Zimbabwe Banks, companies under probe
The Zimbabwe Anti-Corruption Commission is setting up a special investigating team to focus attention on companies and banks involved in shady deals in violation of the country’s laws. The team will also target retailers and food outlets who do not bank cash. Most of them are reportedly channelling the cash into the parallel market. Addressing […]
Failure, scandal and success: Taking stock of Mnangagwa’s China ‘mega deals’
In April this year, the State-controlled Herald splashed a triumphant headline across its front page: “Chinese company to build $7bn tourism city”. A Chinese firm, the Touchroad Group, planned to build a $7 billion tourism city in Zimbabwe, the paper said, gleefully adding that this came as “investor interest in Zimbabwe by international tourism players […]
May and Merkel backing Mnangagwa is bad news for Zimbabwe
On August 28, British Prime Minister Theresa May arrived in Cape Town, South Africa, for a one-day working visit. This visit was part of a three-nation tour of South Africa, Kenya and Nigeria designed to strengthen Britain’s trade ties with African nations. During the course of her visit, May made a brief appearance on South […]
Zimbabwean Duo Find A Fortune In Their Backyards
Where most youngsters would opt for a business degree before stepping into business, Ropafadzo Zimunya and Munashe Musarurwa did it the other way around. In a small town named Mutare in Zimbabwe, just out of high school, the now 20-year-olds looked inwardly for inspiration, and found it in their backyards. The co-founders of a company […]
We want technocrats, but we don’t want them
CABINET speculation season is upon us and, once again, Zimbabweans are demanding the appointment of technocrats into Government. As if they voted for them. Newspaper headlines are calling for these so-called technocrats. Social media is lining up a list of preferred technocrats. One would think voters actually voted for such candidates in large quantities. They […]
Zimbabwe poll results dash young people’s hopes
IT is just after 6pm in the city centre and human traffic is at its peak as pedestrians race to conclude a gruesome day of socio-economic activities. For most mobile vendors this is time to be milling at strategic points marketing their wares for last-minute sales, but Christopher Nyathi (33) is seated outside the Eastgate […]
Ncube, Biti, to close parties, Join Nelson Chamisa’s bigger MDC
HARARE: The Nelson Chamisa-led MDC is reuniting with its former secretaries-general — Welshman Ncube and Tendai Biti. Ncube and Biti, who ditched the main MDC, then under Morgan Tsvangirai’s leadership in 2005 and 2014 respectively, are expected to land senior positions at the party’s elective congress next year. The decision to reunite with their respective […]
Zanu-PF goes after former president Mugabe
HARARE – Former president Robert Mugabe risks losing most of his farms and mining claims as his erstwhile colleagues in the ruling Zanu PF hit back at the 94-year-old teetotaller for supporting MDC Alliance leader Nelson Chamisa at the just-ended polls. Mugabe, who was removed from power last November, angered his former comrades when he […]
China not exploiting Africa: Top official
CHINA has defended its investment policies in Africa, saying trade between the two was mutually beneficial and not meant to exploit the continent. Addressing the Press ahead of the Forum on China Africa Co-operation (Focac) summit which opens in Beijing tomorrow, Chinese charge d’affairs in Zimbabwe, Zhao Baogang said his country had extended loans of […]