The Financial Gazette to launch a daily publication

Modus publications, publishers of the weekly, The Financial Gazette, have announced the launch of a daily evening paper, The Daily Evening Gazette beginning next week. The company becomes the second since the beginning of the year to announce its intention to launch a new daily after the ZimInd Publishers, publishers of the Zimbabwe Independent and The Standard weeklies announced plans to launch the daily paper, NewsDay.

Chief Executive Officer of The Financial Gazette, Jacob Chisese, said that the paper applied for a license to operate daily from the Media and Information commission in 2007 but abandoned plans when the newspaper industry became less viable, owing to the country’s harsh economic environment.

Zimbabwe’s newspaper industry was affected particularly by the price and availability of news print and other raw materials as well as price controls.

Chisese said that the company felt that now was an opportune time to launch as a lot of ground has been covered in capitalizing the project such as putting the equipment together and ensuring that the expertise are in place and that the new publication would continue to uphold the companies values of fearless, balanced, fair and authoritative reporting. Since the closure of the Associated Newspaper groups, The Daily News in 2003, the only daily newspapers in circulation are provincial state-controlled dailies, The Herald and The Chronicle.

Rashweat Mukundu
Programme Specialist: Media Freedom Monitoring
MISA Regional Secretariat
21 Johann Albrecht Street
Private Bag 13386
Windhoek, Namibia
Tel: + 264 61 232 975
Fax:+264 61 248016
Mobile: 00 264 813 675 362
E mail rashweat@misa.org, misaalerts@gmail.com

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