FOREX ROW HITS ASPINDALE PARK

Aspindale Park owners, Marimba Industrial Properties Limited,
have come under fire from homeowners who purchased stands at their property
after it allegedly revalued outstanding instalments for stands using the
interbank rate of 2,5 RTGS dollars to t…

Aspindale Park owners, Marimba Industrial Properties Limited, have come under fire from homeowners who purchased stands at their property after it allegedly revalued outstanding instalments for stands using the interbank rate of 2,5 RTGS dollars to the United States dollar. Two of their clients have since instructed Alex F and Associates Attorneys to demand that the property moguls reverse

CYCLONE : MACHESO SHOW GOES AHEAD

Sungura maestro, Alick Macheso, refused to let the raging Cyclone Idai-induced floods get in his way as he gave a scintillating performance at Club Lagoon in Masvingo on Saturday night.

The cyclone has claimed at least 70 lives with 65 deaths having b…

Sungura maestro, Alick Macheso, refused to let the raging Cyclone Idai-induced floods get in his way as he gave a scintillating performance at Club Lagoon in Masvingo on Saturday night. The cyclone has claimed at least 70 lives with 65 deaths having been confirmed in Manicaland, four in Masvingo’s Bikita district and one in Mashonaland East. Infrastructure comprising roads, bridges and houses

MASVINGO DEFIES CHAMISA : I’M NOT STEPPING DOWN

Tension continues to mount within the beleaguered MDC,
as Masvingo Mayor Councillor Collins Maboke yesterday vowed to continue with
his duties at Town House despite being ordered to step down by party leader Mr
Nelson Chamisa.

Mr Chamisa met membe…

Tension continues to mount within the beleaguered MDC, as Masvingo Mayor Councillor Collins Maboke yesterday vowed to continue with his duties at Town House despite being ordered to step down by party leader Mr Nelson Chamisa. Mr Chamisa met members of his party’s provincial executive at the weekend at a tension-filled meeting at Mucheke Hall where he gave Cllr Maboke a one-week ultimatum to

Beira city ’90 percent destroyed’ by Cyclone Idai, hundreds dead

Source: Beira city ’90 percent destroyed’ by Cyclone Idai, hundreds dead | News | Al Jazeera Filipe Nyusi says more than 100,000 are at risk after storm hit Mozambique, Malawi and Zimbabwe. President Filipe Nyusi feared the death toll could rise to 1,000 in Mozambique in the wake of Cyclone Idai he said in a […]

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Source: Beira city ’90 percent destroyed’ by Cyclone Idai, hundreds dead | News | Al Jazeera

Filipe Nyusi says more than 100,000 are at risk after storm hit Mozambique, Malawi and Zimbabwe.

President Filipe Nyusi feared the death toll could rise to 1,000 in Mozambique in the wake of Cyclone Idai he said in a nationwide address on Monday.

“For the moment we have registered 84 deaths officially, but when we flew over the area … this morning to understand what’s going on, everything indicates that we could register more than 1,000 deaths,” he said.

So far the total death toll has risen to at least 215 after the storm tore into central Mozambique last week before continuing on to Zimbabwe and Malawi, bringing flash floods and ferocious winds.

At least 126 people were killed in Mozambique and Malawi, according to the Red Cross, and Zimbabwe’s information ministry on Monday put the number of dead at 89 in the country.

Most of the deaths in Mozambique happened in the central port city of Beira, 90 percent of which was destroyed, according to the International Federation of Red Cross and Red Crescent Societies (IFRC).

A large dam burst on Sunday in the city, cutting off the last road to the city of about 530,000 people, the IFRC said in a statement.

“The scale of damage caused by Cyclone Idai that hit the Mozambican city of Beira is massive and horrifying,” it said.

The IFRC warned that the death toll could rise once the full scale of the devastation is known, with further heavy rains expected.

The cyclone destroyed 90 percent of Beira, according to the Red Cross [Adrien Barbier/AFP]

Hundreds are missing and more than 1.5 million people have been affected by the widespread destruction and flooding.

“First came ferocious winds and torrential rain that lasted almost four days. It only eased up a short while ago,” said Al Jazeera’s Malcolm Webb, reporting from central Mozambique.

“The damage is extensive even 300km [from the cyclone’s landing area] where we are. Hundreds of houses are destroyed in this district alone. People are sheltering in schools or with neighbours.”

Euloge Ishimwe, the IFRC’s Africa region communications manager, told Al Jazeera from Kenya‘s capital Nairobi that the shelters were immediate needs, but healthcare, clean water supply and sanitation also were high priorities.

“These are some of the things we are trying to provide. Mozambique Red Cross volunteers are already on the ground as well as the IFRC’s international team,” he said.

Neighbouring Zimbabwe

In Zimbabwe, Idai tore across the eastern and southern parts of the country, a government official said on Monday, creating a humanitarian crisis in a nation grappling with economic woes and a drought.

Chimanimani district has been cut off from the rest of the country by torrential rains and winds of up to 170km an hour that swept away roads, homes and bridges and knocked out power and communication lines.

Rescuers are struggling to reach people in Chimanimani, many of whom have been sleeping in the mountains since Friday after their homes were flattened by rock falls and mudslides or washed away by torrential rains.

Many families cannot bury the dead due to the floods.

The government has declared a state of disaster in areas affected by the storm, the worst to hit the country since Cyclone Eline devastated eastern and southern Zimbabwe in 2000.

The country of 15 million people is already suffering a severe drought that has wilted crops.

United Nations humanitarian agency says 5.3 million people will require food aid.

Chimanimani district has been cut off from the rest of Zimbabwe [Tony Saywood via Reuters]

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TN Livestock to  re-open Cattle Bank

Source: TN Livestock to  re-open Cattle Bank | Daily News TN LIVESTOCK Trust (Private) Limited (TN) is set to re-open a cattle bank in Featherstone, in a move that will recognise cattle as a bankable asset. In a notice, TN — named after its founder, financier and social innovator Tawanda Nyambirai — said a minimum […]

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Source: TN Livestock to  re-open Cattle Bank | Daily News

TN LIVESTOCK Trust (Private) Limited (TN) is set to re-open a cattle bank in Featherstone, in a move that will recognise cattle as a bankable asset.

In a notice, TN — named after its founder, financier and social innovator Tawanda Nyambirai — said a minimum of $25 million will be set aside at Steward Bank Limited from which cattle depositors will be able to borrow. According to the concept initiated in 2013, farmers seeking loans deposit their livestock with the trust, which is then placed on farms managed by experts.

“We shall be reopening for cattle deposits at our Featherstone Farm from May 1, 2019. Bank your cattle with us and in return be issued with a certificate of deposit that will give you access to loans.

“For breeding stock, the minimum deposit period is five years from date of deposit or the date a heifer reaches two years of age. For depositing your beef stock with us, you will be entitled to interest at 10 percent per annum on the value of the deposit from the date of deposit or, in relation to calves, from the date the calves reach two years of age,” the company said.

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