HARARE – The Reserve Bank of Zimbabwe (RBZ) has issued nearly half a billion dollars’ worth of bonds and Treasury Bills (TBs) since the beginning of the year to repay part of the central bank’s decade-long debt to financial institutions, corporates and farmers. John Mangudya, the RBZ governor in his maiden monetary statement on Monday…
HARARE – Zimbabwe and China have signed an agreement on cooperation in nine key fields of the economy. The framework agreement, which will be in force for years, was signed in the presence of Chinese president Xi Jinping and Zimbabwean President Robert Mugabe, who is on a four-day official visit to Beijing. The agreement aims…
HARARE – As the succession war in Zanu PF escalates to unprecedented levels, the faction-ridden party has called for an emergency meeting at its headquarters today to try and put a lid on the damaging public fights being waged on who will succeed President Robert Mugabe. While party officials were cagey on the details of…
HARARE – First Lady Grace Mugabe is being betrayed by men in Zanu PF who are refusing to back her recent appointment, but she is not going away, Oppah Muchinguri, outgoing secretary for the Women’s league said yesterday. Male party officials are said to be refusing to endorse a First Lady they see as a…
HARARE – Hwange magistrate Lindiwe Maphosa yesterday sentenced a Zambian poacher to 10 years in prison with hard labour for illegal possession of ivory and a firearm. John Makhina appeared in court facing charges of unlawful possession of tusks, violation of the Immigration Act and illegal possession of a 375 rifle. He was arrested on…
BULAWAYO – A Pumula man has been jailed for 12 years for raping two minors aged four and six years old. Brendon Zolani Moyo, 21, who pleaded not guilty to rape, was jailed by magistrate Sikhumbuzo Nyathi at the Bulawayo Regional Courts. He looked calm even after sentence. Moyo was sentenced to eight years for…
HARARE – Zimbabwe will continue using multiple foreign currencies for the foreseeable future until production levels have increased, the central bank has said. This comes as various stakeholders in the country have been debating the longevity of the multiple currency system. Zimbabwe ditched its local currency in 2009 after it was rendered worthless by hyperinflation….
HARARE – Zimbabwe’s military will influence the outcome of the forthcoming Zanu PF congress to ensure their proxies triumph and secure their interests, analysts said yesterday. President Robert Mugabe, who has entrenched his rule on the backing of the securocrats, is heading off a deepening factional war in his ruling party that he has led…
MUTARE – Two men appeared in court here for allegedly possessing 225kg of mbanje. The dagga was recovered by police in Nyamaropa near Nyanga. Amon Mdhela, 35, of 1394 Epworth and Doubt Sapali, 37, of 14187 Kuwadzana Extension in Harare, were arrested on August 24. They face charges of unlawfully dealing in dangerous drugs as…
HARARE – Lazarus Dokora (LD), the minister of Primary and Secondary Education talks to Daily News reporter Mugove Tafirenyika (MT) over the changes that he has introduced in the education sector since his appointment last year. Below are excerpts of the interview. MT: Since you came into office, you introduced a raft of changes into…
