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Why US sanctions on Zimbabwe 'have not worked'
The United States is a global superpower. Its political and economic reach is massive and global in character. Look back in history and you can see how the US has so often made real changes to the wor...Published: 19 Mar 2024 at 19:54hrs | 317 | by Eddie Cross
Zimbabwean man wins US$1m loan court challenge
A HARARE man has won a US$1 million Supreme Court loan challenge after a local company that he loaned US$900 000 tried to repay the loan in local currency.The applicant Brian Rodney Baron had ...Published: 19 Mar 2024 at 12:58hrs | 656 | by Staff reporter
Afrochine loses US$3m tax battle with Zimra
AFROCHINE Smelting Private Limited has been ordered to pay nearly US$3 million in royalties for under-declaring its earnings. Afrochine Smelting is a company that produces and exports ferrochrome, an ...Published: 11 Mar 2024 at 11:31hrs | 500 | by Staff reporter
Ian Khama blasted over anti-trophy hunting stance
FORMER Botswana President Ian Khama has been criticised for assisting United Kingdom lawmakers in their efforts to enact a ban on imports into Britain of trophy hunting products, a major source of liv...Published: 08 Mar 2024 at 05:04hrs | 138 | by Staff reporter
Mnangagwa keeping Zim dollar to oppress Zimbabweans!
Why is the Zimbabwe government so adamant in holding on to a useless currency?On what logic would anyone believe that it is a good idea to continue using money that loses its value nearly on a...Published: 06 Mar 2024 at 23:33hrs | 1114 | by Tendai Ruben Mbofana
Who is reaping now?
In recent years, Zimbabwe has witnessed a rather alarming phenomenon: the emergence of what can only be described as "gospel-preneurs." These are individuals who have cunningly crafted churches with t...Published: 06 Mar 2024 at 22:56hrs | 203 | by Kumbirai Thierry Nhamo
US$54 million Gwanda Lithium Mine employs 300
A TOTAL of 300 workers mainly locals have been employed at the newly-established Gwanda Lithium Mine Zimbabwe at Mandihongola area in Matebeleland South province, in yet another milestone investment u...Published: 21 Feb 2024 at 07:16hrs | 164 | by Staff reporter
Zimbabwe govt workers starving
FUNERAL policies and medical aid contributions are gobbling up a huge chunk of civil servants earnings, leaving most of them with little for food, rent, school fees and transport, NewsDay has been inf...Published: 16 Feb 2024 at 05:02hrs | 1178 | by Staff reporter
'23 years of sanctions embolden Zimbabwe'
ZIMBABWE'S story is that of resilience, innovation, people-centred policies and the undying resolve to defeat illegal Western sanctions that have continued to pound the country for over 23 years....Published: 14 Feb 2024 at 04:39hrs | 167 | by Staff reporter
Zimbabwe rural teachers declare poverty, strike
RURAL teachers have downed their tools after officially declaring incapacitation to the government as a new wave of price increases is pushing the cost of living to astronomical levels.In an i...Published: 12 Feb 2024 at 13:53hrs | 179 | by Staff reporter
David Coltart reveals earning US$25 a month
Bulawayo mayor David Coltart, in charge of the country's second largest urban authority, earns a ridiculous US$25 a month, perhaps worse than a day's takings by an illegal street vendor in one of the ...Published: 06 Feb 2024 at 07:15hrs | 978 | by Staff reporter
Zimbabwe restores duty on imported basic commodities
THE Government has restored the payment of import duty on selected basic goods, which fall away from the customs traveller's rebate.A traveller's rebate is a duty-free allowance, which is granted ...Published: 01 Feb 2024 at 18:32hrs | 839 | by Staff reporter
Zimbabwe's internet costs surge
When a sharp hike in Zimbabwe's internet costs drove Joyce Kapvumfuti's small catering enterprise offline for a week, orders for her wedding cakes, business lunches and frosted cupcakes collapsed....Published: 13 Jan 2024 at 06:52hrs | 482 | by Staff reporter
Goods portering, a way of life in Beitbridge
RIVULTS of sweat run down her face, falling onto her dress as Mai Muku trudges the 472-metre length of the Beitbridge steel girder carrying an awkward-looking and heavy load.Apart from the bri...Published: 13 Jan 2024 at 06:49hrs | 279 | by Staff reporter
Zimbabwe gold output declines 15%
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output.The southern Afri...Published: 10 Jan 2024 at 17:47hrs | 220 | by Staff reporter
Headmasters confront govt over Zimdollar salaries
HEADMASTERS from government schools across Zimbabwe have put their employer on notice to press for United States dollar salaries starting from the forthcoming term.School heads and teachers ar...Published: 03 Jan 2024 at 05:30hrs | 1433 | by Staff reporter
Zimbabwe records over 1 million tourists in 9 months
Zimbabwe's tourism industry received over one million tourists between January and September last year, representing a 52 percent growth compared to the same period in 2022, putting the industry on co...Published: 01 Jan 2024 at 08:04hrs | 281 | by Staff reporter
