Blessings Mashaya SENIOR STAFF WRITER mashayab@dailynews.co.zw THE Zimbabwe dollar yesterday further lost value against the US$ by 12 percentage points as the country held its second foreign currency auction, a move set to result in increase in prices of goods and services in local currency. According to the Reserve Bank of Zimbabwe auction results, the…
BUSINESSMAN and philanthropist Strive Masiyiwa, through his Higher Life Foundation (HLF), is offering US$50 per month to people affected by the deadly coronavirus (Covid-19). The Econet Wireless Zimbabwe founder, whose HLF now offers free Covid-19 testing, is asking anyone who is currently suffering from the disease but has no real incentive to come forward. The…
Tendai Kamhungira DEPUTY CHIEF WRITER kamhungirat@dailynews.co.zw WITH Zimbabwe reeling from the double-whammy of the coronavirus pandemic and the country’s long-standing economic crisis, Defence minister Oppah Muchinguri-Kashiri has lifted the lid on the immense challenges this is creating for the armed forces. This prompted analysts who spoke to the Daily News last night to…
Blessings Mashaya SENIOR STAFF WRITER mashayab@dailynews.co.zw LEGISLATORS have lashed the decision by the government to go ahead with the June Ordinary and Advanced level examinations, which start today, saying schools are not ready to deal with the lethal coronavirus, the Daily News reports. Speaking before the parliamentary portfolio committee on Primary and Secondary Education yesterday,…
Sindiso Mhlophe SENIOR STAFF WRITER mhlophes@dailynews.co.zw CIVIL servants yesterday tabled their demand to be paid in United States dollars before the National Joint Negotiating Council (NJNC), the Daily News reports. This comes as the government recently awarded them a 50 percent salary adjustment and introduced a monthly US$75 Covid-19 allowance. The allowance would be for…
Tendai Kamhungira DEPUTY CHIEF WRITER kamhungirat@dailynews.co.zw THE Women’s Coalition of Zimbabwe (WCoZ) has renewed calls for authorities to impose mandatory sentences on gender-based violence (GBV) perpetrators following a surge in domestic violence cases. In a statement, the organisation said it was concerned by the shocking increase from 15 to 49 cases per day and called…
Diaspora remittances play a key role in Zimbabwe’s economic growth and sustainable development. Among other things, the remittances sent by migrants to their families support start‑ups, small‑scale enterprises in addition to boosting household consumption and demand for locally produced goods and services. Additionally, remittances are an important source of income for health and nutrition, education…
Money sent by people living outside their countries of origin accounts for the largest foreign exchange inflow for many nations, indicating the huge importance remittances have assumed as a factor of economic development. Africa received an estimated US$65 billion in remittances in 2018. Sending money to Africa is, however, more expensive than sending to any…
In 2019, remittances reached a record high of $554 billion, overtaking foreign direct investment (FDI) flows to low- and middle-income countries (LMICs). Remittances have been larger, and more stable, than FDI in India, oil exports in Mexico, and tourism in Egypt, Nepal, and Tunisia. In 2020, however, the economic crisis caused by Covid-19 pandemic is…
Mugove Tafirenyika SENIOR STAFF WRITER tafirenyikam@dailynews.co.zw ©️ RETURNING Zanu PF liberation stalwart, Rugare Gumbo, pictured, has implored President Emmerson Mnangagwa to join hands with the opposition and other social formations to end the country’s deepening political and economic crises. Speaking in an interview with the Daily News yesterday, Gumbo — the only surviving member of…
