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Sengezo digs in over Parliament posts… as CCC reels from its unremitting infighting

Brandon JosphatSENIOR STAFF WRITERjosphatbl@dailynews.co.zwTHE leadership challenges ravaging the Citizens Coalition for Change (CCC) are mounting, with the party’s interim secretary-general, Sengezo Tshabangu, digging in on his recent parliamentary appointments. This comes after the daring Tshabangu is said to have controversially appointed himself as the leader of the opposition in Parliament last week, notwithstanding spirited objections…

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RBZ pledges zero tolerance to graft

By Brandon Josphat josphatbl@dailynews.co.zw RESERVE Bank of Zimbabwe (RBZ) governor John Mushayavanhu and his team have pledged zero tolerance to corruption within its ranks, saying graft is a cancer vexing the economy. This comes as the Zimbabwe Anti-Corruption Commission (Zacc) has set up integrity committees at all public institutions as part of efforts to combat…

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Government pushes for skills development

THE government says it is committed to supporting the growth of skills development initiatives in a bid to curb increasing social ills as a result of rising unemployment levels. Speaking at a stakeholders meeting yesterday, director in the ministry of Youth Empowerment Isaiah Moyo said skills development was key in uplifting livelihoods.“As a ministry of…

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BCC seeks investors to develop SEZ

THE Bulawayo City Council (BCC) has called on potential investors across the globe to invest in areas which fall under special economic zones (SEZ) in the city in a bid to boost its economy. This comes after Zimbabwe Investment and Development Agency (Zida) indicated that SEZ in Bulawayo were meant to assist to restore its…

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Business

Forex generation fuels Steward Bank’s net funded income growth

STEWARD Bank, Zimbabwe’s largest bank by depositors, has reported a 111 percent surge in inflation-adjusted nonfunded income, reaching $745 billion for the fiscal year ending February 29, 2024. This impressive performance was driven by significant growth in foreign currency generation. Despite tighter liquidity conditions leading to a 37 percent decline in net interest income to…

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Zanu PF open to Chamisa ‘parley’ … but wants former CCC boss to humble himself

ZANU PF says although Nelson Chamisa “is not more important” than other Zimbabweans, the party remains open to engaging with him if he puts the interests of the country first. Speaking to the Daily News yesterday, Zanu PF information director Farai Marapira also said the ruling party wanted to see Zimbabweans working together to lift…

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Forex blitz continuing

By Brandon Josphat josphatbl@dailynews.co.zw POLICE and the Reserve Bank of Zimbabwe’s (RBZ) Financial Intelligence Unit (FIU) are continuing to pursue illegal foreign currency dealers who have now largely gone underground. Speaking to the Daily News yesterday, the recently promoted national police spokesperson, Commissioner Paul Nyathi, said authorities remained out in full force as they fought…

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Government lifts ban on three bus operators

THE government has lifted the suspension of operating licences of all omnibuses belonging to Swaymo Investments, Wipeco Investments and Simlex coaches. This comes as the three operators breached the terms and conditions of their licences leading to fatal road traffic crashes that occurred on 9 and 16 March 2024, in Western Cape, South Africa and…

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Zinara on course to clear US$206m DBSA loan

THE Zimbabwe Road Administration (Zinara) says they are on course to settle a US$206 million loan it secured from the Development Bank of Southern Africa (DBSA) for road rehabilitation after clearing more than half of it. Appearing before the Parliamentary Portfolio Committee on Public Accounts Committee yesterday, Zinara board chairperson George Manyaya said they had…

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