Business

US$10 million credit facility for Cabs

NORSAD Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building Society (Cabs) Zimbabwe with a US$10 million credit facility to support the bank’s growth strategy.  The facility is earmarked towards lending to Cabs’ export clients, particularly in the agricultural sector. …

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‘Treasury coffers depleted — no devolution funds allocation’

Regis Chingawo chingawor@dailynews.co.zw THE government has confirmed that it is failing to allocate devolution funds to the local authorities timeously due to limited funds from the Treasury. This follows complaints from local governments across the country urging the government to speed up the disbursement of devolution funds, claiming that delays are impeding the progress of…

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EU pledges €46m, calls for credible polls

By Rutendo Ngara THE European Union (EU) has called on Zimbabwe to hold credible and peaceful elections next year, as this will create a prosperous environment. The EU ambassador to Zimbabwe, Jobst von Kirchmann, made the call during a signing ceremony in which the union committed to providing 45.9 million euros to Zimbabwe to capacitate…

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Zanu PF warns against early primary election campaigns

Brighton Muronzereyi bmuronzereyi@dailynews.co.zw ZANU PF political commissar, Mike Bimha yesterday issued a stern warning to party members who are campaigning for parliamentary and council seats ahead of next year’s elections, saying they are jumping the gun. Speaking to the media in Harare, Bimha said the party had not set the criteria and guidelines for primary…

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Douglas Mwonzora outsmarts rivals

MDC president Douglas Mwonzora has outsmarted his rivals after the national council elected him uncontested over the weekend, to lead the party for his first five-year term. The party founded by the late Morgan Tsvangirai is due to hold its first ordinary congress after Mwonzora was elected at an extraordinary congress in December last year…

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‘South Africa will not abandon Zimbabwe’ … Amb Mabudafhasi says, criticises West’s sanctions

By Brendon Josphat THE South African government remains committed to assisting Zimbabwe in dealing with its myriad political and economic challenges. Speaking to the Daily News — on the sidelines of national hero Kenneth Manyonda’s burial in Harare at the weekend — SA’s ambassador to Zimbabwe, Rejoice Mabudafhasi, said it was in the interest of…

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‘Citizens losing hard-earned money to fraudsters’

By Regis Chingawo POLICE in Harare are concerned about an increase in cases of citizens losing their hard-earned money to fraudsters, in the central business district (CBD). Police spokesperson for Harare Metropolitan Province, Inspector Luckmore Chakanza told the Daily News yesterday that they were still receiving several reports of people who would have been conned…

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Zim drug laws not helping — report

By Rutendo Ngara ACCORDING to the most recent Global Fund report, Zimbabwe’s drug laws are not assisting in the country’s fight against drug and substance abuse because they criminalise drug use rather than addressing the issues that citizens face on a daily basis. The report, titled ‘Zimbabwe’s situational analysis of drug use and injection in…

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Bane of exam leaks targeted

By Regis Chingawo AUTHORITIES are lobbying for a review of current legislation in a desperate bid to end worsening leaks of examination papers, which have seriously dented the credibility of Zimbabwe’s once highlyregarded education system. Speaking to the Daily News at the weekend, the spokesperson of the Zimbabwe Anti-Corruption Commission (Zacc), Thandiwe Mlobane, said the…

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ED bemoans shortage of doctors

By Brandon Josphat PRESIDENT Emmerson Mnangagwa, pictured, has expressed concern over the shortage of medical practitioners in the country, claiming that it is affecting citizens’ access to healthcare. He stated that the government was fully aware of this area of great concern, and that substantial provisions would be made to meet this pressing need beginning…

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