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Mnangagwa says his govt will not continue crying over sanctions
PRESIDENT Emmerson Mnangagwa says his administration will not continue mourning over sanctions imposed against Zimbabwe by the West some 20 years ago.He said despite the sanctions in place, Go...Published: 17 Oct 2021 at 09:11hrs | 1276 | by Agencies
Sanctions affect ordinary people
IN a week's time, we will have the Anti-Sanctions Day again.In August 2019, the Southern African Development Community (SADC) declared October 25 as the Anti-Sanctions Day in solidarity with t...Published: 17 Oct 2021 at 08:59hrs | 49 | by Nobleman Runyanga
Can Caterpillars Save Us?
For as long as anyone can remember, mopane worms have provided a critical source of nutritional and financial sustenance for Zimbabweans, especially in the country's southernmost provinces.In ...Published: 14 Oct 2021 at 19:24hrs | 937 | by Fortune Moyo
CEOs mount plan for US$3,2 trillion bloc
ZIMBABWEAN CEOs last week urged domestic industries to mount aggressive strategies to unlock big opportunities brought by January's launch of the African Free Trade Area (AfCFTA), a US$3,2 trillion ma...Published: 04 Oct 2021 at 05:53hrs | 615 | by Staff reporter
Zimbabwe political uncertainty hampering energy sector revival, says AfDB
THE African Development Bank (AfDB) has cited an unstable political environment and the risk of expropriation as some of the reasons unnerving potential investors from injecting capital in Zimbabwe's ...Published: 03 Oct 2021 at 08:20hrs | 174 | by Staff reporter
Bulawayo residents face 216% rates hike
BULAWAYO rate payers are expected to pay an average of 216 percent more in tariffs as the local authority has proposed a $24 billion budget for the coming year.The budget consists of a $16,8 b...Published: 01 Oct 2021 at 07:53hrs | 220 | by Staff reporter
Mnangagwa is the best boss ever, claims Mthuli Ncube
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has showered praises on President Mnangagwa's leadership, describing him as the "best boss" to ever work with and under.Since...Published: 30 Sep 2021 at 07:14hrs | 654 | by Staff reporter
Govt lavishes Mthuli Ncube with a US$200 000 hotel stay
GOVERNMENT allegedly splurged over US$200 000 on Finance minister Mthuli Ncube (pictured)'s accommodation after his lengthy stay at a five-star hotel in the capital before he relocated to a plush home...Published: 24 Sep 2021 at 09:50hrs | 8019 | by Staff reporter
Solutions to Zimbabwe debt, fiscal deficits
THE Labour and Economic Development Research Institute of Zimbabwe (Ledriz) has crafted a cocktail of measures which could be a solution to Zimbabwe's debt problems, fiscal deficits, stunted growth an...Published: 24 Sep 2021 at 09:45hrs | 420 | by Staff reporter
Foreign currency receipts surge
ZIMBABWE'S foreign currency receipts increased by 32% to US$5,09 billion during the eight months ended August 7, 2021, as industries shook-off the effects of a difficult 2020 to ship more products to ...Published: 24 Sep 2021 at 09:22hrs | 460 | by Staff reporter
Zimbabwe ranked among high-risk money laundering countries
RELEASED on September 13, 2021, the 10th Basel anti-money laundering index showed Zimbabwe scored 6,78 out of 10 (where 10 indicates the highest risk level) and has landed in the top 12 of the unenvia...Published: 15 Sep 2021 at 05:49hrs | 455 | by Prosper S Maguchu
Biti caution govt over IMF windfall
ZIMBABWE'S former Finance ministers Herbert Murerwa and Tendai Biti have warned the government against using the recent US$961 million worth of special drawing rights (SDRs) from the International Mon...Published: 10 Sep 2021 at 07:39hrs | 1793 | by Staff reporter
Zimbabwe makes first payment to Paris Club in 20 years
ZIMBABWE says it has made its first debt repayment to a group of creditor countries known as the "Paris Club" under a refreshed plan to clear up to US$10,7 billion owed to several multilateral funders...Published: 05 Sep 2021 at 07:06hrs | 2668 | by Staff reporter
