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Mnangagwa skips Davos, returns to get Zimbabwe calm, stable and working again
Zimbabwe's president he will return home and skip the World Economic Forum after a week of turmoil in which activists have said at least a dozen people have been killed in a government crackdown....Published: 3 hrs ago | 935 | by AFP
No South African bailout for Zimbabwe
Zimbabwe's plan to seek an emergency financial package from South Africa suffered a big blow after the region's economic powerhouse cited budgetary constraints as it prepares for its next general elec...Published: 8 hrs ago | 2822 | by Staff reporter
Price hikes fail to end fuel crisis
There is no immediate relief for motorists and transport operators despite government's shocking fuel hikes as long and winding queues continue to stalk several garages which are struggling to stock t...Published: 13 hrs ago | 2435 | by Staff reporter
Zimbabwe's horror 2019 unfolds
The palpable fear among many Zimbabweans that 2019 would become yet another "annus horribilis" — Latin for a horrible year — has become a harrowing reality, with the country's political and econom...Published: 13 hrs ago | 4315 | by Staff reporter
Cry my beloved Zimbabwe . . . as country is closed for business
Once open for business, Zimbabwe is closed for business.Shops are closed, people are scared and companies are closing just as is the democratic space that President Emmerson Mnangagwa opened u...Published: 13 hrs ago | 1859 | by Staff rpeorter
Four simple Rules to solve the Zim financial crisis
Rule number 1 Remove the bond notesRule number 2 Let Zimbabweans import their own fuel without a...Published: 14 hrs ago | 2534 | by Colls Ndlovu
Mnangagwa's minister distances self from fuel crisis
Energy and Power Development minister Joram Gumbo yesterday said his ministry was doing its part bringing plenty of fuel into the country but government, through the Finance ministry, was failing to b...Published: 15 hrs ago | 1159 | by Staff reporter
Mnangagwa must shoulder shutdown blame
There is a very real danger that Zimbabwe may be plunged into serious social and political unrest unless the leaders of this country stop acting innocent victims of non-existant political plots and in...Published: 16 hrs ago | 215 | by Editorial - The Standard
'Zimbabwe's economy to grow by 4,2%,' says AfDB
THE African Development Bank (AfDB) projects Zimbabwe's economy to grow by 4,2% this year before rising to 4,4% in 2020 underpinned by growth in the mining and agricultural sectors along with fiscal c...Published: 16 hrs ago | 165 | by Staff reporter
Bishop Mutendi hails Zanu-PF legislators
THE leader of the Zion Christian Church (ZCC) Bishop Nehemiah Mutendi has praised the decision by Zanu-PF legislators to forego luxury vehicles opting that the funds be channelled towards development....Published: 16 hrs ago | 361 | by Staff reporter
Delta urged to explore export market
INDUSTRY and Commerce Deputy Minister Raj Modi says Delta Corporation Limited should consider exploring and fortifying export markets to enable it to boost its foreign currency coffers in the wake of ...Published: 16 hrs ago | 110 | by Staff rpeorter
Fuel deliveries resume
FUEL deliveries at service stations have resumed after being temporarily halted for about a week owing to the violent protests that rocked the country, a Cabinet Minister has said.In a telepho...Published: 16 hrs ago | 424 | by Staff reporter
Zimbabwe counts cost of violent stay-away
GOVERNMENT has expressed concern over the negative impact of the violent protests, which rocked Zimbabwe last week, paralysing business activity and public sector operations, amid fears the ugly event...Published: 16 hrs ago | 520 | by Staff reporter
Another Grace Mugabe in the making!
