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885 import permits granted to ensure food security in Zimbabwe
The Zimbabwean Government has issued 885 import permits to 423 private companies to address food security challenges caused by this year's severe drought. The move aims to bolster the private sector's...Published: 27 Nov 2024 at 06:43hrs | 146 | by Staff reporter
Zanu-PF pushes for accelerated de-dolarisation
The ruling Zanu-PF party has resolved to accelerate Zimbabwe's de-dollarisation process and strengthen the Zimbabwe Gold Currency (ZiG) as the country's sole legal tender. This decision was among key ...Published: 29 Oct 2024 at 13:50hrs | 4000 | by Staff reporter
Zimbabwe needs alternative to US$
Persistence Gwanyanya, a member of the Reserve Bank of Zimbabwe's (RBZ) Monetary Policy Committee, has underscored the urgent need for alternatives to the US dollar as a store of value, highlighting c...Published: 25 Oct 2024 at 14:40hrs | 565 | by Staff reporter
'ZiG must go'
The Zimbabwe Gold (ZiG) currency is facing mounting pressure from the business community, which is advocating for its removal due to increasing volatility, despite the Reserve Bank of Zimbabwe's (RBZ)...Published: 24 Oct 2024 at 08:02hrs | 2205 | by Staff reporter
Zimbabwe want to have imported 4,131,260 tonnes of maize by March next year
807 permits issued for maize importsThe Zimbabwean government has issued 807 import permits to 420 private companies to bring in 4,131,260 tonnes of maize by March next year, as part of its drough...Published: 23 Oct 2024 at 07:43hrs | 109 | by Staff reporter
Zimbabwe govt says 'no shortages of basic commodities'
The Government has dismissed claims of shortages of basic commodities in the formal market, attributing the perceived scarcities to economic agents redirecting supplies to the informal sector. In a po...Published: 15 Oct 2024 at 08:28hrs | 166 | by Staff reporter
Zimbabwe says basic goods in limited supply after ZiG devaluation
Zimbabwe said the steep devaluation of its gold-backed currency last month has triggered shortages of bread, sugar and other staples in its formally regulated stores, suggesting the country's latest e...Published: 09 Oct 2024 at 16:38hrs | 3291 | by Staff reporter
Zimbabwe's government: The biggest threat to its own currency
The Reserve Bank of Zimbabwe's (RBZ) recent decision to devalue the Zimbabwean Gold (ZiG) by 50% has left the nation reeling. Overnight, the currency's value plummeted from 14 to 23.4 against ...Published: 29 Sep 2024 at 15:25hrs | 3366 | by Tendai Ruben Mbofana
Zanu-PF panics over ZiG collapse
ZANU-PF spokesperson Christopher Mutsvangwa has expressed alarm over the devaluation of the Zimbabwe Gold currency (ZWG) and is urging President Emmerson Mnangagwa to take decisive action. Mutsvangwa ...Published: 13 Sep 2024 at 08:12hrs | 3502 | by Staff reporter
Chiwenga talks tough over falling ZiG
Vice-President Constantino Chiwenga has announced that the government is closely monitoring financial markets to address the recent decline in the value of the local currency on the parallel mark...Published: 05 Sep 2024 at 07:21hrs | 989 | by Staff reporter
Zimbabwe govt must support ZiG currency through raft of solid measures
THE Reserve Bank of Zimbabwe (RBZ) has been urged to implement a raft of measures, including fiscal discipline, public consultation and policy consistency, if the newly introduced Zimbabwe Gold (ZiG) ...Published: 19 May 2024 at 11:55hrs | 6 | by Staff reporter
'Increase in sugar prices unwarranted'
THE Confederation of Zimbabwe Retailers (CZR) has expressed concern over speculative pricing of sugar on the local market.In a statement yesterday, CZR president Denford Mutashu said the recen...Published: 12 Apr 2024 at 09:49hrs | | by Staff reporter
Zapu slams Zimbabwe's new currency ZiG
The 'mother' party ZAPU says as long as the country lacks legitimacy derived from free and fair elections, people will have no faith in a currency produced in Zimbabwe.On April 5, 2024, the ne...Published: 07 Apr 2024 at 21:08hrs | 1 | by Staff reporter
Zimbabwe currency crisis: Time to face the truth
THERE is, of course, no such thing as "a shortage of foreign currency".In open and disciplined markets, all that such a claim reflects is an over-valued local currency, whose managers resist t...Published: 07 Apr 2024 at 10:26hrs | 1 | by Obert Nyandoro
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | | by Staff reporter
Tagwirei-linked firm in Zisco 'asset stripping orgy'
The much-hyped takeover of the Zimbabwe Iron and Steel Company (Zisco) by Kuvimba Mining House has failed to change the fortunes of the steelmaker amid allegations that the firm linked to businessman ...Published: 31 Mar 2024 at 15:20hrs | 1 | by Staff reporter
Mr. President, are you satisfied with how you're treating Zimbabweans?
