Day: July 16, 2018

Zanu PF takes campaign trail to Gokwe

Zanu PF National Political Commissar, Retired Lieutenant General Engelbert Rugeje says the harmonised elections scheduled for the 30th of July is an opportunity for Zimbabweans to show the world its greatest asset of being peaceful and united. This comes as the countdown to the harmonised elections continues with aspiring candidates taking their message to the electorate. Speaking in Gokwe – Nembudziya today, Retired Lieutenant General Engelbert Rugeje re-emphasied the call for peace and tolerance among the electorate. Alongside the party’s candidate for the National Assembly, Justice Mayor Wadyajena, Retired Lieutenant General Rugeje said these elections offer an opportunity for...

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We are building Zimbabwe: VP Chiwenga

Vice President Retired General Constantino Chiwenga says the current administration’s thrust of re-engagement has started transforming the country’s economic fortunes. Addressing thousands of Zanu PF supporters in Gwanzura Stadium in Highfield, Harare this afternoon, Dr Chiwenga assured Highfield and Glen Norah residents that the government is aware of challenges they are facing that include non-issuance of title deeds to tenants, impassible roads and water shortages, among others. The Vice President warned the electorate not be hoodwinked by fly by night political parties that have nothing to offer the people, urging them to vote for Zanu PF come the 30th...

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Tobacco floors close next week

The closing date for the ongoing tobacco sales has been set for the 27th of this month and farmers who are yet to deliver their golden leaf should do so by the 26th of July. The ZBC News today visited auction floors and witnessed a sharp decline in tobacco deliveries, indicating that the 2018 marketing tobacco season is finally coming to an end. “The volumes are declining and other companies have already closed. It has been a good season considering the quality of delivered tobacco in light of the poor rainfall patterns experienced this season, so farmers have performed...

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Chrome production tumbles

Zimbabwe’s chrome production has come under heavy scrutiny with several constraints being cited as reasons for low productivity levels. It emerged during a consultative meeting on chrome in Harare today that the mineral production has tumbled from 107 830 metric tonnes in January 2018 to 65 530 metric tonnes in June 2018. The fall has been attributed to external factors, given that China, which is the biggest buyer of chrome ore from Zimbabwe, closed quite a number of chrome ore smelting plants that were not meeting laid down environmental standards in that country and as a result, it affected...

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Mercury use comes under spotlight

The Environmental Management Agency (EMA) says there is need to raise awareness on mercury use especially among small scale miners and in communities living in mining areas. Briefing journalists in Harare today, EMA Provincial Manager Harare Metropolitan, Mr Robson Mavondo said the global mercury project conducted from 2002 to 2015 showed that 70 percent of small scale miners were poisoned with mercury, while 69 percent of children working with mercury and  33 percent of children not working with mercury had chronic mercury intoxication. “Studies on the environmental and human health assessment identified gold stamp milling centers as the main...

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Zim anticipates rapid growth in equity

Rapid growth in equity is expected in the short to medium term as Zimbabwe has successfully launched a mobile trading platform for use on the Zimbabwe Stock Exchange (ZSE), opening convenient investment for every Zimbabwean. Essentially, what this system does is to enable investors to order, monitor real time market information and sell their shares during trading hours. The C-Trade platform can be used through the unstructured supplementary service data (USSD) form, mobile application and online, thus allowing broad participation by both foreign and domestic investors to trade in shares. “This is a milestone for Zimbabwe. What we have done is to develop from the Kenyan model but our version is a step up as it entails trading directly on the Zimbabwe Stock Exchange. This opens further opportunities for investors who were interested in investing on our capital market,” said Tafadzwa Chinamo, the Securities Exchange Commission of Zimbabwe CEO. Until the introduction of this mobile trading platform, participation on the ZSE was limited to corporates and a clique of elite  individuals, attributable to a knowledge gap that excluded the average investor. This prompted the Securities Exchange Commission of Zimbabwe to implement the capital market investor education campaign last year targeted at assisting the average Zimbabwean to understand how to harness the stock market to build personal wealth. With a minimal investment of $10, investors can now buy and sell...

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Child struggles with multiple congenital defects

The Murasa family in Chinotimba suburb of Victoria Falls is struggling to come to terms with the multiple congenital defects on one of their child and is appealing for assistance for specialist treatment and heart surgery. One and half year old Blessing Murasa was born at Victoria Falls hospital with multiple congenital defects also known as phocomelia syndrome. The young girl has poorly formed body parts, with flipper-like hands, inner organ anomalies and cannot sit. Blessing’s case was made worse when doctors confirmed that the child has a heart anomaly which is affecting her growth. Blessing’s parents, Lorraine Gondo...

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ZBC camera damaged at Chamisa rally

A ZBC camera was damaged by rain yesterday after MDC Alliance supporters attending a rally at Mucheke Stadium in Masvingo yesterday grabbed the umbrella that was shielding it. It took the intervention of party’s presidential candidate, Nelson Chamisa to get the umbrella back. At a time when the media has been walking the path affording all political parties coverage as mandated by the constitution and electoral laws, the ZBC Masvingo news crew had a torrid time with the opposition party’s rowdy supporters. The party supporters snatched the umbrella demanding the crew to leave the spot, forcing Chamisa to momentarily...

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PRC candidate in door-to-door campaign

With a fortnight left for Zimbabwe to decide in the harmonised elections, the People’s Rainbow Coalition took its campaign trail to Harare North constituency where aspiring ward 42 councilor, Moses Mukesha canvassed for votes through a door to door campaign. In spite of the chilly weather, the PRC aspiring councilor was determined to convince the electorate. Mukwesha believes his party has what it takes to win the 2018 harmonised polls. During the campaigns, people from Hatcliffe raised a number of concerns they wish...

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Pres ED launches online trading platform

Zimbabwe has broken new ground by becoming the first nation in Southern Africa to launch an online trading platform ‘C-Trade’ for the capital markets, setting a new path to attracting further investments on the Zimbabwe Stock Exchange (ZSE). Launching the platform this Monday, President Emmerson Mnangagwa said the government will continue to implement suitable policies which promote the growth of the financial services sector and foster a conducive environment for business to thrive. The C-Trade application was mooted in 2016 with the overall objective to demystify the operations of the capital markets to enable greater participation by individuals. Following...

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