HARARE – Leading micro-financier FMC Finance (FMC) has availed a further $5 million to assist small-scale Zimbabwean farmers in securing inputs and other necessary equipment for the 2016/2017 agricultural season. This comes as the Reserve Bank of Zimbabwe has ordered financial institutions to allocate 20 percent of their loan portfolios to the sector as well…
HARARE – Zimbabwe Stock Exchange-listed hotel group, Rainbow Tourism Group (RTG), has closed its loss-making Beitbridge Hotel due to unsustainable operational costs. The hotelier yesterday said market factors characterised by depressed occupancies, low margins as well as high operating costs had greatly contributed to the decision to wind operations at the hotel, with the termination…
HARARE – Zimbabwe is slowly degenerating into both political and economic chaos due to ill-advised and populist policies being implemented by President Robert Mugabe’s Zanu PF-led government. The chaotic and often violent land reform exercise in the early 2000s completely destroyed the agriculture sector, while Operation Murambatsvina in 2005 not only destroyed houses but also…
HARARE – For some time now, Zimbabweans have been hobnobbing with political elites without telling them the truth about the trajectory they prescribed for the country. Nobody dares say a word about the direction Zanu PF has been dragging the country towards since 1980. If anything, this has been an epic journey towards nowhere. At…
HARARE – Crisis-weary Zimbabweans are in for a rude awakening if the country’s bankers are allowed to go through with their proposal to introduce a $500 weekly cash withdrawal limit. Bankers Association of Zimbabwe immediate past president George Guvamatanga yesterday said because of the worsening cash crisis, there was need for the new $500 weekly…
HARARE – Zimbabwe National Students Union (Zinasu) has asked the private sector to offer students jobs while on vacation to cater for their tuition. This comes as at least 12 000 students have dropped out of tertiary institutions by April this year. Zinasu spokesperson Zivai Mhetu said students were reeling from economic hardships, with parents…
BULAWAYO – Guta Ra Mwari Church leader Joseph Bakuru Tayali has dragged Umguza Rural District Council to the High Court seeking the urgent release of his personal truck which was impounded while allegedly poaching river sand. In his founding affidavit, Tayali argued he was forced to file an urgent application seeking the release of his…
HARARE – The scramble for the Zanu PF presidency has rekindled long-standing ethnic feuds between Karangas and Zezurus that could explode with devastating consequences, businessman and musician-cum-Zanu PF political activist Energy Mutodi has warned. He posted on his Facebook page yesterday that the non-Zezuru ethnic groups were disappointed that after participating in the liberation struggle,…
HARARE – With the country continuing on its precipitous economic decline marked by a biting liquidity crunch, worsening company closures, diabolic job losses, acute cash shortages, soaring basic food prices and looming mass starvation, Zimbabweans are fretting that the horror of 2007/08 has revisited the country. Then, the much-derided Zim dollar began its slaloming run…
HARARE – Avenues Clinic has re-introduced the test tube baby programme to help couples failing to conceive naturally. The test tube baby procedure, also known as in vitro fertilisation (IVF), was stopped in 2000 after its pioneer in Zimbabwe, Tony Robertson, left the country. Now Robertson has relaunched the programme, which in the two decades…
