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Mnangagwa's ailing govt splurges millions on ministers
GOVERNMENT will soon splurge millions of United States (US) dollars to buy luxury homes for Cabinet ministers and their deputies at a time President Emmerson Mnangagwa's administration is ...Published: 01 Jul 2022 at 19:45hrs | 2540 | by Staff reporter
'Mnangagwa abusing Presidential powers'
THE opposition Citizens Coalition for Change (CCC) has castigated President Emmerson Mnangagwa's use of Presidential Powers to legalise the hike in interest rates by 200% and to declare lending and re...Published: 01 Jul 2022 at 07:31hrs | 5997 | by Staff reporter
'6,4m Zimbabweans living in extreme poverty'
THE latest World Bank report indicates that 6,4 million Zimbabweans are living on less than US$1,90 a day.The report is based on the multilateral institution's Poverty and Inequality Platform ...Published: 01 Jul 2022 at 07:22hrs | 209 | by Staff reporter
Zimbabwe has higher inflation than war-torn Ukraine
ZIMBABWE's inflation rate at 191,7% as of June 23 is now much higher than Ukraine's 41%, a country in the middle of a fierce war with Russia.In a statement, the Zimbabwe Coalition on Debt and ...Published: 01 Jul 2022 at 07:22hrs | 222 | by Staff reporter
Biti tells Guvamatanga to 'shut up'
FORMER finance minister, Tendai Biti, has told off current treasury permanent secretary, George Guvamatanga, after he claimed civil servants are better paid now that they were during the government of...Published: 28 Jun 2022 at 07:32hrs | 3921 | by Staff reporter
CCC dismisses new Zimbabwe economy measures; says Chamisa-led govt only solution
Minister Mthuli Ncube (on Monday) announced measures that are meant to curb hyperinflation and stabilize (prices) as well as address the remuneration crisis in the civil service. The Reserve Bank also...Published: 28 Jun 2022 at 07:29hrs | 1402 | by Fadzayi Mahere
ZBC suspends corruption whistleblower
THE Zimbabwe Broadcasting Corporation (ZBC) workers committee secretary general was promptly suspended last Friday, a day after circulating to all staff members an explosive memorandum to the Board al...Published: 27 Jun 2022 at 19:12hrs | 4472 | by Staff reporter
'4m children in Zimbabwe failing to pay fees'
FOUR million children are failing to pay fees and are now clamouring for government's Basic Education Assistance Module (Beam) programme, the Zimbabwe Coalition on Debt and Development (Zimcodd) has s...Published: 27 Jun 2022 at 08:12hrs | 248 | by Staff reporter
Sanctions make Russian debt default a non-event
Russia is on the brink of its first debt default since 1998 as the Sunday deadline to make a $100m interest payment seems certain to be missed.Russia has the money and is willing to pay, but s...Published: 26 Jun 2022 at 09:26hrs | 506 | by BBC
G7 face battle for unity as cost of Ukraine war mounts
The Russian war against Ukraine will inevitably dominate the summit of G7 nations in Bavaria.And the leaders of the US, UK, Germany, France, Italy, Canada and Japan face a difficult challenge....Published: 26 Jun 2022 at 08:50hrs | 339 | by Staff reporter
BCC to offer discount for forex payments
Bulawayo councillors have proposed to offer residents that are willing to settle their bills in foreign currency a 50 percent discount.This follows a public outcry after the local authority, a...Published: 26 Jun 2022 at 08:15hrs | 274 | by Staff reporter
Zimbabwe sinks deeper into debt hole
THE government last year added US$6,45 billion to the public debt as the Treasury assumed the former white farmer's compensation fund under domestic debt and the Reserve Bank of Zimbabwe (RBZ) legacy ...Published: 24 Jun 2022 at 08:56hrs | 726 | by Staff reporter
Chiwenga, civil servants fight over Psmas
CIVIL servants representative group Zimbabwe Confederation of Public Sector Trade Unions (ZCPSTU) is headed for another showdown with Vice President and Health minister Constantino Chiwenga over the l...Published: 24 Jun 2022 at 08:20hrs | 1257 | by Staff reporter
NRZ looting unearthed
AN internal audit has uncovered corporate governance rot, and looting at ailing parastatal National Railways of Zimbabwe (NRZ) with board chairperson Martin Dinha (pictured) and his board allegedly bl...Published: 24 Jun 2022 at 08:20hrs | 2017 | by Staff reporter
Mnangagwa-linked firm bags US$780,000 from Pomona dumpsite bill?
