OK Zimbabwe Limited has launched a Christmas festival promotion that will offer affordable prices to enable ordinary people to have a decent and joyful fiesta. In a statement yesterday, OK Zimbabwe said the promotion is meant to bring a colourful festival season to all families. “OK Zimbabwe Limited through its brands, OK stores, Bon Marche…
Time Bank would operate a new business model whereby the bank will not start by taking deposits, as is usually done by commercial banks. The bank will start by lending out to various categories of clients without taking deposits and review the model at an appropriate time. The bank announced last year, before the pre-opening…
NOT for the first time over the past two decades, the country’s opposition once again learnt the hard way this week that there are no permanent friends and enemies in politics, but enduring interests. This comes after former Zanu PF politburo members and alleged Generation 40 (G40) kingpins Jonathan Moyo and Patrick Zhuwao — who…
By Regis Chingawo THE Chinese government has pledged to continue supporting Zimbabwe and actively participate in the development of the international governance system said China’s Ambassador to Zimbabwe Gou Shaochun, yesterday Speaking during a discussion on the recent 20th National Congress of the Communist Party of China and on China-Zimbabwe bilateral cooperation in Harare yesterday,…
By Regis Chingawo RESIDENTS’ associations across the country have raised a red flag over the poor drainage system in most urban councils, a situation that has been worsened by the recent rains resulting in some roads being inaccessible. The Zimbabwe National Organisation of Associations and Residents Trust (Znoart) Shalvar Chikomba told the Daily News yesterday…
By Regis Chingawo ECONOMISTS have welcomed Tuesday’s Reserve Bank of Zimbabwe (RBZ) introduction of a smaller denomination of the Mosi-oa-Tunya gold coins, saying the injection into the formal banking sector would bring stability into the economy and also benefit emerging entrepreneurs. The country first introduced gold coins in July as part of several measures to…
By Brighton Muronzereyi POLICE commissioner-general Godwin Matanga, yesterday issued a stern warning against political violence perpetrators, adding law enforcement agents will come out in full force and deal with any hostilities ahead of next year’s crunch polls. Speaking during a senior police officers conference in Harare yesterday, the police boss said his force was putting…
ECOCASH Holdings Zimbabwe Limited achieved a profit before tax, demonstrating that its turnaround strategy, anchored on digital transformation, has begun to bear fruit. The Zimbabwe Stock Exchange (ZSE) listed firm posted a profit before tax of $911.1 million in inflation adjusted terms, for the six-month period ending August 2022 compared to a $106.2 million loss…
By Regis Chingawo ALL eyes are on Finance minister Mthuli Ncube as he prepares to present his 2023 National Budget in Harare next week, amid hopes for major new cushioning measures for long-suffering workers and consumers. This comes as Ncube is expected to unveil the 2023 budget in Parliament on November 24, at a time…
By Brighton Muronzereyi THE government says it will still achieve its set winter wheat harvest target of 380 000 tonnes despite losing 820 hectares destroyed by rains. Speaking yesterday during a post cabinet media briefing in Harare, Agriculture minister Anxious Masuka said they still expected “a bumper record wheat harvest” despite writing off 820 hectares.“What…
