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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 | 179 | by Staff reporter
Ramaphosa's economy shrinks 0.3%
The South African economy unexpectedly contracted by 0.3% from the second to the third quarter this year.Economists polled by Reuters expected growth of 0.5%.In the third quarter, the ...Published: 03 Dec 2024 at 15:39hrs | 308 | by Staff reporter
Mthuli Ncube sees 2025 growth rebound after this year's drought
Zimbabwe has projected economic growth to accelerate to 6 percent in 2025 from 2 percent this year, helped by improved agricultural output and power generation as the country recovers from a severe dr...Published: 28 Nov 2024 at 16:32hrs | 190 | by Staff reporter
All eyes on Professor Mthuli Ncube
As Zimbabwe prepares for the presentation of the 2025 National Budget, all eyes are on Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube. The Budget, which serve...Published: 27 Nov 2024 at 08:13hrs | 1087 | by Staff reporter
Zimbabwe's economy to grow 6% in 2025
Zimbabwe's economy is projected to expand by six percent in 2025, bolstered by favorable rainfall conditions that are expected to boost agricultural productivity, Finance, Economic Development, and In...Published: 07 Nov 2024 at 07:00hrs | 286 | by Staff reporter
Zimbabwe sees US$16.3 billion in diaspora remittances over a decade
Zimbabwe has experienced a significant influx of diaspora remittances, totaling US$16.3 billion over the past ten years, as more Zimbabweans living abroad send money back home to support their familie...Published: 28 Oct 2024 at 07:05hrs | 396 | by Staff reporter
Zimbabwe takes sanctions fight to US Congress
The Government of Zimbabwe is contemplating sending a high-level parliamentary delegation to the United States Congress to advocate for the repeal of the Zimbabwe Democracy and Economic Recovery Amend...Published: 27 Oct 2024 at 12:19hrs | 236 | by Staff reporter
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 56 | by Staff reporter
TelOne jumps on Starlink train
TelOne, one of Zimbabwe's largest fixed internet providers, has announced its partnership with Starlink, becoming an authorized reseller of the satellite internet service. This move comes in response ...Published: 18 Sep 2024 at 15:33hrs | 2594 | by Staff reporter
South African Rand takes a hit
The rand and a number of South African stocks took a hit on Monday as investors moved away from purchasing riskier assets, and it became evident that the US may enter a recession.The rand was ...Published: 06 Aug 2024 at 09:12hrs | 1342 | by Staff reporter
Zimbabwe finds a way to turn paper into gold long live Gushungo!!!
Money, the market, free enterprise, free trade, law, and justice, among others - existed in other forms before the colonialists introduced paper currency. The natives had their own functional institut...Published: 09 Apr 2024 at 16:58hrs | 3 | by Sam Wezhira
Colourful place names of Rhodesia and their origin
THE TRACING of place names in a country in Africa can be both fascinating and frustrating. One must know – or quickly learn – something about history, about geography and the origins of word...Published: 28 Dec 2023 at 17:59hrs | 50 | by Phillippa Berlyn with some amendments by Tony Tanser
Zimbabwe mobile operators' revenues up by 95%
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) recorded a 95,3% growth in mobile operator revenue to $850,8 billion in the third quarter owing to inflationary gains....Published: 24 Dec 2023 at 16:10hrs | 10 | by Staff reporter
Zimbabwean woman gives birth in kombi
A Dangamvura woman in Mutare had a kombi journey through the city to remember on Wednesday morning after giving birth to a baby boy in the loaded city-bound public transport.Ms Patricia Chitsa...Published: 23 Dec 2023 at 09:50hrs | 1 | by Staff reporter
Zimbabwe govt misses US$12bn mining target
LEADING economists and mining industry experts warned this week the Ministry of Mines and Mining Development was manipulating data to give an impression that its ambitious US$12 billion target will be...Published: 22 Dec 2023 at 18:13hrs | 9 | by Staff reporter
Is a recession still likely at the end of 2023?
