© POLICE yesterday banned MDC president Nelson Chamisa’s Hope for the Nation Address (Hona) scheduled for Africa Unity Square in Harare, tomorrow. In a letter written to Chamisa, the police said they feared violence would erupt. “As discussed in a consultation meeting on November 15, 2019 in my office, I am not in a position…
© FORMER Cabinet minister Tshinga Dube is set to launch his book, Quiet Flows The Zambezi at the National Art Gallery here this week. “The book will be officially launched this Friday in Bulawayo and after that we will be working on launching it in Harare soon,” Dube told the Daily News. He, however, said…
© THE Reserve Bank of Zimbabwe (RBZ)’s Monetary Policy Committee (MPC) held its second meeting on Friday and halved the lending rate from 70 percent to 35 percent with effect from tomorrow to marshal resources to fund the productive sector. [GoogleAd] A lending rate or bank policy rate is the yardstick determining all interest rates…
HARARE – Prime Minister Morgan Tsvangirai today locks horns yet again with estranged “wife” Locardia Karimatsenga, who is demanding a whopping $15 000 in maintenance at the civil courts. The PM, whom the courts say is customarily married to the 38-year-old businesswoman, is contesting the case. He married another woman Elizabeth Macheka last week. However,…
HARARE – Indigenisation minister Saviour Kasukuwere has said his bid to win majority control of foreign-owned banks was facing resistance from technocrats linked to Zanu PF. The Zanu PF legislator told a Masvingo gathering at the weekend that a directive to seize control of foreign-owned banks was being stonewalled by technocrats opposed to his localisation…
HARARE – High Court judge Samuel Kudya has freed ZimRights director Okay Machisa who was fighting forgery and fraud charges. Kudya set aside Harare magistrate Tendai Mahwe’s ruling placing Machisa on remand. The ruling followed an application filed by Machisa’s lawyer Beatrice Mtetwa for a review of proceedings. Mtetwa told the High Court that Mahwe…
HARARE – Emerging Asian economic giant South Korea is increasing its presence and contribution to Zimbabwe’s economy, the country’s envoy to Harare has said. Ambassador Lew Kwang-chul said this after paying a courtesy call on the Daily News where he met with senior assistant editor Guthrie Munyuki on Wednesday. “Koreans are moving in a very…
HARARE – Within four months, listed banking group BancABC has survived two raids from Mackie Diamonds BVBA (Mackie)-led bailiffs after a $10 million dispute. Although the company’s attorneys and executives have declined to comment on the basis that “proceedings leading up to Wednesday’s raid were held in camera”, businessdaily witnessed a second mini drama at…
HARARE – Dozens of MDC supporters on Friday came under attack from a group of men in army uniform minutes after party leader Welshman Ncube addressed a rally in Mutoko, Mashonaland East, officials said. Ncube and senior party leaders had just left the venue of the rally at Mutoko Centre when dispersing supporters came under…
HARARE – Tendayi Mundawarara, the NMB Bank chairperson and nephew of the late Solomon Mujuru, is a free man after the State has dropped charges against him for allegedly swindling a Dubai jewellery company of $430 000. The young businessman had been accused of duping Kalotti Jewellery (Kalotti) of cash under an 8,5kg of gold…
