HARARE – Acting National Assembly Speaker Reuben Marumahoko yesterday blocked an opposition motion seeking to have voting on the proposed Constitution of Zimbabwe Amendment (No. 1) Bill taken by secret ballot, as pressure mounted to ditch the proposed controversial amendment. The proposed Bill — seeking to reinstate presidential powers to singularly appoint the Chief Justice…
BULAWAYO – The Bulawayo City Council and vendors are up in arms with the Zimbabwe Prisons and Correctional Services (ZPCS) for illegally selling its farm produce in the Central Business District (CBD). Trucks from the ZPCS have been spotted in the CBD loaded with cabbages and other farm produce which was being hawked directly to…
HARARE – Zimbabwe Broadcasting Corporation (ZBC) has sued its former head of radio services, Christopher Chivinge — fired in November last year — seeking the return of a company motor vehicle and identity card. In the High Court application, ZBC claims that Chivinge is refusing to return the company’s Mazda BT50 and ID. “It is…
YULIN – A controversial dog meat festival has begun in the Chinese city of Yulin, despite earlier reports it had been cancelled or toned down this year. The Lychee and Dog Meat festival takes place annually in Guangxi province. Earlier this year, US campaigners claimed that vendors had been told by authorities not to sell…
PARIS – France’s Justice Minister, François Bayrou, has handed in his resignation hours before President Emmanuel Macron reshuffles his government. Mr Bayrou’s centrist party MoDem has now lost all three posts in Mr Macron’s cabinet within 24 hours. President Macron came to power with a promise to fight political sleaze. MoDem, allied to Mr Macron’s…
HARARE – The fate of Barclays Bank Zimbabwe (BBZ) managing director George Guvamatanga (pictured) is hanging in the balance after his company was recently taken over by Malawi First Merchant Bank (FMB). This comes as the British bank, Barclays Plc, ended its 105-year presence in Zimbabwe by agreeing to sell its controlling stake in BBZ…
HARARE – The National Social Security Authority (Nssa) is moving to consolidate its position in the insurance sector amid indications it wants to merge interests in two Zimbabwe Stock Exchange-listed stalwart insurance counters. Listed short-term insurer NicozDiamond Insurance Limited (NDIL) — in which Nssa holds a 44,85 percent stake — yesterday said the major shareholder…
HARARE – Share price of Econet Wireless Zimbabwe (Econet), the country’s largest telecommunications firm by subscriber base, has jumped by more than 100 percent since it announced its historic $130 million rights issue in January. The company’s stock hit a record high of $0,35 cents yesterday compared to $0,17 cents in February this year. Econet’s…
HARARE – Microfinance institution GetBucks has extended its offer to the public to subscribe to the second series of its $30 million medium-term note programme to next month. The offer, which will see the deposit-taking institution raising $30 million through a bond was supposed to close last Friday but had its closing deadline pushed to…
HARARE – Kwekwe-based gold mine, Gainwell Investments (Gainwell), has lapsed into liquidation due to worsening economic conditions in the country. The miner’s liquidator, Modern Mutumwa, told the businessdaily that the company — which began operations in 2012 — had been pushed out of business by the country’s toughening operating environment, despite firming gold prices and…
