Investor Hosting Centre boss advocates for prioritizing domestic capital
via NewsDay Zimbabwe1 min read
The Investor Hosting Centre boss has emphasized the importance of prioritizing domestic capital. Other news includes concerns about water governance following a Bulawayo dam tour, rising confidence in ZMX as trades reach US$1.28 million, and political tensions leading to violent attacks and forced evictions at grasslands plots. Additionally, the stability of VFEX is noted to mask underlying value, and Zanu PF is anticipated to ambush Zimbabwe towards a referendum. There are also reports of the CIO questioning ministers and MPs regarding a CAB3 snub, and Lubimbi villagers seeking relocation to their ancestral land. Junior water polo teams are preparing for global competition, and Tongaat Hulett has promised a larger Lowveld ProAm future.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Must ReadZimbabwe's Senate recently debated the Constitution of Zimbabwe Amendment Bill No. 3 CAB3, with the government suspending its rules to extend the session. The Bill, which has already passed the National Assembly, is seen by some as a move to allow President Emmerson Mnangagwa to seek a third term. Zanu PF senators and traditional chiefs voiced strong support for CAB3, citing the need for "stability" and to achieve "Vision 2030," with some arguing that the current five-year term is too short for development projects. Chief Matsiwo called Justice minister Ziyambi Ziyambi an "angel" for introducing the Bill, while Chief Chinyanga declared President Mnangagwa’s "Vision 2030 is unstoppable." Women’s Affairs minister Monica Mutsvangwa supported extending the President's time, stating, "If it is not broken, do not fix it. Let him have more time driving this country to where it should be." Senator Sithabisiwe Moyo of the Citizens Coalition for Change CCC warned that the Bill is a "co-ordinated scheme" to consolidate power and remove accountability, stating, "That is how democracies die, not in a single moment, but through incremental extensions of power without accountability." Senator Sessel Zvidzai CCC criticized the government for not holding a national referendum, arguing that the Constitution belongs to the people. The Senate is expected to vote on CAB3 this week before it is sent to President Mnangagwa for his signature. The National Assembly passed the Bill with support from C
President Emmerson Mnangagwa has paid tribute to the late Vice-President Joshua Mqabuko Nyongolo Nkomo, describing him as a "gentle giant and passionate nation-builder" on the 27th anniversary of his death. Nkomo, also known as “Chibwe Chitedza”, “Umdala Wethu”, and “Father Zimbabwe”, passed away on July 1, 1999, at the age of 82. In his commemoration message, President Mnangagwa highlighted Nkomo's dedication to the liberation and service of his country, noting his start as a trade unionist and his entry into active politics to free his homeland from colonial rule. Mnangagwa praised Nkomo as a revered nationalist and Pan-African freedom fighter who championed selflessness, love, unity, peace, hard work, and honesty. Nkomo was a co-architect of the Unity Accord, signed on December 22, 1987, which aimed to end the Gukurahundi atrocities and establish national cohesion. President Mnangagwa stated that this accord remains the foundation of Zimbabwe's stability and cohesion, and his administration is committed to honoring Nkomo's legacy as the country progresses with the final phase of its National Development Strategy 2026-2030.
Must ReadZimbabwe's cricket team achieved a historic milestone by completing a series sweep over Bangladesh, winning the one-off Test by an innings and 85 runs at Harare Sports Club. Captain Richard Ngarava highlighted this as the first time the national side has won back-to-back Test series. Ngarava attributed the victory to the collective effort and hard work of the squad, rather than individual brilliance. He also praised seamer Blessing Muzarabani, who became Zimbabwe's third-highest wicket-taker in Test history, and young paceman Newman Nyamhuri for his eagerness to learn. The captain noted that home conditions and past experiences contributed to the team's growth. Bangladesh head coach Phil Simmons admitted his side's poor batting performance, particularly on the first day, led to their defeat, acknowledging Zimbabwe's superior adaptation to conditions. Despite the loss, Simmons stated that it would not diminish the team's confidence, citing their recent strong run of five consecutive Test wins, and viewed it as a hard lesson to learn.