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Mthuli Ncube hints on currency reforms
The Ministry of Finance and Economic Development has hinted to a number of currency reforms to be implemented within the shortest period, among them adopting a market based foreign currency exchange a...Published: 10 hrs ago | 4945 | by Staff reporter
Raw sewage in streets of Harare
Raw sewage flows freely in some streets of Zimbabwe's capital, posing a deadly challenge to the recently elected president who has promised the troubled country a new dawn.A cholera outbreak h...Published: 17 hrs ago | 2972 | by AFP
The 'Chimurenga Monologue' and falsification of history
From The 1st Matebele War To The 2nd Matebele Rebellion War versus The "First" Chimurenga War of June 1896: Repudiating The "Chimurenga Monologue" and Falsification of HistoryThis input does n...Published: 18 hrs ago | 1362 | by Thembani Mthembo Dube
Zimbabwe blocks donated life-saving drugs
LIFE-SAVING drugs worth millions of dollars, donated by the Global Fund, could soon go to waste after they were reportedly blocked from distribution and quarantined at government warehouses under uncl...Published: 20 hrs ago | 706 | by Staff reporter
Government disburse $20 million towards fuel importation
GOVERNMENT has disbursed $20 million towards fuel importation as it moves to ease the supply gap across the country which has seen some towns suffering temporary shortages resulting in queues at fuel ...Published: 20 hrs ago | 210 | by Staff reporter
Mthuli Ncube sweats over funding
NEWLY-MINTED Finance minister Mthuli Ncube this week set sail for the United States, together with President Emmerson Mnangagwa, for the United Nations General Assembly in New York where he will engag...Published: 21 Sep 2018 at 14:46hrs | 7015 | by Staff reporter
Anxiety as Mnangagwa 'visits' RBZ
PRESIDENT Emmerson Mnangagwa made two surprise visits to the Reserve Bank of Zimbabwe on Tuesday, which generated a lot of anxiety among staff and the public after he spent a combined four hours at th...Published: 21 Sep 2018 at 07:11hrs | 8364 | by Staff reporter
Exchange rate of US Dollar passes 100%
MDC Alliance official Discent Collins Bajila has claimed that the rate of exchange of US$ to Bank transfer in Zimbabwe has reached +100%.He said this means that if one have US$100 hard cash an...Published: 21 Sep 2018 at 07:06hrs | 5647 | by Stephen Jakes
Mthuli Ncube's '0% political skills' certainly working
While cholera is highly infectious, positivity can be as contagious too as a counter-measure along with medicinally treating the actual disease.Posted Finance minister Mthuli Ncube, who has a ...Published: 21 Sep 2018 at 07:05hrs | 3402 | by Conway Tutani
Zimbabweans want US or Zim dollar only, not SA Rand
THE majority of Zimbabweans would be happy to adopt the United States dollar or the Zimbabwe dollar as only currency and are adverse to the use of bond notes, according to a recent public opinion surv...Published: 21 Sep 2018 at 06:52hrs | 2813 | by Staff reporter
Currency reform answer to Zimbabwe's economic woes
THE success of the new Government's effort to transform the country's economy, both in the immediate and future term hinges on addressing the currency reform problem. The vision of the Government is t...Published: 21 Sep 2018 at 06:44hrs | 332 | by Bongani Ngwenya
Mthuli Ncube faces tough choices
Professor Mthuli Ncube, the new Finance and Economic Development Minister, is a nice man who would not want to ruffle any feathers. But he must be prepared to be branded an enemy by certain individual...Published: 21 Sep 2018 at 06:43hrs | 1085 | by Lovemore Chikova
Forex crisis vexes Mnangagwa
AROUND mid-day on Tuesday, a decorated procession blasted off State House, its lash green lawns and flowering jacaranda trees complimenting to give breathtaking scenery.It was a long processio...Published: 20 Sep 2018 at 18:56hrs | 5064 | by Staff reporter
Bond notes u-turn gets thumps up
Economists have welcomed both President Emmerson Mnangagwa and new Finance minister Mthuli Ncube's move to rule out the immediate return of the decommissioned Zimbabwe dollar. This comes...Published: 20 Sep 2018 at 07:43hrs | 7121 | by Staff reporter
Mthuli Ncube directs all traders to accept bond notes
Finance and Economic Development Minister Professor Mthuli Ncube has directed all traders to accept bond notes as they remain legal tender in the country. This comes as some unscrupulous whole...Published: 20 Sep 2018 at 06:27hrs | 1387 | by Staff reporter
Ecocash and swipe are gradually being phased out
Former MDC legislator for Bulilima East Norman Mpofu has said the Ecocash and swipe method of payment which has become the major methods of payment are now being rendered useless as some shops now dem...Published: 19 Sep 2018 at 09:00hrs | 14840 | by Stephen Jakes
Mthuli Ncube, Mnangagwa in bond notes U-turn
