THE Reserve Bank of Zimbabwe (RBZ)’s policy rate of 35 percent is increasing the cost of business in the country thereby suppressing growth momentum, the Zimbabwe National Chamber of Commerce (ZNCC) has warned.This comes as authorities have repeatedly stated that they will ‘stay the course’ with regards to a tight monetary policy stance, in order…
THE proposed constitutional amendments that were recently approved by the Cabinet are designed to strengthen governance in the country and to safeguard national stability.So says Attorney General Virginia Mabiza, who also firmly rejects claims that the impending reforms are tailored for President Emmerson Mnangagwa’s benefit.Speaking to the Daily News On Sunday yesterday, the indefatigable Mabiza…
LIQUEFIED petroleum gas (LPG) consumption has grown at an average of about 21,1 percent a year over the past decade, according to the Zimbabwe Energy Regulatory Authority (Zera).This growth reflects a structural shift rather than a marginal increase in household and commercial energy demand. Government efforts to promote LPG since 2013 have significantly driven adoption.Between…
SOME victories in sport have the power to shape destinies. Like Zimbabwe’s upset of Australia in the T20 World Cup on Friday.It is undoubtedly Zimbabwe’s sweetest moment since the nation’s reintegration into international cricket after the late former president Robert Mugabe’s authoritarian government nipped a promising era and forced the majority of cricketers to leave…
ZIMBABWE is being battered by Tropical Cyclone Gezani’s reach, which is drying out western regions and worsening weather-related fatalities.This has prompted the Meteorological Services Department of Zimbabwe (MSD) to closely monitor the cyclone, which is not expected to make landfall locally, but is already influencing weather patterns and contributing to dry conditions in several regions.“The…
CITIZENS Coalition for Change (CCC) boss and leader of the opposition in Parliament, Sengezo Tshabangu, has announced a raft of leadership changes, stating the move is intended to restore constitutionalism within the party.This comes after a High Court ruling dismissed an application by a faction led by Welshman Ncube, which sought to overturn an earlier…
THE Bulawayo Progressive Residents’ Association (Bupra) has urged city authorities to act against illegal sand poaching, warning that abandoned pits, which fill with water during the rainy season, are claiming the lives of children.This follows the drowning of two 11-year-old girls in Pumula North, who were swimming in a water-filled sand pit alongside friends. In…
IT IS now almost certain that Parliament will sanction the government’s proposed broad constitutional amendments, after the Citizens Coalition for Change (CCC) gave the green light to the just about done move.Speaking to the Daily News — the country’s most influential newspaper — CCC chief whip, Charles Moyo, confirmed yesterday that the main opposition party…
POLICE in the Midlands Province have arrested four suspects linked to a suspected stock theft syndicate and recovered 12 cattle, seven of which have since been positively identified by their owners.Midlands police spokesperson Emmanuel Mahoko confirmed that the suspects were arrested at Village Mathambekha under Chief Sogwala in Lower Gweru following a tip-off.“We have busted…
THE government says it has received US$2,4 million from Unicef to support the infrastructural development of satellite schools across the country.Satellite schools were established on various former commercial farms after the 2000 land reform programme to address a shortage of schools in rural and resettled areas.Speaking in the National Assembly on Wednesday, the minister of…
