HARARE – The Zimbabwe Republic Police has effected yet more changes in the force, with senior officers in the Police Protection Unit (PPU) — who were providing security to the Mugabes — being redeployed. This was revealed last week in a police radio announcement. PPU — comprising five sections namely Parliament, relief, diplomats, escorts, and…
HARARE – Harare councillors have proposed to name one of the streets in the CBD after the late opposition MDC founding leader Morgan Tsvangirai. Tsvangirai — who died last month aged 65 after a long battle with colon cancer — is credited for changing the face of Zimbabwean politics after winning against deposed long-ruling Robert…
HARARE – President Emmerson Mnangagwa has promised to dish out free land to churches in a move likely to be seen as a tactic to sway the electorate ahead of the forthcoming general elections. Traditionally, Zanu PF — even during deposed Robert Mugabe’s time — has appealed to churches during election season. Mnangagwa made the…
HARARE – Harare South residents have challenged the decision compelling them to contribute towards the payment of $26 million to CFI Holdings Limited (CFI) as compensation for the company’s land they occupied. They argue that government must pay the amount as compensation to the company. This comes after CFI, a subsidiary company of Crest Breeders…
HARARE – One of the main funders of the National Electoral Reform Agenda (Nera) — a grouping of political parties lobbying for electoral reforms — has broken ranks with the coalition and will go it alone in the 2018 elections. Joseph Makamba Busha, founder of J M Busha Investment Group responsible for managing about R5…
HARARE – Zimbabwe has gazetted the retail price for Diesel 50 (D50) at $1,22 per litre as the country moves to phase out on high sulphur diesel – Diesel 500 (D500) by May 2018. Diesel 50 is a low sulphur diesel that contains 50 parts per million (ppm) sulphur, which is lower than the regular…
HARARE – State-run mobile network operator, NetOne, has appointed former Vodacom executive Lazarus Muchenje as its new chief executive with effect from April 1, 2018. He takes over from Brain Mutandiro, who has been acting since June 2016 after the then CEO Reward Kangai was suspended the previous month for three months as the operator…
HARARE – Listed agricultural manufacturing counter, Zimplow, has declared a $300 000 dividend for the year to December 31, 2017 after embarking on a successful restructuring excursive. This is the firm’s first dividend following three years of turbulence as the firm has been recording losses since 2013. Zimplow company secretary Maxwell Chinorwadza said the 0,13…
HARARE – The central bank is issuing a seven percent per annum savings bond in a move aimed at providing investors with a platform to save and invest in high yielding instruments. According to a statement by the Reserve Bank of Zimbabwe (RBZ), the bond is open to individuals, companies, pension and provident funds, life…
HARARE – The Zimbabwe Stock Exchange (ZSE) faltered as it opened with a total market capitalisation of $8,7 billion after shedding 1,19 percent in the week of March 2, 2018. Indices slipped back into the red on the first day of the new month except for the Mining Index which was constant at 124,91 points….
