday, the critics said Charamba was playing a “flagrantly divisive” role…
HARARE – Buhera South Zanu PF member of Parliament Joseph Chinotimba yesterday made a passionate plea for assistance from the United Family International Church (UFIC) to complete the construction of a clinic in his constituency. This comes after the Emmanuel Makandiwa-led church through its Agape Family Care Charity arm, last December, conducted hundreds of free…
HARARE – Evangelical Fellowship of Zimbabwe president and Faith Ministries senior Pastor, Shingi Munyeza, has raised eyebrows after the shrewd businessman and man of cloth invested in beer outlets and betting shops. Munyeza has been running News Café — an upmarket and elegant bar — in Harare’s posh suburb of Borrowdale and another one in…
HARARE – After harvesting dozens of post-congress Zanu PF officials around the country in the past few weeks, former Vice President Joice Mujuru’s People First is now on a roll, with almost the entire leadership of Simba Makoni’s Mavambo/Kusile/Dawn (MKD) party defecting to the movement on Friday. People First spokesperson Rugare Gumbo confirmed to the…
HARARE – The World Economic Forum (Wef) says emphatically that the majority of Zimbabweans will starve in 2016. In its Global Risks Perception Survey for this year, Wef said the food crisis currently facing the nation would escalate to starvation soon, with people in the rural areas set to be the worst hit. “The Sub-Saharan…
