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Zimbabwe upbeat about economic rebound
Zimbabwe is hoping for economic rebound this year as Finance Minister Mthuli Ncube expects the economy to grow by 7.8%.For two consecutive years, the country's economy has been shrinking. Even...Published: 10 Jun 2021 at 21:23hrs | 157 | by Staff reporter
BCC appeals for US$1bn to overhaul water system
THE Bulawayo City Council (BCC) says it requires US$1 billion to overhaul its water and waste management infrastructure.Mayor Solomon Mguni made the appeal during a meeting with Africa Develop...Published: 10 Jun 2021 at 06:37hrs | 193 | by Staff reporter
US$600 million for Bulawayo infrastructure
BULAWAYO is poised for a major economic transformation and growth following a pledge by the African Development Bank (AfDB) to pump US$600 million towards the city's major infrastructural developmenta...Published: 10 Jun 2021 at 06:23hrs | 598 | by Staff reporter
Govt buys 100 ambulances
GOVERNMENT has procured a fleet of 100 new fully equipped ambulances that are set to be deployed to healthcare facilities throughout the country.The first batch of the specialised vehicles is ...Published: 06 Jun 2021 at 09:50hrs | 233 | by Staff reporter
2021 Mid-Term Budget Expectations
Zimbabwe's mid-term budget for 2021 is expected to be presented in the beginning of July amid encouraging signs of economic recovery in the last 12 months. The country is undergoing a period of relati...Published: 03 Jun 2021 at 20:21hrs | 680 | by Victor Bhoroma
India, AfDB donate ambulances, medical equipment to Zimbabwe
Government has received a fleet of 20 ambulances, and ancillary medical equipment from the Government of India as well as the African Development Bank (AfDB) to help improve the country's public healt...Published: 27 May 2021 at 18:24hrs | 110 | by Staa reporter
Bulawayo water woes unrelenting
BULAWAYO City Council (BCC) has no timeline for the lifting of its water-shedding regime after failing to meet the March deadline, blaming this on a combination of electricity outages and unfinished w...Published: 20 May 2021 at 22:13hrs | 319 | by Staff reporter
'Zimbabwe part of Kazungula Bridge project'
PRESIDENT Emmerson Mnangagwa on Wednesday said Zimbabwe was now part of the Kazungula Bridge project that was snubbed by his predecessor, the late President Robert Mugabe.Kazungula Bridge is a...Published: 07 May 2021 at 06:37hrs | 1813 | by Staff reporter
US$48m injection for Zimbabwe banks
THE European Investment Bank (EIB) will inject €40 million (US$48 million) into Zimbabwe banks for on-lending to the private sector, following an exceptional decision by the European Union (EU) memb...Published: 07 May 2021 at 06:31hrs | 506 | by Staff reporter
Kazungula Bridge opening to boost Sadc trade
THE official opening of the Kazungula Bridge and One-Stop Border Post facilities next week Monday is expected to enhance Southern Africa's access to international markets through connectivity with maj...Published: 05 May 2021 at 07:15hrs | 836 | by Staff reporter
John Deere expands firm's construction equipment portfolio to Zimbabwe
JOHN Deere is expanding its construction equipment line-up to 18 countries, including Zimbabwe, where Deere-branded construction products were previously not available.The company already supp...Published: 16 Apr 2021 at 07:54hrs | 368 | by Staff reporter
Dr Chiwenga to officially launch Leather Sector Strategy
THE Zimbabwe Leather Sector Strategy (2021-2030) would be officially launched this Friday in Bulawayo with Vice-President, Dr Constantino Chiwenga, expected to lead the proceedings. The leathe...Published: 06 Apr 2021 at 06:44hrs | 789 | by Staff reporter
AfDB pegs Zimbabwe growth at 4,2%
ZIMBABWE'S economy contracted by 10% last year and is envisaged to grow by 4,2% in 2021 if effective measures are taken to stabilise foreign exchange and avoid excessive money creation, the African De...Published: 29 Mar 2021 at 06:26hrs | 372 | by Staff reporter
