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Charity work is my passion: Marimo

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HARARE – Denmark-based Zimbabwean musician Jane Marimo’s Training Centres are assisting thousands of young people in rural areas gain computer skills and survival techniques in the obtaining harsh economic conditions. Marimo, who runs Direct Support to Zimbabwe Orphans, a charity organisation, has been involved in philanthropic activities since 2005. The organisation, which is currently based…

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FBCH records $18,1m profit

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HARARE – Financial services group FBC Holdings (FBCH) profit for the year to December 31, 2015 surged 269 percent to $18,1 million from $4,9 million on the back of growth in net interest income and insurance premium. FBCH chief executive John Mushayavanhu told an analysts’ briefing in the capital yesterday that the group’s total income…

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Edgars profits down

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HARARE – Zimbabwe Stock Exchange-listed clothing retailer Edgars Stores (Edgars) says its profits declined to $4 million in the 52 weeks to January 2016 from $5,1 million last year due to depressed demand in the economy. The company’s chief executive, Linda Masterson on Wednesday told analysts that Edgars also experienced a 10 percent decline in…

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Starvation sign of Zanu PF failure

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HARARE – Information this week that over four million people — over a third of the country’s population — are in need of food aid flies in the face of those claiming the chaotic and often violent land reform exercise was a success. Never in the history of Zimbabwe has such a large number of…

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Mujuru courts Team Lacoste

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HARARE – Former Vice President Joice Mujuru’s Zimbabwe People First (ZPF) is open to the idea of working together with disaffected supporters of embattled Vice President Emmerson Mnangagwa, if this will help dislodge President Robert Mugabe and Zanu PF from power in the 2018 national elections. ZPF spokesperson Rugare Gumbo told the Daily News yesterday…

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Judge lashes govt over mines seizure

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HARARE – A High Court judge has lashed the government, saying it should not have unilaterally taken over diamond claims at Chiadzwa, as this amounted to the State taking the law into its own hands. The ruling by Justice Joseph Mafusire yesterday came after Mbada Diamonds’ foreign shareholder, Grandwell Holdings, challenged the government’s recent directive…

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Parly speaker protects Mphoko on hotel stay

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HARARE – There was furore in Parliament yesterday after Speaker of the National Assembly Jacob Mudenda shielded Vice President Phelekezela Mphoko from answering questions about his continued stay in a five-star Harare hotel since 2014 at taxpayers’ expense. Mphoko will this week cloak exactly 15 months since he occupied the Presidential suite in the Rainbow…

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Chicken imports threaten local industry

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HARARE – Zimbabwe’s chicken industry is under threat from cheap imports which are causing a drop in prices, Livestock and Meat Advisory Council chairperson Solomon Zawe said. In a presentation to Parliament on Tuesday, Zawe said since the introduction of the multi-currency regime in 2009, the chicken industry has grown by nearly 500 percent. But…

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Trump presidency rated among top 10 global risks

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NEW YORK – Donald Trump winning the US presidency is considered one of the top 10 risks facing the world, according to the Economist Intelligence Unit. The research firm warns he could disrupt the global economy and heighten political and security risks in the US. However, it does not expect Mr Trump to defeat Hillary…

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Tsvangirai will win 2018 elections, says Mliswa

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HARARE – Former Zanu PF bigwig, Temba Mliswa, has predicted that opposition leader Morgan Tsvangirai will “once again win the 2018 elections” — even if he does not reach an electoral pact with former Vice President Joice Mujuru. At the same time, and with Zanu PF drowning from its seemingly-unstoppable factional and succession wars, Tsvangirai…

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