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 …

Zim Agric Show dates moved

Zim Agric Show dates moved   Herald  24/7/2019 Yeukai Tazira and Lynn Munjanja THE Zimbabwe Agricultural Society (ZAS) has moved forward this year’s agricultural show dates by a week to accommodate both national and international stakeholders. Addressing the media yesterday, ZAS chief executive officer Dr Anxious Masuka said the re-branded Zimbabwe Agricultural Show, formerly Harare …

‘Nostro accounts balances won’t be compensated’

‘Nostro accounts balances won’t be compensated’    Herald 24/7/2019 Enacy Mapakame Balances in nostro foreign currency accounts will not be compensated as they are currently not covered by the Deposit Protection Corporation (DPC), in the event of bank failure, an official has said. Deposit protection is a scheme established by Government to protect depositors against …