HARARE – Dual-listed financial services group NMB Zimbabwe (NMBZ) will this week play hosts to foreign investors who are expected to inject close to $30 million in the company for on-lending to industry and various sectors of the economy. [GoogleAd] The group’s chief financial officer, Benson Ndachena, told the businessdaily that a delegation of three…
HARARE – The Depositors Protection Corporation (DPC) says it has set in motion the process of paying preferred creditors for Royal and AfrAsia banks. “The AfrAsia draft first interim liquidation and distribution account was finalised and lodged with the Master of the High Court for approval,” DPC chief executive John Chikura said yesterday in an…
HARARE – Ethiopian Airlines is planning further long-haul network expansion this year with new destinations in Asia and North America as it continues with its expansion programme. The company’s out-going country manager Almaz Yigzaw told guests at the airline’s quarterly travel agents’ awards held in Harare last weekend that the airline was on good stead…
HARARE – Sungura ace Alick Macheso cancelled a gig that was scheduled to take place at Moonlight Bar in Mabvuku, Harare on Friday night due to “excessive rainy conditions.” Macheso told the Daily News that the rains and chilly conditions that have engulfed Harare over the past few days forced him to call off the…
HARARE – Nigerian music star Wizkid’s failure to perform at Old Hararians Sports Club on Friday night even though he was in Harare has left the organisers of the ill-fated gig in a quandary. So intense has been the confusion among the organisers of what was supposed to be the internationally-acclaimed Nigerian artiste’s maiden gig…
HARARE – Sungura artistes, Alick Macheso and the Zakaria brothers Nicholas and Zakaria are confident that they will finally do the long-promised collaborative album this year. Despite the fact, Macheso and Zakaria Zakaria quit the Nicholas Zakaria-led Khiama Boys in 1997 to form Orchestra Mberikwazvo, the three sungura musicians insist that they have never had…
HARARE – Financial services group Atlas Mara has secured a $200 million loan facility from an American firm aimed at capacitating its Africa-focused BancABC subsidiaries. According to the agreement signed between Atlas Mara, which acquired 95,8 percent in BancABC’s operations in Botswana, Zimbabwe, Zambia, Mozambique and Tanzania in 2014, and ExWorks African businesses will use…
HARARE – Africa’s largest seed producer Seed Co is seeking close to $4 million aimed at completing its new state-of-the-art laboratory, which has capacity to enhance seed production. The company’s molecular scientist, Meluleki Zikhali, told the businessdaily on Friday that Zimbabwe stands to benefit from the completion of the laboratory. “Genetic purity testing all along…
BULAWAYO – Vice President Phelekezela Mphoko’s political life and much-disputed war credentials are set to come under more scrutiny in the coming weeks and months after Dumiso Dabengwa’s Zapu asserted that the gaffe-prone VP had deserted the war and his comrades during the liberation struggle. Refuting recent State media attempts to “vanish” Mphoko’s war credentials,…
BULAWAYO – Respected Zanu PF elder Cephas Msipa has confirmed what the country’s opposition has always complained bitterly about, that President Robert Mugabe’s ruling party uses violence and other thuggish methods to win elections and to remain in power. Speaking candidly in an exclusive interview with the Daily News yesterday, Msipa — who has been…
