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'Everyone can benefit from equitable resource distribution'
ZImBABWe has vast natural resources that if equitably distributed can meet the developmental needs of every citizen, a senior clergyman has said.A Zimbabwe Council of Churches official, bishop...Published: 14 hrs ago | 275 | by Staff reporter
MDC mayor bootlicks Mnangagwa
WHILE the MDC Alliance is blaming Zanu-PF for using Local government minister July Moyo to interfere into the operations of the councils under its ambit, MDC-T mayor for Mutare Blessing Tandi, last we...Published: 15 hrs ago | 2326 | by Staff reporter
Gweru City Council electricity bill doubles
Gweru City Council's electricity monthly bill doubled to $27 million and failure to service it could lead to water shortages, mayor Josiah Makombe has said.Makombe said council owed the power ...Published: 20 Sep 2021 at 07:14hrs | 87 | 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: 20 Sep 2021 at 07:13hrs | 736 | by Staff reporter
Why I wrote Mnangagwa book
Former MDC politician Eddie Cross says he could not turn down an opportunity to write President Emmerson Mnangagwa's autobiography because he was impressed with his attitude.Cross (EC), the au...Published: 19 Sep 2021 at 08:34hrs | 453 | by Staff reporter
Mugabe's contested legacy far from settled
TWO years after the death of former president Robert Mugabe, there remains no consensus regarding his legacy, with conflicting perceptions of the liberator-turned-despot dominating debate whenever his...Published: 18 Sep 2021 at 19:40hrs | 793 | by Staff reporter
Mnangagwa govt's fake mega-deals raised false hopes
IN the run-up to the 30 July 2018 elections, President Emmerson Mnangagwa repeatedly claimed that Zimbabwe had attracted investment commitments amounting to over US$16 billion since he took over power...Published: 18 Sep 2021 at 19:38hrs | 1009 | by Staff reporter
SMM saga sucks in Cyril Ramaphosa
FRIENDS of Shabanie and Mashava Mines Holdings (FoSMM) have filed papers at the Johannesburg High Court seeking an order to compel South African President Cyril Ramaphosa to ignore an administrator ap...Published: 17 Sep 2021 at 20:17hrs | 1462 | by Staff reporter
'Mnangagwa's govt can't account for US$5,8bn mega deals'
A RED flag has been raised over the government's failure to be transparent about US$5,8 billion dollar mega deals which it entered into following the fall of former President Robert Mugabe in No...Published: 17 Sep 2021 at 06:26hrs | 987 | by Staff reporter
Sex for debt landed me in jail
A man from Binga is languishing in prison after he was convicted on rape charges that he claims were manufactured by a neighbour who had failed to pay his debt on time.Sanele Ncube (46), who i...Published: 17 Sep 2021 at 06:15hrs | 2006 | 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 | 1057 | by Staff reporter
Mapeza saves Zifa blushes
Norman Mapeza has saved Zifa a coach crisis after agreeing to hold fort for three months despite the association owing him money from his previous stint with the Warriors.The former Warriors c...Published: 16 Sep 2021 at 06:01hrs | 963 | 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 | 3078 | by Staff reporter
Zanu-PF regime treating citizens like rubbish
IF the ever-bungling Zimbabwe regime had been a roving circus act, it would have been a huge hit, guaranteed my undying devotion and following — as it has proven to be thoroughly amusing, with its c...Published: 14 Sep 2021 at 06:07hrs | 239 | by Tendai Ruben Mbofana
Companies struggle to pay $7 billion tax
ZIMBABWE'S private sector owed the Zimbabwe Revenue Authority (Zimra) $6,5 billion in unpaid taxes at the end of last year, according to an annual report released by the tax collector.Zimra sa...Published: 13 Sep 2021 at 06:07hrs | 396 | by Staff reporter
Zimbabwe regime the one destabilizing country and inciting unrest by treating citizens like rubbish
If the ever-bungling Zimbabwe regime had been a roving circus act, they would have been a huge hit, and guaranteed my undying devotion and following - as they have proven to be thoroughly amusing, wit...Published: 11 Sep 2021 at 13:39hrs | 1210 | by Tendai Ruben Mbofana
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
Biti caution govt over IMF windfall
