FOUR directors of an investment company, Zvimba East Veterans Investment Company, are facing charges of fraud after allegedly siphoning US$13 000 from the firm’s account. Douglas Mandaza, 57, Jowel Samuel Mushamba, 76, along with Clifford Rutsate, 68, and Michael Changadzo, 66, were arraigned before the Harare Magistrate’s Court on Friday before being granted US$50 bail…
THE Zimbabwean government has pledged to enhance investor protection and streamline business processes, signalling its commitment to attracting both domestic and foreign capital. Chief director at the Finance ministry, Charles Mujajati, addressed the media ahead of the upcoming Africa Investment Leaders Forum, highlighting ongoing reforms aimed at improving the business climate. These reforms, he emphasised,…
THE government has partnered with the Food and Agricultural Organisation (FAO) to launch a US$500 000 fisheries project in three districts with the aim of producing nearly four million fingerlings annually. Speaking at the launch of the project in Matobo, Matabeleland North Province, yesterday, deputy minister of Fisheries Davis Marapira said the project would capacitate…
AUTHORITIES have lifted the suspension of duty for various basic goods, including mealie meal, cooking oil, rice and flour, with immediate effect. This was announced by Finance minister Mthuli Ncube in an extraordinary Government Gazette published this week. Last May, the government suspended duty on some essential commodities to cushion consumers against rising prices and…
A FRESH plunge in the value of the Zimbabwean dollar means that everyone in the country with US$100 is now a millionaire…
ZIMBABWE’S Total Consumption Poverty Line (TCPL) rose by 41,9 percent this month from $140 252 to $198 981 per person as a result of basic goods price increases, the Zimbabwe National Statistics Agency (Zimstat) has said. Individuals living on less than this amount are deemed “extremely poor”. The increases come with falling confidence in the…
ZIMBABWE’S in-store exchange rate was “an albatross” for formal retailers that are also tightly squeezed for taxation, Meikles Limited, the Pick n Pay Zimbabwean-listed partner in the TM Supermarkets chain, said last week. Meikles operates Pick n Pay and TM branded stores across Zimbabwe and competes against Zimbabwe Stock Exchange-listed OK Zimbabwe. The big Zimbabwean…
FRESH headwinds emanating from depressed commodity prices and low agricultural productivity expected will likely suppress consumer demand this year, Zimbabwe beer brewer…
NATIONAL airline Air Zimbabwe is now offering long-haul and cargo operations using “highly reliable aircraft” that has resulted in flights increasing from 26 to 40 per week in 2023, Transport minister Felix Mhona said yesterday. He was speaking at the Robert Gabriel Mugabe International Airport where Air Zimbabwe was taking delivery of its second 50-seater…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has embarked on a nationwide outreach programme to spread the gospel of data protection in commemoration of the International Data Privacy Week. Speaking to the Daily News on the sidelines of a roadshow in Hwange yesterday, Potraz cyber security officer Zivo Chamba said this year’s commemorations…
