HARARE – Armed robbers are targeting illegal foreign currency dealers, operating on the streets of Zimbabwe’s major towns, with the latest incident seeing a Harare man being robbed of $44 000. Ironically, the money changers are themselves committing an illegality by contravening Exchange Control regulations and trading in foreign currency to the highest bidder. This…
HARARE – The bond note has continued to lose ground on the black market with its rates hitting 180 percent to the United State Dollar (USD) this week compared to October 1’s 106 percent. On October 1, a post by Premier Alternative Market Tracker in Zimbabwe, Zim Bollar Index indicated that exchange rates for bond…
HARARE – Former Mines minister Walter Chidhakwa and Civil Service Commission permanent secretary Francis Gudyanga have applied for further remand refusal in a case they are alleged to have misappropriated $29 000 in board sitting allowances. Chidhakwa is being accused of appointing Gudyanga as a lone board member at the Minerals Marketing Corporation of Zimbabwe…
HARARE – Government has formalised the resignation of Obert Mpofu from Parliament through publication of a notice in the latest government gazette. Mpofu resigned as Matabeleland North Senator last month to pave way for newly- appointed Home Affairs minister Cain Mathema to take up his Cabinet post. Mnangagwa had to regularise Mathema’s legislative status so…
HARARE – Harare South Member of Parliament Tongai Mnangagwa has said he will put an end to land barons in his constituency who have been duping residents of their hard-earned money. “We are going to make sure that all the land barons who were deceiving residents are arrested because they are causing havoc in this…
HARARE – Authorities are yet to make full payment to police officers that provided services in the July 30 elections, won by President Emmerson Mnangagwa, a former spy chief installed after Robert Mugabe’s removal in a military intervention in November last year. At least 31 police officers, who were part of the 2018 national elections…
HARARE – Government is seeking global investors to engage in the privatisation of struggling State-owned companies as part of wide-ranging reforms set in motion by President Emmerson Mnangagwa since he came to power, the Finance and Economic Planning minister Mthuli Ncube has said. A former banker, Ncube has been tasked with turning around State companies…
HARARE – President Emmerson Mnangagwa’s ruling Zanu PF is sending a delegation of party bigwigs to China and the sub-region to engage sister liberation movement to compare notes as to how their parties relate to government. This comes after Zanu PF bigwigs who failed to make it in Cabinet were redeployed to work for the…
HARARE – The Reserve Bank of Zimbabwe (RBZ) says it has disbursed $40 million towards the purchase of fuel to stem long queues across the country. In a statement, RBZ governor John Mangudya urged motorists not to engage in panic-buying of the commodity, claiming there is sufficient fuel available for the country. “The bank (RBZ)…
HARARE – The Zimbabwe Teachers Association (Zimta) has called on the Zimbabwe School Examinations Council (Zimsec) to revisit new Grade Seven examination policy, which is said to be unnecessarily costly for schools. Zimta secretary-general Tapson Sibanda said Zimsec should revisit its policy whereby Grade Seven examinations are collected and resubmitted after writing on a daily…
