HARARE – Government is set to inject more bond notes into the system in what is likely to significantly ease the cash crisis with negotiations for a top-up of the initial $200 million facility now at an advanced stage, the Daily News can exclusively reveal. Without disclosing the figure being negotiated for, Reserve Bank of…
HARARE – Disgruntled liberation war fighters are on the verge of forming a new political party whose leader would contest their former patron — President Robert Mugabe — at next year’s elections. The war veterans have grown increasingly disillusioned with Zanu PF’s rule and the fact that they are no longer at the centre of…
HARARE – Opposition leader Morgan Tsvangirai is racing against time to form the much-anticipated grand coalition of opposition parties ahead of a self-imposed July 31 deadline. Early this month, a buoyant Tsvangirai declared that the proposed alliance would be signed, sealed and delivered by month-end so that the parties to the coalition can have ample…
HARARE – Popular Harare pub and grill restaurant Rufaro Shisanyama has been ordered to demolish its VIP section by end of this week following an inspection visit of the premises by the city council which said the extended structure was built illegally. The owners have been given up to Sunday, failure of which they will…
HARARE – Zimbabwe’s inflation, which has been increasing in the last six months, has gone down slightly as the effects of cash shortages and depressed spending by consumers begin to be felt. Figures released yesterday by the Zimbabwe National Statistics Agency (Zimstat) indicated that prices increased by an average of 0,31 percent between June 2016…
HARARE – The Zimbabwe National Army (ZNA) has justified its eviction of 200 villagers from Lazy Nine Farm in Banga Village, Shurugwi South saying the area is a military protected area. “The area is an officially gazetted cantonment area as stipulated under the Government Gazette Notice No. 802/1978,” lieutenant colonel Alphios Makotore, the director Army…
HARARE – Zimbabwe has increased the limit of the amount of money consumers can use in online payment platforms amid an explosion of online and mobile payment transactions. “In line with the goal to encourage the use of electronic means of payments, the limits have been broadened to facilitate payments by the transacting public and…
HARARE – Parliament is pressing the executive arm of government to ensure that it makes delayed salary payments to thousands of workers at struggling State-owned National Railways of Zimbabwe (NRZ). “Employees are owed over $90 million in outstanding salaries while debts have ballooned to a staggering $176 million,” said the parliamentary portfolio committee on Transport…
HARARE – Vice President Phelekezela Mphoko has called for sweeping law reforms which impose stiffer penalties such as cutting hands and shooting people tried and found guilty of corruption. Mphoko’s calls are at odds with his colleague — Vice President Emmerson Mnangagwa who has publicly said he is against death penalty — a position which…
BULAWAYO – War veterans minister Tshinga Dube has defended outspoken former Cabinet minister Christopher Mutsvangwa saying he had nothing to do with the stinging communiqué which offended President Robert Mugabe last year, adding the State has failed to identify its authors. Mutsvangwa is the chairman of the Zimbabwe National Liberation War Veterans (ZNLWVA) who ended…
