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Mnangagwa govt warns errant businesses
Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube, has issued a stern warning to unscrupulous business operators seeking to exploit the exchange rate for persona...Published: 16 hrs ago | 1011 | by Staff reporter
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 17 hrs ago | 1046 | by Staff reporter
Ecobank addresses armed robbery incident at Bulawayo branch
Ecobank Zimbabwe Limited has issued a statement regarding the armed robbery that took place at its Parkade Branch on October 3, 2024. The incident occurred during a cash repatriation by a security com...Published: 20 hrs ago | 1386 | by Staff reporter
Safeguard says not informed it would be moving US$4 million before heist
Security company Safeguard says it was not informed that it would be moving US$4 million by Ecobank before armed robbers seized the cash on a busy Bulawayo street on Thursday.Police said Frida...Published: 21 hrs ago | 1051 | by Staff reporter
Court withdraws fraud allegations against couple
The State has withdrawn some of the fraud charges against Clark Clever Makoni and Beverly Aisha Ndonda Makoni, who are accused of defrauding former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono ...Published: 22 hrs ago | 140 | by Staff reporter
Gono accused of using political muscle in property dispute
A Harare couple, Clark Clever Makoni and Beverly Aisha Ndonda Makoni, have accused former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono of leveraging his political connections in a property disp...Published: 22 hrs ago | 78 | by Staff reporter
Zimbabwe police overrated?
In what is being called the largest cash heist in Zimbabwe's history, seven armed robbers executed a lightning-fast robbery at Ecobank, located at the corner of Fife Street and 9th Avenue in Bulawayo....Published: 22 hrs ago | 325 | by Staff reporter
Mnangagwa caps 3 545 at CUT
President Emmerson Mnangagwa yesterday presided over the graduation of 3,545 students at Chinhoyi University of Technology (CUT), urging the new graduates to apply their knowledge to help transform Zi...Published: 22 hrs ago | 5 | by Staff reporter
US$4.4 million Ecobank heist shocks Zimbabwe
In what is believed to be the largest bank heist in Zimbabwean history, seven armed robbers made off with a staggering US$4.4 million in cash from Ecobank's Bulawayo branch at the Parkade Centre on Th...Published: 22 hrs ago | 808 | by Staff reporter
ZiG adjustment stabilises prices, claims Mthuli Ncube
The recent adjustment of the exchange rate between the Zimbabwe Gold (ZiG) currency and the United States dollar has successfully stabilised market prices, Finance, Economic Development and Investment...Published: 22 hrs ago | 86 | by Staff reporter
Why buy a ZBC license when the broadcaster doesn't speak for suffering Zimbabweans?
The state-controlled broadcaster, the Zimbabwe Broadcasting Corporation (ZBC), has published its radio and television licence fees. This was one of the most outrageous lists I have seen a long...Published: 04 Oct 2024 at 12:34hrs | 355 | by Tendai Ruben Mbofana
Mukwasha Chiwenga in Math-South improvements. Is development holistic?
Whatever development VP Chiwenga is bringing in Matabeleland South, that should never be interpreted as "Mukwasha inzunza". School children especially benefit from good and safe schools, health care f...Published: 04 Oct 2024 at 12:27hrs | 1846 | by Nomazulu Thata
Cyber crimes under-reported
Despite tireless efforts made by local, regional and global state and non-state actors to curb cybercrimes, statistics continues to spike because victims shun reporting these cases and therefore suffe...Published: 04 Oct 2024 at 12:14hrs | 110 | by Gideon Madzikatidze
Rural councils performing better than Harare
During a Full Council meeting this week, Harare Mayor Jacob Mafume expressed his frustration with fellow councillors for failing to develop a green energy plan that would pave the way for solar power ...Published: 04 Oct 2024 at 08:50hrs | 192 | by Staff reporter
Mnangagwa's SONA lacks solutions
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has faced sharp criticism for failing to address Zimbabwe's pressing crises, leaving many feeling uninspired and disillusioned....Published: 04 Oct 2024 at 08:48hrs | 269 | by Staff reporter
Gono's suspected fraudsters' case latest
Regional Magistrate Stanford Mambanje upheld the State's application to tender a deed of settlement related to a high-profile fraud case involving former Reserve Bank of Zimbabwe governor Gideon Gono'...Published: 04 Oct 2024 at 08:47hrs | 311 | by Staff reporter
Police suspect inside job in US$4m bank robbery
Bulawayo police have initiated a manhunt for six unidentified armed robbers following a daring heist that saw a Safeguard Security cash-in-transit vehicle raided at a local bank early today, resulting...Published: 04 Oct 2024 at 08:45hrs | 607 | by Staff reporter
Licence plate of getaway vehicle in Bulawayo $4 million heist
In a brazen armed robbery on Thursday, six masked gunmen stole US$4 million from Safeguard Security guards outside Ecobank in Bulawayo. The suspects, armed with pistols, made their getaway in a white ...Published: 04 Oct 2024 at 08:28hrs | 2836 | by Staff reporter
Armed robbers strike EcoBank branch in daylight heist
In a daring daylight robbery, six masked men armed with pistols stormed the EcoBank branch at the Parkade Centre, located at the corner of 9th Avenue and Fife Street in Bulawayo, making off with sever...Published: 03 Oct 2024 at 16:07hrs | 3778 | by Staff reporter
Mr. President, you'll never fix the economy when you behave like a witchdoctor!
