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Afreximbank grants Zimbabwe interbank forex trade loan
Cairo-based Africa Export and Import Bank (Afreximbank) has extended an undisclosed amount in lines of credit to Zimbabwe's interbank foreign exchange trading to stabilise the forex supply...Published: 1 hr ago | 242 | by Staff reporter
Horror Cyclone destruction trail unravels
THE human toll of Cyclone Idai which hit parts of Manicaland and Masvingo recently has exceeded official estimates with the scale of the tragedy imprinting deep emotional scars on those directly affec...Published: 1 hr ago | 63 | by Staff reporter
Zimbabwe debt should be audited
ZIMBABWE should not rush to pay its external debts until an official audit has been done to ascertain the validity of the arrears, a local pressure group has said.The southern African country ...Published: 6 hrs ago | 763 | by John Kachembere
Zimbabwe banks must support the interbank trading
THE interbank market, revived by the Reserve Bank of Zimbabwe (RBZ) recently, has gotten off to a slow start because the majority - if not all the banks - are still in the process of putting their sys...Published: 6 hrs ago | 236 | by Andrew Lampard
Robbing the poor in the name of patriotism
The post-Robert Mugabe administration led by President Emmerson Mnangagwa fancies itself a new dispensation. That is a useless fantasy, of course. Things are as old in the "new" administration as they...Published: 6 hrs ago | 197 | by Tawanda Majoni
Textile giant retrenches 200 workers in Bulawayo
BULAWAYO textile and clothing giant, Archer Clothing Manufacturers has been forced to lay off 200 of its workers because of inadequate power supplies at its factory and dwindling local orders....Published: 14 hrs ago | 1872 | by Staff Reporter
39 school kids feared dead
NEARLY 40 students from Dzingire Primary School in Chimanimani are feared dead as the country continue to count the cost of the devastation caused by Cyclone Idai.This comes as the death toll from...Published: 23 hrs ago | 779 | by Staff reporter
Beitbridge modernisation to boost town's economy
The US$241 million modernisation of Beitbridge Border Post is expected to boost the town's economic and infrastructure growth, President Mnangagwa has said. He said Zimbabwe and South Africa agreed at...Published: 23 Mar 2019 at 05:48hrs | 512 | by Staff reporter
2 failed marriages, a broken past define Mukanya
Two broken marriages, transition from village life to the ghetto, a miscalculated sojourn into the diaspora, failed investments, a broken youth life, all carved the character of this man. This...Published: 23 Mar 2019 at 05:46hrs | 4680 | by STaff reporter
Zesa to hike electricity tariffs in line with interbank rates
STATE power utility, the Zimbabwe Electricity Supply Authority (Zesa) is mulling a tariff hike, it has emerged.This despite screams to the contrary following social media reports that Zesa was...Published: 23 Mar 2019 at 05:45hrs | 1415 | by newzimbabwe
Bulawayo's fire brigade defies odds
Zimbabwe's widely respected fire brigade usually tackles house fires and traffic accidents, but it became a symbol of the regime during anti-government demonstrations that turned into violent looting ...Published: 22 Mar 2019 at 16:27hrs | 1506 | by Ben Sheppard I AFP
New telecoms tariffs loom
CONSUMERS of telecommunications services must brace for a significant increase in tariffs, which will further eat into their pockets.The director-general of the Postal and Telecommunications R...Published: 22 Mar 2019 at 16:23hrs | 439 | by Staff reporter
Govt use of violence on its own people is tragic
Continued from last weekWhile Mnangagwa's rhetoric on issues such as land reform, human rights, rule of law, improving the business climate and reducing corruption was all positive, there was ...Published: 22 Mar 2019 at 16:13hrs | 162 | by Ambassador Thomas-Greenfield
Piece-meal austerity without reforms a wild goose chase
AUSTERITY measures introduced by Finance minister Mthuli Ncube under the Transitional Stabilisation Programme (TSP) will have a devastating effect on the economy and is at variance with Zanu-PF's elec...Published: 22 Mar 2019 at 07:02hrs | 1423 | by Staff reporter
RTGS dollars not new currency, says RBZ
The recently introduced RTGS dollars are not new currency, but merely a "formalisation" of transaction platforms that already existed in the country, according to the Reserve Bank of Zimbabwe deputy d...Published: 22 Mar 2019 at 06:53hrs | 1818 | by Staff reporter
Mthuli Ncube negotiates 'smart' Rand credit facility
Government is structuring a deal with South Africa's Reserve Bank that will see banks in the neighbouring country paying directly to South African suppliers for Zimbabwe private sector's raw material ...Published: 22 Mar 2019 at 06:52hrs | 7151 | by Staff reporter
Cyclone Idai donations continue to pour
Several companies and organisations continue to chip in with humanitarian assistance towards relief efforts in Cyclone Idai-ravaged Chimanimani and Chipinge, where over 192 people have been confirmed ...Published: 22 Mar 2019 at 06:38hrs | 147 | by Staff reporter
