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Zimbabwe fuel crisis hurts business: Mudenda
SPEAKER of the National Assembly Jacob Mudenda on Friday said the resurfacing of fuel queues and electricity outages were symptomatic of challenges in the energy sector, which must be urgently resolve...Published: 3 hrs ago | 391 | by Staff reporter
Ncube, Shiri summoned over tobacco auction ruckus
PARLIAMENT has summoned Finance and Agriculture ministers to come and clear the air on why government has gone back on promises to pay tobacco farmers 50% of their earnings in United States dollars....Published: 3 hrs ago | 539 | by newzimbabwe.com
Natpharm given 48hrs to get supplies
The State-appointed agent for the procurement, storage and distribution of medical supplies, the National Pharmaceutical Company of Zimbabwe (Natpharm), has been given 48 hours to approach the local m...Published: 3 hrs ago | 151 | by Staff reporter
Natpharm given 48hrs to get supplies
The State-appointed agent for the procurement, storage and distribution of medical supplies, the National Pharmaceutical Company of Zimbabwe (Natpharm), has been given 48 hours to approach the local m...Published: 3 hrs ago | 102 | by Staff reporter
Kango wants duty hike on gas stoves
KANGO Private Limited has called on Government to increase duty on gas stoves following the increased inroads of the imported product on the local market. Kango is the sole maker of gas stoves...Published: 3 hrs ago | 325 | by Staff reporter
Medical insurance for Zimbabweans in SA
Government is considering providing health insurance services for Zimbabwean citizens based in South Africa. The issue, which was agreed to by the Zimbabwean and South African governments duri...Published: 3 hrs ago | 172 | by Staff reporter
'Payments shall be in US dollars'
International Air Transport Association (IATA), a trade association which represents interests of the world's airlines, has issued a directive to local travel agents that all remittances of amounts du...Published: 3 hrs ago | 486 | by Staff reporter
Afreximbank grants Zimbabwe interbank forex trade loan
Cairo-based Africa Export and Import Bank (Afreximbank) has extended an undisclosed amount in lines of credit to Zimbabwe's interbank foreign exchange trading to stabilise the forex supply...Published: 15 hrs ago | 2114 | by Staff reporter
Open letter to President Mnangagwa
PRESIDENT Emmerson Mnangagwa's admission that he is the one who authorised the deployment of soldiers to quell street protests on August 1, 2018 and in January this year was brave but leaves neutrals ...Published: 15 hrs ago | 2494 | by Viniel Deredza
Zimbabwe banks must support the interbank trading
THE interbank market, revived by the Reserve Bank of Zimbabwe (RBZ) recently, has gotten off to a slow start because the majority - if not all the banks - are still in the process of putting their sys...Published: 19 hrs ago | 340 | by Andrew Lampard
Textile giant retrenches 200 workers in Bulawayo
BULAWAYO textile and clothing giant, Archer Clothing Manufacturers has been forced to lay off 200 of its workers because of inadequate power supplies at its factory and dwindling local orders....Published: 24 Mar 2019 at 06:10hrs | 2053 | by Staff Reporter
Zimbabwe begins regional power exports
ZIMBABWE has started exporting electricity to regional countries especially Namibia, buoyed by increased production at the Kariba Power Station which came into life in March last year.Presiden...Published: 23 Mar 2019 at 22:25hrs | 1939 | by Staff reporter
BCC insists on forex for stands
THE Bulawayo City Council (BCC) has shattered the dreams of scores of locals wishing to own homes, telling them to "shut-up" if they cannot afford housing stands that have been priced in foreign curre...Published: 23 Mar 2019 at 21:26hrs | 944 | by Staff reporter
Manager moans over US$50K adultery damages
A FINANCE and administration manager for a beverages company, Lorraine Chitereka, who was recently slapped with a US$50 000 adultery damages order for bedding Harare businesswoman Rudo Boka's husband,...Published: 23 Mar 2019 at 05:52hrs | 4314 | by Staff reporter
Civil servants pay increase
The civil servants pay increase to be effected in April this year is one hell of a joke. What is wrong with these people's reasoning capacity. This is a toddler's game they playing here. How can you c...Published: 22 Mar 2019 at 21:57hrs | 2999 | by Clement Moyo
Bulawayo's fire brigade defies odds
Zimbabwe's widely respected fire brigade usually tackles house fires and traffic accidents, but it became a symbol of the regime during anti-government demonstrations that turned into violent looting ...Published: 22 Mar 2019 at 16:27hrs | 1533 | by Ben Sheppard I AFP
Fuel shortages worsen
MOTORISTS here have for the past week endured stock outs of fuel supplies, indicating a worsening fuel situation in the petroleum industry.So bad has been the situation that even the pump stat...Published: 22 Mar 2019 at 16:23hrs | 906 | by Staff reporter
New telecoms tariffs loom
