THE Reserve Bank of Zimbabwe (RBZ) says it is working hard to engender more public confidence in the country’s monetary system and the ZiG, to further boost the local economy. Speaking to the Daily News — the country’s most influential newspaper — RBZ deputy governor, Innocent Matshe, also said yesterday that authorities were making every…
Tapiwa Chirume chirumet@dailynews.co.zw HARARE City Council (HCC) is losing out on significant revenue, potentially millions of dollars, due to an estimated 5 000 illegal billboards across the city. This comes amid allegations that some council officials were illicitly pocketing income from the billboards. The revelation came to light during a weekend meeting between Parliament’s Public…
POLITICAL EDITOR mashayab@daily.co.zw BOTH ordinary consumers and business are concerned about the resurgence of brutal power cuts around the country. Speaking to the Daily News yesterday, they said heightened blackouts would soon likely trigger fresh price increases. The spokesperson of the Consumer Protection Commission (CPC), Kudakwashe Mudereri, said power cuts had a negative effect on…
RUTENDO NGARA HARARE regional magistrate Musaiona Shotgame yesterday acquitted a man accused of raping and infecting his 10-month-old baby with a sexually transmitted disease. Shotgame argued that the mother’s evidence presented to the court was inconsistent and failed to corroborate her accusations. He also noted that, as stated by a medical doctor, genital ulcers can…
muronzereyib@dailynews.co.zw LEGISLATORS have expressed serious concerns about the deteriorating state of the country’s education sector, citing crumbling infrastructure and a severe shortage of resources. The alarm was raised in a report tabled in the National Assembly last week by the Joint Parliamentary Portfolio Committee on Primary and Secondary Education and the Thematic Committee on Gender…
THE Zimbabwe Tourism Authority (ZTA) has begun its search for a new substantive chief executive officer, inviting applications for the top post. The position has been vacant since December 2023 when Winnie Muchanyuka resigned under unclear circumstances. According to a vacancy notice at the weekend, the incoming chief executive officer would be responsible for leading…
GCR Ratings (GCR), a member of Moody’s Rating Agency, has upgraded Nedbank Zimbabwe’s national scale long-term issuer rating to A+ (ZW) from A (ZW), with a stable outlook. Accordingly, the bank’s short-term national scale issuer rating has been affirmed at A1 (ZW). “The ratings upgrade reflect the increase in competitiveness score for Nedbank Zimbabwe relative…
Brighton Muronzereyi and Hazel Marimbiza STAFF WRITERS BOTH authorities and big business are spooked by the soaring influx of coun terfeit goods into the country, which are undermining the economy and endangering public health. Speaking to the Daily News — the country’s most influential newspaper — the president of the Zimbabwe National Chamber of Commerce…
TOBACCO Sales Limited (TSL) has recorded a 43 percent profit jump to US4,3 million for the six months ended April 30, 2025 due to volume growth across most group units. This was despite a slow start to the tobacco marketing sea son. The improved volumes were able to offset the impact of a 4,5 percent…
ZAPU has filed an urgent High Court application seeking to stop the government from proceeding with the current Gukurahundi outreach programme. The opposition party’s leader, Sibangilizwe Nkomo, is challenging the legality of the process that was followed. President Emmerson Mnangagwa, the minister of Local Government Daniel Garwe, the president of the National Chiefs Council Mtshane…
