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ZANU PF bigwigs clash over kidnappings

THE ZANU-PF Women’s League boss, Oppah Muchinguri, and party spokesperson, Rugare Gumbo, are at odds over the former’s announcement of the alleged kidnapping of members of the women’s wing over the past few weeks. As the national mouthpiece of the party, Gumbo took issue with members of the…

RBZ to set up national credit bureau

THE Reserve Bank of Zimbabwe (RBZ) is working on a national credit bureau to minimise bad debts in the banking sector. RBZ governor, John Mangudya, said this at the Confederation of Zimbabwe Industries (CZI) annual congress held in Mutare in July. He said the bureau would enhance the…

Airlines spring drama

AIR Zimbabwe (AirZim) resumed flights to the resort town of Kariba on August 1, beginning the difficult task to revolutionarise the destination in a drama-filled week for airlines, as KLM Royal Dutch Airlines and Egyptian Air shocked the market with an announcement that they would be discontinuing direct…

US$4million Zim-EBIC launched

THE Zimbabwe-EU Business Information Centre (Zim-EBIC) was launched on August 1 in Harare. An information hotspot, Zim-EBIC will provide Zimbabwean businesses with easy and convenient access to information about trade with the European Union. The opening ceremony of Zim-EBIC was presided over by Iris Mabuwa, Zimbabwe’s Deputy Minister…

Vice Presidency race wide open

THE race to fill up the vacant vice president position has taken a sharp twist following the opting out of the contest by former deputy president of the Senate, Naison Ndlovu, who had been named as possible contender for the position. A Politburo member, who is also the…

Loss-making parastatals to close

FINANCE Minister Patrick Chinamasa has indicated that government is contemplating closing several loss-making parastatals, which he said were hurting economic recovery through perennial dependence on the fiscus. Chinamasa, who was addressing an Institute of Chartered Accountants of Zimbabwe Winter School in the resort town of Victoria Falls, said…