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Zimbabwe angles for G7 $1.3 billion bridge loan
Zimbabwe is seeking assistance from France to secure a $1.3bn bridge loan facility from the G7 countries to settle World Bank arrears as the government tries to clear its debt to external creditors. ...Published: 12 hrs ago | 811 | by Staff reporter
Calls for diaspora vote at ZANU PF conference
The upcoming ZANU PF conference is a perfect stage for ZANU PF to demonstrate that it is reshaping and recreating itself into a modern party that is worth a sit at the table of global powerhouses....Published: 11 Dec 2018 at 11:08hrs | 3256 | by Fidelis Fengu
Mawere threatens Ginimbi
Business tycoon Mutumwa Mawere has threatened Genius Kadundure (Ginimbi) over the latter's alleged refusal to pay the debt he owes to Mawere.Responding to a Good morning post of Tweeter by Kad...Published: 11 Dec 2018 at 10:27hrs | 4403 | by Mandla Ndlovu
Kamambo promises bliss
ASPIRING Zifa president Felton Kamambo has pledged a more efficient, richer, transparent and successful administration if he wins the mandate to lead the national football mother body, with elections ...Published: 11 Dec 2018 at 05:42hrs | 571 | by Staff reporter
Which fundamentals require attention?
There is a real sense of despair in the country. Perhaps it is a left over from the heady days when we celebrated the final departure of former President Robert Mugabe from office and welcomed a 'new'...Published: 10 Dec 2018 at 06:09hrs | 905 | by Eddie Cross
Prominent businessman faces jail over $4,7m debt
Prominent businessman Munner Kamruddin Kazi faces jail after his former business partner Thamer Said Al Shanfari approached the High Court, seeking his civil imprisonment over a $4,7 million debt....Published: 10 Dec 2018 at 06:00hrs | 1731 | by Staff reporter
Economy rebasing to grow Zimbabwe revenue
The rebasing of the Zimbabwean economy has highlighted additional opportunities to grow revenue and also pointed to high levels of tax evasion, Finance and Economic Development Minister Mthuli Ncube h...Published: 10 Dec 2018 at 05:32hrs | 454 | by Staff reporter
It's time we have our Logan Act
A quick search on Wikipedia, specifies that, "the Logan Act is a United States federal law that criminalizes negotiation by unauthorized persons with foreign governments having a dispute with the US. ...Published: 09 Dec 2018 at 21:28hrs | 1130 | by Christine Lethokuhle Mabhena
Mphoko's world crumbling?
Former vice president Phelekezela Mphoko's world is crumbling down following his fall from grace in November last year.The diplomat could just be on the verge of losing what many consider to b...Published: 09 Dec 2018 at 14:11hrs | 3486 | by Staff reporter
'Zimbabwe's tax system too complex'
A business operating in Zimbabwe will have to make at least 51 payments for it to be considered to be compliant with its tax obligations, a study of the country's tax regime has shown.According to...Published: 09 Dec 2018 at 07:11hrs | 790 | by Staff reporter
Mega deals remain elusive for Zimbabwe
Locally, thousands have called him a hero for toppling the only leader Zimbabwe has known for almost four decades.Abroad, investors are, for the first time in decades, considering Zimbabwe as ...Published: 08 Dec 2018 at 14:50hrs | 511 | by Staff reporter
Zupco to lose four buses, car
Four buses belonging to the troubled Zimbabwe United Passengers Company Limited (Zupco) are set to go under the hummer to offset a debt.Apart from the four buses, the public transport operator...Published: 08 Dec 2018 at 14:46hrs | 655 | by Staff reporter
Trump's govt piles more pressure on Mnangagwa
