Columnist / Tawanda musarurwa
Zimbabwe sanctions review. . . Devil is in the detail
ON March 4, 2024, United States President Joe Biden signed Executive Order 14353, which somewhat shifted the US' sanctions regime on Zimbabwe.But what exactly has changed?The devil is ...Published: 10 Mar 2024 at 06:23hrs | 11 | by Tawanda Musarurwa
Embargoes throttle Zimbabwe's financial system
Earlier this month, United States President Donald Trump extended the economic sanctions against Zimbabwe by a year, claiming that new Government's policies continue to pose an "unusual and extraordin...Published: 15 Mar 2019 at 05:50hrs | 2 | by Tawanda Musarurwa
RBZ to enforce in duplum rule
The Reserve Bank of Zimbabwe has moved to boost public confidence in the local banking sector by among other things, compelling banks to adhere to the in duplum rule in respect of interest rates....Published: 08 Jul 2016 at 15:05hrs | | by Tawanda Musarurwa
Zimbabwe approves National Diaspora Policy
Zimbabwe's efforts to effectively engage its Diaspora community are taking shape after Cabinet yesterday approved the National Diaspora Policy.Finance and Economic Development Minister Patrick...Published: 22 Jun 2016 at 14:58hrs | | by Tawanda Musarurwa
Treasury directs Zinara to disburse 70% of funds for rehabilitation
The Zimbabwe National Road Administration (ZINARA) says it is now disbursing the greater chunk of its funds towards periodic road maintenance in view of limited funds and a huge rehabilitation backlog...Published: 21 Jun 2016 at 15:53hrs | | by Tawanda Musarurwa
Credit Reference Bureau to go online on July 31
Zimbabwe's Credit Reference Bureau (CRB) is set to be fully operational by the end of next month, an official has said.The chief bank examiner at the Reserve Bank of Zimbabwe Mr Ruzayi Chiviri...Published: 14 Jun 2016 at 15:35hrs | | by Tawanda Musarurwa
'No foreign firms seeking Zimbabwe indigenisation exemption'
No foreign companies have approached the Government seeking exemptions to the 51percent /49 percent indigenisation requirement.Zimbabwe's Indigenisation and Economic Empowerment Act of 2007 (C...Published: 13 Jan 2016 at 21:03hrs | | by Tawanda Musarurwa
Zimbabwe, Italian firm partner for first Zimbabwe made car
The Ministry of Industry and Commerce has signed several memoranda of understanding (MoUs) with Italian firm El Badaoui Group, aimed at enhancing value addition and beneficiation in the country....Published: 10 Nov 2015 at 15:11hrs | | by Tawanda Musarurwa
Retrench to remain afloat, ZTA told
The Zimbabwe Tourism Authority (ZTA) should rationalise its staff and operations in view of reduced budgetary support from Government, a Cabinet Minister has said.Minister of Tourism and Hospi...Published: 08 Aug 2015 at 06:32hrs | | by Tawanda Musarurwa
CIMAS threatens legal action over tariff dispute
CIMAS Medical Aid Society has said it could approach the courts for the resolution of a long-standing dispute over a tariff for the sector.The country's second largest medical aid society hol...Published: 16 Jun 2015 at 08:24hrs | | by Tawanda Musarurwa
Zimbabweans voted off Mwana Africa board
Mr Ngoni Kudenga and Mr Herbert Mashanyare were today voted off the Mwana Africa board at the company's extraordinary general meeting in the United Kingdom.The EGM, which had been requisitione...Published: 09 Jun 2015 at 18:09hrs | | by Tawanda Musarurwa
Delta, BAT trading at a premium, says analyst
HARARE - As a few optimistic investors scurry for large-cap stocks on the Zimbabwe Stock Exchange (ZSE) in view of their perceived safety, this could have swelled their stock prices to between "fully-...Published: 28 May 2015 at 06:49hrs | | by Tawanda Musarurwa
Zimbabwe to exit deflation in 2016
Zimbabwe should move into positive inflation in 2016, with regional economists projecting an annual inflation rate of 1,5 percent by the end of 2016. The African Development Bank also estimate...Published: 27 May 2015 at 07:02hrs | | by Tawanda Musarurwa
Zimbabwe to rope in Chinese in SEZs infrastructure development
The Government says it would like to see Chinese developers becoming heavily involved in the development of infrastructure for Special Economic Zones (SEZs) that will be set up across the country....Published: 20 May 2015 at 16:18hrs | | by Tawanda Musarurwa
Zimbabwe could dispose of stake in Pan African Minerals Development Company
