November 28, 2024
The Financial Gazette can reveal that even though the ZANU-PF secretary for administration has not declared any interest in the position, his rivals are leaving no stone unturned to diminish his chances of landing the post.Mutasa, who is known for speaking his mind regardless of the consequences, is…
The succession issue has refused to die down despite it being clear that it now presents the greatest threat to ZANU-PF’s continued survival. Essentially, it has created sworn enemies among party cadres, some of whom would rath-er put up with a Movement for Democratic Change (MDC) administration than…
Mawindi’s resignation at the end of last month shocked the business world as he had been at the helm of Telecel for only nine months. No reason was given for his departure except that he was going to pursue other interests.On his part, Mawindi refused to shed light…
Confidential sources told The Financial Gazette yesterday that the government’s purported withdrawal of a UN poll funding request was motivated by the issue of avoiding comprehensive security sector and media reforms as these were some of the issues the UN NAM wanted to look into.Justice Minister Patrick Chinamasa…
The Zimbabwe Stock Excha-nge-listed Trust Holdings Limited (THL), which controls the troubled financial institution, has been battling to rope in a cash-rich investor to pour in capital and arrest potential haemorrhage.At the end of 2012, TBC’s capital was US$18,70 million, against a central bank requirement of US$25 million.TBC…
This comes at a time when different factions in ZANU-PF are battling to control major mining and agricultural firms including conservancies in Masvingo province as part of the controversial indigenisation programme. There is also a perception countrywide that the empowerment drive is benefitting mainly the politically-connected.Bikita Minerals, where…
The Financial Gazette can exclusively reveal that President Mugabe would use today’s extraordinary Politburo meeting to try and quell infighting in ZANU-PF, which celebrates its Golden Jubilee in August. He is also expected to rally his cadres for an epic battle against an unpredictable Movement for Democratic Change…
A Malawian High Court judge set aside an arbitrator’s ruling against AfrAsia, citing bias by the arbitrator who had been improperly appointed.Justice Chirwa ruled that the arbitrator’s ruling, which discounted the selling price for AfrAsia’s shares in a Malawi banking institution, had violated natural justice and was biased…
Gwenhoro Dam is 16 percent full and cannot sustain the two local authorities to the next rainy season, which starts in October. Insiders within the Zimbabwe National Water Authority claim the dam was technically only eight percent full as it was silting with mud.At full capacity, Gwenhoro Dam…
Most in ZANU-PF’s rank and file have remained transfixed with preparations for crunch elections this year than worry about the bed-ridden Nkala.Nkala fell out of favour with the party in the late 1980s and has maintained a love-hate relationship with President Robert Mugabe that has intrigued political analysts,…
