News

REF to procure home solar systems

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By Masimba Makwembere STAFF WRITER makwemberemv@dailynews.co.zw THE Rural Electrification Fund (REF) intends to acquire essential equipment for home solar systems so that they can generate electricity. According to the latest Government Gazette, REF said it was inviting potential bidders to supply them with solar systems and accessories. “Bidding documents are available on the electronic government…

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Editorial Comment

Protests won’t resolve challenges

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OUR sister publication, the Daily News, yesterday published a story where authorities issued a fresh warning that they will deal ruthlessly with all unsanctioned gatherings and protests in the country. The police said they had intensified their surveillance of suspicious and ill-intentioned activities, including on social media, amid agitation of protests and mischief by shadowy…

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Sport

PSL newboys seek to buck the trend

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BY EMMANUEL MARAMBE THE newboys in the 2025 Castle Lager Premier Soccer League (PSL) face an uphill battle in their bid to buck the recent trend which has seen at least two of the four promoted sides in all but one of the last five seasons losing their top flight status after just a single…

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Business

Zimbabwe’s forex receipts up 21%

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THE country’s foreign currency receipts grew by 21 percent in 2024 reaching US$13,316 billion from US$11 billion received in 2023 thanks to strong exports, latest figures from the Reserve Bank of Zimbabwe show. Exports proceeds (59,2 percent), international remittances (16,2 percent) and loan proceeds (11,9 percent) dominated the foreign currency inflows. “The improved foreign currency…

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Business

Banks safe & sound: RBZ

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THE country’s banking sector remains stable and profitable, sustained by growth in deposits and asset base while non-performing loans remain within acceptable international benchmarks, the Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has said. In his latest monetary policy statement, Mushayavanhu said the banking sector, despite encountering some temporary liquidity shocks, withstood headwinds in…

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News

BDO affirms ZiG adequately backed

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BDO Zimbabwe Chartered Accountants has affirmed that the Reserve Bank of Zimbabwe (RBZ) has enough gold and other precious minerals to back the Zimbabwe Gold (ZiG). This comes as the country adopted the new structured currency in April last year amid scepticism that there may not be enough gold to back it, notwithstanding repeated assurances…

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National News

Kutsaga promotes biopharming in Zimbabwe

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BY RUTENDO NGARA KUTSAGA, Zimbabwe’s agricultural think tank, is pushing to promote biopharming as part of its broader efforts to stay relevant in the face of climate change and technological innovations. Biopharming involves genetically engineering plants and animals to produce pharmaceutical substances for human or animal use. Recently, Kutsaga developed disease-free seed varieties, including potato…

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Top Stories

Economic Crisis: Lead by example on ZiG: Government told

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BY BLESSINGS MASHAYA ANDBRANDON JOSPHAT AUTHORITIES need to do more to fix the country’s ailing economy and to lift the lives of all Zimbabweans, key stakeholders say. Speaking to the Daily News On Sunday at the weekend, representatives of consumers, workers and business said the latest policy steps taken by the Reserve Bank of Zimbabwe…

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Top Stories

Heavy rains, thunderstorms expected from today

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BRANDON JOSPHATChief Writer THE Meteorological Services Department (MSD) says the country will begin receiving heavy rainfall associated with thunderstorms today, following a dry spell that has persisted for nearly two to three weeks in some regions. In an advisory report yesterday, MSD said heavy rains were expected in eastern and southern parts of the country,…

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