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Zimbabwe authorities step up crackdown on smuggled goods
The Zimbabwean government has ramped up efforts to combat smuggling and the influx of counterfeit goods as part of a broader strategy to protect domestic industries and enhance their competitiveness....Published: 15 Dec 2024 at 09:11hrs | 440 | by Staff reporter
Zimbabwe's banking sector sees surge in US dollar deposits
Zimbabwe's banking sector has experienced a remarkable increase in confidence, with foreign currency deposits rising by 13% to US$2.64 billion in October 2024, compared to the same period in 2023. Thi...Published: 14 Dec 2024 at 12:35hrs | 2179 | by Staff reporter
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 18 May 2024 at 12:38hrs | 16 | by Staff reporter
Zimpapers makes editorial changes
State-controlled media organisation Zimpapers, publishers of The Herald, The Chronicle, The Sunday Mail, Sunday News, Manica Post, H-Metro, B-Metro, Business Weekly, Kwayedza and uMthunywa, has made e...Published: 04 Mar 2024 at 19:46hrs | 1 | by Staff reporter
Zimpapers set to announce editorial changes
THE country's oldest and biggest state-controlled media publishing house, Zimbabwe Newspapers (1980) Limited (Zimpapers), will on Monday announce new editorial changes following the recent appointment...Published: 02 Mar 2024 at 19:55hrs | 2 | by Staff reporter
Grain millers condemn Zimbabwe's improperly bred wheat variety
An investigation has been launched into concerns raised by local grain millers over the quality of wheat reportedly produced from an improperly bred variety, it has been learnt.Alarmed by the ...Published: 03 Dec 2023 at 19:01hrs | 12 | by Staff reporter
Zimbabwe to woo capital markets investors in London
ZIMBABWEAN government officials and corporate leaders are gearing for a major capital markets conference in London, United Kingdom, during the last week of next month to mobilise private capital to fi...Published: 08 Mar 2023 at 05:27hrs | | by Staff reporter
Mthuli Ncube to headline London Zimbabwe capital markets conference
Finance and Economic Development Minister, Professor Mthuli Ncube, is next month expected to headline the Zimbabwe Capital Markets conference in London which seeks to showcase the opportunities and br...Published: 06 Mar 2023 at 05:14hrs | 2 | by Staff reporter
John Tallach reigns supreme at high schools quiz
JOHN Tallach High school from Matabeleland North province, came out tops in the inaugural Capital Markets high schools quiz competition held in Harare yesterday.The quiz show was organised by ...Published: 17 Sep 2022 at 06:42hrs | 3 | by Staff reporter
Innscor fined US$9m, ordered to divest from Probrands
THE Competition and Tariff Commission (CTC) imposed a fine of US$9,1 million on Innscor Africa Limited (Innscor) for consummating the merger of one of its subsidiaries without the Commission's approva...Published: 26 Jun 2022 at 12:26hrs | 21 | by Staff reporter
Soda Zhemu warns power outages will persist until ZESA charges 'viable tariff'
Energy minister Soda Zhemu says power cuts will persist because Zimbabwe's electricity is too cheap, a situation he says is pushing "unproductive" demand by domestic customers.Zhemu is support...Published: 14 Mar 2022 at 20:39hrs | 1 | by Staff reporter
Fuel prices go up
THE price of fuel in Zimbabwe, like in most parts of the world, has shot up due to tensions in Eastern Europe, resulting is some garages selling petrol as much as US$1.60 per litre.The Zimbabw...Published: 06 Mar 2022 at 08:21hrs | | by Staff reporter
Government targets 26,6% renewable power
THE Government is targeting a renewable energy installed capacity of 26, 5 percent of total output from domestic power generation by 2030, a senior official has said.Secretary for Energy and P...Published: 03 Feb 2022 at 05:36hrs | 1 | by Staff reporter
Transport costs choke coal exporter
Despite a huge market potential for thermal coal in the region, local miners are finding it hard to export due to excessive costs of transportation, senior industry executives have said.Recent...Published: 13 Dec 2021 at 06:59hrs | 13 | by Staff reporter
'2% tax won't go away soon'
FINANCE and Economic Development Minister Professor Mthuli Ncube says the Government will review the intermediated money transfer tax (IMTT), commonly known as two percent tax, but this will not happe...Published: 12 Dec 2021 at 19:56hrs | 7 | by Staff reporter
Zimbabwe to import 400MW to bridge power deficit
STATE power utility, Zesa Holdings, intends to import up to 400 megawatts from Mozambique and Zambia as part of measures to end a debilitating power crisis, a senior executive said.This comes ...Published: 15 Nov 2021 at 05:20hrs | 9 | by Staff reporter
Inside the forex cul-de-sac
THE Reserve Bank of Zimbabwe (RBZ) will this week meet large producers and retail outlets to discuss rampant black market pricing of goods that has gripped the nation, and threatening to erode stabili...Published: 10 Oct 2021 at 06:34hrs | 2 | by Staff reporter
