RBZ takes aim at forex speculators

RBZ takes aim at forex speculators   3/7/2019 The Herald Golden Sibanda Senior Business Reporter Government says the sharp hike of the overnight bank rate by the Reserve Bank of Zimbabwe to support the domestic currency will discourage borrowing for currency speculation  as well as protect the value of the local unit, but will subsist …

UZ tackles poaching crisis through film

UZ tackles poaching crisis through film   3/7/2019 The Herald Rebecca Kabaya Arts Reporter The University of Zimbabwe (UZ) recently premièred an African Wildlife Foundation film titled, “Sides of a Horn,” to raise awareness on the poaching crisis facing the Africa continent. The short film, which was released worldwide, was written and directed by Toby …

Zim to import 800 000t of grain: ED

Zim to import 800 000t of grain: ED   3/7/2019 The Chronicle Takunda Maodza, Manicaland Bureau Chief ZIMBABWE will import 800 000 tonnes of maize after receiving poor rains last season which led to a drought, President Mnangagwa has said. The country is already in negotiations with potential suppliers, including Tanzania which has promised to help. …

Millers to do away with middlemen

Millers to do away with middlemen   3/7/2019 The Chronicle   Midlands Reporter THE Grain Millers’ Association of Zimbabwe (GMAZ) is considering eliminating the role of wholesalers in the distribution of basic commodities to make them affordable to consumers. Addressing retailers during a consultative meeting last week in Gweru, GMAZ chairperson, Mr Tafadzwa Musarara, said …

Interbank rate overtakes black market

Interbank rate overtakes black market   3/7/2019 The Chronicle Pamela Shumba, Senior Reporter  THE interbank exchange rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging their foreign currency. Government last week outlawed the use of multiple currencies through new regulations that compel all forms of transactions to be …

Poor management, unauthorised cattle sales bleed council — audit

Poor management, unauthorised cattle sales bleed council — audit   2/7/2019 The Herald Daniel Nemukuyu Investigations and Special Reports Editor POOR management at Harare City Council farms and unauthorised cattle sales are bleeding the local authority, amid ridiculous claims that an average of 36 cattle died monthly in 2017 under unclear circumstances. A total of …

US provides $600k assistance to Chimanimani farmers

US provides $600k assistance to Chimanimani farmers   2/7/2019 The Herald Herald Reporter The United States government has provided an additional $600 000 to assist approximately 1 700 smallholder farmers in Chimanimani District to recover and rebuild their lives following Cyclone Idai. The money, which will spearhead the recovery efforts over the next 12 months, …