Both President Emmerson Mnangagwa and new Finance minister Mthuli Ncube have ruled out the immediate return of the decommissioned Zimbabwe dollar, saying the country will for now continue to use bond ...Published: 19 Sep 2018 at 07:34hrs | 10657 | by Staff reporter
Zimbabwe economy in safe hands
THE appointment of a leaner Cabinet by President Emmerson Mnangagwa is not only welcome, but also goes a long way in demonstrating that the President listened to the people, mindful of the need to man...Published: 19 Sep 2018 at 07:25hrs | 1228 | by Daniel Ngwira
Mixed reactions to Mnangagwa speech
ANALYSTS largely welcomed President Emmerson Mnangagwa's State of the Nation Address, but felt he had not properly addressed the currency distortions in the market.Economist Prosper Chitambara...Published: 19 Sep 2018 at 07:19hrs | 1302 | by Staff reporter
Mthuli Ncube's economic stabilisation programme out next month
FINANCE minister Mthuli Ncube will next month unveil a transitional economic stabilisation programme that will address fiscal and monetary reforms as well as an arrears clearance programme.Zim...Published: 19 Sep 2018 at 07:15hrs | 759 | by Staff reporter
Long fuel queues resurface
Long fuel queues resurfaced in Harare and other parts of the country yesterday as most service stations went dry, with many motorists resorting to panic buying.Motorists queue for fuel at a se...Published: 19 Sep 2018 at 07:13hrs | 1151 | by Staff reporter
Minister pledges to link industry, colleges
INDUSTRY and Commerce Minister, Nqobizitha Mangaliso Ndlovu has pledged to facilitate strong partnership between industry and higher learning institutions in developing innovative packages that will a...Published: 19 Sep 2018 at 06:59hrs | 414 | by Staff reporter
'US dollar to anchor Zimbabwe economic recovery'
PRESIDENT Mnangagwa has reassured the nation that the United States dollar will remain the bedrock of Government plans for accelerated reforms to address the multiplicity of challenges besetting the e...Published: 19 Sep 2018 at 06:44hrs | 1771 | by Staff reporter
Mnanagwa's turning point
PRAGMATISM. That could be the word we were looking for to describe President Mnangagwa's approach and philosophy as he conducts business as leader of both Zanu-PF - the ruling party - and Government. ...Published: 19 Sep 2018 at 06:34hrs | 2663 | by Tichaona Zindoga
Mnangagwa must consider Mthuli Ncube's proposals
WHEN President Emmerson Mnangagwa addressed the nation yesterday, there was hope that he would give a clear strategy towards addressing the currency distortions that have left the country on an econom...Published: 19 Sep 2018 at 06:28hrs | 319 | by Editorial - newsday
Chamisa's MPs walk out on Mnangagwa
THE government has secured $500 million in foreign credit facilities to ease a cash crisis that has crippled local industry, President Emmerson Mnangagwa said yesterday at the official opening of the ...Published: 19 Sep 2018 at 06:27hrs | 1511 | by Staff reporter
Hiding in the comforts of Sweden: Paul Siwela pens a letter to Mnangagwa
Dear Bhudi Paul, With dismay I read the letter you wrote President Mnangagwa today. I hasten to say that I was disappointed by this militant language you have now adopted as a party: MLO. What...Published: 18 Sep 2018 at 20:25hrs | 3473 | by Nomazulu Thata
Mnangagwa says no to return of Zimdollar
According to Zimbabwe's new president, conditions are not yet right for foreign currencies to be replaced by the Zimbabwean dollar.Zimbabwe's new president on Tuesday ruled out an early return...Published: 18 Sep 2018 at 19:37hrs | 10871 | by AFP
Zimbabwe to continue using multicurrencies
Zimbabwe's use of the multicurrency system will continue until such a time that the country's macroeconomic fundamentals have re-aligned, President Emmerson Mnangagwa said today in his inaugural State...Published: 18 Sep 2018 at 19:36hrs | 1978 | by Staff reporter
Mthuli Ncube moves to stabilise forex markets
The Government has negotiated several foreign currency facilities that are set to ease liquidity challenges in the economy, as well as curb parallel forex market activity, President Mnangagwa said tod...Published: 18 Sep 2018 at 16:33hrs | 5353 | by Staff reporter
Mnangagwa lays down legislative agenda
President Emmerson Mnangagwa has officially opened the 9th Parliament of Zimbabwe, and pronounced the legislative agenda which is guided by the need to align laws to the new constitution, to further d...Published: 18 Sep 2018 at 12:41hrs | 6017 | by Staff Reporter
Mnangagwa must take a chance on Mthuli Ncube's ideas
It is clear that Zimbabwe's new Finance minister Mthuli Ncube is not a shy man and neither is he a coward. He would have been aware, weeks in advance, that he would be appointed Zimbabwe's Treasury ch...Published: 18 Sep 2018 at 08:25hrs | 4698 | by Staff reporter
US$ black market rate spirals
Exchange rates on Zimbabwe's parallel market have risen sharply in the past week to 100% for real time gross settlement (RTGS) transfers, triggering fears of more price increases.Zimbabwe's ch...Published: 18 Sep 2018 at 07:42hrs | 4470 | by Staff reporter
