The Zimbabwe Independent - The Leading Business Weekly

Reforms needed to ensure recovery

DESPITE President Robert Mugabe’s meeting with the business sector at State House last week, the first time such an engagement has been held in a decade, doubts remain over the […]
Mnangagwa allies linked to murders

POLICE are investigating senior Zanu PF officials linked to Vice-President Emmerson Mnangagwa over alleged illegal gold panning, cases of violence and murders in and around Kwekwe’s volatile gold mining fields.
‘It’s mandatory to share telecoms infrastructure’

Consumers are right in complaining about the costs, it is a matter that has also been worrying us at the ministry in terms of the competitiveness of the pricing regime […]
President to take bloated entourage to UN summit

PRESIDENT Robert Mugabe is taking a bloated entourage of more than 70 people, including his family, to the United Nations summit scheduled for September 19 to 23, which has raised […]
BancABC conduit for dodgy funds

BancABC, which has subsidiaries in Botswana, Mozambique, Zambia and Tanzania, was one of the major conduits for dodgy diamond funds flowing internally and across borders, the Zimbabwe Independent has established.

Old Mutual launches fourth Green Zone

FINANCIAL services giant Old Mutual has launched its fourth Green Zone in Zimbabwe as the group seeks to consolidate its market presence and improve operating efficiency

Mnangagwa faction faces decapitation

PRESIDENT Robert Mugabe is under growing pressure from his allies to remove embattled Vice-President Emmerson Mnangagwa before or at the December Zanu PF annual conference which could be turned into […]

NRZ deal: What’s going on?

IN our front page in this edition, we report cabinet on Wednesday shipwrecked the National Railways of Zimbabwe (NRZ)’s US$400 million recapitalisation deal over funding, capacity and internal squabbles.

Mugabe’s Bismarck act: Juggling balls in the air

THE current situation in Zanu PF is fragmented and fractious; it needs a unifier. There is serious factionalism, infighting and political hostilities. It’s a dog-eat-dog affair.

Politics

UN probes Zim-North Korea deals

A UNITED Nations (UN) team tasked with tightening screws on North Korea’s authoritarian regime has written to the Zimbabwean government requesting information on the country’s dealings with the rogue state. […]

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Squabbles shipwreck NRZ deal

CABINET on Wednesday shipwrecked the National Railways of Zimbabwe (NRZ)’s US$400 million recapitalisation deal over funding, capacity and internal squabbles, it has been established.
Mnangagwa allies linked to murders

POLICE are investigating senior Zanu PF officials linked to Vice-President Emmerson Mnangagwa over alleged illegal gold panning, cases of violence and murders in and around Kwekwe’s volatile gold mining fields.
Prosecutor-General race gets messy

THE process to select a new Prosecutor-General (PG) has run into controversy amid revelations that the short-listed candidates did not score basic minimum percentages or points required, sparking dismay in […]
President to take bloated entourage to UN summit

PRESIDENT Robert Mugabe is taking a bloated entourage of more than 70 people, including his family, to the United Nations summit scheduled for September 19 to 23, which has raised […]

Business

Zim gold exports increase

ZIMBABWE’S gold exports are increasing significantly with the country expected to have exported at least 30 tonnes by the end of the year, government’s advisor and mining sector coach on […]

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Equities bolster FMHL earnings

First Mutual Holdings Ltd (FMHL) investment income grew 2 799% to US$12,9 million thanks to a surge in equities in the six months to June.
Value of equities soars

The value of shares surged well over US$10 bn on the Zimbabwe Stock Exchange (ZSE) amid heightened inflation fears and deepening currency volatility.
Weak economy bleeds Pearl

First Mutual Properties (formerly Pearl Properties) revenues came down to June to US$3,7 million from US$4 million in the six to June weighed down by incessant demands for lower rentals […]
South Africa, Kenya: A tale of two nuts

Discussion has ranged from bauxite and diamond mining on to fruit and cereal production. Some governments have sought to block the export of unprocessed agricultural commodities, but this can have […]
Speculation fuels equities rally

Speculation and a mad rush to preserve value has pushed up the value of equities as investors and fund managers scramble to hedge value amid heightened inflation fears and currency […]

Opinion

Arresting currency traders won’t curb cash shortages

There has been a specific acknowledgement by the monetary authorities that the parity level of the bond notes against the greenback has been upset.

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How to make special economic zones work

The Special Economic Zones (SEZs) Act was promulgated into law in October 2016, largely to attract foreign direct investment (FDI) inflows, generate employment and promote exports.
Lima deal stalled, what’s the plan?

WITH the Lima Plan — under whose auspices Zimbabwe was pursuing its international re-engagement strategy — facing serious headwinds and virtually stalled, the main question is: What are is option?
Release details on diamond revenues to public

ONLY an extremely rogue government and possibly one which condones kleptocracy would be encouraged by its citizens or non-governmental organisations (NGOs) to account for revenue realised from the exploitation of […]

Sport

Fair play critical in sport

IF there is anyone who should be feeling embarrassed by the shocking decision this week to rescind Dynamos striker Christian Epoupa Ntouba’s red card, it is the club and the […]

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Zimrugby still at crossroads

ZIMBABWEAN rugby’s new interim leadership has been left in limbo after two members reportedly declined appointment, leaving the game in disarray. This comes nine months before a crucial World Cup […]
Star Taylor boosts Zim with return

Brendan Taylor has ended his contract with Nottinghamshire County Cricket Club officially to return home to Zimbabwe for family reasons. The 31-year-old Zimbabwean’s contract was due to expire at the […]
Of West Indies, mosquitoes and Dr Stamps

WEST Indies are expected to arrive in Zimbabwe next month for a full bilateral tour, and one of the local fans gleefully looking forward to the matches should be former […]
Akbay has crossed the line

RIKI Wessels, the son of South African cricket legend Kepler Wessels, spent a couple of years playing in Zimbabwe’s domestic league a few seasons ago.
Abidal coming to Zim

Former Barcelona defender Eric Abidal has confirmed his impending visit to Zimbabwe where a team of the club’s legends will play against the Warriors in November.