November 22, 2024
Market sources said FBZ had since engaged the Reserve Bank of Zimbabwe (RBZ) and undertaken an audit at CFXFS, whose primary asset is CFX Bank.The Zambian bank, which will be bankrolled in its acquisition by parent group, Swiss Reinsurance, was said to be prepared to inject a total…
Ormega Zongoro, who was driving a vehicle that had a car radio without a listener’s license, was arrested in May this year at a roadblock after he told the arresting officer to collect the fine from the President since it was a government vehicle.He was hauled before the…
This is the kind of inscription that aptly captures the tensions, political craftsmanship and hazards ZANU-PF plunges into ahead of its congresses.In December, party faithfuls, bruised after losing their majority in the House of Assembly to the Movement for Democratic Change (MDC) in the March 2008 synchronised elections,…
This might result in widespread product shortages as some retailers would not be able to re-stock because supplies would have been cut off.There are also fears that the defaulting retailers could affect preparations for the forthcoming farming season as millers may fail to pay farmers who would have…
Makoni is being charged under the controversial Public Order and Security Act (POSA), a piece of legislation human rights activists claim is being used by the State to persecute its perceived opponents.The charges stemmed from an alleged meeting attended by about 400 people in Mashonaland Central and addressed…
PBC is the flagship of Premier Finance Group Limited (PFGL).Mamvura has been the acting MD for the PFGL subsidiary since April when the bank severed ties with Raymond Chigogwana.His confirmation is an indication that PBC has reached an amicable settlement with Chigogwana.Mamvura has the unenviable task of repositioning…
The move would have effectively taken away control of the mines from the foreign owners as the dispensation would have given a new breed of black shareholders control of the mining operations.Industry sources indicated that mining houses were only willing to give up 25 percent of their equity…
Jacob Chisese, the group chief executive officer, said the appointment of Chamunorwa was the first step towards filling key positions before the launch of the daily, which will mirror Zimbabwe’s diversity.Chisese said the appointment would also enhance the group’s flagship, The Financial Gazette, as an iconic brand.“I have…
Makamba, KFHL’s group chief executive officer (CEO), has been on forced leave since July.Interestingly, his troubles started after KMAL gave notice to convene an extraordinary general meeting (EGM), triggered by a requisition from Econet Wireless, that sought the removal of Chanakira and two other KFHL appointees through resignation…
MDC faction leaders — Morgan Tsvangirai and Arthur Mutambara — had written to outgoing SADC chairperson, Jacob Zuma, in July, requesting the regional bloc to lean heavily on President Robert Mugabe in order to resolve issues arising from a delicate power-sharing agreement signed in September last year.Zuma, the…
