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Zimbabwe govt treasury surplus exceeds $6bn
Public finances have been in perfect health for a good period now, amid revelations that Treasury has maintained surpluses in excess of $6 billion on its accounts at the Reserve Bank of Zimbabwe (RBZ)...Published: 6 mins ago | 7 | by Staff reporter
Business executives are sounding decidedly upbeat in Zimbabwe
Business executives are sounding decidedly upbeat in Zimbabwe, a sea change from the pessimism they've expressed through two decades of economic mismanagement and institutional decay.The south...Published: 1 hr ago | 175 | by Staff reporter
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: 2 hrs ago | 31 | by Staff reporter
RBZ backtracks on farmers' forex retention thresholds
THE Reserve Bank of Zimbabwe (RBZ) has been forced to raise foreign currency retention thresholds for tobacco producers by 10% following pressure from farmers.RBZ also scrapped the compulsory ...Published: 2 hrs ago | 109 | by Staff reporter
Covid-19 exposes Zimbabwe education sector
Last year, Zimbabwe recorded the lowest Grade Seven public examination pass rate in five years.At 37,11 percent, the national pass rate was down from the 46,9 percent recorded the previous yea...Published: 3 hrs ago | 204 | by Staff Reporter
COVID-19 vaccination programme shifts a gear up
MORE than 12 000 frontline workers were inoculated against Covid-19 during the first five days of the national vaccination programme, with authorities now preparing to intensify the immunisation blitz...Published: 4 hrs ago | 242 | by Staff Reporter
Harare to name, shame top 100 debtors
THE Harare City Council (HCC) has threatened to name and shame firms, churches and individuals that owe council millions in a desperate attempt to force residents to pay up bills.This comes as...Published: 16 hrs ago | 782 | by Staff reporter
'Gold to Zimbabwe what oil is to Nigeria, can turn around our fortunes' - not whilst US$1.2b p.a. lost to smugglers
On 3 March 2016 President Mugabe admitted that the nation had lost $15 billion worth of diamonds because of the looting and plunder in Marange and Chiadzwa."This kind of plunder must immediate...Published: 27 Feb 2021 at 09:42hrs | 444 | by Patrick Guramatunhu
How your business can benefit from OCR technology
Optical Character Recognition or Optical Character Reader is the electronic and mechanical conversion of the image typed into machine-encoded text. OCR is a field of research in pattern recogn...Published: 27 Feb 2021 at 09:03hrs | 158 | by Staff Writer
SA-based Zimbabwean gay couple demand rights back home
SHINGIRAI Musekiwa and Elton Chibhebhe fled Zimbabwe to come to South Africa because they are gay.Now based in Langa, the activist couple is fighting for the human rights of Zimbabwean homosex...Published: 27 Feb 2021 at 08:28hrs | 1266 | by Staff reporter
MDC miffed by #ZimAgricRising
The heavens have dealt a deadly blow to the jecha politics that characterises the MDC Alliance's body politik. The heavens have opened up admirably this summer cropping season, nurturing and sustainin...Published: 26 Feb 2021 at 10:07hrs | 1396 | by Trevor Shiri
Plans to repeal crippling taxation on cards
THE Ministry of Mines and Mining Development is currently engaged in major discussions with fiscal and monetary authorities to address the issues of the punitive tax regime and surrender thresholds th...Published: 26 Feb 2021 at 06:55hrs | 1422 | by Staff reporter
Old Mutual sees ‘green shoots' in Zimbabwe
THE head of Old Mutual Zimbabwe says there are green shoots appearing in the economy after the devastation of a severe drought and the coronavirus pandemic."There are good signs emerging in ec...Published: 26 Feb 2021 at 06:54hrs | 1170 | by Staff reporter
Renewed EU sanctions dent Zimbabwe's re-engagement drive
THE decision by the European Union (EU) last week to maintain sanctions on Zimbabwe drives yet another dagger in the heart of President Emmerson Mnangagwa's reengagement drive, amid fresh allegations ...Published: 26 Feb 2021 at 06:53hrs | 961 | by Staff reporter
RBZ chief warms up to fintech
THE Reserve Bank of Zimbabwe (RBZ) says it will create a financial technology (fintech) regulatory sandbox that is likely to transform the banking sector.According to Investopedia, fintech is ...Published: 26 Feb 2021 at 06:48hrs | 736 | by Staff reporter
Chamisa's failure to rein in his 'toxic and divisive' SG has destroyed the party
THE defection of top party executive, Lillian Timveos from the Nelson Chamisa-led MDC Alliance to the ruling Zanu-PF has opened a can of worms, with party insiders claiming the young opposition leader...Published: 26 Feb 2021 at 06:47hrs | 2816 | by Staff reporter
Family monthly basket shoots to $25 935
THE monthly cost of living for an ordinary family of five rose again this February to record $25 935, the Zimbabwe National Statistics Agency (ZIMSTAT) has reported.The agency Thursday reporte...Published: 26 Feb 2021 at 06:43hrs | 652 | by Staff reporter
