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Con woman in court over US$488 000 fraud
A 33-year-old Harare suspected con-artist who dropped President Emmerson Mnangagwa's name in a fraud case involving close to half a million United States dollars has been further remanded in custody t...Published: 11 hrs ago | 934 | by Staff reporter
Why are Zimbabwean companies failing to pay taxes?
A ZIMBABWE Revenue Authority (Zimra) annual report for 2020 released last week confirmed the heavy burden that the country's industries are battling to contain — outstanding taxes are mounting, and ...Published: 22 hrs ago | 575 | by Staff reporter
Arenel invests US$3m, expands export footprint
BUOYED by enhanced production capacity following recent capital investments, diversified food producer, Arenel Private Limited, now targets widening export market beyond Africa while creating more job...Published: 22 hrs ago | 317 | by Staff reporter
Poor roads haunt region
WHILE roads development brings social, cultural and economic changes in the lives of people in terms of providing connectivity between places and reducing poverty, in rural Matabeleland it is a privil...Published: 19 Sep 2021 at 08:40hrs | 138 | by Staff reporter
Zera probe unearths fuel scam
AN investigation by the Zimbabwe Energy Regulatory Authority (ZERA) has unearthed "massive abuse" of the Zimbabwean dollar fuel facility by oil marketers that insist on US dollar payments despite acce...Published: 19 Sep 2021 at 08:12hrs | 169 | by Staff reporter
Zimbabwe loses US$1,3bn in forex leaks
ABOUT US$1,3 billion is being siphoned out of the country every year and the proceeds are benefitting countries that ironically accuse Government of corruption.This was revealed by the Zimbabw...Published: 19 Sep 2021 at 08:10hrs | 228 | by Staff reporter
Africa: A complex trajectory and legacy of military coups
FOR their spectacular nature, coups always appear like new phenomena when actually they are an old military and political issue that dates back to the genesis of humanity.It is like that in th...Published: 18 Sep 2021 at 19:49hrs | 629 | by William Jethro Mpofu
'Bosso now an attractive club, thanks to Sakunda’
THE melancholy that Highlanders were subjected to from June came to an end on Tuesday when giant energy company Sakunda Holdings unveiled a game-changing multi-million dollar sponsorship deal for the ...Published: 18 Sep 2021 at 06:25hrs | 1878 | by Staff reporter
Misa Zim hails licencing of community radios
THE Media Institute of Southern Africa (Misa) Zimbabwe yesterday said the licensing of eight more community radio stations will enhance access to information and exchange of ideas on issues that affec...Published: 17 Sep 2021 at 20:19hrs | 110 | by Staff reporter
NSSA, banks in talks over charges
THE National Social Security Authority (NSSA) says it has lined up a cocktail of incentives to improve pensioners' incomes, including removing bank charges.Nssa deputy director for social secu...Published: 17 Sep 2021 at 06:23hrs | 345 | by Staff reporter
'Zimbabwean families struggling to buy food'
LEADING consumer bodies have confirmed that residents are experiencing decreased food levels in households on the back of the rising cost of living.This comes following a recent damning report...Published: 17 Sep 2021 at 06:19hrs | 284 | by Staff reporter
Mthuli Ncube in US
ZIMBABWE will seek to raise $200m in a debut domestic US dollar bond sale on its stock exchange in Victoria Falls that trades exclusively in foreign currency, says finance minister Mthuli Ncube....Published: 16 Sep 2021 at 19:50hrs | 1055 | by Staff reporter
A Guide on cross-chain technology that will help you comprehend it
As more businesses, large organizations, and startups use blockchain technology; they realize that no blockchain protocol exists or functions to its full potential under complete anonymity. Interopera...Published: 16 Sep 2021 at 13:53hrs | 201 | by Staff Writer
‘Zanu-PF fears diaspora vote could push it out of power'
ZIMBABWEANS in the diaspora yesterday challenged the ruling Zanu-PF party to allow them to vote in the 2023 elections, saying denying them their right exposes the ruling party's fear of losing polls....Published: 16 Sep 2021 at 06:04hrs | 1175 | by Staff reporter
VFEX moves to fund tobacco
ZIMBABWE'S bourses have moved to help the tobacco farming sector raise foreign currency for their operations, in a development seen as a solution to the industry's a long-running capital crisis....Published: 16 Sep 2021 at 06:03hrs | 224 | by Staff reporter
Mnangagwa turns 79
PRESIDENT Emmerson Mnangagwa today celebrates his 79th birthday with the dream of a better and greater Zimbabwe still his main mission. Since his inauguration in November 2017, Mnangagwa has remained ...Published: 15 Sep 2021 at 06:19hrs | 3070 | by Staff reporter
Bosso, Dembare hail Sakunda deal
Premier Soccer League giants Highlanders and Dynamos have hailed their new-found partnership with energy giants Sakunda Holdings, who unveiled a sponsorship package of about US$5 million in Harare las...Published: 15 Sep 2021 at 05:47hrs | 397 | by Staff reporter
