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Zimbabwe's fuel black market returns
Illegal fuel dealers have re-emerged on the streets of Bulawayo, selling smuggled petrol and diesel in defiance of government regulations mandating ethanol blending. The illicit traders claim their fu...Published: 30 Nov 2024 at 12:57hrs | 6190 | by Staff reporter
ZERA enforces ethanol blending mandate amidst controversy
The Zimbabwe Energy Regulatory Authority (ZERA) has reaffirmed its directive for full compliance with Statutory Instrument 150 of 2024, which mandates the blending of anhydrous ethanol with unleaded p...Published: 26 Nov 2024 at 14:16hrs | 1887 | by Staff reporter
UK, Czech Republic investors in Bulawayo
Investors from the Czech Republic and the United Kingdom (UK) visited Bulawayo on Monday to explore opportunities in various sectors as the city grapples with the challenges of de-industrialisation....Published: 21 Nov 2024 at 06:27hrs | 148 | by Staff reporter
Why fuel prices are high in Zim
The Zimbabwe Energy Regulatory Authority (Zera) has attributed the country's high fuel pump prices to the substantial tax burden and levies applied to petrol and diesel, compared to other countries in...Published: 12 Nov 2024 at 11:00hrs | 1514 | by Staff reporter
Mbare fire evidence disappears
Investigations into the cause of the devastating fire that engulfed Mbare Musika last week have reportedly stalled as vendors rushed to clean up and reclaim the affected space, NewsDay has learned. Th...Published: 17 Oct 2024 at 13:26hrs | 763 | by Staff reporter
Mtukudzi's daughter shared meals with the dog in her father's house
The late music legend Oliver Mtukudzi's daughters, Sandra and Selmor, have courageously opened up about the mistreatment they endured at the hands of their stepmother, Daisy, during their childhood. T...Published: 27 Sep 2024 at 08:30hrs | 3882 | by Staff reporter
ZiG exchange premium skyrockets
Leading research firms have raised alarm this week over the ballooning exchange premium for the Zimbabwe Gold (ZiG) currency, with parallels being drawn to the collapse of the Zimbabwe dollar. The rap...Published: 13 Sep 2024 at 16:03hrs | 7515 | by Staff reporter
Zimbabwe bans unleaded fuel
The government has introduced new regulations banning unleaded petrol in Zimbabwe to encourage the use of environmentally friendly fuel and reduce reliance on imported fuel. The ban was announced thro...Published: 31 Aug 2024 at 11:10hrs | 248 | by Staff reporter
Most Popular Luxury Watch Brands in 2024
Luxury watches have long been revered as the epitome of craftsmanship, innovation, and style. For enthusiasts and collectors, they represent more than just a means to tell time - they symbolize status...Published: 19 Aug 2024 at 17:00hrs | 208 | by Staff Reporter
5,4 million Zimbabweans battling hunger
ABOUT 5,4 million Zimbabweans are battling hunger this month amid the free-falling local currency and the El Niño-induced drought, World Food Programme (WFP) data has revealed. In its Fe...Published: 26 Mar 2024 at 06:34hrs | 10 | by Staff reporter
Russia donates 25,000 metric tonne wheat to Zimbabwe
ZIMBABWE has received part of Russia's 25,000 metric tonne wheat donation and an additional 10 tonnes of fertiliser.The donation is part of Russia's 200,000 metric tonne aid to six African cou...Published: 24 Feb 2024 at 08:10hrs | 1 | by Staff reporter
'Zimbabwe inflation rate at 747%'
ZIMBABWE'S annual inflation could be over 20 times higher than the official rate of 34,8%, an independent advisory estimated this week, as it gave glimpses into fundamentals behind deeper turbulence c...Published: 16 Feb 2024 at 15:22hrs | 2 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | | by Staff reporter
500,000 Zimbabwean children out of school
ABOUT half-a-million Zimbabwean children of school-going age are staying at home, a United Nations agency has said, amid calls for the government to address challenges that are keeping them out of cla...Published: 25 Jan 2024 at 06:41hrs | 8 | by Staff reporter
Chinese firm to build US$700m fertiliser plants
CHINESE regional fertiliser manufacturing giant, United Capital Fertiliser (UCF) Limited, is set to invest US$700 million in the construction of Compound D and Urea fertiliser manufacturing plan...Published: 13 Dec 2023 at 05:10hrs | | by Staff reporter
Zimbabwe's yearly inflation increases to 21,6%
In November, Zimbabwe's annual inflation rose to 21.6%, according to data released by the Zimbabwe National Statistics Agency (Zimstat) on Monday. This figure, measured by the all-items Consumer Price...Published: 28 Nov 2023 at 05:12hrs | 2 | by Staff reporter
