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EU could face gas shortages
The European Union's gas supplies could be at risk this winter due to increasing reliance on liquefied natural gas (LNG) as a replacement for Russian pipeline gas, the Financial Times wrote on Thursda...Published: 07 Nov 2024 at 16:00hrs | 551 | by Staff reporter
Doji Candle: Understanding Its Role in Trading
The Doji candle stands out as one of the most intriguing candlestick patterns used by traders, offering a window into the market's state of uncertainty. It frequently appears during moments when buyer...Published: 09 Oct 2024 at 13:17hrs | 341 | by Staff Reporter
Mzembi sheds light on Chris' explosive outbursts in cabinet
FORMER Foreign Affairs and Tourism minister Walter Mzembi has shed some light and insight on how fired War Veterans minister Chris Mutsvangwa behaved in cabinet meetings during the late former preside...Published: 05 Feb 2024 at 18:35hrs | | by Staff reporter
Mutsvangwa's shock sacking details emerge
Former Foreign Affairs and Tourism minister Walter Mzembi has shed some light and insight on how fired War Veterans minister Chris Mutsvangwa behaved in cabinet meetings during the late former preside...Published: 04 Feb 2024 at 18:57hrs | | by Staff reporter
Probity warrants reinstatement of unduly recalled MPs
GOOD day, President Emmerson Mnangagwa. Your Excellency, throughout history, true greatness of presidents has always been measured by the probity with which they stand up for the common good during tr...Published: 27 Dec 2023 at 07:28hrs | 10 | by Cyprian M Ndawana
Bosso form gives Masomere sleepless nights
LUKE MASOMERE is having sleepless nights in the resort town of Kariba as he braces for his toughest task since returning to the Premiership dugout. Masomere, a veteran gaffer who coached Hwang...Published: 03 Aug 2023 at 18:55hrs | 11 | by Staff reporter
Barbourfields, the new theatre of dreams
IT is an abomination that might cause the likes of George Shaya, Gift "Ghetto" Mpariwa, Shacky Tauro and Joel "Jubilee" Shambo to turn in their graves.But that is the reality on the ground....Published: 02 Jul 2023 at 07:41hrs | 6 | by Staff reporter
Mnangagwa pledges economic revival as election campaign kicks off
Zimbabwean President Emmerson Mnangagwa vowed to do "what we can to remain in power", promising to revive an economy that has collapsed under his watch as he launched his bid for a second five-year te...Published: 26 Jun 2023 at 06:54hrs | 1 | by Staff reporter
President Ruto asks Africans to ditch the US Dollar
President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar by signing up to a pan-African payments system to facilitate trade within the conti...Published: 30 May 2023 at 22:32hrs | | by Erick Matotoba
Edd Branson mobilises $100 million for African telecoms sector
Zimbabwean businessman and investor Edd Branson has entered the mobile telecommunications space with a 100 million fund to buy equity in African GSM operators.Branson and his consortium are ey...Published: 11 May 2023 at 06:58hrs | | by Nkululeko Nkomo
Air Zimbabwe boss bullish after shock return
AIR Zimbabwe (AirZim) acting chief executive officer (CEO) Edmund Makona this week opened up about his plan for the troubled carrier, saying a massive revamp would be underway soon to save the busines...Published: 06 May 2023 at 06:36hrs | 1 | 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
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 | | by Staff reporter
Reserve Bank of Zimbabwe bullish on inflation
THE Reserve Bank of Zimbabwe (RBZ) yesterday remained bullish that month-on-month inflation will remain stable below 3% throughout next year, despite indications last week that the country will use de...Published: 06 Dec 2022 at 05:03hrs | | by Staff reporter
Mthuli Ncube slashes Zimbabwe growth estimates to 4%
SOFTENING commodity prices on the international market have forced Zimbabwe's Treasury to cut economic growth projections for this year to 4% from 4.5% as the government's ambitious plan to build an u...Published: 27 Nov 2022 at 14:57hrs | | by Staff reporter
Storm brews over Zupco top post
ACTING Zimbabwe United Passenger Company (Zupco) chief executive officer Evaristo Mudangwa's prospects of being appointed substantive CEO is under threat following indications that the state-owned fir...Published: 19 Nov 2022 at 06:34hrs | | by Staff reporter
Fortune seekers descend on Mberengwa in Zimbabwe lithium rush
