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The cost of coronavirus in Africa: What measures can leaders take?
With the novel coronavirus COVID-19 having reached the African continent, countries are getting ready to manage the spread of the virus and ensure that their fragile health systems can cope. Images fr...Published: 2 hrs ago | 124 | by Dorothy Tembo
Eskom confirms that Zimbabwe has paid off all its debts
Eskom spokesperson Sikonathi Mantshantsha confirmed that Zimbabwe has paid off all its debts. He said Zimbabwe had settled its historical obligations. "Eskom can confirm th...Published: 22 hrs ago | 1319 | by Staff reporter
Zimbabwe to be in hard times after corona virus
The coronavirus outbreak, which originated in China, has infected more than a million people and it's still counting. Its spread has left businesses around the world counting costs and rea...Published: 31 Mar 2020 at 07:52hrs | 650 | by Dr Masimba Mavaza
Zimbabwe parallel market rates nosedive
THE value of the United States dollar against the Zimbabwe dollar on the parallel market has nosedived due to a drop in demand, economists have said.The depreciation comes hardly a week after ...Published: 30 Mar 2020 at 18:58hrs | 7520 | by Staff reporter
BREAKING: Zimbabwe clears ESKOM debt
The Minister of energy Advocate Fortune Chasi has announced that Zimbabwe has cleared all the debt that it owes to South Africa's power utility ESKOM. Said Chasi, "Hard to believe but ESCOM ha...Published: 30 Mar 2020 at 18:37hrs | 6553 | by Mandla Ndlovu
Zim could have provided social safety to citizens - ZimFirst leader
ZimFirst leader Maxwell Shuba has said the country could have provided social safety to citizens during the period they face challenges economically, health and social."Over the course of the ...Published: 30 Mar 2020 at 15:42hrs | 623 | by Stephen Jakes
Businessman challenges auctioning of property
PROMINENT Bulawayo businessman Ismail Moosa Lunat has approached the High Court challenging the auctioning of his property over a debt of more than US$384 000 that he owes fellow businessman Mr Mohamm...Published: 30 Mar 2020 at 08:11hrs | 279 | by Staff reporter
Red flag over Mnangagwa's lockdown
The government yesterday moved to exempt certain sectors from the lockdown that begins tomorrow after industry warned that forcing all companies to shut down will ground the fragile economy.Pr...Published: 29 Mar 2020 at 11:19hrs | 8369 | by Staff reporter
Govt appeals Hwange ruling
LONG-DRAWN-OUT boardroom wrangles at Hwange Colliery Company Limited have taken yet another twist after the government lodged an appeal at the Supreme Court challenging a High Court ruling quashing it...Published: 28 Mar 2020 at 08:06hrs | 562 | by Staff reporter
Govt managing COVID-19 information: CSOs
GOVERNMENT has been challenged to come clean on COVID-19 by disseminating correct information on the pandemic in Zimbabwe amid concerns that testing centres were only in Harare and Bulawayo, leaving t...Published: 28 Mar 2020 at 07:44hrs | 400 | by Staff reporter
US donates US$470,000 to combat COVID-19
THE United States yesterday pledged US$470 000 to combat COVID-19 in Zimbabwe and to complement World Health Organisation (WHO) efforts to prepare large-scale testing for coronavirus in the country....Published: 28 Mar 2020 at 07:43hrs | 467 | by Staff reporter
South Africa now sub-investment grade
Rating agency Moody's has cut South Africa's sovereign credit rating to sub-investment grade, meaning the country now has a junk rating from all three major international rating agencies. The ...Published: 28 Mar 2020 at 07:31hrs | 246 | by Staff reporter
Company challenges USD-Zimdollar ruling
THE legal validity of a Supreme Court judgment which converted United States dollar debts to the Zimdollar at a rate of 1:1 in line with Statutory Instrument 33 of 2019, must be tested by a nine-judge...Published: 25 Mar 2020 at 05:45hrs | 1167 | by Staff reporter
Mupfumira case deferred
Harare regional magistrate Mr Crispen Mberewere yesterday deferred the criminal abuse of office charges against former Cabinet minister Prisca Mupfumira and ex-Public Service, Labour and Social Welfar...Published: 25 Mar 2020 at 05:44hrs | 361 | by Staff reporter
Choppies restructures to lift suspension
Gaborone, 23 March 2020: Supermarket giant Choppies Enterprises Limited (CEL) is overhauling its corporate governance in preparation for the lifting of the suspension of trading in its shares on the B...Published: 24 Mar 2020 at 18:33hrs | 1985 | by Staff reporter
Achieving an efficient interbank market
The Zimbabwean government announced that it was going to introduce a managed floating exchange rate system in order to manage exchange rate volatility. The move is also aimed at bringing transparency ...Published: 24 Mar 2020 at 18:32hrs | 1129 | by Victor Bhoroma
Achieving an efficient interbank market
The Zimbabwean government announced that it was going to introduce a managed floating exchange rate system in order to manage exchange rate volatility. The move is also aimed at bringing transparency ...Published: 24 Mar 2020 at 11:58hrs | 917 | by Victor Bhoroma
