AUTHORITIES are targeting to harvest 3,2 million tonnes of grain in the 2024/25 cropping season. This comes as this year’s grain harvest was only 635 000 after the season was severely affected by the El Nino-induced drought and has to import cereals to avert hunger. Speaking to the Daily News yesterday, Agriculture minister Anxious Masuka said…
THE government spent at least US$88 million on rehabilitation of roads ahead of the just-ended Sadc Summit, figures released by Transport minister Felix Mhona show. This comes as the country has increased its investment in national infrastructure development. The Daily News sister publication, the Daily News On Sunday, yesterday erroneously reported that government had spent US$1,7 billion on…
THE Reserve Bank of Zimbabwe (RBZ) expects merchandise imports to increase by four percent this year to US$8,999 billion from US$8,656 billion in 2023 attributed to increases in grain, fuel, and raw material imports. Merchandise exports are expected to close the year at US$7,330 billion, a 1,8 percent increase from US$7,251 billion recorded in 2023…
AUTHORITIES and the Church must continue to work together to protect Zimbabweans from slipping national moral standards — including with regards to homosexuality. So says outspoken cleric and founder of Impact Africa, Peter Mapise, who also argues that there should be no place for same-sex relationships and marriages within the Church in the country. Speaking…
TIME Bank of Zimbabwe (Time Bank) significantly boosted its balance sheet during the year ended December 31, 2023 as its strategic phased approach to its operations continued to pay -off. The bank is aiming to raise its capitalization from US$7,2 million to US$30 million by December 31, 2024 in line with minimum regulatory targets for…
BY STELLA MADZIVANYIKA TOBACCO seed sales for the 2024/25 farming season have reportedly increased by 20 percent compared to the same period last year. This comes as farmers are expecting to receive normal to above normal rains during the upcoming farming season. The increase in the sale of tobacco seeds was confirmed by the Famine…
ZANU PF’S Masvingo Province becomes the latest chapter in the ruling party to call for amendments to the national constitution to allow President Emmerson Mnangagwa’s term to be extended. Mnangagwa’s second and final term is expected to end in 2028. However, Zanu PF Masvingo Province’s calls come after Harare and Mashonaland West provinces have already…
FORMER National Assembly Speaker, Lovemore Moyo, says the recent conferment of town status to Maphisa, once a growth point, should result in infrastructural development and attract investment in Matobo district. Maphisa was granted town board status by the government in June this year. It is a small town in the Matobo district, Matabeleland outh Province…
By Blessings Mashaya and Brandon Josphat THE Reserve Bank of Zimbabwe (RBZ) will inject more ZiG notes and coins into the market to promote the wider use of the local currency. RBZ governor John Mushayavanhu also said in his mid-term monetary policy review yesterday that he would avail more foreign currency to businesses through the…
AUTHORITIES have, with effect from next week Friday, banned the sale of unleaded petrol to motorists and have enforced the mandatory blending of the fuel with ethanol. In a Government Gazette published yesterday, Energy minister Edgar Moyo, confirmed the new measures. “It is hereby notified that the minister of Energy and Power Development after consultation…
