UNDER pressure retail giant, OK Zimbabwe, is hoping to have normal stock levels of goods in the next few weeks. Company secretary, Margaret Munyuru, said yesterday new procurement arrangements had been put in place to ensure adequate goods supplies. This comes as many retailers – including OK – have been reeling from the current economic…
THE Reserve Bank of Zimbabwe (RBZ) has accredited International Credit Rating Agency (ICRA Zimbabwe), a private limited company, as an official credit rating agency (CRA) after meeting regulatory requirements.The RBZ evaluated ICRA Zimbabwe and found it to comply with Guideline No. 04 – 2004, which outlines the accreditation requirements for CRAs.To be accredited as a…
ZIMBABWE’S authorities should do more to balance public expenditures with revenues in order to avoid sinking further into debt, the International Monetary Fund (IMF) has said. Zimbabwe is already saddled with a US$21 billion national debt. This comes as the IMF staff team led by Wojciech Maliszewski conducted a mission to Harare from January 30…
THE chief executive of the Mutapa Investment Fund (MIF), John Mangudya, at the weekend announced new board members for the State-owned companies NetOne and Petrotrade Zimbabwe. NetOne is Zimbabwe’s first cellular network operator in Zimbabwe launched in 1996, while Petrotrade is a trading company responsible for downstream activities, including selling petroleum products and lubricants through…
THE government is undertaking a comprehensive review of its seed certification regulations to align with international standards, a move designed to improve seed quality and boost Zimbabwe’s competitiveness in global markets. Established 25 years ago, the current seed certification framework no longer meets the compliance requirements of international and regional systems, creating significant challenges for…
CASSAVA Technologies (Cassava), a global technology leader of African heritage, announces new strategic appointments to the leadership team as the organisation ushers…
Masimba Makwembere makwemberemv@dailynews.co.zw LEADING retail outlet, TM Pick n Pay, is in a yearround cancer awareness drive aimed at educating people on the various types of cancers. In a response to questions for the Daily News yesterday, TM Pick n Pay said they were currently running a promotion with other stakeholders and the earnings would…
Stella Madzivanyika STAFF WRITER madzivanyikas@dailynews.co.zw GOVERNMENT yesterday said the country’s fish production during 2023/2024 season decreased by 27 percent due to the effects of the El Nino-induced drought and over fishing. In an interview with the Daily News, Fisheries and Aquaculture Resources Department (Fard) director Milton Makumbe said the country had witnessed overfishing, especially for…
STAFF WRITER muronzereyiB@dailynews.co.zw ONE of the country’s leading retail outlets, OK Zimbabwe, has laid bare before Parliament the challenges, including a difficult economic environment, it is facing leading to the closure of some of its branches. This comes as businesses say it is crucial that authorities allow the Zimbabwean dollar to trade freely against the…
Staff writer in Bulawayo THE Bulawayo City Council (BCC) has proposed a US$156 million procurement plan for the year 2025 in a move meant to improve service delivery. Speaking during a council meeting yesterday, the BCC town clerk, Christopher Dube, said the plan was meant to address various service delivery challenges faced by the city….
