Monday, July 27

Phillip Chiyangwa Stadium In The Works

IN a rare and audacious bid that is set to transform the face of sport in this country, Harare property mogul Philip Chiyangwa has revealed plans to build a multi-million- dollar modern stadium in Harare.

The Philip Chiyangwa Stadium will be built on a 16-hectare plot in Harare South’s Stoneridge.It is envisaged that the facility will have a hotel and a shopping mall adjacent to it

Chiyangwa, who is also the Cosafa president, revealed that the construction of the stadium will be a fulfilment of a dream he had since June 2011 when his company – Pinnacle Properties – secured a permit for the land from the Harare City Council.

Interestingly, the plan to build the stadium was hatched four years before Chiyangwa shot to football prominence when he won the Zifa presidency in December 2015.A year later, he became the leader of the Southern African football bloc – Cosafa – which is the Confederation of African Football’s biggest zonal grouping of 14 countries.

Chiyangwa told The Sunday Mail Sport that construction of the stadium will commence as soon as the relevant authorities approve his plans.“I have had this dream since 2011 when the Harare City Council issued a permit for the land. l intend to leave a legacy.

“In terms of sporting and entertainment facilities, Harare South has nothing. This facility will change that,” said Chiyangwa.

“We are sparing nothing in ensuring that we get a top of the range multi-purpose stadium.“After realising the challenges we are facing as a country with regards to stadiums, we have decided to accelerate this project.

“We are being condemned and banned by CAF at a time when we should be redeveloping our facilities and constructing new ones. There is urgent need to do something about the old stadiums, most of which are now dilapidated. We do not have a lot of state of the art multi-purpose venues in the mould of Moses Mabhida in Durban, which can stage boxing, athletics, musical concerts and conferences. We are playing our part in trying to resolve that challenge,’’ he said.

Chiyangwa said the decision to make the facility a multi-purpose one was inspired by his previous adventures in promoting boxing, music and wrestling.

Over the years, the flamboyant businessman hogged the limelight for hosting pop icon Michael Jackson, rhumba giant Pepe Kalle and World Wrestling Federation’s Bushwackers.

He also promoted a host of Zimbabwean boxing legends, including the pair of Proud “Kilimanjaro’’ Chinembiri and Gilbert Josamu (both late).

Although Chiyangwa could not be drawn into revealing his partners, Chiyangwa said a number of stakeholders will be involved in the project, including Government.

European football body UEFA, who are on a crusade to help build the capacities of the African game, are understood to be in line to play a key role in the project. This follows the UEFA president Aleksander Ceferin’s private visit to Zimbabwe during the Christmas holidays. Ceferin said UEFA is prepared to assist Africa with capacity building and providing sports infrastructure in appreciation of the vast contribution made by the continent’s stars in shaping and illuminating European football.

“We know very well that African players are playing an important role in European football, so we owe something to the other parts of the world, not just Europe. I don’t know if we have done something here yet. But I have already spoken to my people and l will connect with Phillip Chiyangwa, who is well known in European football.

“I think we can help quite a lot. Our principles are that we don’t send money anywhere. We send experts, we help in building infrastructure.

“But we don’t just invest and trust me, football-wise, this is the best organisation that you can have; not because of me and not since l am here but because football in Europe generates 85 percent of all the football in the world,” Ceferin said.

Ceferin’s family and colleagues visited various tourist resorts, included the majestic Victoria Falls, Matopos, Binga, Hwange and the Eastern Highlands. Chiyangwa also hosted the delegation.

Prior to hosting Ceferin, Chiyangwa had a high profile international delegation led by Fifa president Gianni Infantino, CAF president Ahmad (then a CAF presidential candidate) and several of the continent’s football associations’ heads at his birthday bash in Harare in 2017. Chiyangwa’s initiative, a rare feat at individual level, mirrors what national hero Eric Gwanzura and his brother Fanuel did during the colonial era when they built Gwanzura Stadium in Highfield, before the then Salisbury City seized control of the facility.

Sadly, Gwanzura has since been closed down as it is now an eyesore due to years of neglect by the Harare City Council.Harare projects manager Evans Munaku, who is finalising the technical drawings of the Philip Chiyangwa Stadium, believes that once the plans are approved, construction could take up to 24 months.

“The structure is designed to be a multi-disciplinary sports facility which endeavours to bridge urban social divides through sport and recreation. Therefore, it accommodates various sporting categories, from extreme sports like skateboarding, indoor rock climbing to water sports like swimming and diving, as well as track and field sports like soccer and athletics.

“The facility is designed to accommodate up to 40 000 people.“In addition, all levels are accessible to disabled persons by way of the integrated ramp system in the design.

