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Express Links Money Transfer donate to Cyclone Idai disaster victims
TWO companies owned by Zimbabweans and based in the UK, have joined forces to donate goods worth RTGS$20 000 to victims of the Cyclone Idai disaster.Express Links Money Transfer Services a fin...Published: 11 hrs ago | 444 | by newzimbabwe
'Tax reforms to rescue debt-distressed Zimbabwe'
Taxation reforms and improvement in non-tax revenue will extricate Zimbabwe from the debt trap, a new report has shown.In its flagship report released Saturday, the Economic Commission for Afr...Published: 13 hrs ago | 1753 | by Staff reporter
3 lawyers banned from practising
THREE lawyers have been banned from practising in Zimbabwe following their de-registration.The three are Tayengwa Dugmore Muskwe, Rudo Ollyn Kanyenze and Tendai Amon Toto.This brings t...Published: 13 hrs ago | 1432 | by Staff reporter
Zimbabwe debt should be audited
ZIMBABWE should not rush to pay its external debts until an official audit has been done to ascertain the validity of the arrears, a local pressure group has said.The southern African country ...Published: 17 hrs ago | 945 | by John Kachembere
Government starts fuel bonuses
Government will now refund businesses for extra costs incurred in buying fuel at new prices that became effective on January 13, raising expectations that this might positively impact on prices, it ha...Published: 23 Mar 2019 at 22:26hrs | 2696 | by Staff reporter
Zesa to hike electricity tariffs in line with interbank rates
STATE power utility, the Zimbabwe Electricity Supply Authority (Zesa) is mulling a tariff hike, it has emerged.This despite screams to the contrary following social media reports that Zesa was...Published: 23 Mar 2019 at 05:45hrs | 1500 | by newzimbabwe
Queen Elizabeth consoles Zimbabweans
Queen Elizabeth II of the United Kingdom, her son Prince Charles and her grandsons and their wives the Dukes and Duchesses of Cambridge and Sussex have conveyed their heartfelt condolences to the gove...Published: 22 Mar 2019 at 19:10hrs | 2802 | by Staff reporter
Govt use of violence on its own people is tragic
Continued from last weekWhile Mnangagwa's rhetoric on issues such as land reform, human rights, rule of law, improving the business climate and reducing corruption was all positive, there was ...Published: 22 Mar 2019 at 16:13hrs | 163 | by Ambassador Thomas-Greenfield
Mnangagwa must be open on deals
PRESIDENT EMMERSON Mnangagwa's trip last weekend to Abu Dhabi, United Arab Emirates, brought to the fore the issue of transparency on economic deals cut during state and official, as well as working v...Published: 22 Mar 2019 at 16:06hrs | 241 | by Staff reporter
Piece-meal austerity without reforms a wild goose chase
AUSTERITY measures introduced by Finance minister Mthuli Ncube under the Transitional Stabilisation Programme (TSP) will have a devastating effect on the economy and is at variance with Zanu-PF's elec...Published: 22 Mar 2019 at 07:02hrs | 1434 | by Staff reporter
Agribank sues Chombo over $33 000 loan
Agribank has approached the courts seeking to recover a real time gross settlement of a (ZWR) $33 720 loan advanced to former Finance minister Ignatius Chombo six years ago.The former minister...Published: 22 Mar 2019 at 06:38hrs | 735 | by Staff reporter
Undenge in trouble over $121,000 bank loan
Former Energy minister Samuel Undenge has been taken to High Court by CBZ Bank Limited over a US$121 062 debt.The financial institution recently issued summons against the former minister, who...Published: 22 Mar 2019 at 06:35hrs | 912 | by Staff reporter
Zimbabwe Airways planes 'repossessed and resold' - source
Malaysian Airlines has repossessed four planes which had been sold to Zimbabwe Airways, the ill-fated Air Zimbabwe proxy, informed sources said.Former President Robert Mugabe personally negoti...Published: 21 Mar 2019 at 07:32hrs | 2324 | by ZimLive
Government sells NetOne and TelOne
The Government has announced that it is selling its shares in the two giant Telecommunications companies TelOne and NetOne.The Minister of Finance and Economic Development, MthuliNcube told a ...Published: 20 Mar 2019 at 09:52hrs | 7936 | by Mandla Ndlovu
Ex-Zanu-PF Senator sued over $368k power debt
Former Zanu-PF Midlands Senator Flora Buka, has been taken to court by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) over aUS$368 833 debt for electricity supplied at her ...Published: 20 Mar 2019 at 07:27hrs | 375 | by Staff reporter
Over 100 trucks transporting Zimbabwe wheat stuck in Mozambique
CLOSE to 100 truckloads of Zimbabwe's wheat imports are holed up in Beira after Cyclone Idai damaged infrastructure and made most roads impassable.Chairperson of the Grain Millers Association ...Published: 20 Mar 2019 at 07:27hrs | 452 | by Staff reporter
Muzamhindo pushes for a Policy Indaba
Tinashe Eric Muzamhindo's initiativeI'm driving a national agenda which has no political affiliation, but to assist on enhancing development. We simply ...Published: 19 Mar 2019 at 22:31hrs | 203 | by Tinashe Eric Muzamhindo
Revisiting the ZUPCO urban transportation model
The re-introduction of ZUPCO buses to ply urban routes in the aftermath of January fuel protests was a welcome move for most urban commuters. This is largely because commuter omnibus operators had tak...Published: 19 Mar 2019 at 13:58hrs | 3484 | by Victor Bhoroma
Zimbabwe cannot outsource its development - it has to fix the fundamentals first
