Business

Prioritise power supply to productive sector: Magombo

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THE government has urged power companies to prioritise the productive sector by ensuring access to affordable and reliable electricity, thereby spurring the country’s economic growth. Speaking in Harare during a tour of Grindale Engineering Company, which has interests in manufacturing, engineering services, agriculture, and mining, the permanent secretary in the ministry of Energy, Gloria Magombo,…

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‘We will nudge ED to hang on’

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Brandon Josphat CHIEF WRITER josphatbl@dailynews.co.zw ZANU PF is pulling out all the stops in its bid to persuade President Emmerson Mnangagwa to remain in office until 2030. So says the ruling party’s legal supremo, Patrick Chinamasa, who adds that the former liberation movement will do all in its power to coax Mnangagwa to “bow to…

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Makomo Resources exits corporate rescue

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MAKOMO Resources (Private) Limited has officially completed its corporate rescue proceedings, marking a significant rebound in the company’s financial status. The company’s corporate rescue practitioner, Bulisa Mbano, yester- day announced that the restructuring and reorganisation efforts concluded on February 27, restoring optimism in the firm’s future. “This announcement brings relief to shareholders and creditors who…

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Water contamination fears grip BCC

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SOUTHERN EDITOR THE Bulawayo City Council (BCC) is ad- dressing a suspected case of water contamination in Tshabalala high density sub- urb after reports of smelly water coming from taps. This comes amid fears of a repeat of the 2020 waterborne disease outbreak in Luveve suburb, where 13 lives were lost. In a statement yesterday,…

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6 suspected robbers die in police shoot-out

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Staff writer in BULAWAYO SIX suspected robbers died yesterday morning following a shoot-out with police along the Bulawayo-Victoria Falls Road. In a statement, national police spokesperson Paul Nyathi said the suspects were arrested after the shoot-out, but died enroute to United Bulawayo Hospital (UBH) for treatment. “The police confirm a shoot-out incident with six armed…

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Relief as water reservoirs fill up

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Stella Madzivanyika STAFF WRITER mandizvidzas@dailynews.co.zw THE country’s major water reservoirs are now over 80 percent full, bringing hope that this will alleviate the general water challenges and ensure good harvests from winter crops. This development comes after the country endured the effects of last year’s El Niño-induced drought, which led to poor harvests and livestock…

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‘ZiG shortages destroying Zim’ … stakeholders say amid hardships, price distortions

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Brandon Josphat CHIEF WRITER josphatbl@dailynews.co.zw BOTH ordinary people and businesses are feeling the heat from the country’s deepening liquidity crisis, which has resulted in a critical shortage of the ZiG in the market over the past few months. Speaking to the Daily News — the country’s most influential newspaper — representatives of workers and business…

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Business

OK branches closure affects 56 workers

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LEADING retail outlet OK Zimbabwe has announced that the closure of its four branches in Harare has affected 56 workers who lost their jobs. This development comes as Parliament launches a nationwide probe into the closure of formal retail shops, which is contributing to the country’s economic woes. During a fact-finding mission by the parliamentary…

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Gvt vows to stop unlawful protests

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Brandon Josphat and Brighton Muronzereyi AUTHORITIES will not brook any unsanctioned protests in the country, as is being mooted by indistinct groups on social media. Speaking in Masvingo at the weekend, the minister of State for National Security, Lovemore Matuke, said law enforcement agencies were ready to deal firmly with any such demos to preserve…

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Innscor invests US$10,4m in agriculture

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INNSCOR Africa Limited (Innscor)’s agriculture unit, PHI/ Agrowth, invested US$10,4 million in the current summer cropping season as part of its objectives to ensure a continuous supply of raw materials to group units while also contributing to national food security. As the largest buyer of local maize, soya products, and wheat in Zimbabwe, the group…

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