Search / Buffer
Minister Mthuli's Anaconda Choke on the Informal Sector Marks the End of Zanu PF Rule
Zimbabwe's Minister of Finance, Mthuli Ncube, has taken drastic measures to clamp down on the informal sector, a move being described as an "anaconda chok...Published: 13 Dec 2024 at 19:15hrs | 1783 | by Kindred Sibanda
Zimbabweans abroad sent home US$1,9 billion in 9 months
Zimbabweans living abroad sent a record-breaking US$1.9 billion back home in the first nine months of 2024, marking a significant 16.5% increase from the US$1.6 billion remitted in the same period las...Published: 29 Nov 2024 at 07:17hrs | 365 | by Staff reporter
Zimbabwe banking sector strengthens amid declining non-performing loans
The Reserve Bank of Zimbabwe (RBZ) has reported a significant improvement in the country's banking sector credit risk landscape, marked by a decrease in the ratio of non-performing loans (NPLs) to tot...Published: 24 Nov 2024 at 09:55hrs | 76 | by Staff reporter
Zimbabwe targets 2,100MW renewable energy by 2030
The Zimbabwean government has reaffirmed its commitment to advancing renewable energy solutions, aiming to achieve 1,100 megawatts (MW) from renewable energy sources by 2025 and 2,100 MW by 2030. Thes...Published: 11 Nov 2024 at 07:03hrs | 255 | by Staff reporter
Grid Africa secures R50 million Equity Investment from Rifuwo
Grid Africa has announced a major milestone with the successful acquisition of a R50 million equity investment from Rifuwo Energy Partners. This funding will significantly boost the company's efforts ...Published: 16 Oct 2024 at 15:42hrs | 237 | by Staff reporter
Mnangagwa frets over resurgent black market
In his State of the Nation Address (SONA) delivered during the official opening of the second session of the 10th Parliament in Mt Hampden, President Emmerson Mnangagwa expressed deep concern over the...Published: 03 Oct 2024 at 08:58hrs | 613 | by Staff reporter
Mnangagwa warns forex dealers
In a bold move to stabilize the beleaguered Zimbabwe Gold (ZWG) currency, President Emmerson Mnangagwa announced on Wednesday that 50% of mining royalties will be allocated to bolster the currency's r...Published: 03 Oct 2024 at 08:58hrs | 1081 | by Staff reporter
Zimbabwe govt working on currency stability
In a comprehensive State of the Nation Address delivered yesterday at the new Parliament Building in Mt Hampden, President Emmerson Mnangagwa highlighted the government's ongoing efforts to stabilize ...Published: 03 Oct 2024 at 08:47hrs | 169 | by Staff reporter
Fuel price decrease brings welcome relief to SA consumers
Consumers in South Africa will be able to stretch their rands a little further this month after the fuel price decreases were announced this past week.The Department of Mineral Resources and E...Published: 08 Sep 2024 at 09:39hrs | 105 | by Staff reporter
Chitungwiza space barons clash with indigenous churches
Several indigenous churches in Chitungwiza on Tuesday clashed with space barons who have illegally parcelled out land that is earmarked for church stands and buffer zones respectively.Speaking...Published: 21 Aug 2024 at 16:26hrs | 323 | by Gideon Madzikatidze/Simbarashe Sithole
Reserves backing Zimbabwe's ZiG shoot to US$370 million
Prices of goods and services in Zimbabwe are expected to remain stable, thanks to increased cash and mineral reserves backing the new currency, Zimbabwe Gold (ZiG). These reserves have risen from US$2...Published: 07 Jul 2024 at 10:34hrs | 76 | by Staff reporter
Fidelity Gold Refinery gold supply zero-rating policy shows promise
The zero-rating of gold deliveries to Fidelity Gold Refinery (FGR) has started bearing fruits as the local currency, the Zimbabwe Gold (ZiG) continues to strengthen while gold miners have been allevia...Published: 18 Jun 2024 at 17:17hrs | 57 | by Tonderai Ndoro
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
Zambia, Zimbabwe to re-tender $5bn Batoka hydropower plant
Zambia and Zimbabwe are retendering a $5 billion project to build a hydropower plant they previously awarded to General Electric and Power Construction Corp of China, and expect to select new bidders ...Published: 26 Mar 2024 at 06:37hrs | | by Staff reporter
Exploring the World of Forex Trading in Zimbabwe with MetaTrader 5
Forex trading, the dynamic process of exchanging currencies, is becoming increasingly popular in Zimbabwe. The Forex market offers a viable platform as individuals and traders look for new o...Published: 19 Mar 2024 at 12:16hrs | 48 | by Staff Reporter
The impact of strikes on air travel insurance claims
In an era where air travel has become the linchpin for connecting the global village, disruptions such as flight delays, cancellations, or overbooking due to strikes can throw a wrench into the best-l...Published: 04 Mar 2024 at 14:20hrs | 6 | by Staff Reporter
Hwange Colliery pays off US$350m debt
ZIMBABWE'S oldest coal producer, Hwange Colliery has repaid over US$350 million to creditors in fast-paced deals executed by external administrators since slipping into reconstruction over a year ago,...Published: 15 Dec 2023 at 07:52hrs | 1 | by Staff reporter
