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Southern African power crisis stems from post-liberation history
THE electrical power crisis that has enveloped southern Africa has its roots in our post-liberation history. Prior to that, the utilities created by the States of southern Africa exhibited considerabl...Published: 4 hrs ago | 153 | by Eddie Cross
Zimbabwe unemployment, education system not directly linked
IN the Wednesday edition of NewsDay we carried a story in which some of our college student leaders were frothing at the mouth over the failure by many of the students to get employment soon after gra...Published: 4 hrs ago | 55 | by Staff reporter
Students blame Zimbabwe education system for joblessness
ZIMBABWE's tertiary students have blamed the country's education system for not preparing them for formal job after completing their studies, resulting in many turning to vending to make ends meet....Published: 07 Dec 2022 at 05:07hrs | 271 | by Staff reporter
Zimbabwe fulfils land compensation obligations?
WITH allocations in next year's budget and the Government and white former commercial farmers ready to work together to raise funds through long-term bonds, the farmers will start receiving compensati...Published: 07 Dec 2022 at 05:04hrs | 162 | by Staff reporter
Reserve Bank of Zimbabwe bullish on inflation
THE Reserve Bank of Zimbabwe (RBZ) yesterday remained bullish that month-on-month inflation will remain stable below 3% throughout next year, despite indications last week that the country will use de...Published: 06 Dec 2022 at 05:03hrs | 198 | by Staff reporter
Reserve Bank of Zimbabwe keeps bank rate at 200%
THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has h...Published: 06 Dec 2022 at 04:58hrs | 139 | by Staff reporter
Beyond Beijing's 'gift' to Zimbabwe
On November 23, 2022, the President of Zimbabwe, Emmerson Mnangagwa gave the state of the nation address at the new iconographic parliament building that was designed, funded, built and "donated" by C...Published: 04 Dec 2022 at 08:12hrs | 193 | by Gorden Moyo
Debt financing to fund 2023 budget
Finance minister Mthuli Ncube says debt financing will be used to fund the $4,5 trillion 2023 national budget, raising concerns about money supply growth.Treasury expects $3,9 trillion in reve...Published: 04 Dec 2022 at 08:11hrs | 75 | by Staff reporter
English language test dashes nurses' hopes of filling UK jobs
As a fluent English speaker, Indian-trained nurse Deepa was surprised to learn she had to sit a language test to practise in Britain, her home for many years. She was even more shocked when she failed...Published: 04 Dec 2022 at 08:07hrs | 299 | by Staff reporter
Chamisa, Mnangagwa legislators united over US$40m loan
Members of Parliament (MPs) from across the political divide who usually fiercely clash over policy issues have come to speak with one voice in defence of the controversial US$40m loan facility from t...Published: 03 Dec 2022 at 09:12hrs | 1076 | by Staff reporter
'Ministries dodge Zacc probe'
GOVERNMENT ministries are reportedly refusing to release information required for investigation of graft cases, in the process frustrating and delaying the finalisation of cases brought to the courts,...Published: 03 Dec 2022 at 07:13hrs | 336 | by Staff reporter
High Court suspends 5 Binga by-elections
THE High Court has barred the Zimbabwe Electoral Commission (Zec) from holding by-elections in five wards under Binga Rural District Council that were supposed to be held today.By-elections we...Published: 03 Dec 2022 at 07:13hrs | 1673 | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1221 | by Respect Gwenzi
Chamisa, Mnangagwa MPs jostle for US$40,000 housing loan
PARLIAMENTARIANS are legally bound to service the recently extended US$40 000 residential stands loans at an interest rate of 5% for the next five years.Some MPs have offered vehicles as colla...Published: 02 Dec 2022 at 19:31hrs | 390 | by Staff rteporter
RBZ in gems mop up deal
THE government has structured a deal that will see the Reserve Bank of Zimbabwe (RBZ) buying excess diamonds as it moves to shut out unscrupulous dealers that have been dribbling authorities....Published: 02 Dec 2022 at 19:30hrs | 238 | by Staff rteporter
Chissano to lead Zimbabwe re-engagement drive
ZIMBABWE has roped in the services of former Mozambican President Joachim Chissano to head a delegation that will seek to resolve the nation's long-standing impasse with its creditors and the internat...Published: 02 Dec 2022 at 05:02hrs | 964 | by Staff reporter
Government outlines measures to stabilise electricity supply
Efforts to stabilise electricity supply are ongoing, with the Government coming up with a raft of measures such as gradually reviewing the tariff upwards so that funds are available for maintenance, i...Published: 02 Dec 2022 at 04:56hrs | 239 | by Staff reporter
