Youth Development Fund Looted, Says Nhema

  New Zimbabwe – THE government has admitted that the disbursement of the $10 million Youth Development Fund (YDF) was riddled with corruption and irregularities resulting in the majority of youths failing to access the loans. Empowerment Minister Francis Nhema said on Thursday that $5 million was still available for disbursement but with conditions. The […]

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ZBC Ready to Present Turnaround Plan to Govt

  http://allafrica.com/stories/201410240071.html - Government this week expects to receive a final Zimbabwe Broadcasting Corporation strategy report spelling out how the national broadcaster will be turned around, Information, Media and Broadcasting Services Deputy Minister, Supa Mandiwanzira, has said. He told The Herald that the draft review process had been completed and that Government now awaits a report […]

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President Mugabe Is Iconic – UK Envoy

  http://allafrica.com/stories/201410240070.html - Newly-accredited British ambassador to Zimbabwe Ms Catriona Laing has described President Mugabe as an iconic world figure whom she was excited to meet in person once she landed in the country. Ms Laing presented her credentials to President Mugabe at State Houser early this month before they held a closed-door meeting. She succeeded […]

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Vapositori Trial – Cop Accused of Fabricating Evidence

  New Zimbabwe – THE credibility of a police officer testifying in behalf of the state in the public violence case involving 37 Apostolic sect members came under scrutiny at the Harare magistrate’s court on Tuesday. One of the accused, Darlington Mambayo, accused police constable Stanley Tafireyi of “fabrication”. “Do you know that you have […]

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Zimbabwe lifts restrictions on foreign investment in bond market

  http://www.shanghaidaily.com/article/article_xinhua.aspx?id=248524 - HARARE,  (Xinhua) — Zimbabwe’s central bank has removed restrictions on the participation of foreign investors on the bond market in a bid to attract foreign investment inflows.     Previously, foreigners were allowed to subscribe for up to 35 percent of primary issues of bonds and were prohibited from making purchases from the […]

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ATT Mulls U.S $18 Million Park in Vic Falls

  http://allafrica.com/stories/201410231410.html - Hospitality group, Africa Albida Tourism, is working on construction of an $18 million education and entertainment park in Victoria Falls, expected to boost occupancies by 40 percent. The park will be constructed on an 80 hectare land adjacent to Victoria Falls Safari Lodge and is touted to become the biggest commercial investment in […]

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