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Bosso's Brito banks on Platinum pressure
HIGHLANDERS coach Baltemar Brito reckons FC Platinum are favourites to retain the league title, but will be under pressure when the two sides clash in a Castle Lager Premier Soccer League match at Bar...Published: 4 hrs ago | 64 | by Staff reporter
Reserve Bank of Zimbabwe slashes policy rate
THE Reserve Bank of Zimbabwe (RBZ) yesterday slashed its policy rate further to 140%. The policy rate had been pegged at 150% at the beginning of the year, from 200% before.Analysts said the m...Published: 18 hrs ago | 528 | by Staff reporter
Zimbabwe forex inflows breach US$1,78 billion mark
ZIMBABWE has received US$1,78 billion in foreign currency receipts in the first three months of this year, 31% up from the same time last year, central bank governor John Mangudya has said.Dur...Published: 31 Mar 2023 at 07:46hrs | 333 | by Staff reporter
Who are Zimbabwe's Gold Mafia?
They operate from the shadows. Al Jazeera's latest investigation, The Gold Mafia, brings their crimes out into the open. Last week, Part 1 of ‘Who are the Gold Mafia?‘ dove into the lives of some ...Published: 31 Mar 2023 at 07:40hrs | 473 | by Staff reporter
'Zimbabwe data, among world's costliest'
INFLATION and a deteriorating economy have seen data costs in Zimbabwe spiking upwards compared to other countries in the region, information communication technology (ICT) experts have said.C...Published: 30 Mar 2023 at 06:39hrs | 231 | by Staff reporter
South Africa extends validity of non-ZEP permits
SOUTH Africa's Home Affairs Department has extended the renewal of permits that expire at the end of this month to December 31.The extension does not apply to Zimbabwe Exemption Permit (ZEP) h...Published: 30 Mar 2023 at 06:34hrs | 522 | by Staff reporter
ABSA, Standard Bank agree US$193m funding deal to build new Zimbabwe hospitals
Zimbabwe is to raise US$193 million in offshore lending to implement a 2019 agreement with UK infrastructure company NMS for the construction of hospitals and clinics in the country.ABSA and S...Published: 29 Mar 2023 at 20:43hrs | 781 | by Staff reporter
Zimbabwe cabinet approves TVET policy
Cabinet has approved the Zimbabwe National Technical and Vocational Education and Training (TVET) Policy, an all-encompassing framework that seeks to harmonise and standardise the coordination of lear...Published: 29 Mar 2023 at 06:50hrs | 132 | by Staff reporter
Biden claims immunity from SA courts in Zimbabwe sanctions case
The US Embassy in Pretoria has issued a diplomatic note to SA claiming the Johannesburg High Court lacks jurisdiction over the US in the case brought a year ago by the Zimbabwe Anti-Sanctions Movement...Published: 25 Mar 2023 at 15:59hrs | 2979 | by Staff reporter
EFF shutdown knocks the rand
The JSE was lifted by rand hedges and precious metals miners on Monday, amid global jitters over recent banking crises abroad, with the rand showing some pressure. This was as the EFF pressed ahead wi...Published: 20 Mar 2023 at 14:25hrs | 4434 | by Staff reporter
Demand for Zimdollar still high
ZIMBABWE'S central bank says demand for the local currency remains high despite increased use of foreign currency across economic sectors.The country legalised the dual monetary system to tame...Published: 17 Mar 2023 at 18:59hrs | 1661 | by Staff reporter
Disillusioned American girl says 'Zimbabweans aware Chinese investments don't really benefit them'
A nominee for the United States (US) Ambassador to Zimbabwe post, Pamela Tremont, claims Zimbabweans are acutely aware that Chinese investment in the country does not really benefit them as she spoke ...Published: 17 Mar 2023 at 18:19hrs | 2210 | by Staff reporter
'Mugabe did not actively push for his family's primitive accumulation of wealth'
THE late president Robert Mugabe stopped his son-in-law Simba Chikore and daughter Bona from joining the scramble to take over the country's third-largest mobile network operator, Telecel Zimbabwe....Published: 13 Mar 2023 at 08:13hrs | 2682 | by Staff reporter
Mangudya warns against forex loans
In a situation where there is little foreign currency in the market despite the banking sector having US$2,5 billion in nostro deposits, Reserve Bank of Zimbabwe governor John Mangudya has warned agai...Published: 12 Mar 2023 at 06:37hrs | 3799 | by Staff Reporter
Duty reprieve for vehicle assembly factories
GOVERNMENT has suspended customs duty on semi-knocked down (SKD) single and double-cab motor vehicle kits imported by approved assemblers for a period of three years in a bid to revive the local motor...Published: 10 Mar 2023 at 05:18hrs | 340 | by Staff reporter
Resource curse in Africa
The African continent is bestowed with so much natural wealth such as diamonds, coal, petroleum, natural gas, copper, and uranium to mention a few. Still, it has been the poorest continent in the worl...Published: 09 Mar 2023 at 09:09hrs | 261 | by Jeremie Kalombo
Sanctions on Zimbabwe are through ZIDERA and augmented by OFAC
