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Afreximbank to inject US$1bn into Zimbabwe economy
The African Export-Import Bank (Afreximbank) has announced a substantial financial commitment of US$1 billion to support Zimbabwe's economic growth, with funds allocated to various sectors in both the...Published: 14 Nov 2024 at 09:21hrs | 173 | by Staff reporter
Mnangagwa in Bulawayo for ZimTrade indaba
President Emmerson Mnangagwa arrived in Bulawayo yesterday, where he is set to officially open the ZimTrade Annual Exporters Conference today. The event, hosted at the Zimbabwe International Exhibitio...Published: 17 Oct 2024 at 08:50hrs | 108 | by Staff reporter
Zimbabwe shops impose limits amid panic-buying?
Some shops across Zimbabwe have imposed "one item per person" rules for products such as milk to fend off panic-buying triggered by a new loss of faith in the country's latest currency.Last we...Published: 02 Oct 2024 at 07:57hrs | 1181 | by Staff reporter
Zimbabwe prepares for Sadc payments platform
Zimbabwe is preparing to join a regional payments system developed by the Southern African Development Community (Sadc) to facilitate cross-border transactions. This move comes as part of Sadc's broad...Published: 03 Aug 2024 at 13:05hrs | 388 | by Staff reporter
Chiwenga to officiate at Investment Forum
The Ministry of Industry and Commerce is preparing to host the Investment Forum next Monday, attracting key stakeholders and policymakers from across Africa. The forum, held in collaboration with the ...Published: 26 Jul 2024 at 06:38hrs | 207 | by Staff reporter
Zimbabweans skeptical as Motsoaledi resumes role as health minister
Some Zimbabweans are concerned about Dr Aaron Motsoaledi's return as Minister of Health in South Africa, citing his previous harsh attitude toward migrants, notably Zimbabweans, accusing them of overw...Published: 08 Jul 2024 at 16:42hrs | 26 | by Staff reporter
Mutapa Fund facilitates US$431m loan for NRZ
The Mutapa Investment Fund (MIF) is facilitating a US$431 million loan from Afreximbank to support the National Railways of Zimbabwe (NRZ) in its infrastructural rehabilitation efforts. This developme...Published: 17 Jun 2024 at 09:00hrs | 2 | by Staff reporter
Intra-Africa exports surge
At the 31st Afreximbank Annual Meetings in Nassau, The Bahamas, Kwazulu-Natal premier Nomusa Dube-Ncube highlighted Africa's growing intracontinental commerce, which now constitutes 16.3% of total tra...Published: 13 Jun 2024 at 10:26hrs | | by Staff reporter
'Bond notes, Zimdollar had no backing'
BOND notes and the Zimdollar (ZWL$) did not have any backing during their tenure, the central bank has said, raising questions on the facilities that were bandied to be supporting the local currency....Published: 12 Apr 2024 at 09:49hrs | 2 | by Staff reporter
Zimbabwe's new ZiG spins markets into trading disruptions and uncertainty
Zimbabwe's newly introduced ZiG currency is causing market disruptions and transaction bottlenecks despite central bank assurances that it is backed by gold and foreign currency reserves, amid sceptic...Published: 09 Apr 2024 at 06:24hrs | | by Staff reporter
Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | 2 | by Staff reporter
Zimbabwe's new currency requires bold measures to succeed
JOHN Mushayavanhu, the new Reserve Bank of Zimbabwe (RBZ) governor, yesterday put his head on the block declaring that "not under my watch" will the apex stray from its core functions as he launched a...Published: 06 Apr 2024 at 08:10hrs | | by Staff reporter
'RBZ reserves inadequate'
New Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu talking to journalists at the central bank in Harare on Thursday during a handover takeover process from his predecessor John Mangudya ove...Published: 04 Apr 2024 at 21:16hrs | 98 | by Staff reporter
Govt critic slams introduction of Zimbabwe's new 'structured currency'
Prominent economist Gift Mugano has dismissed the government's proposed introduction of a "structured currency" as merely a repetition of past unsuccessful endeavors. This move is seen as the latest e...Published: 03 Apr 2024 at 08:53hrs | 1 | by Staff reporter
FML bosses fleece policyholders
FIRST Mutual Life Assurance (FML) managers set up an employee mortgage scheme and an employee staff loan scheme without the knowledge of the board, resulting in policyholders being prejudiced of more ...Published: 21 Mar 2024 at 19:45hrs | 2 | by Staff reporter
War Victims endorse Mavhunga; praise ED's choice
The Zimbabwe Liberation War Victims Association (ZLWVA) welcomes the recent appointment of Senator Monica Mavhunga as the Minister of the Veterans of Liberation Struggle Affairs while describing the c...Published: 08 Mar 2024 at 22:10hrs | 13 | by Gideon Madzikatidze/Simbarashe Sithole
Bulawayo Thermal Power Station decommissioning to hit jobs
THE Bulawayo Progressive Residents Association ((BPRA) has warned of massive job losses in the country's second largest city as the power utility Zesa moves to decommission the Bulawayo thermal power ...Published: 02 Feb 2024 at 17:20hrs | 3 | by Staff reporter
Anti-Mnangawa protests blocked by Zimbabwe police
POLICE have blocked planned protests by some members of the main opposition Citizens Coalition for Change (CCC) led by Nelson Chamisa.The party had asked the police for permission to peacefull...Published: 11 Jan 2024 at 05:17hrs | 1 | by Staff reporter