ZIMBABWE'S former Finance ministers Herbert Murerwa and Tendai Biti have warned the government against using the recent US$961 million worth of special drawing rights (SDRs) from the International Mon...Published: 10 Sep 2021 at 07:39hrs | 1793 | by Staff reporter
Lawyer in fraudulent sale of property
THE Law Society of Zimbabwe (LSZ) disciplinary and ethics committee (Dec) is set to make recommendations on allegations levelled against Harare lawyer, Kudzaishe Gama, who is being accused of facilita...Published: 10 Sep 2021 at 07:28hrs | 1068 | by Staff reporter
'Zanu-PF supporters shun loans with strings attached'
Zanu-PF supporters do not want external lenders and donors to enforce strict requirements such as promotion of democracy and respect of human rights, according to Afrobarometer, an independent pan-Afr...Published: 09 Sep 2021 at 06:16hrs | 1722 | by Staff reporter
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
Unpaid bills delay construction of Gweru fire sub-stations
GWERU City Council has said defaulting residents have delayed plans to raise $5 million required to kick-start the construction of two fire sub-stations in Mkoba and Senga suburbs.Speaking at ...Published: 08 Sep 2021 at 06:15hrs | 107 | by Staff reporter
NRZ clears $326m salary arrears
The National Railways of Zimbabwe (NRZ) has cleared its legacy salary arrears that accrued from 2012, after paying out $326 million to employees from its coffers, in a development that is expected to ...Published: 07 Sep 2021 at 18:25hrs | 371 | by Staff reporter
Zifa dangle US$64 000 winning bonus
ZIFA have dangled a US$64 000 winning bonus for the Warriors to inspire them to win the 2022 World Cup Group G qualifier against Ethiopia, at the Bahir Dar International Stadium, this afternoon. ...Published: 07 Sep 2021 at 06:08hrs | 1110 | 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
Zimra registers 21 643 new tax payers
THE Zimbabwe Revenue Authority (Zimra) says a total of 21 643 enterprises were registered as new tax payers in the year 2020 as the Government's efforts to widen revenue collection bear fruit. ...Published: 06 Sep 2021 at 05:19hrs | 88 | by Staff reporter
Zimbabwe makes first payment to Paris Club in 20 years
ZIMBABWE says it has made its first debt repayment to a group of creditor countries known as the "Paris Club" under a refreshed plan to clear up to US$10,7 billion owed to several multilateral funders...Published: 05 Sep 2021 at 07:06hrs | 2665 | by Staff reporter
Will the IMF US$961m windfall rescue Zimbabwe?
According to the International Monetary Fund (IMF), Covid-19 has caused substantial long-term global macroeconomic environment change, and the pandemic inflicted long-term scars on the global economy....Published: 05 Sep 2021 at 07:04hrs | 246 | by Learnmore Nyamudzanga
Mthuli Ncube to launch US$ 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
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 | 1093 | by Nobleman Runyanga
Mnangagwa says Zimbabwe is sinking in Chinese debt
PRESIDENT Emmerson Mnangagwa admitted on Wednesday that Zimbabwe is choking under Chinese debt, but said the southern African country would continue looking up to the Asian giant for bailout because o...Published: 03 Sep 2021 at 06:55hrs | 7103 | by Staff reporter
Mines troop to VFEX
GOVERNMENT says several mining firms have indicated plans to list on Zimbabwe's year-old bourse, the Victoria Falls Stock Exchange (VFEX).VFEX, which exclusively trades in foreign currency, ha...Published: 03 Sep 2021 at 06:51hrs | 234 | by Staff reporter
Air Zimbabwe resumes Harare-Johannesburg route
Air Zimbabwe yesterday resumed Harare-Johannesburg flights in a move expected to boost economic activity in the country.Flights are scheduled for every Monday, Wednesday, Friday and Sunday....Published: 02 Sep 2021 at 19:37hrs | 731 | by Staff reporter
2021 Mid Term Monetary & Budget analysis
The latest mid-term budget and monetary policy statements were presented in a low key mode with emphasis on avoiding policy shocks that can rock the economy. The Zimbabwean government revised upwards ...Published: 01 Sep 2021 at 15:30hrs | 485 | by Victor Bhoroma
Zesa, Kariba reach agreement
Kariba Municipality has worked out an agreement with the Zimbabwe Power Company (ZPC) which has seen electricity being restored to water intake and pump stations. As a result of the disc...Published: 01 Sep 2021 at 06:23hrs | 140 | by Staff reporter
Chamisa's MDC fears Zanu-PF will use IMF US$1 billion for 'electioneering'