US$11m LP gas depot complete
GAS supplies are now more assured with the operationalisation of the first phase of the US$11 million liquefied petroleum gas (LPG) storage and handling facility with a holding capacity of 650 tonnes ...Published: 30 Nov 2023 at 06:51hrs | 10 | by Staff reporter
Prince William honours Zimbabwean ranger
A Zimbabwean wildlife ranger - Jealous Mpofu has received a prestigious award honour from Britain's Prince William for his outstanding service to the protection of painted dogs which are under threat ...Published: 28 Nov 2023 at 15:33hrs | 11 | by Staff reporter
Mnangagwa leaves for 78th UNGA
President Emmerson Mnangagwa has left for New York, United States of America, where he will join other heads of state for the 78th Session of the United Nations General Assembly.The President ...Published: 18 Sep 2023 at 21:50hrs | | by Staff reporter
Bosso restore 5-point lead
League leaders Highlanders restored their five-point lead at the top of the premiership table with a 1-0 defeat of basement side Black Rhinos in a Castle Lager Premier Soccer League Match Day 19 clash...Published: 20 Aug 2023 at 18:49hrs | 9 | by Staff reporter
Multichoice believes Zimbabwe may prove a better market than Nigeria
Multichoice, which is banking on economic and monetary policy reforms in Nigeria to offset exchange rate losses, considers Zimbabwe an important market that is better than its West African counterpart...Published: 06 Jul 2023 at 09:17hrs | 1 | by Staff reporter
Zimbabwe consumer demand remains firm despite currency depreciation
DEMAND within Zimbabwe's consumer sector will remain firm, supported by the informal sector, which makes up the bulk of the economy and shows resilience to macro-economic changes, a research firm has ...Published: 19 Jun 2023 at 06:43hrs | | by Staff reporter
Prophet Angel cleared of all suspicions claims?
Zanu-PF 'strategist' Acie Lumumba has made sensational claims that Uebert Angel has been cleared of all suspicions that arose after Al Jazeera's explosive Gold Mafia documentary.Lumumba who is...Published: 29 Apr 2023 at 19:23hrs | 1 | by Staff reporter
'Zimbabwe central bank selling gold coins at a loss'
THE Reserve Bank of Zimbabwe (RBZ) is making a huge loss by selling gold coins in local currency using the official rate as the Zimbabwean dollar continues on a free fall, a local think tank has said....Published: 27 Apr 2023 at 06:32hrs | | by Staff reporter
Being placed into public office is not a 'financial breakthrough'!
Having become what were referred to as Boy Scouts in those days (now simply known as Scouts, since girls are now part of the movement) from a very tender age, I learnt some vital values and principles...Published: 13 Dec 2022 at 09:44hrs | | by Tendai Ruben Mbofana
Zimbabwe ruling elite detachment from reality makes them insensitive to citizens' suffering
If I were elected into political office tomorrow, I can confidently tell you that, should I still be in power after ten years - my policies would have become divorced from the ordinary people....Published: 11 Dec 2022 at 22:04hrs | | by Tendai Ruben Mbofana
Mnangagwa urges citizens to plant trees
TREES are a source of life and every Zimbabwean should take a responsibility to plant one regularly, President Mnangagwa said yesterday.Speaking at the 7th Zanu-PF National People's Congress T...Published: 28 Oct 2022 at 06:18hrs | 1 | by Staff reporter
Hitech pharmaceutical warehouse opens
THE Government is determined to facilitate the modernisation of all socio-economic enablers as precursors to the attainment of rapid economic transformation, President Mnangagwa has said.The P...Published: 07 Oct 2022 at 05:56hrs | | by Staff reporter
ZANU PF Youths Call Party Councillor To Order
ZANU PF youths in Mazowe have called party councillor in Glendale Dominic Chimumba to order after he allegedly dished commercial stands to vendors a move ...Published: 23 Aug 2022 at 19:24hrs | 2 | by Simbarashe Sithole/Edson Mapani
China sanctions Pelosi over Taiwan trip
Beijing said Friday it will cancel phone calls between regional military commanders, defense meetings, talks on maritime safety and on climate change. It also said it would end cooperation with the U....Published: 06 Aug 2022 at 17:50hrs | | by Staff reporter
Victoria Falls could lose heritage status if golf course is built
THE United Nations has informed the governments of Zimbabwe and Zambia that Victoria Falls could lose its unique heritage status if a golf course is built at the site.According to The Times, t...Published: 21 Jul 2022 at 06:46hrs | 8 | by Staff reporter
Zanu-PF influence in ZBC programming, coverage is a myth, claims Information ministry
THE ministry of information has disputed claims the ruling Zanu-PF has a direct hand in programming at State broadcaster, ZBC, and said opposition parties invited by the institution do not respond pos...Published: 13 Jul 2022 at 07:25hrs | 1 | by Staff reporter
Zimbabwe's Chinese Parly building complete
