Archive for ‘August, 2009’

Ecobank eyes Interfin

ECOBANK is believed to be on the verge of buying a significant stake in Interfin which is valued at US$50 million.
According to information to hand a team from Eco-bank a pan-African banking group with a presence in more African countries than any other bank is currently in the country conducting due diligence before finalizing on [...]

Zimbabwe Banks start offering US$ personal loans

SOME banks have started offering personal and corporate loans to account holders who receive their salaries through the respective banks.
An official manning the CBZ stand at the Harare Agricultural Show said the bank was offering short term mortgage loans through CBZ Building Society, a subsidiary of CBZ Bank which was founded after the incorporation of [...]

Shoprite taking over OK Zimbabwe

Shoprite taking over OK Zimbabwe

SHOPRITE Holdings Limited, South Africa’s largest grocery chain, is said to have entered into negotiations with OK Zimbabwe to acquire a controlling stake in the Zimbabwe Stock Exchange-listed retail counter.
The Johannesburg Stock Exchange-listed company first entered Zimbabwe in November 2000 with the opening of a Shoprite outlet in Bulawayo, the only branch in the country.
Negotiations [...]

ZANU-PF arrests victim in Nkomo sodomy case

THE man at the centre of sensational sodomy allegations against National Healing minister and Zanu PF chairman John Nkomo, the favourite candidate to become co-vice-president, Mncedisi Twala, has spoken out on the saga which has sent shockwaves through the political landscape.
 The sodomy allegations, which the Zimbabwe Independent has been closely following since last week after [...]

ZANU-PF renages on Governor appointments

CONTROVERSY surrounds the appointment of provincial governors from the two MDC formations next month after Zanu PF reneged on an agreement to share the gubernatorial posts using the results of last year’s House of Assembly elections.
Sources in the inclusive government said Zanu PF was now insisting that provincial governors were representatives [...]

Econet Wireless ushers in 3G service to Zimbabwe

ZIMBABWE’S long wait to enter the age of mobile Internet access is finally over with the launch today (Friday August 28) by Econet Wireless, the country’s largest telecoms provider, of services that will provide easy access to the Internet, using one of the most advanced technologies in the world.
Econet subscribers will now have access to [...]

Its ZimFest time again

Zimfest marketing is certainly strident this year and much is promised, but will they be able to deliver on these promises?
“This year we are looking to start growing the festival to include events in Perth, Brisbane, Cape Town and Bulawayo,” says event organiser Hilton Mendelsohn.
Hang on a minute. Isn’t this the festival that two year’s [...]

BancABC keeps better

BancABC keeps better

THE coming on board of Zandile Shaba to head BancABC to in March last year seen to be just what the doctor ordered for.
Not only has she come up with strategies to ensure that the bank remains the preferred financial institution but has also complimented effect that is predecessor Joe Sibanda, chief executive Douglas Munatsi [...]

How Mr Casino Economist ruined the Zimbabwe Dollar - Part 2

The current call to revive the Zimbabwe dollar ( Zim-dollarization) should not be imposed on the people of Zimbabwe without clearly explaining how the Zimbabwe dollar was destroyed by policies,ideas and initiatives devised by Mr Gideaon Gono ( Mr Casino Economist), the Reserve Bank Governor.Mr Gono devised dubious and suspect scheems which were given high [...]

Mahlangu’s cellphone theft trial kicks off at Rotten Row Court

HARARE - The trial of MDC Youth Assembly Chairperson and deputy Youth Minister, Thamsanqa Mahlangu, who is facing charges of stealing a cellphone from self-styled war veteran, Joseph Chinotimba, kicked off at the Harare Magistrates’ Courts Wednesday with the ex-liberationwar fighter giving evidence.
Chinotimba, looking resplendent in a three-piece black suit, described in graphic detail how [...]

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