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BUSINESSMAN Farai Jere, who was accused of swindling the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) of over US$3 million in a smart meters supply deal, has been acquitted.  Jere and his company Helcraw Electrical were jointly charged with ZETDC employees Leonard Chisina and Freeman Chikonzo. Regional magistrate Marehwanazvo Gofa said the prosecution failed to…

AMID the rising political tensions in the country ahead of the fast-approaching 2023 national elections, Nelson Chamisa, pictured, and his supporters are in danger of being arrested on accusations of violating coronavirus regulations. Speaking to the Daily News yesterday, as Chamisa is touring Masvingo to meet his followers, national police spokesperson Paul Nyathi said law…

THE Home Affairs ministry says it aims to clear the passport backlog — currently standing at 184 000 documents — by December this year, after Treasury released funds for the procurement of necessary raw materials. Speaking on the sidelines of the ministry’s strategic planning workshop which was held in Kariba on Wednesday, Home Affairs permanent…

THE Reserve Bank of Zimbabwe (RBZ) is confident the foreign currency auction system will continue to have a stabilising effect on the local currency and help spur the country’s economic revival. This comes as the apex bank mid last year introduced the new system to replace the interbank foreign currency rate.After largely holding steady against…

GOVERNMENT says institutions in the farming sector must use scientific-based information in order for the country to attain the US$8,5 billion agriculture economy by 2025. Speaking yesterday during the 3rd edition of the Zimbabwe Agriculture Sector Survey organised by the Financial Gazette, the Zimbabwe Agriculture Society and sponsored by CBZ Holdings, deputy minister of Agriculture…

BULAWAYO residents have said the government should prioritise the country’s health sector and avail more funds towards devolution in its 2022 national budget expected next month. This came out during the national budget public consultations conducted by Parliament’s portfolio committee on Budget, Finance and Economic Development on Wednesday in Bulawayo. “As we are going towards…

THE Supreme Court has dismissed with costs an appeal by Prophetic Healing and Deliverance Ministries (PHD) leader, Walter Magaya, pictured, seeking to nullify a 2019 High Court ruling which authorised the Zimbabwe Gender Commission (ZGC) to investigate allegations of sexual abuse against him. In delivering her judgment, Supreme Court judge, Justice Anne-Marie Gowora, ruled that…

THE government has further stepped up its war on foreign currency violations, with authorities now going after individuals suspected of abusing their bank accounts to purchase forex illegally. In the process, the Reserve Bank of Zimbabwe (RBZ) has directed all financial institutions to close bank accounts belonging to individuals suspected of abusing their debit cards…

PUBLIC examinations will begin next month for Grade 7 candidates, with Ordinary Level students set to start writing on November 22, overlapping into next year. In a statement yesterday, Zimsec said that Grade 7 examinations will start on November 29 and end on December 10, while those for Ordinary Level will end on January 31…

AGRICULTURE deputy minister Vangelis Haritatos, is today expected to lead a high-level panel discussion at the launch of the third edition of the Agriculture Sector Survey.   The comprehensive report was undertaken by local think tank  Africa Economic Development Strategies, which was commissioned by the Financial Gazette in collaboration with CBZ Holdings and the Zimbabwe Agriculture Society (Zas). This…