Chanakira to sponsor controversial Zanu PF linked Journalists Union

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HARARE - Zanu PF banker Nigel Chanakira and his Kingdom Financial Holdings Limited will engage the controversial Zimbabwe Union of Journalists to sponsor an annual award for journalism excellence in business and financial reporting.

Addressing a media function in Harare on Wednesday, Kingdom co-founder and non executive director Mr Nigel Chanakira said the award would be part of ZUJ’s annual journalism awards held every year to reward the country's best writers. Kingdom wanted to make it a "prestigious" award that will recognise the best finance and business writer in the country.

He said the decision to sponsor the award was made in recognition of the important role the media plays in the economic development of Zimbabwe.

He said Kingdom, being a publicly listed company, was keen to see particularly the business and financial media up-skilled so that they can be able to properly report on companies listed on the Zimbabwe Stock Exchange in particular. The group would consider other initiatives to help the business and finance media improve their reporting standards.

Mr Chanakira urged the media to continue to uphold High standards of reporting, focusing more on facts than speculative journalism.

Kingdom was also expecting to make significant announcements in the first quarter of 2010 relating to its expansion programme in Zimbabwe and beyond.

"All I can say is watch this space," Mr Chanakira said.

Already, the group is working on plans to re-list its shares on the Zse following the successful demerger from Kingdom Meikles Africa.

It is also mulling a listing on the Johannesburg Stock Exchange’s Pan Africa Board.

A group of disgruntled journalists met in Harare On Monday night and resolved to challenge in court last week's election of a new Zimbabwe Union of Journalists (ZUJ) executive.

Guthrie Munyuki, one of the journalists contesting the process, said scribes from the independent and state media who met at the Quill club want the elections annulled, alleging serious flaws.
'We resolved to seek recourse within the courts because the process was fundamentally flawed. We are seeing our lawyers tomorrow (Wednesday) to finalize our case and then take it to the High court,' Munyuki said.

There are allegations that interference from officials in the Ministry Of Information And Publicity contributed to the mayhem that characterized the elections. Questions are still being asked why the venue of the congress was abruptly switched to a remote place, Ho... ...

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