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US$50m boost for liberation movements’ school of ideology

Joseph Madzimure and Wallace Ruzvidzo THE Chinese government has availed a US$50 million grant for the construction of Julius Nyerere School of Ideology in Tanzania as the headquarters of former liberation movements in Africa, Zanu-PF secretary for Administration Cde Obert Mpofu has revealed. The development comes as six revolutionary parties …

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Mobile Money Continues to Gain Traction

By Tawanda Musarurwa Zimbabwe continues to record a steady increase in mobile money usage, with latest official statistics showing that mobile money use grew by 5 percent in the first quarter of this year. Mobile money is particularly important in countries such as Zimbabwe where the authorities are trying to …

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Zapu Demands Establishment of Gukurahundi Museum

Late national hero Dumiso Dabengwa’s ZAPU party has called for the establishment of a national Gukurahundi Genocide museum that would serve to remind future generations of the country’s genocide in which an estimated 20 000 civilians died in the hands of a North Korean trained Zimbabwean army unit in the …

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Zim accumulates trade deficit of $32,15bn

BY MTHANDAZO NYONI ZIMBABWE has, since 2009, accumulated a trade deficit of $32,15 billion, a development that has left the country battling with persistent foreign currency shortages, a government official has said. Giving her welcome remarks at the ninth Buy Local Summit in Bulawayo yesterday, Bulawayo Metropolitan Provincial Affairs minister …

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President to lead buy local indaba

Natasha Chamba Bulawayo Bureau PRESIDENT Mnangagwa is expected to meet business executives from across the country at this year’s 2019 annual Buy Zimbabwe Summit to be held in Bulawayo. Proceedings will be held at the Zimbabwe International Trade Fair (ZITF) exhibition centre under the theme, “Enhancing local production, preference and …

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Katai Appeals for Help

By Cloud Fusire Promising junior swimmer Donata Katai’s quest to represent the country at her first FINA World Junior Swimming Championships hangs in the balance because of lack of sponsorship. The five-day event is slated for August 20 to 25 in Budapest, Hungary. Donata’s dream to represent Zimbabwe at the …

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Oil prices rise

LONDON. — Oil prices rose yesterday adding to last week’s gains, lifted by tensions between the United States and Iran, but concerns about the possibility of weakening demand kept a lid on gains . Benchmark Brent crude was up 13 cents or 0,2 percent at $65,33 a barrel by 1238 …

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Oil prices mixed

Oil prices were mixed yesterday as prices were caught between concerns over global supply and fears that the US-Chinese trade conflict will hurt demand. Brent crude fell by 9 cents, or 0,1 percent, to $70,02 a barrel by 1245 GMT, with prices repeatedly veering above and below $70 in choppy …

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