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PRESIDENT Emmerson Mnangagwa, using the Presidential Powers (Temporary Measures) Act, has made provisions for the establishment of a sovereign wealth fund (SWF) to be named Mutapa Investment Fund. The SWF is a State-owned investment fund established from the balance of payment surpluses, official foreign currency operations, the proceeds of privatisation, government transfer payments, fiscal surpluses…

By Brandon Josphat josphatbl@dailynews.co.zw THE Education ministry is facilitating for teachers to undergo refresher courses on Continuous Assessment Learning Activities (Cala) in order to fully appreciate and grasp the curriculum. Cala is any learning activity or assessment that requires learners to perform, demonstrate their knowledge, understanding and proficiency that was introduced in 2021. This comes…

By Ketty Nyoninyonik@dailynews.co.zw THE Harare City Council has notified its employees that it is struggling to pay them as it is facing a financial crisis. Speaking during a meeting with the city’s district officers at Town House on Tuesday, city town clerk Hosiah Chisango said the council was facing financial challenges due to low revenue…

By Brandon Josphat and Brighton Muronzereyi AUTHORITIES need to further engender market confidence to curb resurgent price hikes and to promote the wider local use of the Zimbabwe dollar, experts say. Speaking to the Daily News yesterday, the experts said the creeping instability on prices and the value of the Zim dollar manifested, in part,…

THE government says there is a need for collaboration between public and private entities in order to cross-pollinate ideas that enhance economic development. Speaking in Harare yesterday at a stakeholders’ interface breakfast meeting, newly-appointed Industry and Commerce minister Sithembiso Nyoni said collaboration and engagement of all stakeholders were crucial for economic success. “The government will…

By Brandon Josphat THE government says the only way to deal with skills flight in the country is to ensure workers are adequately remunerated. This comes as the country has over the past years been hit by brain drain, particularly in the medical field and education, as professionals leave the country in search of greener…

THE trial of Marry Mubaiwa, in which she is facing attempted murder charges, continues to drag on as the State filed for a postponement for the third time yesterday. Mubaiwa is being accused of trying to kill her ex-husband, Vice President Constatino Chiwenga, while he was admitted at Netcare Hospital in South Africa in 2019….

By Brandon Josphat AS THE country battles to keep the lights on, authorities have stepped up their efforts to curb the vandalism of key infrastructure, while also prioritising the rehabilitation of power stations. Speaking to the Daily News yesterday, the new minister of Energy, Edgar Moyo, pin-pointed vandalism as one of the biggest challenges that…