Last Friday, the beneficiaries of a controversial loan scheme run by Buyanga, branded a loan shark, held a meeting with the businessman where it was agreed that the latter would seek funds from a named financial institution to repay the businessman.Buyanga has been facing allegations of fleecing about…

President of the European Council, Herman van Rompuy, says they will only consider lifting sanctions against Zimbabwe’s President Robert Mugabe and senior government officials if the situation in the country improves.He was speaking during a joint media briefing with President Jacob Zuma in Brussels.“I would like to emphasise…

Last Saturday, the Prime Minister was in Mashonaland West province where he told his party’s provincial executive to put its house in order, saying elections were around the corner. President Robert Mugabe has also said elections would be held next year.In an interview on Tuesday, the MDC-T provincial…

Cabinet recently endorsed the liquidation of NOCZIM, under the Companies Act Chapter 20:03, and the formation of two separate business units - an infrastructure company and a trading company - as part of the parastatal’s restructuring.The infrastructure company will have exclusive rights to the Beira-Feruka and Feruka-Msasa pipeline.…

The adverts, which were flighted in the Herald of September 10 and subsequently in The Sunday Mail at a total cost of US$860 caused a furore in the top echelons of the party as ZANU-PF officials queried Khaya Moyo’s agenda. The Financial Gazette understands that Khaya Moyo recently…

A spokesman for the conglomerate, which has retail and hotel interests in the country, said the partnership would target an ambitious 50 000 new account holders by December in a promotion that will be launched in October.“Winners can expect to walk away with bakkies, among other prizes,” said the…

Fifteen central bank governors and other apex bank officials from the Southern African Development Community (SADC) are attending the meeting.It is the first time that Zimbabwe has hosted the CCBG annual meeting.The governor of the Reserve Bank of Zimbabwe, Gideon Gono, said in a statement that among other…

The Ministry is under pressure to secure accommodation for new ministers in the inclusive government some of who are living under deplorable conditions.Under its first phase, the Ministry is targeting for eviction from State residences officials with alternative accommodation.It however, appears that the Ministry had not done a…

Not only has Beijing been vetoing plans by the West and European capitals to take sterner action against Harare at the United Nations Security Council for her alleged human rights violations, but its capital has also come in handy for Zimbabwe.State-owned Chinese firms, supported by their powerful State…

South African President Jacob Zuma, the mediator in the Zimbabwe crisis, gave the three principals in the government of national unity (GNU), 30 days to implement 24 issues agreed under his mediation, among them the appointment of the governors as per the agreed formula.But information made available this…