Day: September 21, 2017

Meeting for Russia scholarships beneficiaries:

The Executive Director of the Presidential and National Scholarships, Dr Christopher Mushohwe is informing all students offered scholarships to study in Russia, to come with their parents to meet him tomorrow, Friday, the 22nd of this month. The meeting will be held at the Ambassador Hotel in Harare at 1400 hours. Dr Mushohwe also said the students should bring with them their passports with study visas and medical reports and are being advised that the date of departure for Russia is Tuesday the 26th of this month and more details will be given tomorrow at the meeting. The Executive...

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Forex demand reflects local business expansion: RBZ

Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya says increased foreign currency demand reflects the rate at which local firms are expanding their business operations. Dr Mangudya was responding to the local industry’s growing demand for foreign currency for the importation of raw materials. The Zimbabwe National Chamber of Commerce (ZNCC) has been engaging RBZ officials, while a number of firms have reported their backlog in terms of foreign currency allocation which they say has affected business operations. During a breakfast meeting with RBZ officials today, ZNCC President, Mrs Divine Dhlukula said there is need for a cocktail of measures to generate foreign currency. In response, Dr Mangudya noted that the current foreign currency shortages are being misunderstood by the business community as the huge demand is reflective of the rate at which companies are expanding their business operations. In Zimbabwe, foreign currency is generated by tobacco, platinum, gold, chrome and diamonds, with the gold hitting the highest figures of 2.5 tonnes in the month of August. RBZ came up with foreign currency allocation priority list which includes fuel, cooking oil, electricity and the importation of capital equipment. In a bid to boost foreign currency, the RBZ entered into an agreement with Afrixezim bank for a US$600 million nostro stabilisation...

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GMB maize pricing model explained

The Acting President, Cde Emmerson Mnangagwa has explained the rationale behind the Grain Marketing Board selling a tonne of maize for $250 which they would have bought from farmers at the gazetted $390 per tonne. He said the premier price of $390 per tonne was set as a deliberate measure to attract farmers to sell grain to the GMB and selling the same tonne at $250 to local millers for value addition makes economic sense, and makes the country is food secure. H explained that it is only the millers who are getting maize from the GMB at $250...

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Mighty Warriors in final after Kenya massacre

Defending champions, Zimbabwe beat Kenya 4-nil at Babourfields Stadium in Bulawayo this afternoon to set up a berth with perennial rivals, South Africa in the final of the COSAFA Women’s Championship. Kenya ensured Zimbabwe’s qualification to the semi-finals on a best runner-up ticket when they beat Swaziland in their last group match earlier this week, but the Mighty Warriors had no mercy for their saviour, thrashing them 3-nil at the packed stadium to book a place in the final. Rutendo Makore scored her 9th goal of the tournament when she fired from close range, before Berita Kabwe made it...

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Madamombe is an attention seeker

By John Sigauke While speaking to VOA Studio 7 last night, the coordinator of the demonstrations against President Mugabe at the United Nations General Assembly (UNGA), Savana Madamombe, revealed unwittingly the real reason why they were protesting. In that interview, Madamombe said her group was demanding to meet the President. They have watched with admiration, the Zambians meeting their leaders in a peaceful manner. That assignation with their leader was very fruitful and such engagements are symbiotic. This is the opportunity that Zimbabweans in the Diaspora fail to seize. They have only realised now that they need such engagements...

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RBZ intervenes, pledges to pay Eskom $32m

The Reserve Bank of Zimbabwe (RBZ) will pay $32 million to South Africa power utility, Eskom to ensure continuous power supply to Zimbabwe. ZESA Holdings is complementing its power supplies by importing 300 mega watts from Eskom and HCB of Mozambique to cover a deficit which is hovering around 900 mega watts. Last week, Eskom wrote to ZESA Holdings demanding the payment of $32 million before the end of this month and failure to do so, the South African power utility would switch off power supplies leading to a load shedding of up to 15 hours daily. This development...

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Zim regains food security status

Zimbabwe has regained food security status after just one season under command agriculture. This was disclosed by the Acting President, Cde Emmerson Mnangagwa during a Zanu PF fundraising breakfast seminar which was fully subscribed in Harare this Thursday morning. The breakfast seminar was held under the theme: ‘Command Agriculture and its Impact on Industry and the Economy at Large.’ Riding on the success of the inaugural command agriculture season, Cde Mnangagwa disclosed that some farmers have already started registering for maize production under the programme in the 2017-2018 farming season with a total of 72254 farmers having been registered...

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Zim journos visit Chinese culture studios

Wadzanai Mhombera in Zhejiang, China The Chinese people have invested in the preservation of their culture through the construction of a world studio and cinema to showcase Chinese ancient dynasties and history. Zimbabwean journalists attending a seminar for journalists and editors were taken on a tour of the Hengdian World Studios in China’s Zhejiang Province. The studios are used by the Chinese film industry to produce soap operas and films depicting ancient China. When the Zimbabwean contingent arrived at the studios, a film production was underway and the team witnessed some of the rehearsals. The Zimbabwean contingent later also...

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Mash East agric show begins

The Mashonaland East Province agricultural show has roared into life with officials optimistic this year’s edition will be bigger and better. The show comes on the back of a bumper harvest as a result of the Command Agriculture Programme and a good season. Mashonaland East Agricultural Society General Manager, Tonderai Choga and Provincial Agritex Extension Officer, Leonard Munamati said all is set for the premier agricultural event which they expect to be exciting. The programme is already in full swing while some exhibitors are finalising their stands. The official opening is on Friday, while the main entertainment day is on Saturday with the musical show being the main highlight. The theme for this year’s event is: ‘Agriculture, the Irreplaceable Pillar of Economic...

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Malaria cases, deaths soar

The incessant rains the country received in the 2016-17 rainy season, coupled with the disturbances experienced in Mozambique, have dealt a major blow to government’s fight against malaria, with the country having recorded a marked increase in new cases and deaths as compared to last year. It emerged during the Malaria Conference held in Bulawayo that the country has since recorded 420 malaria related deaths by August this year as compared to 185 deaths recorded the whole of last year, while 2016 saw a total of just over 190 000 cumulative cases as compared to 346 cumulative cases as...

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