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US$70k for 2 council by-elections

THE Zimbabwe Electoral Commission (Zec) has announced that the two council by-elections set for today in Harare and Chinhoyi will cost US$70 000. The two by-elections are being held following the recall of former Harare mayor and ward 36 councillor Lovejoy Chitengu, while the ward 4 Chinhoyi municipality vacancy occurred as a result of the…

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US$17,4m boost for Makuti road construction

CONSTRUCTION of a major road in Makuti, Mashonaland West Province, that links most Sadc countries yesterday got a boost of US$17,4 million from Japan. Addressing the media in Harare yesterday, after signing of the grant for phase 2 road improvement of north-south corridor between Makuti and Hell’s Gate in Mana Pools, Finance minister Mthuli Ncube,…

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Business

AfDB, NMB Bank in US$15m SMEs deal

THE African Development Bank (AfDB) and NMB Bank Limited Zimbabwe (NMB) yesterday signed an agreement that will pave the way for a US$15 million trade finance transaction guarantee facility for the local financial institution. This strategic collaboration aims to unlock significant trade finance opportunities for Zimbabwean businesses, particularly small-and- medium-sized enterprises (SMEs) and local firms…

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Zacc in a serious state of paralysis… as its corporate governance system collapses

THERE are growing fears that the leadership crisis ravaging the Zimbabwe Anti-Corruption Commission (Zacc) is now badly affecting its ability to fight graft in the country. This comes as the commission has gone for months without holding a board meeting, in addition to operating without a substantive boss after President Emmerson Mnangagwa appointed its former…

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Tough power cuts are back

By Brandon Josphat josphatbl@dailynew.co.zw ZESA has reintroduced brutal load-shedding schedules after it was forced to cut its power generation at the key Kariba plant. This comes after the Zambezi River Authority (ZRA) — which manages Kariba Dam — ordered Zesa and its Zambia counterpart not to generate more than 214 megawatts (MW) this month, as…

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‘No partisan food distribution’

THE government says the distribution of food aid across the country is going to be apolitical as Zimbabwe grapples with the effects of the El-Nino-induced drought. Responding to questions in the National Assembly on Wednesday, Social Welfare deputy minister, Mercy Dinha, said authorities were registering every person in need of food aid across the country….

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Mukupe, accomplices appeal against sentence

JAILED former Finance deputy minister Terrence Mukupe has approached the Supreme Court appealing against both his conviction and sentence. He and his accomplices, Same Kapisoriso, Ngonidzaishe Mutsvene and Joseph Taderera, are currently serving a three year prison term after they were found guilty of contravening section 174 (1) (e) of the Customs and Excise Act…

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Tendai Biti appeals assault conviction

CITIZEN Coalition for Change (CCC) senior member Tendai Biti, who was recently convicted of assault, has filed an appeal at the High Court. Biti was convicted of assault last month and sentenced to pay a fine of US$300. Harare magistrate Vongai Muchuchuti-Guwuriro found the former Finance minister guilty of verbally assaulting Russian national Tatiana Aleshina…

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‘No sanctions on Zimbabwe & its people’… Washington says, hopes for better links with Harare

By Blessings Mashaya and Brandon Josphat STAFF WRITERS THE United States of America (USA) is hoping that its partial lifting of sanctions on Zimbabwe this week will help the country and further improve relations between Harare and Washington. Addressing the media in Harare yesterday, US Chargé d’Affaires, Laurence Socha, also stressed that Washington’s new measures…

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Preps for ZITF get a move on

ORGANISERS of the country’s premier business exhibition — the Zimbabwe International Trade Fair (ZITF) — say preparations for this year’s showcase are progressing very well. This comes as the mega 2024 trade show will run from April 23 to 27 — under the theme ‘Entrepreneurship: The Catalyst for Industrialisation and Trade’. ZITF chairperson, Busisa Moyo,…

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