African countries stand firm on fossil fuels
The African Group of Negotiators is calling for an outcome that allows Africa to exploit its fossil fuels including coal, oil and gas to eradicate poverty while also funding renewable energy projects....Published: 12 Dec 2023 at 17:59hrs | | by Staff reporter
Matumbu bounces back
Mvurwi-based comedian Lloyd "Matumbu" Jack is back in the arts industry with his 14th drama titled Usavimbe nemunhu.Matumbu suffered major drawbacks after some of the members died, others got ...Published: 12 Nov 2023 at 19:53hrs | 18 | by Simbarashe Sithole
US$115m loan for NRZ imminent
The National Railways of Zimbabwe is on the verge of finalizing a loan agreement of US$115 million with the African Export-Import Bank (Afreximbank). Out of this amount, $81 million will be allocated ...Published: 29 Oct 2023 at 12:25hrs | | by Staff reporter
Zimbabwe's main opposition implodes, handing Zanu-PF full control
Just over a month after disputed general elections in Zimbabwe, the main opposition party, Citizens Coalition for Change (CCC), appears to be imploding as a renegade outfit starts recalling parliament...Published: 10 Oct 2023 at 18:30hrs | 1 | by Staff reporter
Mnangagwa briefs Sadc leaders
President Mnangagwa provided updates on Zimbabwe's harmonized elections, characterizing them as peaceful, free, and fair, during discussions with four Sadc leaders. These engagements took place on the...Published: 27 Sep 2023 at 06:13hrs | | by Staff eporter
Mnangagwa back home from United Nations summit
President Emmerson Mnangagwa has returned to Zimbabwe from New York, USA, where he attended the 78th Session of the United Nations General Assembly (#UNGA78). During the UN General Assembly conference...Published: 25 Sep 2023 at 08:35hrs | 2 | by Staff reporter
Bulawayo flea burns
ABOUT 350 traders in Bulawayo have been left stranded after their wares were reduced to ashes by a raging inferno, which engulfed Mutize Flea Market, popularly known as the ‘Little Musina" early yes...Published: 31 Aug 2023 at 06:42hrs | | by Staff reporter
Disband Zinara, demands Zapu candidate
ZAPU candidate for Lupane East, Mthenjwa Gumbo, has demanded that the Zimbabwe National Road Administration (Zinara) be disbanded due to its failure to rehabilitate national roads, especially in the M...Published: 21 Aug 2023 at 06:35hrs | 6 | by Staff reporter
Mtshane Khumalo elected new president of the Zimbabwe Chief's Council
Matabeleland North traditional leader, Chief Mtshane Khumalo was Thursday elected new president of the Zimbabwe chief's council after outgoing leader of the body, Chief Fortune Charumbira relinquished...Published: 10 Aug 2023 at 20:29hrs | 5 | by Staff reporter
'US$400m facility won't stabilise Zimbabwe economy'
OLD Mutual Investment Group (OMIG) says the US$400 million funding secured by the government from the African Export-Import Bank (Afreximbank) is insufficient to restore stability to the local currenc...Published: 19 Jul 2023 at 06:43hrs | | by Staff reporter
Zec stops Gutu West election
Voters in Gutu West will not be able to cast votes for their favourite parliamentary candidates on August 23, 2023, following the death of one of the candidates a fortnight ago.Independent can...Published: 15 Jul 2023 at 11:17hrs | 9 | by Staff reporter
Mnangagwa says global capital safe in Zimbabwe
PRESIDENT Mnangagwa yesterday invited investors from the United States and the rest of the world to partner with the Government in unlocking vast investment opportunities across economic value chains,...Published: 13 Jul 2023 at 06:59hrs | 2 | by Staff reporter
Masiyiwa receives Afreximbank award
STRIVE Masiyiwa, the founder and chairperson of the Econet Group and Cassava Technologies, has expressed his appreciation at the recognition he received at the Afreximbank's Pan-African Business and D...Published: 25 Jun 2023 at 18:21hrs | 13 | by Staff reporter
RBZ backs Pan-African payment, settlement system
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has thrown weight behind the Pan-African Payment and Settlement System, a cross-border, financial market infrastructure enabling payment system...Published: 21 Jun 2023 at 06:17hrs | 2 | by Staff reporter
'Biti was rigged to make way for Chamisa sympathiser'
FORMER Cabinet Minister Jonathan Moyo has claimed Citizens Coalition for Change (CCC) legislator Tendai Biti's recent loss to fellow Member of Parliament (MP) Allan ‘Rusty' Markham was rigged....Published: 19 Jun 2023 at 18:22hrs | | by Staff reporter
Mnangagwa expected in Ghana
PRESIDENT MNANGAGWA is expected in Ghana today, where he will join continental and Caribbean leaders for the 30th African Export-Import Bank (Afreximbank) meetings.His participation symbolises...Published: 18 Jun 2023 at 08:32hrs | 1 | by Staff reporter
Jonathan Moyo tells ZEC to redo the voters roll inspection exercise
EXILED former cabinet minister Jonathan Moyo has urged the Zimbabwe Electoral Commission (ZEC) to redo the voters roll inspection exercise. The exercise was previously scheduled for May 27-31,...Published: 31 May 2023 at 07:06hrs | | by Staff reporter
President Ruto asks Africans to ditch the US Dollar
President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar by signing up to a pan-African payments system to facilitate trade within the conti...Published: 30 May 2023 at 22:32hrs | | by Erick Matotoba
Chamisa orders ouster of Peter Mataruse?