Zimbabwe coal miners get nod to export excess stock
Zimbabwe's coal producers have obtained temporary permits to export excess stock of power coal that have piled up due to low uptake by the Zimbabwe Power Company (ZPC).Frequent breakdowns at Z...Published: 01 Oct 2021 at 07:52hrs | 10 | by Staff reporter
'Banks troop back into Zimbabwe agric funding'
GOVERNMENT has announced a fresh plan to attract banks into funding agricultural production, with draw-downs from the recently released International Monetary Fund Special Drawing Rights (SDRs) being ...Published: 03 Sep 2021 at 06:57hrs | 15 | by Staff reporter
Mines troop to VFEX
GOVERNMENT says several mining firms have indicated plans to list on Zimbabwe's year-old bourse, the Victoria Falls Stock Exchange (VFEX).VFEX, which exclusively trades in foreign currency, ha...Published: 03 Sep 2021 at 06:51hrs | 2 | by Staff reporter
Gold incentives lift output
INCENTIVE schemes announced early this year to boost gold deliveries to the State-run Fidelity Printers and Refiners (FPR) have bolstered shipments into the formal market, Reserve Bank of Zimbabwe (RB...Published: 25 Aug 2021 at 06:43hrs | 1 | by Staff reporter
Forex backlog to be cleared in one month
The Government - through the Reserve Bank of Zimbabwe (RBZ) - intends to clear the foreign currency backlog at the auction system within a month-and-a-half, Secretary for Finance Geo...Published: 09 Aug 2021 at 07:33hrs | | by Staff reporter
Media should be apolitical, says Trevor Ncube
THE media should not be aligned to political parties and it should serve the best interest of the country, Alpha Media Holdings (AMH) chairman Trevor Ncube has said.Speaking at the Zimbabwe In...Published: 13 May 2021 at 06:56hrs | 9 | by Staff reporter
Zimbabwean banks in strong position to fund economy
Fundamentals in the financial services sector have improved over the past few years, with the sector poised to bankroll local economic activity, the central bank has said.Bank failures that pl...Published: 09 May 2021 at 08:01hrs | | by Staff reporter
Govt probes fuel companies
THE government has ordered a probe into oil companies accused of abusing a Reserve Bank of Zimbabwe (RBZ) foreign currency facility that allows them to secure fuel - but which they are now allegedly s...Published: 22 Mar 2021 at 15:40hrs | 8 | by Staff reporter
Mnangagwa okays salaries for Provincial Council staffers
President Mnangagwa has approved the payment of salaries for Provincial Council members as part of efforts to implement the devolution agenda. Addressing delegates during the Business Weekly M...Published: 31 Aug 2019 at 18:29hrs | 2 | by Staff reporter
SMM to resume asbestos exports
Awakening asbestos mining giant Shabanie Mashaba Mines (SMM) is set to resume chrysotile asbestos fibre exports for the first time in over a decade as Government's master plan to revive the mine begin...Published: 25 Aug 2019 at 08:38hrs | 3 | by Staff reporter
PSMAS risks rejection by healthcare providers
GOVERNMENT has committed to settle its debt to Premier Service Medical Aid (PSMAS), running into millions of dollars, but its failure to pay the health insurer could jeopardise access to health servic...Published: 09 Aug 2019 at 08:01hrs | 1 | by Staff reporter
Zesa seeks 9-fold tariff hike
Zesa wants to convert its old 9,83 cent kilowatt hour to RTGS dollars at the interbank rate, a near 9-fold increase to almost $1 a unit.Zesa is seeking Government approval for customers to pay...Published: 26 Jul 2019 at 09:02hrs | | by Staff reporter
Zesa says deal with Eskom close
State power utility Zesa has commenced commercial discussions with South Africa's, Eskom, with a view to resume imports and plug a crippling power deficit.Zesa used to supplement a far less po...Published: 26 Jul 2019 at 08:43hrs | | by Staff reporter
Trevor Ncube's AMH fails to pay workers their June salaries
Struggling newspaper company Alpha Media Holdings has failed to pay workers for the month of June, ZimLive reported.Staff at the media company owned by President Emmerson Mnangagwa's adviser T...Published: 25 Jul 2019 at 09:34hrs | | by ZimLive
'Mission: Zanu PF realise link between Z$, knowledge and production' - how, when only they know best
Last month the Mnangagwa government enacted the Statutory Instrument 142 (2019) in which the regime banish the use of the basketful of multi-foreign currencies as legal tender in Zimbabwe leaving the ...Published: 19 Jul 2019 at 19:46hrs | 2 | by Wilbert Mukori
Paynet, banks impasse slows billions
AN irretrievably broken down relationship between banks and Paynet Zimbabwe, which until June this year was Zimbabwe's sole bulk payments enabler, may have significantly cut down turnaround time for t...Published: 19 Jul 2019 at 07:52hrs | | by Staff reporter
IMF welcomes Mthuli Ncube's monetary reforms
The International Monetary Fund (IMF) says the latest reforms announced by both the Ministry of Finance and Economic Development through SI 142 of 2019 and the Reserve Bank of Zimbabwe through exchang...Published: 05 Jul 2019 at 07:49hrs | 1 | by Staff reporter