THE United States administration has challenged President Emmerson Mnangagwa to deal with his government's economic mismanagement rather than blame the current economic mess on sanctions the global po...Published: 08 Dec 2018 at 14:40hrs | 930 | by Staff reporter
Germany want 'reforms resolve before re-engaging' - why ignore ED's reply, rigged elections
First it was the British who were bending over backwards to re-engage the corrupt and tyrannical Mnangagwa regime, for the UK's selfish reasons. Ever since Mnangagwa seized power in Zimbabwe, a year a...Published: 07 Dec 2018 at 18:25hrs | 5073 | by Nomusa Garikai
Tetrad Bank removed from judicial management
Following the placement of Tetrad Investment Bank under provisional judicial management on 29 January 2015 and the subsequent implementation of a scheme of arrangement on 15 November 2017, the Deposit...Published: 07 Dec 2018 at 12:01hrs | 668 | by Ndou Paul
Zera mulls pricing fuel in forex
The Zimbabwe Energy Regulatory Authority (Zera) has made submissions to Government to allow some selected service stations countrywide to sell fuel to motorists in foreign currency.This comes ...Published: 07 Dec 2018 at 06:24hrs | 2126 | by Staff reporter
US accuses Mnangagwa of imitating Mugabe's autocratic rule
THE United States government says it is willing to engage Zimbabwe only after genuine political and economic reforms and accused President Emmerson Mnangagwa's government of aping former President Rob...Published: 07 Dec 2018 at 06:07hrs | 2723 | by Staff reporter
$130m CSC deal backfires
THE decision by government to go it alone in negotiating a US$130 million Cold Storage Company (CSC) deal with a foreign firm without involving the meat processor's board in scrutinising the package h...Published: 07 Dec 2018 at 06:05hrs | 1526 | by Staff reporter
China leads Zimbabwe cities revamp
THE future has arrived, and it looks nothing like what anyone expected. In the midst of a debilitating economic crisis, Zimbabwean urban centres are plagued by pollution, poverty and crumbling infrast...Published: 07 Dec 2018 at 05:58hrs | 880 | by Staff reporter
Germany keen on re-engaging Zimbabwe
GERMANY has taken the initiative to renew bilateral ties with Zimbabwe after it dispatched a high-powered delegation to Harare in the past week to open discussions aimed at opening a new chapter on tr...Published: 07 Dec 2018 at 05:57hrs | 540 | by Staff reporter
MDC sued over $14 000 telecoms equipment hire debt
THE High Court has ordered opposition MDC party to pay $14 146 to a local telecommunications firm, Ericom Communications, for equipment hired nearly two decades ago.The telecommunication firm ...Published: 07 Dec 2018 at 05:49hrs | 126 | by Staff reporter
MDC sued over $14 000 telecoms equipment hire debt
THE High Court has ordered opposition MDC party to pay $14 146 to a local telecommunications firm, Ericom Communications, for equipment hired nearly two decades ago.The telecommunication firm ...Published: 07 Dec 2018 at 05:48hrs | 75 | by Staff reporter
'Zimbabwe runs out of fuel'
ZIMBABWE Energy Regulatory Authority (Zera) acting chief executive officer Eddington Mazambani yesterday revealed to Parliament that the country had exhausted the $60 million worth of fuel imported la...Published: 07 Dec 2018 at 05:48hrs | 1791 | by Staff reporter
Fuel companies call for 2-week forex cover
Fuel firms operating in the country have said Government should supply them with two-week worth of foreign currency cover to ensure there are no gaps that "exaggerate" the fuel shortages. Appe...Published: 07 Dec 2018 at 05:22hrs | 723 | by Staff reporter
AirZim planes are death traps?
