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Reserve Bank of Zimbabwe (RBZ) foreign exchange auction Tuesday disqualified a total 547 suspicious bids as the authorities sniff out chancers who intend to acquire foreign currency for speculative purposes. A trading update released at the close of business shows on the Main Auction platform 236 bids were disqualified while …

Travel bans imposed on southern African countries must be immediately lifted as they are unjustified and discriminatory, countries across the region have said. In a statement, Southern Africa said the detection of the Omicron variant of Covid-19 by local scientists does not mean that the strain originated in the region. …

Drax Consult SAGL could be set for a US$11 million payment from the National Pharmaceutical Company (Natpharm) after the Harare High Court reversed the cancellation of its medical supply contract over allegations it was improperly awarded. The Switzerland-registered company, fronted by Delish Nguwaya, a close associate of President Emmerson Mnangagwa’s …

Douglas Munatsi, the respected banker who died after a fire at his home in Harare, had an option to stay in the private sector, stitching up multimillion dollar deals in private equity. But he surprised even himself by taking up a job as the man in charge of promoting investment …

President Emmerson Mnangagwa has announced new Covid-19 measures following the detection of the new variant named Omicron by the World Health Organisation (WHO). The new measures are with immediate effect and will be reviewed after 14 days. Mnangagwa declared that all returning residents and visitors have to undergo PCR tests …

Zanu PF acting national political commissar Patrick Chinamasa has said the ruling party was monitoring all movements made by Nelson Chamisa’s MDC Alliance to make sure it does not receive foreign funding ahead of the 2022 by-elections and the 2023 harmonised elections. Chinamasa made the remarks at the weekend at …

Minister of Provincial Affairs and Devolution for Matebeleland North province, Richard Moyo has warned local authorities against sabotaging government by failing to come up with high quality developmental projects. This follows government’s distribution of financial resources for development across all provinces through devolution funds. Speaking during the commissioning of an …

The Zimbabwe Anti-Corruption Commission (Zacc) has launched an investigation into the alleged illegal sale of part of the late national hero and Lands and Agriculture minister Perrance Shiri’s estate. It is alleged that some of the late former Air Force commander’s children were behind the illegal sale of his assets, …

South African opposition Action South Africa party leader Herman Mashaba has urged the neighbouring country’s government to impose economic sanctions on Zimbabwean government and Zanu PF officials and freeze their assets saying this would force them to expedite political and economic reforms. Mashaba made the calls at a press conference …

President Mnangagwa has consoled the Munatsi family following the death of prominent banker and Zimbabwe Investment Authority (ZIDA) Chief Executive Officer Douglas Munatsi who died in a mysterious inferno at his home in Harare early on Monday morning. “The death early this morning of our inaugural chief executive Officer of …