THE People’s Own Savings Bank (POSB) says engagements on the resumption of its partial privatisation project commenced during the second quarter of 2024. The financial institution had been awaiting guidance from the Mutapa Investment Fund – its shareholders – on its partial privatisation. The state-owned financial institution is one of the entities that is earmarked…
By Stella Madzivanyika AUTHORITIES need to do much more to shore up the under-pressure ZiG and to stabilise prices, respected economist Eddie Cross has said. Commenting in detail at the weekend after the Reserve Bank of Zimbabwe (RBZ) devalued the ZIG from just under 14 to the US dollar to nearly 25, Cross said what…
POLICE and the Reserve Bank of Zimbabwe say they have intensified patrols on economic saboteurs who are continuing to fuel the rise of the parallel market. This comes as President Emmerson Mnangagwa last week warned unnamed individuals and institutions that are allegedly bent on sabotaging the country’s economy during a Zanu PF politburo meeting. At…
Masimba Makwembere ZIMBABWE is continuing to grapple with high cases of dog bites, amid growing worries about the spread of rabies in the country. Speaking to the Daily News at the weekend, during the commemoration of World Rabies Day, a trustee of Friend Animal Foundation, Laura Bass, said it was thus crucial that all dogs…
A 35-YEAR-OLD Mutoko man has been sentenced at the Mutoko Magistrates’ Court to 30 years after he was convicted of raping his two daughters. “It was the State’s case that sometime between December 2023 and March 2024, the convict had been raping his two daughters aged seven and five on several occasions. “The accused person…
THE Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has called on the government to strengthen policies meant to ensure that communities benefit from local mining activities. Speaking to the Daily News yesterday, ZDAMWU secretary-general, Justice Chinhema, said the union was committed to working with the government to make communities benefit from local mining activities….
POWERTEL, a Zesa Holdings Internet service subsidiary, has invested US$5, 5 million to improve its digital systems and bring better services to clients. This was said by Powertel acting managing director, Willard Nyagwande, recently, while updating its customers on the company’s latest connectivity products. “We have continued to invest in fibre technology, wireless technology and…
THE continuing senseless infighting among the country’s opposition leaders has virtually ended any hopes of the ruling party being given a run for its money by its political opponents in the 2028 national elections, analysts have reiterated. Speaking to the Daily News On Sunday at the weekend, political experts added that as a result of…
BY NYASHA KUNYISWASenior Staff Writer THE National Aids Council (NAC) has started a pilot programme in Mashonaland Central of “moonlight testing” for HIV/Aids, targeting sex workers and their clients in hot spots. The programme is referred to as a moonlight initiative because the tests take place at night, in part to help protect those who…
BY STELLA MADZIVANYIKA PROPERTY mogul Phillip Chiyangwa and his neighbour in the upmarket Helensvale suburb in Harare have ended their long running battle over a business stand after the latter withdrew a litigation process before the courts. This comes after Chiyangwa, the owner of Pinnacle Properties, last month told the commission probing irregularities into the…
