South African Rand Unchanged As Dollar Eases

South Africa’s rand was flat in early trade on Thursday, despite gains in other emerging market currencies as the U.S. dollar fell. At 0717 GMT, the rand traded at 18.0300 against the dollar, compared to its previous close of 18.0275. The dollar was down about .08% against a basket of …

Read More »

Ethiopia Commission Accuses Oromiya Rebels Of Killing 50 People

At least 50 people were killed in Ethiopia’s Oromiya region this month in an attack by a banned rebel group, the state-appointed human rights commission said on Wednesday. Oromiya is home to Ethiopia’s largest ethnic group and has experienced unrest for many years, rooted in grievances about political marginalisation and …

Read More »

WhatsApp Voting For Zim Dancehall Awards

Organisers of the annual Zimdancehall Awards yesterday said they would be using social media platform WhatsApp for voting in an effort to accommodate as many voters as possible. This year’s edition, broken into 25 categories, will be held under the theme: Taking Zimdancehall To Di World at a yet-to-be announced …

Read More »

This Is Why DJ Zinhle’s Fiancé, Murdah Bongz, Will Not Attend AKA’s Memorial Or Funeral Service

DJ Zinhle’s fiancé Bongani ‘Murdah Bongz’ Mahoshana will not be attending the memorial or funeral service of the murdered rapper Kiernan ‘AKA’ Forbes, the Forbes family has announced. AKA and his close friend Tebello ‘Tibz’ Motsoane were shot dead outside Wish On Florida restaurant on Durban’s Florida Road last Friday …

Read More »

Sugar Crisis Looms As Gold Star Shuts Refinery

Gold Star, a subsidiary of ZSE-listed StarAfrica, has temporarily closed its Harare refinery and placed employees on indefinite leave, citing a sharp increase in raw sugar prices by its supplier Tongaat Hulett. Gold Star commercial executive Revesai Gwenhamo said raw material price increases made their operations unprofitable. “We are writing …

Read More »

Murowa Plane Carrying Diamonds Crashes

The light plane owned by mining giant, Murowa (Private) Limited, which force-landed near Beatrice on Monday afternoon, had a parcel of diamonds which were being transported under armed guard by police and private security officials, it has emerged. The Piper 31 Navajo aircraft landed on a field about 16km from …

Read More »

Official Zim Dollar Exchange Rate Converges With Black Market

The Zimbabwe dollar official exchange rate has converged with the parallel market premiums while at the same time falling within internationally acceptable margins the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction latest results have revealed. A trading update released at the close of business Tuesday shows that the official …

Read More »

EMA Chills Public Outrage Over Generators

The Environmental Management Agency (EMA) and the Zimbabwe Energy Regulatory Authority (ZERA) have moved to allay public anxiety caused by claims that penalties were being imposed against citizens caught using generators without authority. However, the two state agencies did not help matters when they both claimed to be licensing authorities …

Read More »