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Buhera villagers embark on tree planting drive
Enterprising villagers from Buhera Central Constituency in partnership with the Forest Commission recently conducted a successful three-day tree planting training workshop at Chief Nyashanu's homestea...Published: 20 Dec 2024 at 20:57hrs | 113 | by Edson Mapani In Buhera
Zimbabwe juggles US$1bn TBs to avert crisis
President Emmerson Mnangagwa's government is restructuring repayment terms for Treasury Bonds (TBs) as it grapples with escalating debt obligations and the looming threat of default. With nearly US$74...Published: 06 Dec 2024 at 18:06hrs | 294 | by Staff reporter
CCC MPs strongly reject 'betting, pizza budget'
Opposition legislators have strongly rejected Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube's 2025 national budget, criticizing it for failing to address the country's ...Published: 29 Nov 2024 at 07:13hrs | 456 | by Staff reporter
Zimbabwe's blueberry sector eyes 30,000-tonne target by 2030
Zimbabwean horticultural farmers are aiming to produce 30,000 metric tonnes of blueberries annually by 2030, a goal that underscores the rapid growth of the sector. However, this ambitious target is b...Published: 27 Nov 2024 at 12:44hrs | 362 | by Staff reporter
Zimbabwe to pay white farmers US$331 million in move to rework debt
Zimbabwe plans to pay $331 million to white former farmers whose land the nation seized in 2000 as a step toward getting creditors to agree to restructure the nation's debt pile, which has left it loc...Published: 26 Nov 2024 at 08:19hrs | 457 | by Staff reporter
Construction thrives in Zimbabwe
Zimbabwe's construction sector is on the rebound despite the effects of currency volatility and an uncertain monetary policy framework.Piniel Mkushi, chairman of Cafca - the only cable manufac...Published: 22 Nov 2024 at 17:18hrs | 3179 | by Staff reporter
High interest rates choking Zimbabwe currency borrowing
Listed clothing retailer, Edgars Stores Limited, has reported a resilient performance for the half-year period ending July 7, 2024, despite the ongoing economic setbacks and high interest rates that c...Published: 10 Nov 2024 at 11:02hrs | 182 | by Staff reporter
Zimbabwe to hold talks on $21 billion debt albatross this month
Zimbabwe will resume talks with creditors later this month to restructure $21 billion in external debt as it seeks to exit a default that's kept it locked out of international capital markets since 19...Published: 07 Nov 2024 at 07:17hrs | 392 | by Rigid Kondongwe
Why UDC's victory is not a blueprint for Zimbabwe's opposition
The recent political landscape in Southern Africa has been marked by significant shifts, with the Botswana Democratic Party (BDP) conceding defeat to the United Democratic Congress (UDC) led by Duma B...Published: 01 Nov 2024 at 17:03hrs | 2661 | by Tinotenda Gacha
Willowgate linked minister in another scandal involving 'stolen' millions
The High Court has mandated Public Service, Labour and Social Welfare Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava, who is linked to the Willowgate motor scandal, to re...Published: 30 Oct 2024 at 07:56hrs | 703 | by Staff reporter
Zimbabwe ministers convicted for borrowing delinquency
Public Service Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava have been ordered by the High Court to repay a staggering ZWG206,370,840, which was borrowed from critical s...Published: 29 Oct 2024 at 16:37hrs | 5817 | by Staff reporter
Mnangagwa's govt in soup over unsanctioned US$500m 'loan'
A local citizen, Marvelous Khumalo, has taken the Zimbabwean government to court, demanding the repayment of over half a billion United States dollars allegedly misappropriated through unauthorized bo...Published: 29 Oct 2024 at 07:44hrs | 1115 | by Staff reporter
ZiG struggles persist
The woes surrounding the Zimbabwe Gold (ZWG) currency show no signs of abating, as retailers continue to implement a three-tier pricing system for products, complicating consumer transactions and unde...Published: 15 Oct 2024 at 08:39hrs | 2785 | by Staff reporter
Mthuli Ncube assures Zimbabweans amid ZiG volatility concerns
Finance Minister Mthuli Ncube has reassured Zimbabweans that there is no cause for alarm regarding potential volatility of the Zimbabwe Gold (ZWG) currency, citing the country's balanced local currenc...Published: 12 Oct 2024 at 11:22hrs | 376 | by Staff reporter
Mnangagwa, central bank deliver damp squibs
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has come under heavy criticism from leading economists, who say it lacked concrete solutions to arrest the nation's spiraling e...Published: 11 Oct 2024 at 18:33hrs | 1320 | by Staff reporter
Tshinga Dube rejects National Heroes Acre burial?
