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Chihuri snubs Parly hearing

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HARARE – Former Zimbabwe Republic Police (ZRP) commissioner-general Augustine Chihuri failed to appear before a parliamentary panel yesterday which was looking into the illegal deployment of police officers and their ruthless conduct in the Chiadzwa diamond fields. The parliamentary portfolio committee on Mines and Energy postponed the hearing. The panel had summoned Chihuri along with…

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Kazungula Bridge spells economic doom for Zim

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HARARE – Economists have warned that the newly-commissioned Kazungula rail road bridge between Zambia and Botswana spells economic doom for Zimbabwe as it would divert business from the country. The bridge bypasses Zimbabwe, meaning trucks from South Africa can now cross via Mafikeng to Botswana and straight to Kazungula, thereby bypassing Zimbabwe. If this alternative…

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Zim family sues Air Namibia for $1m

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HARARE – A Zimbabwean family that was deported after being detained for two days by Air Namibia officials in Windhoek, while in transit to Turkey, has filed a $1 million lawsuit against the airline for the inconvenience suffered. The applicants in the matter are Chenjerai, Fadzai, Rutendo and Tadiwanashe Mawumba and Juliana Magombedze, while the…

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Mugabe makes a fool of himself

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HARARE – It was Mark Twain who said it is always better to keep one’s mouth shut and let people think that you are a fool, than to open it and remove all doubt. Similarly, Jesus cautioned in the Book of Matthew that, “Out of the abundance of the heart the mouth speaks”. And so…

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Mugabe’s bare-knuckled challenge to ED’s legitimacy

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Zimbabwe’s former president Robert Mugabe spent much of his first press conference since being ousted reflecting on the illegality of last November’s “coup d’etat,” and on the personal sense of betrayal that clearly still preoccupies the 94-year-old. But while some Zimbabweans, and historians, may find much to ponder in Mugabe’s enduring sense of victimhood, and…

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Indigenisation law fatal to diamond, platinum sectors

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HARARE – RIOZIM believes lingering concerns over the indigenisation of diamond and platinum mines will be fatal to these respective sub-sectors. Speaking during the tour of Murowa Diamond Mine by the parliamentary portfolio committee on Mines and Energy this week, RioZim chairperson Lovemore Chihota said government needs to be clear on the issue of indigenisation….

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Parly to probe Shabanie Mine over ownership

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HARARE – The parliamentary committee on Energy and Mines will soon summon shareholders of Shabanie Mine to explain the company’s ownership after failing to get convincing answers from the company’s management during a tour of the mine. Shabanie management, led by managing director Steven Nyagura, could not name the other beneficial shareholders in the business…

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Non interest income pushes CABS bottom line up

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HARARE – Local financial retail market heavyweight CABS on Thursday reported a seven percent increase in net surplus for the year ended December 31, 2017, buoyed by an increase in non-interest income. The bank reported a surplus of $42 million representing an increase of 7,3 percent from the $39  million in 2016 following an increase…

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ZCDC honoured

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HARARE – With just over a year into operations, the Zimbabwe Consolidated Diamond Company(Private) Limited (ZCDC) has been awarded the prestigious Company of the Year Award while its chief executive officer Moris Bekezela Mpofu was bestowed the Zimbabwe Top Business Leader of the Year Award for his business acumen. The glamorous event, which was held…

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Andy Muridzo in hit-and-run accident

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HARARE – Musician Andrew Ngwenya popularly known as Andy Muridzo was hauled before the courts yesterday after he was involved in a hit-and-run accident that damaged three cars. Ngwenya, 37, was charged with contravening the Road Traffic Act by not having a driver’s licence and reckless driving when he appeared before Harare magistrate Barbra Mateko….

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