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Chivayo must be in jail, not accompanying Mnangagwa
Matabeleland activists have denounced President Emmerson Mnangagwa for maintaining close ties with controversial businessman and ex-convict Wicknell Chivayo, saying Chivayo should be behind bars for r...Published: 14 May 2025 at 22:47hrs | 6520 | by Stephen Jakes
Mnangagwa's govt accused of Intellectual Property theft
Zimbabwe's government is embroiled in a heated dispute with Time Bank after the financial institution accused authorities of infringing on its intellectual property rights. The bank claims that govern...Published: 01 Feb 2025 at 14:03hrs | 2046 | by Staff reporter
Time ticking out for Mnangagwa
2025 is going to be a very busy year in Zimbabwe politically, socially, and economically.There are really fundamental concerns that are gaining centre stage in the political sector, to be spec...Published: 31 Jan 2025 at 16:08hrs | 2188 | by Leonard Koni
Chamisa says Mnangagwa must stop 2030
Zimbabwe's former opposition leader Nelson Chamisa says President Emmerson Mnangagwa must stop his 2030 plan to extend his rule beyond his 2028 second-term constitutional limit while subverting the co...Published: 18 Jan 2025 at 06:50hrs | 1187 | by Staff reportetr
Biti criticizes Zimbabwe's economic policies
Former finance minister Tendai Biti has strongly criticized the economic policies under the current administration, describing them as "fictitious" and blaming them for Zimbabwe's ongoing de-industria...Published: 14 Dec 2024 at 12:34hrs | 515 | by Staff reporter
Zimbabwe's GDP takes US$12bn knock
Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challe...Published: 14 Dec 2024 at 10:35hrs | 197 | by Staff reporter
Ramaphosa's ANC must not give us a mini-apartheid
In a powerful public pronouncement, ANC veteran Lindiwe Sisulu has called for a "Black Pact" alliance to counter the proposed coalition between the African National Congress and the Democratic Allianc...Published: 04 Jun 2024 at 07:36hrs | 5 | by Staff reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 2 | by Staff reporter
Zimdollar tormented by trust issues
FBC Securities, a leading securities firm, has highlighted that confidence in the local currency in Zimbabwe remains low due to historical volatility and value depreciation. Zimbabwe has faced currenc...Published: 23 Oct 2023 at 06:28hrs | 2 | by Staff reporter
Zimdollar remains volatile
LOCAL financial service firm Fincent Securities Private Limited (Fincent) says the Zimbabwe dollar has lost significant value since the announcement of the disputed election results.From the e...Published: 10 Sep 2023 at 09:00hrs | | by Staff reporter
Mnangagwa's Zanu-PF brings science into campaign?
Zanu-PF has said it will deliver a scientific campaign whose messaging will speak to realistic transformation of citizens' lives as articulated by President Mnangagwa at the launch of the party's camp...Published: 26 Jun 2023 at 06:48hrs | 1 | by Staff reporter
'Full dollarisation suicidal for Zimbabwe'
THE Reserve Bank of Zimbabwe (RBZ) has warned against full dollarisation as the economy battles exchange rate volatility which has triggered astronomical price hikes.In 2008, the country ditch...Published: 20 Jun 2023 at 18:39hrs | 1 | by Staff reporter
Chamisa's CCC moots paramilitary group with foreign help
THE opposition Citizens Coalition for Change (CCC) is contemplating setting up a paramilitary wing within its party's ranks ahead of the 2023 harmonised general elections in the name of "defending the...Published: 17 Jun 2022 at 08:18hrs | | by Staff reporter
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 20 | by Victor Bhoroma
Mthuli Ncube's economic projections unrealistic
ECONOMIC analysts have dismissed Finance minister Mthuli Ncube's inflation and economic growth forecasts as unrealistic as they did not factor in the rising global oil crisis and the country's gallopi...Published: 25 Mar 2022 at 06:03hrs | 1 | by Staff reporter
Mnangagwa's govt fears currency crisis may trigger social uprising
PRESIDENT Emmerson Mnangagwa's government is intensifying its sweeping crackdown on foreign currency traders in the volatile market amid growing fears of an exchange rate-driven economic meltdown, The...Published: 09 Oct 2021 at 07:24hrs | 2 | by Staff reporter
'Bring back ill-gotten wealth to get amnesty
THE Zimbabwe Anti-Corruption Commission (Zacc) has said people who may be in possession of ill-gotten wealth can surrender it and be granted amnesty.Speaking during the official opening of the...Published: 27 Sep 2021 at 06:17hrs | | by Staff reporter
Foreign investors line up new bank in Zimbabwe
A group of domestic and foreign investors has lodged an application with Zimbabwean authorities to roll out an investment bank, the first such institution since investment banks were toppled under the...Published: 10 Sep 2021 at 07:35hrs | 13 | by Staff reporter
