SILVERBACK Asset Management Company on Wednesday launched Mombe Mari Trust — a fund created as an investment vehicle in the Zimbabwe beef industry — by identifying businesses that will contribute to the growth of the sector. Mombe Mari Unit Trust Fund is linked and secured by live cattle.Officially launching the trust, Agriculture deputy minister Vangelis…
FINANCE minister Mthuli Ncube made a valiant effort to cushion poor and middle class citizens from the vagaries of the current tough economic environment when he tabled his $927 billion 2022 National Budget in Parliament yesterday. Among other things, Ncube increased bonus tax-free thresholds — while also introducing tax cuts for struggling workers and effecting…
AS the preparations for next year’s by-elections gather pace, the Zimbabwe Electoral Commission (Zec) has struck off over 22 000 individuals from the voters’ roll after satisfying itself that they had all died. This comes as President Emmerson Mnangagwa recently confirmed that at least 113 National Assembly and local government by-elections would be held during…
Tendai Kamhungira TOURISM minister Mangaliso Ndhlovu, says government is in the process of streamlining numerous tourism taxes levied on industry players, amid concerns the fees are increasing the cost of doing business within the sector. Responding to economist John Robertson, who was the keynote speaker during the Hospitality Association of Zimbabwe (Haz) congress held in…
POLICE commissioner Erasmus Makodza, who is being prosecuted for allegedly facilitating the leasing of a police farm to his girlfriend, has claimed his arrest was malicious and was done without the knowledge of commissioner-general Godwin Matanga. Makodza is being charge with corruptly concealing from a principal personal interest in a transaction or alternatively criminal abuse…
THE government has been urged by Whitecliff residents to resume negotiations and compensate Pfugari Properties to save them from imminent eviction. Vice…
ZANU PF legislators say they stand ready to take forward the recent controversial suggestion by Vice President Constantino Chiwenga to allow President Emmerson Mnangagwa to rule the country for life — should this become a formal decision of the ruling party. Speaking to the Daily News yesterday, Zanu PF chief whip Pupurai Togarepi said the party’s legislators…
ZIMBABWE has recorded a dramatic increase in gender-based violence (GBV), violence against children and rape cases this year resulting in the government declaring the scourge a “national pandemic”. Speaking at the launch of the 16 Days of Activism Against GBV, Women’s Affair deputy minister Jennipher Mhlanga said the spike in violence against women and children…
HUMANITARIAN agency USAid has provided US$1,5 million to Care Zimbabwe to support early recovery of 47 000 people suffering from the effects…
A CHEGUTU man, Josiah Garamukanwa, 77, has been arrested for allegedly deliberately setting the Chegutu District Lands Offices on fire on Monday. Upon inquiring at the offices on the status of his previous application for land, it is alleged that the septuagenarian poured petrol he had carried with him in the corridor before setting it…
