AS UGLY infighting escalates in Zanu PF, the party has ordered a re-run of some of its district elections across the country after these were marred by violence and irregularities. This comes after Zanu PF also recently suspended indefinitely its provincial elections, owing to factional fights — which means that the party is now racing…
LISTED conglomerate Innscor Africa Limited (Innscor) recorded an inflation adjusted revenue of $66,9 billion for the year to June 30, 2021 up from $49,4 billion prior year on the back of volume growth across all businesses. In a statement accompanying the group’s financial results for the period under review, Addington Chinake, Innscor’s chairperson, said profit…
THE late music superstar and national hero Oliver Mtukudzi’s company, Tuku Music and Promotions, has been taken to court on allegations of failing to submit tax returns to the Zimbabwe Revenue Authority (Zimra). The firm and the singer’s daughter, Samantha, who was also charged in her personal capacity, appeared before Harare magistrate Tafadzwa Miti facing…
INFORMATION minister Monica Mutsvangwa has commended the Indian government for providing Zimbabwe with Covid-19 vaccines, which have been instrumental in the fight against the virulent virus. This comes as India donated 75 000 Covid-19 vaccine doses to Zimbabwe in February as the country stepped up efforts to combat the virus. Speaking at the 152nd birthday…
OPPOSITION leader Douglas Mwonzora says he is pushing for opposition unity ahead of the fast-approaching 2023 national elections in line with the prudent spirit of the MDC’s much-loved late founding father, Morgan Tsvangirai. Speaking to the Daily News at the weekend, Mwonzora said it was imperative that opposition parties move away from the politics of acrimony and…
NATIONAL Foods Holdings Limited (Natfoods) says it has taken steps to sharpen accountability at a business unit level in order to become more alert and responsive to the prevailing economic environment. This follows after the group recorded an inflation adjusted profit after tax of $72,4 million for the year to June 30, 2021 from $2,2…
THE MDC Alliance-led Nelson Chamisa says it will take its electoral reforms fight to Sadc amid its claims that the Zimbabwe Electoral Commission (Zec) was sidelining it in its processes ahead of the 2023 elections. This comes as Zec has started engaging stakeholders, including political parties, ahead of the fast approaching 2023 harmonised elections. It…
STEWARD Bank, Zimbabwe’s largest bank by depositors, has recorded a $386 million net profit in historical terms in the full year to February 28, 2021, up from $57 million posted in the previous corresponding period. Courage Mashavave, pictured, the bank’s chief executive officer, said the jump in profit mainly emanated from net interest income, which…
Melisa Chatikobo ZIMBABWE’S milk production has dropped by four percent amid government efforts to ramp up pasture and silage for dairy cattle. Presenting the state of preparedness for the 2021/22 agriculture season at the 9th Annual National Agribusiness Conference held by the Zimbabwe Agricultural Society last week, Agriculture ministry permanent secretary John Bhasera said the…
NEARLY four years after the stunning fall from power of the late former president Robert Mugabe, many of his family members are still struggling to come to terms with how he fell out with the military and ruling Zanu PF bigwigs in his last few years in office. The Daily News On Sunday was told…
