THE Reserve Bank of Zimbabwe (RBZ) will introduce its much-debated gold backed digital tokens early next month. RBZ governor John Mangudya said yesterday that the tokens were a form of electronic money backed by gold held at the central bank. “Pursuant to the resolution of the monetary policy committee (MPC) on 28 March 2023 to…

AUTHORITIES say they will throw the book at retail outlets selling their products exclusively in US dollars. The deputy minister of Finance, Clemence Chiduwa, told the Daily News that selling goods exclusively in foreign currencies transgressed the law. This comes as the Zimbabwe dollar has now gone past the $2 000 mark against the greenback…

ZANU PF has set next weekend as the date for primary elections re-runs in some wards amid reports of irregularities when the internal polls to choose candidates to represent the party as councillors in the upcoming general elections. In a circular to all provincial chairpersons, the ruling party’s national political commissar Mike Bimha said there…

DESPITE the country’s worsening economic challenges, marked by rising prices of basic goods and the wobbly Zimbabwe dollar, the upcoming national elections remain “Zanu PF’s to lose”, political analysts say. Speaking to the Daily News yesterday, the analysts said unless there was a dramatic change of fortunes and strategy for the opposition, it would not…

POWER utility Zesa is optimistic that it will soon be on top of the country’s electricity crisis. Zesa stakeholder relations, communication and welfare general manager, George Manyaya, said yesterday that the parastatal’s confidence emanated from the improving power situation in the country. This comes after Zesa recently received conditional permission from the Zambezi River Authority…

FINANCE minister Mthuli Ncube says authorities are confident that the measures that they have introduced will stabilise the country’s economy. Speaking in London on Friday, Ncube said the country was on the right path despite its current economic challenges. “On the domestic macro-economic front, the current tight monetary and fiscal policies have allowed the government…

CITIZENS Coalition for Change (CCC) leader Nelson Chamisa says current electoral laws do not allow the opposition to plan for elections optimally. Speaking to the Daily News yesterday, Chamisa also said the fact that election dates were proclaimed by the president bestowed significant electoral advantages on the country’s incumbent leader and governing party over their…

CITIZENS Coalition for Change (CCC) aspiring candidates are going through rigorous screening procedures, during which they must, among other things, provide proof of the new voters they helped register, their current employment status, evidence that they are paying municipal rates and a police clearance. In a form seen by the Daily News yesterday, candidates are…

IT IS unwise for the Citizens Coalition for Change (CCC) and its leader Nelson Chamisa to go it alone in this year’s national elections if they are to prevail over Zanu PF, former ruling party youth league leader Godfrey Tsenengamu has said. Speaking to the Daily News yesterday, Tsenengamu — who now leads the Front…

ZANU PF has emphasised that any repeat of the issues witnessed in some areas during the party’s recent primaries in today’s re-runs will attract severe punishment. Speaking to the Daily News last night, the ruling party’s national political commissar, Mike Bimha, said drastic action would be taken against candidates who failed to behave themselves and…