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1,300 white farmers seek payouts from Zimbabwe govt
About 1,300 White Zimbabwean commercial farmers, whose land was seized in the early 2000s, have signed up to receive compensation and those who qualify will be paid in 10-year treasury bills, a govern...Published: 3 hrs ago | 77 | by Staff reporter
Zimbabwe's very own Emperor Nero is burning down povo's hovels to build palatial villas for filthy rich few
"The closer the collapse of the empire, the crazier its laws" Marcus Tullius Cicero. Well we in Zimbabwe are witness this first hand. Zanu PF introduced the new local currency insisting ...Published: 4 hrs ago | 90 | by Wilbert Mukori
ZiG needs to be backed by RBZ discipline
According to the Reserve Bank of Zimbabwe (RBZ), a structured currency is a currency that is pegged to a specific exchange rate or currency basket and backed by a bundle of foreign exchange assets lik...Published: 16 Apr 2024 at 18:04hrs | 193 | by Zimbabwe Coalition on Debt and Development
Mr. Mnangagwa, fighting for independence doesn’t give you the right to oppress us!
He never tires reminding us!Zimbabwe's independence was fought for in a protected liberation struggle where thousands of innocent lives were lost.It was never given on a silver platter...Published: 13 Apr 2024 at 16:28hrs | 629 | by Tendai Ruben Mbofana
Chissano meets Mnangagwa over debt clearance program
Former President of Mozambique, Joaquim Chissano, paid a visit to President Emmerson Mnangagwa on Monday to address political and socio-economic concerns affecting Zimbabwe. Chissano, who serv...Published: 09 Apr 2024 at 06:25hrs | 1172 | by Staff reporter
Mnangagwa meets Joaquim Chissano
Today, President Mnangagwa held a meeting with former Mozambican President Joaquim Chissano at State House in Harare.Chissano is the High-Level Facilitator for Zimbabwe's debt clearance proces...Published: 08 Apr 2024 at 19:20hrs | 614 | by Staff reporter
Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | 1684 | by Staff reporter
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 3255 | by Staff reporter
Zimbabwe currency crisis: Time to face the truth
THERE is, of course, no such thing as "a shortage of foreign currency".In open and disciplined markets, all that such a claim reflects is an over-valued local currency, whose managers resist t...Published: 07 Apr 2024 at 10:26hrs | 171 | by Obert Nyandoro
AfDB helps Zimbabwe mobilises revenue
THE African Development Bank (AfDB) is working with Treasury and the central bank to produce debt and investment gold models for Zimbabwe to allow the country to come up with best policies to mobilise...Published: 07 Apr 2024 at 10:20hrs | 89 | by Staff reporter
Mnangagwa's foot in the mouth again
PRESIDENT Emmerson Mnangagwa has an uncanny ability to frequently put his foot in the mouth, sometimes without harm but his recent episode on structured currency has left a trail of economic disaster....Published: 07 Apr 2024 at 10:11hrs | 138 | by Paidamoyo Muzulu
Zimbabwe campaign for foreign direct investment intensifies
IN a strategic move meant to bolster the country's economic landscape, the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, is set to spearhead a series of F...Published: 07 Apr 2024 at 10:05hrs | 29 | by Staff reporter
Chikwata bounce back to Division One
FORMER topflight teams, Zimbabwe Saints and Bulawayo City will be among clubs that will participate in the Zifa Southern Region Division One league this year.Zimbabwe Saints who were chucked o...Published: 07 Apr 2024 at 10:00hrs | 60 | by Staff reporter
AfDB to fund a $250 million gold mine in Zimbabwe
THE African Development Bank (AfDB) has shown great interest in funding Caledonia Mining Corporation's planned $250 million gold mine in Zimbabwe.The information was relayed by the company's c...Published: 06 Apr 2024 at 08:16hrs | 324 | by Staff reporter
Man steals cow to pay 10 rand debt
Failure to pay a 10 rand debt in time caused a Plumtree man to steal a cow and pay the debt in kind.Mqondisi Mayisa (38) ended up in pr...Published: 23 Mar 2024 at 07:12hrs | 1025 | by Simbarashe Sithole
Mr Kudzai Mutisi, the German 'Economic wonder' after the WW2 had multiple favourable factors!
