HARARE – Violence reared its ugly head at a musical concert in Chinhoyi on Friday, with scores of fans injured and rushed to hospital. The event — held at Chinhoyi Stadium -— was meant to launch Romeo Gasa’s latest studio project Code 263 in style but it turned out to be a warzone as scores…
HARARE – Zimbabwe has received a massive infrastructure boost after the country last week became the nineteenth member state of the Africa Finance Corporation (AFC) – the continent’s leading infrastructure development finance institution. AFC president and chief executive Andrew Alli said his organisation has already begun the process of exploring, alongside the Infrastructure Development Bank…
HARARE – Zimbabwe Stock Exchange-listed agricultural concern Ariston Holdings is slowly emerging out of the woods after the company posted a $28 500 profit in the half year to March 31, 2018 compared to a $2 million loss recorded in the same period last year. The group’s chief executive, Paul Spear, said the agro-focused institution…
HARARE – Zimbabwe gold producers say the yellow-metal subsector has potential to rake in millions of dollars in export receipts, but requires a lot of capital to recapitalise operations. The southern African country, which is currently battling serious cash shortages due to a high import bill and low exports, resulting in most firms resorting to…
HARARE – The nasty fight for 40 percent of mobile network operator Telecel’s shares, which belong to an empowerment consortium, is getting worse — amid damaging claims and counterclaims by the warring parties. Now, the corporate brawl has sucked in the secretaries of the consortium, Carlton Consultants, a company that is headed by Caston Chikosi….
HARARE – Zimbabwe’s economy could grow by up to 4,5 percent this year, driven by an expected growth in agriculture and mining, Parliament’s Budget Office has said. President Emmerson Mnangagwa, who came to power in November after a de facto military coup that removed long-time leader Robert Mugabe, has promised economic reforms to attract foreign…
HARARE – The United Nations mission in Zimbabwe has claimed President Emmerson Mnangagwa’s ruling government is doing its best to ensure that a mid-year general election is “free and fair.” Bishow Parajuli, UN Resident Co-ordinator for the UN Development Programme (UNDP) in Zimbabwe, said in New York last week that he believed Zimbabwe was prepared…
HARARE – Zimbabwe’s unemployment rate stands at only 6,6 percent of the economically active population of 5,6 million, the official statistics agency has claimed. According to the 2017 Inter-Censal Demographic Survey (ICDS) launched last week by the Zimbabwe Statistics Agency (Zimstat) 93, four percent of the population is employed in one way or the other,…
HARARE – The Zimbabwe Association of Doctors for Human Rights (ZADHR) has condemned deputy Finance and Economic Planning minister Terrence Mukupe’s disturbing denigration of opposition leader Tendai Biti over anti-retroviral (ARVs) drugs. ZADHR said political leaders must be torch bearers in the fight against HIV/Aids and associated stigma and discrimination. Mukupe’s comments, the lobby group…
HARARE – Zimbabwe must walk the talk on reforms to extricate the economy from the rut amid worsening cash shortages, the Parliament Budget Office has said. Government spending and foreign debt are too high and urgently needs structural reform, the bicameral Parliament said, noting that the Zimbabwean economy is facing several challenges including cash crisis,…