Industries push for US$4.5bn power project
THE Confederation of Zimbabwe Industries (CZI) says President Emmerson Mnangagwa's government must prioritise the completion of Batoka Gorge power station, to meet higher electricity demand projected ...Published: 05 Sep 2021 at 07:05hrs | 400 | by Staff reporter
Mthuli Ncube to launch US$ bond on VFEX
WITH the Victoria Falls Stock Exchange (VFEX) being one of the innovation reforms meant to support the process of financial deepening, Government is working on launching a US$ bond and list it on the ...Published: 05 Sep 2021 at 06:58hrs | 1849 | by Staff reporter
Zimbabwe: A farmer harvests success in refugee camp
ABIDJAN, Ivory Coast - When Jean Damacene arrived at the Tongogara Refugee Camp in Zimbabwe, he was 38 years old and hoping to return to his country Rwanda soon. Eighteen years later, the maize farmer...Published: 03 Sep 2021 at 14:14hrs | 1497 | by APO
2021 Mid Term Monetary & Budget analysis
The latest mid-term budget and monetary policy statements were presented in a low key mode with emphasis on avoiding policy shocks that can rock the economy. The Zimbabwean government revised upwards ...Published: 01 Sep 2021 at 15:30hrs | 486 | by Victor Bhoroma
Zambian economy outplayed Lungu
The misconception that a replication of Edgar Lungu's political dilemma will befall Zimbabwe come 2023 will remain a mirage, not only for Nelson Chamisa who rushed to ululate at the then opposition pa...Published: 23 Aug 2021 at 07:47hrs | 2378 | by Daphine Zulu
Amacimbi processing plant set up in Beitbridge District
GOVERNMENT in conjunction with development partners has set up the country's first state-of-the-art mopani worm processing plant in Matshiloni area in Beitbridge District, Matabeleland South. The amac...Published: 10 Aug 2021 at 06:37hrs | 807 | by Staff reporter
COVID-19 decimates BCC workforce
THE Bulawayo City Council (BCC) has resolved to retest its workers who are in isolation in order to increase the number of workers reporting for duty and reduce the burden on its depleted staff....Published: 04 Aug 2021 at 06:27hrs | 389 | by Staff reporter
'Mthuli Ncube's strategy will help him avoid fresh borrowings'
THE global economy contracted 4,3% in 2020 against a background of the United States-China trade war, Brexit and the unprecedented Covid-19 pandemic, which saw countries imposing strict lockdowns that...Published: 01 Aug 2021 at 06:45hrs | 312 | by Inter HorIzon Securities
Zimbabwe makes token payments to clear foreign debt
ZIMBABWE has started making token payments to service the country's foreign debt with the Treasury channelling about US$17 million in the first quarter of 2021 towards clearing the arrears owed to dif...Published: 30 Jul 2021 at 07:26hrs | 143 | by Staff reporter
Why Bulawayo service delivery is collapsing
LONG-TOUTED as the best-run local authority in the country, the Bulawayo City Council (BCC) is failing to offer efficient services as seen by collapsing water and sewer infrastructure, failureto f...Published: 04 Jul 2021 at 14:33hrs | 668 | by Staff reporter
Zimbabwe won't get international Covid-19 rescue package
ZIMBABWE will not receive a dime from a multi-billion-dollar facility organised by international financial institutions which seeks to help countries of the global South in dealing with the socio-econ...Published: 19 Jun 2021 at 15:03hrs | 1006 | by Staff reporter
IMF rules out Zimbabwe bailout
Fund International Monetary Fund (IMF) on Wednesday said it would not move an inch from its position that Zimbabwe did not qualify for financial bailouts even after clearing its debts to the global le...Published: 18 Jun 2021 at 07:24hrs | 1401 | by Staff reporter
World Bank projects growth for Zimbabwe
The World Bank has commended the Government's economic revival framework and noted that Zimbabwe is poised to register economic growth this year despite a raft of challenges posed by the Covid-19 pand...Published: 11 Jun 2021 at 06:28hrs | 248 | by Staff reporter