The Zimparks, Lake Kariba Fisheries Research Institute (LKFRI) has launched small-scale fisheries (SSF) project that support loc
Titled, "Setting the stage for successful and sustainable management, development and utilisation of the small-scale fisheries of Lake Kariba, Zimbabwe" is the project that was launched yesterday by t...Published: 27 Mar 2021 at 06:39hrs | 473 | by MuHwisiry Chaiyeiye a Patsaka Nyaminyami Community Radio correspondent
Zimbabwe dominates Sadc remittances
ZIMBABWE received the largest remittances in southern Africa, underpinned by high migration of citizens who fled a two decade-long economic crisis, the latest African Development Bank (AfDB) data show...Published: 12 Mar 2021 at 06:46hrs | 806 | by Staff reporter
Nzenza warns CZI to brace for stiff competition
GOVERNEMT has warned industries to brace for stiff competition against other African manufacturers as the region removes trade barriers, following a historic trade pact that came into effect in Januar...Published: 12 Mar 2021 at 06:39hrs | 513 | by Staff reporter
More water for Bulawayo
Bulawayo City Council says it has completed the final phase of the rehabilitation of the Criterion Water Works which will result in the city's water pumping capacity going up to 180ML per day against ...Published: 10 Mar 2021 at 05:49hrs | 602 | by Staff reporter
Road infrastructure decay needs policy change
The pace of Zimbabwe's road infrastructure decay has reached alarming levels which call for a policy change by the government. The country's major highways and urban roads have become a living hazard ...Published: 16 Feb 2021 at 14:34hrs | 757 | by Victor Bhoroma
BCC exhausts US$33 million AfDB allocation
THE Bulawayo City Council (BCC) says it has exhausted the US$33 million received from the African Development Bank (AfDB) on various projects, forcing the contractor working on the Epping Forest water...Published: 13 Feb 2021 at 14:42hrs | 287 | by Staff reporter
Fuel, mines and banks the Tagwirei method
TAGWIREI has built up his wealth in large part through a long-standing partnership with major commodities trader Trafigura, which has been trying to distance its operations from him as he faces intern...Published: 10 Feb 2021 at 06:23hrs | 2174 | by Staff reporter
State entities dominate forex allocations, says Cross
STATE firms and government departments are collecting a significant amount of funds allocated at the Reserve Bank of Zimbabwe (RBZ)'s foreign currency auction system weekly, crowding out the private s...Published: 29 Jan 2021 at 07:03hrs | 825 | by Staff reporter
BCC purchases and installs defective water pumps
THE Bulawayo City Council could have lost millions of dollars after purchasing and installing new water pumps with "significant design and manufacturing" defects that they wanted installed at the loca...Published: 10 Jan 2021 at 07:47hrs | 246 | by Staff reporter
10 new mini-factories for Matebeleland North Province
A TOTAL of 10 mini-factories will be shortly established to manufacture high-value leather products in rural Matebeleland North province following the handover yesterday of brand-new equipment sourced...Published: 15 Dec 2020 at 06:05hrs | 435 | by Staff reporter
ZIMCODD calls for Zimbabwe debt cancellation
International financial institutions have to cancel Zimbabwe's crippling debt, the Zimbabwe Coalition on Debt and Development (ZIMCODD) has said, as the burden proscribes the southern African country ...Published: 29 Oct 2020 at 06:20hrs | 350 | by Staff reporter
IMF lowers Zimbabwe GDP growth further
THE International Monetary Fund (IMF) says Zimbabwe's economy will contract by 10,4% this year, much higher than its earlier prediction of 7,4%, but expects a rebound next year.It also expects...Published: 16 Oct 2020 at 07:24hrs | 1706 | by Staff reporter
Mthuli Ncube rules out de-dollarisation
