THE Reserve Bank of Zimbabwe (RBZ) says most financial services institutions have met the minimum capital requirements of US$30 million or local currency equivalent, ahead of the December 31 deadline as stipulated by law. Although there were fears that a number of commercial and foreign banks would struggle to meet the deadline due to the…
THE government yesterday said Zimbabweans must remain vigilant during the festive season and avoid large gatherings to guard against the spread of the Covid-19 pandemic. This comes as the country has been recording a rise in new infections due to the newly-discovered Omicron variant. Speaking to the Daily News on Sunday, Information minister Monica Mutsvangwa…
THREE armed robbers attacked a Beitbridge-bound bus on Thursday morning and got away with over R500 000, US$11 000 and other valuables belonging to passengers. Police said the robbers boarded the MT Transport coach in Harare and pretended to be passengers headed for Beitbridge, but when they got to Ngundu, Masvingo, one of the muggers…
LARGE crowds were still swamping shopping centres in most urban areas around the country yesterday, as many people made last minute dashes to supermarkets and other retail outlets for goods ahead of Christmas Day tomorrow. At the same time, the Consumer Council of Zimbabwe (CCZ) urged shoppers to spend their money responsibly during the festive…
DESPITE the high cost of raw seed, the Covid-19 pandemic and foreign currency challenges, Seed Co Limited has assured farmers that they are still developing pest-resistant seed varieties. Speaking in the group’s financial statement for the half year ended September 30, 2021, Seed Co chairperson, David Long said they have not stopped researching on seeds…
Rumbidzai Ngwenya THE 2,5 megawatt (MW) Centragrid Power Plant in Nyabira, Mashonaland West is set to undergo an expansion that will see it churn out 25MW in the next nine months, becoming the largest solar plant in the country. The plant that will sit on 120 hectares is expected to produce electricity that will supply…
ON WEDNESDAY, Zimbabwe commemorated the Unity Accord signed between Zanu and PF Zapu in December 1987. The accord ended internal civil strife which is estimated to have killed over 20 000 people in the Matabeleland and Midlands regions in what the government claimed was a counter-insurgency operation against dissidents. Clearly, what happened in the two…
Andile Tshuma THREE artisanal miners were killed after they were assaulted for kidnapping a friend’s rival suitor in a love triangle that turned deadly in Lumene Siding, Matabeleland South Province. Matabeleland South police are appealing for information that may lead to the arrest of four men, who are on the run after allegedly committing the…
IT HAS emerged that more Zanu PF bigwigs are set to fall by the wayside ahead of the ruling party’s provincial leadership…
POLITICAL parties yesterday insisted that national dialogue is the only way to go if Zimbabwe is to resolve its decades-long myriad of economic and political challenges. In his Unity Day address to the nation yesterday, President Emmerson Mnangagwa, who is the leader of the ruling Zanu PF party, said Zimbabweans must resolve their differences through…
