Stories

When United States President Barack Obama last week told the nation that Washington was speeding up the training of ISIL forces- Islamic State of Iraq and the Levant- this was quickly brushed off as a slip of the tongue. He meant the training of Iraq forces.

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Private equity firm, Takura Capital will know tomorrow if its bid to take over the 63 percent shareholding in former listed concern, Cairns Holdings previously held by the central bank is successful after creditors voted to either accept the bid or liquidated the company.

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Mobile operator Telecel Zimbabwe today launched a drive to expand its retail footprint, showing the company’s confidence that it will regain its operating licence which was revoked by government in April.

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Agriculture deputy minister Paddy Zhanda today said that the government has stopped issuing out new licenses for abattoirs in a bid to contain the spread of foot and mouth disease which has hit the southern parts of the country.

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President Robert Mugabe’s spokesman George Charamba says it is not Mugabe’s task to take a leading role in investigating the whereabouts of activist Itai Dzamara who disappeared in March.

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Zimbabwe’s cash-strapped government is set to lose nearly $600 000 which is locked up in Allied Bank — majority owned by transport minister Obert Mpofu — while municipals and other state departments are owed over $2.5 million following its collapse early this year, with chances of recovering all the money slim.

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Mutare-based vehicle assembler, Quest Motors says it will start producing Japanese models in the fourth quarter of this year after signing franchise agreements with the manufacturers.

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An unnamed French investor is set to inject around $20 million into MicroKing Finance, a micro lending subsidiary of AfrAsia Zimbabwe Holdings Limited owned by Mauritius-based AfrAsia Bank (ABL) Limited which exited the country early this year and is now disposing of its remaining assets.

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The Morgan Tsvangirai-led faction of the Movement for Democratic Change today called on Zimbabweans to join hands in peacefully pushing the corrupt, insensitive, incompetent and violent ZANU-PF regime out of power.

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Quest Motors says it has commenced assembling of Chinese designed buses at its Mutare factory  and plans to increase the number of Foton Tunland double cab units which will boost its capacity utilisation to over 50 percent, an official has said.

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