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My desperate plea to billionaire Masiyiwa
Last Sunday I dwelt on the depressing theme of the hardship that journalists often endure for failing to toe the ill-defined line drawn by intolerant politicians.Newspaper editors must be the ...Published: 05 Sep 2021 at 07:10hrs | 2597 | by Geoffrey Nyarota
New ZW$50 note well overdue?
The Reserve Bank of Zimbabwe (RBZ) recently introduced ZW$360 million worth of a new ZW$50 dollar note into the market, having taken regard of inflation and the need for convenience. The new note is w...Published: 08 Aug 2021 at 16:06hrs | 1306 | by Vince Musewe
Zimbabwe banks defy headwinds
ZIMBABWE'S banking sector posted a combined ZW$15,1 billion (US$176,2 million) net profit during the first half of the year, after riding out headwinds posed by the deadly Covid-19 pandemic, Reserve B...Published: 06 Aug 2021 at 07:53hrs | 196 | by Staff reporter
Zimbabwean travellers to verify Covid-19 status online
ZIMBABWEAN travellers will now have access to an online facility to help verify their Covid-19 status and only those with certificates obtained on the Trusted Travel platform or verified on the Global...Published: 27 Jul 2021 at 07:11hrs | 1027 | by Staff reporter
Zanu-PF, army conflation under spotlight
THE Zanu-PF-military conflation came under spotlight last Thursday when opposition senators grilled Defence minister Oppah Muchinguri-Kashiri over the ruling party's abuse of the army to retain politi...Published: 26 Jul 2021 at 06:49hrs | 6354 | by Staff reporter
Foreign currency deposits rise 778%
FOREIGN currency deposits held by banks have risen by 778,9 % inside a year on the back of economic reforms and increasing confidence levels in the banking sector among other factors.The lates...Published: 17 Jul 2021 at 15:47hrs | 1303 | by Staff reporter
Reserve money drops to $23,53 billion
RESERVE money, which refers to local banks' balances sitting with the Reserve Bank of Zimbabwe (RBZ), dropped by $917,13 million to $23,53 billion during the week ending July 2, mainly due to payment ...Published: 14 Jul 2021 at 09:37hrs | 243 | by Staff reporter
Zimbabwe's new $50 can't buy bread
LAST week, the Zimbabwean central bank introduced a $50 note, the country's highest denomination since a return to Zimbabwean dollars as the main currency in 2019.It joins other denominations ...Published: 13 Jul 2021 at 09:15hrs | 2282 | by Staff reporter
Biti says the introduction of $50 note is criminal
TOP economists are confident that the new $50 notes, introduced by the Reserve Bank of Zimbabwe Tuesday, will not trigger inflationary pressures.However, former Finance Minister Tendai Biti di...Published: 07 Jul 2021 at 16:30hrs | 5808 | by Staff reporter
RBZ introduces new ZW$50 note
The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that the ZW$50 banknote issued on 6 July 2021 through Statutory Instrument 196 of 2021 will be introduced into circulation on 7 July...Published: 06 Jul 2021 at 15:48hrs | 2862 | by Staff Reporter
Reserve bank dismisses fake forex ban reports
THE Reserve Bank of Zimbabwe (RBZ) has dismissed reports circulating on social media alleging that the country has banned transacting in foreign currency on local transactions. RBZ Governor, D...Published: 22 Jun 2021 at 14:22hrs | 1965 | by Staff Reporter
667 more Zupco buses coming
Zupco is buying 667 buses from China by year end, with delivery of the first batch of 100 buses expected soon. Further, through its intercity digital payment platform in partnership with Vaya, every i...Published: 17 Jun 2021 at 06:07hrs | 657 | by Staff reporter
Mandigora not a 'National Hero'
DYNAMOS soccer legend David Mandigora affectionately known as Yogi, and who died Saturday was been laid to rest at Glen Forest cemetery in Harare.He was 64.Hundreds defied Covid-19 res...Published: 15 Jun 2021 at 18:21hrs | 1663 | 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 | 281 | by Staff reporter
Zimbabwe forex deposits hit $108 billion
FOREIGN currency deposits held across the banking sector have increased to $108 billion under clear signs the prevailing economic stability has contributed to the upturn.The latest Reserve Ban...Published: 31 May 2021 at 18:56hrs | 1831 | by Staff reporter
What are we really worth?