THE country's policies are once again in the spotlight after more than 5 000 artisanal miners and fortune seekers, including foreigners, mainly of Chinese origin, have descended on the former Sandawan...Published: 04 Nov 2022 at 05:37hrs | | by Staff reporter
Tough time ahead for 'zvakarongeka' Ncube
EARLY last year Finance and Economic Development minister, Mthuli Ncube made the infamous statement "zvakarongeka", loosely translating to "all is in order" as far as the country's financial reserves ...Published: 27 Oct 2022 at 06:13hrs | 9 | by Staff reporter
Zimbabwe is ripe for investment - it just needs to be done the right way
The massive surge in diaspora remittances to Zimbabwe - up to $1.4 billion last year - makes for an interesting case study of an economy significantly different from others. Not many countries can loo...Published: 27 Jul 2022 at 13:01hrs | 1 | by Agencies
Moti Group bullish on Zimbabwe prospects
MOTI Group will double its production by 100% to 20 000 tonnes of chrome in the next two months from the current 10 000 tonnes as the diversified mining group targets a blitzkrieg in mineral productio...Published: 03 Jun 2022 at 19:15hrs | | by Staff reporter
Mnangagwa's govt bullish on Zupco viability
THE government is bullish on the profitability and viability prospects of the Zimbabwe United Passengers Company (Zupco) following the opening up of the public transport sector to private players....Published: 21 May 2022 at 18:27hrs | 5 | by Staff reporter
Professor Ncube says lending ban to prick the bubble
The ban on bank lending announced by President Mnangagwa at the weekend to ward off attacks on the Zimbabwe dollar, stabilise the exchange rate and rein in on rising inflation, is only a temporary mea...Published: 12 May 2022 at 06:27hrs | 1 | by Staff reporter
Cross-border grocery shopping trips decline
THE number of locals travelling to neighbouring countries such as South Africa and Botswana to buy groceries has considerably gone down following a steady rise in capacity utilisation in the local man...Published: 05 May 2022 at 07:10hrs | | by Staff reporter
Bosso bullish ahead of BF blockbuster
HIGHLANDERS coach Mandla "Lulu" Mpofu is full of confidence ahead of the Bulawayo derby against Chicken Inn at Barbourfields Stadium (BF) tomorrow.Despite his side sitting on a 10th on the log...Published: 30 Apr 2022 at 16:16hrs | 1 | by Staff reporter
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 12 Apr 2022 at 16:50hrs | 2 | by Victor Bhoroma
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 01 Apr 2022 at 12:34hrs | 1 | by Victor Bhoroma
Russia optimistic on Zimbabwe investments despite war
RUSSIA is bullish about its investment prospects in Zimbabwe despite the current economic restrictions triggered by the ongoing special military operation in Ukraine by Russia. The Zimbabwe Independen...Published: 25 Mar 2022 at 17:58hrs | 2 | by Staff reporter
Chamisa tells Mnangagwa to 'step down now'
BULLISH Citizens Coalition for Change (CCC) president Nelson Chamisa says time is ripe now for President Emmerson Mnangagwa to step down.He said this while addressing a copious crowd at Rujeko...Published: 21 Mar 2022 at 06:43hrs | 6 | by Staff reporter
Mighty Warriors fall at home
Zimbabwe 1 - 3 BotswanaMIGHTY Warriors coach Sithetheliwe "Kwinji 15" Sibanda admitted it is going to be a tall order to qualify for the Africa Women Cup of Nations after her troops made defensive...Published: 19 Feb 2022 at 18:30hrs | | by Staff reporter
'Chamisa Chete Chete is unstoppable'
A BULLISH Nelson Chamisa has declared his new political outfit, the Citizens Convergence for Change (CCC) is an unstoppable juggernaut which will give Zanu-PF a good run for power in the 2023 general ...Published: 25 Jan 2022 at 05:49hrs | 1 | by Staff reporter
Zanu-PF tells US to move with the times
INSTEAD of poking its nose in the country's democratic and electoral processes, the United States should take full advantage of the engagement and re-engagement drive extended by the Second Republic t...Published: 20 Jan 2022 at 05:33hrs | 1 | by Staff reporter
Kasukuwere shown middle finger by Zanu-PF
PRESIDENT Mnangagwa does not need the support of "moonlighting" and "failed" politicians to lead Zanu-PF to a thunderous victory in the upcoming by-elections and in the 2023 harmonised elections as he...Published: 18 Jan 2022 at 05:30hrs | | by Staff reporter
Mnangagwa's call to polls rattles opposition parties?