Government is considering the possibility of disposing foreign assets belonging to the National Railways of Zimbabwe (NRZ), and using the funds to re-capitalise the country's sole railway company....Published: 19 May 2015 at 16:18hrs | | by Tawanda Musarurwa
Telecel engages Potraz over compliance
Telecel Zimbabwe could well be on the way to normalise its compliance issues with the Postal and Telecommunications Regulatory Authority of Zimbabwe which is currently looking at representations from ...Published: 14 Apr 2015 at 16:43hrs | | by Tawanda Musarurwa
Jane Mutasa bid to stop Telecel EGM fails
Key shareholder Dr Jane Mutasa's bid to stop the Extraordinary General Meeting to sanction the sale of Empowerment Corporation (Private) Limited's 40 percent stake in Telecel Zimbabwe (Private) Limite...Published: 27 Feb 2015 at 16:33hrs | | by Tawanda Musarurwa
'$5 compensation for Zimdollar accounts a howler,' says CZI boss
The move by the Reserve Bank of Zimbabwe to demonetise the Zimbabwe dollar balances by alloting genuine account holders $5 per account is a faux pas, Confederation of Zimbabwe Industries (CZI) pr...Published: 13 Feb 2015 at 16:42hrs | | by Tawanda Musarurwa
'Interbank market now operational,' says RBZ
Local banks' ability to extend liquidity reprieve to each other has been enhanced following the full operationalisation of the interbank market.Besides ensuring stability of the financial sect...Published: 11 Feb 2015 at 16:58hrs | | by Tawanda Musarurwa
Royal Bank creditors to submit claims next week
Defunct Royal Bank Zimbabwe (Pvt) Ltd's creditors and members will next week meet with the Deposit Protection Board (DPC) before the Master of High Court for the submission of claims.The meeti...Published: 21 Jan 2015 at 16:26hrs | | by Tawanda Musarurwa
Zimbabwe loses $2,6 billion in trade mis-invoicing
Zimbabwe's current trade imbalance may be attributed to trade mis-invoicing, which has prejudiced the country of $2,6 billion through illicit financial outflows between 2003 and 2012, a new report sho...Published: 09 Jan 2015 at 16:33hrs | | by Tawanda Musarurwa
Weak Brent crude prices to have limited effect on Zimbabwe's pump prices
Although the pump prices of petrol and diesel in Zimbabwe have declined about 1,9 percent and 4,1 percent, respectively since October last year, observers say local fuel prices will not go down any fu...Published: 06 Jan 2015 at 17:03hrs | | by Tawanda Musarurwa
EU to remove ALL sanctions on Zimbabwe this year
The European Union is set to completely remove its sanctions on Zimbabwe this year, an EU official has said.EU delegation ambassador to Zimbabwe Aldo Dell'Ariccia said this year would see the ...Published: 28 May 2014 at 15:04hrs | | by Tawanda Musarurwa
Zim-EU relations thawing?
In a development that could indicate a further thawing of relations between Zimbabwe and the European Union (EU), the European Union Council on Tourism and Trade (ECTT) has unanimously awarded Zimbab...Published: 07 May 2014 at 15:47hrs | | by Tawanda Musarurwa
Zimbabwe mobile penetration at 104.4%
Zimbabwe's improved tele-density has opened up opportunities for mobile money services.This should provide impetus for growth in the country's usage of electronic payment systems. Last week In...Published: 18 Mar 2014 at 15:36hrs | | by Tawanda Musarurwa
Zimbabwe trade imbalance could be understated
Zimbabwe's trade deficit could be significantly understated in view of indications by a World Bank study that partner countries have reported much lower import figures from the country.The rep...Published: 10 Mar 2014 at 15:47hrs | 7 | by Tawanda Musarurwa
Zim industry calls for review of indigenisation policy
Industry has called for the Government to exclude the manufacturing sector from the indigenisation policy. The call was made by Surface Investments chairman Narottam Somani while addressing th...Published: 04 Mar 2014 at 15:18hrs | 9 | by Tawanda Musarurwa
Zim employees do not trust their organisations
Employee confidence in the country took a dip for the month of December, according to the latest Employee Confidence Index by Industrial Psychology Consultants (Pvt) Ltd....Published: 06 Feb 2014 at 19:56hrs | | by Tawanda Musarurwa I BH24
Zimbabwe could benefit from stricter firearm regulation
Tawanda MusarurwaYou definitely know something is wrong when a woman is robbed of a mango she is eating at gunpoint.This is the ridiculous incident that occurred recently along the Masvingo-Be...Published: 10 Jan 2014 at 08:18hrs | | by Tawanda Musarurwa
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