BY STELLA MADZIVANYIKA INDIAN companies have injected US$600 million in various business sectors such as food processing, beverages, mining and agriculture in Zimbabwe, creating over 5 000 jobs for the local market. This was revealed by the new Indian ambassador to Zimbabwe, Bramha Kumar, during his first public engagement in Harare last Friday. “Indian private…
A FEW days after Mavis Gumede gave birth at her rural home in Plumtree, Matabeleland South Province, she started experiencing intense bleeding. The new mother and her husband decided to head to the Plumtree District Hospital which was over 15 kilometres from their small, rural village. Gumede’s husband carried her on his bicycle and started…
By Stella Madzivanyika madzivanyika@dailynews.co.zw LEADING financial services institution, Stanbic Bank, has posted a historical cost profit of ZiG27, 1 million for the six months ended 30 June 2024. The historical cost profit of ZiG27, 1 million was achieved after taking into account the technical losses of ZiG389 million (ZiG319 million net after tax) incurred on…
THE Reserve Bank of Zimbabwe (RBZ) devalued the ZIG by about 40 percent — to nearly 25 to the US dollar — while also raising interest rates to 35 percent yesterday, in a bid to stabilise prices. At the same time, authorities have begun to consult key stakeholders to address the myriad challenges currently buffeting…
Masimba Makwembere THERE was much pomp and ceremony as the Association of African Universities (AAU) launched its regional offices at the Women’s…
By Nyasha Kunyiswa HEALTH minister Douglas Mombeshora has pleaded with nurses to always remain loyal and patient as the government was working on addressing their concerns. He was speaking at the graduation of nurses from the Parirenyatwa Group of Hospitals in Harare yesterday. Mombeshora implored the nurses not to leave the country in search of…
By Stella Madzivanyika PLAN International Zimbabwe and Impact Hub have launched a US$3, 7 million digital skills programme for young people. Sweden’s ambassador to Zimbabwe Per Lindgarde said the programme,which is funded by the Scandinavian country, was meant to empower young people in terms of digital skills. “The project focuses on implementing sustainable innovation hubs…
THE Reserve Bank of Zimbabwe (RBZ) has implored local banks to create an enabling environment that promotes the financial inclusion of ordinary Zimbabweans. This was said by the RBZ governor, John Mushayavanhu, during the official opening of the Bankers Association of Zimbabwe (Baz) offices in Alexandra Park, Harare yesterday. He said the banking sector has…
INFORMATION Communication, Technology, Postal, and Courier Services,minister Tatenda Mavetera has urged marketing professionals to integrate Information Communication Technology (ICT) into their strategies to improve customer engagement and business efficiency. Speaking at the National Exceptional Awards ceremony in Harare recently, Mavetera applauded Marketers Association of Zimbabwe for organising such a crucial event, further applauding it for…
ORGANISED business wants an urgent meeting with authorities to share ideas around the volatility of the ZiG, as well as rising inflation and prices of basic goods in the country. Speaking in Harare yesterday, after a meeting of manufacturers and retailers, the new president of the Confederation of Zimbabwe Industries (CZI) — Mucha Mkanganwi —…
