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US pulls Tanzanian aid over vote

WASHINGTON – A US government aid agency has pulled $472m (£331m) of funding for a Tanzanian electricity project after criticising elections in Zanzibar. The Millennium Challenge Corporation (MCC) said the vote “was neither inclusive nor representative”. The October election for president of the semi-autonomous archipelago was cancelled half way through the count. The opposition boycotted…

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Chiyangwa blasts police over gate-takings

HARARE – Zimbabwe Football Association (Zifa) president Philip Chiyangwa last night blasted police after officers demanded payment soon after the Warriors match against Swaziland. By the time of going to print, Zifa chief cashier only identified as Saika was still locked in the cash office at the National Sports Stadium as determined police officers refused…

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Macheso mesmerises Mutare

HARARE – Over Easter holiday, Sungura King Alick Macheso brought the house down with his new album Tsoka Dzerwendo at the The Platinum Bar in Mutare, where hundreds of music fans packed the joint to the rafters. For the first time and true to its registered high selling figures of over 150 000 copies, the…

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I will sell my album for $10: Jeys

BULAWAYO – Afro Jazz musician Jeys Marabini said he will not submit to piracy by selling his album for $1 — instead he is selling it for $10 a copy. Marabini launched his 12-track eighth album, Thula Sana at a well-attended show at Bulawayo Theatre over the weekend. Unlike Sungura ace Alick Macheso who had…

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Act now on reforms — IMF

HARARE – The International Monetary Fund (IMF) says Zimbabwe needs to act now if it is to reverse the deepening economic difficulties. The institution’s head of mission to Zimbabwe Domenico Fanizza said the investment-hungry country needed not wait any longer, but act on its policies. Our senior business reporter Ndakaziva Majaka speaks to Fanizza, who…

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Property sector feels pinch

HARARE – Local property firms say the country’s tough economic conditions are affecting occupancies, knocking rentals, driving voids and in some cases leading to downward reviews of lease agreements. In the past two weeks, Zimbabwe Stock Exchange-listed property groups have revealed that the prevailing economic conditions have also led to a decrease in rental incomes….

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Zamco assumes $14m Metbank debt

HARARE – The Zimbabwe Asset Management Company (Zamco) has assumed about $14 million of Metbank’s debts to regional lenders, as the bank moves to clean its balance sheet. The financial institution’s chairman Wilson Manase yesterday said of the money, $9,3 million had been taken over by the government special purpose vehicle as a result of…

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Mugabe, Zanu PF run out of ideas

EDITOR — Zanu PF has now gone to the extremes. In their quest to cling on to power at all costs, they have now resorted to intolerable actions and activities. In light of this, I believe it is time for the opposition to rally the masses behind them. The opposition preaches the same goals of…

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Gagging MPs ill-advised

HARARE – The recent decision by Zanu PF to gag its legislators from grilling Cabinet ministers in Parliament on national issues is ill-advised as it is meant to cover-up for ministers sleeping on duty. The development will also cow the party’s MPs who will now be forced to avoid joining robust debates initiated by opposition…

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Team Lacoste courts Mujuru

HARARE – As the ugly factional and succession wars devouring President Robert Mugabe’s Zanu PF get uglier and ever more fluid, the party faction rallying behind embattled Vice President Emmerson Mnangagwa’s mooted presidential aspirations is stepping up its efforts to woo supporters of former Vice President Joice Mujuru. Well-placed Team Lacoste (Mnangagwa camp) sources told…

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