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Perfect storm of ‘adverse factors’ . . . as double whammy of price hikes and power cuts batters Zimbabwe

Brandon Josphat POLITICAL EDITOR FREQUENT power cuts are adding to the current strain on hard-pressed Zimbabweans, while also continuing to hamper economic activity in the country, key stakeholders have bemoaned. Speaking to the Daily News — the country’s most influential newspaper — the stakeholders thus implored authorities yesterday to do more to mitigate the relentless…

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CZI intensifies industry consultations on trade

Hazel Marimbiza in BULAWAYO THE Confederation of Zimbabwe Industries (CZI) says it is intensi­fying engagements with industry stakeholders to shape Zimbabwe’s position under the Framework Agreement on Economic Partner­ship with China, following a series of nationwide consultations with businesses. In an update yesterday, the CZI said meetings held in Harare, Bula­wayo, and Mutare brought together…

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Midlands car theft syndicate smashed

Yvonne Ncube in BULAWAYO A SUSPECTED organised criminal network has been targeting motorists in the Midlands capital, Gweru, stealing vehi­cles, predominantly the “Old Shape” Honda Fit, in a series of incidents recorded between March and April. In a significant break­through, the Midlands police recovered six of the stolen vehicles, with a combined value estimated at…

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Court rules against RBZ in forex case

Rutendo Ngara SENIOR STAFF WRITER THE High Court has set aside a decision by the Re­serve Bank of Zimbabwe (RBZ) to freeze a bank account linked to a gold-trading deal. This comes after Al Shams Global Ltd — a British Virgin Islands-registered company — took the RBZ to court challenging its decision to freeze a…

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Harare defaulters face eviction, property seizure

Tapiwa Chirume DEFAULTING Harare City Council ratepayers are set to face evictions and property attachment as the municipality moves to recover mounting arrears that are crippling service delivery. This comes as the city is conducting its first-quarter revenue collection performance review in Harare, aimed at mapping out strategies to improve collections and restore financial stability….

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Fuel costs drive massive trade deficit

ZIMBABWE’S trade defi­cit surged by 59,3 per­cent in March, fuelled by soaring global energy prices and rising import costs. The widening gap comes amid the ongoing Middle East conflict, particularly disruptions affecting the Strait of Hormuz, which have constrained oil supplies and pushed up global Brent crude prices. According to Zimbabwe’s ex­ternal trade statistics, South…

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Afrophobic attacks concern Zimbabwe

AUTHORITIES say they are doing all they can to ensure the safety of Zimbabweans living and working in neigh­bouring South Africa. This comes amid ongoing fears of Afrophobic attacks on foreign nationals from the continent across the Lim­popo. In this regard, the Embassy of Zimbabwe in Pretoria has implored citizens living in different parts of…

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Zimbabwe anchors US$3bn energy plan

ZIMBABWE is emerging as a focal point in an ambitious US$3 billion energy programme funded by the African Export-Import Bank (Afreximbank).The project aims to modernise fuel supply chains across Southern Africa, drastically cutting the region’s reliance on Middle Eastern imports.Afreximbank’s senior executive vice-president, Denys Denya detailed a strategic vision focused on upgrading pipelines, increasing storage…

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Govt leads data protection push

THE government has intensified efforts to strengthen data protection and digital trust, saying privacy must be treated as the foundation of Zimbabwe’s growing digital economy rather than an op­tional safeguard. Speaking at the Third Na­tional Data Privacy Symposium organised by the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz), the minister of ICT, Tatenda Mavetera,…

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Man jailed over fatal stabbing

A 21-YEAR-OLD Hwange man has been sentenced to 15 years in prison for fatally stabbing his friend following a long-standing dispute, while his co-accused was acquitted of murder.Professor Silempa and his relative, Gcinani Silempa, were jointly charged with murder after the fatal attack on a 21-year-old man in February last year.The High Court, sitting in…

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