While South Africa believes sanctions should be scrapped in Zimbabwe, analysts indicate that the sanctions narrative has been an easy scapegoat in addressing the real issues affecting the country....Published: 19 Mar 2019 at 08:39hrs | 425 | by Sally Nyakanyanga
'Zimbabwe sanctions affecting Sadc'
A GROUP of South Africa-based civic society groups is in Bulawayo campaigning for the removal of Western imposed economic sanctions imposed on Zimbabwe, saying they had missed their targets and are no...Published: 19 Mar 2019 at 06:49hrs | 788 | by Staff reporter
National Blankets faces imminent liquidation
BULAWAYO-BASED textile maker National Blankets is facing imminent liquidation after failing to court a suitable investor to inject fresh capital into the ailing company.The company, which was ...Published: 19 Mar 2019 at 06:47hrs | 436 | by Staff reporter
Mugabe's ex-deputy minister's house auctioned off
Former Health and Child Care deputy minister Edwin Muguti is set to lose his house over rental arrears owed to Joyce Mako-Mashaninga.Last year, the court handed a default judgment after Muguti...Published: 18 Mar 2019 at 13:46hrs | 4029 | by Staff reporter
Price stability key to economic recovery
"A more efficient management system of scarce foreign exchange is key to price stabilisation and business growth."According to the "Transitional Stabilisation Programme" (TSP), the aspirations...Published: 18 Mar 2019 at 06:52hrs | 463 | by Vince Musewe
We cannot blame Nelson Chamisa without blaming all of us
We are under sanctions from the United States, the European Union and other Western outposts like Australia, New Zealand and Canada, and the ruin of the sanctions is without doubt. Our industr...Published: 18 Mar 2019 at 06:40hrs | 2401 | by Reason Wafawarova
Chihuri challenges Zesa debt lawsuit
Former Zimbabwe Republic Police commissioner-general Augustine Chihuri, who was recently taken to court by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) over a $407 000 power ...Published: 17 Mar 2019 at 08:58hrs | 2995 | by Staff reporter
TelOne gears up for privatisation
TelOne says it has appointed a consultant who will advise the company on the restructuring of its staggering $380 million debt as it seeks to clean its books and attract private capital.TelOne...Published: 17 Mar 2019 at 08:48hrs | 491 | by Staff reporter
Indian investors to jet in to finalise Ekusileni opening
OFFICIALS from the Sharda Group of Institutions (SGI), an Indian investor identified by the Government to run Ekusileni Medical Centre in Bulawayo will soon visit the country for final arrangements be...Published: 16 Mar 2019 at 05:06hrs | 931 | by Staff reporter
Boeing sucked into Zimbabwe Airways saga
The world's largest aerospace company and leading manufacturer of aircraft and other equipment - Boeing - has been sucked into the Zimbabwe Airways saga where the son-in-law of former president Robert...Published: 16 Mar 2019 at 05:02hrs | 1802 | by Staff reporter
Kasukuwere vows to take his fight to Mnangagwa
Fugitive former Cabinet ministers Walter Mzembi and Saviour Kasukuwere, believed to be holed up in South Africa, are at the centre of an attempt to push for regime change in Zimbabwe to salvage their ...Published: 16 Mar 2019 at 04:57hrs | 1875 | by Staff reporter
All you need to know about Zimbabwe's new currency
Late in February, Zimbabwe introduced a new currency called the RTGS, or real-time gross settlement dollar, in the process abandoning its long held 1:1 parity between the US dollar and its local trans...Published: 15 Mar 2019 at 19:30hrs | 3360 | by Atff reporter
Beitbridge-Chirundu highway's new design to cost US$520 000
THE Beitbridge-Harare-Chirundu highway dualisation project has been pushed back by a further three months over new designs. This comes as government scouts for a new road designer after Austrian firm...Published: 15 Mar 2019 at 19:53hrs | 3076 | by Staff reporter
South Africa to monitor Zimbabwe's economic affairs
IN an unprecedented move, Zimbabwe has agreed to allow South Africa - the continent's most developed economy and powerhouse - to sit in official Ministry of Finance meetings to oversee Harare's debt c...Published: 15 Mar 2019 at 17:15hrs | 2188 | by Staff reporter
Mnangagwa's PR bid a futile exercise, say analysts
THE decision by President Emmerson Mnangagwa's government to employ a public relations consultancy firm to lobby for the scrapping of United States sanctions is futile as the real solution lies in imp...Published: 15 Mar 2019 at 17:13hrs | 705 | by Staff reporter
Zesa's govt subsidies now unsustainable
UNECONOMIC electricity tariffs and high country risk have resulted in state power utility Zesa Holdings subsidiary, Zimbabwe Electricity Transmission and Distribution Company (ZETDC), planning massive...Published: 15 Mar 2019 at 17:12hrs | 702 | by Staff reporter
Mthuli Ncube should learn from Masiyiwa
Finance minister Mthuli Ncube's United States jaunt last week was always expected to yield what it yielded - an empty basket. It's no rocket science.In an article published in this column last...Published: 15 Mar 2019 at 17:08hrs | 4334 | by Brett Chulu
SA to sit in next critical Zimbabwe Treasury meetings
IN an unprecedented move, Zimbabwe has agreed to allow South Africa - the continent's most developed economy and powerhouse - to sit in official Ministry of Finance meetings to oversee Harare's debt c...Published: 15 Mar 2019 at 06:24hrs | 3477 | by Staff reporter
Forcing countries to pay debt in currency it denies them - that's the US!
