Business

OK Zim lays bare its challenges

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…

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Massive debt choking Zesa

STAFF WRITER muronzereyib@dailynews.co.zw POWER utility Zesa is continuing to reel from its US$350 million foreign debt that is negatively impacting electricity supply in the country, it has emerged. As a result, Zesa is — for example — being forced to export 80 megawatts of electricity to Namibia every day, in a bid to service part…

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Zimsec sets exam fees payment deadlines

STAFF WRITER muronzereyib@dailynews.co.zw THE Zimbabwe School Examinations Council (Zimsec) has set the deadline for the registration for June and November Ordinary and Advanced levels examinations. In a circular dated February 11, 2025 addressed to the permanent secretary of Primary and Secondary Education, Zimsec stated that candidates wishing to pay using local currency must complete their…

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Float ZiG to calm prices, move Zim. . . key stakeholders urge govt amid economic hardships

IT IS crucial that authorities allow the ZiG to trade freely against the United States dollar, as this will help to stabilise the prices of basic goods in the country and to lift the economy. So said anxious representatives of business and consumers yesterday, who added that floating the exchange rate would ensure the country’s…

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‘Unity the ticket to Zim progress’… ED implores nation, says economy will come good soon

Brighton Muronzereyi muronzereyib@daililynews.co.zw ZIMBABWEANS must continue to pull in one direction to foster much needed economic development in the country, President Emmerson Mnangagwa has said. Speaking at the National Heroes Acre in Harare yesterday, during the burial of former top civil servant, Tinaye Chigudu, Mnangagwa was also confident that the country’s ailing economy would turn…

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Parly resumes sitting

STAFF WRITER muronzereyib@dailynews.co.zw BOTH Houses of Parliament – the Senate and the National Assembly – resume sitting today after a nearly two-month break, with various motions and Bills set for debate. A draft motion by Bikita West MP Energy Mutodi proposing deferring the 2028 national elections by five years and extending President Emmerson Mnangagwa’s term…

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Estates law comes into operation

STAFF WRITER muronzereyib@dailynews.co.zw THE Administration of Estates Amendment Act is set to become operational by the end of this month following its signing into law by President Emmerson Mnangagwa. The new law aims to enhance protection of widows, widowers, and orphans during disputes over deceased estates. It provides for the better and autonomous administration of…

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Jobs bloodbath stumps country…Emcoz calls for urgent TNF indaba over the carnage

EMPLOYERS called for an urgent meeting with the government and labour yesterday to explore ways of saving jobs in the country, amid the growing closures and scaling down of operations by distressed companies. Speaking to the Daily News — the country’s most influential newspaper — the executive director of the Employers Confederation of Zimbabwe (Emcoz),…

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Government mulling more pro-poor policies. . . as ED pledges to work harder to help the needy

THE government will strive harder to improve the country’s economy and the lives of all Zimbabweans, President Emmerson Mnangagwa has said. Speaking at State House in Harare yesterday, during a meeting with Provincial Affairs and Devolution ministers, the back at work Mnangagwa also pledged to implement more pro-poor policy measures going forward. “In this regard,…

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US suspends aid to Zimbabwe

THE United States (US) embassy in Zimbabwe yesterday confirmed that it had suspended its foreign assistance and programmes in the country following President Donald Trump’s executive orders last month. This comes after Trump on January 20 issued an executive order re-evaluating and realigning US foreign aid, where he paused all foreign assistance funding through the…

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