May 12, 2024
IT is not obvious that someone who has committed a crime will go to prison. Particularly if the perpetrator is oiled enough financially; is well connected, a public figure, or all of the above. The worst that could happen is for one to be booked for a few…
IN the wake of the split in the Movement for Democratic Change (MDC-T) which has left its leader, Morgan Tsvangirai, skating on thin ice as he faces an open challenge from his secretary-general, Tendai Biti, and others, one lay political analyst, in jest, conjured up a very interesting…
THE country’s economy continues to swing directionless with figures indicating that the Zimbabwe Stock Exchange (ZSE), seen as the barometer of the economy, slumping by US$642,8 million to US$4,56 billion in the first quarter of this year, as stock prices plummeted. Reflective of the dire state of the…
FORMER Zimbabwe Mining Development Corporation board chairman, Goodwills Masimirembwa, has had his top-of-the- range vehicle, a Toyota Land cruiser VX, attached by the deputy sheriff following failure to pay a debt owed to a local medical firm. Medical Investments has had to seek legal recourse to recover a…
A STATE Procurement Board (SPB) financial director, Cosmas Neshamba, suspended over misconduct in 2008, is claiming US$1 million as exit package after winning an arbitration ruling. The development is likely to put the SPB’s executive chairman, Charles Kuwaza, who was last week reported to be among the highest…
PETER Mutharika was declared the winner of the chaotic presidential election, and was sworn in quickly. The unseemly haste was prompted by the failure of Malawi’s constitution to allow for any kind of transitional period between leaders. Not that Mutharika would have been bothered by the rush. He’s…
PROTESTS by supporters of more than 200 schoolgirls kidnapped by Boko Haram have been banned in Nigeria's capital, Abuja, police said on Monday, as activists vowed to challenge the "illegal" move. Federal Capital Territory (FCT) police spokeswoman, Altine Daniel, confirmed the ban in a text message saying the…
MASVINGO — Controversial business tycoon, Billy Rautenbach’s proposed multi-million dollar ethanol plant at Nuanetsi Ranch in Mwenezi has hit a snag owing to the infighting among senior ZANU-PF officials in the fractious province. In March, Rautenbach’s Zimbabwe Bio Energy (ZBE) announced plans to set up Zimbabwe’s third ethanol…
AFTER introducing some sweeping changes in the education sector that won him friends and foes alike, Primary and Secondary Education Minister, Lazarus Dokora, this week moved to calm the nerves following rumours that teachers will, starting August, go unpaid during school holiday months. Dokora told the Financial Gazette…
A YEAR since the adoption of the new Constitution in March last year, non-constitutionality — failure to adhere to the Supreme law — is rearing its ugly head in several aspects, confirming fears that government is not committed to ensure that constitutionalism prevails, the Financial Gazette has noted.…