AUTHORITIES recently came up with several fiscal and monetary policies to shore up a fledgling economy that was characterised by high inflation and the depreciation of local currency against the greenback on both the official and black markets. Prices of basic goods were skyrocketing beyond the reach of ordinary people and the cost of doing…
Ashley MoyoENTERTAINMENT WRITERAmoyoa@dailynews.co.zwDARK cloud continues to hover over the Manatsa family following the death of Stella Manatsa, widow of the late legendary musician Zex. She passed away yesterday morning in her sleep at the age of 68— eight months after burying her celebrity husband— triggering an avalanche of tributes from stunned artists and other personalities….
BOTSWANA President Mogkweetsi Masisi is expected in the country tomorrow for a two-day State visit, during which he will officially open the…
LEADING financial services institution, Stanbic Bank, has demonstrated its resilience by posting an inflation- adjusted profit of $11.2 billion for the six months to June 30, 2022, up from $3.5 billion in the comparative period last year. The Standard Bank Group subsidiary shrugged off the difficult economic environment mired in inflationary pressures and a myriad…
THE first phase of a multi-million- dollar refurbishment programme has started at Harare’s five-star Meikles Hotel, featuring a significant renova- tion and redesigning of most public areas and the hotel’s south wing. Meikles Hotel general manager Tinashe Munjoma said the refurbishment programme had been delayed during the Covid-19 crisis, but was now under way, focusing…
CITIZENS Coalition for Change (CCC) interim vice president, Welshman Ncube, says the opposition should be ready to take on and defeat Zanu PF without electoral reforms in next year’s crunch national polls. Speaking during an online discussion on Monday night, Ncube said the ruling party was not willing to implement any electoral reforms, and hence…
Rutendo NgaraSTAFF WRITERngarar@dailynews.co.zw THE Reserve Bank of Zimbabwe (RBZ) says it will keep a tight leash on monetary policy, as the apex bank seeks to curb inflation, reduce the volatility of the local currency and stabilise the economy. This comes as the Zimbabwe dollar continues to recover against the greenback on the black market, with…
ZENGEZA West legislator Job Sikhala accused of obstruction of justice has been denied bail again with the court saying he and his lawyers had not addressed the reasons he was initially denied bail. Sikhala is alleged to have recorded a video and uploaded it online while addressing mourners at Moreblessing Ali’s funeral, claiming that she…
THE tussle for the Bulawayo deputy mayoral position has spilled into the courts after councillor Mlandu Ncube yesterday filed a High Court application seeking to bar Tinashe Kambarami from being reinstated to the position. This comes after the Bulawayo High Court recently reinstated Kambarami as deputy mayor and councillor for Ward 3 ending a three-year…
RIOT police had to be called in yesterday after a parliamentary portfolio committee on Youth conducting a public hearing on the National Youth Service (NYS) Bill here was violently disrupted by Zanu PF youth who felt that one of the contributors had disrespected their party. Zanu PF Bulawayo provincial youth chairperson Freedom Murechu yesterday confirmed…
