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Investment still hampered by business climate
Foreign Direct Investment (FDI) into Zimbabwe remains very low, with the latest central bank monetary policy stating that the country received a meagre US$22.35 million in the first half of 2021. In 2...Published: 8 hrs ago | 78 | by Victor Bhoroma
Stanbic Bank facilitates the USD 21.6 M sprucing up of the Beitbridge Border Post
Harare, 20 October 2021: Stanbic Bank and its parent company, Standard Bank Group recently availed a USD21.6 million loan facility for the sprucing up of the Beitbridge Border Post and its environs....Published: 9 hrs ago | 339 | by Agencies
'Offshore centre plans on track'
FINANCE minister Mthuli Ncube says Zimbabwe has made significant strides in its quest to set up an offshore financial services centre in Victoria Falls.He said a planned commodities exchange w...Published: 19 Oct 2021 at 06:28hrs | 130 | by Staff writer
US$1,5 billion circulating in black market, says RBZ
FRESH evidence of plummeting confidence in Zimbabwe's banking sector has emerged, with central bank deputy chief Kuphukile Mlambo saying up to US$1,5 billion could be exchanging hands outside formal b...Published: 17 Oct 2021 at 09:08hrs | 1371 | by Staff reporter
Miss Rural pageant in false start
THE annual Zanu-PF national conference has forced the Mr and Miss Rural pageant for Matabeleland South province to be postponed with organisers saying sponsors and partners were tied up preparing for ...Published: 17 Oct 2021 at 09:08hrs | 242 | by Staff reporter
Zimbabwean bankers sweat over forex crackdown
Zimbabwean bankers are fretting over compliance with government directives to root out "illegal foreign currency dealings, with the country's biggest bank, CBZ, cautioning its employees against facili...Published: 17 Oct 2021 at 09:05hrs | 1001 | by Staff reporter
Chamisa's Life is in danger
About 200 ZANU-PF sponsored youth and women were baying for Chamisa and his team's blood on their way to meet the people of Masvingo community in chief Charumbira area yes 10/10/2021.The same ...Published: 16 Oct 2021 at 18:31hrs | 1874 | by Nobukhosi Moyo
Bulawayo City Council to pipe pre-paid gas to homes
BULAWAYO City Council (BCC) will now install pre-paid gas meters in new residential areas under a piped gas reticulation system, as the local authority seeks alternative revenue streams as demand for ...Published: 15 Oct 2021 at 20:21hrs | 1560 | by Staff reporter
Zimbabwe to lose out on loans
ZIMBABWE is set to miss out on a multi-million-dollar fund for countries sharing the Zambezi watercourse because of its external debt estimated at US$10,5 billion.The funds will be disbursed t...Published: 15 Oct 2021 at 20:20hrs | 825 | by Staff reporter
Govt will keep digging in on currency
IN the week under review the Zimbabwean dollar (Zimdollar) swept past the psychological 1:90 mark. The local unit has been losing ground against the United States dollar on a weekly basis, for 24 stra...Published: 15 Oct 2021 at 20:20hrs | 170 | by Respect Gwenzi
Stanbic Bank donates matresses, blankets and pillows for children's home
Stanbic Bank has donated 11 mattresses, 22 blankets and 11 pillows to Wings of Hope Children's Home in Houghton Park, southern Harare, in keeping with its commitment to meet the needs of underprivileg...Published: 15 Oct 2021 at 18:30hrs | 92 | by Agencies
Industry in fresh push for bailout
ZIMBABWE'S manufacturing sector has escalated its push for State-assisted bailout packages to stem a blazing crisis precipitated by the COVID–19 pandemic, a deteriorating foreign currency crisis and...Published: 15 Oct 2021 at 06:21hrs | 153 | by Staff reporter
Can Caterpillars Save Us?