Live betting in Tanzania: A growing trend
The digital savannah of Tanzania is teeming with a new kind of thrill, one that unfolds in real-time and keeps the pulse racing - live betting. Gone are the days when wages were placed before a match ...Published: 17 Nov 2023 at 14:06hrs | 21 | by Staff Reporter
Zimbabwe's 'rigged' inflation remains high at 18.4%
In September, Zimbabwe's annual inflation rate remained high at 18.4%, despite the adoption of a geometric aggregation method by the authorities for analyzing the consumer price index (CPI). The Zimba...Published: 29 Sep 2023 at 06:25hrs | | by Staff reporter
Zanu-PF's well-oiled campaign raises eyebrows
A day after President Emmerson Mnangagwa's rally in Harare on August 9, thousands of empty boxes of fast foods were strewn across the venue spanning up to more than the size of four soccer fields....Published: 13 Aug 2023 at 21:57hrs | 10 | by Staff reporter
'Sanctions have made Zimbabwe to be more innovative,' says Mnangagwa
THE level of development and economic transformation achieved in the last five years without access to global lines of credit is an indication that Zimbabwe under the Second Republic is effectively de...Published: 04 Aug 2023 at 06:46hrs | 8 | by Staff reporter
ZimStat must ditch blended statistics
The Zimbabwe Coalition on Debt and Development has urged the ZimStat to ditch the blended statistics to ensure transparency.This is revealed in its weekly Economic Review and Analysis....Published: 01 Aug 2023 at 17:59hrs | 9 | by Stephen Jakes
Foreigners fuel Zimbabwe's wildlife illicit financial flows
It was business as usual for Mgcini Ncube when he was caught by detectives while skinning an impala deep inside Victoria Falls' Zambezi National Park.Ncube (37) had set up a temporary structur...Published: 30 Jul 2023 at 09:00hrs | 12 | by Staff reporter
Zimbabwe experienced a significant increase in macroeconomic fluctuations in June 2023
Zimbabwe Coalition on Debt and Development has said Zimbabwe experienced a significant increase in macroeconomic fluctuations in June 2023, with the local currency losing over 55% of its value in both...Published: 25 Jul 2023 at 12:42hrs | 14 | by Stephen Jakes
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
Zimbabwe economy now in hyperinflation, says CZI
THE Confederation of Zimbabwe Industries (CZI) says the country is now in hyperinflation citing the shooting up of the blended month-on-month rate by nearly 59 percentage points last month.Thi...Published: 06 Jul 2023 at 08:22hrs | 10 | by Staff reporter
Zimbabwe increases fuel prices
THE Zimbabwe Energy Regulatory Authority ZERA has with effect from today slightly increased the price of both diesel and blend in both local currency and United States dollars.The review is ef...Published: 05 Jul 2023 at 13:11hrs | 7 | by Staff reporter
Mthuli Ncube's bag of tricks running on empty
"FOOL me once, shame on you; fool me twice, shame on me."Basically, the famous English saying denotes that after being tricked once, one should learn from their experience and avoid being tric...Published: 29 Jun 2023 at 06:43hrs | 8 | by Staff reporter
Mnangagwa's govt told to introduce higher denomination banknotes
GOVERNMENT has been urged to issue banknotes with higher denominations to make it easier for people to transact.Currently, the $100 note is the highest banknote in the country, but it has been...Published: 16 Jun 2023 at 07:58hrs | | by Staff reporter
South Africans dumping DStv
MultiChoice's latest annual results show its pay-TV service DStv lost South African subscribers between 31 March 2022 and 31 March 2023.Its subscribers declined from 8.16 million to 8.016 mill...Published: 14 Jun 2023 at 08:31hrs | 2 | by Staff reporter
Mthuli Ncube feels heat
THE government's ambitious growth projections are unlikely to be met because of protracted blackouts, which have stifled exports and further weakened the local currency.In December last year, ...Published: 02 Jun 2023 at 18:17hrs | 1 | by Staff reporter
Mnangagwa govt fails to rig price hikes
The Reserve Bank of Zimbabwe (RBZ) has frozen bank accounts of four major distributors of basic commodities as President Emmerson Mnangagwa's government scrambles to find solutions to soaring prices a...Published: 28 May 2023 at 08:09hrs | 1 | by Staff reporter
Biti challenges Mthuli Ncube to explain SI 127, blended inflation
HARARE East legislator Tendai Biti (CCC) has challenged Finance minister Mthuli Ncube to explain before Parliament how Statutory Instrument 127 and blended inflation work.SI 127 of 2021 amends...Published: 23 May 2023 at 06:42hrs | | by Staff reporter
Auditors condemn Edgars financial results
