DIVERSIFIED equipment maker and distributor Zimplow says it expects to complete its migration to the foreign currency denominated Victoria Falls Stock Exchange (VFEX) by the end of June this year from the Zimbabwe Stock Exchange (ZSE) which trades in the local unit. This comes as the company said it felt its shares were undervalued on…
PARLIAMENT wants Finance minister Mthuli Ncube to explain the alarming decline of the Zimbabwe dollar. In addition, legislators also want Ncube to detail the measures that authorities are taking to arrest the ever rising prices of basic goods in the country. This comes amid an escalating shortage of basic commodities from supermarkets, which some retailers…
PRESIDENT Emmerson Mnangagwa has reversed a general notice that purported to place the procurement of certain goods outside public scrutiny on the basis that they were of “national interest”. In a notice dated 5 May 2023, government indicated that in terms of section 3(6) of the Public Procurement and Disposal of Public Assets Act [Chapter…
By Rutendo Ngara AUTHORITIES are pushing for the introduction of a Fisheries and Aquaculture Bill that will seek to bring all regulations addressing aquaculture production together. Various stakeholders from the government, Food and Agriculture Organisation and legal experts met in Harare yesterday to brainstorm on the proposed Bill. “The current regulatory framework is impeding growth…
By Rutendo Ngara AUTHORITIES say gold side marketing remains rampant and the government, working with law enforcement agents, is putting in place measures to plug the leakages. This was confirmed by minister of Mines Winston Chitando yesterday in his address on the gold sector outlook at the on-going gold mobilisation deployment workshop currently underway in…
By Brandon Josphat AUTHORITIES have been urged to construct modern correctional facilities in line with regional and international standards. This comes as most of the prisons were constructed before Zimbabwe attained independence in 1980 and the facilities are dilapidated and prisoners live under overcrowded conditions posing a health risk. The call also comes as Parliament…
A HARARE man has been arraigned before the magistrate’s court after he allegedly stole property valued at US$600 belonging to the National…
NATIONAL Building Society (NBS) has launched a Corporate and Institutional Banking (CIB) unit as the bank angles to grow its balance sheet…
MORE chaos hit the Citizens Coalition for Change(CCC)’s unconventional primaries for its aspiring MPs and councillors for this year’s crunch national elections at the weekend. This boiled over into violent clashes among the party’s supporters in Marondera, Zaka and Norton, among other places, as unhappy followers of rival candidates squared up to each other. The…
THERE continues to be shortages of some basic goods in retail shops, with mealie meal now among the products being traded on the black market exclusively in US dollars. Both millers and authorities confirmed the “artificial” shortages of the staple food — saying the country had surplus maize grain. The chairperson of the Grain Millers…