The cost of living crisis has been on everyone's lips for what seems like years now. There’s often talk of it turning into a recession, although so far, most countries have avoided ...Published: 08 Nov 2023 at 14:17hrs | 18 | by Staff reporter
Sanctions have cost Zimbabwe US$150 billion
In the past 22 years, Zimbabwe has incurred a loss of over US$150 billion in potential revenue, opportunities, donor support, and loans due to the illegal sanctions imposed by the United States of Ame...Published: 26 Oct 2023 at 06:31hrs | 1 | by Staff reporter
UK's HSE apologises after death of Zimbabwe-born woman
The Health and Safety Executive (HSE) has issued an apology to the family of Tatenda Mukwata, a 35-year-old woman who died after giving birth at University Hospital Kerry (UHK) last year. Tatenda Mukw...Published: 25 Sep 2023 at 20:45hrs | | by Staff reporter
Zimbabwe urbanites and the politics of the West
The country is nearing the conclusion of the election period, with the appointment of Cabinet ministers, deputies, Mayors, and council chairpersons being among the final steps in the process. This ele...Published: 24 Sep 2023 at 09:00hrs | | by Staff reporter
Zimbabwe needs to manage her debts
DEBT plays an important role in the resource mobilisation strategy of any country.However, the processes of its contraction, sources, structure and its implications on the economy and the live...Published: 03 Jun 2023 at 08:19hrs | | by Zimcodd
High Court calls Mthuli Ncube to order over public debt
Finance minister Mthuli Ncube has been ordered to come up with a debt contraction law that compels Treasury to seek parliamentary approval before issuing guarantees and contracting a public debt....Published: 28 Mar 2023 at 06:43hrs | | by Staff reporter
Forex may retard Zimbabwe's GDP growth
THE Confederation of Zimbabwe Industries (CZI) says while full dollarisation of the economy will slow down inflation, the increased use of foreign currency may retard gross domestic product (GDP) grow...Published: 28 Feb 2023 at 10:42hrs | | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | | by Respect Gwenzi
Zimbabwe govt rejigs US$3.5bn compensation to farmers
ZIMBABWE'S cash-strapped Treasury has proposed a staggered payout plan to settle the US$3.5 billion compensation to white ex-commercial farmers who lost vast tracts of land when the government embarke...Published: 29 Nov 2022 at 18:00hrs | | 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
Zimbabwe's high inflation forecast to plunge to 3%?
ZIMBABWE's month-on-month inflation rate is expected to fall to three percent by year-end while the annual rate is seen dropping below 100 percent on the back of monetary and fiscal interventions the ...Published: 20 Sep 2022 at 06:02hrs | 1 | by Staff reporter
SA risks unprecedented man-made power outages
South Africa is facing a risk of an unprecedented level of load shedding this week after units at two of its coal-fired power plants broke down.Eskom earlier yesterday began cutting 6 000MW fr...Published: 19 Sep 2022 at 05:56hrs | | by Staff reporter
Zimbabwe rated among 10 poor countries hardest hit by food inflation
THE latest World Bank (WB) food security report has indicated Zimbabwe was among countries worst affected by domestic food price inflation, a development that has exacerbated household food insecurity...Published: 18 Aug 2022 at 20:49hrs | | by Staff reporter
Maybe Zimbabweans are okay with their suffering!
Tune in to any international news channel, and one encounters citizens of various nations around the world taking a firm stand against their pain and suffering endured as a result of unbearable econom...Published: 19 Jun 2022 at 21:04hrs | 10 | by Tendai Ruben Mbofana
Mnangagwa headlines miners conference
PRESIDENT Mnangagwa will be guest of honour at this year's annual conference of the Chamber of Mines of Zimbabwe to be held in Victoria Falls.The conference runs from tomorrow to Saturday unde...Published: 01 Jun 2022 at 06:32hrs | | by Staff reporter
Noic boss under corruption probe
NATIONAL Oil and Infrastructure Company (Noic) chief executive officer Wilfred Matukeni has been placed under investigation by the Zimbabwe Anti-Corruption Commission (Zacc).The development fo...Published: 22 May 2022 at 11:17hrs | 6 | by Staff reporter
Putin to terminate exports and deals with the West
Russian President Vladimir Putin put the West on notice on Tuesday that he could terminate exports and deals, the Kremlin's toughest response yet to the sanctions burden imposed by the United States a...Published: 03 May 2022 at 20:52hrs | 8 | by Staff reporter
WATCH: Hakainde Hichilema blasted for opening American army office in Zambia
Zambia's opposition the New Heritage Party led by Chishala Kateka has condemned the move bythe Zambian government to open the office of the United States Africa Command ( AFRICOM) sayi...Published: 29 Apr 2022 at 12:40hrs | 8 | by Mandla Ndlovu
Mobile tariff hike dents network traffic
