Business

Banks safe & sound: RBZ

THE country’s banking sector remains stable and profitable, sustained by growth in deposits and asset base while non-performing loans remain within acceptable international benchmarks, the Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has said. In his latest monetary policy statement, Mushayavanhu said the banking sector, despite encountering some temporary liquidity shocks, withstood headwinds in…

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News

BDO affirms ZiG adequately backed

BDO Zimbabwe Chartered Accountants has affirmed that the Reserve Bank of Zimbabwe (RBZ) has enough gold and other precious minerals to back the Zimbabwe Gold (ZiG). This comes as the country adopted the new structured currency in April last year amid scepticism that there may not be enough gold to back it, notwithstanding repeated assurances…

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National News

Kutsaga promotes biopharming in Zimbabwe

BY RUTENDO NGARA KUTSAGA, Zimbabwe’s agricultural think tank, is pushing to promote biopharming as part of its broader efforts to stay relevant in the face of climate change and technological innovations. Biopharming involves genetically engineering plants and animals to produce pharmaceutical substances for human or animal use. Recently, Kutsaga developed disease-free seed varieties, including potato…

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Economic Crisis: Lead by example on ZiG: Government told

BY BLESSINGS MASHAYA ANDBRANDON JOSPHAT AUTHORITIES need to do more to fix the country’s ailing economy and to lift the lives of all Zimbabweans, key stakeholders say. Speaking to the Daily News On Sunday at the weekend, representatives of consumers, workers and business said the latest policy steps taken by the Reserve Bank of Zimbabwe…

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Heavy rains, thunderstorms expected from today

BRANDON JOSPHATChief Writer THE Meteorological Services Department (MSD) says the country will begin receiving heavy rainfall associated with thunderstorms today, following a dry spell that has persisted for nearly two to three weeks in some regions. In an advisory report yesterday, MSD said heavy rains were expected in eastern and southern parts of the country,…

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Police declare war on touts

MASIMBA MAKWEMBEREStaff Writer THE police have issued a stern warning against touts, saying their barbaric behaviour is causing traffic congestion and endangering the well-being of commuters. According to the police national spokesperson, Paul Nyathi, touts and rank marshals were loading vehicles in the middle of roads and at undesignated places, leading to traffic chaos and…

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Bulawayo council faces backlog of 231 water leaks, bursts

THE Bulawayo City Council (BCC) says resource constraints have hindered the authority from repairing 231 water bursts and leaks.  In its latest council minutes, BCC said after getting a total of 380 leaks in December 2024, only 167 faults had been attended to.  “A total of 380 reports combining bursts, leaks and other water related…

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Boost for fight against child malnutrition

STELLA MADZIVANYIKA A CAMPAIGN to address nutrition requirements of school children across the country, the “ENOUGH campaign” run by World Vision Zimbabwe (WVZ), was launched in Harare on Friday. This comes as government statistics show that approximately 27 percent of children under the age of five are stunted, which is more than half a million…

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Innovative solutions needed to combat climate change

GOVERNMENT has called on environmental stakeholders to invest in more innovative strategies in a bid to curb agricultural challenges arising from effects of climate change. Speaking during the official opening of the seed certification workshop in Bulawayo on Friday, the permanent secretary in the ministry of Lands, Obert Jiri, said climate change was a threat…

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