CONSUMERS of telecommunications services must brace for a significant increase in tariffs, which will further eat into their pockets.The director-general of the Postal and Telecommunications R...Published: 22 Mar 2019 at 16:23hrs | 445 | by Staff reporter
Govt use of violence on its own people is tragic
Continued from last weekWhile Mnangagwa's rhetoric on issues such as land reform, human rights, rule of law, improving the business climate and reducing corruption was all positive, there was ...Published: 22 Mar 2019 at 16:13hrs | 164 | by Ambassador Thomas-Greenfield
Zimbabwe blocks US$1bn pipeline project
THE Ministry of Energy has blocked a plan by South African-owned Mining, Oil and Gas Services Company (MOGS) to construct a US$1 billion 550-kilometre fuel pipeline from Beira to Harare, arguing that ...Published: 22 Mar 2019 at 16:08hrs | 1412 | by Staff reporter
Bulawayo, Gwanda thigh vendors clash over catchment area
JUNGLE fever!Ladies of the night from Bulawayo and Gwanda are at loggerheads over the latest "catchment" area which has big spending clients. Gwanda's railway station is what is being ...Published: 22 Mar 2019 at 07:31hrs | 2068 | by Staff reporter
RTGS dollars not new currency, says RBZ
The recently introduced RTGS dollars are not new currency, but merely a "formalisation" of transaction platforms that already existed in the country, according to the Reserve Bank of Zimbabwe deputy d...Published: 22 Mar 2019 at 06:53hrs | 1856 | by Staff reporter
Companies to pay double tax in forex, defaulters face jail terms and fines
Companies trading in foreign currency that fail to remit Value Added Tax in foreign currency face stiff penalties that include double payment of arrears in hard currency, the Zimbabwe Revenue Authorit...Published: 22 Mar 2019 at 06:52hrs | 909 | by Staff reporter
Zanu-PF aim to break the urban jinx
Zanu-PF is aiming to break the jinx and reclaim support in urban constituencies as it sells President Mnangagwa's transformational vision of growth and industrialisation, Politburo member Chris Mutsva...Published: 22 Mar 2019 at 06:26hrs | 894 | by Staff reporter
Zimbabwe telecom companies being ditched by foreign partners
Zimbabwe's telecommunications companies are being deserted by their foreign partners that service and upgrade their systems due to inability to meet payment obligations in foreign currency. Te...Published: 22 Mar 2019 at 06:20hrs | 407 | by Staff reporter
Mnangagwa hires luxury jet from Dubai to fly him to Bulawayo
President Emmerson Mnangagwa hired a luxury jet from Dubai to fly him the hour-long journey from Harare to Bulawayo on Thursday, ZimLive reported.The Airbus A318-100 flew seven hours and 16 mi...Published: 21 Mar 2019 at 19:24hrs | 7538 | by ZimLive
Recycled bad politicians as the last resort of saving Zimbabwe?
Zimbabwe is full of talented and equally good citizens who if coopted into politics can turn around the fortunes of our country. Unfortunately for our beloved motherland we seem to be cased. We have a...Published: 21 Mar 2019 at 19:04hrs | 221 | by Henry Madiro
'Wages up $570 from $441' government announced - liar, liar down $228 from $441
"Government and civil servants yesterday sealed a salary accord after the employer improved its offer to the workers from $350 million to $400 million," reported Zimeye."This will translate to...Published: 21 Mar 2019 at 14:42hrs | 3551 | by Patrick Guramatunhu
Zimbabwe currency reforms open can of worms
While the RBZ's new monetary policies have significantly eased the country's currency problems, the much-needed reforms have also brought with them a number of unintended consequences for business- in...Published: 21 Mar 2019 at 07:54hrs | 4633 | by Staff reporter
Buyers bring in $1 billion to buy golden leaf
International tobacco buyers have mobilized US$1 billion to buy the country's golden leaf crop this year, a move expected to boost foreign currency inflows in the country. The 2019 tobacco mar...Published: 21 Mar 2019 at 07:53hrs | 1172 | by Staff reporter
Proposed govt law to bring clarity on forex repatriation fears
PRESIDENT Emmerson Mnangagwa's government is in the process of formulating a law that would spell out how foreign investors can repatriate their profits from Zimbabwe, a country facing foreign currenc...Published: 21 Mar 2019 at 07:31hrs | 579 | by newzimbabwe
'Mnangagwa's national dialogue useless'
FreeZim Congress party leader Joseph Busha yesterday described the national dialogue initiated by President Emmerson Mnangagwa as a useless exercise that will not take the country forward.Mnan...Published: 21 Mar 2019 at 07:30hrs | 1969 | by Staff reporter
Bulawayo council defends selling stands in US$
THE Bulawayo City Council has defended the sale of residential stands in low density areas in foreign currency, saying the pricing was on a cost recovery basis at no profit. The city council s...Published: 21 Mar 2019 at 07:24hrs | 1094 | by Staff reporter
Mohadi opens tobacco selling season
The 2019 tobacco marketing season has been officially opened by Vice President Kembo Mohadi who called for the industry to respect and reward the efforts being made by farmers to produce the lucrative...Published: 20 Mar 2019 at 15:01hrs | 417 | by Staff reporter