ONE thing for sure is that Zimbabwe is not short of real original thinking to counter the West's capture of some Zimbabwean minds.Because of donor funding, too many politicians (naturally more...Published: 15 Mar 2019 at 06:02hrs | 650 | by Conway Tutani
Government amends Private Voluntary Organisations Act
GOVERNMENT has resolved to amend the Private Voluntary Organisations Act (Chapter 17:05) to ensure that it complies with the requirements of the Financial Action Task Force for combating money launder...Published: 15 Mar 2019 at 05:56hrs | 311 | by Staff reporter
RBZ,Nat Foods strikes a deal
DIVERSIFIED milling firm, National Foods Limited, says it has struck a deal with the Reserve Bank of Zimbabwe to assume its legacy debt amounting to $54,9 million owed to one of its major grain suppli...Published: 15 Mar 2019 at 05:53hrs | 922 | by Staff reporter
Zimbabweans counting the cost of removing Mugabe
IN AN ideal world, the fall of Robert Mugabe as president of Zimbabwe was supposed to usher in a period of sustained economic growth and prosperity.Mugabe, 95, was toppled by his loyalists in ...Published: 14 Mar 2019 at 19:39hrs | 5049 | by Brighton Khumalo
Repent now and fix our ailing economy
Editor,That Zimbabwe is on a downward trajectory is no secret. In fact we have been in descent mode for many a year. It is a tragedy. And the fact that the powers that be spend a considerable ...Published: 14 Mar 2019 at 14:28hrs | 1237 | by NM
Mugabe's deputy minister faces jail over fertiliser debt
FertiliSer manufacturer, ZFC Limited has approached the High court seeking an order to compel former Health deputy minister, Edwin Muguti to settle a $24 610 debt he owes the company.ZFC issue...Published: 14 Mar 2019 at 07:47hrs | 1177 | by Staff reporter
Teachers threaten fresh protests
The Amalgamated Rural Teachers Union of Zimbabwe (Artuz) has resolved to embark on fresh protests at Public Service Commission district offices to push for the reversal of deductions made on leave day...Published: 13 Mar 2019 at 07:05hrs | 1834 | by Staff reporter
SA whites party against any financial commitments to Zimbabwe
DA MP Sandy Kalyan says President Cyril Ramaphosa should not make any financial commitments to Zimbabwe because of what she calls the country's continued campaign of political repression as well as So...Published: 12 Mar 2019 at 21:51hrs | 883 | by Staff reporter
SA, Zimbabwe discussing state-guaranteed bank loan
South Africa is considering more loans to Zimbabwe, including state-guaranteed funding from banks to support its northern neighbor's cash-strapped private sector.The facility is among a range ...Published: 12 Mar 2019 at 14:11hrs | 712 | by Bloomberg
Mangudya taunts Mthuli Ncube
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday denied that the central bank was involved in any quasi-fiscal activities and called out Finance minister Mthuli Ncube and parliamentary ...Published: 12 Mar 2019 at 10:05hrs | 3440 | by Staff reporter
Foreign participation on ZSE declines
The Zimbabwe Stock Exchange (ZSE) says the participation of foreigners on the bourse has declined following the monetary policy statement last month, but it expects several new listings this year....Published: 12 Mar 2019 at 06:00hrs | 191 | by Staff reporter
Harare should not expect bailout from Ramaphosa
South African President Cyril Ramaphosa arrives in the country today to co-chair the Bi-National Commission (BNC) with President Emmerson Mnangagwa whose administration is desperate for a cash injecti...Published: 11 Mar 2019 at 15:02hrs | 1916 | by Staff reporter
Harare to name, shame defaulting churches
HARARE City Council is threatening to name and shame churches that owe council millions in unpaid rates and lease fees amounting to more than $10 million.Council corporate communications manag...Published: 11 Mar 2019 at 14:56hrs | 577 | by Staff reporter
Mugabe's ex-cop sued over debt
Former Zimbabwe Republic Police deputy commissionerg Innocent Matibiri has been dragged to the High Court by National Foods after he allegedly failed to pay for day-old chicks and chicken feed worth $...Published: 11 Mar 2019 at 07:48hrs | 2334 | by Staff reporter
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