Mnangagwa is sucked into multi-million Zisco assets stripping
A fresh probe has revealed that the government facilitated a shady US$225 million deal meant to strip the comatose Zimbabwe Iron and Steel Company (Zisco) of its critical assets.The investigat...Published: 23 Mar 2020 at 05:41hrs | 1066 | by Everson Mushava
Load-shedding to go by June, claims Zesa
LOAD-SHEDDING is expected to significantly ease within the next three months as the country is close to settling its debt with South Africa's Eskom - one of the country's major power suppliers - while...Published: 23 Mar 2020 at 05:34hrs | 526 | by Staff reporter
Zesa cuts Eskom debt to US$4m
LOAD-SHEDDING is expected to significantly ease within the next three months as Zimbabwe is close to settling its debt with South Africa's Eskom - one of the country's major power suppliers - while pa...Published: 23 Mar 2020 at 05:27hrs | 195 | by Staff reporter
Jobs bloodbath hits Zimbabwe firms
A staggering 210,333 jobs were made redundant in 2019 as local companies threw workers onto the streets in response to the realities of a debilitating liquidity crunch, low productivity, punitive real...Published: 21 Mar 2020 at 06:21hrs | 3072 | by Staff reporter
IMF team returns to Zimbabwe
An International Monetary Fund (IMF) team will be in Zimbabwe next month for discussions on the second phase of the supervised economic reform plan after Harare missed targets it had set in the inaugu...Published: 21 Mar 2020 at 06:20hrs | 858 | by Staff reporter
Mnangagwa blocks Mbeki mediation
SADC leaders have been left frustrated by President Emmerson Mnangagwa's administration following his decision to block former South African president Thabo Mbeki (pictured) from mediating in the prop...Published: 20 Mar 2020 at 20:43hrs | 3269 | by Staff reporter
The Shona peoples learning hard facts about Zanu PF mentality
Listening to the video circulating around, young people all from Mashonaland are openly lamenting recent Mnangagwa's hate speech who of late uttered what he knows best: about rounding people up with c...Published: 20 Mar 2020 at 13:26hrs | 3646 | by Nomazulu Thata
9 airlines in race to lease Air Zimbabwe B-777s
Nine airlines have shown interest in leasing Air Zimbabwe's two long-haul Boeing 777-200ERs acquired from Malaysia in a deal expected to generate up to US$400 000 a month. Ethiopian Airlines is unders...Published: 18 Mar 2020 at 06:21hrs | 588 | by Staff reported
Chad 'repaying $100m debt to Angola with cattle'
Chad is repaying Angola a debt of $100m (£82m) with cattle, Angola's state-run newspaper has reported.The unusual agreement is seen as creating a win-win situation for both nations - Chad is ...Published: 17 Mar 2020 at 15:02hrs | 1733 | by Staff reporter
Bakers send SOS to Government
The Bakers Association of Zimbabwe (BAZ )wants the Government to extend the period it granted them to import flour and to contract farmers to grow more wheat this winter season to boost local supplies...Published: 17 Mar 2020 at 06:28hrs | 401 | by Staff reporter
Sakunda Holdings scoffs at state capture claims
SAKUNDA Holdings yesterday denied capturing government, insisting the Command Agriculture deal was approved by Cabinet and that the company was allocated US$1,010 billion by the Reserve Bank of Zimbab...Published: 17 Mar 2020 at 06:21hrs | 599 | by Staff reporter
Dual Monetary Economy: Organized Chaos
Despite the visible momentum towards full re-dollarization and apparent depreciation of the Zimbabwean Dollar, the Reserve Bank of Zimbabwe (RBZ) declared that de-dollarization is well on course. The ...Published: 16 Mar 2020 at 11:11hrs | 2723 | by Victor Bhoroma
Chamisa ring-fences sitting MPs
OPPOSITION MDC leader Nelson Chamisa has dissuaded his party councillors from challenging siting MPs to avoid destabilising the party, a move likely seen by observers as an act of ring-fencing his cur...Published: 16 Mar 2020 at 07:09hrs | 2450 | by Staff reporter
ZIFA has been facing challenges for the past years - Coventry
THE MINISTER of Youth, Sports,, Arts and Recreation Kersty Coventry has revealed that the Zimbabwe Football Association has been facing serious challenges...Published: 15 Mar 2020 at 14:22hrs | 1535 | by Stephen Jakes
Mthuli Ncube is going nowhere
Every Saturday morning, especially when the weather is beneficent, I take a copy of the Big Saturday Read by the supreme brother Alex Magaisa to my garden chair and settle myself with some expectation...Published: 15 Mar 2020 at 11:07hrs | 1380 | by Kenneth Mufuka
Chauya Chikwata bounces back through the back door
FORMER Premiership championship winners and one of the oldest football clubs in the country, Zimbabwe Saints are set to bounce back into top echelons of the game after registering to play in the Zifa ...Published: 15 Mar 2020 at 08:55hrs | 4611 | by Staff reporter
'Dump Zimdollar'
