NMBZ Holdings Limited dispatched a shareholder notice announcing the departure of long-serving chief executive officer (CEO), James Mushore, one month after chairman Tendayi Mundawarara said he would exit the banking group’s chair even after his re-election at an Annual General Meeting in September. That Mushore, who was the deputy managing…

FAILURE by the Harare City Council (HCC) to implement an effective solid waste management system has left residents at the mercy of an environmental disaster that could explode anytime unless something is done to mitigate the impending tragedy. This conclusion was reached by the HCC’s Environmental Management Committee, which looked…

ZAMBIAN President Michael Sata has died in London, where he had been receiving treatment for an undisclosed illness, three private Zambian media outlets have reported. The reports on the private Muzi television station and the Zambia Reports and Zambian Watchdog websites said the southern African nation’s cabinet was about to…

TWO of the biggest blocs in Africa, the Common Market for Eastern and Southern Africa (Comesa) and the Southern Africa Development Community (SADC), will launch a free trade zone in December as the continent moves towards integration, Comesa has said. The proposed FTA, to be called the Grand Free Trade…

THE media was recently awash with reports of 12 Members of Parliament who are said to have received monies from the United States Embassy in exchange for classified information about the party, but the embassy denies those allegations and says the monies were for communities. But what sort of programme…

ALL eyes will be on President Robert Mugabe as he chairs a potentially explosive Politburo meeting on Friday, October 24 which is likely to determine the destiny for his number two, Vice President Joice Mujuru, and that of a number of senior ZANU-PF officials. Ten years after she replaced the…

A DEPUTY minister has made stunning revelations that industry captains abused a US$40 million package to rescue ailing industries by splurging on luxury vehicles for exclusive lifestyles, leaving their companies tottering on the brink of collapse. More money from the Distressed Industries and Marginalised Areas Fund (DIMAF), jointly funded by…

FIREWORKS are expected at the ZANU-PF Politburo meeting where stern measures could be taken against members who have hit the campaign trail for Central Committee positions before being cleared by the party’s leadership, the Financial Gazette can report. ZANU-PF is headed for its elective congress in December. As a precursor…

DESPITE government’s relentless efforts to revive agriculture by redistributing vast tracts of land and availing inputs and agricultural machinery to new farmers, the country’s food security remains under threat from an underperforming agricultural sector. The turnaround in Malawi and Zambia, from being food deficit countries to producers of surplus grain…

IDLE capacity in manufacturing firms declined to 64 percent this year, from about 60 percent in 2013, as the economic crisis in the country deepened, an authoritative survey revealed yesterday. The CBZ Bank-sponsored Confederation of Zimbabwe Industries (CZI)’s Manufacturing Sector Survey 2014, which was unveiled at a breakfast meeting in…