For as long as anyone can remember, mopane worms have provided a critical source of nutritional and financial sustenance for Zimbabweans, especially in the country's southernmost provinces.In ...Published: 14 Oct 2021 at 19:24hrs | 939 | by Fortune Moyo
Zanu-PF Manicaland fights: 20 arrested
POLICE yesterday arrested 20 Zanu-PF supporters in Manicaland province following intraparty violence.National police spokesperson Assistant Commissioner Paul Nyathi said: "The Zimbabwe Republi...Published: 12 Oct 2021 at 06:01hrs | 1373 | by Staff reporter
Zimbabwe soccer referees crying foul
The Zimbabwe Football Association (ZIFA) is alleged being accused of gross incompetence, mismanagement and laundering of Fifa funds meant for the development of the local game by some aggrieved local ...Published: 10 Oct 2021 at 18:20hrs | 1412 | by Leonard Koni
Zera dismisses Zimdollar fuel hoax
THE Zimbabwe Energy Regulatory Authority (zera) has not designated any service station to sell fuel exclusively in Zimbabwe dollars, contrary to reports circulating on social media.In a statem...Published: 10 Oct 2021 at 06:36hrs | 458 | by Staff reporter
Sustainable reforms now key to foreign exchange market
The Reserve Bank of Zimbabwe (RBZ) recently announced that it is on course to clear the backlog of foreign exchange auction allotments which date back to as far as three months and amounting to about ...Published: 08 Oct 2021 at 19:03hrs | 245 | by Victor Bhoroma
Zimdollar market correction
A MAJOR highlight of this week's auction is the magnitude of currency depreciation. The Zimbabwean dollar (Zimdollar) weakened by the highest weekly margin since the beginning of the year, a strong si...Published: 08 Oct 2021 at 19:03hrs | 295 | by Respect Gwenzi
'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 | 778 | by Staff reporter
Big Zimbabwean companies are fingered in forex fiddle
TOP executives and directors from up to 20 big companies face imminent arrest following a Reserve Bank of Zimbabwe (RBZ) investigation into massive multi-million-dollar fraud involving the country's f...Published: 08 Oct 2021 at 18:58hrs | 875 | by Staff reporter
Trust gets US$5million, collapses in 3 years
THE Marange-Zimunya Community Share Ownership Trust (MZCSOT) has collapsed only three years after the Zimbabwe Consolidated Diamonds Corporation (ZCDC) injected US$5 million to prop it, a Zimbabwe Ind...Published: 08 Oct 2021 at 18:58hrs | 118 | by Staff reporter
Bosso hose down bloated salary schedule 'claims'
HIGHLANDERS have refuted reports that the delay in paying players' salaries was caused by the club sending a bloated list of employees to their new principal sponsors Sakunda Holdings.After ne...Published: 08 Oct 2021 at 06:27hrs | 215 | by Staff reporter
Govt ups forex black market fight
GOVERNMENT is implementing a raft of additional measures to curb the illegal trading of forex and the benchmarking of prices using the parallel market rates, Finance and Economic Development Minister ...Published: 08 Oct 2021 at 06:26hrs | 303 | by Staff reporter
Mbudzi traders to resist eviction
TRADERS yesterday described the Harare City Council's order for them to vacate Mbudzi roundabout within 48 hours as illegal and unconstitutional.On Tuesday, council ordered traders who conduct...Published: 07 Oct 2021 at 07:05hrs | 1212 | by Staff reporter
Forex blackmarket: More arrests loom
More people illegally dealing in foreign currency will soon be arrested and more financial institutions charged as Government cracks the whip against those driving and manipulating the black market de...Published: 07 Oct 2021 at 07:01hrs | 710 | by Staff reporter
How business phone services is advantageous in 2021
The technology that has come together with the evolution and rapid growth of the smartphone era has been rapidly shifting and advancing every day and aiding every aspect of the world. The same...Published: 06 Oct 2021 at 12:32hrs | 226 | by Staff Writer
10 Insurance technology trends for 2022
Technology and the insurance sector go hand-in-hand. According to a recent survey by Accenture, insura...Published: 06 Oct 2021 at 12:15hrs | 369 | by Staff Reporter
Zanu-PF appeals for donations
THE Zanu-PF Bulawayo province is appealing for donations that will go towards the national and provincial annual people's conference which has been scheduled for October 26-31 this year.Both t...Published: 06 Oct 2021 at 05:47hrs | 191 | by Staff reporter
Forex abusers, money laundering kingpins not deterred by arrests
Foreign currency abusers and money laundering kingpins continue to defy the law despite recent arrests, a situation that has resulted in the eroding of incomes and unnecessary suffering.The ex...Published: 06 Oct 2021 at 05:46hrs | 928 | by Staff reporter
Crack team set up for mobile money crime
A crack team of 15 experienced prosecutors has been set up to work with seasoned investigators to come up with watertight dockets and so effectively prosecute economic saboteurs abusing mobile money p...Published: 04 Oct 2021 at 05:47hrs | 391 | by Staff reporter
Old shop licence fees cost BCC $29 million
THE Bulawayo City Council lost $29 million revenue due to charging old fees on shop licences.The council also overshot its 2021 budget by $71,5 million on town planning, environment management...Published: 03 Oct 2021 at 08:05hrs | 32 | by Staff reporter
Zimbabwean designs 2022 Commonwealth Games Baton
UNITED Kingdom-based Zimbabwean artist Laura Nyahuye has designed a rare 2022 Commonwealth Games Baton that will carry the Queen Elizabeth II's message to athletes from the 72-member nations in a 269-...Published: 01 Oct 2021 at 07:55hrs | 119 | by Staff reporter
Who is causing parallel market rates to spike?
