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‘Zec should reinstate the special vote’

HARARE – Zimbabwe Election Support Network (Zesn) is concerned by statements attributed to the Chairperson of the Zimbabwe Electoral Commission (Zec) Rita Makarau to the effect that police officers and Zec officials on duty away from their wards will not be able to vote. Makarau was quoted as saying this while addressing senior police officers…

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Water pipe bursts increase

HARARE – Despite an increase in water production at Morton Jaffray (MJ) water treatment works, Harare is still losing the liquid to burst pipes. Harare City Council spokesperson Michael Chideme said MJ had increased water production by 20 megalitres, resulting in some pipes giving in to water pressure. “Because of the improved water production from…

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Govt risks not being taken seriously

HARARE – One of the burning issues on nearly everyone’s lips these days is the high prevalence of roadblocks on the country’s roads. It has become the “new normal” for motorists to go through at least three roadblocks in a stretch of about 10 kilometres, possibly unprecedented in the history of traffic policing. Notwithstanding their…

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Going beyond demands for reforms

HARARE – The 2018 elections are likely to be noxious for the opposition, should the parties fail to be strategic, decisive and resist the compulsion of being driven by emotions rather than rationale. Indications are that there is not likely to be any prerequisite election-related reforms before the polls, which has forced some mainline opposition…

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Dividends trapped in banks

HARARE – While most counters on the Zimbabwe Stock Exchange (ZSE) have been trying to outdo each other in declaring dividends, concern remains over the failure by foreign investors to access their return in light of the liquidity crisis rattling the local economy. Despite the worsening economic conditions, almost half of the bourse’s over 58…

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ZSE bull-run buoys FML

HARARE – First Mutual Holdings (FML)’s investment income in the five months to May 2017 surged from $581 000 to $5,5 million, driven by a rebounding Zimbabwe Stock Exchange (ZSE), a company official said. The financial services group’s chief executive, Douglas Hoto, told shareholders on Wednesday that as a result of the investment income surge,…

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Ipec launches framework for low income earners

HARARE – The Insurance and Pensions Commission (Ipec) yesterday launched Zimbabwe’s maiden Micro-Insurance Regulatory Framework aimed at facilitating the provision of insurance to low income earners. The regulator’s commissioner, Tendai Karonga, said the framework was useful in assisting Zimbabweans to access insurance services and fight poverty. “Last year, the commission presented a draft Micro-Insurance Regulatory…

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StanChart splurges $7m on refurbishment

HARARE – Zimbabwe’s oldest financial institution, Standard Chartered Bank Zimbabwe (StanChart), has spent $6,5 million on a branch refurbishment exercise. The financial services institution’s chairman, Lovemore Manatsa, said the bank has already started sprucing up its branches, as part of its optimisation strategy. The strategy aims at reducing excess space by creating lean and cost…

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I won’t dump local fans: Jah Prayzah

HARARE – Jah Prayzah says the reduction of the shows he is holding in Zimbabwe should not be misconstrued to mean that he has abandoned his local followers. Speaking through his manager Keen Mushapaidze, the Jerusarema hit-maker told the Daily News that his Zimbabweans fans must appreciate that they are now part of a bigger…

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Sulu to collaborate with school kids

HARARE – Choirs from Arundel and Twin Rivers Schools in conjunction with the Heritage Jazz band will collaborate with dendera star Suluman Chimbetu at Reps Theatre today. Dubbed “Salibonani” the event that began on Thursday evening and will end tonight, has also featured jazz songstress Prudence Katomeni –Mbofana, Dance Trust of Zimbabwe and the Repertory…

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