So, the Zimbabwe regime believes that the manner in which they are governing the country is for the benefit of citizens.In fact, information minister Jenfan Muswere was quite unequivocal, a fe...Published: 13 Mar 2024 at 19:43hrs | 9 | by Tendai Ruben Mbofana
Why Mnangagwa fired Roy Bhila
ZIMBABWE'S deputy Industry and Commerce minister Roy Bhila was fired last week over corrupt issues involving cement import licences - money-spinning permits - and the secret charging of "facilitation ...Published: 05 Dec 2023 at 19:29hrs | 13 | by Staff reporter
Zimbabwe MPs urged to reject Mthuli Ncube's budget
ECONOMISTS have urged Finance minister Mthuli Ncube to redo the 2024 budget as the one he presented this week only serves to condemn the rest of the population to abject poverty.Ncube presente...Published: 02 Dec 2023 at 05:43hrs | 10 | by Staff reporter
Gold tokens to become medium of exchange in Zimbabwe
THE Reserve Bank of Zimbabwe (RBZ) is finalising the modalities of rolling out the gold-backed digital tokens as a medium of exchange for domestic transactions to complement the US dollars, Governor D...Published: 10 Aug 2023 at 06:43hrs | 10 | by Staff reporter
It's time for a new Zimbabwe currency
ZIMBABWE'S official month-on-month inflation figure for May was reported at 75,4% (CPI), by the Zimbabwe National Statistics Agency (ZimStats).The annual inflationary pressures for...Published: 08 Jul 2023 at 09:57hrs | 9 | by Kevin Tutani
Inadequate milk supplies worry Dairibord
MILK processing giant Dairibord Holdings Limited (DHL) this week raised concerns over a demand-supply gap in its products due to inadequate milk supply, giving rise to arbitrage opportunities....Published: 07 Jul 2023 at 07:52hrs | 8 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 12 | by Martin Majaji
Mthuli Ncube remains mum as Zimdollar crashes
FINANCE minister Mthuli Ncube's failure to update the nation on the state of the economy, despite several calls by legislators, shows the typical arrogance associated with Zanu-PF leaders when confron...Published: 22 Jun 2023 at 08:44hrs | 1 | 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
Zimbabweans will always suffer with a govt perpetually crying over sanctions!
As Zimbabweans continue to suffer through unmitigated poverty, under the ZANU PF regime, for the past two decades - do they honestly see any light at the end of the tunnel?Surely, every time I...Published: 11 Jun 2023 at 10:06hrs | | by Tendai Ruben Mbofana
Zimdollar takes a heavy knock on RBZ Auction
THE Zimdollar tumbled by 43% on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction market effectively closing the parallel market gap which had become a source for market arbitrage in recent ...Published: 06 Jun 2023 at 17:58hrs | 1 | by Staff reporter
'Mnangagwa a crude tribalist'
Deputy Prime Minister (DPM) in the 2009-13 Government of National Unity (GNU), Arthur Mutambara, has sensationally claimed that the late former President Robert Mugabe was a sophisticated tribalist wh...Published: 06 Jun 2023 at 06:54hrs | 2 | by Staff reporter
Mthuli's theatrics expose government lack of seriousness in addressing Zim economic crisis!
So, finance minister Mthuli Ncube, over the weekend, went around shops in Bulawayo, like a crazed vigilante, tearing down tags displaying prices strictly in US dollars!He even berated a haples...Published: 29 May 2023 at 23:02hrs | | by Tendai Ruben Mbofana
Zimbabwe govt departments warned for dumping Zimdollar
Finance and Economic Development secretary George Guvamatanga has warned government departments to desist from giving preference to clients paying for services in US dollars as opposed to local curren...Published: 29 May 2023 at 06:43hrs | | by Staff reporter
Jonathan Moyo issues a warning
EXILED former cabinet minister, Jonathan Moyo has warned that the recent threats by Finance minister Mthuli Ncube to crack down on businesses over price hikes will only worsen the already dire situati...Published: 29 May 2023 at 06:41hrs | 1 | by Staff reporter
If Mnangagwa had a shop how much would he sell a loaf of bread?