ZIMBABWE remains under a punitive regime of economic sanctions that have negatively impacted the movement of funds and trading capabilities in the past two decades, Reserve Bank of Zimbabwe (RBZ) Gove...Published: 08 Mar 2023 at 05:28hrs | 331 | by Staff reporter
Zimbabwe govt determined to modernise all border posts
GOVERNMENT says it is determined to modernise all the country's border posts to solve the acute shortage of infrastructure as well as increase efficiency.Speaking at the handover-takeover of t...Published: 06 Mar 2023 at 05:19hrs | 440 | by Staff reporter
Zimbabwe bank workers, employers hammer out US dollar wage deal
Bank workers and their employers have agreed on a wage structure that would see salaries split into local currency and US dollars at a ratio of 60:40 percent respectively.The resolution was ma...Published: 05 Mar 2023 at 17:56hrs | 4990 | by Staff reporter
Zimbabwe in race to introduce digital currency
Zimbabwe is in the race to become one of the first African countries to introduce a central bank digital currency (CBDC).Nigeria became the first country in Africa to issue a CBDC, the eNaira,...Published: 04 Mar 2023 at 10:25hrs | 2926 | by Staff reporter
Judge dismisses depositor's US$179,000 debt claim from CABS
A local pensioner, Duncan Hugh Cocksedge, is counting his losses after his US$179,000 bank balance which was being held in a CABS account was wiped out after being wholly converted to local currency t...Published: 28 Feb 2023 at 19:53hrs | 2574 | by Staff reporter
Forex may retard Zimbabwe's GDP growth
THE Confederation of Zimbabwe Industries (CZI) says while full dollarisation of the economy will slow down inflation, the increased use of foreign currency may retard gross domestic product (GDP) grow...Published: 28 Feb 2023 at 10:42hrs | 389 | by Staff reporter
Zimbabwe govt turns heat on land barons
GOVERNMENT has warned that it would soon impose harsh measures against land barons if they continue causing land degradation and exploiting home seekers.Addressing a Press conference in Harare...Published: 28 Feb 2023 at 07:40hrs | 312 | by Staff reporter
Zanu-PF's absentee MP told not to contest 2023 elections
Mazowe North Member of Parliament Campion Takura Mugweni (Zanu-PF) was last week told by party chairpersons in Mashonaland Central province not to contest at this year's general elections.Mugw...Published: 27 Feb 2023 at 20:50hrs | 2206 | by Staff reporter
Zimbabwe to become Africa's Dubai
Zimbabwe plans to set up an offshore financial center in the resort city of Victoria Falls that the government hopes will emulate the likes of Dubai and the Isle of Man to attract foreign investment....Published: 25 Feb 2023 at 08:54hrs | 11206 | by Staff reporter
'US$2 billion pumped into irrigation revamp'
ABOUT US$2 billion has been injected to revamp Zimbabwe's irrigation infrastructure since 2020, a government official told businessdigest this week.Lands, Agriculture, Fisheries, Water and Rur...Published: 25 Feb 2023 at 07:09hrs | 142 | by Staff reporter
Ramaphosa's money laundering scandal, South Africa greylisted
South Africa, whose President Cyril Ramaphosa has been implicated in money laundering scandal, has been greylisted by the Financial Action Task Force (FATF), an intergovernmental body that sets global...Published: 24 Feb 2023 at 20:28hrs | 1437 | by Staff reporter
Zimbabwe's tragedy is being led by a coward!
Over the past few days, I was in the breath-taking mountain city of Mutare - attending a dear cousin's funeral.During this visit to this captivating and awe-inspiring place - besides the immer...Published: 24 Feb 2023 at 18:11hrs | 827 | by Tendai Ruben Mbofana
Mnangagwa says Zimbabwe govt committed to tackle debt arrears
Zimbabwe President Emmerson Mnangagwa on Thursday said his administration is committed to clearing external debt arrears which have prevented the country from accessing fresh capital from global finan...Published: 24 Feb 2023 at 07:43hrs | 276 | by Staff reporter
Farmers defend raw sugar price increase
Small-scale sugarcane farmers, who supply 45 percent of raw sugar in Zimbabwe, have defended the new price of the commodity after Gold Star suspended production at its refinery in Harare this week cit...Published: 17 Feb 2023 at 04:54hrs | 232 | by Staff reporter
Banks use RBZ excuse to dismiss demands for US dollar salary payments
BANK Employers Association of Zimbabwe (BEAZ) has allegedly claimed that the Reserve Bank of Zimbabwe (RBZ) does not allow the payment of US$-denominated salaries as a way to counter mounting pressure...Published: 12 Feb 2023 at 07:36hrs | 315 | by Staff reporter
Zimbabwe risks another currency collapse
FULL dollarisation remains an unviable proposition for Zimbabwe, defiant Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya says, despite the economy rapidly gravitating toward self-redollarisat...Published: 12 Feb 2023 at 07:20hrs | 316 | by Staff reporter
Iran exposes Zimbabwe's lies about sanctions crippling economy