“The facility houses other non-sporting functions such as a sports academy, with lecturing theatres, seminar rooms and conferencing rooms. There is a retail shopping facility and a health and beauty spar accommodated, as well as a sports betting and sports bar facility.

“For those wishing to experience a five-star sporting experience, the main arena is uniquely designed to accommodate VIP viewing booths.

“To top it off, the structure offers a social hub for interaction with full WiFi connectivity for digital gamers. The structure site is on a 16-hector plot and has a footprint of 40 000 square meters. From approval, construction should be completed within 24 months,’’ Munaku said

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Best Business Liability Insurance Plans for Small Companies in 2026

Why Business Liability Insurance Is Essential for Modern Businesses

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Running a successful business in today’s economy requires more than just excellent products and customer service. Every company, whether small or large, faces financial risks that can appear unexpectedly. From customer injuries to lawsuits and property damage claims, one legal issue can create major financial problems for a business that lacks proper insurance coverage. This is why business liability insurance has become one of the most important investments for entrepreneurs and growing companies in 2026.

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Business liability insurance protects companies against legal costs, medical expenses, settlements, and damages that may arise during normal operations. Many small business owners mistakenly believe lawsuits only happen to large corporations, but statistics show that small businesses are frequently targeted because they often have fewer legal protections and financial reserves. Even a simple customer accident inside a retail store or office can lead to thousands of dollars in legal expenses.

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Today’s business environment is also becoming more complex due to cybersecurity threats, online transactions, and remote work operations. Companies now need broader protection that covers both physical and digital risks. Modern insurance providers are responding by offering customized commercial insurance solutions designed specifically for different industries such as healthcare, construction, eCommerce, consulting, and technology services.

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Understanding the Different Types of Business Liability Insurance

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One of the most important steps when selecting coverage is understanding the different types of liability insurance available. Many companies require multiple forms of protection to reduce overall business risk effectively.

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General Liability Insurance

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General liability insurance is considered the foundation of business protection. It covers common risks including bodily injury claims, customer accidents, property damage, and advertising-related disputes. For example, if a customer slips and falls inside a business location, general liability insurance can help cover medical expenses and legal fees.

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This type of insurance is especially important for retail stores, restaurants, contractors, and businesses that interact directly with the public. Without adequate coverage, a single lawsuit could severely damage a company financially.

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Professional Liability Insurance

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Professional liability insurance, also called errors and omissions insurance, protects businesses that provide professional services or advice. Consultants, accountants, real estate agents, healthcare providers, and marketing agencies commonly use this type of coverage.

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If a client claims that poor advice, negligence, or mistakes caused financial losses, professional liability insurance helps cover legal defense costs and settlements. In today’s highly competitive environment, even minor misunderstandings can result in expensive legal disputes.

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Cyber Liability Insurance

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Cybersecurity threats continue increasing globally, making cyber liability insurance one of the fastest-growing insurance sectors. Businesses now store large amounts of customer data online, including payment details, personal information, and confidential business records.

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Cyber liability coverage helps businesses recover from data breaches, ransomware attacks, and hacking incidents. Coverage often includes legal support, customer notification expenses, forensic investigations, and reputation management services. As cybercrime becomes more advanced, many businesses now consider cyber insurance just as important as traditional liability protection.

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Factors Businesses Should Consider Before Choosing a Policy

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Selecting the right insurance policy requires careful comparison and planning. Many business owners focus only on monthly premium costs, but several other factors are equally important when evaluating coverage options.

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Coverage Limits

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Coverage limits determine the maximum amount an insurance company will pay for a claim. Businesses should ensure their limits are high enough to protect against worst-case scenarios. Companies operating in high-risk industries may require larger coverage amounts to avoid financial exposure.

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Deductibles

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Deductibles represent the amount a business must pay before insurance coverage begins. Policies with lower deductibles often have higher monthly premiums, while higher deductibles reduce monthly costs but increase out-of-pocket expenses during claims.

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Industry-Specific Risks

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Every industry faces different risks. A construction company may need strong worker injury and property damage protection, while an online business may prioritize cybersecurity and data protection coverage. Understanding industry-specific risks helps companies select the most effective insurance plan.

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Insurance Provider Reputation

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Businesses should research insurance providers carefully before purchasing coverage. Reading customer reviews, evaluating claim response times, and checking financial strength ratings can help companies avoid unreliable insurers. Fast claims processing and excellent customer support are extremely important during emergencies.

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Benefits of Bundled Commercial Insurance Packages

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Many insurance providers now offer bundled commercial insurance packages designed to simplify business protection. These packages combine multiple policies into one plan, often reducing overall costs while improving convenience.

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For example, a business owner may combine:

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  • General liability insurance
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  • Commercial property insurance
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  • Workers compensation coverage
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  • Cyber liability insurance
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  • Commercial auto insurance
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Bundled packages allow businesses to manage all insurance needs under one provider while reducing administrative complexity. Some insurers also offer discounts for businesses that bundle multiple policies together.