So you are telling me that the whole acting president of the Republic of Zimbabwe failed to bring to an end the strike by the skilled labourers - I mean the junior doctors? But it took Auxilia a few h...Published: 19 Jan 2019 at 16:08hrs | 17283 | by Mapombi Adonha
Mugabe wheelchair-hound, Zimbabweans to foot $4m bill
THE taxpayer continues to foot former president Robert Mugabe's medical bills, as it emerged President Emmerson Mnangagwa's government gave the deposed strongman US$4 million to cover his hospital exp...Published: 19 Jan 2019 at 11:59hrs | 8951 | by Staff reporter
Internet shutdown anachronistic
The advent of new media brought in a wave of innovative approaches to the distribution and acquisition of knowledge. What the President Emmerson Mnangagwa-led government is doing in shutting d...Published: 19 Jan 2019 at 11:52hrs | 1124 | by Alwyn Mabehla
Zimbabwe annual inflation rate surges to 236%
Renowned United States economist and currency expert Steve Hanke says Zimbabwe's annual inflation rate is at 236 percent, much higher than the official figure of 42,09 percent published by Zimbabwe Na...Published: 19 Jan 2019 at 11:51hrs | 971 | by Staff reporter
Panicking Zimbabwean shoppers besiege supermarkets
Hundreds of panicking shoppers yesterday thronged supermarkets and engaged in panic buying after some of the country's leading retailers opened their doors to the public following three da...Published: 19 Jan 2019 at 11:49hrs | 866 | by Staff reporter
ZCC's Bishop Mutendi vows to transform Gokwe
Midlands Provincial Affairs minister Larry Mavhima has urged Zimbabwean companies to generate foreign currency by producing internationally competitive products and not expect allocations from the gov...Published: 19 Jan 2019 at 11:29hrs | 602 | by Staff reporter
Mnangagwa's govt has squandered immense goodwill
THE Zimbabwe Congress of Trade Unions (ZCTU) this week called a three-day stayaway to protest the government's decision to hike fuel prices amid a rapidly deteriorating economic environment and rising...Published: 19 Jan 2019 at 11:04hrs | 212 | by Staff reporter
Zimbabwe local currency recipe for disaster
FINANCE minister Mthuli Ncube's recent pronouncements that Zimbabwe will revert to using its own currency, a decade after it abandoned the local dollar in favour of a basket of currencies is not feasi...Published: 19 Jan 2019 at 10:53hrs | 595 | by Staff reporter
Mining sector to meet Chitando over forex allocation
MINE workers and the Chamber of Mines have agreed to approach the government and table a request for the sector to get at least 80% of their foreign currency earnings, businessdigest has learnt....Published: 19 Jan 2019 at 10:48hrs | 122 | by Staff reporter
Imports push fridge makers to the edge
THE local refrigerator-manufacturing industry needs protection from imports as it is now cheaper to import than manufacture, a leading player, Capri, has said.The fridge maker, which ceased op...Published: 19 Jan 2019 at 10:46hrs | 182 | by Staff reporter
Hold your opinion, this is my own
Worrisome events have occurred in Zimbabwe for the past four days. One does not need to be an intellect or some sort of magician to pinpoint at the root cause i.e, the recent fuel price hikes. Six day...Published: 18 Jan 2019 at 17:08hrs | 5164 | by Davis Chitiyo
Remember the voiceless NSSA pensioners
Whilst workers in almost all sectors of our economy are 'crying' for a raise to cushion themselves against the prevailing price madness no one is talking about the plight of NSSA pensioners. ...Published: 18 Jan 2019 at 16:08hrs | 618 | by Tondo
Zimbabwe's Monetary Death Spiral
PRESIDENT Mnangagwa's pledge that Zimbabwe is "open for business" rings hollow. Indeed, many businesses in Zimbabwe are shuttered. An increase in government controlled fuel prices over the weekend has...Published: 18 Jan 2019 at 12:59hrs | 2279 | by Prof Steve H. Hanke
Mnangagwa loses credibility
GOVERNMENT is losing credibility in its fight to resuscitate the economy as evidenced by the three day national shutdown, which started on Monday, an economist has said.Since Monday, the count...Published: 18 Jan 2019 at 12:23hrs | 3476 | by Staff reporter
Temporary forex relief for companies
COMPANIES facing imminent closure due to lack of foreign currency got temporary respite after government issued letters of credit allowing large corporates to procure raw materials, Confederation of Z...Published: 18 Jan 2019 at 12:16hrs | 945 | by Staff reporter
Zimbabwe inflation shoots to 42,09%
ZIMBABWE'S inflation rose to 42,09% year-on-year in December, its highest for a decade, from 31,01% in November driven by increases in the price of basic goods, the Zimbabwe National Statistics Agency...Published: 18 Jan 2019 at 12:12hrs | 324 | by Staff reporter
'Chamisa's MDC liable for stayaway damage'
GOVERNMENT has said the MDC-Alliance and its allies who organised demonstrations that degenerated into a spree of violence, arson and looting were liable to claims by members of the public whose prope...Published: 18 Jan 2019 at 12:02hrs | 267 | by Staff reporter
The Role of Peace in the Economy - Mthwakazi Forum
We are still struggling, in Zimbabwe and Africa as a whole, when it comes to understanding and executing economic programmes that give sustainable growth. Most analysts tend to paint this poor underst...Published: 17 Jan 2019 at 20:52hrs | 1020 | by Kernan Mzelikahle
Catholic bishops urges ZANU PF and MDC to unite
(1) We begin by disowning a recent statement issued in our name during the recent stayaway that started on 14 January 2019. We, the Catholic Bishops of Zimbabwe, never issued any statement during that...Published: 17 Jan 2019 at 19:40hrs | 2237 | by ZCBC
Zimbabwe counts huge costs of stay-away
Zimbabwe lost millions of dollars after the country was brought to a virtual standstill by a highly successful mass stay-away engineered by the Zimbabwe Congress of Trade Unions (ZCTU) and social medi...Published: 17 Jan 2019 at 18:08hrs | 456 | by Staff reporter
ZRP heightens crackdown against criminals
The Zimbabwe Republic Police (ZRP) has increased crackdown efforts on crime which has seemingly been rampant and on the rise in Zimbabwe.In a statement, ZRP Senior Assistant Commissioner Chari...Published: 17 Jan 2019 at 18:07hrs | 768 | by Staff reporter
Who used the extra 480 million litres of fuel the last six months?'
