Bloomberg A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions. The African Export-Import Bank has the mandate to raise money for the mine, a joint venture between Russian
By Bulawayo Correspondent A government decision to kick-out local white commercial farmer, Jack Parsons off his Tabas Induna farm in Ntabazinduna in Matabeleland South, has irked the local traditional leaders. Parsons and his family, were ordered to vacate the property by 15 April, to pave way for one Floyd Ambrose who is reportedly linked to
By Leopold Munhende FORMER Dynamos and Highlanders forward Roderick Mutuma is enjoying life in DRC and new club FC Lupopo fans are enjoying him too especially after his solitary strike broke a 11-year winless streak against perennial rivals TP Mazembe. WATCH: Former Dynamos and Highlanders forward Roderick Mutuma's goal against TP Mazembe. WATCH: Former
By Mary Taruvinga FORMER Information Communication Technology (ICT) minister Supa Mandiwanzira’s court bid to have his criminal abuse of office charges scrapped fell through Wednesday when the high Court ruled trial should continue. Mandiwanzira is accused of unlawfully engaging a South African company, Megawatt, to do consultancy work for government’s telecomms firm, NetOne without going
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By Alois Vinga ONLINE money transfer entity, WorldRemit says its cash inflows into Zimbabwe from various countries across the globe grew by almost 150 percent in a development signifying that the brand is gaining a considerable market share in the cash transmission sector. In an interview with NewZimbabwe.com Business, Thursday, WorldRemit country director for Zimbabwe,
By AFP Ole Gunnar Solskjaer hopes Romelu Lukaku is ready to seize a starring role in his Manchester United revolution after the Belgium striker finally showed signs of emerging from his prolonged slump. United extended their impressive Premier League run with a 3-1 win at Crystal Palace on Wednesday that puts a third-place finish in
By Idah Mhetu THE Zanu PF hit-back against former president Robert Mugabe continued Thursday with the Women’s League saying the nonagenarian should desist from political commentary and concentrate on playing with his grandchildren. “He (Mugabe) should stay at the blue roof quietly, playing with his grandkids, drinking tea and let others do their jobs,” said league
By Robert Tapfumaneyi MDC leader Nelson Chamisa has left the country on a diplomatic offensive to undisclosed African countries in what his party says was meant to “sensitise the continent on the situation in Zimbabwe”. Party spokesperson Jacob Mafume said, on strategic reasons, they were not ready to reveal the popular opposition leader’s itinerary. “Because
By Anna Chibamu OPPOSITION MDC secretary general Douglas Mwonzora is not ruling out a challenge for party presidency at an elective congress which is now set for May this year. Reports have linked Mwonzora, along with co-vice president Elias Mudzuri, with a possible bid to take on charismatic party leader Nelson Chamisa. In an interview
By Mary Taruvinga MDC deputy national chairman Tendai Biti has approached the High Court challenging his conviction and sentence for contravening provisions of the Electoral Act. The former finance minister had been charged with two counts of illegally announcing the results of the July 30 elections and then declaring MDC leader Nelson Chamisa winner of
By Staff Reporter OPPOSITION MDC leader Nelson Chamisa on Sunday proposed a new 4-year power sharing government which would see him run the country for two years and Zanu PF rival Emmerson Mnangagwa the other two. Chamisa said this while addressing supporters in Gweru when he demanded dialogue with Mnangagwa which he said must culminate
By Associated Press Zimbabwe, without its own currency for a decade, took steps to address its worsening economic crisis by allowing its surrogate currency, bond notes, and electronic funds to float freely against other major currencies, abandoning an official but artificial parity with the dollar. The country has not had a local currency since 2009
By Kingston Ndabatei IN a move that could raise fears of a fresh crackdown, the Zimbabwe National Army (ZNA) has said it will flush out “rogue members of society” using military regalia and other material that resembles army gear. In a statement Wednesday, the ZNA urged members of the public to surrender such material either to
By AFP WHILE it’s unlikely that many Zimbabweans yearn for former ruler Robert Mugabe’s return, the occasion of his 95th birthday on Thursday has led some to see him in a softer light. “Comrade Bob” was toppled from 37 years in power in November 2017 following a brief military takeover that saw him replaced by
THE central bank is considering devaluing its quasi-currency as part of a raft of reforms to the nation’s foreign-exchange system, according to a central bank official. Depreciating the so-called bond notes would be an acknowledgment that the official one-for-one exchange rate is no longer sustainable. It would also mark the second major overhaul to Zimbabwe’s
By Leopold Munhende PRESIDENT Emmerson Mnangagwa had time to visit his Sherwood farm in Kwekwe Sunday but could not spare a few moments to make a stop at the scene for last week’s tragic mine disaster in Kadoma where dozens of artisanal miners perished. A day before, Mnangagwa had told his followers during a ‘thank-you’
By AFP RESCUE workers retrieved 24 bodies and eight survivors Saturday from two flooded gold mines at Battlefields where officials fear dozens more illegal miners are still trapped, state television reported. “Eight of the trapped minors have been rescued … while 24 bodies have been retrieved to date as rescue efforts continue at Battlefields Mine,”
By Staff Reporter PRESIDENT Emmerson Mnangagwa has ominously vowed to go after doctors and nurses who treated victims of the brutal police and military crackdown against protestors last month. Addressing a rally at Rutenga in Masvingo Saturday, the Zanu PF leader claimed that doctors and nurses had been put on standby as part of preparations
By Leopold Munhende in Battlefields FIVE dead bodies of artisanal miners were Saturday retrieved from a disused mine shaft in Kadoma after they were trapped inside shafts Tuesday by floods. Twenty more are still underground and awaiting lifting to the surface. Officials from government’s Civil Protection Unit (CPU) Saturday combined forces with artisanal miners and
