Business

Farm & City in court for ‘inflating’ exchange rate

AGRO-INPUTS retailer Farm and City as well as one of their directors Tanaka Hofisi yesterday appeared in court on allegations of inflating the exchange rate to $184 against the United States dollar.  Hofisi was not asked to plead to the allegations when he appeared before regional magistrate Stanford Mambanje.  His lawyer abandoned bail application at…

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Fresh dialogue effort launched. . . as SA based think tank enters the talks stage

A SOUTH Africa-based think tank, the Zimbabwe Institute (ZI), has initiated its own bid to bring the country’s three main political players to the negotiating table to discuss political reforms ahead of the 2023 national elections. ZI, which is led by Zimbabwean expatriates in SA, is said to have already opened channels of communication with…

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Violence reports rise ahead of ’23

REPORTS of alleged political violence are rising around the country as Zimbabwe approaches the 2023 national elections. Yesterday, the MDC faction led by Nelson Chamisa claimed that his convoy had been pelted with rocks by suspected Zanu PF supporters in Masvingo yesterday, resulting in a number of his aides getting injured as they made their…

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We have defeated G40 in Marondera: Zanu PF

THE ruling Zanu PF Mashonaland East province says it has managed to weed out and deal with remnants of the vanquished Generation 40 (G40) faction who were trying to derail the party during the on-going restructuring exercise.  Mashonaland East provincial executive member Cleopas Kundiona told the Daily News yesterday that the ruling party was able to detect…

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Govt launches blitz against fake seeds

Melisa Chatikobo THE Seed Services Institute (SSI) in the Agriculture ministry is working in conjunction with law enforcement agents to deal with unscrupulous syndicates selling fake seeds this farming season.  This comes as the preparations of the 2021-22 agriculture planting season are now in full swing while illegal seed sellers are out on the prowl…

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Zanu PF alleges police brutality

ZANU PF and police are on a collision course after the law enforcement agents allegedly ran amok over the weekend by allegedly beating up the ruling party’s members who were conducting elections in Mupasira, Bindura.  Zanu PF politburo member Kenneth Musanhi told the Daily News yesterday that scores of ruling party supporters were left battered after the…

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Business

Hwange targets 200 000 tonnes of coal monthly

HWANGE Colliery Company Limited (HCCL) is targeting to consistently produce at least 200 000 tonnes of coal monthly following improved funding in the form of lines of credit from regional financiers and local banks. In a statement accompanying the company’s financial results for the year to June 30, HCCL said a lot of work had…

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Business

US$5m flour plant for National Foods

NATIONAL Foods Holdings Limited is set to install a state of the art US$5 million flour milling plant at the firm’s factory in Bulawayo meant to ensure an uninterrupted supply of the product in the country’s southern region. In a statement accompanying financial results for the year ended June 30, the diversified agro-industrial concern revealed…

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A bumpy festive season beckons… as consumers reel from surging prices

BOTH consumers and businesses alike are feeling the heat of the recent surge in the prices of goods and services in the country, raising the prospects of a bleak festive season this year. This comes as the relative stability which has been a notable feature of the economy over the past year is increasingly threatened…

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‘Opposition is in trouble’

POLITICAL analysts maintain that despite Zanu PF’s own deepening divisions, the ruling party remains on course to defeat the country’s at sea opposition in the 2023 national elections. Respected University of Zimbabwe Political Science lecturer, Eldred Masunungure, was among the analysts who told the Daily News yesterday that Zanu PF would have a relatively easy run against…

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