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Zimbabwe foreign currency remittances hit US$1,2 billion
FOREIGN currency remittances surged by 16,5% to hit a record US$1,2 billion in the first half of 2024 leaving diasporans standing out as lucrative foreign currency earners for the economy.The ...Published: 19 hrs ago | 358 | by Staff reporter
Mthuli Ncube backs down on taxes
The Zimbabwean government has removed value-added tax (VAT) from selected meat products, reduced presumptive taxes for informal traders, and mandated that all government service fees be paid in local ...Published: 19 hrs ago | 1230 | by Staff reporter
ZimBorders to read riot act to errant staff
ZimBorders, the company managing Zimbabwe's first commercialized border post at Beitbridge, has vowed to address issues of employee misconduct following complaints of client mistreatment and negligenc...Published: 19 hrs ago | 273 | by Staff reporter
Fresh blitz against illegal forex dealers in Zimbabwe
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) have initiated a crackdown on illegal currency traders. This week, numerous money changers were arrested, with many stil...Published: 19 hrs ago | 369 | by Staff reporter
Mthuli Ncube makes bold measures to anchor ZiG stability
The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term ...Published: 19 hrs ago | 289 | by Staff reporter
Finance Ministry blacklists 51 govt suppliers
The Treasury has blacklisted 51 government contractors for engaging in black market activities after receiving payments in local currency. Treasury boss Mthuli Ncube state...Published: 25 Jul 2024 at 12:48hrs | 783 | by Staff reporter
Major facelift for Chirundu border post
The Chirundu one-stop border post is set for a significant upgrade and modernization through a public-private partnership between the Government of Zimbabwe and the Chirundu Border Consortium, valued ...Published: 24 Jul 2024 at 09:00hrs | 159 | by Staff reporter
ZiG acceptance grows across Zimbabwe economy
The Reserve Bank of Zimbabwe (RBZ) has observed a growing acceptance of the local currency, ZiG, by both businesses and individuals, which aligns with the central bank's efforts to stabilize the econo...Published: 24 Jul 2024 at 08:54hrs | 1896 | by Staff reporter
ZiG tames inflation in Zimbabwe
Reserve Bank of Zimbabwe Governor Dr. John Mushayavanhu informed a Parliamentary committee that the new ZiG currency, introduced in April's Monetary Policy Statement, has stabilized the exchange rate ...Published: 23 Jul 2024 at 07:14hrs | 958 | by Staff reporter
Sim card scammers arrested with dozens of mobile phone lines
Four individuals, including a husband and wife, were arrested for fraud and money laundering, having scammed three people out of ZWG223,000. The suspects - Rumbidzai Tsongora (24), Tranos Taurai Muzan...Published: 22 Jul 2024 at 15:14hrs | 966 | by Staff reporter
Zimbabwe eyes US$272 billion global cannabis market
Zimbabwe's favorable climate for cultivating high-quality medicinal and recreational cannabis, combined with appropriate regulations and robust marketing strategies, holds significant economic potenti...Published: 22 Jul 2024 at 07:49hrs | 271 | by Staff reporter
IMF unhappy with Zambia's plan to end dollar use
Zambia's proposed ban on charging foreign currency in local transactions - punishable with 10-year jail terms - might defeat its own purpose, according to the International Monetary Fund.The c...Published: 21 Jul 2024 at 10:38hrs | 16477 | by Staff reporter
Neville Mutsvangwa's trial fails to take off
The trial of Neville Mutsvangwa, son of Zanu-PF spokesperson Christopher Mutsvangwa and Women's Affairs Minister Monica Mutsvangwa, did not proceed on Wednesday. Neville, who faces charges of ...Published: 19 Jul 2024 at 06:21hrs | 769 | by Staff reporter
Mliswa daughter's drug case set down for July 29
The trial date for M'diwa Chanetsa Mliswa, daughter of politician and village head Temba Mliswa, and her accomplice Tawanda Chigudu, has been set for July 29. They are charged with possession ...Published: 19 Jul 2024 at 05:58hrs | 117 | by Staff reporter
Zimbabwe's currency will remain fully backed by gold reserves
Zimbabwe's government will stick to what it promised when it launched a new currency in April by ensuring it remains fully backed by reserves, the central bank governor told Reuters on Wednesday, addi...Published: 18 Jul 2024 at 09:20hrs | 736 | by Staff reporter
Zimbabwe lifts ban on holiday lessons
The Zimbabwean government has lifted the ban on holiday classes for examination classes, while maintaining the ban for other pupils to ensure they rest during holidays. Holiday lessons for examination...Published: 18 Jul 2024 at 06:34hrs | 473 | by Staff reporter
