HARARE – Zimbabwe has the potential to create a billion dollar economy by empowering its entrepreneurs and small to medium enterprises (SMEs), a local firm has said. Global Entrepreneurship Trust Club (GET Club) said SMEs play an important role in the world economy and contribute substantially to income, output and employment. “In Japan SMEs constitutes…
PARIS – Investigators have widened a corruption probe into the French assets of three African ruling families, charging the daughter and son-in-law of Congo’s President Denis Sassou Nguesso, judicial sources told AFP on Sunday. Julienne Sassou Nguesso, 50, and her 53-year-old husband Guy Johnson were placed under investigation this week for “money laundering and misuse…
ABUJA – Nigeria’s sick president Muhammadu Buhari has reportedly released an audio message in which he gives an Eid greeting. Buhari is currently in London where he is receiving treatment for an undisclosed illness. According to This Day, this was the first time in eight weeks that Nigerians have heard his voice after he left…
BULAWAYO – War Veterans minister Tshinga Dube has broken ranks with the tradition in Zanu PF by openly backing former liberation war fighters who are ratcheting up pressure on President Robert Mugabe to name his successor to end the dog-eat-dog infighting ravaging his party over his succession. Dube, who held several high-ranking positions in the…
HARARE – Expensive medical equipment acquired by government for its struggling hospitals has been gathering dust for four years — forcing hundreds of patients to seek private services — because there are no technicians to install them. This was revealed by the Auditor-General (AG) Mildred Chiri in her latest report which has been tabled in…
HARARE – Questions on the House of Assembly’s Order Paper had to be deferred last week after several Cabinet ministers bunked the Question and Answer session, stirring opposition fury. The ministers were said to be tied up at the explosive politburo meeting to decide the fate of Local Government minister Saviour Kasukuwere at the Zanu…
HARARE – State veterinarians are stocking expired drugs, posing a potential risk to animal health, an audit tabled in the National Assembly has revealed. The government internal audit stated that there was a risk that some of the nation’s veterinarians could feed animals the expired antibiotics when sickness strikes as well as expired vaccines as…
HARARE – Zimbabwe’s economy remains fragile with a “precarious” level of public debt during the year to March rising to over $11 billion, the Parliament Budget Office said in its latest report. Zimbabwe’s domestic debt rose 40 percent to $4,3 billion, with external debt standing at $7,5 billion or 53 percent of GDP. Of the…
HARARE – The son of a wealthy preacher and a cattle rancher, Joshua Nkomo, turned his back on a life of privilege to lead a left-wing revolution in Rhodesia that endured for decades and was shaped by his political cunning and keen sense of destiny. Nkomo, who died of cancer on July 1, 1999 at…
HARARE – Zimbabwe National Roads Administration (Zinara) financial director Simon Taranhike has been suspended over a “currency trading scheme” at Infralink (Private) Limited (Infralink) – a joint venture firm with South Africa (SA)’s Group Five set up to manage the Plumtree-Mutare highway project. Albert Mugabe, the roads manager’s chairman, yesterday confirmed the development and said…