Companies net $11bn in road deals
ZIMBABWE'S underfire construction industry has earned $10,7 billion through State-funded road rehabilitation and expansion projects since January, giving the sector respite after battling to forestall...Published: 02 Aug 2021 at 07:41hrs | | by Staff reporter
Illicit financial flaws daunt RBZ
THE central bank is facing a gigantic task in curbing illicit financial flows with exporters having devised complex ways of evading high retention thresholds as swap deals top the list of their illega...Published: 09 Jul 2021 at 12:09hrs | 2 | by Staff reporter
'Lands ministry haven for corruption cartels'
A GOVERNMENT investigation, whose preliminary findings have been submitted to President Emmerson Mnangagwa, has exposed rampant corruption at the Ministry of Lands, Agriculture, Water and Rural Resett...Published: 21 May 2021 at 06:08hrs | 7 | by Staff reporter
75% of Bulawayo's industrial plants idle
THE battle to reposition Bulawayo as the heartbeat of Zimbabwe's industries appears to be hitting a brick wall.Just when national manufacturing output is reportedly rising, Bulawayo's industri...Published: 21 Mar 2021 at 08:36hrs | 1 | by Staff reporter
Zimbabwe makes another U-turn on mines
GOVERNMENT on Tuesday reverted to Zimbabwe dollar-denominated mining fees, only a week after Mines minister Winston Chitando made wide-ranging reviews based in United States dollars.Chitando's...Published: 24 Feb 2021 at 21:46hrs | 6 | by Staff reporter
Mwonzora lashes toxic politics
OPPOSITION leader Douglas Mwonzora yesterday urged the country's political leaders to work in the interest of all Zimbabweans and emulate the spirit of magnanimity that was a hallmark of the late foun...Published: 15 Feb 2021 at 18:19hrs | 9 | by Staff reporter
Chammisa's MDC taunts 'Zanu-PF puppet' Mwonzora over national dialogue calls
Calls by MDC-T leader Douglas Mwonzora for an inclusive national dialogue to untangle Zimbabwe's deepening political and economic crisis have been met with derision by his rivals in the main oppositio...Published: 10 Feb 2021 at 18:45hrs | | by Staff reporter
Mnangagwa somersaults, returns to Mugabe policies?
ZIMBABWE'S mining industry has been gripped by fresh fears of capital flight after amendments contained in the Finance (No. 2) Bill empowered government to extend the scope of the sector reserved for ...Published: 31 Jan 2021 at 10:01hrs | 2 | by Staff reporter
Zimbabwe loses 30 tonnes gold to smuggling
ZIMBABWE has reportedly lost between 30 and 34 tonnes of gold which was smuggled to South Africa last year in a new wave of illicit financial flows (IFFs) that are affecting the country, the Zimbabwe ...Published: 03 Nov 2020 at 06:34hrs | 2 | by Staff writer
Zimbabwe govt pleads with sceptical investors over Victoria Falls bourse
FINANCE minister Mthuli Ncube has assured investors that they will be legally empowered to repatriate their earnings on the Victoria Falls Stock Exchange (VFSE).This comes in the wake of an es...Published: 02 Oct 2020 at 07:46hrs | 3 | by Staff reporter
The binding African spirit in challenging the Zimbabwean crisis
The Zimbabwe African Nationalist Union Patriotic Front is indebted to the steeped bona fide pan-Africanist spirit which facilitated the convening of the interparty dialogue with our sister revolutiona...Published: 10 Sep 2020 at 06:51hrs | 1 | by Dr Obert Mpofu
Multi-currency was a disaster
Government says multi-currency system created fiscal and monetary challenges, stunting economic growth and making most industries in Zimbabwe uncompetitive. Treasury permanent-secretary George...Published: 08 Jul 2019 at 08:31hrs | 1 | by Staff reporter
'Multi-currency stifled Zimbabwe economic growth'
THE use of the multi-currency system since 2009 stifled growth as the country could not utilise monetary instruments to stimulate economic activity, Finance and Economic Development Minister, Prof Mth...Published: 08 Jul 2019 at 07:57hrs | 1 | by Staff reporter
De-dollarisation fraught with risk
LATIN American countries such as Bolivia and Peru - like Zimbabwe did this week - once embarked on de-dollarisation without macro-economic stability and other necessary conditions, with the process en...Published: 30 Jun 2019 at 09:06hrs | | by Staff reporter
Introduction of Zimdollar a disaster
A major economic highlight of the week was the confirmation by the President Emmerson Mnangagwa that Zimbabwe will re-introduce a local currency before year-end. It is our view that our country is not...Published: 21 Jun 2019 at 07:48hrs | | by Dr Chitambara
4 'mysteries' of Zim'babwe's economic crisis
Zimbabwe continues to groan under the crushing weight of an economic disaster rapidly manifesting through hyper-inflation, capital flight and a crippling energy crisis, among other symptoms of economi...Published: 04 Jun 2019 at 07:12hrs | 2 | by Learnmore Zuze
