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Orascom gives Telecel boost

Market sources said recent developments, under which Telecel Zimbabwe had dismantled its antiquated base stations and replaced them with modern ones, were part of an ambitious plan for the mobile cellular operator to be seen as a competitor in the domestic mobile phone market, where it has always…

Makoni launches party

The launch comes more than a year after he abandoned ZANU-PF over policy issues and went ahead to contest the March 2008 presidential election against President Robert Mugabe and the Movement for Democratic Change (MDC-T) led by Morgan Tsvangirai.Nearly 300 people attended the launch at Mbare's Stodart Hall…

Trust Bank to make a comeback

The Reserve Bank of Zimbabwe (RBZ) took over the assets of Trust Bank, Royal Bank and Barbican Bank following its liquidation of the banking institutions, which had been declared insolvent.This followed an RBZ clampdown after rampant financial sector indiscipline – characterised by underhand dealings as well as a…

Big storm brewing

The contentious document was crafted in September 2007 by representatives of the three main political parties in Kariba at the height of the negotiations among the protagonists to the Zimbabwe crisis.South Africa brokered the negotiations.ZANU-PF has in recent weeks been trying to worm its way out of a…

Miners defy government order

As many as 11 miners, including co-sponsor Mwana Africa plc, attended the 6th Annual International Mining in Africa Conference, organised by Cape Town-based Omega Investment Mining Partners under the theme “Mining in Zimbabwe — A New Beginning?”.Other sponsors included local commercial bank, BancABC and London-based investment bank, Ambrian…