Honour Treasury Bills, banks plead
Not honouring Treasury Bills (TBs) maturities will have far reaching adverse consequences on the entire banking sector and the rest of the economy than honouring them, according to local banks' propos...Published: 05 Apr 2019 at 07:07hrs | | by Staff reporter
Mthuli Ncube gets tough on domestic debt
The era of reckless spending by line ministries and public entities is over as Government has started operationalising the Public Debt Management Regulations, 2019 that are meant to curb the country's...Published: 05 Apr 2019 at 07:07hrs | 1 | by Staff reporter
Zimbabwe fuel consumption declines
The consumption of diesel and petrol plunged by almost 1,5 million litres and 1,8 million litres per day respectively between January and February this year, compared to previous months on the back of...Published: 28 Mar 2019 at 23:42hrs | | by Staff reporter
Zimbabwe money transfer agencies to import own notes
Zimbabwean money transfer agencies face increasing problems in meeting their customer obligations owing to the termination of correspondent-bank arrangements between local banks and international fina...Published: 22 Feb 2019 at 10:29hrs | | by Staff reporter
Zimpapers hike Herald and Chronicle prices by 100%
Zimbabwe Newspapers (1980) Ltd has with immediate effect reviewed the cover prices of its eleven newspapers as it seeks to weather the current economic storm, ...Published: 11 Feb 2019 at 13:19hrs | 7 | by Staf reporter
'Zimbabwe to introduce domestic currency'
Zimbabwe will reintroduce domestic currency only when conditions are ripe and critical economic fundamentals are in place since using the US dollar as an anchor currency is now unsustainable, accordin...Published: 08 Feb 2019 at 09:04hrs | | by Business weekly
Mnangagwa warns businesses against price increases
Fuel prices more than doubled at midnight on Sunday following a shock announcement by President Emmerson Mnangagwa.A litre of petrol is now $3,31, up from $1,38 while diesel is now selling for...Published: 13 Jan 2019 at 08:33hrs | | by ZimLive
August violence scared away billions of dollars investments - rubbish, vote rigging did that
"The violent post-election demonstrations that rocked Harare and some parts of the country in August this year, may have heightened investment risk for Zimbabwe and scared away billions of dollars wor...Published: 22 Dec 2018 at 08:11hrs | | by Patrick Guramatunhu
Zimbabwe may lose out on Chinese funds
China, a comprehensive strategic partner of Zimbabwe, feels its debt stricken ally has moved slowly towards seizing funding opportunities Beijing pledged at this year's Forum for China-Africa Co-opera...Published: 30 Nov 2018 at 09:24hrs | 1 | by Staff reporter
Chinamasa refuses to meet World Banks officials
THE World Bank is making efforts to meet former Finance and Economic Development Minister and ZANU-PF secretary for finance Patrick Chinamasa to discuss "critical economic issues" according to a repor...Published: 09 Nov 2018 at 16:57hrs | 1 | by Staff reporter
'Rushed currency reform could harm Zimbabwe economy'
Rushing to implement currency reforms without sufficient stocks of foreign currency to back up the transition would have serious adverse effects on Zimbabwe's economy, which would cause suffering of c...Published: 09 Nov 2018 at 06:22hrs | 3 | by Staff reporter
RBZ mulls forex interbank market
The directive by the Reserve of Zimbabwe (RBZ) early last month for banks to separate foreign currency accounts (nostros) and Zimbabwe's surrogate currency (bond notes/RTGS) balances, was part of init...Published: 02 Nov 2018 at 06:33hrs | | by Business Weekly
Ncube begging USA to lift ZIDERA to unblock funding - not until ED steps down, he rigged elections
A few weeks ago Zimbabwe's Minister of Finance, Mthuli Ncube joined the IMF, WB, Paris Club, ADB, etc. meeting in Bali Indonesia. He told the nation all the world's big financial institutions had "res...Published: 19 Oct 2018 at 17:01hrs | | by Nomusa Garikai
Mnangagwa caps 1 567 Chinhoyi University of Technology graduates
President Mnangagwa yesterday capped 1 567 graduates at Chinhoyi University of Technology (CUT). In his address at the institution's 14th graduation ceremony, Vice Chancellor Professor David Simbi sai...Published: 06 Oct 2018 at 08:12hrs | 1 | by Staff Reporter
Zimbabwe resumes diamond auction
Zimbabwe resumed diamond auction last week, but attracted fewer international buyers than expected, the Minerals and Marketing Corporation of Zimbabwe said. The auction - the third to be condu...Published: 10 Sep 2018 at 06:29hrs | | by Staff reporter
New hotel facility for Harare CBD
Zimbabwe's capital city is set for a major facelift, in view of plans by a yet to be named developer expected to construct a multi-use complex in Harare's central business district (CBD). The ...Published: 07 Aug 2018 at 07:11hrs | 1 | by Staff reporter
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