Monthly Archives: April 2024

 

US$575m war chest to anchor new currency 

Source: US$575m war chest to anchor new currency –Newsday Zimbabwe The proposed structured currency comes on the back of a sharp depreciation of the local currency against the United States dollar. GOVERNMENT has set aside US$575m to bolster the structured currency set to be unveiled today as it moves to ensure the unit survives after […]
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Whistleblower seeks High Court protection

Source: Whistleblower seeks High Court protection –Newsday Zimbabwe Francesco Marconati applied for a declaratory relief following his arrest more than five times after he laid charges of externalisation of foreign currency by one of the directors at his companies. A LOCAL businessman, who exposed a well-organised syndicate for externalising  foreign currency through the Reserve Bank […]
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Vice President Chiwenga to grace National Conference of all Roman Catholic men

Nqobile Tshili, Online Reporter VICE President Dr Constantino Chiwenga is today expected to grace the national conference of all Roman Catholic Church men which is held every four years. Bulawayo province is this year hosting the conference which started on Thursday and is set to end on  Saturday (6 April). Scores of Catholics have already gathered here […] …
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History, unity behind modernisation’

Wallace Ruzvidzo in Gutu  No one must denigrate, belittle and defile Zimbabwe’s rich history, experiences and unity as these are the forces behind the country’s current modernisation and industrialisation agendas, President Mnangagwa has said. He was speaking at the unveiling of the Kamungoma Liberation War Shrine in Gutu, Masvingo province yesterday. The shrine commemorates one […] …
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Zimbabwe holds 2,5 tonnes gold, US$300m cash reserves

Oliver Kazunga and Rumbidzayi Zinyuke,  Harare Bureau ZIMBABWE has 2,5 tonnes of gold and US$300 million in cash reserves, placing it in good stead to introduce a new structured currency.  Of the gold, 1,5 tonnes is held in the Reserve Bank of Zimbabwe (RBZ) vaults while one tonne is held offshore. The revelation comes as the […] …
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COMMENT: Give new Bosso CEO room to do his job

THE appointment of Sihlangu Dlodlo as the new Highlanders chief executive officer is crucial for a prominent football club like Bosso. Decision-making can be the difference between success and failure and it is, therefore, essential  that Dlodlo is given full executive powers to oversee operations and implement necessary changes to ensure the success of the […] …
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Turnall Bulawayo plant earmarked for US$2 million upgrade

Nqobile Bhebhe, nqobile.bhebhe@chroncile.co.zw  TURNALL Holdings Limited, a Zimbabwe Stock Exchange (ZSE) listed manufacturer of construction products, is making significant investments to enhance its manufacturing capacity and production efficiencies at its Bulawayo plant focusing on the production of new tech fibre cement roofing sheets primarily for the export market. The Bulawayo plant is set to take delivery […] …
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