ED2030 chorus grows louder
There is a growing movement within Zanu-PF structures and affiliates across Zimbabwe calling for President Mnangagwa to continue leading the country beyond 2028 to achieve Vision 2030. Despite Mnangag...Published: 18 Jul 2024 at 06:31hrs | 365 | by Staff reporter
Fintechs fly planes of cash into Zimbabwe
At least once a month - and sometimes as often as three times a week - a private plane lands in a secure part of Robert Gabriel Mugabe International Airport on the outskirts of the Zimbabwean capital,...Published: 17 Jul 2024 at 17:11hrs | 6629 | by Staff reporter
'ZiG scarcity a recipe for disaster'
Opposition party Labour Economists and Afrikan Democrats (LEAD) has raised concerns about the scarcity and lack of confidence surrounding Zimbabwe's newly introduced currency, the Zimbabwe Gold (ZiG)....Published: 17 Jul 2024 at 07:29hrs | 841 | by Staff reporter
Allow all Zimbabweans to import vehicles DUTY FREE your current policy is discriminatory
Zimbabwe, a country grappling with economic challenges, has recently made headlines with a policy decision that has sparked both debate and controversy. The government has partially lifted the ban on ...Published: 16 Jul 2024 at 20:58hrs | 927 | by Engineer Jacob Kudzayi Mutisi
Zimra wins landmark forex tax dispute
In a significant ruling, the Supreme Court has declared that taxpayers cannot avoid paying taxes in foreign currency when their income or sales are in foreign currency. This landmark decision arose fr...Published: 16 Jul 2024 at 13:33hrs | 1529 | by Staff reporter
AG report exposes massive looting in Zimbabwe
Government may have lost millions of US dollars in the procurement of vehicles for various ministries, including the police, that were never delivered. Acting auditor general Rea Kujinga's rep...Published: 15 Jul 2024 at 16:36hrs | 292 | by Staff reporter
Phala Phala farm scandal refuses to go away
President Cyril Ramaphosa's Phala Phala farm scandal refuses to go away.This comes after the Constitutional Court issued directives in the EFF matter to challenge Parliament's decision in 2022...Published: 15 Jul 2024 at 11:45hrs | 464 | by Staff reporter
Oppah Muchinguri's daughter held on fraud charges
Police detained the 35-year-old daughter of defence minister Oppah Muchinguri-Kashiri in a fraud investigation on Friday.Tanya Rozina Rushesha was arrested by detectives from the police commer...Published: 13 Jul 2024 at 11:35hrs | 129 | by Staff reporter
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 45 | by Staff writer
US$ shortage cripples Bulawayo road works
Bulawayo Mayor David Coltart highlighted significant challenges facing road maintenance in the city, citing a shortage of US dollars as a major hindrance. He explained to Southern Eye that co...Published: 12 Jul 2024 at 09:15hrs | 10 | by Staff reporter
Zimbabwe economy on the upswing, rating agency says
ICRA Rating, a UAE-based credit rating agency, has lauded Zimbabwe's economy for demonstrating impressive resilience and growth. The agency attributes this positive outlook to recent government initia...Published: 12 Jul 2024 at 09:15hrs | 28 | by Staff reporter
Govt acts against expired, underweight food products
Government has taken decisive action to address the proliferation of expired and counterfeit food products in Zimbabwe, particularly in tuckshops across central business districts. Health and ...Published: 12 Jul 2024 at 09:13hrs | 5 | by Staff reporter
Zimbabweans cross Zambia border for cheaper healthcare, medicines
At 5pm at the Victoria Falls border post, Margaret Tshuma - who has a 24-hour day pass to be in Zambia - is in a rush to return home to Zimbabwe before dusk.This is not the first time Tshuma, ...Published: 12 Jul 2024 at 07:26hrs | 29 | by Staff reporter
Zimbabwe must end 'dollar grip' to regain economic sovereignty
Zimbabwe must take the necessary steps to end its reliance on the dollar and increase the use of its own currency, Information Secretary Nick Mangwana said."The benefits of de-dollarisation fa...Published: 12 Jul 2024 at 07:24hrs | 8 | by Staff reporter
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 59 | by Nick Mangwana
Shortage of ZiG coins, notes affects Bulawayo vendors
Informal traders in Bulawayo are grappling with significant challenges due to the scarcity of Zimbabwe Gold (ZiG) notes and coins, which has severely impacted their ability to conduct business effecti...Published: 11 Jul 2024 at 07:26hrs | 8 | by Staff reporter
Zimbabwe's ZiG primed for seamless international acceptance and usage
THE country's new currency, Zimbabwe Gold (ZIG) widespread acceptance locally will trigger a seamless acceptance regionally, Monetary Policy Committee member Mr Persistence Gwanyanya has said....Published: 10 Jul 2024 at 15:50hrs | 24 | by Staff reporter
