The Zimbabwe Stock Exchange advanced 7,17 percent to close the week at 238 points, driven by a rally in heavyweight counters.
The Movement for Democratic Change led by Morgan Tsvangirai has welcomed the decision by the Supreme Court in Kenya to nullify the recent presidential elections because of irregularities and has called on the Zimbabwe Electoral Commission to flex its muscle and ensure free and fair elections in Zimbabwe next year.
Stanbic Bank Zimbabwe reported a 22 percent increase in after tax profit to $12.8 million in the half year to June from $10.5 million in the comparable period last year, on increased income.
A Masvingo man who is a great admirer of President Robert Mugabe says here is no way his wife Grace can become president of Zimbabwe.
Zimbabwe’s First Lady Grace Mugabe did not come to the political forefront in 2014 when she helped to kick out Vice-President Joice Mujuru and become the Zimbabwe African National Union-Patriotic Front Secretary for Women’s Affairs, she campaigned heavily in 2008 to make sure that her husband President Robert Mugabe, who had been beaten by the Movement for Democratic Change leader Morgan Tsvangirai in the first round of the presidential elections, won the second round.
President Robert Mugabe today said Vice President Emmerson Mnangagwa who had to hastily leave a youth rally in Gwanda on 12 August after a severe bout of vomiting and diarrhea was not poisoned but his doctors are still to establish what caused his illness.