ZTA warns noncompliant stakeholders

ZTA warns noncompliant stakeholders

By Varaidzo Zhakata THE Zimbabwe Tourism Authority (ZTA) has commended the Ministry of Health and Child Care, and all relevant stakeholders, including the government at large for showing commitment towards the recovery of the tourism industry, but warned uncompliant players in the industry of the dire consequences upon failure to adhere to the set COVID- 19 preventative guidelines. Following the gradual and partial opening of the tourism sector, the ZTA has emphasized on the need for all players in the tourism industry to sternly observe and adhere to the set…

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UN worrying on prospects of achieving ‘Zero hunger by 2030’

UN worrying on prospects of achieving ‘Zero hunger by 2030’

By Edward Mukaro The State of Food security and Nutrition in the World, published this week, estimates that almost 690 million went hungry in 2019 – up by 10 million from 2018, and by 60 million in five years, prompting the United Nations to the doubt global goal of achieving a ‘Zero Hunger by 2030’. Despite the hungriest being reportedly in Asia, Africa’s hungry population is said to be increasing at an alarming rate. While high costs and low affordability also mean billions cannot eat healthily or nutritiously, COVID- 19…

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Revamp Mbuya Nehanda Maternity Hospital first – Commentators

Revamp Mbuya Nehanda Maternity Hospital first – Commentators

By Wellington Zimbowa GOVERNMENT has been urged to redirect funds for renowned liberation heroine, Mbuya Nehanda’s sculpture, to revamping and capacitating Parirenyatwa Hospital’s maternity ward, and that it (Maternity Ward) be is named in honour of the pioneer female liberation guru. Recently, the government announced plans to erect Mbuya Nehanda’s sculpture in the central business district (CBD), igniting widespread public comments from critics. Hard critics said it was a ritual bid by the presidency, while others contended that the move gives a peak on government’s nature of mispriorities at a…

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Gold deliveries to Fidelity slump

Gold deliveries to Fidelity slump

By Lucy Tandi Fidelity Printers and Refineries, Zimbabwe’s sole buyer of gold has recorded a slump in gold deliveries for the second quarter of 2020, falling short of 1.633.71 tonnes recorded in the first quarter the same year. Gold delivered to Fidelity for the first quarter of 2020 dropped to 5.721.71t, compared to 6.523.49t delivered in the same period last year. Artisanal and Small-scale Miners (ASM) deliveries for April, May and June totalled 2478.1176t, slightly higher compared to primary producers, whose deliveries were 2411.658t during the period under review. Total…

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Simplified SMEs Tax regime to spur economic growth

Simplified SMEs Tax regime to spur economic growth

By Varaidzo Zhakata THE Government of Zimbabwe (GoZ) has expressed commitment to establish a favourable working environment for Small and Medium Enterprises, by introducing a simplified Tax regime. Addressing journalists at the weekly post Cabinet briefing session, information, publicity and broadcasting services minister, Monica Mutsvangwa highlighted that government had noted potential the presented through SMEs, with the potential capacity to aid development, and growth of the economy. The regulatory measure also aims at incorporating previously disadvantaged groups, such as women and the youth. “SMEs have the potential of becoming an…

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EU targets community health workers in COVID- 19 fight

EU targets community health workers in COVID- 19 fight

BY Wellington Zimbowa THE European Union (EU) has availed EUR 6.5 million (USD 7.33 million) as it steps-up efforts in supporting ‘the people of Zimbabwe’ in the COVID- 19 induced lockdown. Through the multi-donor health fund, the bloc availed over EUR108.26m, about US$ 122.23m. The Health Development Fund (HDF) is one of the biggest donors in the sector. Among other things, the grant will prioritize procurement of essential commodities, such as personal protective equipment (PPEs), diagnostic tests, and training of all frontline health workers, including community health workers on infection…

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‘Salvage’ measures to resuscitate local currency – Gwanyanya

‘Salvage’ measures to resuscitate local currency – Gwanyanya

By Simbarashe Musaki and Tendai Dune THE government’s introduction of a dual currency pricing system, coupled with the foreign currency exchange auction is ‘salvage’ measures in response to great market volatilities, contrary to layman’s view that authorities have dumped the Zimbabwe dollar, an economic expert has clarified. Renowned economic expert, Persistence Gwanyanya in an exclusive interview with The Business Connect made it clear that salvage measures are meant to resuscitate the local currency, succumbing to depreciation, prior to delving on how paying civil servants’ allowances in United States dollars helps…

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Tread carefully with Old Mutual – Analysts

Tread carefully with Old Mutual – Analysts

By Simbarashe Musaki and Tendai Dune THE Old Mutual Limited implied rate was coming from fungibility of its shares and the black market was taking a clue from it, but suspending it from the Zimbabwe Stock Exchange has got deeper ramifications to the country’s financial service sector, an economic expert has said. Responding to the speculation, economic guru Persistence Gwanyanya, in an exclusive interview with The Business Connect hinted that OML is the biggest institution in the country, hence any approach to it should be well measured, and calculated before…

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ZANU PF calls for US$ stock exchange

ZANU PF calls for US$ stock exchange

By Edward Mukaro THE ruling party, ZANU PF has recommended the Government of Zimbabwe (GoZ) to set-up a stock exchange which will trade in the United States of the American dollar, to protect the interests of the 30 168 shareholders of Old Mutual Limited. ZANU PF’s position comes at a time where trade at the Zimbabwe Stock Exchange bourse has been halted by government, amid the skyrocketing exchange rate, which ZANU PF blames on the fungibility of OML’s shares. The Reserve Bank of Zimbabwe introduced a raft of measures intended…

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Government to tighten lockdown restrictions, as COVID-19 cases soar

Government to tighten lockdown restrictions, as COVID-19 cases soar

By Edward Mukaro THE Government of Zimbabwe (GoZ) has moved to curb the further spread of COVID- 19 cases in the country after Cabinet approved tightening of the current lockdown restrictions, as the country’s reported cases of the pandemic now stand at 1 064, with a recorded 19 deaths. The recent death has been recorded in the Midlands Province. Since the first case was recorded in Zimbabwe, positive cases have been far spaced, but with country’s borders still open for returnees (Diasporas) the pandemic has been steadily growing since March,…

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