'Zacc, Parly must probe Beam funds abuse'
A social justice group has called for investigations by the Zimbabwe Anti-Corruption Commission and Parliament into alleged mismanagement and misuse of funds meant for the Basic Education Assistance M...Published: 10 Jul 2024 at 07:52hrs | 4 | by Staff reporter
Government's ZWL$1 billion debt cripples Zimpapers operations
The country's largest multimedia group, Zimpapers Limited is owed in excess of ZWL$1 billion by government departments and ministries, parliament has been told, a situation that has crippled its opera...Published: 09 Jul 2024 at 06:21hrs | 5 | by Staff reporter
John II's mission impossible to save Zimbabwe economy clocks 100 days
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 08 Jul 2024 at 11:06hrs | 3 | by Staff reporter
Zimbabwe diaspora remittances up 18%
The Zimbabwean government's engagement with its diaspora community has resulted in an 18% increase in remittances in the first quarter of the year compared to the same period last year. This achieveme...Published: 08 Jul 2024 at 10:41hrs | | by Staff reporter
Zimbabwe's traditional healers take to TikTok
WEARING a stylish black leather jacket and a red blouse, a denim sun hat covering her dreadlocked head, Gogo Mafirakureva goes live on TikTok.In just the first few minutes of her livestream, a...Published: 07 Jul 2024 at 18:01hrs | 2 | by Staff reporter
John II tames Zimbabwe currency turmoil
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 07 Jul 2024 at 11:54hrs | 1 | by Staff reporter
Reserves backing Zimbabwe's ZiG shoot to US$370 million
Prices of goods and services in Zimbabwe are expected to remain stable, thanks to increased cash and mineral reserves backing the new currency, Zimbabwe Gold (ZiG). These reserves have risen from US$2...Published: 07 Jul 2024 at 10:34hrs | 26 | by Staff reporter
Zimbabwe's civil servants long for GNU days
ZIMBABWE Prison and Correctional Service (ZPCS) officer Mbekezeli Dube* sits hunched over his desk in his discoloured uniform.The once-vibrant green shade is now a pale shadow of its former se...Published: 06 Jul 2024 at 11:48hrs | 7 | by Staff reporter
'2030 Mnangagwa will not be around'
President Emmerson Mnangagwa has made a significant announcement amidst factional tensions within Zanu-PF, stating that he will not seek a third term in office. Speaking ...Published: 05 Jul 2024 at 11:35hrs | 1 | by Staff reporter
Zimbabwe working towards de-dollarisation
Zimbabwe is on a phased trajectory towards de-dollarisation, as President Mnangagwa emphasized that relying on other countries' currencies, particularly those with negative views towards Zimbabwe, is ...Published: 05 Jul 2024 at 10:58hrs | 8 | by Staff reporter
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 7 | by MMatigary
Tongaat Hullets slams Zimbabwe's tough fiscal measures
Tongaat Hullets, a listed agriculture and agri-processing firm, has reported on its performance for the period ending March 31, 2024, amidst challenging fiscal measures in Zimbabwe. The compan...Published: 04 Jul 2024 at 10:29hrs | | by Staff reporter
Zimbabwe makes notable progress in Aids, malaria fight
Zimbabwe has shown notable progress in tackling major health challenges and stabilizing its economic environment, according to recent announcements by Information Minister Jenfan Muswere during a post...Published: 03 Jul 2024 at 13:57hrs | 7 | by Staff reporter
Latest ZiG song unites musicians
Kulcha Houz Studios, a prominent creative space in Harare, has become a key hub for Zimbabwean musical talent. It hosts studios in the central business district and Belvedere, where artists like Freem...Published: 03 Jul 2024 at 10:28hrs | | by Staff reporter
Zimra garnishes Gweru Council accounts
The Zimbabwe Revenue Authority (Zimra) recently garnished Gweru City Council's bank accounts to recover over ZWG3 million in unpaid taxes, affecting the council's financial transactions. Mayor Martin ...Published: 03 Jul 2024 at 10:27hrs | | by Staff reporter
ZiG helps maintain price stability in Zimbabwe
The price of basic commodities in Zimbabwe has remained stable in both ZiG and US dollar terms, with the local currency slightly appreciating against the US dollar due to government fiscal and monetar...Published: 03 Jul 2024 at 10:25hrs | 1 | by Staff reporter
Zimbabwe economy could hamper Mnangagwa's Brics ambition
President Emmerson Mnangagwa has announced Zimbabwe's readiness to join the BRICS grouping, claiming the country now has a stable currency and solid economic fundamentals. BRICS, comprising Brazil, Ru...Published: 02 Jul 2024 at 12:49hrs | 2 | by Staff reporter
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