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How Insurance Helps Businesses Grow Safely

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Strong insurance protection does more than reduce financial risk. It also helps businesses grow confidently. Investors, lenders, and business partners often prefer working with insured companies because proper coverage demonstrates professionalism and responsible management.

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Some clients and government contracts even require businesses to carry minimum liability insurance before agreements can be signed. Having proper coverage can therefore create additional growth opportunities and improve business credibility.

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Insurance also provides peace of mind for business owners and employees. Knowing the company has financial protection during unexpected situations allows management teams to focus more on innovation, customer service, and long-term expansion strategies.

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Final Thoughts

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Business liability insurance remains one of the smartest investments companies can make in 2026. With legal risks, cybersecurity threats, and financial uncertainties continuing to rise, businesses must take proactive steps to protect their operations and future growth.

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Choosing the right combination of general liability, professional liability, and cyber liability insurance can help businesses avoid devastating financial losses while building long-term stability. By carefully comparing providers, understanding coverage options, and reviewing policies regularly, companies can create strong protection strategies that support both security and business success.

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Medicare Part D Plans: How Prescription Drug Coverage Works

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Medicare Part D Plans: Prescription Drug Coverage Explained

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Prescription drug costs can be one of the biggest concerns for people on Medicare.

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Medicare Part D helps pay for prescription medications. It is offered by private companies approved by Medicare.

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Medicare says Part D helps pay for brand-name and generic drugs, and it is optional coverage available to everyone with Medicare.

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Who Needs Medicare Part D?

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You may need Part D if you have Original Medicare and want prescription drug coverage.

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You may also receive drug coverage through a Medicare Advantage plan that includes Part D.

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Even if you do not take prescriptions now, Medicare says you should consider drug coverage to avoid a possible late enrollment penalty if you join later without creditable coverage.

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What Do Part D Plans Cover?

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Part D plans cover prescription medications, but each plan has its own formulary.

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A formulary is the list of covered drugs.

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Plans may organize drugs into tiers such as:

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Preferred generic
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rnPreferred brand
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rnSpecialty drugs

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The tier affects your cost.

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What to Check Before Choosing a Part D Plan

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Your Exact Medications

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List every medication, including:

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Drug name
rnDosage
rnQuantity
rnFrequency
rnPreferred pharmacy
rnGeneric or brand preference

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Small differences can change your annual cost.

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Pharmacy Network

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Some plans have preferred pharmacies where your cost may be lower.

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Check:

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Retail pharmacy pricing
rnPreferred pharmacy pricing
rnMail-order options
rnOut-of-network pharmacy rules

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Restrictions

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A plan may require:

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Prior authorization
rnStep therapy
rnQuantity limits

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These rules can affect access and cost.

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2026 Part D Out-of-Pocket Cap

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For 2026, Medicare says yearly out-of-pocket costs for Part D-covered prescription drugs are capped at $2,100. Once that cap is reached, you do not pay copayments or coinsurance for covered Part D drugs for the rest of the calendar year.

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This is important for people with expensive medications.

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Part D Late Enrollment Penalty

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If you go without Part D or other creditable prescription drug coverage for too long after becoming eligible, you may owe a late enrollment penalty.

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Medicare says the 2026 late enrollment penalty is calculated using 1% of the national base beneficiary premium, which is $38.99 in 2026, multiplied by the number of full uncovered months.

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Extra Help for Drug Costs

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Extra Help is a Medicare program for people with limited income and resources. It helps pay Part D premiums, deductibles, coinsurance, and other costs. Medicare says people receiving Extra Help also do not pay a Part D late enrollment penalty while they have Extra Help.

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Common Part D Mistakes

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Avoid:

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Choosing by premium only
rnNot checking your exact medications
rnIgnoring preferred pharmacy pricing
rnMissing enrollment deadlines
rnAssuming all plans cover all drugs
rnNot reviewing the plan each year
rnIgnoring prior authorization rules
rnFailing to apply for Extra Help if eligible

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How Often Should You Review Your Part D Plan?

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Review your Part D plan every year.

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Plans can change:

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Premiums
rnDeductibles
rnFormularies
rnDrug tiers
rnPharmacy networks
rnRestrictions
rnCopays

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Even if your plan worked last year, it may not be the best choice next year.

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Final Thoughts

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Medicare Part D can help reduce prescription drug costs, but the right plan depends on your medications and pharmacy.

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Before enrolling, compare formularies, drug tiers, pharmacy pricing, deductibles, and total annual cost.

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The best Part D plan is not always the cheapest monthly premium. It is the one that lowers your real prescription costs.

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