Agribank sues Chombo over $33 000 loan
Agribank has approached the courts seeking to recover a real time gross settlement of a (ZWR) $33 720 loan advanced to former Finance minister Ignatius Chombo six years ago.The former minister...Published: 22 Mar 2019 at 06:38hrs | 734 | by Staff reporter
Undenge in trouble over $121,000 bank loan
Former Energy minister Samuel Undenge has been taken to High Court by CBZ Bank Limited over a US$121 062 debt.The financial institution recently issued summons against the former minister, who...Published: 22 Mar 2019 at 06:35hrs | 905 | by Staff reporter
Zimbabwe telecom companies being ditched by foreign partners
Zimbabwe's telecommunications companies are being deserted by their foreign partners that service and upgrade their systems due to inability to meet payment obligations in foreign currency. Te...Published: 22 Mar 2019 at 06:20hrs | 405 | by Staff reporter
OneMoney records a 32,7% increase in subscribers
NETONE's mobile money platform, OneMoney, recorded a 32,7 percent increase in subscribers to 241 566 in the fourth quarter to December 31, 2018 from 181 990 in the previous quarter, latest data show....Published: 21 Mar 2019 at 19:12hrs | 545 | by Staff reporter
Tobacco sales proceeds are not for harlots
Now that the tobacco selling season has been opened, some urban yellow-bone thigh vendors are buying bigger wallets and fine tuning their 'horizontal wrestling' skills in order to wrench a dollar or t...Published: 21 Mar 2019 at 19:06hrs | 237 | by Thomas Murisa
Cyclone swept away entire growth point
Three women spent nearly 24 hours hanging onto a tree undressed before they were eventually rescued after Cyclone Idai-induced floods swept away 80 houses at Dzingire Growth Point, popularly known as ...Published: 21 Mar 2019 at 19:05hrs | 1012 | by Staff reporter
Zimbabwe, SA set timelines for deals implementation
ZIMBABWE and South Africa committed themselves to accelerate the implementation of several agreements .covering a wide array of bilateral issues affecting the two countries during this week's bi-natio...Published: 21 Mar 2019 at 10:16hrs | 934 | by Staff reporter
OneMoney debit card use rises
NetOne's mobile money platform, OneMoney, recorded a 32,7 percent increase in subscribers to 241 566 in the fourth quarter to December 31, 2018 from 181 990 in the previous quarter, latest data show. ...Published: 21 Mar 2019 at 09:49hrs | 954 | by Staff reporter
'Cyclone death toll could spike'
THE number of people killed by Cyclone Idai-induced floods in the eastern part of the country could spike following revelations that current official statistics could be excluding figures from Dzingir...Published: 21 Mar 2019 at 08:17hrs | 994 | by Staff reporter
Zimbabwe Airways planes 'repossessed and resold' - source
Malaysian Airlines has repossessed four planes which had been sold to Zimbabwe Airways, the ill-fated Air Zimbabwe proxy, informed sources said.Former President Robert Mugabe personally negoti...Published: 21 Mar 2019 at 07:32hrs | 2317 | by ZimLive
Proposed govt law to bring clarity on forex repatriation fears
PRESIDENT Emmerson Mnangagwa's government is in the process of formulating a law that would spell out how foreign investors can repatriate their profits from Zimbabwe, a country facing foreign currenc...Published: 21 Mar 2019 at 07:31hrs | 576 | by newzimbabwe
Mnangagwa promises new rural housing policy
President Mnangagwa said yesterday that Government will soon roll out a new rural housing development plan that will ensure the building of better houses that are strong and durable in rural areas. ...Published: 21 Mar 2019 at 07:18hrs | 274 | by Staff reporter
Mliswa drags Ziyambi into Kereke jail sex storm
OUTSPOKEN Norton MP, Temba Mliswa has accused Justice Minister Ziyambi Ziyambi of unlawfully giving orders to Chikurubi Maximum Prison officials to allow jailed former Zanu-PF MP Munyaradzi Kereke hav...Published: 21 Mar 2019 at 07:17hrs | 1351 | by newzimbabwe
Mohadi opens tobacco selling season
The 2019 tobacco marketing season has been officially opened by Vice President Kembo Mohadi who called for the industry to respect and reward the efforts being made by farmers to produce the lucrative...Published: 20 Mar 2019 at 15:01hrs | 417 | by Staff reporter
Government sells NetOne and TelOne
The Government has announced that it is selling its shares in the two giant Telecommunications companies TelOne and NetOne.The Minister of Finance and Economic Development, MthuliNcube told a ...Published: 20 Mar 2019 at 09:52hrs | 7910 | by Mandla Ndlovu
Zimbabwe inflation to decline to 10%
Finance Minister Mthuli Ncube sees inflation - currently at 59% - declining to 10% by the end of the year.He is banking on slowing down money supply, liberalisation of the exchange rate and ot...Published: 20 Mar 2019 at 07:53hrs | 2875 | by Staff reporter
Victoria Falls mall ready to open
