THE South Korean Embassy has donated US$1 million to support the government in assisting vulnerable families affected by the El Nino-induced drought last year. In a statement yesterday, the embassy said the donation was expected to bring much-needed relief to vulnerable families in Shurugwi district, Midlands Province. “In tackling the El Ninoinduced drought last year,…
Takudzwa Dhambu THE European Investment Bank (EIB Global) and Stanbic have launched a €20 million credit line to provide longer-term loans at favourable conditions to small and medium-sized businesses (SMEs) in Zimbabwe. The facility would focus on SMEs and businesses owned or run by women, which employ a significant number of women, or which offer…
Kudzanai Gerede ECOBANK Zimbabwe Limited (Ecobank) says it is set to launch its new environmentally-friendly head offices in Borrowdale, Harare, in the second quarter of this year, marking its commitment to expanding local operations. The regional bank entered the Zimbabwe market in 2011 and has since grown its branch network to over a dozen. Speaking…
Blessings Mashaya and Brandon Josphat Zanu PF influential women’s and youth leagues have demanded that all members of the former liberation movement refrain from discussing succession politics and attempting to divide the party’s leadership. This comes as the ruling party’s top two structures are set to issue a definitive position on Zanu PF’s quests to keep President Emmerson Mnangagwa in…
Cloud Fusire SENIOR SPORTS WRITER CASTLE Lager Premier Soccer League newcomers shone on the opening weekend of top flight action with convincing performances on their debut. The duo of MWOS FC and Scottland fired warning shots with opening day victories over Highlanders and Triangle United respectively, while Kwekwe United showed that they were no pushovers…
Jeffrey Muvundusi Southern Editor THE National Athletics Association of Zimbabwe (NAAZ) has announced that it will next month hold a Junior Championships at White City Stadium in Bulawayo. The event which is set for April 12, is expected to bring together Zimbabwe’s brightest young athletes drawn from schools, colleges, universities, clubs, as well as independent…
Cloud Fusire TELONE gaffer Herbert Maruwa believes his side’s young midfielder, Calvin Chigara, who shone in midfield for the Gweru-based side in their team opening league game against Herentals College on Saturday, has the potential to play at the highest level. Despite their controversial 2-1 loss to the Students at Rufaro Stadium, the Gweru-based WiFi…
Cloud Fusire SENIOR SPORTS WRITER ZIFA has roped in two partners, Kyros Sports and PD House in a move meant to strengthen association’s football administration and development. The partnership will see Kyros Sports and PD House collaborating in marketing and enhancing the image of the local football mother body. Zifa president Nqobile Magwizi, who was…
Emmanuel Marambe CHIEF SPORTS WRITER THE latest edition of the prestigious Bonaqua Africa Triathlon Cup is on at Troutbeck Resort in Nyanga on Saturday with a host of top athletes drawn from various parts of the world set to compete. The Bonaqua Africa Triathlon Cup is Zimbabwe’s premier triathlon event, drawing attention from across the…
THE struggles of retailers to restock due to suppliers demanding payment in US dollars highlight the urgent need for both fiscal and monetary policies to strengthen the local currency, the ZiG. The dominance of the US dollar in local transactions has created pricing distortions, threatening the competitiveness of formal retail businesses. According to what the…