It is really sickening whenever I hear senior government and ruling ZANU PF party officials always choosing to fault business every time prices of basic commodities shoot up. Over this past we...Published: 15 May 2023 at 11:19hrs | 1 | by Tendai Ruben Mbofana
Mnangagwa's administration panicking
FORMER Finance minister and opposition legislator, Tendai Biti, says government's latest interventions to save the free-falling local currency expose panic in President Emmerson Mnangagwa's administra...Published: 13 May 2023 at 18:27hrs | | by Staff reporter
Zimdollar stares fresh setbacks as crisis deepens
ZIMBABWE'S currency will continue depreciating in the coming months, as multiple headwinds exert pressure on the unit, which surrendered 34% of its value to the United States dollar in April, accordin...Published: 12 May 2023 at 06:06hrs | 1 | by Staff reporter
Zimbabwe govt lifts import restrictions on basics
GOVERNMENT has lifted all restrictions on the importation of basic commodities to boost market supplies and granted 100 percent retention of domestic foreign currency earnings, with a further fine-tun...Published: 12 May 2023 at 06:00hrs | 1 | by Staff reporter
Businesses ditch Zimdollar
GOVERNMENT yesterday threatened to unleash the Financial Intelligence Unit (FIU) on retailers refusing payment in the local currency or limiting the number of items consumers can buy in Zimdollar, whi...Published: 28 Apr 2023 at 07:04hrs | | by Staff reporter
'Zimbabwe central bank selling gold coins at a loss'
THE Reserve Bank of Zimbabwe (RBZ) is making a huge loss by selling gold coins in local currency using the official rate as the Zimbabwean dollar continues on a free fall, a local think tank has said....Published: 27 Apr 2023 at 06:32hrs | | by Staff reporter
Modern democracy now outdated and in urgent need of reformation!
I am sure every single one of us has some particular obsessions or quirks in life that we appear constantly focused on - possibly, taking precedence over other matters that may also be in our lives....Published: 13 Feb 2023 at 11:35hrs | | by Tendai Ruben Mbofana
Demand for US$ salaries grow louder
WORKERS' unions yesterday implored government and the private sector to pay United States dollar salaries with immediate effect as the economy has moved closer to full dollarisation.Latest Zim...Published: 09 Feb 2023 at 05:08hrs | | by Staff reporter
How some people make money by analysing betting odds
The most important aspect of sports betting is comprehending the betting odds. The accuracy of the odds you receive is crucial, so if you can't figure them out on your own, you should learn how. The p...Published: 01 Feb 2023 at 07:44hrs | 11 | by Staff Reporter
RBZ blacklists 11 firms over black market deals, overpricing
SIX contractors that were doing business with Government have been blacklisted by the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) for trading on the foreign currency black marke...Published: 29 Jan 2023 at 07:42hrs | 12 | by Staff Reporter
Headwinds ahead for Zanu-PF
NORTON Independent legislator Temba Mliswa remains a comical character but he is one you cannot afford to ignore.A rabble-rouser of note, he has been a thorn in the flesh of Zanu-PF ever since...Published: 21 Jan 2023 at 11:26hrs | | by Staff reporter
Zimdollar plunges to record low
Zimbabwe's currency plunged to a record in the unauthorised market on Monday after the government urged suppliers not to buy foreign currency with payments recently received from the government....Published: 10 Jan 2023 at 18:25hrs | 2 | by Staff reporter
Failed leadership with nothing to offer nation allows corruption in order to appease restless population!
It is no secret that Zimbabwe has become a lawless country! Whenever I move around, observing laws being openly violated at every turn - I always say to myself, 'Mnangagwa is really not in cha...Published: 27 Dec 2022 at 19:07hrs | | by Tendai Ruben Mbofana
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | | by Respect Gwenzi
Tendai Biti blames government for power blackouts
CITIZENS Coalition for Change vice president Tendai Biti has said rolling power blackouts have a negative impact on the pillars of the economy and Government should consider investing in renewable ene...Published: 13 Nov 2022 at 17:32hrs | | by Staff reporter
Zimdollar, US dollar exchange rate cleavage narrows
THE narrowing of the gap between parallel market and official exchange rates from an elevated level of 140 percent in May to current levels of between five percent and 15 percent is a significant move...Published: 29 Sep 2022 at 05:56hrs | | by Staff reporter
$9bn gold coins sold as individuals join rush
THE Reserve Bank of Zimbabwe (RBZ) says gold coins worth $9 billion have been sold since July this year, with individuals taking a significant chunk of the bullion, while the Monetary Policy Committee...Published: 28 Sep 2022 at 05:55hrs | | by Staff reporter
Zimbabwe central bank raids banks, firms
THE Reserve Bank of Zimbabwe's Exchange Control Division has raided and penalised top banks and firms for violating exchange control regulations with some companies failing to account for United State...Published: 23 Sep 2022 at 19:25hrs | | by Staff reporter
Zimbabwe's high inflation forecast to plunge to 3%?
ZIMBABWE's month-on-month inflation rate is expected to fall to three percent by year-end while the annual rate is seen dropping below 100 percent on the back of monetary and fiscal interventions the ...Published: 20 Sep 2022 at 06:02hrs | 1 | by Staff reporter
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