THE country’s banking sector remains stable and profitable, sustained by growth in deposits and asset base while non-performing loans remain within acceptable international benchmarks, the Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has said. In his latest monetary policy statement, Mushayavanhu said the banking sector, despite encountering some temporary liquidity shocks, withstood headwinds in…
BDO Zimbabwe Chartered Accountants has affirmed that the Reserve Bank of Zimbabwe (RBZ) has enough gold and other precious minerals to back the Zimbabwe Gold (ZiG). This comes as the country adopted the new structured currency in April last year amid scepticism that there may not be enough gold to back it, notwithstanding repeated assurances…
BY RUTENDO NGARA KUTSAGA, Zimbabwe’s agricultural think tank, is pushing to promote biopharming as part of its broader efforts to stay relevant in the face of climate change and technological innovations. Biopharming involves genetically engineering plants and animals to produce pharmaceutical substances for human or animal use. Recently, Kutsaga developed disease-free seed varieties, including potato…
BY BLESSINGS MASHAYA ANDBRANDON JOSPHAT AUTHORITIES need to do more to fix the country’s ailing economy and to lift the lives of all Zimbabweans, key stakeholders say. Speaking to the Daily News On Sunday at the weekend, representatives of consumers, workers and business said the latest policy steps taken by the Reserve Bank of Zimbabwe…
BRANDON JOSPHATChief Writer THE Meteorological Services Department (MSD) says the country will begin receiving heavy rainfall associated with thunderstorms today, following a dry spell that has persisted for nearly two to three weeks in some regions. In an advisory report yesterday, MSD said heavy rains were expected in eastern and southern parts of the country,…
MASIMBA MAKWEMBEREStaff Writer THE police have issued a stern warning against touts, saying their barbaric behaviour is causing traffic congestion and endangering the well-being of commuters. According to the police national spokesperson, Paul Nyathi, touts and rank marshals were loading vehicles in the middle of roads and at undesignated places, leading to traffic chaos and…
STELLA MADZIVANYIKA A CAMPAIGN to address nutrition requirements of school children across the country, the “ENOUGH campaign” run by World Vision Zimbabwe (WVZ), was launched in Harare on Friday. This comes as government statistics show that approximately 27 percent of children under the age of five are stunted, which is more than half a million…
AFTER nearly two decades at the Tongogara Refugee Settlement in Zimbabwe, Philosoph qualified for resettlement in the United States (US). He, his…
THE construction industry has welcomed the government’s efforts to stimulate investment in the energy sector through the introduction of Value Added Tax (VAT) deferment on capital equipment imported into the country. Zimbabwe has been facing extensive load shedding due to a shortage of power supply for both industrial and residential use.This has led to reduced…
ZANU PF Youth League Secretary for Environment and central committee member Batsirai Joel Matiza has launched an ambitious tree nursery project in…