THE ministry of local government has written to the Harare city council ordering the local authority to pay up the ballooning Pomona dumpsite bill, which is now close to a million United States dollar...Published: 24 Jun 2022 at 08:15hrs | 503 | by Staff reporter
Mike Marata buys stolen land from Bulawayo lawyer
Controversial South Africa based Bulawayo socialite Mike Marata has been embroiled in a contentious property sell transaction which has landed former Vice President Report Phelekezela Mphoko's l...Published: 23 Jun 2022 at 14:22hrs | 4583 | by Mandla Ndlovu
Dozens trafficked Zimbabweans stuck in Turkey
A FRESH human trafficking scandal involving the Turkish embassy in Harare has rocked the country following revelations that dozens of Zimbabweans are now trapped in Turkey where they have been turned ...Published: 23 Jun 2022 at 06:49hrs | 1709 | by Staff reporter
Backlash over Chinese loans
ZIMBABWE'S debt-stricken administration last year struggled to access fresh loans to scale up ambitious plans to revamp key infrastructure projects after accumulating significant arrears on lifelines ...Published: 23 Jun 2022 at 06:47hrs | 707 | by Staff reporter
Chamisa says his policies will guarantee certainty
OPPOSITION Citizens Coalition for Change (CCC) leader Nelson Chamisa said his party will prioritise fighting corruption as part of measures to restore economic stability in the country.In a se...Published: 23 Jun 2022 at 06:47hrs | 398 | by Staff reporter
Strike paralyses major hospitals
WORKERS from other sectors have started joining a tools down job action by health personnel and teachers who are demanding United States dollar salaries.The strike entered its third day yester...Published: 23 Jun 2022 at 06:46hrs | 390 | by Staff reporter
Chamisa to introduce full dollarisation
CITIZENS Coalition for Change (CCC) political party has effectively backed the need for Zimbabwe to adopt its own currency but maintained that such a strategy must only be implemented in a conducive e...Published: 22 Jun 2022 at 06:49hrs | 4042 | by Staff reporter
Storm over govt fire tender deal
THE decision by government to acquire fire tenders from Belarus on behalf of local authorities at questionable prices has torched a storm, with observers pointing to possible corruption.In a c...Published: 22 Jun 2022 at 06:45hrs | 212 | by Staff reporter
Prepaid Zesa for all next year
THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has procured 100 000 prepaid meters as it targets to complete the placement of all its customers under this system by June next y...Published: 22 Jun 2022 at 06:43hrs | 275 | by Staff reporter
Zesa bosses acquitted over debt collectors
FORMER Zesa Holdings chief executive Joshua Chifamba and two other senior officials, who were appearing in court on allegations of appointing a Harare law firm as debt collectors paying it US$3 millio...Published: 22 Jun 2022 at 06:41hrs | 255 | by Staff reporter
Chamisa outlines rapid and accelerated economic transformation plan
The CITIZENS government will come up with policy framework and turnaround strategy which among others includes the following:Develop demand driven policies informed by inclusive policies and i...Published: 21 Jun 2022 at 19:54hrs | 690 | by Nelson Chamisa
FULL TEXT: Nelson Chamisa's address to the nation
The CITIZENS government will come up with policy framework and turnaround strategy which among others includes the following:Develop demand driven policies informed by inclusive policies and i...Published: 21 Jun 2022 at 12:57hrs | 2909 | by Nelson Chamisa
Longing for a bygone era will not fix Zimbabwe's economy
Social media can be a tool for comedic relief, venting frustration and a means of trolling at the same time. My favourite Social Network is Twitter due to its remarkable interface and ability to conne...Published: 20 Jun 2022 at 16:03hrs | 445 | by Dr Farai Nyika. Economics Academic at Management College of Southern Africa (MANCOSA).
Gweru charges bills in USD
GWERU City Council (GCC) has with immediate effect, begun to charge rentals and bills in United States dollars.The bills will be payable at the prevailing interbank rate.Ratepayers owe...Published: 20 Jun 2022 at 06:40hrs | 318 | by Staff reporter
'Councils mustn't attach residents' property'
LOCAL authorities are not allowed to arbitrarily attach property from residents or engage debt collectors to recover outstanding debts of rates and levies, but should pursue other options to recover t...Published: 20 Jun 2022 at 06:39hrs | 116 | by Staff reporter
Mugabe's dairy estates collapses
GUSHUNGO Dairy Estates has closed shop after former first lady Grace Mugabe sold about 700 dairy cows worth about US$1,4 million to a prominent butcher, rendering about 120 workers jobless.The...Published: 17 Jun 2022 at 09:04hrs | 36974 | by Staff reporter
Delta subsidiaries in revenue fix
BEVERAGES manufacturer Delta Corporation Limited says the volatility of the exchange rate-driven inflation is pressuring its operational costs and hurting the revenue generation capabilities of its fo...Published: 17 Jun 2022 at 08:55hrs | 281 | by Staff reporter
Zamco winds up operations
THE Zimbabwe Asset Management Company (Zamco) is winding up operations after it paid off, last year, the $1,2 billion it received from the Government to acquire Non-Performing Loans (NPLs).Zam...Published: 17 Jun 2022 at 08:14hrs | 35 | by Staff reporter
