Mike Driver
Lint Roller? I Barely Know Her
AnasAbdin
he wasn't even looking at me and he found me
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Xuebing Du
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we're not kids anymore.
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@lmakombe
Zimbabwe: NMBZ, MBCA Talks Collapse
12 September 2002 By Leonard Makombe Harare — THE planned acquisition of one of the country’s oldest merchant banks, Merchant Bank of Central Africa Limited by NMBZ Holdings Limited has hit a brick wall. While the collapse in the negotiations was least expected, it could be a welcome relief to workers at the two merchant banks who were uncertain about their future. Management at NMBZ and MBCA…
Zimbabwe: Serious Shortage of Coal Looms
By Leonard Makombe And Walter Muchinguri Harare — A SERIOUS shortage of coal is looming following equipment failure and the subsequent suspension of production at Wankie Colliery Company, Zimbabwe’s sole producer. Operations were suspended a fortnight ago when the only functional dragline broke down. Wankie uses open cast mining. Wankie, which has been operating at half capacity for some time,…
Sept. 15 agreement now drips with blood
Fri, 28 Nov 2008 05:18:00 +0000 published here: https://maravi.blogspot.com/2008/12/talkzimbabwe-sept-15-agreement-now.html WHAT is wrong with Zimbabwe? Why is a political solution becoming so elusive? Why is it there is so much talk about the best way(s) forward yet we remain at the junction perpetually? Is it the leaders lack reason or the proposed solutions lack reason. Or simply put, we are…
‘Tariff Commission no toothless bulldog’
What role does the Competition and Tariff Commission (CTC) play in the economy? Has the CTC scored any success since inception? Our reporter Leonard Makombe (LM) talked to CTC director, Alexander Kububa (AK), on these issues. LM: What is the mandate of the Competition and Tariff Commission and which Act of Parliament or any other piece of legislation operationalises this body? AK: The…
NECF Tackles Economic Challenges
“We have put incentives to generate foreign currency as export earnings have been declining in the last five years. There has been an improvement in foreign currency earned from exports at US$764 million in the first six months of the year from US$715,1 million during the same period in 2004” – Herbert Murerwa. Published 30 June 2005. THE challenges besetting the economy have provided a wake-up…
Barclays Zimbabwe Suspended From Group
BARCLAYS Zimbabwe has been suspended from Barclays Africa because its poor performance in British pound terms has become a liability to the group.This means the local bank will now operate as an autonomous bank without the obvious benefits that come with being part of the whole group.Its accounting and any other transactions previously handled by Barclays Africa will now be done locally.Although…
Manufacturers face a daunting future
This was published here on 28 May 2010 and can be read together with a story here on July 2, 2010 and another on the retail sector found here MANUFACTURERS, haunted by hyperinflation, face a daunting future of low productive capacity and expensive finance, financial results released so far have shown. Latest financials show that companies in the manufacturing and retail sectors are yet to reach…
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Zim’s economic recovery stalls
ZIMBABWE’S economic recovery has stagnated and needs major policy measures to move the country forward, the president of the Confederation of Zimbabwe Industries (CZI), Joseph Kanyekanye has said. Capacity utilisation increased from an average 10% in 2008 to an average 32, 3% last year but it has stagnated between 20% and 40%, Kanyekanye said. This was published here on July 2, 2010. This is…
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Bid to oust Telecel duo flops
“The meeting has been postponed,” Mugabe said this week. “There was a problem with calling an AGM as it should be a shareholders’ meeting. As such, we are going to meet as ZWCEC later this week and send another circular.” This story, published on 30 July 2010 (here), was a follow up to this one published on 14 May 2010. A BID by Wealth Creation (WC) to oust business moguls James Makamba and…
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Leo Mugabe eyeing 20% Telecel stake
The enduring challenges at Telecel have a long history. One thorny issue has been the shareholding. It is, however, agreed that as of 1997, Kestrel Corporation, owned by Makamba had 15% while Mugabe’s Integrated Engineering Group owned 10%.Other shareholders including Affirmative Action Group, Magamba Echimurenga, National Miners Association of Zimbabwe, IBWO and the Zimbabwe Farmers’ Union had…
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Retail sector wallows in the doldrums
THE retail sector in Zimbabwe is stuttering after an economic downturn lasting close to a decade. Government quickened the slow death of the retail sector when it announced price controls in 2007 and companies were ordered to slash prices to an uneconomic level. Shelves were left virtually empty, with the only product on display being grain or grain products. I talked to Denford Mberi (DM), the…
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The crucial 11 votes
It can now be drawn from above that potentially Zanu PF has an equal number of seats with MDC-T that is if what professor Moyo has been showing and saying is anything to go by. http://archive.kubatana.net/html/archive/opin/080725lm.asp?sector=elec&year=2008&range_start=31 (Published 25 July 2008) Politics involves a lot of risk and uncertainty. There are times when politicians take issues for…
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Cotton price dispute erupts
Cotton price dispute erupts
By Leonard MakombeA price dispute has erupted between cotton buyers and sellers in a move that is likely to derail the selling of one of the country’s cash crops (24 April 2003) Barely a few days after the beginning of the cotton selling season, the majority of growers are continuing to hold on to their crops and demanding more “realistic” prices. The growers are arguing that the price of…
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Firm sues RBZ for US$35m
Firm sues RBZ for US$35m
AN international minerals auditing firm, Alex Stewart International (ASI), is suing the Reserve Bank of Zimbabwe (RBZ) for US$34,99 million over unpaid fees for services rendered between 2007 and 2009. (Posted on January 6, 2011) ASI, through its lawyers GN Mlotshwa & Co, in summons lodged with the High Court on December 16 last year also listed Finance minister Tendai Biti as second respondent…
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Mugabe calls the tune, delegates sing along
Mugabe calls the tune, delegates sing along
WATCHING Zanu PF people’s conference from outside, a person can be forgiven for assuming that decisions in that party are made bottom up with resolutions coming from over 4 500 delegates who would have first consulted members at cell, branch, district and provincial levels. (Posted on December 23, 2010) However, this is only a veneer as the decision-making process in the party, even at…
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Rocky start presaged bumpy constitutional process
Rocky start presaged bumpy constitutional process
Tapera Kapuya, another analyst and political activist, said political parties seemed convinced that a new constitution, “no matter how bad the process that gives rise to it or how bad its contents”, was a critical precursor for a general election.
December 9, 2010: FROM the ominous all-stakeholders conference characterised by violence last year, the constitution-making process, which has…
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