HARARE – I have followed singer Fungisai Zvakavapano-Mashavave’s artistic career for years now, from the time she was being produced by fellow singer Elias Musakwa at Ngaavongwe Records. Through the years, her talent has blossomed to superstardom as a gospel singer and she is counted among the finest and consistent singers of that genre. Apart…
HARARE – Stanbic Bank Zimbabwe (Stanbic), a unit of South African Standard Bank, recorded a 15 percent increase in profit to $23,9 million from $ 20,7 million for the year to December 31, 2015 buoyed by a surge in net interest income. In a statement accompanying the group’s financials, Stanbic chairman Stanford Moyo said the…
HARARE – Old Mutual Zimbabwe (OMZ) posted a $13,3 million profit for the year to December 31, 2015 from $10,9 million on the back of a strong performance by the group’s life business. Old Mutual Zimbabwe managing director, Jonas Mushosho, told analysts in the capital on Wednesday that group revenue had recorded a six percent…
HARARE – Microfinance institution GetBucks Zimbabwe (GetBucks) has declared an interim dividend of $500 000 for the six months to December 31, 2015, despite a difficult operating environment. In a statement accompanying the MFI’s financials for its half year, GetBucks company secretary Paul Soko said the dividend was $0,0457 per share in respect of all…
HARARE – As Zanu PF’s seemingly-unstoppable succession wars continue to escalate, the party faction loyal to embattled Vice President Emmerson Mnangagwa is intensifying its fight-back programmes nationally, targeting all perceived supporters of First Lady Grace Mugabe and her Generation 40 (G40) allies. Well-placed Zanu PF sources who spoke to the Daily News yesterday said Team…
HARARE – President Robert Mugabe’s under-pressure government has torched another political storm after it proposed a new primary and secondary schools curriculum that compels children to salute the national flag and recite a pledge of patriotism — in a move which opposition parties have described as “fascist”. While several countries around the world have national…
MUTARE – Factional fighting in Zanu PF yesterday reached new levels when Members of Parliament (MPs) aligned to Team Lacoste, a faction fighting to have Vice President Emmerson Mnangagwa succeed President Robert Mugabe, demanded to know whether the 90-year-old received $50 million which they said was pledged by Chiadzwa diamond miners. Matters boiled over yesterday…
HARARE – Harare and Chitungwiza residents have dragged Local Government minister Saviour Kasukuwere to the High Court, challenging his decision to rescind the city’s town clerk’s appointment within 24 hours of assuming office. Combined Harare Residents Association (CHRA) and Chitungwiza Residents Association (CRA), who are the applicants cited Kasukuwere, the City of Harare and attorney…
HARARE – The house of Zanu PF MP for Harare East, Terrence Mukupe will today go under the hammer as a local bank seeks to recover its debt. Mukupe’s house was attached by the sheriff of the High Court after he failed to settle a debt owed to ZB Bank. “The defendant’s rights and title…
HARARE – Close to 50 civil society organisations last week handed a petition to Parliament demanding the speedy alignment of local government laws with the Constitution and establishment of provincial and metropolitan councils in line with chapter 14 of the new constitution. The organisations, led by Centre for Community Development in Zimbabwe, Chitungwiza Residents Trust,…