FOR the past 18 months, Zimbabwe's economy has been on a rebound, assisted by a stronger performance in the agricultural and mining sectors, an improved balance of payments and external sector p...Published: 30 Sep 2021 at 07:20hrs | 956 | by Dr Tim Rainhard
Over R500m lost in SA debit card scams
Gross losses due to fraud committed on South African-issued debit cards amounted to R520,5 million in 2020 – an increase of 26.5 percent compared to 2019.This is according to 2020 crime stat...Published: 30 Sep 2021 at 07:12hrs | 111 | by Staff reporter
EcoSure extends cover to millions, boosts national insurance penetration
HARARE - EcoSure, the micro-insurance product from Econet Life, has played a significant role in raising the country's insurance penetration by over 200%, from as low as 5% to over 16%.The inn...Published: 29 Sep 2021 at 09:08hrs | 794 | by Agencies
Simbisa in US$19,3m expansion drive
RESTAURANT chain, Simbisa Brands Limited (SBL) will spend US$19,3 million on 92 new stores for its 2022 financial year as it seeks to expand its footprint.This comes as part of the group's eff...Published: 29 Sep 2021 at 06:43hrs | 358 | by Staff reporter
Does Chamisa have a plan? Gambakwe conversation with Phugheni
These two personalities are painfully uneven. Whereas Phugheni is eloquently brilliant, a very intelligent man, I should be excused if I said Gambakwe is challenged, borderline. It defeats my mind to ...Published: 28 Sep 2021 at 11:39hrs | 3049 | by Nomazulu Thata
Graft rife among bigwigs, says Zacc chair
ZIMBABWE Anti-Corruption Commission (Zacc) chairperson Justice Loice Matanda-Moyo yesterday said major perpetrators of corruption in the country were bigwigs, making it difficult for ordinary citizens...Published: 28 Sep 2021 at 06:18hrs | 499 | by Staff reporter
Stop this ageism jibe
Those talking about ageism and maturity in politics must revisit an interview where the late President Robert Mugabe who was only 31 years old in 1961 where he was talking about inequality and e...Published: 26 Sep 2021 at 20:08hrs | 974 | by Leonard Koni
Govt lavishes Mthuli Ncube with a US$200 000 hotel stay
GOVERNMENT allegedly splurged over US$200 000 on Finance minister Mthuli Ncube (pictured)'s accommodation after his lengthy stay at a five-star hotel in the capital before he relocated to a plush home...Published: 24 Sep 2021 at 09:50hrs | 8021 | by Staff reporter
YouTube channel for Tuku
ON the 69th birthday of the late jazz icon and legendary musician Oliver "Tuku" Mtukudzi, the world will finally get to enjoy his hits on streaming platform YouTube.After the Zimbabwean musici...Published: 24 Sep 2021 at 09:44hrs | 568 | by Staff reporter
Gold rush spawns fresh displacements
THOUSANDS of Domboshawa villagers on the outskirts of Harare face imminent displacement to accommodate a clique of gold miners with strong links to the ruling Zanu PF party and top government official...Published: 24 Sep 2021 at 09:43hrs | 630 | by Staff reporter
COVID-19 forced vaccination unconstitutional
RECENTLY, there have been circulating news that civil servants and employees in the private sector were being forced to take the COVID-19 vaccine or lose their jobs if they refuse to comply. In some i...Published: 24 Sep 2021 at 09:24hrs | 314 | by Esau Mandipa
Mnangagwa proud of industry revival
PRESIDENT Mnangagwa yesterday expressed pride over the positive strides being registered by the country's industries - taking advantage of the supportive Government policy reforms. These have enhanced...Published: 24 Sep 2021 at 09:02hrs | 96 | by Staff reporter
Who is causing parallel market rates to spike?
For the past 18 months, the country's economy has been on a rebound, assisted by the stronger performance in the agricultural and mining sectors, an improved balance of payments and external sector po...Published: 23 Sep 2021 at 19:35hrs | 3736 | by Dr Tim Rainhard
Zimbabwe exceeds Africa health funding target
ZIMBABWE has surpassed the Abuja Declaration target which requires that countries spend at least 15 percent of their national budgets on the health sector, Finance and Economic Development Minister Pr...Published: 23 Sep 2021 at 07:51hrs | 454 | by Staff reporter
Bikers converge in Victoria Falls
THE Zimfreeriders Motor Cycle Club is set to hold its Victoria Falls Motor Bike Rally starting today and finishing on Sunday.Dubbed The Brave Hearts, this ride will be the longest inland ride ...Published: 21 Sep 2021 at 21:54hrs | 1070 | by Staff reporter
Chamisa not losing sleep
The MDC Alliance said it was not fazed on Monday after a new political party appeared to have hijacked one of its social media mobilisation slogans which some were advocating for to be the new party n...Published: 21 Sep 2021 at 20:53hrs | 969 | by Staff reporter
Mlalazi in another Mzansi duet, premieres on DStv
RISING local gospel singer and songwriter Everton Mlalazi appears to have a taste for Mzansi music if his collaborations with South Africa's top music stars are anything to go by.In January, h...Published: 20 Sep 2021 at 07:12hrs | 294 | by Staff reporter
BCC ensures Bulawayo residents engaged as parking marshals
BULAWAYO City Council has said measures will be put in place to ensure only city residents are employed by the company that will manage its US$2,2 million vehicle parking system. The council i...Published: 20 Sep 2021 at 07:11hrs | 226 | by Staff reporter
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