Day: November 30, 2017

Pres Mnangagwa announces new cabinet

The Chief Secretary to the President and Cabinet, Dr Misheck Sibanda has announced the following categories of Ministerial appointments by His Excellency the President, Cde Emmerson Dambudzo Mnangagwa, in terms of Section 104, subsection (1) of the Constitution of Zimbabwe. Cabinet Ministers Cde Patrick Chinamasa, as the Minister of Finance and Economic Planning; Cde Obert Mpofu, as the Minister of Home Affairs and Culture; Air Marshal Perrance Shiri, as Minister of Lands, Agriculture and Rural Resettlement; Dr Lazarus Dokora, as Minister of Primary and Secondary Education; Dr David Parirenyatwa, as the Minister of Health and Child Care; Cde Kembo...

Read More

International aid key to development

The positive sentiment by global economic power houses indicating critical aid towards rebuilding the country’s economy presents a perfect opportunity for wealth creation with experts advising on immediate areas to channel the investment resources. Endowed with vast mineral resources and a highly skilled human capital base, Zimbabwe already has leverage for a quick turnaround of its economic fortunes. The coming in of international aid will be a further boost to quicken the pace towards recovery. Given that indications are pointing to aid coming from Britain and China it is critical that the nation identifies immediate areas of investment as...

Read More

Zim braces for Zone 6 volleyball champs

Zimbabwe is bracing for the hosting of the Zone 6 volleyball club championships set for ZITF hall 3 from the 7th – 17th of December with high hopes of good performances by local sides. 35 teams from eight countries are set to descend on Bulawayo to compete in this elite Southern African volleyball competition. Zimbabwe will be represented by Spartans, Support Unit and UZ in both the men and women’s categories. NABA will be sending a men’s team only while Harare City will have a female team taking to the courts during the volleyball jamboree. Local organising committee chairperson,...

Read More

IDBZ listed on Finsec capital markets

The Infrastructural Development Bank of Zimbabwe (IDBZ) has been listed on the Finsec capital markets after raising US$65 million from energy bonds. The listing of IDBZ shares is expected to provide a platform towards mobilisation of funds to cater for investor requirements on several energy projects. IDBZ listed two infrastructure bonds in 2014 with a total nominal value US$65 million with a nominal value of US$50 million. The two bonds become the first to be listed on Finsec. Permanent Secretary in the Ministry of Finance and Economic Development, Mr Willard Manungo, said this listing is an indication of the...

Read More

Additional water for Byo

The City of Bulawayo is set to receive 26 megalitres of water from the Epping Forestry project at Nyamandlovu which is part of the city’s water augmentation programme. The Bulawayo City Council in partnership with Zimbabwe National Water Authority has invested $5.2 million in the water project at Nyamandlovu where high yielding boreholes have been drilled to help improve water supply to the city. Bulawayo was in 2015 subjected to punitive water shedding during the drought years an issue that led to the establishment of the water augmentation strategy said the project manager Engineer Loel Mbatha during a tour...

Read More

ZSE extend gains

The Zimbabwe Stock Exchange (ZSE) extended gains on Thursday (today) on the back of a rise in the overall investors’ participation on the listed counters. The industrial index gained 1.51 percent to 376.69 points while the mining or resources index was 0.12 percent up to close at 126.86 percent. Seedco gained by 17.78 percent to 207.97 cents, Barclays was 10.38 percent up to close at 6.50 cents, OK Zimbabwe share price rose by 3.04 percent to close at 22.03 cents and PHL was 1.82 percent up to close at 56.00 cents. Simbisa rose by 1.70 percent to 48.00 cents....

Read More

Stango, Nongoma venture into traditional music

A musical duo known as Stango and Nongoma made up of artists British Ncube and Ramadu Moyo have come up with a traditional music group which focuses on Ndebele culture. Stango and Nongoma fuse the spiritual sound of mbira with guitars to produce a unique blend of majestic music derived from the Ndebele tradition vocal rhythms. Ramadu whose stage name is Nongoma described their music as a beat that people should be proud of as it defines who we are as black people. Their music has the purity and newness that touches in a spiritual way. Stango said that...

Read More

Glen View-Mufakose district marks school feeding day

Glen View-Mufakose district has commemorated the Africa Day of School Feeding at Mukurumbira Primary School in Mufakose Harare. Those present spoke highly of the programme saying a health body helps increase reasoning capacity of children. Although there has been a remarkable improvement in feeding of school children in the district, emphasis should be on the need to work together as teachers and parents in making sure the children are well fed, said Glen View-Mufakose district schools inspector Mr Cloud Nyambuya. School feeding has many demonstrable advantages, but it has its greatest impact among learners who receive sufficient nutrition to...

Read More

Zim’s transport network will revive: SARA

The Southern African Railways Association (SARA) is confident the new political dispensation in Zimbabwe will reposition the landlocked country as the regional hub for transport networks for the benefit of regional economies. SARA which is holding its board meeting in Victoria Falls, Zimbabwe says it welcomes the country’s new dispensation in Zimbabwe and is bullish of repositioning of the country as a transportation hub to support trade and regional integration. SARA president Mr Christopher Musonda who stressed the importance of sound infrastructure in improving intra-regional trade said a vibrant rail and road network in Zimbabwe is critical in promoting...

Read More

Re-engagement sets tone for improved investments

 The re-engagement stance taken by global economic powerhouses to renew ties with Zimbabwe is expected to set the tone for renewed investor interests in the country’s vast resources thereby creating macro economic growth opportunities. The global community’s pledge to work with the new political dispensation is being made when Zimbabweans are expecting a complete rebooting of the economy. The plan will therefore improve the nation’s credit worthiness and provide an opportunity for debt clearance by some developmental partners, said Zimbabwe India Chamber of Commerce Secretary General Mrs Rose Peters. Zimbabwe needs to work with the global community to increase macro-economic growth rates, said a former banker Dr Albert Mubango. Association of Zimbabwe Travel Agencies (AZTA) vice president Mr Ignatius Matungamire said Zimbabwe now needs policies aimed at increasing global community confidence. With revelations several global economic powerhouses are also interested in working with Zimbabwe, it is now high time government and the private sector introduce policies in line with international best...

Read More

Online Stream