It's official, the exchange rate for American dollars to our 'surrogate currency' is not 1:1, neither is it 1:2.All the other parameters have been logically adjusted in the economic circles to...Published: 17 Jan 2019 at 18:03hrs | 914 | by Staff rpeorter
Bond notes and their possible long-term legacy
Zimbabwe's export incentive scheme, bond notes, were introduced to encourage exports and address the liquidity crunch in the country. If, for example, tobacco exporters accept bond notes, they receive...Published: 17 Jan 2019 at 10:23hrs | 1195 | by Staff reporter
The Hard Truth About The Fuel Price Increase
Sometimes the truth hurts. And in this case, it really hurts. The price increases were both necessary and proportional. The economy needs them. The country needs them. However there has be...Published: 17 Jan 2019 at 09:58hrs | 1891 | by Faith Hope
Chaos and madness sweeping Zimbabwe were easily avoidable - have we finally learned how to
"The Zimbabwe Association of Doctors for Human Rights wishes to share with stakeholders critical information on the unfolding human rights crisis in Zimbabwe following the outbreak of violent protests...Published: 17 Jan 2019 at 08:56hrs | 2839 | by Nomusa Garikai
Mnangagwa's pronouncement was not the whole truth
Since Saturday last week, Zimbabwe is one of the world's most expensive places to buy fuel from.That's after President Emmerson Mnangagwa announced new prices that showed an increase of over 1...Published: 17 Jan 2019 at 08:02hrs | 2952 | by Staff reporter
Mutsvangwa slams Mnangagwa's 'forex allocation economy'
OUTSPOKEN Zimbabwe war veterans' association chair, Chris Mutsvangwa has slammed government and the central bank for cherry-picking local firms to favour with scarce foreign currency allocation at the...Published: 17 Jan 2019 at 07:43hrs | 5562 | by newzimbabwe.com
Mnangagwa's fuel price hike backfires badly
Zimbabweans have reacted with anger and frustration to last week's announcement of a fuel price hike by President Emmerson Mnangagwa.In a televised address last Saturday, Mnangagwa said prices...Published: 17 Jan 2019 at 07:41hrs | 1416 | by Africa News
Zimra in talks with workers representatives
The Zimbabwe Revenue Authority (Zimra) is enmeshed in talks with workers representatives to locate lasting solutions to challenges faced by employees, who claim they are now struggling to make ends me...Published: 17 Jan 2019 at 00:17hrs | 3743 | by Staff reporter
End Zimbabwe sanctions, says Tito Mboweni
SOUTH Africa Finance Minister Mr Tito Mboweni yesterday said Zimbabwe should look at introducing a new currency to counter its economic and financial challenges and also called for his country's polit...Published: 17 Jan 2019 at 00:08hrs | 824 | by Staff reporter
SA backs new Zimbabwe currency
SOUTH Africa's Finance Minister Tito Mboweni has said Zimbabwe is in a good position to adopt a new currency and that the regional giant would support its northern neighbour's efforts towards economic...Published: 16 Jan 2019 at 23:58hrs | 1700 | by Staff reporter
#ZimbabweShutDown organisers to pay for damages, says Govt
Government yesterday said MDC-Alliance and its allies who organised demonstrations that degenerated into a spree of violence, arson and looting were liable to claims by members of the public whose pro...Published: 16 Jan 2019 at 23:58hrs | 507 | by Staff reporter
600 arrested over Zimbabwe looting
600 people have been arrested following Monday's acts of hooliganism and looting and the government is urging all workers to return to work tomorrow as the situation has now normalised.The Min...Published: 16 Jan 2019 at 20:10hrs | 2793 | by Staff reporter
Chamisa's MDC calls on Cyril Ramaphosa to intervene in Zimbabwe
Zimbabwean opposition official and former finance minister Tendai Biti has urged President Cyril Ramaphosa to intervene in the country's economic and political crisis, which has left three people dead...Published: 16 Jan 2019 at 15:00hrs | 5542 | by Business Day
Mnangagwa to buy 'State-of-The-Art' Russian arms
ZIMBABWE plans to continue its defence and security cooperation with Russia, but needs to build up funds to buy "state-of-the-art" Russian weapons, President Emmerson Mnangagwa told news agency Sputni...Published: 16 Jan 2019 at 09:32hrs | 3372 | by Sputniknews.com
Jonathan Moyo must be puking as Strive Masiyiwa's fortune rises to US$2.3bn
exiled Former G40 Kingpin Professor Jonathan Moyo last week made a jibe on telecommunications guru Strive Masiyiwa saying that Masiyiwa is a Bond-note billionaire, a reference to the local currency th...Published: 15 Jan 2019 at 20:25hrs | 2426 | by Staff reporter
Zimbabwe embassy staff joins ZimbabweShutDown?
STAFF at Zimbabwe's embassy in Mozambique reportedly went on strike Monday, protesting against unpaid salaries in a new diplomatic embarrassment for the embattled Harare administration.The rep...Published: 15 Jan 2019 at 12:57hrs | 2488 | by newzimbabwe
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