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‘Zim moves to low-middle income’

ZIMBABWE’s income status has been remarkably upgraded by the World Bank leaping from a low income to a lower-middle income country. The World Bank classifies the world’s economies ranging from high, upper-middle, lower-middle up to low-income countries, which are in the lowest ranking. [GoogleAd] According to the World Bank’s latest classifications released early this week,…

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Entertainers defy winter

© SUNGURA music giant Alick Macheso will tonight entertain music lovers in the capital with a performance at the spacious Warren Park 1 Bar.  He will be supported by rising Tendai Dembo, who is on the path to revive his father’s music legacy. Tomorrow, Macheso and his Orchestra Mberikwazvo will be in Chinhoyi for a…

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‘Aippa is a misnomer’

© ACCESS to Information and Protection of Privacy Act (Aippa) is a misnomer when viewed against the principles of access to information, privacy, and media freedoms enshrined in the 2013 Zimbabwe Constitution, media watchdogs contend. It is against this that ministry of Information is spearheading efforts to replace Aippa with the Freedom of Information Act,…

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Govt sets up 146 CICs

© INFORMATION and Communication Technology (ICT) minister Kazembe Kazembe says government has so far established 146 community information centres (CICs) across the country in an effort to grow the economy. Speaking at the launch of Beitbridge community information centre, Kazembe said government has identified ICTs as one of the pillars and cornerstones for economic development….

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ZPC appeals Chivayo’s court win

© ZIMBABWE Power Company (ZPC) has sought leave to appeal to the Supreme Court against a judgment which empowered businessman Wicknell Chivayo’s Intratrek (Pvt) Ltd to proceed with the Gwanda Solar project despite failing to fulfil his part of the deal. In a judgment delivered on June 19 by Justice Tawanda Chitapi it was declared…

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Meikles Limited postpones publishing results

MEIKLES Limited (Meikles) says it has been forced to postpone the publishing of its 2019 financials due to government’s decision to abolish the multi-currency regime. Meikles company secretary Thabani Mpofu, yesterday, said the group has since been granted a 30-day extension by the Zimbabwe Stock Exchange to allow for due process. [GoogleAd] “The publication of…

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High expectations as Z$ discussions get closer. . . three days to go before Daily News Business forum

WITH three days left before the highly-anticipated Daily News Business Breakfast Forum where Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya are expected to unpack critical issues surrounding the new currency, expectations from different sectors are very high. [GoogleAd] The business sector, non-governmental organisations and the community in general are…

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Paynet sues Zim banks for US$100m

© CAMBRIA Africa has commenced legal action against the Bankers Association of Zimbabwe for US$100 million in damages for anti-competitive practices against its subsidiaries Payserv Africa and Paynet Zimbabwe. This comes after the bulk payments service provider last month suspended its payment service to its bank customers in Zimbabwe, accusing the banks of greed by…

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Almasi in another offering

© ALMASI Arts Inc will present a staged reading of ‘Last of the Suns’ by Alice Tuan today at Reps Theatre Upstairs. [GoogleAd] Almasi Arts Inc is an organisation dedicated to continuing arts education in Zimbabwe and was co-founded by Zimbabwe-born American award winning actress and playwright Danai Gurira. This is the third Almasi project involving…

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Border Timbers counts cyclone losses

© BORDER Timbers says its lumber production during the nine months to March 2019 was considerably lower on the prior comparable period due to disruptions caused by Cyclone Idai. The forest estates and saw-milling company, which is currently under administration, produced a total of 52 889 cubic meters of timber during the period under review,…

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