Recently I had breakfast with three friends and we were charged at the rate of ZW$115 to US$1 for our food, which was priced in US dollars.later I had coffee with another group of friends and ...Published: 28 May 2021 at 08:06hrs | 911 | by Eddie Cross
Police in $8 million drug bust
POLICE have arrested 93 suspected drug dealers nationwide in a week-long operation dubbed "No to Crystal Meth" leading to the recovery of an assortment of illicit drugs worth more than $8 million....Published: 27 May 2021 at 18:26hrs | 499 | by Staa reporter
Zimbabwe contains Covid-19 Indian variant
The deadly Covid-19 Indian variant that was detected in Kwekwe is being contained with no new cases recorded since confirmation of the first case last week.Government activated its health emer...Published: 27 May 2021 at 07:09hrs | 602 | by Staff reporter
Zimbabwe starts issuing Covid-19 vaccination 'passport'
ZIMBABWE has started issuing a specialised electronic Covid-19 vaccination card with security features that shall be used for traveling purposes outside the country. Members of the public who ...Published: 12 May 2021 at 06:38hrs | 2150 | by Staff reporter
90% of Zimbabwe's forex in formal market
ABOUT 90 percent of the country's foreign currency is now circulating in the formal market thereby stabilising the exchange rate and stimulating economic growth, Finance and Economic Development Minis...Published: 09 May 2021 at 08:09hrs | 444 | by Staff reporter
Kazungula Bridge opening to boost Sadc trade
THE official opening of the Kazungula Bridge and One-Stop Border Post facilities next week Monday is expected to enhance Southern Africa's access to international markets through connectivity with maj...Published: 05 May 2021 at 07:15hrs | 857 | by Staff reporter
Cold spell expected to continue in some areas
THE cold spell that was experienced during the past few days was caused by rainfall patterns in Botswana which came through Matabeleland and spread to different parts of the country. Temperatu...Published: 04 May 2021 at 06:18hrs | 587 | by Staff reporter
143 arrested as cops smash drug dealers' bases
A POLICE crackdown on drug peddlers and syndicates has so far netted 143 drug dealers with their bases being destroyed in raids that are being carried out in Harare and Chitungwiza. This comes...Published: 12 Apr 2021 at 06:58hrs | 429 | by Staff reporter
We're coming for you: Mnangagwa warns financial sector sharks
GOVERNMENT is going to decisively deal with sharks in the financial sector who are profiteering at the expense of the public, President Mnangagwa has said. In an interview ahead of the country...Published: 12 Apr 2021 at 06:56hrs | 894 | by Staff reporter
Bulawayo newspaper vendor killed
A NEWSPAPER vendor in Bulawayo was found dead with his privates ripped open, metres from his home in the early hours of Wednesday. Farai Mazhindu popularly known in Luveve as Dread or Rasta wa...Published: 09 Apr 2021 at 07:19hrs | 831 | by Staff reporter
Zimsec June exams cancelled
The June 2021 Zimsec public examinations for both O and A-Levels have been cancelled following disruptions caused by Covid-19 and the resulting lockdown with those who had wanted to sit in June now jo...Published: 08 Apr 2021 at 08:38hrs | 314 | by Staff reporter
Mthuli Ncube refuses to increase cash withdrawal limits
FINANCE minister Mthuli Ncube says there is no need to increase the weekly $2 000 bank withdrawal limit for individuals as a move to combat the black market. This comes as the Treasury chief a...Published: 28 Mar 2021 at 16:25hrs | 1947 | by Staff reporter
Standard Bank named Best Bank in Africa
Stanbic Bank Zimbabwe's South African-based parent company, Standard Bank Group, has been named the Best Bank in Africa in Global Finance's 28th annual awards for the World's Best Banks. Addit...Published: 26 Mar 2021 at 12:01hrs | 368 | by Agencies
Fears of third wave as complacency sets in
ZIMBABWE could slide into a third Covid-19 wave due to complacency and failure to observe standard safety regulations after the relaxation of lockdown rules, experts have warned as the re-opening of s...Published: 26 Mar 2021 at 05:54hrs | 1557 | by Staff reporter
Money changers camp outside shops
Illegal money changers in Harare and other parts of the country are now hanging around and even inside supermarkets that might have a reasonable number of shoppers using foreign currency offering to p...Published: 22 Mar 2021 at 06:00hrs | 1005 | by Staff reporter
Chiwenga brews shocker
The government is mulling yet another amendment to the constitution to effectively nationalise commercial farms owned by foreign nationals in Zimbabwe, barely a year after making concessions on the ma...Published: 21 Mar 2021 at 08:50hrs | 8472 | by Staff reporter
MDC activists sue police over nude pictures
HARARE West MP Joanah Mamombe and youth leader, Cecilia Chimbiri have slapped the Zimbabwe Republic Police (ZRP) with a $15 million lawsuit for circulating their nude pictures last year.Mamomb...Published: 09 Mar 2021 at 06:32hrs | 2333 | by Staff reporter
Journalism, a new form of activism!