As a Zimbabwe delegation, led by foreign affairs minister Fredrick Shava, visits Iran, and is showcased the repressive regime’s phenomenal economic and scientific breakthroughs - amidst enduring arg...Published: 08 Feb 2023 at 21:09hrs | 1310 | by Tendai Ruben Mbofana
Diaspora keeps Zimbabwe afloat but no vote
ALTHOUGH Zimbabweans in the diaspora are not allowed to vote from their host nations, their cash remittances back home are fast growing and helping to keep the country afloat.Last year, remitt...Published: 04 Feb 2023 at 20:12hrs | 393 | by Staff reporter
Chiwenga demands plastic bottle deposits
The law on littering is being tightened to deter litterbugs and a new Bill being drafted include stiffer penalties and regulation plus a requirement that fast food outlets and those who sell drinks bo...Published: 04 Feb 2023 at 06:13hrs | 486 | by Staff reporter
Zimbabwe gold deliveries to hit 40 tonnes
STATE-owned gold buyer, Fidelity Gold Refinery (FGR) is bullish on hitting a 40-tonne gold delivery target in 2023 buoyed by new gold mining projects coming into production as well as continuous polic...Published: 03 Feb 2023 at 19:11hrs | 120 | by Staff reporter
Zimbabwe, Zambia to speed up two key power projects
Zimbabwe and Zambia are working to expedite the implementation of two key power generation projects to bring relief to citizens of the two countries who, along with others in the region, have been end...Published: 02 Feb 2023 at 23:02hrs | 1244 | by Staff Reporter
Reserve Bank slashes lending rates, increases forex retention
THE Reserve Bank of Zimbabwe (RBZ) has trimmed its bank policy rate to 150 percent from 200 percent per annum and increased foreign currency retention thresholds for exporters on domestic sales while ...Published: 02 Feb 2023 at 22:58hrs | 1331 | by Staff Reporter
Harare backs Moscow
WINDS of a renewed Cold War between the United States and Russia - thunderously manifesting itself in Ukraine through iron and blood - swept across the southern African region this week as Russian For...Published: 02 Feb 2023 at 19:07hrs | 559 | by Staff reporter
The Palm River Hotel awarded official 5-star grading
Palm River Hotel awarded 5-star grading by Zimbabwe Tourism Authority (ZTA) Officially one of only two h...Published: 02 Feb 2023 at 15:56hrs | 1268 | by Agencies
The most popular payment methods in Canadian online casinos
There are plenty of payment options in Canadian online casinos that allow for quick and easy transfers, In our guide, you will find the top methods for making deposit...Published: 02 Feb 2023 at 14:47hrs | 261 | by Staff Reporter
Spilling Umguza dam reignites hope for good harvest
THE spilling of Lower Umguza Dam in Matabeleland North province has brought smiles among farmers and rekindled their hope of recording a bumper harvest. Lower Umguza Dam is a major source of p...Published: 31 Jan 2023 at 07:32hrs | 1706 | by Staff Reporter
Mnangagwa tightens the noose
President Emmerson Mnangagwa's government has started restricting operations of non-governmental organisations ahead of this year's elections as fears continue to grow that it will use ame...Published: 30 Jan 2023 at 07:17hrs | 789 | by Staff reporter
NGOs under siege as Mnangagwa tightens noose
President Emmerson Mnangagwa's government has started restricting operations of non-governmental organisations ahead of this year's elections as fears continue to grow that it will use amendments to t...Published: 29 Jan 2023 at 08:14hrs | 1118 | by Staff Reporter
Zimbabwean children denied schooling in South Africa
In yet another case seeking to protect the rights of Zimbabweans in South Africa, the Zimbabwe Exemption Permit Holders Association (Zepha) is asking the Gauteng High Court to set aside what it says i...Published: 22 Jan 2023 at 13:04hrs | 358 | by Staff reporter
D'Banj visits Mnangagwa
NIGERIAN music star D'Banj who is still being investigated over fraudulent activities visited Zimbabwe where he met President Emerson Mnangagwa at the State House during the week.D'Banj's visi...Published: 22 Jan 2023 at 13:02hrs | 310 | by Staff reporter
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 1350 | by Staff reporter
Zimbabwe govt turns to banks to fund roads rehabilitation
ZIMBABWE'S roads administrator said this week it had kicked off processes to draft in banks to bolster its capacity to fund rehabilitation of the country's crumbling road network.In an intervi...Published: 21 Jan 2023 at 11:25hrs | 1137 | by Staff reporter
Chiwenga should act on health licence fees
REGULATORY authorities are some of the major cost drivers of health service delivery in our country.With health financing mainly out-of-pocket, achieving universal health coverage (UHC) become...Published: 19 Jan 2023 at 07:34hrs | 893 | by Johannes Marisa
Zimbabweans in SA in limbo over ZEPs waiver applications
With less than six months before the Zimbabwean Exemption Permits (ZEPs) expire, holders who applied for waivers are waiting with bated breath for feedback from the South African government.Th...Published: 16 Jan 2023 at 18:31hrs | 2071 | by Staff reporter
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