Air Zimbabwe planes have no functioning oxygen masks inside their planes, it has been alleged.A prominent medical doctor from Bulawayo who declined to be named for professional reasons n...Published: 06 Dec 2018 at 09:39hrs | 3048 | by Mandla Ndlovu
Mnangagwa's big paycheck revealed
President Emmerson Mnangagwa and his two Vice-Presidents earn an average monthly salary of $17 500 each.According to the Blue Book, the government document which details its expenditure and de...Published: 06 Dec 2018 at 06:05hrs | 8114 | by newZWire
Why we need to be open to each other on the currency Mr Finance Minister
Zimbabwe in January 2009 adopted a basket of currencies as the official medium of exchange. Government business and transactions where done in United States dollars. Eventually the United States dolla...Published: 05 Dec 2018 at 07:43hrs | 2522 | by Henry Madiro
Mthuli Ncube in currency volte-face
Finance minister Mthuli Ncube, who two months ago indicated that he would prioritise currency reforms, including demonitising the country's fiat currency last Wednesday made a huge climb down on the p...Published: 04 Dec 2018 at 20:37hrs | 11125 | by Staff reporter
Mthuli Ncube statement at the United Nations High Level Meeting on Middle Income Countries
STATEMENT BY HON. PROFESSOR MTHULI NCUBE, MINISTER OF FINANCE AND ECONOMIC DEVELOPMENT, ON THE OCASSION OF THE UNITED NATIONS HIGH LEVEL MEETING ON MIDDLE INCOME COUNT...Published: 04 Dec 2018 at 19:03hrs | 2268 | by Staff Reporter
Mapfumo must embrace a spirit of patriotism
It's a shame to know that Thomas Mapfumo a Zimbabwean and an American based songwriter and singer utters that the New Dispensation should practice good governance before they call for the removal of e...Published: 04 Dec 2018 at 14:03hrs | 1965 | by Rudo Saungweme
Mliswa threatens to quit
Chairperson of the Mines and Energy parliamentary portfolio committee Temba Mliswa has threatened to resign after Zanu-PF MPs blocked the fielding of testimony by Hwange Colliery board member Nicholas...Published: 04 Dec 2018 at 13:27hrs | 3199 | by Staff reporter
Parliament blocks Mawere
The clerk of parliament Kennedy Chokuda allegedly used the bureaucratic process of parliament to block South Africa based business tycoon Mutumwa Mawere from appearing before the Portfolio Committee o...Published: 04 Dec 2018 at 08:54hrs | 4707 | by Mandla Ndlovu
Parliament orders accountant-general to publish 2016 financials
ACCOUNTANT-General Daniel Muchemwa has been ordered by Parliament to produce and publish government's consolidated financial statements for 2016 and 2017 before year-end.Muchemwa, who on Monda...Published: 04 Dec 2018 at 06:36hrs | 231 | by Staff reporter
Van Hoogstraten opposes Hwange reconstruction
British businessman Nicholas van Hoogstraten, says he is going to challenge the reconstruction of Hwange Colliery Company Limited (HCCL). Van Hoogstraten holds a 31 percent shareholding in HCCL. ...Published: 04 Dec 2018 at 06:19hrs | 340 | by Staff reporter
Mnangagwa and the economic melt down
As Zimbabwe entered into the end of the first year without Cde Mugabe, elites all over the country were gripped by austerity fever, a strange malady that combined extravagant fear with blithe optimism...Published: 03 Dec 2018 at 19:22hrs | 1421 | by Dr Masimba Mavaza
Mliswa climbs down on Hwange parliament hearing
The Chairperson of the Parliamentary Portfolio Committee on Mines and Mining Development, Temba Mliswa was left licking his wounds this Monday and had to apologise to committee members for trying to f...Published: 03 Dec 2018 at 17:49hrs | 1610 | by Staff reporter
Van Hoogstraten divides MPs
There was commotion in Parliament today when members of the portfolio committee on Mines and Mining Development disagreed among themselves on whether one of Hwange's shareholder, Mr Nicholas Van Hoogs...Published: 03 Dec 2018 at 17:47hrs | 1780 | by Staff reporter
Zimbabwe fuel situation gets desperate
