HARARE – Controversial radio, stage and screen actor Clifford Makonese, 34 popularly known as Spugah Dhibhura has seen it all in radio and stage drama dating back to 1999. Since 1999, Dhibhura has featured in more than 16 radio programmes on the former Radio 2 now known as Radio Zimbabwe. Some of the popular programmes…
HARARE – South Africa-based Zimdancehall artiste King Labash’s recently-released video titled Zvakumberi has made the grade on Trace TV. Labash’s marketing manager, Hillary Punchline Mutake, told the Daily News that the video’s success “is a fitting reward to the investment made in the project”. “The video was shot in South Africa and was sponsored by…
HARARE – BancABC Zimbabwe’s parent company, Atlas Mara Plc (Atlas Mara), is likely to emerge as the front runner to acquire Barclays Plc African assets. This comes as the British bank this week indicated its intention to sell down its 62,3 percent interest in Barclays Africa Group and its shareholding in Egypt and Zimbabwean units…
HARARE – International technology giant Microsoft says it is committed to assist Zimbabwean small and medium enterprises and entrepreneurs with a cloud-based portal that offers various tools for business growth. The company’s director, Rotimi Olumide, recently told delegates in Harare that Microsoft was willing to allow Zimbabwean businesspeople to use its systems for free as…
HARARE – The government’s debt has ballooned to $1,4 billion at the end of 2015 in a clear sign of the President Robert Mugabe administration’s failure to curb excessive spending. In its first quarter 2016 analysis of the Zimbabwean economy, South Africa-based NKC African Economics (NKC) said the central bank holdings of government debt increased…
HARARE – Zimbabwe Stock Exchange-listed diversified group Art Corporation (Art) says its restructuring exercise has started paying dividends after the company recorded growth in turnover and sales volumes in four months to January this year. Art chief executive Tapiwa Ameer told shareholders at an annual general meeting last week that the company recorded an eight…
HARARE – President Robert Mugabe’s government is only left with a few days before it settled its $1,8 billion debt owed to multilateral institutions and we are all waiting — with bated breath — if the cash-strapped administration will default again on its promises.History has shown that Zimbabwe defaulted on its International Monetary Fund (IMF)…
HARARE – Morgan Tsvangirai’s MDC will be the biggest loser from the launch of Joice Mujuru’s Zimbabwe People First (ZPF), Zanu PF secretary for legal affairs Patrick Chinamasa has claimed. Responding to questions without notice time in the National Assembly yesterday, Chinamasa said Zanu PF was not losing sleep over the formation of ZPF. “Yes,…
HARARE – Shamva Primary School headmaster Edson Chuwe has been dragged before the courts after allegedly posting “obscene cartoons” of President Robert Mugabe on his Facebook page. The 42-year-old headmaster, who is accused of undermining the authority of the president, is jointly charged with Edna Garwe, 45, the school’s typist, and Leman Pwanyiwa, 33, who…
MUTARE – Zimbabwe’s high tax regime is spooking the $7,4 billion informal sector from formalising their businesses, shutting out government from accessing up to 5,7 million small-to-medium scale enterprises (SME). This was said by consulting economist Gift Mugano on Tuesday at an SME formalisation strategy consultative meeting at a local hotel. Mugano said, currently, government…
