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The suspension on bank lending was lifted yesterday by the Reserve Bank of Zimbabwe, although those under investigation for abuse of past loans still cannot borrow, to the general relief of most stakeholders and with economists saying the authorities still must guard strongly against abuse of borrowing.
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FIRST LADY Dr Auxillia Mnangagwa, who is also the country’s health ambassador, on Monday went to Mabvuku and Murehwa at the invitation of families with albinism and battling cancer, and a Murehwa man with disability, in a tear-jerking gesture that underlines her unconditional love for citizens.
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The auction rate, the weighted average of successful bids on the Reserve Bank of Zimbabwe foreign currency auction for productive businesses, fell from $173,2685 to the US dollar last week to $258,5404 yesterday.
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The resumption of sporting activities in schools has been approved by the Government following an increase in the uptake of Covid-19 vaccines.
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CONSUMERS have welcomed the Government’s decision to suspend duty on basic commodities including cooking oil, sugar and maize meal, to cushion Zimbabweans from price shocks occasioned by geopolitical developments in Europe and local speculative behaviour, which caused price increases and artificial shortages.
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CCC members — Joana Mamombe and Cecelia Chimbiri — charged with faking their abductions in May 2020, yesterday mounted a bid to block a crucial State witness from Econet Zimbabwe from giving evidence in court regarding their call data history.
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Mukudzei Chingwere in Jakarta Indonesia Vice President Dr Constantino Chiwenga has taken advantage of the ongoing Water, Sanitation and Hygiene, Sector Ministers Meeting here to sell investment opportunities to Indonesian investors. Dr Chiwenga who is also the Minister of Health and Child Care met his counterparts separately, Vice President of Indonesia Ma’ruf Amin as well […]
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Herald Reporter The Reserve Bank of Zimbabwe (RBZ) has, with immediate effect, lifted the temporary suspension of lending services by banks issued through a circular on May 9, 2022. The lifting of the suspension, however, excludes entities under probe by the central bank for malpractices involving loans, the RBZ said in a statement today. “The […]
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Prosper Dembedza Correspondent A bid to evade Harare magistrate Mrs Vongai Muchuchuti Guwuriro by Tendai Biti yesterday hit a brick wall for the second time after she dismissed his application for her recusal. Biti is facing charges of manhandling a Russian investor Ms Tatiana Aleshina at the Harare Magistrate’s Court. Last week Biti regurgitated his […]
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Joseph Madzimure Senior Reporter ZIMBABWE has been invited to participate at the World Economic Forum (WEF) in Davos, Switzerland next week, a ringing endorsement of the economic reforms under the Second Republic. The forum runs from May 22 to 26 and this will be Zimbabwe’s second time to attend the WEF since the advent of the […]
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Rumbidzayi Zinyuke Senior Reporter The rise in the number of new Covid-19 cases recorded in the last week is not an indication that Zimbabwe has entered a fifth wave of infection but is largely just the breakers from the increase in cases reported in South Africa. National Covid-19 response coordinator Dr Agnes Mahomva said Zimbabwe remained […]
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Inflation is not hated by everyone, unfortunately, as there are an interesting group of people and businesses that welcome negative real interest rates and a currency declining on the black market, since this is how they make their money. The suspension at the beginning of last week on bank lending was put in place largely […]
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Nyore Madzianike Senior Court Reporter CCC members’ bid to stall trial proceedings in a matter they are accused of staging illegal demonstrations in Harare in May 2020 yesterday hit a snag after the court dismissed their application noting that there are slim chances of success at the High Court. Harare regional magistrate Mr Taurai Manwere dismissed […]
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Freeman Razemba Crime Reporter ZIMBABWE is appealing to the European Union to assist in having the unilateral ban on ivory and rhino horn trade imposed by the Convention on International Trade in Endangered Species (CITES) lifted. The country is sitting on more than 136 tonnes of ivory and rhino horns worth over US$600 million, which ironically, […]
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Golden Sibanda THE Government has suspended the 5 percent levy on raw platinum exports after miners lobbied the Treasury for its removal citing its detrimental impact on operations and the commitment by industry players to build beneficiation facilities. Finance and Economic Development Minister Mthuli Ncube revealed this during a recent interview with ZTN “The Mint […]