Kazembe grilled over spot fines
HOME Affairs minister Kazembe Kazembe has said government is working on modalities to ensure that various methods of payment are used at police roadblocks to make it easy for payment of spot fines....Published: 26 Feb 2021 at 06:40hrs | 794 | by Staff reporter
Mine workers salary talks collapse
THE Zimbabwe Diamond and Allied Minerals Workers Union (Zdamwu) yesterday claimed that negotiations for first quarter wage increments had stalled after the National Employment Council (NEC) for the mi...Published: 26 Feb 2021 at 06:38hrs | 311 | by Staff reporter
'Auction rate is the real market rate'
THE auction exchange rate represents the proper market trends contrary to the contrived perception that the parallel market signifies the "real exchange rate", a senior Treasury official has said. &nb...Published: 26 Feb 2021 at 06:30hrs | 228 | by Staff reporter
Boy (13) fights off crocodile
A TEENAGE BOY from Dick Village in Hwange summoned the strength of Biblical heroic strong man, Samson and fought off a crocodile that had attacked him while he was fishing at Kalope Dam.Craigh...Published: 26 Feb 2021 at 06:28hrs | 602 | by Staff reporter
Zimbabwe among 7 African governments using Israeli cyber-espionage tools
As internet penetration and smartphone usage increases across Africa, digital spaces have become increasingly important in organising opposition movements. In response, several governments have at tim...Published: 25 Feb 2021 at 20:17hrs | 2573 | by Staff reporter
Mnangagwa's fresh headache
Cash-strapped government is struggling to raise US$1.75bn to compensate former commercial white farmers who lost their farms under the land reform programme amid revelations a bid to raise funding fro...Published: 25 Feb 2021 at 16:20hrs | 6381 | by Staff reporter
Liquidity squeeze hits Zimbabwe
Zimbabwe's central bank is in the market mopping up excess liquidity using savings bonds as a deliberate action to regulate the quantity of money in circulation in addition to dealing with an exacerba...Published: 25 Feb 2021 at 16:19hrs | 1704 | by Staff reporter
Zimbabwe's exchange rates band to narrow
The gap between the official and parallel market exchange rates is expected to narrow further from the current 20% by the end of the year owing to the containment of reserve money, good agriculture se...Published: 25 Feb 2021 at 16:19hrs | 1553 | by Staff reporter
Mangudya in shock claims
Zimbabwe's central bank governor, John Mangudya, this week claimed the southern African country does not need "anyone's money" to extricate itself from its economic woes.The country, which is ...Published: 25 Feb 2021 at 16:19hrs | 3593 | by Staff reporter
No bail for two ZB Bank heist suspects
Two suspects in the US$2,7 million ZB Bank cash-in-transit truck heist case, Gerald Rutizira and Neverson Mwamuka, have been denied bail at the High Court after the court ruled that evidence linking t...Published: 25 Feb 2021 at 16:05hrs | 595 | by Staff reporter
Government repeals mining fees hike
GOVERNMENT has reverted to old mining and registration fees after the Zimbabwe Miners Federation (ZMF) engaged the authorities to review the recent increases.Last week, the Ministry of Mines a...Published: 25 Feb 2021 at 16:01hrs | 184 | by Staff reporter
Online casino games market in African countries
Traditionally, businesses were reluctant to invest in African countries. The limited infrastructure and lack of development were some worries. Of the few companies having a presence there, many wanted...Published: 25 Feb 2021 at 13:21hrs | 136 | by Staff Writer
3 banks to extend credit facilities to farmers
THE agriculture commodities exchange - the Zimbabwe Mercantile Exchange (ZMX) - to be introduced soon, has courted three banks willing to extend credit to farmers as more progress is made towards the ...Published: 25 Feb 2021 at 06:24hrs | 1668 | by Staff reporter
Chombo remanded in custody
Former Local Government Minister Ignatius Chombo, arrested on Tuesday on charges of illegally parcelling out land in Harare and Zvimba, will hear today whether his application for bail is successful a...Published: 25 Feb 2021 at 06:20hrs | 707 | by Staff reporter
RBZ warns against rejecting $5 notes
THE Reserve Bank of Zimbabwe has assured the transacting public that the $5 note was still legal tender, and warned businesses against rejecting the currency.In a statement on Tuesday, the cen...Published: 24 Feb 2021 at 21:52hrs | 809 | by Staff reporter
'Housing co-ops remitted money into Chombo personal bank account'
SEVERAL housing co-operatives around the country reportedly deposited cash into former Local Government minister Ignatius Chombo's personal bank account instead of remitting the money to the State, a ...Published: 24 Feb 2021 at 21:51hrs | 1246 | by Staff reporter
Zimbabwe makes another U-turn on mines
GOVERNMENT on Tuesday reverted to Zimbabwe dollar-denominated mining fees, only a week after Mines minister Winston Chitando made wide-ranging reviews based in United States dollars.Chitando's...Published: 24 Feb 2021 at 21:46hrs | 1852 | by Staff reporter