THE government is coming under growing pressure to return the country to the general use of multi-currencies anchored by the American dollar, as the prematurely re-introduced Zim dollar continues to p...Published: 14 Mar 2020 at 23:56hrs | 1299 | by Staff reporter
Court okeys Chamisa ally's eviction
THE High Court has dismissed an appeal by Bulawayo MDC-Alliance proportional representation MP, Ms Dorcas Sibanda who was challenging eviction from her rented house in Paddonhurst suburb, Bulawayo ove...Published: 13 Mar 2020 at 16:01hrs | 2244 | by Staff reporter
Things fall apart as Zim$ crashes
There are fresh fears in the country- amid the continuing plunge of the Zimbabwe dollar on the black market and the ever rising prices of basic goods- that things could deteriorate to the horror level...Published: 12 Mar 2020 at 07:19hrs | 8908 | by Staff reporter
Mthuli Ncube moves to liberalise exchange rate
ZIMBABWE will adopt a "managed float" exchange rate regime, Finance minister Mthuli Ncube said yesterday, abandoning strict control of foreign exchange by the central bank in the latest move in a seri...Published: 12 Mar 2020 at 07:16hrs | 2053 | by Staff reporter
Mudslinging, smear campaign rocks Chamisa's MDC
MUDSLINGING and smear campaigns have rocked the opposition MDC as factional rifts widen amid reports of an impending High Court ruling aimed at ‘settling the main opposition leadership wrangle.'...Published: 10 Mar 2020 at 07:53hrs | 1829 | by Staff reporter
Millers pleads with Parly over US$43m debt
The Grain Millers Association of Zimbabwe (GMAZ) has pleaded with Parliament to assist its members settle a US$43m owed to wheat suppliers for 2017-2018 period.In letter penned by Tafadzwa Mus...Published: 10 Mar 2020 at 05:49hrs | 772 | by Staff reporter
Harare Mayor sets the record straight
Today the Mayor of Harare, Herbert Gomba has decided to decode his own narrative of the city's status quo.When you came at the summit of the metro where there ...Published: 09 Mar 2020 at 18:56hrs | 414 | by Daniel Itai
Zesa to load shedding by mid-year
ZESA has assured the nation that the prevailing load shedding will come to an end by mid-year as the country's power utility has embarked on ambitious programmes to address the situation. Due ...Published: 09 Mar 2020 at 05:31hrs | 4174 | by Staff reporter
Harare runs out of water treatment chemicals
Water shortages worsened in most Harare suburbs at the weekend due to inadequate treatment chemicals, with council reportedly pumping less than 100 mega-litres daily against a demand of 1 200 mega-lit...Published: 09 Mar 2020 at 05:24hrs | 223 | by Staff reporter
SADC fed up with Zimbabwe crisis?
FOR nearly two decades Zimbabwe has been reeling under a serious economic meltdown characterised by political upheavals, with the leadership and most African nations blaming these challenges on the ec...Published: 08 Mar 2020 at 13:16hrs | 5585 | by Staff reporter
Zinwa under fire over seized Gwanda vehicles
THE Zimbabwe National Water Authority (Zinwa) has come under fire for seizing Gwanda Town Council's vehicles following a dispute over a $17 million debt for water suppliers.Zinwa seized counci...Published: 08 Mar 2020 at 08:35hrs | 196 | by Staff reporter
Bulawayo City Council to repossess properties
THE Bulawayo City Council will repossess 26 properties in the city after their owners failed to heed an ultimatum requiring them to either pay their rates or resume development works within their stan...Published: 08 Mar 2020 at 08:25hrs | 800 | by Staff reporter
Zimdollar crashes, fuel prices shoot up
THE prices of basic goods and services are set to skyrocket anew, after the local currency plunged against the United States dollar on the black market yesterday, the Daily News reports.This c...Published: 07 Mar 2020 at 18:08hrs | 6601 | by Staff reporter
'CIO' fraudster changes plea
A SERIAL fraudster in Bulawayo who masqueraded as a top Central Intelligence Organisation (CIO) officer and a close security aide to President Mnangagwa before duping Ingwebu Breweries of fuel and mon...Published: 07 Mar 2020 at 06:45hrs | 168 | by Staff reporter
Zinwa to auction Gwanda council vehicles
THE Zimbabwe National Water Authority (Zinwa) has defied a government directive to release Gwanda Town Council vehicles attached over a $17 million debt and has invited bids for the ambulances and fir...Published: 06 Mar 2020 at 12:38hrs | 1120 | by Staff reporter
Questions on IMF, Zim optimism
MEDIA reports on the International Monetary Fund (IMF) Article IV Consultation with Zimbabwe which were deliberated upon by the executive board of the international financial institution last week on ...Published: 06 Mar 2020 at 06:15hrs | 311 | by The Brett Chulu
Zimra ordered to refund firm $545,000
The High Court has ordered the Zimbabwe Revenue Authority to refund Benchman Investments (Pvt) Ltd $545 058 it paid 14 years ago as unjustified duty-fee for its imported vehicles. Benchman Inv...Published: 06 Mar 2020 at 05:54hrs | 2063 | by Staff reporter
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