ZRP officer faces grim prospect of his pay being garnished for torturing civilian
A ZIMBABWE Republic Police (ZRP) officer could soon have his monthly salary garnished to pay up ZW$400,000 damages to a Chitungwiza man, Ednock Dube, who he tortured for violating Covid-19 curfew regu...Published: 01 Dec 2022 at 05:02hrs | 773 | by Staff reporter
Zimbabwe Foreign Affairs budget won't last 6 months
THE Foreign Affairs ministry has decried the low budgetary allocation it received in the 2023 National Budget saying it is inadequate to meet challenges faced by the country's embassies.Foreig...Published: 01 Dec 2022 at 05:00hrs | 200 | by Staff reporter
Old Mutual-backed tech hub trains start-ups on venture capital
Old Mutual Zimbabwe's corporate incubator and accelerator in Harare, Eight2Five Innovation Hub has collaborated with the US Embassy to bring a US Venture Capital expert, Dawn Batts to upskill local en...Published: 30 Nov 2022 at 17:44hrs | 167 | by Simbarashe Sithole
Zimbabwe govt rejigs US$3.5bn compensation to farmers
ZIMBABWE'S cash-strapped Treasury has proposed a staggered payout plan to settle the US$3.5 billion compensation to white ex-commercial farmers who lost vast tracts of land when the government embarke...Published: 29 Nov 2022 at 18:00hrs | 268 | by Staff reporter
'Mnangagwa's govt likely to print money to fund deficit'
ONE of Zimbabwe's top financial institutions, FBC Holdings Limited (FBC) says the 2023 National Budget announced last week will likely be funded by money printing, amid dwindling revenue options for T...Published: 29 Nov 2022 at 05:21hrs | 330 | by Staff reporter
Mnangagwa promotes 7 Zimbabwe Prison senior officers
President Mnangagwa has promoted seven Zimbabwe Prison and Correctional Services (ZPCS) senior officers to the ranks of commissioner and assistant commissioner.Officers who were promoted to th...Published: 29 Nov 2022 at 05:16hrs | 217 | by Staff reporter
Zimbabwe govt pays US$50,28m to service external debt
TREASURY paid out US$50,28 million between January and September this year towards servicing its active debt portfolio while token payments were also made for debt arrears owed to International Financ...Published: 29 Nov 2022 at 05:15hrs | 224 | by Staff reporter
NSSA a curse upon pensioners and vehicle for fleecing Zimbabweans!
As Zimbabwe continues to spiral out of control in an economic vortex - sinking deeper into an abyss - numerous employees are getting laid off from companies without any terminal benefits, becoming mor...Published: 28 Nov 2022 at 16:07hrs | 1184 | by Tendai Ruben Mbofana
Mthuli Ncube skating on thin ice
THE $4,5 trillion 2023 national budget presented by Finance minister Mthuli Ncube on Thursday has set tongues wagging.Firstly, $4,5 trillion is way above the $3,9 trillion projected revenue fo...Published: 28 Nov 2022 at 04:57hrs | 510 | by Staff reporter
Zimbabwe foreign debt now US$14.4bn
DEBT-RIDDEN Zimbabwe's total official Public and Publicly Guaranteed (PPG) debt is estimated at ZW$2.2 trillion for domestic debt and US$14 billion for external debt (including blocked funds of US$3.1...Published: 27 Nov 2022 at 14:58hrs | 232 | by Staff reporter
Mnangagwa's govt in $174 billion expenditure overrun
ZIMBABWE has reported a $174 billion expenditure overrun in the nine months of 2022 to September, latest figures show.Despite beating revenue collection targets for the nine months of 2022 by ...Published: 27 Nov 2022 at 14:54hrs | 84 | by Staff reporter
NRZ suspends commuter trains
THE National Railways of Zimbabwe (NRZ) has suspended its commuter train service, pending a payment of overdue fees by the Zimbabwe Passenger Company (Zupco).The commuter trains, which ply var...Published: 27 Nov 2022 at 14:50hrs | 182 | by Staff reporter
Does Zimbabwe need the Commonwealth?
ZIMBABWE joined the Commonwealth in 1980 after gaining independence from Britain - in what appeared to be a major victory for the Commonwealth. Twenty-three years down the road, Zimbabwe quit the Comm...Published: 25 Nov 2022 at 05:11hrs | 291 | by Vusi Nyamazana
'Mthuli Ncube must pay civil servants USD salaries'
PRESSURE is mounting on Finance minister Mthuli Ncube to announce the payment of civil servants' salaries in United States dollars in the 2023 national budget which he will announce today.Ncub...Published: 24 Nov 2022 at 04:59hrs | 1777 | by Staff reporter
Norsad Capital provides CABS Zimbabwe with a Medium-term Credit facility of USD10 million
Norsad Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building Societ...Published: 21 Nov 2022 at 09:51hrs | 801 | by Agencies
It's time Redcliff Municipality was investigated for its questionable dealings!