Zimbabwe inflation to decline to 10%
Finance Minister Mthuli Ncube sees inflation - currently at 59% - declining to 10% by the end of the year.He is banking on slowing down money supply, liberalisation of the exchange rate and ot...Published: 20 Mar 2019 at 07:53hrs | 2879 | by Staff reporter
New Zesa board tasked to curb corruption
Energy and Power Development minister Joram Gumbo has challenged the newly-appointed Zesa board to come up with initiatives to mitigate challenges such as corruption and illegal power connections that...Published: 20 Mar 2019 at 07:33hrs | 952 | by Staff reporter
BCC faces questions over lavish spending
CASH-STRAPPED Bulawayo City Council (BCC) has set itself on a collision course with residents after it approved a plan to splash US$900 each per day on hotel accommodation for four council officials f...Published: 20 Mar 2019 at 07:32hrs | 1152 | by Staff reporter
Over 100 trucks transporting Zimbabwe wheat stuck in Mozambique
CLOSE to 100 truckloads of Zimbabwe's wheat imports are holed up in Beira after Cyclone Idai damaged infrastructure and made most roads impassable.Chairperson of the Grain Millers Association ...Published: 20 Mar 2019 at 07:27hrs | 452 | by Staff reporter
Muzamhindo pushes for a Policy Indaba
Tinashe Eric Muzamhindo's initiativeI'm driving a national agenda which has no political affiliation, but to assist on enhancing development. We simply ...Published: 19 Mar 2019 at 22:31hrs | 203 | by Tinashe Eric Muzamhindo
Revisiting the ZUPCO urban transportation model
The re-introduction of ZUPCO buses to ply urban routes in the aftermath of January fuel protests was a welcome move for most urban commuters. This is largely because commuter omnibus operators had tak...Published: 19 Mar 2019 at 13:58hrs | 3485 | by Victor Bhoroma
Zimbabwe cannot outsource its development - it has to fix the fundamentals first
While South Africa believes sanctions should be scrapped in Zimbabwe, analysts indicate that the sanctions narrative has been an easy scapegoat in addressing the real issues affecting the country....Published: 19 Mar 2019 at 08:39hrs | 425 | by Sally Nyakanyanga
Forex shortages gnaws Zimbabwe's fertilizer industry
ZIMBABWE'S fertilizer industry says it is constrained by forex shortages, but it still has the capacity to produce enough to meet the country's demand this year and export excess production.Zi...Published: 19 Mar 2019 at 06:48hrs | 234 | by Staff reporter
'Interbank market won't be manipulated'
Mechanisms have been put in place to ensure that the foreign currency interbank market will not be manipulated, Finance and Economic Development Minister Professor Mthuli Ncube has said. This ...Published: 19 Mar 2019 at 06:25hrs | 331 | by Staff reporter
Rhodesia was 'successful' because essentially it was a province of SA
This week, I am going to start by doing something that we journalists don't normally do. Often we think our duty is to criticise or point out wrongdoing but never to praise even when praise is due. Bu...Published: 18 Mar 2019 at 09:26hrs | 2383 | by Baffour Ankomah
Delta Corporation operating at full capacity
Listed beverages manufacture Delta Corporation is expected to resume operating to full capacity this week. This comes as the company's forex woes have been reduced following the introduction of the in...Published: 18 Mar 2019 at 07:01hrs | 1766 | by FinX
Price stability key to economic recovery
"A more efficient management system of scarce foreign exchange is key to price stabilisation and business growth."According to the "Transitional Stabilisation Programme" (TSP), the aspirations...Published: 18 Mar 2019 at 06:52hrs | 463 | by Vince Musewe
Situation in Zimbabwe hospitals a damning indictment on government
A signature characteristic of former President Robert Mugabe (pictured)'s administration was silence in the face of crippling crises. Zimbabweans, at the height of Mugabe's rule, had become resigned t...Published: 18 Mar 2019 at 06:48hrs | 163 | by Learnmore Zuze
Armed robbers terrorise Marondera residents
Daring armed robbers have besieged Marondera, with the gun-totting gang reportedly terrorising residents, money changers and businesspeople, a local businessperson has said.The gang is reporte...Published: 18 Mar 2019 at 06:48hrs | 516 | by Staff reporter
Zimra taken to court over forex duty
A BULAWAYO man has taken the Zimbabwe Revenue Authority (Zimra) to court challenging its decision to charge him duty in foreign currency for his imported vehicle. The vehicle, a Toyota Hilux w...Published: 18 Mar 2019 at 06:45hrs | 881 | by Staff reporter
We cannot blame Nelson Chamisa without blaming all of us
We are under sanctions from the United States, the European Union and other Western outposts like Australia, New Zealand and Canada, and the ruin of the sanctions is without doubt. Our industr...Published: 18 Mar 2019 at 06:40hrs | 2401 | by Reason Wafawarova
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