THE African Development Bank Group (AfDB) has approved a US$15 million trade finance transaction guarantee facility for NMB Bank. This is AfDB’s first project with NMB, a registered commercial bank with strong SME credentials. This facility would provide 100 percent guarantee to international confirming banks (CBs) for the non-payment risk they take on NMB’s trade…
By Nyasha Dube and Blessings MashayaSTAFF WRITERS WITH all parliamentary candidates loyal to the Citizens Coalition for Change (CCC) faction led by Nelson Chamisa thus far out of today’s by-elections, a gleeful Zanu PF looks primed to sweep the special polls. On its part, the Zimbabwe Electoral Commission (Zec) — which said it was “all…
By Rutendo Ngara POLICE have confirmed that they have recorded 14 murder cases across the country since the beginning of this month, with the most gruesome being that of a Harare man who murdered his girlfriend’s five-year-old son and attempted to kill the other sibling, aged eight. Police spokesperson Paul Nyathi confirmed the murders in…
BULAWAYO city fathers have expressed concern over the astronomical monthly bills being charged to residents by the local authority. Speaking during a full council meeting yesterday, councillors said there was a need to review the billing systems. Councillor Sikhululekike Moyo said most residents had lost trust in the council’s monthly billings. “The monthly charges are…
THE Zimbabwe Electoral Commission (Zec) has declared Zanu PF candidate Pedzai Sakupwanya as the newly-elected Member of Parliament for Tafara-Mabvuku. In a statement, Zec stated that the candidature of Kufahakutizwi Febion Munyaradzi of CCC was also set aside by the High Court order yesterday. “Since there were only two candidates nominated for the Mabvuku-Tafara National…
PRESIDENT Emmerson Mnangagwa has reassigned Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya to the post of chief executive officer of Mutapa Investment Fund, replacing him with veteran banker John Mushayavanhu. In a statement, chief secretary to the President and Cabinet Martin Rushwaya said Mangudya’s term as RBZ governor should have expired early next year….
By Blessings Mashaya and Nyasha Dube POLITICAL analyst yesterday described embattled Citizens Coalition for Change (CCC) leader, Nelson Chamisa, as being “up the creek and without a paddle”. This came after High Court judge, Justice Never Katiyo, granted an application by Sengezo Tshabangu — who has been asserting that he is the CCC’s interim secretary…
By Brandon JosphatSENIOR STAFF WRITERjosphatbl@dailynews.co.zw ZANU PF treasurer general Patrick Chinamasa has called on Mabvuku residents to correct the “mistake” they made in August when they voted for the opposition ahead of the ruling party candidate Pedzai Sakupwanya. This comes as the country is set to hold by-elections in nine constituencies today across the country…
VICE President Constantino Chiwenga yesterday appeared at the Harare Magistrates’ Courts to testify against his ex-wife, Marry Mubaiwa, who is accused of attempting to murder him in 2019 while he was admitted at a private hospital in South Africa. Before Chiwenga took to the witness stand, State prosecutor Lancelot Mutsokoti asked for the public gallery…
By Ketty Nyoni STAFF WRITER nyonik@dailynews.co.zw THE University of Zimbabwe (UZ) and its regional partners have been awarded a US$45 million grant by the United States Agency for International Development (USAid). The funds will be used to make and test HIV vaccines — which will see scientists from eight African countries coming together to develop…