Amplats warns Zimbabwe
ZIMBABWE'S decision to compel exporters to surrender more of their foreign currency earnings may leave miners unable to fund operations, Anglo American Platinum (Amplats), one of the country's biggest...Published: 24 Feb 2021 at 21:45hrs | 401 | by Staff reporter
Senator Timveos speaks about MDC's politics of witchcraft & factions
I found the Twit by Charlton Hwende that my reasons for resigning from the MDC Alliance was that the First Lady promised me that my senatorial car will not be seized to be demeaning and a lie by an ev...Published: 24 Feb 2021 at 21:28hrs | 2059 | by Senator Lillian Temvoes
Chombo in court for fraud, abuse of power
FORMER Cabinet Minister Ignatius Morgan Chombo today appeared in court on allegations involving illegal parcelling out of pieces of land in Harare and Zvimba Rural District during his tenure as the Mi...Published: 24 Feb 2021 at 17:07hrs | 689 | by Staff reporter
94.3% Zimbabweans economically active, claims WB
AT least 94,3 percent of Zimbabwe's economically active population is employed or self-employed within the formal and informal sectors, giving an official unemployment rate of 5,7 percent.The ...Published: 24 Feb 2021 at 17:05hrs | 1141 | by Staff reporter
Zimdollar remains steady
THE Zimbabwean dollar remains steady against the United States at 1:83 this week with the Reserve Bank of Zimbabwe (RBZ) saying it has resolved the issue of delayed settlement of foreign currency auct...Published: 24 Feb 2021 at 17:01hrs | 966 | by Staff reporter
RBZ resolves auction payment glitches
The Reserve Bank of Zimbabwe (RBZ) says it has resolved the delayed settlement of foreign currency auction payments that occurred at the end of last year, as the authorities continue to refine the sys...Published: 24 Feb 2021 at 05:44hrs | 421 | by Staff reporter
Mangwana attacked for defending Mohadi's sex scandals
ZIMBABWE'S information tsar, Nick Mangwana, has been attacked on Twitter for suggesting that married women are free to have affairs outside wedlock.In a tweet that has set the social network o...Published: 23 Feb 2021 at 06:55hrs | 4808 | by Staff reporter
Chombo caged
FORMER Finance minister Ignatius Chombo was last night detained at Rhodesville Police Station in Harare following his arrest on charges of fraud and criminal abuse of office over illegal parcelling ou...Published: 23 Feb 2021 at 06:53hrs | 5602 | by Staff reporter
'Mnangagwa's govt letting down youths'
GOVERNMENT has failed to formulate policies that address the high unemployment rate among the youth, while political inequalities in the country have barred young people from participating in democrat...Published: 23 Feb 2021 at 06:48hrs | 338 | by Staff reporter
Suspected serial armed robber out on $20 000 bail
ONE of the suspects allegedly linked to a series of armed robberies in Bulawayo during which they raided several homes in the city and went away with more than US$45 000 and R300 000, has been release...Published: 23 Feb 2021 at 06:44hrs | 953 | by Staff reporter
New RBZ Monetary Policy Committee members named
Finance and Economic Development Minister, Professor Mthuli Ncube, on Sunday, appointed five new members to the Reserve Bank of Zimbabwe Monetary Policy Committee (MPC). The new members,...Published: 23 Feb 2021 at 06:42hrs | 1107 | by Staff reporter
Zinwa should also check on levels of siltation in dams
NUMEROUS media channels have recently been inundated with stories on the national average dam levels breaching the 88 percent mark, which generated lots of excitement among farmers intending to produc...Published: 23 Feb 2021 at 06:41hrs | 200 | by Obert Chifamba
Mnangagwa's govt says youths to get more support
The Government is cognisant of the ever-changing global trends and will take full advantage of every opportunity to provide young people with opportunities for growth and participation in the broader ...Published: 23 Feb 2021 at 06:41hrs | 123 | by Staff reporter
Cowardice is when you pounce on the weak and shout Courage!
For abusing his office Mohadi must be condemned for his deeds. I refuse to hear tribalists talking about Mohadi resigning from office because of the last week's scandals that were caught on media. Why...Published: 22 Feb 2021 at 12:44hrs | 2544 | by Nomazulu Thata
Zanu-PF MP protests abuse of agric inputs
ZANU-PF legislator for Magunje has taken Lands Minister Anxious Masuka over the continued abuse and mismanagement of farm inputs distributed to local farmers under government schemes.Speaking ...Published: 22 Feb 2021 at 05:48hrs | 580 | by Staff reporter
Zimbabwe's $50 note imminent
Zimbabwe announced on Thursday that it would shortly introduce a $50 note, while raising cash withdrawal limits to Z$2,000 per day from Z$1,000.The central bank also lifted its main lending ra...Published: 21 Feb 2021 at 22:30hrs | 1659 | by Staff reporter
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