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Posted inStories

MDC-T says all roads lead to Bulawayo tomorrow

The Morgan Tsvangirai faction of the Movement for Democratic says all roads will be leading to Bulawayo tomorrow where the party is organising a protest against poverty, joblessness, corruption, misgovernance…
Posted by Charles Rukuni May 27, 2016
Posted inStories

$500 million Dema power project delayed

Sakunda Holdings, the private firm contracted to set up a 200 megawatt emergency diesel power plant in Dema by government, says it will not meet the June deadline due to…
Posted by Charles Rukuni May 27, 2016
Posted inStories

MDC-T blasts ZANU-PF for awarding $400 million tender to criminal Chivayo

The Movement for Democratic Change has castigated the Zimbabwe African National Union-Patriotic Front for being thoroughly corrupt to the extent that it has turned a blind eye on a convicted…
Posted by Charles Rukuni May 27, 2016
Posted inStories

We will tightly monitor NBS says NSSA chairman

The National Social Security Authority (NSSA) will be “very strict” on its newly opened mortgage lender to avoid the mistakes that saw the state-run pension fund lose $30 million of…
Posted by Charles Rukuni May 27, 2016
Posted inStories

Mobile money growth threatens traditional banking in Zimbabwe

One of Zimbabwe’s leading advisory firms says robust growth in technology based payment platforms poses a serious threat to the earnings of already frail traditional banks. In the Banking Industry…
Posted by Charles Rukuni May 26, 2016
Posted inStories

Zimbabwean company says “bond notes” are adding to uncertainty

Plastics manufacturer Pro Plastics says trading conditions have deteriorated after monetary policy interventions by the Reserve Bank earlier this month, and warned that introduction of bond notes would worsen the…
Posted by Charles Rukuni May 26, 2016
Posted inStories

ZSE-listed Masimba expects profitable year

Construction firm, Masimba Holdings, says it expects to report a profit in the first half of 2016, having registered positive growth in income in the first two quarters. Chief executive…
Posted by Charles Rukuni May 26, 2016
Posted inNews

MDC-T says million-man march was a spectacular flop

Picture-Reuters The Movement for Democratic Change led by Morgan Tsvangirai today said the million-man march organised by the youth league of the Zimbabwe African National Union-Patriotic Front yesterday to express…
Posted by Charles Rukuni May 26, 2016
Posted inStories

Turnall gets $1million Distressed Fund but seeks more

Turnall Holdings says it has secured $1 million from the Distressed Marginalised Areas Fund (DIMAF), but the company is still pursuing other financing options to recapitalise operations. Managing Director Caleb…
Posted by Charles Rukuni May 26, 2016
Posted inStories

Chinamasa says Zimbabwe will not be a “fishing pond” for US dollars

Finance Minister Patrick Chinamasa today said the introduction of bond notes will stop the country from being a fishing pond for the United States dollar. He told a United States…
Posted by Charles Rukuni May 25, 2016

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