Reporting by Nyasha Chingono; Writing by Nellie Peyton; Editing by Alexander Winning
Business
Munyeza, wife Wilma spared jail in race to repay US$100000 loan – The Zimbabwe Mail
HARARE – Embattled businessman Shingi Munyeza and his wife, Wilma, were spared jail by the High Court last Friday after a former neighbour they owe US$100,000 filed an application to have them committed to prison.
Business executive Marjorie Mutemererwa had told the court that Munyeza was in default of an earlier court ruling directing that he pays five equal installments of US$22,000 – including legal fees – by January 30, 2024.
Justice Samuel Deme of the Harare High Court dismissed the application, finding that Munyeza was complying with the payment order – although there was a dispute over the payment of October’s installment.
Mutemererwa said Munyeza, who paid his first installment in September, had only paid US$7,315 in October. Munyeza’s lawyer, however, argued that the remainder of US$14,685 was with the High Court Sheriff, proceeds of the sale of his vehicle which was seized.
Justice Deme accepted Munyeza’s explanation and ruled that he was not in default, and there was no reason to send the former pastor to jail.
The next installment of US$22,000 is due by November 30, 2023.
Mutemererwa, who was Munyeza’s neighbour in Borrowdale Brooke, sued the former cleric in March this year after he failed to pay back a US$100,000 loan. Munyeza and his wife borrowed the money on January 21 this year, promising to give Mutemererwa back the full sum by January 31 of the same month.
The couple, who are also indebted to a Zambian micro-finance lender which has seized their US$1 million house and movable properties, failed to return Mutemererwa’s money prompting her to file the court application.
Munyeza and his wife mounted a vigorous fight and even tried to convert their debt to Zimbabwe dollars but lost at the High Court.
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Business
Zimbabwe’s economy seen growing 5.5% in 2023 – finance minister – Reuters
HARARE, Nov 30 (Reuters) – Zimbabwe’s economic growth is expected to end the year at 5.5% in 2023, slightly higher than previously forecast, before falling to 3.5% in 2024 due to drought, Finance Minister Mthuli Ncube said in a speech on Thursday.
The budget deficit is expected to end the year at 1.2% of GDP, he said.
Annual inflation is projected to end the year at 20% and then fall to between 10% and 20% in 2024 due to tight monetary policy, Ncube said.
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Business
Uganda qualify for T20 World Cup as Zimbabwe miss out – Business Recorder
PARIS: Uganda will make their first appearance at a cricket World Cup next year after qualifying on Thursday for the T20 tournament to be hosted by the West Indies and the United States.
A nine-wicket win over Rwanda secured Uganda second place in the African regional qualifying event, joining Namibia at the 2024 T20 World Cup while eliminating Zimbabwe from contention.
Uganda bowled Rwanda out for just 65 and knocked off the runs in 8.1 overs to record their fifth win in six matches in Windhoek.
Qualifying hosts Namibia sealed their spot on Tuesday with a 58-run win over Tanzania, ensuring they will play at a third consecutive T20 World Cup.
Zimbabwe, who lost to both Namibia and Uganda, will miss out for the second time in three editions. They did not participate in the 2021 showpiece after the ICC suspended Zimbabwe’s membership because of government interference.
Zimbabwe also failed to reach the last two 50-over World Cups. Their recent absence in India cost them the chance to qualify for the 2025 Champions Trophy.
Business
Uganda qualify for T20 World Cup as Zimbabwe miss out – Business Recorder
PARIS: Uganda will make their first appearance at a cricket World Cup next year after qualifying on Thursday for the T20 tournament to be hosted by the West Indies and the United States.
A nine-wicket win over Rwanda secured Uganda second place in the African regional qualifying event, joining Namibia at the 2024 T20 World Cup while eliminating Zimbabwe from contention.
Uganda bowled Rwanda out for just 65 and knocked off the runs in 8.1 overs to record their fifth win in six matches in Windhoek.
Qualifying hosts Namibia sealed their spot on Tuesday with a 58-run win over Tanzania, ensuring they will play at a third consecutive T20 World Cup.
Zimbabwe, who lost to both Namibia and Uganda, will miss out for the second time in three editions. They did not participate in the 2021 showpiece after the ICC suspended Zimbabwe’s membership because of government interference.
Zimbabwe also failed to reach the last two 50-over World Cups. Their recent absence in India cost them the chance to qualify for the 2025 Champions Trophy.
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