Former Minister and liberation struggle Zipra commander Tshinga Dube, who passed away on Thursday night, has expressed his wish not to be buried at the National Heroes Acre in Harare, according to his...Published: 05 Oct 2024 at 16:12hrs | 2780 | 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 | 299 | 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 | 56 | by Staff reporter
Mnangagwa signs 5 aviation protocols
President Emmerson Mnangagwa has taken a significant step in supporting international civil aviation by signing five instruments of ratification and accession related to the International Civil Aviati...Published: 02 Oct 2024 at 07:48hrs | 146 | by Staff reporter
Bulawayo pegs 2025 budget at US$309m
The Bulawayo City Council (BCC) has unveiled a proposed budget of US$309 million for 2025, marking a 17% increase from the US$264 million budget for 2024. The proposal, presented by the Finance and De...Published: 30 Sep 2024 at 07:44hrs | 137 | by Staff reporter
Is the Buy Zimbabwe campaign a flop?
The Buy Zimbabwe Campaign, launched over a decade ago, was designed to promote locally manufactured goods and services, reduce the trade deficit, and bolster economic growth. While the campaign's obje...Published: 20 Sep 2024 at 11:48hrs | 366 | by Staff reporter
ZiG currency another scam
Introducing new currency every time and again is not the panacea to the challenges that the country is currently facing.The issue of currency needs a lot of input and everyone's heads on the d...Published: 19 Sep 2024 at 20:57hrs | 3770 | by Leonard Koni
Zimbabwe's ballooning US$21 billion debt spirals out of hand
Citizen Coalition for Change (CCC) Mbizo Member of Parliament (MP), Corban Madzivanyika, has raised alarm over Zimbabwe's escalating public debt, which has now surpassed US$21 billion. During a recent...Published: 15 Sep 2024 at 10:06hrs | 1816 | by Staff reporter
Zimbabwe economy on the upswing, rating agency says
ICRA Rating, a UAE-based credit rating agency, has lauded Zimbabwe's economy for demonstrating impressive resilience and growth. The agency attributes this positive outlook to recent government initia...Published: 12 Jul 2024 at 09:15hrs | 43 | by Staff reporter
Bleak outlook for Zimbabwe's consumers
Inter Horizon (IH) Securities, a prominent financial services firm, has released a sobering report on Zimbabwe's consumer spending patterns for 2024. The analysis paints a bleak picture, attributing t...Published: 07 Jul 2024 at 10:58hrs | 10 | by Staff reporter
Protesters across Kenya say 'Ruto must go!'
Kenyan riot police fired tear gas at protesters in Nairobi on Tuesday and demonstrations erupted in other cities across the country demanding the resignation of President William Ruto, following a wee...Published: 02 Jul 2024 at 12:04hrs | 20 | by Staff reporter
IMF says Zimbabwe's economy continues to show resilience
In light of new policy developments, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a second mission to Harare during June 18-27, 2024, to conclude the 2024 ...Published: 28 Jun 2024 at 13:01hrs | 4 | by Staff reporter
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 81 | by Dr Bekithemba Mpofu
Zimra workers declare incapacitation
Workers at the Zimbabwe Revenue Authority (Zimra) have declared themselves incapacitated, citing their inability to afford basic necessities such as shelter, transport, food, and school fees due to lo...Published: 21 May 2024 at 08:19hrs | 1 | by Staff reporter
Zimra workers lament poor salaries
Zimbabwe Revenue Authority (ZIMRA) employees, including those stationed at border posts where they face the temptation of bribes, have declared incapacitation due to their inadequate salaries. These w...Published: 20 May 2024 at 07:56hrs | 44 | by Staff reporter
Zimbabwe's disgruntled cops stage uniform protests
JUNIOR police details are showing up at this year's independence celebrations inspection parades wearing clothes that do not match in a planned protests to express their disgruntlement against the esc...Published: 16 Apr 2024 at 07:59hrs | 16 | by Staff reporter
Zimbabwe currency crisis: Time to face the truth
THERE is, of course, no such thing as "a shortage of foreign currency".In open and disciplined markets, all that such a claim reflects is an over-valued local currency, whose managers resist t...Published: 07 Apr 2024 at 10:26hrs | 1 | by Obert Nyandoro
Zimbabwe's new currency greeted with pessimism
The new currency introduced by the Reserve Bank of Zimbabwe (RBZ) on Friday has been branded old wine in new bottles by economists and financial experts who doubt that it will stand the test of time....Published: 07 Apr 2024 at 10:18hrs | 1 | by Mthandazo Nyoni
Strategic Analysis of Zimbabwe's Monetary Policy and Its Implications on the Real Estate Sector
Introduction The Reserve Bank of Zimbabwe unveiled a new monetary policy aimed at stabilizing the country's currency and economy. The policy focuses on ...Published: 07 Apr 2024 at 09:17hrs | 9 | by Dr Bekithemba Mpofu