Finance Minister Mthuli Ncube says that Zimbabwe is beginning to engage multilateral creditors, with a view of clearing its US$1.8 billion arrears, which will see the country unlock fresh funding to a...Published: 06 Oct 2020 at 07:25hrs | 7095 | by Staff reporter
'Zimbabwe to keep getting IMF technical support'
GOVERNMENT has said it will continue working with international financial institutions (IFIs), including the International Monetary Fund (IMF) after its aborted Staff-Monitored Programme (SMP) with th...Published: 02 Oct 2020 at 07:45hrs | 485 | by Staff reporter
Sasai launches talent promotion show across Africa
LONDON - Cassava Fintech International (CFI) has launched a new #African&Talented promotion aimed at identifying and supporting talent across Africa through the Sasai App, with the top winner walk...Published: 12 Sep 2020 at 16:00hrs | 474 | by Agencies
'I won 2018 elections, there is no crisis' insists Mnangagwa - rigged hence existential crisis
"I wish to unequivocally state that there is no crisis in Zimbabwe as elections were held in July 2018 and a winner was declared in terms of the country's Constitution," stated Emmerson Mnangagwa....Published: 06 Sep 2020 at 07:53hrs | 500 | by Patrick Guramatunhu
AFDB to host swearing ceremony for newly elected President
The African Development Bank is hosting a swearing-in ceremony of its newly re-elected President, Dr Akinwumi A. Adesina, on Tuesday 1 September 9.00 am GMT.AFDB in a statement yesterday said ...Published: 31 Aug 2020 at 08:40hrs | 762 | by Stephen Jakes
'Khami Dam sewage water good for drinking'
BULAWAYO City Council (BCC) has said tests have certified that Khami Dam water meets acceptable standards for drinking and is also considering a new aquifer which can supply the city with about 40 meg...Published: 27 Aug 2020 at 07:26hrs | 738 | by Staff reporter
Zimbabwe urgently needs PPP regulation
The state of public infrastructure in Zimbabwe has never been as dire as it is now. Years of underinvestment in the railway network, highways and roads, energy generation plants, sports facilities, bo...Published: 22 Aug 2020 at 20:12hrs | 1170 | by Victor Bhoroma
Decaying infrastructure drags Zimbabwe to Stone Age
ZIMBABWE is lagging behind other regional countries in infrastructural development and would require huge investment to build robust infrastructure and catch up with continental leaders, a new report ...Published: 02 Aug 2020 at 09:17hrs | 237 | by Staff reporter
2020 Mid Term Budget Hits and Misses
The 2020 mid-term budget and economic review was delivered amid high inflation levels and declining economic productivity that has been worsened by the Corona Virus pandemic. The Zimbabwean economy is...Published: 27 Jul 2020 at 20:38hrs | 1158 | by Victor Bhoroma
Rating of the African Development Bank, with Stable Outlook
Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank's (AfDB) Long-Term Issuer Default Rating (IDR) at 'AAA', with stable outlook. According to the agency,...Published: 21 Jul 2020 at 11:49hrs | 400 | by Stephen Jakes
'No bailout until implement reforms' says Paris Club - we're paying dearly for double Dutch
Zimbabwe is in this serious economic mess and political paralysis; having Zanu PF on the one hand and an equally corrupt, incompetent and utterly useless opposition on the other; because, for 40 years...Published: 06 Jul 2020 at 06:57hrs | 2621 | by Wilbert Mukori
Zimbabwe to get another helping hand from the AfDB
Zimbabwe's attempts to raise money to fight Covid-19 are looking up as the African Development Bank (AfDB) is planning to give it US$13.7 million (about R235 million) in financial assistance.T...Published: 16 Jun 2020 at 12:15hrs | 461 | by Staff reporter
Decaying infrastructure drags Zimbabwe to Stone Age
ZIMBABWE is lagging behind other regional countries in infrastructural development and would require huge investment to build robust infrastructure and catch up with continental leaders, a new report ...Published: 14 Jun 2020 at 10:05hrs | 151 | by Nyasha Chingono