Suppliers are apparently refusing to release fuel to Zimbabwe until the government settles what it owes to them, the Daily News was told yesterday.This comes as the prices of fuel are going do...Published: 03 Dec 2018 at 09:38hrs | 3805 | by Staff reporter
Zimbabwe telecoms sector on growth path, revenues exceed $1billion
Zimbabwe's telecoms sector generated revenue in excess of $1 billion and contributed 7,2 % to the country's gross domestic product (GDP) in 2017, the industry regulator has said.Postal and Tel...Published: 03 Dec 2018 at 07:48hrs | 442 | by Staff reporter
Econet Wireless sues subscriber for $235,000
ECONET Wireless (Pvt) Ltd has petitioned the court seeking an order to compel a Victoria Falls resident, Lwiza Ngwenya to settle a $235 870 debt.According to court papers, Ngwenya is said to h...Published: 03 Dec 2018 at 07:47hrs | 4543 | by Staff reporter
Shareholders approve Cassava demerger, separate listing
SHAREHOLDERS of Econet Wireless have approved the demerger of Cassava SmarTech from Econet Wireless Zimbabwe Limited, paving the way for the listing of a new diversified technology business called Cas...Published: 03 Dec 2018 at 07:19hrs | 107 | by Staff reporter
Thumbs up for Mthuli Ncube
THE cost-cutting measures announced by Finance and Economic Development Minister Professor Mthuli Ncube are expected to restore confidence in the economy while also trimming budget deficit, analysts h...Published: 03 Dec 2018 at 06:47hrs | 3166 | by Staff reporter
Zimbabwe seeks funds to improve power infrastructure
Zimbabwe requires $1,2 billion to finance new power projects and repair ageing infrastructure, a report by the African Development Bank (AfDB) has shown.Several of the country's thermal power ...Published: 02 Dec 2018 at 10:30hrs | 360 | by Staff reporter
Zimra targets $4,3 billion revenue
THE Zimbabwe Revenue Authority (Zimra) is targeting to collect $4,3 billion in gross revenue by year-end, up 8% compared to what was achieved in 2017, an official has said.Last year, the actua...Published: 02 Dec 2018 at 10:19hrs | 183 | by Staff reporter
Looking 'through' the MDC Alliance protest
After watching Thursday's MDC demonstration, I had a seminal tête-à-tête with a comrade in the academic struggle. We decided that we should focus on protests as political strategies, inquiring thei...Published: 02 Dec 2018 at 10:18hrs | 399 | by Micheal Mhlanga
Zimbabwe to clear IFI arrears by November 2019
Zimbabwe has set a November 2019 deadline to clear nearly $2 billion arrears owed to the World Bank and the African Development Bank as the southern African nation reengages with international financi...Published: 01 Dec 2018 at 15:02hrs | 2219 | by Staff reporter
Chamisa heaps pressure on Mnangagwa
As Zimbabwe's economy continues to deteriorate opposition leader Nelson Chamisa cranked up the political heat on President Emmerson Mnangagwa and his ruling Zanu-PF yesterday, calling for the immediat...Published: 30 Nov 2018 at 10:37hrs | 2717 | by Staff reporter
Zimbabwe Treasury Bills rollover triggers market panic
FINANCE minister Mthuli Ncube's engagement with market players to explore options for restructuring the Treasury Bills (TBs) to longer tenure - effectively rollovers of maturities - and surging inflat...Published: 30 Nov 2018 at 09:48hrs | 391 | by Staff reporter
Bond notes and Zimbabwe's currency debate
WHEN Reserve Bank of Zimbabwe governor John Mangudya announced in 2016 plans to issue bond notes, a currency he claimed had the same value as the US dollar, many were apprehensive.It was backe...Published: 30 Nov 2018 at 09:43hrs | 2067 | by Staff reporte
Zimbabwe may lose out on Chinese funds
China, a comprehensive strategic partner of Zimbabwe, feels its debt stricken ally has moved slowly towards seizing funding opportunities Beijing pledged at this year's Forum for China-Africa Co-opera...Published: 30 Nov 2018 at 09:24hrs | 636 | by Staff reporter
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