ZIMRE Property Investment (Zimre) has completed construction of its $13 million shopping mall in Victoria Falls with the facility set to be opened to the public by the end of this month, an official h...Published: 20 Mar 2019 at 07:31hrs | 2055 | by Staff reporter
Over 100 trucks transporting Zimbabwe wheat stuck in Mozambique
CLOSE to 100 truckloads of Zimbabwe's wheat imports are holed up in Beira after Cyclone Idai damaged infrastructure and made most roads impassable.Chairperson of the Grain Millers Association ...Published: 20 Mar 2019 at 07:27hrs | 449 | by Staff reporter
Leyland eyes Zimbabwe bus plant
INDIAN investors yesterday swarmed Industry and Commerce Minister Mangaliso Ndlovu, expressing their interest to do business in Zimbabwe, with one of the leading vehicle manufacturing companies, Ashok...Published: 20 Mar 2019 at 07:23hrs | 1014 | by Staff reporter
Heavyweights vie for ZACC posts
High-profile figures are among the list of 133 people who have been nominated for interviews to become commissioners of the Zimbabwe Anti-Corruption Commission (ZACC). Following the resignatio...Published: 20 Mar 2019 at 07:23hrs | 654 | by Staff reporter
Mnangagwa tasks 2 ministers to address Beitbridge plight
President Mnangagwa has instructed two Cabinet ministers to work together in addressing challenges affecting the teaching of sciences in Beitbridge district. Higher and Tertiary Education, Sci...Published: 19 Mar 2019 at 23:03hrs | 721 | by Staff reporter
Here's how Zimbabwe plans to raise $350 million
Zimbabwe expects to raise $350 million from selling shares in five state-owned telecommunications companies and a bank, as part of economic reforms being pursued by the government, Finance Minister Mt...Published: 19 Mar 2019 at 18:30hrs | 2752 | by Reuters
Police rescue teams stuck #CycloneIdai
Dozens of police officers deployed for a search and rescue mission in the cyclone- hit Chimanimani were on Tuesday stuck at Rutengeni, several kilometres from the affected areas, as repairs on a damag...Published: 19 Mar 2019 at 18:19hrs | 1448 | by Staff reporter
Man on the run after fatally stabbing friend on head multiple times
A MAN from Matabeleland South Province is on the run after allegedly stabbing his friend with an okapi knife several times on the head leading to his death. Matabeleland South provincial polic...Published: 19 Mar 2019 at 18:12hrs | 429 | by Staff reporter
NMB donates to cyclone victims, facilitates public donations
NMB Bank has donated various foodstuffs and consumables to assist families who have suffered from the devastating effects of Cyclone Idai, which hit north eastern parts of the country.To help ...Published: 19 Mar 2019 at 08:16hrs | 534 | by Staff reporter
Cyclone Idai, let's collect for a good cause
Faced with tragedy and extreme suffering in the wake of cyclone Idai, why are the later day 'prosperity gospel' prophets playing deaf and dumb? Their silence is very loud and the invisibility quite ap...Published: 19 Mar 2019 at 08:15hrs | 198 | by Thomas Murisa.
Forex shortages gnaws Zimbabwe's fertilizer industry
ZIMBABWE'S fertilizer industry says it is constrained by forex shortages, but it still has the capacity to produce enough to meet the country's demand this year and export excess production.Zi...Published: 19 Mar 2019 at 06:48hrs | 231 | by Staff reporter
National Blankets faces imminent liquidation
BULAWAYO-BASED textile maker National Blankets is facing imminent liquidation after failing to court a suitable investor to inject fresh capital into the ailing company.The company, which was ...Published: 19 Mar 2019 at 06:47hrs | 436 | by Staff reporter
RBZ boss' case deferred
Suspended Reserve Bank of Zimbabwe (RBZ) Financial Intelligence Unit director Mirirai Chiremba's application for refusal of further remand was yesterday rolled over to Thursday after his lawyer, Mr Ad...Published: 19 Mar 2019 at 06:29hrs | 257 | by Staff reporter
Interbank rate sparks row
Aspindale Park owners, Marimba Industrial Properties Limited, have come under fire from homeowners who purchased stands at their property after it allegedly revalued outstanding instalments for stands...Published: 19 Mar 2019 at 06:27hrs | 1025 | by Staff reporter
'Interbank market won't be manipulated'
Mechanisms have been put in place to ensure that the foreign currency interbank market will not be manipulated, Finance and Economic Development Minister Professor Mthuli Ncube has said. This ...Published: 19 Mar 2019 at 06:25hrs | 331 | by Staff reporter
'Zinara Finance Director deliberately dodged Parliament"
PARLIAMENTARY Public Accounts Committee chairperson Tendai Biti, was left seething with anger after an apparent snub from the Zimbabwe National Roads Authority (Zinara) Financial Director.Biti...Published: 19 Mar 2019 at 06:23hrs | 344 | by newzimbabwe
Gono to land top ZANU PF post?
Former Reserve Bank of Zimbabwe Governor Gideon Gono's political fortunes may rise again as he may be earmarked for a Politiburo position during the ZANU PF annual December Conference.A Centra...Published: 19 Mar 2019 at 06:09hrs | 5990 | by Mandla Ndlovu
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