When I was listening to President Emmerson Dambudzo Mnangagwa delivering his State of the Nation Address (SONA) yesterday, I hoped he would finally provide solutions to the country's economic crisis....Published: 03 Oct 2024 at 10:45hrs | 763 | by Tendai Ruben Mbofana
Mnangagwa frets over resurgent black market
In his State of the Nation Address (SONA) delivered during the official opening of the second session of the 10th Parliament in Mt Hampden, President Emmerson Mnangagwa expressed deep concern over the...Published: 03 Oct 2024 at 08:58hrs | 564 | by Staff reporter
Mnangagwa warns forex dealers
In a bold move to stabilize the beleaguered Zimbabwe Gold (ZWG) currency, President Emmerson Mnangagwa announced on Wednesday that 50% of mining royalties will be allocated to bolster the currency's r...Published: 03 Oct 2024 at 08:58hrs | 1047 | by Staff reporter
BCC grappling with fire at Richmond Landfill Site for 4 days now
The City of Bulawayo is actively working to extinguish a fire that erupted last Sunday at the Richmond Landfill Site, attributed to spontaneous combustion. The incident has raised alarm among resident...Published: 03 Oct 2024 at 08:56hrs | 217 | by Staff reporter
Zimbabwe bankers warn of price increases
Bankers in Zimbabwe are raising alarms about potential price increases and shortages of basic commodities following the recent devaluation of the Zimbabwe Gold (ZiG) by over 40% by the Reserve Bank of...Published: 03 Oct 2024 at 08:56hrs | 295 | by Staff reporter
Zimbabwe govt working on currency stability
In a comprehensive State of the Nation Address delivered yesterday at the new Parliament Building in Mt Hampden, President Emmerson Mnangagwa highlighted the government's ongoing efforts to stabilize ...Published: 03 Oct 2024 at 08:47hrs | 161 | by Staff reporter
Salary review for civil servants
The Government of Zimbabwe is set to adjust the wages of civil servants in response to the recent 42.55 percent increase in the Zimbabwe Gold (ZiG) exchange rate against the United States dollar, Fina...Published: 03 Oct 2024 at 08:45hrs | 416 | by Staff reporter
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 49 | by Staff reporter
Row over release of fraud suspects
A senior regional prosecutor in Harare, Ms. Gossy Mudambu, is facing allegations of facilitating the release of three fraud suspects before their scheduled bail hearing, sparking concerns of potential...Published: 03 Oct 2024 at 08:43hrs | 167 | by Staff reporter
Zimbabwe's currency conundrum: Meagre gold reserves can't sustain the ZiG
Today, during his State of the Nation Address (SONA), President Emmerson Dambudzo Mnangagwa announced that the government would set aside 50% mineral royalties to shore up the local currency. ...Published: 02 Oct 2024 at 20:53hrs | 2643 | by Tendai Ruben Mbofana
'Iran's missile response to Israel justified,' says EFF
The Economic Freedom Fighters (EFF) have issued a firm condemnation of Israel's continued aggression and illegal occupation in the Middle East. The party has expressed outrage over Israel's latest att...Published: 02 Oct 2024 at 13:09hrs | 506 | by Staff reporter
7 big global companies dump South Africa
Many large global companies, including Shell, HSBC, PNB Paribas, Rolex, AngloGold Ashanti, TotalEnergies, and BP's Aviation Fuel Business, are dumping South Africa.Last week, HSBC announced th...Published: 02 Oct 2024 at 12:35hrs | 1163 | by Staff reporter
'RBZ's monetary policy not the root cause of ZiG devaluation'
Recent findings by an anonymous economist suggest that the Reserve Bank of Zimbabwe's (RBZ) monetary policy may not be the root cause of the depreciation of the Zimbabwean dollar (Zig). The analysis e...Published: 02 Oct 2024 at 11:36hrs | 1312 | by Staff reporter
Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 601 | by Staff reporter
Mtukudzi's widow gets cheered by a morally bankrupt society
Daisy Mtukudzi, the widow of renowned Zimbabwean music icon Oliver Mtukudzi, received a brand new Toyota Fortuner on Tuesday, gifted by controversial businessman Wicknell Chivayo. This gesture comes a...Published: 02 Oct 2024 at 10:11hrs | 913 | by Staff reporter
MPs demand explanation from Mthuli Ncube
