HARARE – Government is considering amending the policy which prohibits doctors from advertising in the media, Health and Child Care minister David Parirenyatwa has said. Chegutu East Zanu PF MP Webster Shamhu asked in the National Assembly what government’s policy was on the matter. This comes after doctors proposed to government sweeping amendments to the…
HARARE – Business tycoon Billy Rautenbach’s Macdom and Rating company owes the Zimbabwe National Water Authority (Zinwa) $2,5 million in unpaid water bills. The debt is for irrigation water Zinwa supplied to Macdom and Ratings’ huge sugarcane plantations in Chisumbanje and Middle Sabi areas. Macdom and Ratings Investments is in a joint venture with government’s…
HARARE – The move by the Reserve Bank of Zimbabwe (RBZ) to increase the current $200m bond notes in the Zimbabwean economy to $500m must be backed by equivalent amounts of US dollars to help defend the value peg, the NKC African Economics think-tank has said. To allay market fears that the introduction of an…
HARARE – Thousands of families arriving at the Tongogara Refugee Camp are being housed in small, substandard housing and half-built shelters donated by the United Nations. Vice President Emmerson Mnangagwa said all refugees deserved to live in safe shelter. Mnangagwa told the UN High Commission for Refugees (UNHCR) country representative Robert Tibagwa during a familiarisation…
HARARE – The stock of Treasury Bills (TBs) and bonds in issue increased 28,2 percent to $2,5 billion at the end of June from about $1,95 billion recorded in April, the central bank governor has said. Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday said the bulk of the instruments — about $826,8…
HARARE – Zimbabwe is targeting an annual inflation rate of between two percent to three percent this year, in line with the regional benchmark, after a two-year deflation streak was snapped in February. Reserve Bank of Zimbabwe governor John Mangudya on Wednesday said although inflation is expected to remain in the positive territory throughout this…
HARARE – Recent developments within the mainstream MDC led by Morgan Tsvangirai, which point to the reality that the party is broke, is sad news. Sad news because, as the biggest opposition political party in the country that has “consumed” other small parties to form a grand coalition, everyone would have thought the MDC had…
HARARE – The Reserve Bank of Zimbabwe’s decision to introduce an additional $300 million bond notes will not help ease the current cash crisis. There was a lot of excitement and apprehension last year when the central bank introduced the $200 million Afreximbank-backed bond notes, with the majority of people hoping that the export incentive…
HARARE – Former South African leader Thabo Mbeki is said to have held a private meeting with some of the top security chiefs on Tuesday, amid growing concerns in the southern African region over worsening Zanu PF succession wars, the Daily News can report. Mbeki flew into the country with a group of investors at…
HARARE – Former South African leader Thabo Mbeki attended Tuesday’s Cabinet meeting before holding a meeting with the country’s security chiefs and President Robert Mugabe amid growing concerns in the southern African region over worsening Zanu PF succession wars, the Daily News can report. Mbeki flew into the country with a group of investors at…