DELOITTE and Touche Zimbabwe auditors have condemned Edgars Stores Limited financial results for the year ended January 8, 2023, saying they failed to comply with International Financial Reporting Sta...Published: 14 May 2023 at 11:37hrs | | by Staff reporter
'Zimbabwe open for business, not abuse'
IN as much as Zimbabwe is open for business, the country is not open to abuse and will not condone mineral leakages, haphazard operations, and breaches of it's laws, President Mnangagwa has said....Published: 12 May 2023 at 06:00hrs | | by Staff reporter
Zimbabwe cost of living up by 11%
THE Zimbabwe National Statistics Agency (ZimStat) has said $33 044 could adequately sustain a consumer's basic needs last month, which at today's official exchange rate translates to just US$31,54....Published: 01 May 2023 at 08:10hrs | 1 | by Staff reporter
Zimbabwe govt to revise 2023 GDP growth upwards
FINANCE minister Mthuli Ncube yesterday said Zimbabwe's gross domestic product (GDP) growth prediction of 3,8% was understated because of improved agricultural performance.The government expec...Published: 27 Apr 2023 at 06:30hrs | | by Staff reporter
RBZ boss speaks on looming exit
The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says his top priorities are to leave behind a sound financial system, strong central bank, and stable prices as his two terms come to an end....Published: 16 Apr 2023 at 08:32hrs | | by Staff reporter
'Inflation is not on paper, you feel it'
Reserve Bank of Zimbabwe governor John Mangudya says inflation is "felt" by consumers and not on paper, as official statistics are being challenged by independent experts.For years, the Zimbab...Published: 10 Apr 2023 at 07:28hrs | | by Staff reporter
US Dollars replaces Zimbabwe's currency for second time
The greenback has replaced the Zimbabwean dollar as the most-used currency in the southern African nation for a second time, almost four years after the re-introduction of the local unit.US do...Published: 07 Apr 2023 at 10:20hrs | 1 | by Staff reporter
Zimbabwe inflation rate declines
ZIMBABWE continues to experience a sustained drop in inflation since August last year as the annual rate for March tumbled to 87,6 percent from 92,3 percent in February.The Zimbabwe National S...Published: 28 Mar 2023 at 08:28hrs | 1 | by Staff reporter
Mthuli Ncube abandons technocrat tag
FINANCE minister Mthuli Ncube has abandoned his public image as President Emmerson Mnangagwa's poster boy technocratic cabinet minister after throwing his hat in the ring ahead of the Zanu-PF primary ...Published: 25 Mar 2023 at 11:33hrs | | by Staff reporter
Zimbabwe telcos in another staggered price review
ZIMBABWE'S main telecommunication companies are set for another price adjustment on April 1, 2023, as operator battle to offset rising operational costs.The telecoms industry will review tarif...Published: 21 Mar 2023 at 20:24hrs | 2 | by Staff reporter
Bulawayo CBD expansion to cover Suburbs, Kumalo
BULAWAYO City Council (BCC) is considering extending the Central Business District (CBD) into residential areas such as Suburbs and Kumalo in line with current trends that have seen some companies and...Published: 17 Mar 2023 at 07:25hrs | 5 | by Staff reporter
Zera reviews fuel prices
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a drop in the price of diesel and a slight increase for petrol blend effective today.In its latest monthly update, the regulator s...Published: 06 Mar 2023 at 15:00hrs | 7 | by Staff reporter
Zimbabwe's monthly inflation goes negative
Monthly inflation went negative last month to -1,6 percent, meaning prices fell on average, according to ZimStat, the national statistics agency, using the new weighted consumer price index that takes...Published: 06 Mar 2023 at 05:14hrs | 1 | by Staff reporter
Zimbabwe shifts to new 'blended' inflation that includes USD, Zimdollar prices
Zimbabwe will now measure inflation using a weighted average of goods and services priced in Zimdollars and US dollars, according to a Ministry of Finance statutory instrument gazetted yesterday in re...Published: 04 Mar 2023 at 08:12hrs | 1 | by Staff reporter
Highlanders' financials: Something is STINKING!
HIGHLANDERS Football Club's bonafide members will have to wait a bit longer to receive audited financial statements for the year ending December 31, 2022 after it emerged that the auditors are yet to ...Published: 25 Feb 2023 at 07:02hrs | | 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 | | 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 | | 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 | 5 | by Staff Reporter
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