GBV ratio unacceptable: Parajuli …as Sweden, Ireland pours US$4.7m to boost the fight

GBV ratio unacceptable: Parajuli …as Sweden, Ireland pours US$4.7m to boost the fight

By Daniel Chigundu UNITED NATIONS resident Coordinator Bishow Parajuli says the current ratio of women who are becoming victims of gender-based violence (GBV) in the country is unacceptable and more needs to be done to address it. According to the Zimbabwe Demographic Health Survey (ZDHS), 2015 violence against women and girls remains a huge problem with at least 1in every 3 women aged 15-49 have experienced physical violence since the age of 15. The survey further reveals that 27 percent in the same age group (15-49 years) have experienced sexual…

Read More

IDBZ lists US$65m energy bonds

IDBZ lists US$65m energy bonds

By Ndafadza Madanha THE Infrastructure Development Bank of Zimbabwe (IDBZ) has listed two bonds on the Financial Securities Exchange Fixed Income Board (FINSEC). The bonds worth US$65 million are intended to raise capital for IDBZ energy projects. Speaking at the official listing of the bond permanent secretary in the ministry of Finance Willard Manungo said the bonds will provide flexibility to investors and help the bank achieve its objective of deepening financial markets. “In addition, the capital market continues to provide a viable alternative investment avenue for institutional investors. Therefore, in…

Read More

Disband troubled CMED: Gabbuza

Disband troubled CMED: Gabbuza

By Daniel Chigundu BINGA SOUTH legislator Gabbuza Joel Gabbuza says the government should disband the Central Mechanical and Equipment Department (CMED) because it is not serving any purpose besides opening avenues for abuse of state resources. CMED which is currently facing various operational challenges is reportedly owed about US$24 million by government ministries for fuel and vehicle maintenance, US$768 000 for car hire by Zimbabwe Electoral Commission and lost about US$2.7 million is botched fuel deal. Speaking in the National Assembly on the turnaround strategy for the parastatal, Honourable Gabbuza…

Read More

Parly wants bulk goods moved by rail

Parly wants bulk goods moved by rail

By Daniel Chigundu PARLIAMENTARY Portfolio Committee on Transport and Infrastructure Development says the government should put a law that will ban the transportation of bulk goods by road as a way of helping revive crumbling National Railways of Zimbabwe (NRZ). Owing to various operational challenges bedevilling NRZ, most companies have preferred to move their goods via the road which is reliable and this has resulted in figures at the parastatal plummeting. Giving recommendations from the committee report, chairperson Honourable Dextor Nduna said bulk goods should be ring-fenced to rail. “The…

Read More