HARARE – Dozens of students were yesterday forced out of Morgan Zintec Teachers College for non-payment of fees. This comes in the wake of a government directive which forbids the expulsion of students over school fees arrears. Efforts to get a comment from the college principal Agnes Dube were fruitless as she failed to return…
BULAWAYO – National People’s Party (NPP) leader Joice Mujuru has admitted that all is not well in her Bulawayo party structures, in a development she attributed to infiltration. Factionalism and tribalism are threatening to tear the party apart. Two factions, one rallying behind Samuel Sipepa Nkomo and the other one backing national executive member Cuthbert…
BULAWAYO – Zimbabwe Tourism Authority (ZTA) chief executive officer Karikoga Keseke has revealed that he has approached Vice President Emmerson Mnangagwa seeking the launch of command tourism. Kaseke told delegates here during the official launch of the 2017 edition of the Sanganai/Hlanganani Tourism Expo last week: “I was talking to the vice president (Emmerson Mnangagwa)…
HARARE – Waste management, especially the collection of garbage in Harare and other towns and cities such as Chitungwiza — as reported in our sister publication, the Daily News on Sunday — has become an issue of major concern. While residents are doing all they can to pay for water and rates, city fathers have been…
HARARE – Zimbabwe’s largest poultry producer, Irvine’s, said it has lost “significant amounts of money” to highly pathogenic H5N8 avian influenza — known as bird flu — which broke out in the country last month. The H5N8 strain has been detected in several countries in Europe, Africa and Asia over the past two years, its…
HARARE – Agriculture-focused financial institution, Agribank, recorded a $1,8 million profit in the five months to May 2017 from $460 203 prior comparable period, buoyed by income from Treasury Bills (TBs), an official said. Agribank chief executive Sam Malaba yesterday told the institution’s shareholders that interest income from capitalisation TBs had contributed $753 014 to…
HARARE – China, which recently announced plans to ban its domestic legal ivory trade, said it is committed to end illegal wildlife trade in Zimbabwe and the world. The Chinese Ambassador to Zimbabwe, Huang Ping, said his government attaches great importance to protecting wildlife species and combatting wildlife crime. “From the strategic height of China’s…
HARARE – Zimbabwean companies are embarking on a share buyback spree in an effort to preserve shareholder value and boost earnings per share. Last week, Zimre Holdings and Pearl Properties announced their intention to embark on share buybacks. Companies buy back their shares for various reasons. They do it when they believe their shares are…
HARARE – The Zimbabwe Stock Exchange (ZSE) has reversed a $3,9 million transaction between African Sun Limited (ASL) and Dawn Properties Limited (DPL) after the two companies flouted listing regulations. This was after ASL and DPL — both subsidiaries of Brainworks Capital Management (Brainworks) — had entered into a transaction wherein a facility from a…
HARARE – Telecel Zimbabwe has launched a $5 million promotion where subscribers stand a chance to win various prizes over a three-month period. The mobile network operator’s communications and branding director, Obert Mandimika, said the promotion was a way of returning value and thanking loyal subscribers through the fun and innovative game. “Telecel is grateful…