Mthuli Ncube told his tricks are not working
LEGISLATORS took Finance Minister Professor Mthuli Ncube to task in Parliament Wednesday, challenging him over the government's "failed" NDS-1 economic blue-print and the administration's apparent lac...Published: 16 Jun 2022 at 08:34hrs | 2456 | by Staff reporter
Mthuli Ncube dodges civil servants salary issue
FINANCE minister Mthuli Ncube was yesterday at pains to explain government's failure to review civil servants' salaries to parliamentarians as the cost of living shoots up.Legislators in the N...Published: 16 Jun 2022 at 08:29hrs | 920 | by Staff reporter
BCC indexes bills in US dollars
Bulawayo City Council (BCC) yesterday pulled a shocker on residents when it announced that from this month tariffs will be charged in foreign currency against the official rate, something residents as...Published: 15 Jun 2022 at 07:31hrs | 236 | by Staff reporter
Gweru residents to self-read water meters
THE Gweru City Council has encouraged residents to record water meter readings at their premises and submit them to the local authority following continuous complaints by ratepayers of overcharging....Published: 14 Jun 2022 at 06:41hrs | 203 | by Staff reporter
Gwanda demands water system management from Zinwa
THE Municipality of Gwanda has expressed concern over failure by the Zimbabwe National Water Authority (Zinwa) to hand over the mining town's water management systems to the local authority as per Gov...Published: 14 Jun 2022 at 06:35hrs | 55 | by Staff reporter
Scandal-ridden company monitors Zimbabwe calls
THE company which installed a Telecommunications Traffic Monitoring System (TTMS) at the Postal and Telecommunications Regulatory Authority of Zimbabwe headquarters in Harare this week — Global Voic...Published: 11 Jun 2022 at 20:42hrs | 1971 | by Staff reporter
Harare ranks 4th expensive African city
HARARE has been ranked the fourth most expensive African city to live in out of 15 sampled cities, as authorities accuse businesses of conniving to push up the cost of living.This is according...Published: 11 Jun 2022 at 09:09hrs | 170 | by Staff reporter
Govt tops pension defaulters list
STATE enterprises and parastatals top the list of 50 employers paying their former workers measly pensions, while owing the Insurance and Pensions Commission (Ipec) $5,3 billion in pension contributio...Published: 09 Jun 2022 at 06:41hrs | 445 | by Staff reporter
Mnangagwa needs correct advice from his team
DEAR President Emmerson MnangagwaYour Excellency, as things stand right now you have to make hard currency decision sooner than later as doing that in 2023 will cause so much economic pain tha...Published: 08 Jun 2022 at 09:06hrs | 658 | by Brian Sedze
Monetary policy inconsistency sinking economy
On the 17th of May 2022, the Reserve Bank of Zimbabwe (RBZ) issued a circular cancelling the order announced by the head of state on the suspension of bank lending one week earlier. The head of state ...Published: 08 Jun 2022 at 07:19hrs | 413 | by Victor Bhoroma
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 4189 | by Victor Bhoroma
Mnangagwa has to make bold currency decision or face political demise
The president has to make hard currency decision sooner than later as doing that in 2023 will cause so much economic pain that may cause a huge protest vote which may send him home.The country...Published: 06 Jun 2022 at 12:45hrs | 9083 | by Dr Brian Sedze
Zimbabwe's currency dilemma exacerbating matters
A FEW days after Zimbabwe President Emmerson Mnangagwa announced a series of controversial economic measures, that have sped up the depreciation of the Zimbabwe dollar (ZWL), and resultantly, inflatio...Published: 04 Jun 2022 at 19:56hrs | 345 | by Staff reporter
Harare residents petition City Council to cancel the Pomona waste deal
Combined Harare Residents Association (CHRA) has petitioned Harare City Council (HCC) to terminate the dubious Pomona Waste to Energy Deal.The controversial deal between Georgenix company and ...Published: 02 Jun 2022 at 11:40hrs | 2072 | by CHRA
Zimbabwe abandons debt relief initiative
The Zimbabwe government has abandoned its plan to access a debt relief facility under the Highly Indebted Poor Countries (HIPC) initiative, meant to resolve its unsustainable debt, Business Times repo...Published: 02 Jun 2022 at 09:29hrs | 1152 | by Staff reporter
Private hospital doctors strike
PATIENTS admitted to Premier Service Claybank Hospital in Gweru have gone for two days without getting medical care as more than 200 nurses, doctors, and health support staff at the upmarket health ca...Published: 02 Jun 2022 at 06:44hrs | 351 | by Staff reporter
Kusukuwere's once thriving orange estate now lies desolate
MAZOWE district war veterans' chairman Ephanos Mudzimunyi, who grabbed former cabinet minister and Zanu-PF supremo, Saviour Kasukuwe's Concorpia farm in Mazowe, has run the once thriving estate down....Published: 31 May 2022 at 13:17hrs | 2352 | by Staff reporter
Harare will not pay even a cent on Pomona deal, Mafume vows
HARARE mayor Jacob Mafume (pictured) says the city council will not pay a cent to Geogenix BV, a company fronted in Zimbabwe by businessman Delish Nguwaya, describing the agreement signed by the local...Published: 31 May 2022 at 12:26hrs | 956 | by Staff reporter
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