Behind the Scenes: How money transfer businesses make money
In an era of global connectivity, the ability to transfer money across borders efficiently has become a crucial service. Whether supporting families, facilitating business transactions, or aiding in e...Published: 29 Dec 2023 at 20:50hrs | 1258 | by Libz Mbanje
How greed stole Christmas for poor Zimbabweans
Christmas is supposed to be the season for good cheer, but for most Zimbabweans this year will be another difficult festive season as they struggle to put food on the table.It has been yet ano...Published: 27 Dec 2023 at 19:43hrs | 360 | by Staff reporter
Minerals, tobacco dominate Zimbabwe's export list
In the third quarter of the year, Zimbabwe's export landscape continued to be dominated by raw minerals and tobacco, as outlined in the Reserve Bank of Zimbabwe's (RBZ) third-quarter report.Ac...Published: 27 Dec 2023 at 15:09hrs | 152 | by Staff reporter
Mozambican hustlers take over Harare streets
In the bustling heart of Harare, with towering skyscrapers and vendors hawking wares amid the honking symphony of traffic, a unique brand of entrepreneurship thrives.Young Mozambican men, thei...Published: 27 Dec 2023 at 07:31hrs | 556 | by Staff reporter
Zimbabwe CEOs push back on salaries disclosure
THE chief executives (CEOs) of firms trading their shares on Zimbabwe's two stock exchanges have slapped down proposed regulations that would force them to disclose their earnings in line with interna...Published: 22 Dec 2023 at 18:16hrs | 353 | by Staff reporter
Teachers clash with Zec
TEACHERS are up in arms with the Zimbabwe Electoral Commission (Zec) over outstanding payments after the electoral body engaged them as election officers for the disputed August polls.Accordin...Published: 22 Dec 2023 at 07:11hrs | 202 | by Staff reporter
Prices go 'haywire' during Zimbabwe festive season
A FRESH wave of price increases on basic goods and services has dampened the festive mood, stealing the cheer away from the majority of the country's citizens already struggling to make ends meet....Published: 15 Dec 2023 at 07:30hrs | 455 | by Staff reporter
Another gas discovery excites Zimbabwe govt
AUSTRALIAN firm Invictus Energy has made further gas discovery at its Mukuyu-2 exploration well in Muzarabani-Mbire districts of Mashonaland Central province, in northern Zimbabwe, confirming the coun...Published: 15 Dec 2023 at 07:23hrs | 167 | by Staff reporter
Zimbabwe makes further gas discovery
AUSTRALIAN firm Invictus Energy has made further gas discovery at its Mukuyu-2 exploration well in Muzarabani-Mbire districts of Mashonaland Central province, in northern Zimbabwe, confirming the coun...Published: 15 Dec 2023 at 07:22hrs | 136 | by Staff reporter
Suffering Zimbabweans should free themselves
CRISIS in Zimbabwe Coalition (CiCZ) chairperson and former Zimbabwe Congress of Trade Unions (ZCTU) president Peter Mutasa (PM) was awarded the International Trade Union Confederation Africa (ITUC-Afr...Published: 14 Dec 2023 at 16:16hrs | 614 | by Staff reporter
We've gas in Zimbabwe, so what?
So, it has finally been confirmed!Zimbabwe has significant reserves of natural gas!This was announced by a clearly excited mines and mining development minister Zhemu Soda at a media b...Published: 07 Dec 2023 at 15:03hrs | 991 | by Tendai Ruben Mbofana
Mthuli Ncube's budget has strong traits of capitalism
THE Zimbabwe Congress of Trade Unions (ZCTU) has slammed the just passed 2024 National Budget describing it as largely anti-welfare.This follows the tabling of a ZW$58,2 trillion National Budg...Published: 02 Dec 2023 at 05:45hrs | 473 | by Staff reporter
Zimbabwe's economic crisis threatens budding blueberry sector
Zimbabwe's blueberry production, one of the country's fastest-growing crops, is under threat from a currency crisis and high borrowing costs, an industry body said.Global consumption of the bl...Published: 27 Nov 2023 at 18:25hrs | 201 | by Staff reporter
Zimbabwe tobacco exports rake in US$1 billion
ZIMBABWE'S tobacco export earnings have increased by 43% to US$1,09 billion this year from US$766,6 million last season as the golden leaf retains its lustre, latest figures from the Tobacco Industry ...Published: 23 Nov 2023 at 05:35hrs | 100 | by Staff reporter
Zimbabwe lithium export earnings treble as projects take off
Zimbabwe earned US$209 million from lithium exports in the first nine months of 2023, nearly treble last year's earnings, Mines Minister Zhemu Soda said on Wednesday, as Chinese-driven mining and proc...Published: 14 Nov 2023 at 11:42hrs | 1993 | by Staff reporter
Mnangagwa's govt awards chiefs hefty bonuses
The government has awarded traditional leaders a 100% bonus this year as a "performance reward" after they played a key role in mobilising their subjects to vote for Zanu-PF during the August election...Published: 12 Nov 2023 at 11:52hrs | 654 | by Staff reporter
Zimplats is cutting spending on its US$1.8bn projects