A SHARP rise in mobile phone tariffs during the final three months of 2021 resulted in a decline in voice and data traffic, as the country battled soaring inflation triggered by the weakening of the d...Published: 16 Apr 2022 at 08:32hrs | 7 | by Staff reporter
Russian invasion sends Zimbabwe fuel prices haywire
AS the Russian invasion of Ukraine continues with all the strategic geopolitical and economic consequences, the oil and fuel industry remains one of the most affected sectors.Fuel prices have ...Published: 27 Mar 2022 at 07:37hrs | | by Staff reporter
Broke govt misses farmer compensation date
ZIMBABWE'S cash-strapped government has deferred the payment of US$1.75 billion in compensation to white former commercial farmers who lost land during the country's controversial agrarian reform prog...Published: 19 Mar 2022 at 07:20hrs | 2 | by Staff reporter
Russia-Ukraine war tremors rock Zimbabwe economy
TREMORS from the Russian invasion of Ukraine are spreading across the world as well as in Zimbabwe as record-high oil prices, excessive spending during forthcoming elections and disruptions of wheat s...Published: 11 Mar 2022 at 18:14hrs | | by Staff reporter
Hyperinflation headache for accountants
THE Institute of Chartered Accountants of Zimbabwe (ICAZ) last week cast doubts over the validity of financial statements, citing hyperinflation and exchange rate volatilities.It has been a re...Published: 27 Feb 2022 at 07:34hrs | 1 | by Staff reporter
Traditional healers lure women with promises of easy births
TWO daughters. Long, painful labours. Several miscarriages.For Soko, a hairdresser in her late 30s, the quest for a son and a safe, easy birth led her to seek professional help - from a herbal...Published: 25 Jan 2022 at 05:45hrs | 10 | by Vimbai Chinembiri
NRZ to finalise Turkish deal
THE National Railways of Zimbabwe (NRZ) is finalising funding requirements for its recapitalisation deal with Turkish investor Yapi Merkezi, with the Hwange to Harare railway line set to be given prio...Published: 23 Jan 2022 at 08:00hrs | | by Staff reporter
'Oppressing health workers to backfire'
A PLAN by the government to criminalise industrial action by health professionals, among other proposed changes, will trigger massive skills flight of medical staff, a parliamentary watchdog has warne...Published: 15 Jan 2022 at 15:01hrs | | by Staff reporter
Tight screening at borders for new Covid-19 variant
Border testing and movement controls in place for many months are being tightly enforced for travellers crossing into Zimbabwe, especially on the southern and western borders, in the wake of the disco...Published: 29 Nov 2021 at 05:29hrs | 6 | by Staff reporter
Mnangagwa acquiring more public debt to fund second term bid
WINNING or losing an election is a referendum on the economy by citizens. More often than not politicians are aware of this fact and, therefore, go out of their way, sometimes, contracting huge debts ...Published: 16 Oct 2021 at 06:29hrs | 9 | by Paidamoyo Muzulu
Zambian economy outplayed Lungu
The misconception that a replication of Edgar Lungu's political dilemma will befall Zimbabwe come 2023 will remain a mirage, not only for Nelson Chamisa who rushed to ululate at the then opposition pa...Published: 23 Aug 2021 at 07:47hrs | 1 | by Daphine Zulu
Zimbabwe Economic Forecast H2 2021
Zimbabwe's economy is largely expected to register modest growth in 2021 buoyed by a bumper harvest in agriculture, partial dollarization and declining inflation, growth in export earnings and increas...Published: 29 Jul 2021 at 13:30hrs | 7 | by Victor Bhoroma
Half Zimbabwe's population now extremely poor
ALMoSt half of Zimbabwe's population has become extremely poor because of the impact of Covid-19 and the economic contraction, a new survey has shown.the 2020 Rapid Poverty Income Consumption ...Published: 25 Jul 2021 at 08:23hrs | | by Staff reporter
Zimbabwe's daily Covid-19 vaccinations hit record high
ZIMBABWE ramped up daily Covid-19 vaccinations to a record as the government pins its hope on a faster rollout to help the economy recover from its second contraction into two years.On Thursda...Published: 12 Jul 2021 at 16:09hrs | 1 | by Staff reporter
'Intercity travel pushes up Covid-19 infections in Bulawayo'
INTERCITY travel could be pushing up Covid-19 infections in Bulawayo which saw the Government imposing a lockdown on the province, an official said yesterday.Following a spike in Covid-19 case...Published: 24 Jun 2021 at 08:19hrs | | by Staff Reporter
RBZ steps up liquidity mopping
The Reserve Bank of Zimbabwe (RBZ)'s decision to trade non-negotiable certificates of deposits in exchange for excess liquidity held by local financial institutions is in line with authorities' contra...Published: 11 Jun 2021 at 06:28hrs | | by Staff reporter
Short term risks for Zim economy
The Zimbabwean economy is expected to register modest growth this year after 2 years of successive decline when currency changes, high inflation, extreme weather conditions and COVID-19 downturn wreck...Published: 03 Jun 2021 at 20:26hrs | | by Victor Bhoroma
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