WEDZA North MP Itai Ndudzo has formally demanded that Finance Minister Mthuli Ncube provide a ministerial statement addressing the recent devaluation of Zimbabwe's new gold-backed currency, the Zimbab...Published: 02 Oct 2024 at 07:57hrs | 1187 | 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 | 1171 | by Staff reporter
Zimbabwe retailers rejects forced de-dollarisation
Zimbabwean retailers have issued a stark warning to the government regarding the potential consequences of de-dollarising the economy, cautioning that such a move could have catastrophic effects. This...Published: 02 Oct 2024 at 07:55hrs | 697 | by Staff reporter
Mnangagwa's SONA headache
President Emmerson Mnangagwa is set to deliver his State of the Nation Address (SONA) today, facing mounting public discontent over a deepening currency crisis, soaring living costs, widespread hunger...Published: 02 Oct 2024 at 07:53hrs | 917 | by Staff reporter
Zimbabwe faces groundwater drought, claims World Bank
A recent report from the World Bank Group (WBG) has revealed a concerning outlook for Zimbabwe's critical sectors, including agriculture, water, forestry, and energy, due to the severe impacts of clim...Published: 02 Oct 2024 at 07:52hrs | 451 | by Staff reporter
Exposing economic saboteurs threatening Zimbabwe's future
THE introduction of the Zimbabwe Gold Currency (ZiG) symbolised a shift toward economic sovereignty, self-reliance and stability. Yet, instead of celebrating this monumental effort, some individuals w...Published: 02 Oct 2024 at 07:49hrs | 227 | by Innocent Mujeri
Lack of books access rocks council schools
Councillors have complained about the Bulawayo City Council's failure to provide textbooks for learners in council-run schools, despite parents paying a b...Published: 02 Oct 2024 at 06:58hrs | 117 | by Stephen Jakes
The curse of diamonds: How Zimbabwe's wealth is failing its people
I was listening this morning as the Minister of Mines, Winston Chitando, boasted over Zimbabwe's increasing diamond production. Indeed, Zimbabwe's diamond industry has long been touted as a be...Published: 01 Oct 2024 at 15:09hrs | 576 | by Tendai Ruben Mbofana
The scream of sanctions: A weary story
Zimbabwe has been under sanctions since 2001 due to human rights abuses, poor governance policies, and actions that impede and shrink democratic spaces and rule of law.It is now necessary to a...Published: 01 Oct 2024 at 15:05hrs | 133 | by Leonard Koni
Zimbabwe police viral 'potato theft' video
A video circulating on social media has ignited allegations of potato theft at Strathmore Farm in Banket, leading to widespread speculation within the community. However, the Zimbabwe Republic Police ...Published: 01 Oct 2024 at 12:59hrs | 484 | by Staff reporter
Supermarkets, vendors reject ZiG
In a significant economic shift, supermarkets, vendors, commuter omnibus operators, and tuckshops across Zimbabwe have stopped accepting payments in the local ZiG currency. This decision follows Reser...Published: 01 Oct 2024 at 09:10hrs | 1291 | by Staff reporter
Mafume led Harare City Council defends bankrolling Mnangagwa wife's projects
The Harare City Council (HCC) has vehemently dismissed allegations of resource abuse regarding community projects led by First Lady Auxilia Mnangagwa, asserting that all activities are conducted trans...Published: 01 Oct 2024 at 09:09hrs | 401 | by Staff reporter
Zinasu protests ZiG devaluation
The Zimbabwe National Students Union (Zinasu) has voiced its concerns over the rapid devaluation of the local currency, warning that it will exacerbate the already difficult conditions faced by studen...Published: 01 Oct 2024 at 09:04hrs | 207 | by Staff reporter
Zimbabwe's month-on-month inflation surges to 5.8% in September
Zimbabwe's month-on-month inflation rate accelerated to 5.8% in September, a sharp rise from 1.4% in August, according to the latest data from the Zimbabwe National Statistics Agency (ZimStat). The in...Published: 30 Sep 2024 at 07:41hrs | 212 | 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 | 3293 | by Tendai Ruben Mbofana
78-year-old woman sexually abused and murdered in Zimbabwe
Police have appealed for information that could assist in the arrest of suspects after a 78-year-old woman was found dead in Chegutu with signs of sexual abuse on her body.In a statement, poli...Published: 29 Sep 2024 at 13:57hrs | 801 | by Staff reporter
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