Zimbabwe prices near regional parity
PRICES of basic commodities in Zimbabwe are approaching parity with those in neighbouring South Africa and other parts of the region, with some goods actually now priced lower on the domestic market, ...Published: 14 Sep 2021 at 06:00hrs | 293 | by Staff reporter
British American Tobacco (BAT) negotiated bribe for Mugabe, new evidence suggests
A BBC Panorama investigation has found evidence that suggests one of Britain's biggest companies paid a bribe to the former Zimbabwean leader Robert Mugabe.Documents show British American Toba...Published: 13 Sep 2021 at 10:26hrs | 3675 | by BBC
Viral message on Zimbabwe civil servants trips to SA is fake
PUBLIC Service minister Paul Mavima yesterday admitted that civil servants could not afford locally made products and recommended that government sponsors them to buy cheaper goods in neighbouring Sou...Published: 13 Sep 2021 at 06:15hrs | 1967 | by Staff reporter
Sakunda oils Dembare, Bosso
Premier Soccer League giants Dynamos and Highlanders have received a major boost after petroleum company Sakunda committed to a sponsorship package worth US$3 million over three years.The comp...Published: 13 Sep 2021 at 06:11hrs | 1485 | by Staff reporter
Arenel gets SEZs status
ONE of Bulawayo's top companies, Arenel Private Limited, has been granted a special economic zone (SEZ) status, a decision meant to add impetus to the firm's production efficiencies. A SEZ is ...Published: 13 Sep 2021 at 05:53hrs | 243 | by Staff reporter
Rising cement prices choke construction sector
Zimbabwe's construction sector is on a massive rebound, boosted by public spending on infrastructure and private development, but recent rising cement prices is becoming a major threat to the industry...Published: 13 Sep 2021 at 05:51hrs | 432 | by Staff reporter
Sakunda seals record sponsorship with Bosso
A company linked to corruption involving billions of dollars is set to be unveiled as the flagship sponsor of Zimbabwe's two biggest football clubs, Dynamos and Highlanders.Sakunda Holdings, w...Published: 12 Sep 2021 at 12:33hrs | 2803 | by Staff reporter
Bloodbath in banking sector
ZIMBABWE'S banks, under siege from prolonged market turbulences and the Covid-19 scourge, fired almost 300 workers during the seven months to July, continuing a carnage sparked by the worldwide migrat...Published: 12 Sep 2021 at 08:55hrs | 769 | by Staff reporter
FCB forex indexed loans rise
FIRST Capital Bank (FCB) says it grew foreign currency indexed loans to US$18,7 million during the half year ended June 30, 2021, as United States dollarbased deposits increased during the period....Published: 12 Sep 2021 at 08:55hrs | 174 | by Staff reporter
'West funding teachers unions to destabilise Zimbabwe govt'
Acting Public Service minister Paul Mavima on Wednesday accused foreign countries of funding teachers unions to destabilise the Zanu-PF government through recurrent salary strikes.In an interv...Published: 11 Sep 2021 at 12:47hrs | 397 | by Staff reporter
Treasury loses $112 billion to dodgy crony tax exemptions
TREASURY, always in financial dire straits, lost about ZW$112 billion in potential revenue last year (approximately US$1.3 billion on the official exchange rate) through tax expenditures consisting of...Published: 10 Sep 2021 at 18:52hrs | 292 | by Staff reporter
High Court postpones teachers' unions case
Bulawayo High Court judge Justice Nokuthula Moyo on Wednesday postponed, on a technicality, the case in which a nine-year-old pupil is seeking to stop teachers from engaging in industrial action over ...Published: 10 Sep 2021 at 07:24hrs | 199 | by Staff reporter
Bureaux de change start selling US dollars to public
BUREAUX de change yesterday started selling foreign currency to ordinary walk-in customers as per the resolutions of Reserve Bank of Zimbabwe monetary policy committee MPC) meeting last month to promo...Published: 10 Sep 2021 at 07:19hrs | 748 | by Staff reporter
Inside the cotton value chain
Cotton has been grown in Zimbabwe from as far back as 1940, even though production was enhanced after the establishment of the Cotton Marketing Board (CMB) in 1969. The white Gold is the second most i...Published: 09 Sep 2021 at 19:33hrs | 345 | by Victor Bhoroma
Education Perm Sec riles teachers
TEACHERS unions have demanded an apology from the government following remarks by Primary and Secondary Education secretary Tumisang Thabela that educators who could not afford to travel back to their...Published: 09 Sep 2021 at 06:13hrs | 2086 | by Staff reporter
Armed robbers kill man in home raid
A Bulawayo man was shot dead at his home by four suspected armed robbers in an attack that left his neighbour with gunshot wounds. The man's family talked about the devastation of losing a loved one f...Published: 09 Sep 2021 at 06:11hrs | 2128 | by Staff reporter
Zimbabwe foreign currency receipts jump to US$5bn
