RBZ introduces cocktail of new measures

RBZ introduces cocktail of new measures  0 July 25, 2019 5:28 PM Source: RBZ introduces cocktail of new measures | Newsday (News) BY FIDELITY MHLANGA THE Reserve Bank of Zimbabwe (RBZ) yesterday unveiled a cocktail of more measures on the administration of fuel, insurance and chrome ore exports, among others, to buttress the local currency regime. …

Zimbabweans work at night to beat hydropower shortage as drought bites

Zimbabweans work at night to beat hydropower shortage as drought bites  0 July 26, 2019 2:00 AM Source: Zimbabweans work at night to beat hydropower shortage as drought bites – Climate Change News Harare, making it difficult for businesses to survive Welders working in the dark to beat power shortages in Harare, Zimbabwe (Pic: Problem Masau) By …

Zim: Sadc’s potential biggest fish producer

Zim: Sadc’s potential biggest fish producer    Herald 25/7/2019 Zimbabwe is the seventh largest tilapia producer in Africa Enacy Mapakame Zimbabwe has the potential to become one of the region’s biggest fish producers with a vibrant aquaculture in the SADC region, analysts have said. Despite being landlocked, Zimbabwe holds approximately 60 percent of the dammed …

Cotton side marketing scandal exposed

Cotton side marketing scandal exposed    Herald 25/7/2019 Business Reporter The Cotton Company of Zimbabwe has recovered several bales of cotton sold to a competitor in an exercise that has exposed serious acts of side marketing in the Lowveld. The operation, jointly conducted by Cottco and the Agricultural and Marketing Authority, has resulted in huge …

Closed banks: Depositors to be compensated in Zimdollars

Closed banks: Depositors to be compensated in Zimdollars By Newsday – July 24, 2019 BY TATIRA ZWINOIRA GOVERNMENT has instructed its insurer to compensate holders of nostro accounts in closed banks in either US dollars or the equivalent in local currency, it was revealed. Currently, the Deposit Protection Corporation (DPC) is overseeing the liquidation of six banks, …

Kuruneri sues Mazowe RDC over damaged farm

Kuruneri sues Mazowe RDC over damaged farm By Newsday – July 24, 2019 BY CHARLES LAITON Former Finance minister Christopher Tichaona Kuruneri has petitioned the High Court to compel Mazowe Rural District Council (MRDC) to rehabilitate part of his farm damaged when the local authority was illegally excavating gravel. Kuruneri is also demanding that MRDC must compensate …