THE International Monetary Fund (IMF) predicts Zimbabwe’s inflation to quicken, in light of the recent price increments and high premiums on the parallel market.
This comes as the IMF has listed Zimbabwe as one of the 20 countries in a “fragile situation” due to fiscal challenges in a regional Economic Outlook for sub-Saharan Africa 2017 report which was launched yesterday in Harare. Read more
Nigeria: The Osun State Police Command have arrested a man who allegedly raped an 85-year-old woman to coma in Ilesa, a commercial town in the State.
The suspect, Kehinde Ariyo, 29, is said to have committed the heinous act last Friday
The police commissioner in the state, Mr. Fimihan Adeoye, who paraded the suspect disclosed to journalists in Osogbo, that the incident happened at Ogudu area of the town, where the suspect forcefully had canal knowledge of the old woman after gaining access to her residence around 11pm last Friday. Read more
Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Khupukile Mlambo said at the weekend that no Zimbabwean had the money to buy Barclays Bank which was sold to Malawai’s First Merchant Bank (FMB) Capital Holdings.
A number of Zimbabweans spoke against the acquisition arguing that it is against the Zimbabwe’s indigenisation and empowerment laws. Zanu-PF Youth League was very vocal against the deal despite approval by authorities, arguing the bank should have been sold to locals. Mlambo said:
That’s why for example Barclays Bank was sold to a Malawian (FMB Capital Holdings) because we couldn’t find locally here somebody who could buy it.
We had no money to buy and if we were to buy it we were going to borrow from an institution. Read more
Yesterday Harare businessman Wicknell Chivayo received a backlash on social media yesterday after he posted a picture of himself with eight pairs of shoes displayed on a kitchen table.
The picture was captioned: “If someone tells you that you have enough shoes, stop talking to them . . . You don’t need that kind of negativity in your life!!!”
Rihanna’s Fenty Beauty line achieved a major instant success due to the quality of her product. The 29-year-old star’s line of cosmetics earned her a whopping ‘$72 million in media value in one month after it launched.
As WWD reports, her brand racked up invaluable earned Media Value, a marketing metric that evaluates the worth of a product in social terms and in a short period of time.
Michael Jackson tops Forbes’ list of the 13 highest-paid dead celebrities for the fifth year in a row with earnings of $75 million. The list measures pretax income from October 15, 2016 through October 15, 2017 before deducting cuts for agents, managers and lawyers.
1. Michael Jackson – $75 million
2. Golf legend Arnold Palmer – $40 million.
3. Peanuts creator Charles Schulz – $38 million
4. Elvis Presley – $35 million Read more
Kenyan President Uhuru Kenyatta has been declared winner of a controversial re-run of the presidential election. He won 98% of the vote with turnout at just under 39% less than half that recorded in August’s vote, according to the election commission.
The opposition leader, Raila Odinga, pulled out of the re-run and urged his supporters to boycott it. Mr Kenyatta was also declared the winner in the August vote, which was annulled because of “irregularities”. Read more
Zimbabwe National Liberation War Veterans (ZNLWVA) Bulawayo provincial chairperson Cephas Ncube responded to Zanu PF youth leader Kudzanai Chipanga’s threats to bar them from attending President Robert Mugabe’s youth interface rally at White City Stadium on Saturday.
We follow the revolution not individuals. In this case, we follow Zanu PF the revolutionary party and we cannot be told by misguided individuals whether we must attend Mugabe’s rally or not. Read more
Awake Unto Righteousness International Ministries founder Admire Mugwinyi, who studied Agricultural Engineering (Bioresources Engineering) at the University of Zimbabwe in 2007 had three of his science textbooks approved by South Africa’s Basic Education minister Angie Motshekga and are now used in 27 000 schools there.
He compiled and published three Physical Sciences textbooks for South Africa’s Grades 10, 11 and 12 (Form 3-6) CAPS UPDATED, and is currently compiling Maths and Life Sciences textbooks. When contacted for comment by NewsDay, Mugwinyi said that he hoped his books would be integrated into the Zimbabwean education system. Said Mugwinyi: Read more
The Zimbabwe Schools Examination Council (Zimsec) has confirmed that 12 “independent candidates” had access to the Ordinary Level Mathematics Paper 1 question paper and have since been reported to the police with some appearing in court.
Zimsec Said: Read more