THE Reserve Bank of Zimbabwe (RBZ) estimates that over US$2 billion is circulating in the informal sector in the country. This is too much money outside the country’s formal banking system and the major question is why is the situation like that. Several theories have been bandied around to try and explain this sad scenario…
HARARE giants CAPS United’s pursuit for a maiden Chibuku Super Cup title received a huge boost after versatile defender Valentine Musarurwa returned to full training ahead of the resumption of the tournament. The Chibuku Super Cup resumes tomorrow almost three months after it was halted at the height of Covid-19 infections and Musarurwa, who only…
TRANSPORT minister Felix Mhona, pictured, says the refurbishment and expansion of local airports is a necessity which has the potential to spur the country’s tourism as well as economic growth This comes as the Robert Gabriel Mugabe International Airport, which is being refurbished under a US$153 million loan facility, is nearing completion. Upon completion, the…
EIGHT financial institutions that were allegedly involved in foreign currency dealings in Harare through EcoCash bulk payer lines, yesterday appeared in court for violating some sections of the Exchange Control Regulations. Titanium Capital (Pvt) Limited, Dream High Investments (Pvt) Limited, Access Finance (Private) Limited, Tererati (Private) Limited, Vision Credit Source (Private) Limited, Capital Profit Financial…
THE Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) has granted telecommunication operators the go ahead to increase out-of-bundle tariffs by an average of 30 percent as the industry continues to battle rising input costs. State-owned mobile network operator NetOne was the first to adjust its charges on Sunday, while Econet Wireless Zimbabwe and TelOne…
ACTING on the belief that President Emmerson Mnangagwa and the ruling Zanu PF respect their wishes, the indignant family of the late former president Robert Mugabe says it has completed building a mausoleum of their own for their long-ruling patriarch at his grave in Zvimba. This confirms the family’s resolve to resist to the bitter…
THE Zimbabwe Anti-Corruption Commission (Zacc) chairperson, Loice Matanda-Moyo, has emphasised the importance of protecting whistle-blowers if the country is to win the war against graft. This comes as Zacc has made proposals to Cabinet for the amendment of the constitution which would see whistleblowers being protected. It also comes as the country continues to score…
Melisa Chatikobo THE government is reforming agricultural parastatals as part of its efforts to build a bigger US$8,5 billion agro-economy in which marginalised small-scale farmers have a key role to play. Speaking during a well-supported webinar yesterday that was organised by the Daily News, in partnership with the Zimbabwe Farmers Union (ZFU) and the Zimbabwe Commercial…
Melisa Chatikobo FARMERS and agriculture experts want the government to quickly act on the rogue parallel market which is now forcing the prices of inputs to skyrocket beyond the reach of many. This comes as the local currency which has been stable against the greenback on the foreign currency auction system has been under siege…
ZANU PF secretary for security Lovemore Matuke, says while the ruling party condemns the violence which disturbed its restricting exercise at the weekend, it is a sign there is enough competition and the party is growing. Matuke told the Daily News that the party will deal decisively with the violence mongers, who caused some of the former…