Epitomising magnificence, the imposing six-storey circular Parliament Building in Mount Hampden sitting on a 70-metre platform above the picturesque surrounding area, symbolically projecting legislati...Published: 28 Jun 2022 at 07:14hrs | 11 | by Staff reporter
'Timely IMF boost saved Zimbabwe'
A PAN African lender has ranked Zimbabwe among the biggest beneficiaries of the US$33 billion injected into the region's economies by the International Monetary Fund (IMF) last year.Africa Exp...Published: 14 Jun 2022 at 06:41hrs | | by Staff reporter
Hit hard by storms and forest loss, Zimbabweans building stronger homes
For Florence Panda, the best thing about her new house in eastern Zimbabwe is not the modern design or the size, big enough for her family of nine.It's the fact that the house is built with ce...Published: 22 May 2022 at 08:33hrs | 1 | by Staff reporter
Zimbabwe to miss 2022 GDP forecast
ZIMBABWE will most likely miss its 5,5% gross domestic product (GDP) forecast due to prolonged hyper-inflationary conditions as the country's local currency continues to tumble against the United Stat...Published: 11 May 2022 at 09:12hrs | | by Staff reporter
Russia-Ukraine tiff exposes hypocrisy of US, West
On the last Friday of last month, a delegation of US Embassy in Zimbabwe personnel and its European Union (EU) counterparts made a beeline for Munhumutapa Building in Harare to the Ministry of Foreign...Published: 16 Mar 2022 at 05:30hrs | 1 | by Nobleman Runyanga
Zimbabwe abstains from anti Russia vote
Zimbabwe was among the 35 countries that yesterday abstained from voting against Russia when the United Nations General Assembly put the Ukraine crisis for a vote.The vote was 141 to 5, with 3...Published: 03 Mar 2022 at 05:42hrs | 1 | by Staff reporter
Mangudya ranked worst performing central bank governor in Africa
The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories, including the European Union, the Eastern Carib...Published: 12 Jan 2022 at 05:13hrs | 10 | by Staff reporter
Victoria Falls wants more bicycles than cars in CBD
Victoria Falls could soon be the first "green city" in the country with more bicycles than cars in the city centre.Pedestrians and electric cars will also be part of the new normal in the envi...Published: 05 Jan 2022 at 05:52hrs | 11 | by Staff reporter
Zimbabwe must step up reform agenda, says IMF
ZIMBABWE should step up its reform agenda in order to quicken economic growth and normalise relations with the international community and multilateral lenders, the International Monetary Fund says....Published: 22 Nov 2021 at 06:14hrs | 7 | by Staff reporter
Govt urged to implement dam safety plan
A MATABELELAND-BASED human rights organisation has urged government to implement the National Dam Safety Plan as envisaged in section 185 of its National Development Strategy One (NDS1) to alleviate w...Published: 16 Nov 2021 at 05:44hrs | | by Staff reporter
48-hour water shedding for Bulawayo
THE Bulawayo City Council has introduced a two-day water shedding schedule for the entire city as power cuts continue to affect its water works.In a statement, the city's Town Clerk, Mr Christ...Published: 14 Nov 2021 at 05:40hrs | 11 | by Staff reporter
Glow Petroleum opens US$1,5m facility in Vic Falls
GLOW Petroleum has opened a US$1,5 million state-of-art fuel service station in Victoria Falls and has committed to ensuring quality supplies and enhancing the tourism business growth.The gara...Published: 11 Nov 2021 at 06:20hrs | 8 | by Staff reporter
IMF maintains positive outlook for Zimbabwe
THE International Monetary Fund (IMF) has maintained a positive growth trajectory outlook for Zimbabwe in 2021 of 5,1 percent largely supported by increased agricultural output, energy productio...Published: 14 Oct 2021 at 06:21hrs | | by Staff reporter
Viktor Sheiman's son secretly mines gold in Zimbabwe
IN March 2018, Viktor Sheiman, the then head of the Property Management Directorate of Belarusian President Alexander Lukashenko, paid an official visit to Zimbabwe where he and Mines minister Winston...Published: 09 Oct 2021 at 07:23hrs | 6 | by Staff reporter
Mr Cross's zeal with limited knowledge, a danger to macro-economic stability
Mr Eddie Cross's article titled "Challenges facing the foreign exchange auction" made a lot of casual reading amusement, especially for those amongst us uninitiated in the domain of macro-economic ana...Published: 31 Jul 2021 at 19:32hrs | 6 | by Jameson Dapi
RBZ forex auction system overwhelmed
THE Reserve Bank of Zimbabwe (RBZ)'s foreign currency auction system is overwhelmed as it struggles to meet growing demand, leading to a two-month delay in payment of successful bids.This has ...Published: 30 Jul 2021 at 07:29hrs | 6 | by Staff reporter
IMF projects 6% growth for Zimbabwe
THE International Monetary Fund (IMF) has predicted that Zimbabwe's economy will grow by 6% this year, but warned that uncertainty remains high and the outlook will depend on the Covid-19 pandemic's e...Published: 18 Jun 2021 at 13:07hrs | | by Staff reporter
Load More Stories