CITIZENS Coalition for Change (CCC) president, Nelson Chamisa has reportedly ordered that internal processes to choose a parliamentary candidate for Chinhoyi constituency be redone.The nomination ...Published: 26 May 2023 at 16:26hrs | | by Staff reporter
Magistrate convicts CCC councillor without trial
A Chiredzi magistrate who bungled a case of an 'unauthorized' meeting involving a CCC councilor by convicting him at the close of the State case apologised for the error and wrote to the High Court in...Published: 30 Apr 2023 at 09:37hrs | | by Staff reporter
King Mswati III arrives in Zimbabwe for State visit
King Mswati III of the Kingdom of Eswatini arrives in the country on Tuesday for an official State visit, which begins on Thursday, where he is expected to hold talks with President Mnangagwa....Published: 23 Apr 2023 at 07:46hrs | 4 | by Staff reporter
RBZ boss speaks on looming exit
The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says his top priorities are to leave behind a sound financial system, strong central bank, and stable prices as his two terms come to an end....Published: 16 Apr 2023 at 08:32hrs | | by Staff reporter
Biti moves to derail assault trial
FORMER Finance minister Tendai Biti yesterday filed an urgent chamber application to stop his trial in a case where he is accused of verbally assaulting local businesswoman, Tatiana Aleshina.I...Published: 06 Apr 2023 at 06:44hrs | | by Staff reporter
Mnangagwa claims that Zimbabwe upholds good governance
PRESIDENT Emmerson Mnangagwa told delegates attending the Zimbabwe Second Structured Dialogue Platform Meeting that the country is upholding tenets of good governance and democracy as part of efforts ...Published: 27 Feb 2023 at 15:50hrs | 4 | by Staff reporter
Zimbabwe after Robert Mugabe
This opinion-editorial piece was written by Japhet Ncube, a Zimbabwean-born former editor of South African daily, The Star, in November 2017 during the coup which ousted the late former president Robe...Published: 04 Feb 2023 at 20:10hrs | 10 | by Japhet Mathanda Ncube
ConCourt hears case by Zanu-PF activist that could upend delimitation
The Constitutional Court on Thursday began hearing an application by a Zanu-PF supporter seeking to force the Zimbabwe Electoral Commission (ZEC) to restart the process of delimitation of constituency...Published: 19 Jan 2023 at 13:12hrs | | by Staff reporter
Zimbabwe unlikely to benefit from US$55 billion Africa injection
ALTHOUGH the United States government promised US$55 billion investment into Africa over the next three years at the US-Africa summit that ended this week, Zimbabwe is unlikely to benefit much because...Published: 21 Dec 2022 at 20:08hrs | | by Staff reporter
Ministers battle to control Zaka district
Zanu-PF factional wars in Masvingo are far from over as the battle for dominance between provincial chairperson Robson Mavhenyengwa and his predecessor and current Minister of State for Provincial Aff...Published: 17 Dec 2022 at 12:18hrs | | by Staff reporter
$3 billion for RG Mugabe Airport upgrade, amid faulty radar system
THE upgrading of the Robert Gabriel Mugabe International Airport in Harare has been allocated ZW$3.1 billion by Finance minister Mthuli Ncube as fears mount that the port of entry has become a major c...Published: 29 Nov 2022 at 17:59hrs | 1 | by Staff reporter
Mnangagwa invites African finance houses for talks
ZIMBABWE is ready to tap into available financial services provided by the Africa Export and Import Bank (Afreximbank) and the African Development Bank (AfDB) to bolster its industrial transformation ...Published: 28 Nov 2022 at 04:54hrs | | by Staff reporter
Mnangagwa's govt turns to Treasury bills, bonds
THE cash-strapped government is likely to print money to finance its $575,5 billion budget deficit, economic analysts warned yesterday after Finance minister Mthuli Ncube announced next year's $4,5 tr...Published: 25 Nov 2022 at 05:12hrs | | by Staff reporter
Afreximbank Zimbabwe trade centre on cards
AFRICAN Export-Import Bank (Afreximbank) Bank has taken the first step to establish a trade centre in Zimbabwe which will cater for the southern African region.This comes at a time when the co...Published: 10 Sep 2022 at 06:22hrs | | by Staff reporter
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