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 | 182 | 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 | 665 | 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 | 238 | 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 | 709 | 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 | 117 | by Staa reporter
IMF says Zimbabwe needs sound policies and donor support
ZIMBABWE needs a "broader reform and stabilisation agenda" to sustain an almost year-long effort by authorities to support the local currency and lower inflation, the International Monetary Fund said....Published: 21 May 2021 at 06:02hrs | 522 | by Staff 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 | 336 | by Staff reporter
Soda ululates rehabilitation of Kariba dam
Minister of Energy Zhemu Soda appreciated and ululated the rehabilitation of the Kariba dam at a meeting held in Kariba yesterday.The meeting was held by various stakeholders aimed to ap...Published: 07 May 2021 at 10:26hrs | 896 | by Tarisai Mudahondo in Kariba
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 | 520 | 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 | 858 | by Staff reporter
Mnangagwa says, 'We will be Africa's breadbasket again'
PRESIDENT Mnangagwa has said a well-functioning knowledge-based agriculture ecosystem that is anchored on requisite agronomic and animal husbandry practices will ensure that Africa is food secure, as ...Published: 30 Apr 2021 at 06:25hrs | 286 | by Staff reporter
'Sanctions won't stop economic turnaround'
THE continued imposition of illegal sanctions will not stop Zimbabwe's economic transformation as the country is building robust internal capacities to create wealth and expand job opportunities for i...Published: 10 Apr 2021 at 04:53hrs | 293 | 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 | 810 | by Staff reporter
RTG weathers COVID-19 storm
ZIMBABWE Stock Exchange (ZSE)-listed leisure chain, Rainbow Tourism Group (RTG) weathered the COVID 19-induced storm during the year ended December 31, 2020, posting an inflation-adjusted $352 million...Published: 02 Apr 2021 at 09:18hrs | 86 | by Tired Citizen
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 | 381 | by Staff reporter
'New COVID-19 variants a threat to poor African countries'
NEW COVID-19 variants likely to hit Africa might prove difficult to combat due to inadequate health budgets as countries on the continent are failing to recover fromthe economic effects of the pan...Published: 25 Mar 2021 at 05:57hrs | 536 | by Staff reporter
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 | 814 | 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 | 515 | 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 | 616 | by Staff reporter
IMF team heads for Zimbabwe
AN International Monetary Fund (IMF) team is expected in Zimbabwe within the next three months to revive the Staff Monitored Programme (SMP), Finance and Economic Development minister Mthuli Ncube has...Published: 05 Mar 2021 at 07:00hrs | 1067 | by Staff reporter
Policymakers urged to offer growth incentives for digital infrastructure development
POLICYMAKERS have been called upon to frame policies that help increase investment in resilient digital infrastructure. This comes as the COVID-19 crisis has demonstrated the country's need fo...Published: 02 Mar 2021 at 16:15hrs | 113 | by Agencies
Bulawayo seeks US$500m for water pipes upgrades
BULAWAYO City Council (BCC) requires about half a billion United States dollars to rehabilitate, upgrade or replace the city's ageing water reticulation infrastructure and do away with frequent pipe b...Published: 28 Feb 2021 at 08:52hrs | 113 | 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 | 765 | by Victor Bhoroma
British officials owe Zimbabwean people an apology, says Moss
A FORMER United States State Department official says the British government should consider apologising to Zimbabwean people for supporting a failed bid to back Harare's debt arrears plan which under...Published: 13 Feb 2021 at 14:55hrs | 1598 | by Staff reporter
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