Close to US$1 billion released to Zimbabwe by the International Monetary Fund (IMF) could be misused by the Zanu-PF government to finance its 2023 election campaign, the Movement for Democratic Change...Published: 30 Aug 2021 at 19:35hrs | 334 | by Staff reporter
Zesa disconnects Kariba over $39m debt
THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a subsidiary of Zesa Holdings, has notified the Kariba Municipality of its intention to disconnect power from the local authorit...Published: 30 Aug 2021 at 05:55hrs | 776 | by Staff reporter
Defaulting farmers to lose offer letters
Farmers who did not sell their maize to the Grain Marketing Board (GMB) or those that default on repayment of loans advanced to the them under the National Enhanced Agriculture Productivity Scheme (NE...Published: 30 Aug 2021 at 05:48hrs | 243 | by Staff reporter
IPP doubts Zimbabwe judiciary
AN independent power producer (IPP) that is battling to force Zesa Holdings to settle US$9 million for electricity transmitted into the national grid has cast doubts in the independence of the judicia...Published: 29 Aug 2021 at 07:14hrs | 251 | by Staff reporter
Zimbabwe's IMF funds targeted for industry
A portion of the US$961 million received from the International Monetary Fund (IMF) in the form of Special Drawing Rights (SDRs) could be used to extend concessionary loans to industry.The IMF...Published: 29 Aug 2021 at 07:10hrs | 153 | by Staff reporter
Zimbabwe rising to fastest growing economy in Africa
ZIMBABWE's economy is arguably the fastest growing on the African continent this year due to the sound policies being implemented by the Second Republic, President Mnangagwa has said.Economic ...Published: 29 Aug 2021 at 07:08hrs | 1117 | by Staff reporter
IMF funds to power Zimbabwe's economic agenda
The US$961 million boost received from the International Monetary Fund (IMF) last week will give impetus to the country's economic programmes guided by the five-year National Development Strategy 1 (N...Published: 29 Aug 2021 at 07:07hrs | 113 | by Staff reporter
Mnangagwa claims that Zimbabwean economy is in fast lane
Zimbabwe's economy is arguably the fastest growing on the African continent this year due to sound policies being implemented by the Second Republic, President Mnangagwa has said.Economic grow...Published: 29 Aug 2021 at 07:07hrs | 163 | by Staff reporter
Chamisa raises alarm over IMF funds which Biti wanted blocked
OPPOSITION MDC Alliance leader Nelson Chamisa yesterday expressed fear that President Emmerson Mnangagwa's Zanu-PF government could use the money sourced from the International Monetary Fund (IMF) for...Published: 27 Aug 2021 at 06:45hrs | 6155 | by Staff reporter
Zamco clears US$14,3m in bad debts
OVER 70% of the total loans taken over by the Zimbabwe Asset Management Company (Zamco) have been fully expunged, with the vehicle now seized with processes to wind up its operations ahead of its suns...Published: 27 Aug 2021 at 06:38hrs | 196 | by Staff reporter
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | 1626 | by Staff reporter
Banks decline requests by MDC Alliance to open accounts?
SENIOR officials in the MDC Alliance in Masvingo Province have claimed that their request to open bank accounts for the opposition party have been turned down by CBZ.Zimbabwe's government has ...Published: 26 Aug 2021 at 19:10hrs | 2208 | by Staff reporter
Biti's efforts to block IMF from giving Zimbabwe funds failed
Despite MDC-Alliance vice president Tendai Biti's efforts to block the International Monetary Fund (IMF) from giving Zimbabwe nearly US$1 billion in Special Drawing Rights (SDRs), the Government of Zi...Published: 26 Aug 2021 at 17:45hrs | 1415 | by Staff Reporter
Chamisa demands to know how IMF's US$1 billion will be used
THE opposition MDC Alliance led by Nelson Chamisa has demanded transparency in the disbursement US$961 million received recently from the International Monetary Fund (IMF).The funds came throu...Published: 26 Aug 2021 at 15:15hrs | 1118 | by Staff reporter
Mining destroys CSC ranches
Some mining activities have left a trail of destruction at the Cold Storage Company (CSC)'s ranch and feed lot in Darwendale where the company used to keep at least 25 000 cattle. Mining compa...Published: 26 Aug 2021 at 06:32hrs | 161 | by Staff reporter
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