Zimbabwe businesses note low activity
THE business sector has reported a decline in activity since the announcement of the 2024 National Budget in November last year, NewsDay Business has learnt.Most firms found the 2024 Nat...Published: 15 Mar 2024 at 07:20hrs | | by Staff reporter
Mthuli Ncube sees $18bn debt talks on course despite US exit
Talks on the restructuring of Zimbabwe's $18 billion debt remain on track, even after the US paused its involvement in the discussions, Finance Minister Mthuli Ncube said.The discussions led b...Published: 07 Mar 2024 at 05:13hrs | | by Staff reporter
EU shuts door on Zimbabwe financing
EUROPEAN Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, says the bloc will not lend to the southern African country owing to arrears even if sanctions are lifted.The EU ambassador sai...Published: 29 Feb 2024 at 05:02hrs | 1 | by Staff reporter
Zimbabwe debt set to balloon
ZIMBABWE is set to finance its 2024 total budget financing gap of ZWL$9,2 trillion through domestic and external borrowing, a development that will further sink the country deep into debt.Acco...Published: 28 Feb 2024 at 06:28hrs | 2 | by Staff reporter
Zimbabwe govt's proposed new currency reforms doomed
THE recently proposed currency changes, intended to underpin the Zimbabwe dollar with assets, will come to nought, given that country lacks sufficient reserves to support the local unit, an independen...Published: 25 Feb 2024 at 09:27hrs | | by Staff reporter
Copyright claims plague artists due to ignorance
THE legal principle ignorantia juris non excusat, meaning: Ignorance of the law is no excuse, underscores the fundamental responsibility that individuals have to abide by the law, regardless of person...Published: 22 Feb 2024 at 04:56hrs | 13 | by Clinton Chipo
'23 years of sanctions embolden Zimbabwe'
ZIMBABWE'S story is that of resilience, innovation, people-centred policies and the undying resolve to defeat illegal Western sanctions that have continued to pound the country for over 23 years....Published: 14 Feb 2024 at 04:39hrs | | by Staff reporter
Zimdollar flounders
Zimbabwe's central bank will hold its first rate-setting meeting of the year next Monday as it seeks to deal with a currency rout.The monetary policy committee will meet "to discuss interventi...Published: 25 Jan 2024 at 06:37hrs | 1 | by Staff reporter
Global headwinds spell doom for Zimbabwe
TOP international economists predict that the global economy will decline this year, spelling trouble for Zimbabwe's foreign market-dependent economy.The Treasury expects Zimbabwe's economic g...Published: 20 Jan 2024 at 07:06hrs | | by Staff reporter
Zimbabwe's ailing SOEs owe Chinese, Indian banks US$1.7billion
ZIMBABWE has accessed loans of up to USS$1.7 billion from Chinese and Indian banks to shore up technically insolvent state-owned enterprises (SOEs), a leading regional financier has revealed.A...Published: 31 Dec 2023 at 12:57hrs | 11 | by Staff reporter
Jacob Mafume's plan is to stabilise Harare
NEWSDAY reporter Sharon Buwerimwe (ND) caught up with recently re-elected Harare mayor Jacob Mafume (JM) for an interview to discuss his plans after bouncing back into office.The mayoral post ...Published: 28 Dec 2023 at 07:33hrs | 10 | by Staff reporter
Zimdollar decline fueled by surge in money supply
THE Zimbabwe dollar has taken a battering in the past month with economists attributing the depreciation of the local currency to increased money supply after private and public sector employees were ...Published: 24 Dec 2023 at 16:10hrs | 9 | by Staff reporter
Secrecy surrounding resource-backed loans in Zimbabwe
IntroductionTO realize the aspirations of Vision 2030, Zimbabwe needs to invest US$2 billion in infrastructure development in five consecutive years to close the infrastructure asset gap, a hu...Published: 07 Dec 2023 at 05:29hrs | 15 | by Mbongeni Nhliziyo
Mthuli Ncube defends proposed sugar tax
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube has defended the proposed tax on high sugar content beverages, saying the revenue generated will go towards creat...Published: 07 Dec 2023 at 05:25hrs | 11 | by Staff reporter
Chamisa's CCC borrows poor language from Nerves Mumba
IN A WHAT COMES ACROSS AS A POOR CASE OF BORROWING poor language from Nerves Mumba's controversial Sadc Electoral Observation Mission on Zimbabwe's 2023 harmonised general election, Nelson Chamisa's C...Published: 03 Dec 2023 at 18:23hrs | 9 | by Jonathan Moyo
Biti rips into Ncube's 'disastrous' budget
FORMER Finance minister Tendai Biti has described the 2024 budget as a disaster amid concerns that the proposed raft of taxes will deepen Zimbabwe's poverty levels and worsen the economic challenges....Published: 03 Dec 2023 at 17:33hrs | 11 | by Staff reporter
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