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Parallel market begins to let up... amid hopes that prices of goods will also settle

THE tough monetary and policing measures taken by authorities over the past few weeks in a bid to rein in the harmful foreign currency parallel market appear to be bearing fruit. Surveys by Daily News crews at the weekend showed that black market rates have eased off to as low as $130 to the American dollar in…

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ZPC owes Hwange Local Board $36m

THE Hwange Local Board (HLB) says it is owed $36 million by the Zimbabwe Power Company (ZPC), claiming the debt has crippled its operations. HLB spokesperson Dumisani Nsingo told the Daily News last week that because of the money that it was owed, the local authority was struggling to meet its service delivery obligations as well as…

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‘Western countries must end sanctions against Zimbabwe’

ZIMBABWE envoy to Nigeria, Ambassador Maxwell Ranga, last week met journalists and told them it was time to remove sanctions on his country imposed 20 years ago by the western world. Today, Sadc decreed it an anti-Zimbabwe sanctions day. Below are the excerpts of Ranga’s interview with Nigerian journalists. Q: Your Excellency, for many years…

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Reprieve for Natpharm managers

NATIONAL Pharmaceutical Company of Zimbabwe (NatPharm) general manager Florah Nancy Sifeku and finance manager Rolland Milalazi, who allegedly illegally awarded a tender to Drax International LLC (Drax), have been removed from remand. The firm had been contracted to supply Natpharm with medicines and surgical sundries. Harare magistrate Vongai Muchuchuti-Guvuriro freed the two managers after the…

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‘Prioritise children’s education’

EDUCATION authorities in Matabeleland South Province have urged parents and guardians to prioritise their children’s education regardless of the challenges they may be facing. The province has witnessed a large number of school drop-outs compared to other areas in the country, due to a number of reasons including long distances to schools, failure to pay…

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'The ball remains in Zim's court on Harare, London relationship'

THE United Kingdom (UK) has reiterated its readiness to restore normal relations with Zimbabwe if Harare fulfils all the promises that were made when President Emmerson Mnangagwa swept to power in November 2017. Speaking to the Daily News On Sunday yesterday, ahead of Mnangagwa’s pending trip to Scotland where he will attend a global climate…

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Maize seed price increase derails farmers

Melisa Chatikobo THE Zimbabwe Commercial Farmers Union (ZCFU) says the recent price increase in maize seed and other farming inputs will negatively impact small-scale farmers’ production capacity. This comes as farmers are preparing for the 2021/22 farming season, which is set to begin soon. “The increase of price on maize seed and other seed in…

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Zimbabwe lacks capacity to switch to renewable energy — Gata

ZIMBABWE has no capacity to migrate from coal-fired power stations to other renewable energy sources due to lack of money to procure the much-needed technology, Zesa Holdings’ executive chair Sydney Gata, has said. This comes as companies in Hwange are using coal as a source of energy at a time environmentalists are pushing for the…

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Parliament demands answers on 'cheap foreign currency'

LEGISLATORS have demanded Finance minister Mthuli Ncube, to explain the reason the public is finding it difficult to access US$50 weekly from bureaux de change under the Reserve Bank of Zimbabwe’s (RBZ) foreign exchange auction facility. This comes after the RBZ recently authorised individuals to access a maximum of US$200 per month using auction system…

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Zanu PF cracks whip

ZANU PF is moving to deal with unruly elements in the party as the commissariat department has been directed to speed up hearing of cases involving allegations of indiscipline. Speaking last week at a press briefing after the politburo meeting, Zanu PF acting commissar Patrick Chinamasa said he was ready to deal with all acts…

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