Sepp Blatter & Michel Platini Acquitted Of Fraud

Former FIFA and UEFA Presidents Sepp Blatter and Michel Platini have been acquitted of fraud, forgery and mismanagement in a court in Switzerland on Friday. The trial centered on a payment made by FIFA, world soccer’s governing body, to Platini in 2011. At the time, Platini was President of UEFA, …

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Fired Judge Ndewere Suffers Another Reinstatement Blow

Former High Court judge, Justice Erica Ndewere has suffered another blow after her appeal against tribunal findings against her was trashed. Ndewere was fired from the bench by President Emmerson Mnangagwa in June last year for misconduct and incompetence. This followed recommendations by a tribunal which was set up by …

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Will Gold Coins Ease Zimbabwe’s Pain?

The $1,86 trillion translated to about US$17,5 billion at the end of last year, with US$6,6 billion in arrears. In the Annual Debt Bulletin 2021 Financial Year report released two weeks ago, the office said total public debt to gross domestic product (GDP) ratio, estimated at 50,9% during the period, …

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RBZ Auctions Unavailable Forex

The Reserve Bank of Zimbabwe (RBZ) auctioned foreign currency which was not available early this year, triggering an allotment backlog. Companies have been at loggerheads with the central bank after it failed to allot the foreign currency with the backlog of about 10 weeks, a situation that left companies exposed …

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Govt Admits Debt Crisis Shatters Global Records

ZIMBABWE’S $1,86 trillion debt has breached thresholds prescribed under the low-income country (LIC) Debt Sustainability framework, exposing the country to refinancing risks, the Public Debt Management Office has indicated. The $1,86 trillion translated to about US$17,5 billion at the end of last year, with US$6,6 billion in arrears. In the …

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Yocaf Returns To Uplift The Youths

ZIMBABWEAN youths remain the most vulnerable persons due to country’s high unemployment levels and the general economic meltdown. Youths constitute 67% of the country’s population and most of them have never been formally employed. Local youth programmes have been either largely neglected or underfunded, perpetuating the vulnerability of this group. …

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Zec To Consider New Voters Blitz

On Tuesday, Zec released a statement stating that as at June 10, the country’s registered voters numbered 5 804 975, a 2% increase on 5 695 706 from 2018. Zec spokesperson Jasper Mangwana yesterday told NewsDay that the commission would consider conducting another voter registration blitz before the polls. “The …

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Rocco Morabito: Fugitive Mobster Handed Over To Italy

One of Italy’s most wanted men, mobster Rocco Morabito, has arrived in Rome after being extradited from Brazil, where he had been in hiding. Known as the “cocaine king of Milan”, Morabito was arrested in May last year in a joint operation by Brazilian and Italian police. The 55-year-old will …

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