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Sakunda sweats over US$50 million debt

Staff Writer Kudakwashe Tagwirei’s Sakunda Holdings is sweating over US$48 million that it owes to its London-Stock Exchange listed technical partner, Aggreko accumulated from the now defunct Dema Diesel Power Generation plant. The Anchor is reliably...
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Mugabe’s estate: Who is fooling who?

Tawanda Marwizi/Xolisani Ncube Throughout his political career, Robert Mugabe outfoxed his rivals both within and outside his party. His long rule was a subject of discussion and how he managed to beat his enemies always...
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The agony of Nyaminyami district teachers

Tawanda Marwizi KARIBA is not only one of Zimbabwe’s premier tourist destinations but ranks among Africa’s best. Famed for its beauty and wide range of tourist activities, Kariba not only provides aesthetics for its residents and...
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US$100k for NCDs population based survey

Munyaradzi Doma The Harare City Council has secured US$100 000 from the Bloomberg Foundation for a population-based survey on the prevalence of non-communicable diseases (NCDs) which are on the increase in the city. The project will...
Free Wi Fi

Liquid Telecoms rolls out free wifi for tertiary institutions

Staff Writer Liquid Telecom has  rolled out free Wi-Fi across 48 higher and tertiary learning institutions in Zimbabwe as part of its long-term initiatives to equip citizens across Africa with digital age access and skills. Liquid Telecom Zimbabwe, part of the leading pan-African telecoms group Liquid Telecom,  said the initiative seeks to help students bridge the digital...
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Stocks snap losing streak as Old Mutual activity boosts trading value

HARARE – (FinX) – The stock market snapped a five-day losing streak in midweek trades but only just marginally after recovery from select heavyweight counters. Activity improved from yesterday to . 777 12 million from...
Trade Imports

Struggling manufactured exports, historical imbalances, Zimstat anomalies as trade deficit narrows

HARARE – (FinX) Zimbabwe narrowed its trade deficit in the year to October to US$296.42 million from US$743 million in September after improved exports in October boosted by tobacco and nickel values. The country...
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MDC’s Mamombe applies for refusal of further remand

Munyaradzi Doma MDC-A legislator Joanah Mamombe, who is facing allegations of subverting a constitutional government, has applied for refusal of further remand arguing that she has not been tried nine months after her arrest. Led by...
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Shelter Afrique approves US$20m for  housing finance

Farai Mabeza PAN-AFRICAN housing finance institution, Shelter Afrique, approved a total of US$20m for Zimbabwean housing finance providers during the year, managing director Andrew Chimphondah has said. Chimpondah told the media at the opening of Shelter...
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Chiyangwa loses property worth ZWL$400k

Munyaradzi Doma A security guard at flamboyant businessman Philip Chiyangwa’s house along Crowhill Drive in Borrowdale has been arrested for allegedly stealing goods worth over ZW$420 000. Zebediah Mushangwe (27) Domboshava appeared at the Harare Magistrate...