THE 2021 local tobacco marketing season kicks off today with auction floors opening, while contract sales will commence tomorrow as Zimbabwe expects a huge output of the golden leaf. This comes as output is expected to rise by eight percent to 200 million kilogrammes, riding on good rains, from 184 million kg achieved last year. …
THE national Covid-19 vaccination drive experienced a drop in numbers during the Easter holidays as only 29 506 Zimbabweans received their first jab against the virus, official statistics show. According to the daily Covid-19 statistics released by the Health and Child Care ministry, at least 16 024 people received their first dose on April 2,…
THE Zimbabwe Energy Regulatory Authority (Zera) has released a raft of new electricity licensing amendment regulations, setting power generation licence application fees at US$2 500 and electricity transmission or distribution licence fees up to US$120 000. In a notice in the Government Gazette last Friday, Energy and Power Development minister Zhemu Soda said the new regulations were…
THE government has reduced royalties payable by artisanal and small-scale gold miners from two percentage points to one percentage point for 500 grammes of the precious yellow metal per month. This comes as the government is on a concerted drive to encourage gold deliveries to Fidelity Printers and Refiners (FPR), the sole official gold buyer…
THE Zimbabwe Energy Regulatory Authority (Zera) is now accepting applications for fuel importation licences for 2021, outlawing 2019 fuel procurement licences that were still in use. In a statement, Zera chief executive Edington Mazambani said all petroleum firms have up to April 30 to apply for the 2021 fuel procurement licences. Zimbabwe imports 100 percent…
IT IS now illegal to import vehicles that are more than 10 years old, after the government gazetted a new law yesterday aimed at curbing the purchase of battered cars into the country. The new law, which comes into effect today, follows proposals that were made by Finance minister Mthuli Ncube during his 2021 National…
NEDBANK Zimbabwe has reversed the 2019 losses of $761 million to achieve inflation-adjusted income of $159 million in a challenging operating environment in 2020. In its audited condensed financial statements released yesterday, the bank’s operating income grew to $3,4 billion, outpacing — in inflation terms — $2,9 billion in prior year. On growth in operating…
Emmerson Njanjamangezi SENIOR STAFF WRITER njanjamangezie@dailynews.co.uk Zera’s tough stance on cooking gas comes amid rising cases of fires related to tank explosions in residential areas, leading to loss of life and destruction of property worth millions of dollars. In a statement recently, Zera said selling gas in residential areas was dangerous and illegal. “Those found…
NYARUTOMBO Primary School in Mbire District has completed the construction of classrooms, teachers’ accommodation and ablution facilities funded by the Japanese government. The school now has a greatly improved educational environment as a result of the facelift which cost US$88 616. The new educational facilities were funded through the Grant Assistance for Grassroots Human Security…
THE month-on-month inflation rate in March has slowed to 2,26 percent, shedding 1,19 percentage points on the February rate of 3,45 percent, official statistics show. The year-on-year inflation rate for this month as measured by the all items Consumer Price Index (CPI) stood at 240,55 percent. This means that prices as measured by the all…
