Month: December 2023
Invictus raises US$10,2m for further gas exploration
INVICTUS Energy has raised A$15 million, equivalent to US$10,2 million, through private placement to fund ongoing operations at its prospective area in the Cabora Bassa Basin, north of Zimbabwe, where it is exploring for oil and gas. A fortnight ago, the Australian-headquartered company made further gas discovery at its Mukuyu-2 exploration well in Mbire District, […]
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Police identify juveniles abusing alcohol
Police have identified two minors aged 13 and 11 years who were part of a group of children seen abusing alcohol in a video clip that has gone viral on social media. The footage was taken in central Harare and investigations into how the minors got the alcohol have intensified. Their parents have also been […]
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Banking sector remains profitable
The Reserve Bank of Zimbabwe (RBZ) says the banking sector remains profitable, largely driven by non-interest income and resilience attributable to strong risk management practices, capital and liquidity positions. According to the RBZ quarterly banking sector report for the period to September 30, 2023, the sector’s aggregate profit for the quarter under review was $4,67 […]
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‘Escalate pest scouting to thrice a week’
FOLLOWING the prolonged dry spell that has pushed the current delayed planting to coincide with the breeding period for both the African and Fall armyworm, farmers have been advised to do pest scouting at least three times a week. In a post titled; “Pest management in the El Nino phenomenon period”, Ministry of Lands, Agriculture, […]
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Wet spell brightens prospects of crops, livestock
THE early planted crop has improved following rains that are continuously hitting most parts of the country bringing renewed hope of decent harvests. Also, the livestock situation is improving as drinking water and grazing area is now available in most parts of the country. Due to a prolonged dry spell crops were deteriorating in most […]
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$220,8bn to improve irrigation schemes
AS part of a cocktail of measures to drought proof agriculture and guarantee food security at household and national levels Government has set aside $220.8 billion towards Irrigation rehabilitation to reduce reliance on rain-fed agriculture, which continues to be affected by climatic shocks. About 350 000 hectares of cereals are expected to be put under […]
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Sugar production down 4pc
Zimbabwe’s raw sugar production for the half year to September 30, 2023, fell by 4 percent to 281 231 tonnes compared to 293 050 tonnes achieved in the same period last year. The national output was weighed down by the largest producer, Hippo Valley Estates, which had a 7 percent slowdown in production due to […]
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Police launch investigation following viral video of minors drinking alcohol
The Zimbabwe Republic Police (ZRP) has launched an investigation after a viral video of minors publicly drinking beer in Harare’s CBD went viral. The video which has been circulating on various social media platforms is said to have been captured on Christmas day. The footage captured a group of young boys between 5 and 10 […]
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Parliament of Zim restructures
The Zimbabwe Parliament will carry out a restructuring exercise of its staff and operations in the new year. This was revealed by the Speaker of Parliament Honourable Advocate Jacob Mudenda at the long service awards ceremony held last Friday. The restructuring is meant to streamline operations and ensure a proper job evaluation is carried out […]
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President sends message of peace, unity during festive season
UNITY among Zimbabweans is a foundational cornerstone that transcends ethnic, racial, gender, class and other superficial binaries, and it is critical to national development. As Zimbabweans revel in the Christmas festivities, unity and love was manifest throughout the holidays that persist until next week. Such love and unity of purpose is crucial in the journey […]
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