Business

South Africa turned down Zimbabwe request for US$1.2 billion bailout

JOHANNESBURG – South Africa turned down a request from Zimbabwe for a $1.2 billion loan in December, a spokesman for the finance ministry said on Monday. “South Africa doesn’t have that kind of money,” National Treasury spokesman Jabulani Sikhakhane said. Desperate Zimbabwe government officials met the South African government a day after Christmas and asked […]

Read More

Zimbabwe orders total shutdown of the internet again, says Econet

Zimbabwean authorities again ordered a complete shutdown of the internet on Thursday night, as security forces continue a crackdown against critics of President Emmerson Mnangagwa’s government. The country’s largest mobile phone network, Econet Wireless, said in an early morning SMS to its over 6,5 million subscribers on Friday that authorities had ordered them to switch […]

Read More

Harare city farm guards earn double police, army wages

FORMER Harare Mayor, Ben Manyenyeni has thrown the spotlight back to disproportionate remuneration patterns between municipal employees and their government and private sector equals with city workers found to be taking home a fortune as opposed to the rest. The MDC official took to social media to indicate that a Harare city council farm guard […]

Read More

Zimbabwean mental health nurse appointed as ICS trust chief executive officer

A nurse has been appointed as the new chief executive of a community and mental health trust in one of England’s most advanced health economies. Eugine Yafele will take over the reins of Dorset Healthcare University Foundation Trust in early 2019. This October, the organisation’s long serving leader Ron Shields announced plans to retire. Mr Yafele […]

Read More

Strive Masiyiwa Seals £400 million Investment Deal in Egypt

ECONET founder and group executive chairman Strive Masiyiwa has reached an agreement with Telecom Egypt, paving the way for the establishment of network infrastructure and data centres worth $400m over the next three years. Masiyiwa said on Saturday  Telecom Egypt will use the network to connect Egyptian businesses to the rest of Africa, whilst also partnering with […]

Read More

Making a goblin can take days, but Zimbabwe’s witch-hunters pay top dollar

HARARE – Lameck Banda from Waterfalls, Harare is a shrewd and cunning businessman. Better known as Sekuru Chitsuwi, Banda understands the basic premise of capitalism: supply and demand. Each day, the 60 year-old wakes up at 4AM and goes to nearby wetlands and swamps, and collects frogs and small tortoises. He takes these home, cleans […]

Read More

NATIONAL FOODS TO SHUT DOWN

By Tafadzwa Rusike Gondo National Foods Limited, one of the largest manufacturers and marketers of food products in Zimbabwe and SADC has warned that it will be shutting tomorrow, Wednesday 5th of December. In a letter addressed to its customers, the company warned that it is closing operations because of serious foreign currency shortages. National […]

Read More
Strive Masiyiwa - Creating Wakanda

Watch : Strive Masiyiwa Excites ED Mnangagwa

Business mogul and Econet Wireless founder, Strive Masiyiwa’s call for the removal of economic sanctions imposed on Zimbabwe by the west has excited government with the Ministry of Information, Publicity and Broadcasting Services taking to Twitter to celebrate the ‘timely’ gesture. Speaking during an interview with CNBC Africa television channel, Masiyiwa described the political change […]

Read More
Wicknell Chivhayo

Wicknell Chivhayo Fraud Charges Thrown Out By Harare Magistrate

A Harare Magistrate Mr Morgan Nemadire acquitted Wicknell Chivayo of fraud charges he jointly faced with fellow businessman Genius Kadungure. The fraud charges were in relation to the 1,5 million rand where the duo allegedly jointly swindled Kadoma miners Ivon and Enos Gatawa and Zanu PF MP Dexter Nduna. The regional magistrate ruled that Kadungure had […]

Read More