Debt overhang deters funding . . . as Govt plots strategies to attract investors

Senior Minister of State in the President’s Office, Ambassador Simon Khaya Moyo (centre) speaks to Zimbabwe International Trade Fair board chairman Mr Bekithemba Nkomo (right) during the ZITF International Business Conference in Bulawayo yesterday while Industry and Commerce Minister Mike Bimha (left) looks at the programme. Ambassador Khaya Moyo opened the business conference on behalf of Vice President Joice Mujuru Martin Kadzere in BULAWAYO Zimbabwe has failed to secure funding on international markets due to concerns about its huge national debt overhang, Finance and Economic Development Minister Patrick Chinamasa has said. Remarks by Minister Chinamasa come as Vice President Joice Mujuru said Zimbabwe was considering approaching Brazil, Russia, India, China and South Africa and far Eastern countries to seek funding for Zim-Asset programmes. Continue reading

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Masvingo Woman kills hubby over sex

GUTU – Age is nothing but a number when it comes to sex – this was true for a Gutu granny, (52), who allegedly axed her hubby to death after a heated argument over conjugal rights last week. Rosemary Chivanganye of Musiiwa Village under headman Mukaro in Gutu has since appeared at the Gutu Magistrates Court facing murder charges after she allegedly axed her husband to death following a heated argument relating to him demanding his conjugal rights. Continue reading

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Woman Bludgeons Husband to Death over Sex

A Gutu 52 year old woman hacked her husband to death with an axe during a fight over sex last week. Rosemary Chivhanganye, 52, appeared before Gutu magistrate Nyasha Vhitorini facing the murder charges Continue reading

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Zimbabweans in the diaspora – their worst Investment fears

The stories he has been hearing about Zimbabweans in the diaspora reminded me of what I would hear too. I have a few I will share with you in this article and if these are true, then there is need for action.

It is quite saddening to think these people are working so hard in the diaspora but have been mistreated by us in Zimbabwe.

Some have collapsed and died whilst others are now wasted to chronic illness. The survivors have been spared but they have failed to return home at the appointed time because here in Zimbabwe there is nothing. Zilch! They will suffer if they are to return. Their investments were abused. Continue reading

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PSL exhibits at ZITF

PSL marketing manager Rodwell Thabe and administrative assistant Zanele Siziba at the organisation’s ZITF stand yesterday Lovemore Dube Senior Sports Editor THE fledging Premier Soccer League is exhibiting at the Zimbabwe International Trade Fair for the first time. This comes a year after Zifa also exhibited at the country’s premier shop window. The colourful PSL stand was yesterday attracting a lot of attention with pictures of the country’s top teams and players Continue reading

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Mutuma’s Celtic birthday present

PLAYING professional soccer abroad is every local footballer’s dream and when Rodreck Mutuma joined South Africa’s Absa Premiership side Bloemfontein Celtic in January 2013, naturally, he was jubilant. BY ALBERT MARUFU In anticipation of not only an improvement in his game, but bank account too, Mutuma had every reason to celebrate. Continue reading

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Zimbabwe Dumps China, Abandons LookEast Policy

The Zimbabwean government has made a U turn against the Chinese government it had hoped would help rebuild the economy. Presidential Affairs Minister Didymus Mutasa blasted the Chinese saying they have ‘not been forthcoming’. He said Zimbabweans are now on their own and as they seek to rebuild the economy, must realise that it is local resources that are key to take the country on a growth and development pattern. Continue reading

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LATEST: Businessman, lover attacked, robbed at rendezvous Chinhoyi Bureau

A Karoi councillor and prominent businessman was robbed of a car by suspected robbers who forced open the doors and attacked him together with a female companion at a rendezvous. The two were left naked and heavily bruised from attacks from four suspected robbers. Travolta Matekenya (34), who has interests in passenger transportation, was with a female companion identified as Tarisai Zvimba (21) at Karoi town council truck-in around midnight on April 18 when four men approached. Continue reading

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