World Bank to support Zim land compensation efforts

World Bank to support Zim land compensation efforts

By Staff Reporter THE ministry of Lands, Agriculture, Water, Climate and Rural Resettlement says the World Bank (WB) is keen to assist government pay compensation to former commercial farmers who lost land under the fast track land reform exercise. A senior official in the ministry said the interest followed a mission undertaken by WB that was impressed by the joint efforts of government and the Commercial Farmers Union (CFU) in assessing what is owed to the former farmers. “We are currently doing assessment on what needs to be done; we…

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ICCR send students to Indian Universities on scholarships

ICCR send students to Indian Universities on scholarships

By Natalie Chiwomadzi                                              INDIAN Council of Cultural Relations (ICCR) has awarded about 14 Zimbabwean students with scholarships to study various courses at Indian Universities. ICCR offers about 22 scholarships to Zimbabwe every year for various courses. Speaking during the send-off ceremony for the 14 students, India’s Ambassador to Zimbabwe His Excellency Rungsung Masakui this year they received more than 200 applications which went through a rigorous selection process to come up with the final number. “These fourteen students are the first batch for this year. We will very soon receive…

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Zim ready for AU-UN Africa Wildlife Summit

Zim ready for AU-UN Africa Wildlife Summit

ENVIRONMENT, Tourism and Hospitality Industry Minister Prisca Mupfumira says Zimbabwe is ready to host the first every AU-UN Africa Wildlife Summit this month (June) in Victoria Falls. The summit comes at a time when Zimbabwe is in a dilemma on whether to remain of pull out of the Convention on International Trade in Endangered Species (CITES) due to differences. Some of the challenges giving Zimbabwe a dilemma such as the continued ban in the sale of ivory and other species are expected to be discussed at the summit. In a…

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Zimbabwe sets target to end AIDS epidemic

Zimbabwe sets target to end AIDS epidemic

By Natalie Chiwomadzi ZIMBABWE has set targets that are going to help end HIV as a public health threat by 2030. Speaking during The Zimbabwe Health Situation Room launch, Minister of Health and Child Care Obadiah Moyo said the set targets aim to reach people that haven’t been reached. “Zimbabwe has adopted an ambitious treatment target to help end the AIDS epidemic in the country by reaching 90% of all people living with HIV with testing services. “HIV positive people that know their status will be provided with sustained antiretroviral…

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Turnall Holdings posts $8.5 million turnover

Turnall Holdings posts $8.5 million turnover

By Natalie Chiwomadzi TURNALL Holdings Limited says it has posted a turnover of $8.5 million in the first quarter despite constraints in sales. The constraints are as a result of the liquidity challenges being experienced in the economy. Speaking during the company’s annual general meeting, managing director Roselyn Chisveto said the turnover is 25% above what was realised in the same period last year. “The company posted a turnover of $8.5 million for the first quarter which is 25% above the previous turnover of $7.0 million. “The sales were negatively…

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Lafarge considering US$25m capex investment

Lafarge considering US$25m capex investment

By Daniel Chigundu STOCK Exchange listed concern Lafarge Cement Zimbabwe says it is considering a US$25 million capex investment in a bid to double production capacity. The decision to expand is being driven by growth in product demand in 2018 due to the commissioning of key projects by the government and the private sector as well as housing projects in various suburbs across the country. Addressing analysts at the company’s 65th annual general meeting, Lafarge Cement Zimbabwe chief executive officer Kaziwe Siame Kaulule said the demand has remained hence the…

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Zimnat introduces US Dollar funeral policy

Zimnat introduces US Dollar funeral policy

By Natalie Chiwomadzi ZIMNAT Life Assurance has introduced a new funeral policy called Gadziriro/Lungiselelo which provides cover in United States dollars. The major feature of the funeral plan is that payment is made in United States dollars, which means the value of the policy remains the same and unaffected by any fluctuations in the value of RTGS dollars. Under the Gadziriro/Lungiselelo, a husband, wife and four children are covered for an amount of US$6000 from a premium of US$4.99 per month. Customers to the funeral policy have a choice of…

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Austerity is meant for Govt only: Mthuli

Austerity is meant for Govt only: Mthuli

By Daniel Chigundu Finance Minister Mthuli Ncube says “Austerity for Prosperity” is targeted at government alone and does not extend to the private sector and individuals. Austerity for Prosperity is the theme for the 2019 National Budget presented by Minister Ncube and which has generally been criticised by some economists and politicians who believe it is not pro-poor. The budget theme is widely known for bringing the infamous 2% transactional tax to the economy at a time when people are already struggling to make a meaningful living due to a…

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Madiwa rubbishes ZHRC election report

Madiwa rubbishes ZHRC election report

By Daniel Chigundu  MUTASA North legislator Chido Madiwa says the Zimbabwe Human Rights Commission (ZHRC) Report on the 2018 harmonised election should be dismissed as it is biased and lack seriousness. The report heap a lot of blame on Zanu PF for various electoral malpractices during the 2018 election period and also proffer some solutions which the government must take to address them. Some of the issues include partisan distribution of food, politicising traditional leaders, use of hate speech and abuse of state resources such as the media among others….

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“A road is an economy”: How the country’s road projects can boost agriculture

“A road is an economy”: How the country’s road projects can boost agriculture

By Ndafadza Madanha WHEN Finance minister Mthuli Ncube announced his budget statement last year he underscored that ‘a road is an economy’ capable of transforming economic activities and lives around it. In the budget statement Ncube unveiled an ambitious $910.4 million package to rehabilitate the country’s notorious rickety road infrastructure which according to a 2016/17 National Roads Condition and Inventory Report, carried out on all public roads identified 98 049km of network, of which 30% is in the poor to very poor condition, 40% in fair condition, 17% in good…

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