HARARE – Deep-pocketed pensions administrator, National Social Security Authority (Nssa), is pursuing investment opportunities in the mining sector. The statutory body — sitting on a $1,3 billion asset base — is targeting high-value minerals such as lithium and platinum, among others. Zimbabwe has vast reserves of the minerals, with the country hosting the second largest…
HARARE – CABS has applied for a default judgment against former deputy Finance minister and Zanu PF Mutoko South MP David Chapfika in a bid to recover a $366 000 loan that the politician secured using his late brother’s estate. In the application filed on Tuesday last week, CABS cited Chapfika, his company Racewin Trading…
HARARE – Zimbabwe’s oldest healthcare funder, Premier Service Medical Aid Service (Psmas) says its turnaround strategy is now bearing fruit. The group’s managing director, Tendai Kapunha said the healthcare funder, which was established in 1930 and is currently battling legacy debts of up to $300 million, is now on its feet after implementing new policies…
HARARE – Kariba South Power Station Extension project is finally complete with government expecting an additional 300 Megawatts (MW) to go online this weekend, a government official said. Energy ministry permanent secretary Patson Mbiriri said work on the project — which was supposed to have been finished in December 2017 — was now complete. “On…
HARARE – Jaguar’s new five-seat compact SUV will arrive in Zimbabwe in a few weeks’ time after the latest vehicle was launched in South Africa on Monday this week. The five-seat crossover, which is the third car in the company’s move towards SUVs, will join the critically-acclaimed F-Pace and the upcoming all-electric I-Pace. The E-Pace…
HARARE – President Emmerson Mnangagwa says the mandate and strategy of faith community-led economic development movement, World Economic Congress (Wec), aimed at improving people’s lives was crucial for Zimbabwe’s economic growth. Wec presented its economic transformation strategy to the president during his meeting with leaders of churches in Zimbabwe which was attended by more than…
HARARE – Business Fortunate Chisango has been appointed Ecobank Zimbabwe (Ecobank) chairperson. He takes over from David Whatman who stepped down after serving his term in line with the financial group’s corporate governance charter. Chisango comes on board at a time Ecobank is expected to maintain its profit levels after the bank’s post-tax profit increased…
HARARE – Master of song – Oliver Mtukudzi does not intend to seek a court injunction to stop his former publicist from publishing a second tell-all book about his life – but instead says he has no time for “every barking dog”. The celebrated lanky musician was in 2015 miffed by his former publicist —…
HARARE – Miss Albinism beauty pageant which had been derailed by financial woes last year, will finally be held this year at the 1+1 Club at Longchen Plaza next Friday. Pageant organisers told the Daily News yesterday that they are still looking for sponsorship. “So far we have only managed to secure well-wishers to sponsor…
HARARE – Zimbabwe’s biggest colour party continues to attract interest with online tickets to this year’s sprint sold out — six months ahead of schedule. Dubbed “The Zimbabwe Colour Sprint”, this year’s event which would be held in September at Borrowdale Race Course, in Harare, is expected to break attendance records. “The Rainbow Run is…
