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Posted inStories

Zimbabwe February inflation steady at -2.22pct

Zimbabwe’s year-on-year inflation rate for February was steady at  at -2.22 percent, shedding 0.03 percentage points on the January rate of -2.19 percent, the national statistics agency said yesterday. On…
Posted by Charles Rukuni March 16, 2016
Posted inStories

Masiyiwa denied licence to operate free-to air television in South Africa

Strive Masiyiwa pic by World Economic Forum Strive Masiyiwa, Member, Africa Progress Panel, and Founder, Econet Wirelessat the World Economic Forum on Africa 2013. Copyright by World Economic Forum /…
Posted by Charles Rukuni March 16, 2016
Posted inStories

Mutsvangwa says Jabulani Sibanda was offered ministerial post to rejoin ZANU-PF

Dismissed cabinet minister and war veterans leader Christopher Mutsvangwa says G40, which is literally running the country, is holding President Robert Mugabe prisoner and has offered former war veterans leader…
Posted by Charles Rukuni March 15, 2016
Posted inStories

Government struggles to recover loans from ‘broke’ parastatals

The Ministry of Finance and Economic Development will go to all lengths possible to recover millions of dollars in loans extended to parastatals and state enterprises through the Public Sector…
Posted by Charles Rukuni March 15, 2016
Posted inStories

NetOne boss Reward Kangai suspended

NetOne chief executive officer Reward Kangai was suspended for three months last night pending an audit of the mobile operator which is reported to have lost millions through shady deals,…
Posted by Charles Rukuni March 15, 2016
Posted inStories

Government to save $400 million a year if it gets rid of ghost workers and double payments

The Civil Service Commission (CSC) said it has recommended to government a raft of reforms that will save Treasury $400 million annually but ruled out retrenchments. Finance Minister Patrick Chinamasa…
Posted by Charles Rukuni March 15, 2016
Posted inStories

Starafrica sells off transport unit for $1.5million

Sugar refiner starafricacorporation has sold off its subsidiary Bluestar Logistics for $1.5 million which will go towards repaying its debt to the PTA Bank but there are no takers for…
Posted by Charles Rukuni March 14, 2016
Posted inStories

Innscor makes $16 million profit in six months

Innscor Africa Limited registered a 23 percent increase in profits to $15.9 million in the six months to December 31, 2015 up from $12.9 recorded in the comparable period. The…
Posted by Charles Rukuni March 14, 2016
Posted inStories

Is Mai Mujuru using bottom power to guarantee loyalty of the men around her?

Zimbabwe’s military intelligence claims that it has surveillance proof of Zimbabwe People First leader Joice Mujuru’s alleged sexual encounters with male members of her faction, which it claimed, she engaged…
Posted by Charles Rukuni March 14, 2016
Posted inStories

Zimbabwe launches financial inclusion strategy

Zimbabwe's financial gurus Zimbabwe has launched a four-year national financial inclusion strategy aimed at improving access to financial services to thousands of people still unbanked as well as tap into…
Posted by Charles Rukuni March 14, 2016

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