I am writing this article as a reply to your article you wrote last week: My article is not in any way or form critiquing your own but including factors that must be known, but, however, adding to wha...Published: 20 Mar 2024 at 20:53hrs | 437 | by Nomazulu Thata
Zesa struggling to clear debts
ZESA Holdings has revealed that it is barely managing to meet its foreign and local obligations owing to the country's tight economic situation.The utility is struggling to service a US$2 bill...Published: 20 Mar 2024 at 06:34hrs | 378 | by Staff reporter
Why US sanctions on Zimbabwe 'have not worked'
The United States is a global superpower. Its political and economic reach is massive and global in character. Look back in history and you can see how the US has so often made real changes to the wor...Published: 19 Mar 2024 at 19:54hrs | 333 | by Eddie Cross
Zimbabwean man wins US$1m loan court challenge
A HARARE man has won a US$1 million Supreme Court loan challenge after a local company that he loaned US$900 000 tried to repay the loan in local currency.The applicant Brian Rodney Baron had ...Published: 19 Mar 2024 at 12:58hrs | 667 | by Staff reporter
Targeted sanctions were inevitable
GOOD day, President Emmerson Mnangagwa. Your Excellency, my deduction is that targeted sanctions were inevitable. It does not augur well for Zimbabwe that you are the first sitting President to be des...Published: 13 Mar 2024 at 16:09hrs | 280 | by Cyprian M Ndawana
Afrochine loses US$3m tax battle with Zimra
AFROCHINE Smelting Private Limited has been ordered to pay nearly US$3 million in royalties for under-declaring its earnings. Afrochine Smelting is a company that produces and exports ferrochrome, an ...Published: 11 Mar 2024 at 11:31hrs | 501 | by Staff reporter
Harare pledges to finally fix (some of) its pothole-ridden roads
IN Zimbabwe's capital of Harare, potholed roads have become a symbol of more than 20 years of national decline and neglect of public services.Motorists must weave down roads and often encroach...Published: 11 Mar 2024 at 11:30hrs | 374 | by Staff reporter
Air Zimbabwe flogging it's iconic Boeing 737-200 workhorses
Air Zimbabwe is flogging off two of its iconic Boeing 737-200 workhorses via sale by tender, highlighting the fall from grace of an airline which used to rank among the most vibrant flag carriers in A...Published: 11 Mar 2024 at 09:03hrs | 676 | by Staff reporter
Side-marketing a big threat to tobacco contracting companies
With tobacco auction floors opening this week senior agronomist Lazarus Gatawa has urged all tobacco farmers who are contracted to honor their contr...Published: 10 Mar 2024 at 07:10hrs | 338 | by Simbarashe Sithole
Fight over ex-CIO boss' massive estate rages
The widow of the late Central Intelligence Organisation (CIO) deputy director General Maynard Muzariri has been accused of trying to sell off property of his estate despite the fact that there are out...Published: 10 Mar 2024 at 06:52hrs | 837 | by Staff reporter
Mnangagwa niece's legacy woes haunt ZBC
THE Zimbabwe Broadcasting Corporation (ZBC) is grappling with serious management challenges linked to Helliate Rushwaya - the newly appointed board chair - during her tenure as the acting chief execut...Published: 10 Mar 2024 at 06:51hrs | 1646 | by Staff reporter
Court grants farm ownership to tenant after 30 years of rent
IN a landmark ruling, the High Court of Zimbabwe has declared that a tenant can take ownership of a property in which one has been consistently paying for rates and rentals for a period of 30 years....Published: 10 Mar 2024 at 06:27hrs | 1301 | by Staff reporter
Zimbabwe sanctions review. . . Devil is in the detail
ON March 4, 2024, United States President Joe Biden signed Executive Order 14353, which somewhat shifted the US' sanctions regime on Zimbabwe.But what exactly has changed?The devil is ...Published: 10 Mar 2024 at 06:23hrs | 223 | by Tawanda Musarurwa
US says companies may review stance on Zimbabwe after sanctions shift
US businesses may re-examine their stance on Zimbabwe following the adoption of a new sanctions program which places only three entities and the nation's top leaders including Zimbabwean President Emm...Published: 09 Mar 2024 at 10:57hrs | 446 | by Staff reporter
Uncle Sam not letting go of little Zimbabwe
THERE is something interesting about the new United States sanctions regime announced this week. Besides President Joseph Biden making a statement, the US National Security Council made one too. What ...Published: 09 Mar 2024 at 09:16hrs | 250 | by Paidamoyo Muzulu
America: They kill us for sport!
My little story on American sanctionsOnly a few weeks shy of my sixty-first birthday, I have been, until late last week, on United States list of sanctioned Zimbabweans.I have been the...Published: 09 Mar 2024 at 09:12hrs | 93 | by @Jamwanda2
Air Zimbabwe wins retrenchment case
THREE-HUNDRED former Air Zimbabwe workers have lost their appeal against retrenchment after the Labour Court ruled they waived their right to object to the procedural irregularities by accepting retre...Published: 08 Mar 2024 at 05:05hrs | 184 | by Staff reporter
Mthuli Ncube sees $18bn debt talks on course despite US exit
Talks on the restructuring of Zimbabwe's $18 billion debt remain on track, even after the US paused its involvement in the discussions, Finance Minister Mthuli Ncube said.The discussions led b...Published: 07 Mar 2024 at 05:13hrs | 556 | by Staff reporter
Zimbabwe must deal with currency volatility causes, not symptoms
THE United Nations Economic Commission for Africa (Uneca) executive secretary Claver Gatete this week said Zimbabwe should deal with the root causes of currency volatility not symptoms.Gatete ...Published: 07 Mar 2024 at 05:10hrs | 418 | by Staff reporter
Swiss company loses US$270K court challenge
SWITZERLAND-REGISTERED energy firm, Addax Energy SA, has lost a High Court bid to force a local company to settle an outstanding fuel debt of US$269 735,88 in foreign currency.Addax Energy cit...Published: 07 Mar 2024 at 05:10hrs | 285 | by Staff reporter
Go Beer to reopen in 8 months
GWERU mayor Martin Chivhoko has announced that the local authority's beer concern, Go Beer will commence production in November this year.Chivhoko said a memorandum of agreement had been signe...Published: 07 Mar 2024 at 05:09hrs | 393 | by Staff reporter
Mnangagwa regime doing the work of US sanctions in Zimbabwe!
