Business

Time Bank’s phased reopening shapes up

TIME Bank of Zimbabwe (Time Bank) significantly boosted its balance sheet during the year ended December 31, 2023 as its strategic phased approach to its operations continued to pay -off. The bank is aiming to raise its capitalization from US$7,2 million to US$30 million by December 31, 2024 in line with minimum regulatory targets for…

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Tobacco seed sales up by 20 percent

BY STELLA MADZIVANYIKA TOBACCO seed sales for the 2024/25 farming season have reportedly increased by 20 percent compared to the same period last year. This comes as farmers are expecting to receive normal to above normal rains during the upcoming farming season. The increase in the sale of tobacco seeds was confirmed by the Famine…

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CCC MP wanted for rape

BY MASIMBA MAKWEMBERE THE Citizens Coalition for Change (CCC) MP for Glen View North, Happymore Chidziva, is wanted by the police over rape charges. In a statement yesterday, the police national spokesperson, Paul Nyathi, confirmed the police had received a report for rape against the legislator. “The police confirm that a report of rape allegations…

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Zanu PF Masvingo in call for constitutional amendments

ZANU PF’S Masvingo Province becomes the latest chapter in the ruling party to call for amendments to the national constitution to allow President Emmerson Mnangagwa’s term to be extended. Mnangagwa’s second and final term is expected to end in 2028. However, Zanu PF Masvingo Province’s calls come after Harare and Mashonaland West provinces have already…

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Magunje man jailed 7 years for possessing 180kg of dagga

A 27 YEAR-OLD Magunje man, Stewart Nyamufarira, has been jailed for seven years after he was found in possession of 188kg of dagga. He was convicted and sentenced at the Karoi Magistrates’ Court on unlawful dealing in dangerous drugs charges. “The accused person was convicted and sentenced to seven years imprisonment of which one year…

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Zimplats assists people with albinism

BY STELLA MADZIVANYIKA LEADING miner, Zimbabwe Platinum Mines took the opportunity at the just-ended Zimbabwe Agricultural Show (Zas) to give out free sunscreen lotions to people living with albinism. One of the beneficiaries, Jennipher Madiriza, told the Daily News On Sunday that the gesture by Zimplats was welcome and timely as the majority of people…

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‘Focus on infrastructure development’

FORMER National Assembly Speaker, Lovemore Moyo, says the recent conferment of town status to Maphisa, once a growth point, should result in infrastructural development and attract investment in Matobo district. Maphisa was granted town board status by the government in June this year. It is a small town in the Matobo district, Matabeleland outh Province…

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