The decline in global platinum prices is compelling Impala Platinum to reduce its planned expenditures across its operations, including Zimplats, which is expected to negatively impact local suppliers...Published: 03 Nov 2023 at 08:22hrs | 492 | by Staff reporter
Zanu-PF says it ha no time for CCC musings
Zanu-PF has firmly stated that it will not engage in discussions regarding the opposition party CCC's speculations about the possibility of election reruns. The ruling party has shifted its focus towa...Published: 30 Oct 2023 at 05:11hrs | 380 | by Staff reporte
Zimbabwe worker exodus intensifies
Years of mass emigration from Zimbabwe have accelerated due to the ongoing economic crisis, further depleting the country of essential skills needed for a turnaround. Recent census data from South Afr...Published: 16 Oct 2023 at 06:16hrs | 634 | by Staff reporter
Zimbabwe-listed companies get leeway to report financials in US dollars
Zimbabwean companies listed on the stock exchange are now permitted to present their financial statements in US dollars due to the swift dollarization of the economy. The CEO of the Zimbabwe Stock Exc...Published: 12 Oct 2023 at 18:21hrs | 143 | by Staff reporter
Mnangagwa's Mutapa Fund likely to create oligarchs
FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition fro...Published: 09 Oct 2023 at 13:50hrs | 357 | by Staff reporter
Two Zimbabwean Filmmakers selected for South African DFMI Business Lab
After receiving a record number of applications for the third edition of the DFMI Business Lab, the Durban FilmMart Institute is pleased to announce 35 participants from 22 countries across the contin...Published: 04 Oct 2023 at 10:58hrs | 293 | by Agencies
Cost of living rises as Zimdollar slips
The cost of living has surged by an additional 4.8% to reach ZWL$95,462.53 per person in September, driven by the ongoing depreciation of the Zimbabwean dollar against the US dollar. The count...Published: 29 Sep 2023 at 06:22hrs | 229 | by Staff reporter
New hotels for Victoria Falls
The prime tourism hub of Victoria Falls is experiencing substantial infrastructure development, providing a significant boost to Zimbabwe's tourism sector with the goal of achieving a US$5 billion tou...Published: 29 Sep 2023 at 06:18hrs | 266 | by Staff reporter
Mnangagwa gives Sovereign Wealth Fund of Zimbabwe a tribal name
PRESIDENT Emmerson Mnangagwa has changed the name of Sovereign Wealth Fund of Zimbabwe (SWFZ) to Mutapa Investment Fund through Statutory Instrument (SI) 156 of 2023 gazetted on Wednesday.SWFZ...Published: 20 Sep 2023 at 19:08hrs | 780 | by Staff reporter
Living a lie
IN our NewsDay edition yesterday, we carried two stories titled: Low civil servants wages a time bomb and Let the good time roll, let's enjoy: Mthuli.The two stories clearly highlighted the gl...Published: 20 Sep 2023 at 06:41hrs | 747 | by Staff reporter
'Artificial ivory opens another way to end ban on natural ivory trade' says U.S. NGO
A United States-based NGO welcomed a BBC report this month that Austrian scientists have developed a new artificial ivory product, called Digory, that looks and feels like the real thing. The ...Published: 19 Sep 2023 at 23:41hrs | 250 | by Emmanuel Koro
Zimdollar future hangs in the balance
IT is imperative for every successful and expanding economy in the world to have its own currency and monetary policy. I make that statement because it is important for all Zimbabweans to understand t...Published: 12 Sep 2023 at 06:33hrs | 1101 | by Eddie Cross
Zimdollar remains volatile
LOCAL financial service firm Fincent Securities Private Limited (Fincent) says the Zimbabwe dollar has lost significant value since the announcement of the disputed election results.From the e...Published: 10 Sep 2023 at 09:00hrs | 546 | by Staff reporter
Zimbabwe targeting Zimdollar return in 5 years
Zimbabwe will continue to put in place measures to entrench the use of the domestic currency because having its own currency forms the basis for sustainable economic growth and development, President ...Published: 06 Sep 2023 at 19:09hrs | 653 | by Staff reporter
Zimbabwe foreign currency receipts up US$5,5 billion
ZIMBABWE's foreign currency receipts reached US$5, 5 billion in the first half of 2023 driven by exports and diaspora remittances among other top earners, the Reserve Bank of Zimbabwe (RBZ) latest Mon...Published: 27 Aug 2023 at 09:51hrs | 91 | by Staff reporter
Zanu-PF's well-oiled campaign raises eyebrows
A day after President Emmerson Mnangagwa's rally in Harare on August 9, thousands of empty boxes of fast foods were strewn across the venue spanning up to more than the size of four soccer fields....Published: 13 Aug 2023 at 21:57hrs | 22 | by Staff reporter
Zanu-PF 'supporters' walk out on Mnangagwa
BY 8AM on Wednesday last week, Harare's usually bustling Mupendanhamo flea market was quiet and deserted.Hundreds of its mostly youthful informal entrepreneurs had been directed to shut down a...Published: 11 Aug 2023 at 18:36hrs | 30 | by Staff reporter
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