PRESIDENT Mnangagwa has proclaimed March 26 as the day for holding by-elections to fill vacant Parliament and council seats, a move welcomed by the country's major political parties.The Nomina...Published: 07 Jan 2022 at 05:56hrs | 6 | by Staff reporter
Stability, development attract top investors
ZIMBABWE's stable macro-economic environment and massive infrastructure development, has helped attract the world's top 500 firms to invest in various sectors of the economy.The stability of t...Published: 14 Dec 2021 at 05:45hrs | 7 | by Staff reporter
Zimbabwe hunt puts oil barons' capacity to the test
THE Australian firm exploring for gas and petroleum resources in Zimbabwe's Muzarabani district this week said the quality of data coming out of swathes of their claims in the Zambezi Valley had surpa...Published: 08 Nov 2021 at 05:27hrs | 5 | by Staff reporter
Black market records steepest annual rise
THE parallel market exchange rate rocketed by 27% during the third quarter (3Q) of this year, marking its steepest ever growth in one year, researchers at Inter Horizon Securities (IH) said at the wee...Published: 18 Oct 2021 at 06:30hrs | | by Staff reporter
Mthuli Ncube sees potential for 'diaspora remittances' via Blockchain
ZIMBABWE'S central bank frowns at digital currency and previously ordered all banks to stop processing transactions involving digital currencies, such as BTC and other altcoins in 2017.They te...Published: 17 Oct 2021 at 09:11hrs | 9 | by Agencies
'US$500m changing hands outside banks'
ABOUT US$500 million could be circulating outside Zimbabwe's banking system, Reserve Bank of Zimbabwe (RBZ) estimates showed last week, as industries said they had raised only a fraction of billions r...Published: 08 Oct 2021 at 19:03hrs | 7 | by Staff reporter
China sees third force in huge outcry over its Zimbabwe activities
Zimbabweans must learn from the pastIT has been clear since radical currency reforms were effected in February 2019 that inflation, along with the parallel market exchange rate would derail prospe...Published: 08 Oct 2021 at 19:01hrs | 5 | by Staff reporter
Authorities unleash sweeping crackdown on forex market
IN a renewed bid to contain the runaway foreign exchange rate - now trading at double the official rate around US$1: ZW$170 - the government has launched a fierce crackdown on currency traders in a mu...Published: 03 Oct 2021 at 08:19hrs | 7 | by Staff reporter
Reserve Bank panics as exchange rates spiral
MONETARY authorities revised annual inflation targets upwards on Monday before lining up a sea of fresh policy proposals to government, as they scurried to stem a "worrisome" surge in parallel market ...Published: 01 Oct 2021 at 08:02hrs | | by Staff reporter
Strive Masiyiwa to open 10 mega data facilities
Liquid Intelligent Technologies has opened its fifth mega data center in South Africa, as it doubles down on its continental leadership in the growing data centers sector, where it is targeting to bui...Published: 30 Sep 2021 at 21:27hrs | 1 | by Staff reporter
Mthuli Ncube to launch US$ bond on VFEX
WITH the Victoria Falls Stock Exchange (VFEX) being one of the innovation reforms meant to support the process of financial deepening, Government is working on launching a US$ bond and list it on the ...Published: 05 Sep 2021 at 06:58hrs | | by Staff reporter
2021 Mid Term Monetary & Budget analysis
The latest mid-term budget and monetary policy statements were presented in a low key mode with emphasis on avoiding policy shocks that can rock the economy. The Zimbabwean government revised upwards ...Published: 01 Sep 2021 at 15:30hrs | | by Victor Bhoroma
Senegal get Warriors warning
FORMER Senegal defender Ferdinand Coly has warned his country against underrating Zimbabwe ahead of the 2022 Africa Cup of Nations (Afcon) finals next year.Senegal were pooled with Zimbabwe, G...Published: 23 Aug 2021 at 06:50hrs | | by Staff reporter
'Zimbabwe's retailers deserve a wage subsidy'
WHILE government was bullish in the midterm fiscal policy and revised upwards gross domestic product (GDP) growth projections for 2021 from 7,4% initially projected in November last year to 7,8%, grow...Published: 22 Aug 2021 at 08:01hrs | | by Staff reporter
Supermarkets doomed after $120bn snub
SEVERAL measures being deployed by government to rebuild the economy may be doomed unless they are twinned with policies that boost spending power, the Confederation of Zimbabwe Retailers (CZR) said, ...Published: 19 Aug 2021 at 06:33hrs | | by Staff reporter
Zimbabweans thrown into fresh misery
ZIMBABWE ANS were yesterday thrown into fresh misery after Finance minister Mthuli Ncube stuck to his anti-people policies announced in the 2021 National Budget last November, saying he would not revi...Published: 30 Jul 2021 at 07:48hrs | 3 | by Staff reporter
Companies struggle to raise US$2 billion
ZIMBABWE'S manufacturing companies have struggled to raise about US$2 billion in fresh capital to drive production back to pre-crisis levels, industry data indicated this week, as executives warned th...Published: 23 Jul 2021 at 08:53hrs | | by Staff reporter
Zimbabwe forex rules 'a tragedy of good intentions'
LAST week's promulgation of Statutory Instrument 127 of 2021, which penalises issuance of local currency receipt for foreign currency purchases and pricing goods above the official auction rate, among...Published: 06 Jun 2021 at 09:59hrs | 2 | by Staff reporter
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