ZIMBABWE'S foreign currency receipts have risen by 32 percent to US$5,09 billion in the last eight months against US$3,85 billion received in the corresponding period last year. The bulk of th...Published: 09 Sep 2021 at 06:11hrs | 539 | by Staff reporter
Zimbabwe govt COVID-19 response driven by ignorance and ego than logic and science
As the COVID-19 pandemic continues to make global headlines, and issues of how to respond to it - most particularly, faced with restive populations divided between those who want to be vaccinated, and...Published: 08 Sep 2021 at 17:27hrs | 742 | by Tendai Ruben Mbofana
Mujuru's property escapes hammer
THE High Court has confirmed the provisional order granted on February 28 last year for stay of execution of a judgment allowing Tony Sarpo to attach former Vice-President Joice Mujuru's property over...Published: 08 Sep 2021 at 06:20hrs | 2331 | by Staff reporter
Nust makes top appointment
THE National University of Science and Technology (Nust) has appointed experienced medical doctor, Professor Elopy Sibanda as the institution's executive dean in the Faculty of Medicine. Prof ...Published: 07 Sep 2021 at 06:11hrs | 3659 | by Staff reporter
Zera defers announcement of new fuel prices to later date
THE Zimbabwe Energy Regulatory Authority (ZERA) has deferred to a later date the announcement of new fuel prices.The parastatal is expected to announce new fuel prices by the fifth of every mo...Published: 06 Sep 2021 at 19:22hrs | 386 | by Staff reporter
Banks wary of lending out US dollar loans
ZIMBABWE'S banks are sitting on US$1.7 billion and not willing to lend it to corporates due to the uncertainty around currency reforms which exposes them if they issue United States dollar-denominated...Published: 06 Sep 2021 at 06:50hrs | 2437 | by Staff reporter
Jobs bloodbath at CBZ Holdings
FINANCIAL services giant, CBZ Holdings Limited has sent dozens of workers home after completing an extensive review of its business model, the second such bold move within a few months.NewsDay...Published: 06 Sep 2021 at 05:31hrs | 5980 | by Staff reporter
Grobbelaar was declared a persona non grata during Mugabe era
FORMER Zimbabwe and Liverpool goalkeeper Bruce Grobbelaar has made sensational revelations that he had been declared a persona non grata and his passport confiscated by the Government in 2007. ...Published: 06 Sep 2021 at 05:22hrs | 4078 | by Staff reporter
Will the IMF US$961m windfall rescue Zimbabwe?
According to the International Monetary Fund (IMF), Covid-19 has caused substantial long-term global macroeconomic environment change, and the pandemic inflicted long-term scars on the global economy....Published: 05 Sep 2021 at 07:04hrs | 238 | by Learnmore Nyamudzanga
Mthuli Ncube to launch US$ bond on VFEX
WITH the Victoria Falls Stock Exchange (VFEX) being one of the innovation reforms meant to support the process of financial deepening, Government is working on launching a US$ bond and list it on the ...Published: 05 Sep 2021 at 06:58hrs | 1849 | by Staff reporter
Nightmare for teachers as transporters demand forex
TEACHERS and other school support staff are facing a nightmare to get to their respective stations ahead of full schools opening tomorrow after it emerged that inter-city buses are still banned except...Published: 05 Sep 2021 at 06:54hrs | 315 | by Staff reporter
IMF SDR release puts Biti in his place
IN April 2021, the International Monetary Fund's Catastrophe Containment and Relief Trust (CCRT) granted debt relief to the 28 poorest and most vulnerable countries hit by catastrophic natural disaste...Published: 05 Sep 2021 at 06:53hrs | 1092 | by Nobleman Runyanga
Bitcoin pyramid scheme collapses
INNOCENT Matongo, a Zimbabwean expatriate worker based in Boksburg, South Africa is ruing the day he decided to latch on to a get-rich-quick scheme.After investing thousands of United States d...Published: 05 Sep 2021 at 06:52hrs | 494 | by Emmanuel Kafe
Zimbabwe's exports on the rise
AMID the pervasive disruption to world trade caused by the coronavirus pandemic, Zimbabwe's exports held up well between January-June this year compared to the same period last year.According ...Published: 05 Sep 2021 at 06:51hrs | 396 | by Allan Majuru
'Revamp Zupco operations'
Stakeholders in the public transport system have implored Government to revamp Zupco's operations and improve efficiency for the convenience of the commuting public. The sentiments follow incr...Published: 04 Sep 2021 at 18:07hrs | 346 | by Staff Reporter
Lack of forex stalls broadcasting digital migration
ZIMBABWE'S Digital Migration Project (ZDMP) completion, from analogue to digital, has been stalled due to lack of injection of financial resources by the government, it has emerged.The project...Published: 03 Sep 2021 at 19:55hrs | 453 | by Staff reporter
'Top bankers assigned to guard Zimbabwe's IMF windfall'
Finance Minister Mthuli Ncube laid out a solid spending plan for the US$961 million recently injected by the International Monetary Fund (iMF), saying the windfall would be guarded by three top banker...Published: 03 Sep 2021 at 07:01hrs | 4889 | by Staff reporter
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