Brandon Josphat CHIEF WRITER AUTHORITIES are going all out to widen the use of the ZiG in the economy and to make sure that the domestic unit is optimally backed by gold and foreign currency reserves. Speaking at the recent CEO Africa Roundtable meeting in Victoria Falls, the deputy governor of the Reserve Bank of…
THE International Monetary Fund (IMF) has lauded the country for implementing sound economic reforms that have resulted in relative stability of prices of basic goods and the foreign currency exchange rate. This comes as the government continues to engage with the IMF in crucial discussions that could lead to Harare securing another Staff-Monitored Programme (SMP)…
THE government says, despite having adequate grain at the national level, some areas will experience localised shortages. Addressing a post-Cabinet media briefing in Harare yesterday, Information minister Jenfan Muswere said the government would continue releasing funds for outstanding payments to farmers for grain delivered. “The government of Zimbabwe, using various consumption scenarios, has established that…
CALEDONIA Mining Corporation says it has invested more than US$10 million in community development projects across Matabeleland South as part of its commitment to sustainable growth and improving livelihoods in its areas of operation. Speaking during a handover of the Sitezi projects in Gwanda District yesterday, Caledonia Mining Corporation chief executive officer Mark Learmonth said…
BRANDON JOSPHAT AUTHORITIES have seized and frozen more than US$23 million in corruption proceeds so far this year. This comes amid growing public scrutiny of the country’s judiciary and investigative agencies, which have often been accused of dragging their feet in probing and concluding graft cases involving prominent figures. Speaking during the 2025 National Prosecution…
POWER utility Zesa has announced that Unit 8 of Hwange Thermal Power Station, which generates 335 megawatts (MW), has been taken off the grid for statutory maintenance, further compromising the country’s electricity supply. The planned outage, which began on Monday, will last 10 days. Figures from Zesa subsidiary, the Zimbabwe Power Company (ZPC), yesterday showed…
Rutendo Ngara SENIOR STAFF WRITER A DARING suspected thief who allegedly stole from deputy minister of Youth Kudakwashe Mupamhanga and MP Nyasha Chikwinya appeared in court yesterday. Prosper Muderede appeared before Harare provincial magistrate Tapiwa Kuhudzai, facing two counts of theft charges. He was remanded in custody to Friday for a bail ruling. It is…
DESPITE the liberalisation of grain selling in the country, the Grain Marketing Board (GMB) is transitioning to become a national warehouse, offering storage services to private sector players who can then collect their grain from any depot across the country. This strategic shift is aimed at curbing significant post-harvest losses incurred by farmers. Losses are…
Brandon Josphat CHIEF WRITER REPRESENTATIVES of workers, consumers and business have lauded the ruling Zanu PF for adding its voice to growing calls for authorities to scrap Zimbabwe’s much-criticised transaction tax. Speaking to the Daily News — the country’s most influential newspaper — the key stakeholders reiterated yesterday that the Intermediated Money Transfer Tax (IMTT)…
THE country is on high alert, amid concerns of a resurgence of Mpox cases in the region. Speaking to the Daily News yesterday, the deputy minister of Health, Sleiman Kwidini, confirmed that authorities had stepped up their surveillance operations at all the country’s ports of entry. This comes after the Africa Centre for Disease Control…