My own views on this sanctions issue have always been that we needed to prove these measures were the cause of our suffering. I have never denied that there have been targeted sanctions impose...Published: 06 Mar 2024 at 23:01hrs | 415 | by Tendai Ruben Mbofana
Zidera is the primary obstacle Zimbabwe's economic progress
INDUSTRY leaders have pleaded for the total removal of the sanctions programme under the Zimbabwe Democracy and Economic Recovery Act (Zidera), citing them as the primary obstacle to the economic prog...Published: 06 Mar 2024 at 20:54hrs | 136 | by Staff reporter
Uneca tells Zimbabwe to work on debt
THE United Nations Economic Commission for Africa (Uneca) deputy executive secretary programme Support Antonio Pedro says Zimbabwe needs to work on its debt to deal with its economic crises.Cu...Published: 04 Mar 2024 at 04:44hrs | 446 | by Staff reporter
10 new IPPs to generate 271MW for Zimbabwe
ZIMBABWE has licenced 10 more independent power producers (IPPs) to start generating 271MW of electricity in the next 12 to 24 months under the Government project support agreement which now holds clo...Published: 04 Mar 2024 at 04:42hrs | 457 | by Staff reporter
Mnangagwa says Chiefs' welfare top priority
The Government is committed to improving the conditions of service of traditional leaders who are not only custodians of the country's moral and cultural fabric, but also accelerators of economic deve...Published: 01 Mar 2024 at 19:02hrs | 55 | by Staff reporter
Mthuli Ncube calls for open borders in Africa
FINANCE minister Mthuli Ncube has urged African countries to eliminate barriers at all points of entry and departure to drive intra-African trade and industrial development.In his remarks at t...Published: 29 Feb 2024 at 05:05hrs | 557 | by Staff reporter
EU shuts door on Zimbabwe financing
EUROPEAN Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, says the bloc will not lend to the southern African country owing to arrears even if sanctions are lifted.The EU ambassador sai...Published: 29 Feb 2024 at 05:02hrs | 951 | by Staff reporter
Zimbabwe debt set to balloon
ZIMBABWE is set to finance its 2024 total budget financing gap of ZWL$9,2 trillion through domestic and external borrowing, a development that will further sink the country deep into debt.Acco...Published: 28 Feb 2024 at 06:28hrs | 205 | by Staff reporter
Zimbabwe govt's proposed new currency reforms doomed
THE recently proposed currency changes, intended to underpin the Zimbabwe dollar with assets, will come to nought, given that country lacks sufficient reserves to support the local unit, an independen...Published: 25 Feb 2024 at 09:27hrs | 2432 | by Staff reporter
No property worth US$250 000 in Bulawayo
THE Bulawayo City Council (BCC) has declared that there is no single property within the city that meets the threshold for the recently introduced wealth tax, at least according to their records....Published: 25 Feb 2024 at 07:17hrs | 520 | by Staff reporter
Mnangagwa must not exempt state entities from scrutiny
GOVERNANCE watchdogs has demanded that President Emmerson Mnangagwa discard his gazetted General Notice 164B of 2024 which exempts 21 key state entities from complying with the Public Procurement and ...Published: 21 Feb 2024 at 20:03hrs | 570 | by Staff reporter
Zimbabwe fights illegal settlers on state land 'sold' after being repossessed from white farmers
Two decades after a disastrous attempt at land reform, which drove out more than 400 white commercial farmers, the Zimbabwean government is fighting illegal settlers on state land handed out by tradit...Published: 21 Feb 2024 at 07:22hrs | 552 | by Staff reporter
Ramaphosa announces South Africa election date
In a press statement released today, the Economic Freedom Fighters (EFF) welcomed the announcement of the long-awaited date for the National and Provincial Elections in South Africa, scheduled for the...Published: 20 Feb 2024 at 21:17hrs | 1626 | by Mandla Ndlovu
Bulawayo City Council demands 80% of rates in forex
THE Bulawayo City Council (BCC) has passed a resolution compelling residents and businesses to pay 80 percent of their rates in foreign currency, arguing that service providers were demanding forex....Published: 18 Feb 2024 at 09:13hrs | 312 | by Staff reporter
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