Gold prices rose to a seven year high on Monday, extending the previous session’s gains as coronavirus infections and deaths climb, causing a break above a key $1,315 an ounce technical level fuelled buying. Dealers remained cautious on whether the gains can be sustained, however, as outflows from the top physical gold exchange-traded fund continued…
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday defended the licensing of more service stations with free funds to purchase and sell fuel in foreign currency, arguing that it will lessen the burden on the fiscus. Speaking before Parliament’s budget committee, Mangudya said the country will be able to save over US$200 million, which…
A MAZOWE miner has dragged Home Affairs minister Kazembe Kazembe to the High Court demanding over US$1 million, for losses incurred after his mine was reportedly taken over by the police between 2017 and 2019. Francis Mazarura, who claims to be the owner of Litalute Gold Mine said he and his workers were displaced from…
THE exhumation and reburial of Gukurahundi victims should be overseen by the National Peace and Reconciliation Commission (NPRC) and not the State which is a conflicted party, activists and analysts have said. This comes after Justice ministry permanent secretary Virginia Mabiza told State media recently that President Emmerson Mnangagwa will superintend the implementation of resolutions…
THE Zimbabwe School Examinations Council (Zimsec) is pushing for stiffer penalties against people who leak examination papers that are costing the body millions of dollars in resets and at times rewriting of national examinations. Currently, convicted offenders get away with lenient sentences like community service. Zimsec director Lazarus Nembaware told a parliamentary portfolio committee on…
THERE have been gross human rights violations in Zimbabwe since attainment of Uhuru in 1980. The most brutal human rights violations took place in Matabeleland and the Midlands provinces between 1983 and 1987 when over 20 000 civilians were slain by a North Korean-trained crack unit, the dreaded red-bereted 5th Brigade, in what the government…
AS THE country’s economic woes continue to bite, it has also emerged that Zimbabwe is losing billions of American dollars yearly due to its high incidences of sexual and other gender-based violence (SGBV), the Daily News reports. This comes as Zimbabwe is struggling to meet its Sustainable Development Goals (SDGs) targets — which were adopted…
THE United Nations (UN) deputy secretary-general Amina Mohammed has called for regional collaboration in ending armed and non-armed conflicts, saying they are an impediment to the achievement of sustainable economic development. Mohammed said this during the regional coordination mechanism dialogue session with African Union representatives at the 6th session of the Africa Regional Forum on…
A NEW economic blueprint that is set to replace the Transitional Stabilisation Programme (TSP) will be launched in September, according to the Finance ministry. The ministry said the National Development Strategy (NDS) will cover the period 2021 to 2025, while its successor NDS2, will run from 2026 to 2030. The TSP was rolled out in…
A ZIMBABWEAN film that raises awareness against poaching and human trafficking has been recognised in the United States (US). Titled Gonarezhou The Movie, the film was on Sunday crowned the Best First Feature Narrative at the Pan African Film Festival (Paff) in Los Angeles together with Nigerian film Coming From Insanity. Written and directed by…