Zimbabwe: IMF hammers country already on its knees
Mercifully, Zimbabwe's infection and death rates from Covid-19 are so far very low but the economy, already labouring under the effects of drought, has been hit by the lockdowns. Worse, the IMF has de...Published: 27 May 2020 at 07:12hrs | 701 | by Baffour Ankomah I New African Magazine
'Money printing impact is worse than Covid-19'
THE Zimbabwe National Chamber of Commerce (ZNCC) has warned government against printing money to fund the ZW$18 billion Covid-19 Economic Recovery and Stimulus Package saying to do so will have a more...Published: 22 May 2020 at 07:25hrs | 1386 | by Staff reporter
'Key to stopping covid-19 is ITTIT and civic collaborative effort' - keep corrupt government and it come to naught
"Writing on his popular Facebook blog following his appointment by the African Union as a Special Envoy to Coordinate the Africa Private Sector Initiative for the Procurement of Personal Protective Eq...Published: 17 May 2020 at 15:24hrs | 495 | by Nomusa Garikai
AfDB approves $13,7m grant to Zimbabwe
THE African Development Bank (AfDB) has approved a $13,7 million grant towards Zimbabwe's COVID-19 response.The funds will provide a lifeline for targeted frontline responders and health perso...Published: 16 May 2020 at 07:49hrs | 633 | by Staff reporter
Khami Dam plan reignites debate
Bulawayo City Council's proposal to purify Khami Dam water for drinking has reignited the debate on the suitability of the water for domestic consumption with some residents flatly objecting the plann...Published: 13 May 2020 at 07:24hrs | 390 | by Staff reporter
Sewage contaminated Khami Dam water for drinking, as BCC goes back to 'objectionable' plan
THE Bulawayo City Council (BCC) is exploring possibilities of purifying the dirty Khami Dam water for drinking as the city' s water situation reaches critical levels.The city is conducting a f...Published: 11 May 2020 at 15:01hrs | 625 | by Staff repprter
Zimbabwe pleads for aid to avert 'collapse' and fight Covid-19
Zimbabwe has pleaded with international institutions to help it clear billions of dollars in debt arrears so the country can avoid economic collapse and unlock funds to fight the coronavirus pandemic....Published: 04 May 2020 at 11:05hrs | 1661 | by James Cotterill I Financial Times
Mnangagwa rattled by Mthuli Ncube's letter?
IN A surprising development which will rattle President Emmerson Mnangagwa, his government and the ruling Zanu-PF, Finance minister Mthuli Ncube has openly admitted that his policies have failed and t...Published: 02 May 2020 at 16:44hrs | 19960 | by Staff reporter
Zimbabwe economy could shrink by 20% without coronavirus aid, says Mthuli Ncube
Zimbabwe's finance minister, Mthuli Ncube, has issued an impassioned plea to international finance institutions, laying bare the country's battered economy and saying it faces "catastrophe" if it does...Published: 02 May 2020 at 15:08hrs | 461 | by Staff reporter
The emperor parades naked
DIPLOMACY, some say, is the idea of telling someone to go to hell and they look forward to it. Zimbabwe has been used to the idea of being a country that is a pariah State and more specificall...Published: 02 May 2020 at 07:54hrs | 1017 | by Paidamoyo Muzulu
Zimbabwe COVID-19 lockdown goes into Stage 2
PRESIDENT Mnangagwa has extended the Covid-19-induced lockdown by a further 14 days and announced an $18 billion Economic Rescue and Stimulus Package to scale up production in all sectors of the econo...Published: 02 May 2020 at 07:18hrs | 483 | by Staff reporter
Mnangagwa begs for support as Zimbabwe collapses
PRESIDENT Emmerson Mnangagwa's government has approached international financiers begging for a lifeline to avoid a possible economic collapse and political upheaval, a respected security publication ...Published: 01 May 2020 at 08:26hrs | 7210 | by Staff reporter
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