Mutsvangwa pins parallel market financial distortions on Old Mutual
FORMER Presidential Advisor Ambassador Chris Mutsvangwa has blamed Old Mutual for causing parallel market financial distortions where the exchange rate has "inordinately" risen due to the Old Mutual I...Published: 24 May 2019 at 06:39hrs | 12 | by Staff reporter
The nexus between confidence and economic growth
A change in the Zimbabwean government in November 2017 was somewhat a confidence booster in the economy as the new administration announced business oriented policies and went on an overdrive to re-en...Published: 29 Apr 2019 at 08:45hrs | | by Victor Bhoroma
A look into Zimbabwe's tanking economy
The country's largest gold producer is on the brink of collapse because of government's warped foreign currency retention policy; the cost of bread has gone up, more than three times in hardly a month...Published: 21 Apr 2019 at 08:50hrs | 12 | by Staff reporter
South Africa to monitor Zimbabwe's economic affairs
IN an unprecedented move, Zimbabwe has agreed to allow South Africa - the continent's most developed economy and powerhouse - to sit in official Ministry of Finance meetings to oversee Harare's debt c...Published: 15 Mar 2019 at 17:15hrs | 2 | by Staff reporter
SA to sit in next critical Zimbabwe Treasury meetings
IN an unprecedented move, Zimbabwe has agreed to allow South Africa - the continent's most developed economy and powerhouse - to sit in official Ministry of Finance meetings to oversee Harare's debt c...Published: 15 Mar 2019 at 06:24hrs | 1 | by Staff reporter
Chronic investor mistrust dogs Zimbabwe
Zimbabwe continues to suffer from investor mistrust and capital flight, as analysts cite lingering curremcy risks, policy inconsistences, high inflation and socio-economic instability among the factor...Published: 14 Mar 2019 at 07:42hrs | 2 | by Staff reporter
Zimbabwe's new currency, a maxi-devaluation
Until February 20, Zimbabwe produced a quasi-currency. It was dubbed a "Zollar". On February 20, the quasi-currency became Zimbabwe's official currency. This new currency is called RTGS dollars and co...Published: 08 Mar 2019 at 07:13hrs | 11 | by Steve H Hanke
Mthuli Ncube pledges to tackle capital flight
FINANCE minister Mthuli Ncube on Monday pledged to support food and beverage manufacturer, Nestle Private Limited, as government desperately tries to contain capital flight.A large number of c...Published: 13 Feb 2019 at 08:40hrs | 7 | by Staff reporter
Sanctions must go: Zimbabwe's 2019 clarion call
On 21 December 2001 as the sun was directly overhead of the Tropic of Capricorn in the Southern Hemisphere during the December Solstice, President George W Bush of the United States of America sealed ...Published: 09 Jan 2019 at 13:36hrs | 3 | by Elijah Chihota
Wutawunashe petitions Trump over sanctions
On Friday Family of God leader Reverend Andrew Wutawunashe in partnership with National Elders Forum today launched an anti-sanctions initiative dubbed Faith for the Nation Campaign....Published: 16 Nov 2018 at 15:10hrs | 1 | by Mandla Ndlovu
Mnangagwa's command policies spark off market turmoil
GOVERNMENT'S commandist strategy to contain currency volatility and the rising tide of price increases ravaging Zimbabwe are likely to worsen an economic crisis that has persisted for decades while da...Published: 26 Oct 2018 at 08:25hrs | 1 | by Staff reporter
It's not all doom for Zimbabwe; We just need to be honest with ourselves
AS a new chapter of our country's political landscape is slowly unfolding; it is also a time for self-introspection.There comes a time as a people where we need to be honest with ourselves, be...Published: 12 Sep 2018 at 07:36hrs | 1 | by Terrence Muvoti
Tendai Biti pledges sanctions on Zimbabwe
MDC-Alliance principal, who is also leader of the Peoples' Democratic Party, Tendai Biti, has once again pledged that Zimbabwe should be subjected to sanctions following ZANU-PF's victory in the just-...Published: 09 Aug 2018 at 07:32hrs | 1 | by Staff reporter
Zimbabwe cash crisis solution
A Zimbabwean man shows off new bond notes outside a bank in Harare on November 28, 2016. Picture: Philimon Bulawayo/ReutersPursuant to the adoption of the multicurrency system in Zimbabwe unti...Published: 27 Jul 2018 at 15:27hrs | 3 | by Colls Ndlovu
Research firm warns Zimbabwe
Failure to hold free, fair and credible election next month will drive away investors, a leading research firm has warned.Zimbabwe will hold a make or break harmonised elections on July 30, wi...Published: 29 Jun 2018 at 07:52hrs | | by Staff reporter
Cash shortages now Zimbabwe's major election issue
The leader of Zimbabwe main opposition party, Nelson Chamisa, alighted from his car, grabbed a microphone and made a bold promise to scrap bond notes if he wins the July 30 presidential election to st...Published: 24 Jun 2018 at 16:27hrs | | by Staff reporter
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