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Politicians must stop abusing children

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HARARE – As political parties intensify their campaigns ahead of the 2018 general elections, they must restrain their members from force-marching schoolchildren to their gatherings. The governing Zanu PF party is notorious for closing schools on days they have rallies in particular constituencies, with schoolchildren losing valuable learning time as they are ordered to attend…

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Barclays deal to boost FMB Botswana unit

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HARARE – First Merchant Bank Limited (FMB)’s Botswana unit, Capital Bank, said the acquisition of Barclays Bank Zimbabwe (BBZ) will boost trade and investment in southern Africa. This was after Barclays Plc last week announced it was selling 42,68 percent of its 67,68 percent shareholding in BBZ with an additional 15 percent of shares being…

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Tough times for insurance firms

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HARARE – The Insurance and Pension Commission (Ipec) said it will compel all insurance companies to publish financial statements as part of strategies to promote transparency and increase credibility in the sector. The regulator’s commissioner, Tendai Karonga, yesterday said insurance fraud — estimated to gobble around 30 percent of premium funds annually — had necessitated…

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SecZim to introduce online trading

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HARARE – The Securities and Exchange Commission of Zimbabwe (SecZim) is planning to introduce online trading and reporting of all securities transactions and investments across the entire capital markets in the country. SecZim chief executive Tafadzwa Chinamo said the initiative was aimed at promoting financial inclusion, ease of doing business and securities market development and…

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Old Mutual Custodial Services rebrands

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HARARE – Old Mutual Custodial Services has rebranded to CABS Custodial Services (Private) Limited (CCSL) in an effort to meet international best practices that encourage custodians to operate within a banking institution. CABS managing director Simon Hammond said the new unit will also take advantage of the efficient systems within the bank. [GoogleAd] “While our…

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Tuku collaborates with SA’s Freshlyground

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HARARE – Music superstar Oliver “Tuku” Mtukudzi has collaborated with Freshlyground — the South African Afro-fusion band that was deported by the Zimbabwean government four years ago. The South African group, which was scheduled to officially close the 2014 edition of the Harare International Festival of the Arts (Hifa), was turned away at the airport…

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Tazvida set for Mozambique return

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HARARE – Smoko musician Isaac Tazvida, who set up a base in Mozambique a decade ago before returning home last year, will return to Zimbabwe’s Eastern neighbour for two shows later this month. Tazvida, brother to late music star System, who died in 1999, has been invited to perform at that country’s independence gala scheduled…

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Thatha Wena producer to tour USA

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BULAWAYO – Gilmore Tee Moyo the host and producer of Thatha Wena, a new PanAfrican conversational television show is set to travel to the US as one of the 60 young Zimbabweans that were selected to be part of the Mandela Washington Fellowship — Young African Leaders Initiative (Yali). Gilmore, who is known for his…

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Promoter brings musicians together

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BULAWAYO – South Africa-based music promoter Phakama Nkomo has scored a first in bringing musicians from different regions to recording music as part of the initiative to promote unity and togetherness. The Underground Entertainment music promoter better known as PKay in music circles told the Daily News yesterday that his first project was this month…

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Irresistible Rhinos massacre Bosso

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HARARE – Black Rhinos moved into first place on the Castle Lager Premiership log with a well-deserved 3-0 victory over Highlanders yesterday. While the home side’s coach Stanford “Stix” Mutizwa insists they are still fighting against relegation, Chauya Chipembere can mount a serious title challenge judging by yesterday’s performance. Forward Lot Chiwunga showcased his killer…

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