HARARE – NMB Holdings Zimbabwe Limited (NMBZ) plans to raise $14,8 million fresh capital to ensure compliance of its banking unit NMB Bank Limited (NMB Bank) with the Reserve Bank of Zimbabwe (RBZ)’s new minimum capital requirements. The funds will be raised through the placement — to strategic foreign investors — of 103 714 287…
HARARE – Judge President George Chiweshe is today expected to rule on the urgency of an application by President Robert Mugabe that the inclusive government has no money to run by-elections and that a general election was within six months anyway. Zimbabwe’s highest court, the Supreme Court, in August gave Mugabe an October 1 deadline…
HARARE – Former Zimbabwe pace bowler and ex-national side assistant coach Douglas Hondo is picking up the pieces of his injury-affected playing career in New Zealand’s domestic cricket at the age of 33. Hondo, who played nine Tests and 56 ODIs for Zimbabwe, turns out for Hawera United in the Taranaki premier grade cricket league…
HARARE – Media Institute of Southern Africa (Misa) Zimbabwe has expressed concern at the escalating harassment of journalists as election talk gathers momentum. Addressing journalists attending a one-day Misa workshop on election reporting and ethics in Bulawayo last week, Misa senior programmes officer Nyasha Nyakunu said the organisation was worried about the latest attack on…
HARARE – A former human resources systems operator has been arraigned before the courts for allegedly defrauding the Grain Marketing Board (GMB) of more than $45 000. Collen Magadaire, 30, would allegedly access funds from GMB ostensibly to pay ghost workers and then deposit the salaries into his and his wife’s bank accounts. It is…
HARARE – After watching his team strugge on set-pieces against Black Rhinos yesterday, Dynamos coach Calisto Pasuwa feels it’s now a cause of concern before their African Champions League return leg against Tunisian side CA Bizertin. The Glamour Boys were held to a 1-1 draw by a determined Black Rhinos side in a friendly match…
HARARE – Tobacco and alcohol consumers must brace for a price hike as government moves to fund student grants through taxes on beer and cigarettes, the Finance minister said yesterday. Tendai Biti said a new pricing policy is going to be used to reduce the damage caused by tobacco and alcohol. He then hiked excise…
HARARE – Zimbabwe gospel music legend Machanic Manyeruke believes his son Guspy Warrior is just using dancehall reggae as a stepping stone to gospel music. The 71-year-old star, who has lined up a collaboration with his son on a gospel song, is convinced that his son’s strong Christian background will eventually prevail. “Emmanuel (Guspy Warrior’s…
HARARE – FC Augsburg coach, Markus Weinzerl, is not amused over indiscipline of some players in the team. The latest casualty of the stern handling of Weinzerl are Zimbabwean Knowledge Musona and Gambian Dawda Bah. They were suspended for coming late to training in their current base in Belek, Turkey. Weinzerl told the Augsburger Allgemeine,…
HARARE – The International Crisis Group (ICG), a Brussels-based think-tank run by retired statesmen, says Sadc has failed Zimbabwe. The conflict monitoring and resolution group said in its latest bulletin that Sadc, the guarantor of Zimbabwe’s troubled inclusive administration, has failed to enforce implementation of the power-sharing global political agreement (GPA) that it brokered in…
