The Zimbabwe Stock Exchange industrial index advanced 2.49 percent to close the week on 207.09 points, as local investor appetite for stocks continues to drive the market to new highs.
Vice-President Phelekezela Mphoko last week told Senator Tapera Machingaifa that he was knocking on the wrong door when he asked him why there was no money at the banks but there were brand new notes on the streets.
When First Lady Grace Mugabe started blasting then Vice-President Joice Mujuru, and moved on to new Vice-President Emmerson Mnangagwa, most people thought this was because of the new powers she had just got as Secretary for Women’s Affairs in the Zimbabwe African National Union-Patriotic Front.
Non-life insurers reported a 60 percent increase in after tax profit from $2.39 million to $3.83 million in the quarter to March, driven by an increase in gross premiums written (GPW) and a reduction in operational expenses, a report by the industry regulator has shown.
Vice-President Phelekezela Mphoko yesterday backed Fist Lady Grace Mugabe in calling for President Robert Mugabe to name his successor but also took a jibe at his colleague Vice-President Emmerson Mnangagwa by emphasising that there was no room for tribalism within the Zimbabwe African National Union-Patriotic Front.
The two former secretary-generals of the Movement for Democratic Change today forged an alliance with their former boss Morgan Tsvangirai to form what is now called the MDC Alliance which will field Tsvangirai as the presidential candidate to contest Zimbabwe African National Union—Patriotic Front leader Robert Mugabe next year.