Connect with us

Slider

Chiwenga threatens black market traders amid free-falling dollar

Published

on

BY RAY NDLOVU

Zimbabwean Vice President Constantino Chiwenga issued a threat against the parallel-currency market traders, becoming the nation’s most senior official to acknowledge the risk that a resurgent black market poses to efforts to revive the beleaguered economy.

Advertisement

“I wish to warn the perpetrators of this heinous crime that the long arm of the law will soon catch up with them,” Chiwenga told business leaders in the second-largest city of Bulawayo.

He gave no details on the next steps.

The official Zimbabwe dollar has weakened 6.3 percent so far this year to 86.90 per U.S. dollar, according to data collected by Bloomberg.

Advertisement

It trades at $162 per US dollar, according to marketwatch.co.zw, a website that tracks black-market rates.

The local unit’s plunge on the black market often leads to price hikes in the southern African nation, whose annual inflation was 50 percent in August.

The spread between the official and parallel rate had been stable for about a year since the central bank introduced a weekly auction in June 2020.

Advertisement

But it has almost doubled in recent weeks due to payment backlogs that have left companies unable to access foreign currency.

In the past, the government sought to curb the black market by banning publishing of parallel rates and by asking retailers to price transactions at official rates.

It has also cracked down on mobile-money transactions in an effort to stabilize the currency.- Bloomberg

Advertisement

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

In the community

Tsholotsho man jailed for stealing and slaughtering neighbour’s goat

Published

on

BY STAFF REPORTER

A 31-year-old man from Tsholotsho has been sentenced to an effective six months in prison after being convicted of stealing and slaughtering his neighbour’s goat.

The incident occurred on 11 July 2024 when the complainant released his herd to graze at Mhlahlo grazing land. One black-and-white goat failed to return, prompting the owner and fellow villagers to launch a search.

The search led to the accused’s homestead, where the complainant positively identified the carcass of his missing goat. The man initially denied involvement in the theft, but investigations revealed overwhelming evidence linking him to the crime.

He was arrested and placed in police custody but later escaped while being taken to the police station. The escape was promptly reported, leading to his re-arrest.

The court sentenced the accused to 12 months’ imprisonment, with three months suspended on condition of good behaviour. A further three months were suspended on condition that he pays restitution amounting to ZAR1 500. He will therefore serve an effective six-month prison term.

In a statement, the National Prosecuting Authority of Zimbabwe commended communities for remaining vigilant and reporting crime promptly.

“Justice is strongest when citizens stand together against lawlessness. Silence and tolerance of crime only empower offenders,” the NPAZ said.

Continue Reading

In the community

EMA, Lupane State University step up fight against deadly Umkhawuzane in Mat North

Published

on

BY WANDILE TSHUMA

The Environmental Management Agency (EMA), in partnership with Lupane State University, has launched a community-based initiative to control and reduce the impact of the toxic plant Dichapetalum cymosum, locally known as Umkhawuzane or Gifblaar, which has caused significant livestock losses in Matabeleland North.

The initiative, focuses on managing the spread of the poisonous plant, which is widely recognised as one of the most dangerous threats to cattle in Southern Africa. Gifblaar is estimated to contribute to about eight percent of livestock deaths linked to toxic plants in the region. The plant contains fluoroacetate, a potent toxin that causes sudden death in animals and poses risks of secondary poisoning through the food chain.

According to EMA, the study was carried out in Ward 18 (Makhovula) in Lupane District and Ward 10 in Umguza District. It combined community sensitisation with mechanical and chemical control trials aimed at identifying effective ways to eradicate the plant.

Community engagements revealed a high level of awareness among farmers about the toxicity of Umkhawuzane. Farmers reported losing an average of three to four animals per household during the winter season, when forage is scarce and the plant remains green, increasing the risk of livestock consumption.

Results from the trials showed that mechanical removal of the plant produced promising outcomes. No regeneration was observed in areas where roots were excavated to depths of between one and 1.5 metres. However, chemical control using glyphosate only led to temporary suppression of the plant and did not achieve complete eradication, while also affecting surrounding vegetation.

EMA said the findings highlight the need for integrated and site-specific management approaches. These include effective mechanical removal, cautious use of chemicals, and continuous community education to prevent further losses.

The agency, together with Lupane State University, reaffirmed its commitment to working closely with local communities to protect livestock, improve rangeland management and reduce the economic losses caused by Umkhawuzane in Matabeleland North.

Continue Reading

National

Government to reward top-performing schools nationwide

Published

on

BY NOSIZO MPOFU

The Ministry of Primary and Secondary Education has launched a new national initiative to promote and reward academic excellence across Zimbabwe’s education system, Minister Torerayi Moyo has announced.

In a post on X, Minister Moyo said the programme will recognise and award the top 10 best-performing schools in each province, based on their 2025 pass rates at Grade Seven, Ordinary Level and Advanced Level.

“The recognition is a celebration of high-performing schools that have consistently demonstrated a strong commitment to academic achievement and the holistic development of learners,” said Moyo. He added that the initiative aligns with the Government’s commitment to providing equitable, inclusive and quality education, in line with Sustainable Development Goal 4 (SDG 4).

In addition to provincial awards, the ministry will also identify and reward the top five best-performing schools nationally in the 2025 Zimbabwe School Examinations Council (ZIMSEC) and Cambridge examinations. These schools will be honoured on 20 March 2026.

According to the minister, the recognised institutions will serve as “beacons of excellence and inspiration,” setting benchmarks for quality education and academic performance across the country.

Minister Moyo also called on individuals, corporates, well-wishers and development partners to support the initiative through sponsorships, awards, grants and other forms of assistance.

“This support will go a long way in motivating our hardworking teachers and headmasters,” he said.

Those interested in supporting the programme have been advised to contact the Ministry of Primary and Secondary Education Head Office through official communication channels.

Continue Reading

Trending

Copyright © 2022 VicFallsLive. All rights reserved, powered by Advantage