The Insider

Bye-elections for Mwenezi East, Mbire and Marondera Central which became vacant after the expulsion from the Zimbabwe African National Union-Patriotic Front of Kudakwashe Bhasikiti, David Butau and Ray Kaukonde will be held on 19 September.

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Zimbabwe’s central bank says the financial services sector is now safe and sound after hitherto weaker Metbank boosted its capital position to $31 million from $24.6 as at December, surpassing minimum capital requirements.

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Zimbabwe’s historic automated trading platform took a false start today after technical glitches hit the country’s central securities depository dampening the much hyped launch, the Zimbabwe Stock Exchange has confirmed.

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Telecel Zimbabwe, which is currently embroiled in a legal battle with government over the cancellation of its operating licence today said it had paid its licence fee for June as part of the $137.5 million it owes to government.

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Tsholotsho North Member of Parliament Jonathan Moyo has mocked the Movement for Democratic Change for what appears to be a change of heart over the 2018 elections so soon after a United States diplomat criticised the party’s “no reforms no elections” policy.

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Lack of clarity on key government policies is deterring Australian investors from doing business with Zimbabwe, the country’s ambassador to Zimbabwe has said, calling for a transparent business and investment environment.

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Zimbabwe’s state-owned meat processor, the Cold Storage Company (CSC), is set to lose two thirds of its estimated 600 head of cattle in a court-sanctioned auction to settle unpaid wages.

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Zimbabwe Stock Exchange’s historic automated trading platform is set to go live tomorrow following several delays caused by the slow migration of quoted companies to the central securities depository , a development which could help breathe life into the equities market, officials said.

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The Zimbabwe government’s organ set up to oversee implementation of the country’s controversial local ownership law today admitted that tender procedures were flouted when an advisory firm was engaged to assist government negotiate deals with foreign firms.

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Zimbabwean legislator Priscilla Misihairabwi-Mushonga yesterday complained that there was rampant sexual harassment in Parliament and asked Vice-President Emmerson Mnangagwa who women being sexually harassed should go to.

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