Zimbabwe economy on the mend
Zimbabweans have entered the most anxious week. The new cabinet flew into a cholera crisis and from nowhere prices sky rocketed and rates came to obnoxious stinking levels. Mthuli Ncube's first week i...Published: 18 Sep 2018 at 07:32hrs | 2728 | by Dr Masimba Mavaza
Driving policies towards Vision 2030
Zimbabwe has a new socio-political order. This has been dubbed the Second Republic, which is under the new dispensation. A new national policy is being crafted and hopefully will soon be unveiled. ...Published: 18 Sep 2018 at 06:29hrs | 190 | by Nick Mangwana
Zimbabwe inflation breach danger zone
Zimbabwe's annual inflation rate rose 0,54 percent to 4,83 percent in the month of August, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. This was a marginal uptu...Published: 18 Sep 2018 at 06:28hrs | 626 | by Staff reporter
Mthuli Ncube secures $250m loan
The new Minister of Finance and Economic Development, Professor Mthuli Ncube has secured a $250 million commercial loan facility from an international finance company, Gemcorp through the Reserve Bank...Published: 17 Sep 2018 at 19:58hrs | 10494 | by Staff reporter
Zivhu calls for probe into cash vending
CHIVI SOUTH legislator Killer Zivhu (Zanu-PF) feels the government and the Reserve Bank of Zimbabwe (RBZ) must investigate circumstances resulting in the current cash crisis in the formal banking syst...Published: 17 Sep 2018 at 07:10hrs | 1359 | by Staff reporter
Datlabs invests $1 million
PHARMACEUTICAL and personal care products maker, Datlabs Limited, has invested $1 million in capital expenditure meant to bolster production capacity and meet market supply requirements. The B...Published: 17 Sep 2018 at 06:47hrs | 207 | by Staff reporter
$6m ethanol project takes shape
The National Oil Infrastructure Company of Zimbabwe (NOIC) is targeting to complete the construction of two ethanol storage tanks with capacity of 6 million litres at its Mabvuku Depot in Harare by en...Published: 17 Sep 2018 at 06:39hrs | 167 | by Staff reporter
Mthuli Ncube's mission impossible?
While everyone in President Emmerson Mnangagwa's Cabinet is expected to hit the ground running, it is Finance minister Mthuli Ncube who has the most difficult mission to accomplish.Mnangagwa r...Published: 16 Sep 2018 at 13:34hrs | 2317 | by Staff reporter
Zimbabwe MPs challenged to forego cars
ZANU-PF MPs have called on colleagues in Parliament to forgo their perks including top-of-the-range vehicles worth over $20m that government is set to buy them and channel the resources towards combat...Published: 16 Sep 2018 at 13:31hrs | 3337 | by Staff reporter
Govt speaks on fuel situation
Erratic fuel supplies being experienced throughout the country have now been addressed, the Zimbabwe Energy Regulatory Authority (Zera) told the Daily News on Sunday yesterday.Zera chief execu...Published: 16 Sep 2018 at 13:28hrs | 1016 | by Staff reporter
Mthuli Ncube's five big challenges
NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube faces the unenviable task of navigating Zimbabwe's stuttering economy through serious challenges and will need to make tough deci...Published: 16 Sep 2018 at 09:11hrs | 3601 | by Staff reporter
New exam subjects for pupils
More than 16 000 Ordinary and Advanced Level candidates will this year sit for the recently introduced Physical Education, Sport and Mass Displays exams as Government equips pupils with physical liter...Published: 16 Sep 2018 at 08:47hrs | 511 | by Staff reporter
Zimbabwe's future is bright, says Mangudya
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says the economy has performed well under difficult circumstances and the future is bright, particularly following the announcement of a "dream...Published: 16 Sep 2018 at 07:22hrs | 5675 | by Staff Reporter
Black market rates soar
The bond note has continued to lose ground on the black market, with rates reaching a staggering 100 percent to the United State dollar yesterday.Last week, the bond was trading below 90 perce...Published: 15 Sep 2018 at 21:53hrs | 4447 | by Staff reporter
Chamisa to expose Mnangagwa-linked companies
This threat was made in March 2018 and nothing was exposed, one wonders whether Nelson Chamisa had anything to expose.OPPOSITION leader and MDC Alliance...Published: 15 Sep 2018 at 09:27hrs | 4730 | by Staff reporter
Bread price shoots up, bakeries shut down
THE price of bread is set to go up today as bakers struggle to secure flour amid rising operational costs and shortage of foreign currency to buy essential raw materials and equipment, it has emerged....Published: 15 Sep 2018 at 09:24hrs | 2873 | by Staff reporter
Let's give Mnangagwa a chance to turnaround Zimbabwe
For a long time, Zimbabwe was a country in the wilderness with little taking place, but since November 24, 2017 when President Mnangagwa took over the levers of powers, things started to tick. He emba...Published: 15 Sep 2018 at 09:16hrs | 192 | by Elijah Chihota
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