For a long time I had foolishly believed the yarn that poor service delivery, or the total lack of, in our small town of Redcliff was due to the non-payment of bills by residents. I was - afte...Published: 21 Nov 2022 at 09:45hrs | 1055 | by Tendai Ruben Mbofana
Mnangagwa's ministers splurge US$23,000 at music album launch
FINANCE minister Mthuli Ncube and Youth deputy minister Tinotenda Machakaire on Saturday irked poverty-stricken Zimbabweans after they both spent a whopping US$23 500 to buy Bulawayo-based musician Sa...Published: 15 Nov 2022 at 04:52hrs | 552 | by Staff reporter§
Zimbabwe's re-engagement effort faces brickwall
The Zimbabwe's re-engagement drive is largely influenced by many issues, chief among them political instability, democracy, high inflation and unemployment.Through the ongoing re-engagem...Published: 15 Nov 2022 at 04:50hrs | 409 | by Nomatter Jakachira
Zimbabwe opposition disunity promotes Mnangagwa's rule
RENOWNED economist, Dr Godfrey Kanyenze has blamed disunity among the country's opposition political parties for propping up President Emmerson Mnangagwa's ascendancy and leaving foreign allies with n...Published: 14 Nov 2022 at 05:25hrs | 1644 | by Staff reporter
Zimdollar facing headwinds
For weeks, we have been told that the forex rates from both the official and parallel markets were stabilising and that this would mean inflation would soon follow.But, if the movement of the ...Published: 14 Nov 2022 at 05:14hrs | 1118 | by Staff reporter
Beware of the folly of Trojan rulers!
Government, folly of mankind?Barbara W Tuchman is a prolific writer on politics as read through history. I enjoy her take on her subject.But she is American, western, itself an importa...Published: 13 Nov 2022 at 18:07hrs | 439 | by on Saturday
Zanu-PF property baron boasts over illegal occupation of council beer hall
Former Zanu-PF councillor for Chitungwiza Town Council's Ward 7 and property baron Charamba Mlambo has taken to social media to boast about how he will keep clinging to council beer hall without any v...Published: 13 Nov 2022 at 17:38hrs | 157 | by Staff reporter
Tendai Biti blames government for power blackouts
CITIZENS Coalition for Change vice president Tendai Biti has said rolling power blackouts have a negative impact on the pillars of the economy and Government should consider investing in renewable ene...Published: 13 Nov 2022 at 17:32hrs | 90 | by Staff reporter
Mnangagwa woos investors at AfDB organised forum
PRESIDENT Emmerson Mnangagwa has invited investors who graced the recently held Africa Development Bank (AfDB) organised event to tap into the country's agricultural, mining and manufacturing sectors ...Published: 13 Nov 2022 at 17:32hrs | 70 | by Staff reporter
Air Zimbabwe optimistic of IATA re-admission
THE country's national airline, Air Zimbabwe, is optimistic of being re-admitted into the International Air Transport Association (IATA) as Government has cleared 90 percent of its debt to the interna...Published: 13 Nov 2022 at 17:29hrs | 140 | by Staff reporter
Zimbabwe police pays ZW$1 million compensation to victim of 2018 shooting
THE Zimbabwe Republic Police (ZRP) has paid ZW$1 million compensation to a man who was shot and injured by a constable in 2018, two years after the case was brought to the courts by the Zimbabwe Lawye...Published: 09 Nov 2022 at 05:17hrs | 1528 | by Staff reporter
Zimdollar dollar budget will fuel inflation
AFRICA Economic Development Strategies executive director Gift Mugano has warned that the proposed $3,4 trillion 2023 national budget will fuel inflation and deepen the economic crisis in the southern...Published: 08 Nov 2022 at 05:09hrs | 333 | by Staff reporter
Air Zimbabwe seeks suitors for long-haul aircraft
AIR Zimbabwe, the country's State-owned carrier, is courting potential takers to lease out its long-haul aircraft, as part of efforts by the national airline to consolidate its revenue base as it emer...Published: 08 Nov 2022 at 05:02hrs | 239 | by Staff reporter
'War vets hold Mnangagwa to ransom'
WAR veterans have cornered President Emmerson Mnangagwa demanding that he approves "commensurate benefits", including loan guarantees and rebates for duty-free car imports before they could back his r...Published: 07 Nov 2022 at 05:31hrs | 834 | by Staff reporter
Africans are to blame for soon-coming Nuclear World War III
When human beings were created, there was a certain field of knowledge which they were not supposed to extrapolate into. Knowledge was supposed to be limited for the good and continuity of this Planet...Published: 05 Nov 2022 at 05:36hrs | 3966 | by Ryton Dzimiri
The economic impact of Zidera
No doubt there are many opinions and interpretations out there with regard to the issue of sanctions and I thought it's important to try and unpack the Zimbabwe Democracy and Economic Recovery Act (Zi...Published: 04 Nov 2022 at 05:34hrs | 517 | by Vince Musewe
Legitimate Zifa exec tears into audit report
Felton Kamambo's fired Zifa executive has claimed that the audit report on the association's finances compiled by BDO Chartered Accountants exonerates them from any wrongdoing.Kamambo and his ...Published: 02 Nov 2022 at 05:06hrs | 1799 | by Staff reporter
Mr President, Zanu-PF oftentimes erupts in annoyance
DEAR President Emmerson Mnangagwa,Your Excellency, as I see it, your party, Zanu-PF, exhibited the dearth of its democratic essence by denying the NewsDay crew accreditation to cover the party...Published: 02 Nov 2022 at 05:02hrs | 366 | by Cyprian M Ndawana
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