A polarised political environment breeds microcosms across all other subsectors of the community.As the old truism would put it, "a fis...Published: 05 Mar 2021 at 00:56hrs | 450 | by Shelton Muchena
Heavy rains leave farmers at crossroads
After getting off to a sluggish start dominated by a long dry spell for the better part of the first half (October to December 2020), the 2020/21 farming season has since metamorphosed into a term wit...Published: 02 Mar 2021 at 06:31hrs | 496 | by Staff reporter
Liquidity squeeze hits Zimbabwe
Zimbabwe's central bank is in the market mopping up excess liquidity using savings bonds as a deliberate action to regulate the quantity of money in circulation in addition to dealing with an exacerba...Published: 25 Feb 2021 at 16:19hrs | 1739 | by Staff reporter
RBZ warns against rejecting $5 notes
THE Reserve Bank of Zimbabwe has assured the transacting public that the $5 note was still legal tender, and warned businesses against rejecting the currency.In a statement on Tuesday, the cen...Published: 24 Feb 2021 at 21:52hrs | 827 | by Staff reporter
Zimbabwe's $50 note imminent
Zimbabwe announced on Thursday that it would shortly introduce a $50 note, while raising cash withdrawal limits to Z$2,000 per day from Z$1,000.The central bank also lifted its main lending ra...Published: 21 Feb 2021 at 22:30hrs | 1674 | by Staff reporter
Zimbabwean expats keep country afloat, remits $1 billion
Diaspora remittances to Zimbabwe jumped a record 58 percent from US$635.7 million to US$1 billion in 2020, the central bank said on Thursday, highlighting the key role played by expatriates in keeping...Published: 19 Feb 2021 at 07:24hrs | 975 | by Staff reporter
The ultimate checklist for the winter adventure of your dreams
Bears sure have it easy. At the very least, they get to hibernate all winter without a worry in the world. After all, sleeping in and doing nothing during cold winter days is a dream for a lot of peop...Published: 17 Feb 2021 at 11:34hrs | 314 | by Staff writer
Africa CDC backs 'useless' AstraZeneca vaccine
African countries that have not reported the circulation of the 501Y.V2 coronavirus variant first identified in South Africa should proceed with the rollout of the AstraZeneca Covid-19 vaccine, the Af...Published: 11 Feb 2021 at 18:41hrs | 1176 | by Staff reporter
Mr Cross: Silence cannot be misquoted
In September 2019, Finance and Economic Development Minister, Professor Mthuli Ncube, appointed a nine-member Monetary Policy Committee (MPC) to influence the Reserve Bank of Zimbabwe (RBZ)'s monetary...Published: 25 Jan 2021 at 08:28hrs | 3923 | by Dr Tim Rainhard
'RBZ keeps black market guessing over $50 note'
ZIMBABWE'S markets are struggling to work out the full impact of a Reserve Bank of Zimbabwe (RBZ) move to inject a $50 note, which it sees as vital for stemming a dire liquidity crunch, according to r...Published: 22 Jan 2021 at 06:42hrs | 842 | by Staff reporter
'Zimbabwe (Zanu-PF) and China enjoys excellent relations' - of course, China is guarantor of no regime change
Zanu-PF and its apologists are renowned for their single-mindedness belief in offence as not only the best but only defence. It is, therefore, a novelty to see them scrambling to mount a rear-guard de...Published: 17 Jan 2021 at 19:22hrs | 458 | by Patrick Guramatunhu
China not responsible for pandemic
ZIMBABWE does not hold China responsible for the emergence and spread of Covid-19 and the two countries continue to enjoy excellent relations, Government has said.This follows the circul...Published: 17 Jan 2021 at 09:21hrs | 134 | by Staff reporter
'Zimbabwe does not hold China responsible for Covid-19'
ZIMBABWE does not hold China responsible for the emergence and spread of Covid-19 and the two countries continue to enjoy excellent relations, Government has said.This follows the circulation ...Published: 17 Jan 2021 at 08:10hrs | 471 | by Staff Reporter
Zimbabwe now almost overrun by Covid-19 second wave
When the coronavirus pandemic began early in 2020, most Zimbabweans never took it seriously. Many were misled by social media where it was peddled that Corona is only for whites and only comes in wint...Published: 16 Jan 2021 at 09:24hrs | 2784 | by Dr Masimba Mavaza
'High value denominations will not affect inflation'
THE introduction of high value denominations into the economy will not result in high inflation as long as the Reserve Bank of Zimbabwe (RBZ) does not print too much money. Economic commentato...Published: 14 Jan 2021 at 07:52hrs | 365 | by Staff reporter
RBZ has no plans of introducing Z$100 and Z$200 banknotes
THE Reserve Bank of Zimbabwe (RBZ) has said it has no plans of introducing Z$100 and Z$200 banknotes as suggested in some sections of the media.RBZ will soon introduce a new set of higher deno...Published: 12 Jan 2021 at 15:59hrs | 1238 | by Staff reporter
Zimbabwe to introduce new banknotes soon
THE Reserve Bank of Zimbabwe (RBZ) will soon introduce a new set of higher denomination banknotes to increase physical money supply, curb cash shortages and improve transacting convenience.Aut...Published: 10 Jan 2021 at 07:52hrs | 1011 | by Staff reporter
Government must review the decision to lockdown the country !!!
The recent lockdown statement done by the Vice President and Health Minister Dr Chiwenga. My assumption was that Government of today, Government of Zimbabwe, was supposed reach out to many Inclusive o...Published: 04 Jan 2021 at 11:05hrs | 2380 | by Tinashe Eric Muzamhindo
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