Old Mutual Zimbabwe group’s after tax profit jumped seven-fold to $89.4 million in the six months to June from $12.5 million in the comparable period last year mainly due to an increase in investment income from non-banking activities, chief executive Jonas Mushosho told analysts yesterday.
Zimbabwe’s war veterans have said that they are fed up with double standards in the Zimbabwe African National Union-Patriotic Front, so national political commissar Saviour Kasukuwere must go because there is nothing special about him.
Cash-strapped Zimbabwe today announced plans to build a $1 billion university to honor its 93-year old President Robert Mugabe.
Movement for Democratic Change leader Morgan Tsvangirai believes that the military is one of the three major influences on President Robert Mugabe.
Zimbabwe government’s expansion of its bond note programme could lead to a notable increase in inflation and will dim prospects for any economic recovery in 2017, according to research firm, BMI.
Movement for Democratic Change leader Morgan Tsvangirai has suspended deputy treasurer Charlton Hwende and deputy information secretary Thabitha Khumalo over the weekend disturbances in Bulawayo during which party vice-president Thokozani Khupe and other senior officers were injured.