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Why is Zanu-PF opening branches and office in South Africa?
Out of all liberation parties in Africa, Zanu PF is the only one that is opening offices and branches in all major South African cities and beyond. For an independent country like Zimbabwe, an embassy...Published: 17 May 2024 at 13:45hrs | 21 | by Israel Dube
Zimbabwe capital markets conferences set for SA
FINANCIAL Markets Indaba (FMI), in partnership with the Victoria Falls Stock Exchange (VFEX) is set to co-host two Zimbabwe capital markets conferences in South Africa next month, NewsDay Business can...Published: 22 Mar 2024 at 09:38hrs | 2 | by Staff reporter
FML bosses fleece policyholders
FIRST Mutual Life Assurance (FML) managers set up an employee mortgage scheme and an employee staff loan scheme without the knowledge of the board, resulting in policyholders being prejudiced of more ...Published: 21 Mar 2024 at 19:45hrs | 2 | by Staff reporter
Mnangagwa slams western hypocrisy
PRESIDENT Mnangagwa has slammed western hypocrisy where "false environmental and mining lobby groups" are paid to agitate local communities to fight non-western investment in their localities. The cou...Published: 23 May 2022 at 06:39hrs | 1 | by Staff reporter
Zimbabwe: Class IN itself versus Class FOR itself
US goose versus NED ganderTHERE is always more to write about than there is space to publish. Last week I had to drop two key matters, to allow myself to address in extenso what I sought to ra...Published: 21 May 2022 at 17:53hrs | | by Staff reporter
Trevor Ncube's dalliances with Mnangagwa run much deeper
This article on the mysterious and controversial relations between President Emmerson Mnangagwa and local publisher Trevor Ncube is a summary based on an extract from...Published: 08 Apr 2022 at 09:22hrs | 6 | by Jonathan Mbiriyamveka
Zimdollar continues to lose value against US$
THE official exchange rate at the forex auction system moved to US$1:$142,4 on Tuesday from US$1 to $138,2 last week.There is, however, a huge margin between the official exchange rate and the...Published: 31 Mar 2022 at 08:48hrs | | by Staff reporter
RBZ issues ZW$2,1bn Treasury Bill
THE Reserve Bank of Zimbabwe (RBZ) yesterday issued a ZW$2,1 billion Treasury Bill seeking to raise funding from the market to support development programmes and public cashflow management.Tre...Published: 24 Mar 2022 at 05:20hrs | | by Staff reporter
Zimdollar retreats again
THE Zimbabwe dollar has again weakened against the United States dollar at the weekly forex auction system on Tuesday where it traded at US$1: $127,3. Last week, the local currency traded at $...Published: 03 Mar 2022 at 05:41hrs | | by Staff reporter
RBZ resumes forex auction
THE weekly Foreign Currency Auction Trading System resumed activity this Tuesday after the festive season break with the Zimbabwe dollar trading at 112,82 against the United States dollar.The ...Published: 20 Jan 2022 at 05:33hrs | | by Staff reporter
Zimdollar tanks as RBZ forex auction resumes
THE weekly Foreign Currency Auction Trading System resumed activity yesterday after the festive season break with the Zimbabwe dollar trading at 112,82 against the United States dollar.The Res...Published: 19 Jan 2022 at 19:57hrs | | by Staff reporter
Chamisa 'sponsoring investors' cry foul over mine
A Botswana company has been 'cheated' of a gold mining concern by its local partners, who have allegedly politicised the issue and accused the investors of sponsoring MDC Alliance leader Nelson Chamis...Published: 28 Nov 2021 at 13:07hrs | 7 | by Staff reporter
BNC heads for VFEX
BINDURA Nickel Corporation (BNC) is set to delist from the Zimbabwe Stock Exchange (ZSE) next month and switch to the forex-indexed Victoria Falls Stock Exchange (VFEX) under a strategy spelt out by c...Published: 22 Nov 2021 at 06:10hrs | 9 | by Staff reporter
Zimbabwe govt turns to UN over gem ban
ZIMBABWE'S ruling Zanu-PF and 16 fringe opposition parties under the Political Actors Dialogue (Polad) have requested the United Nations (UN) to help it resume international trade in diamonds, the Zim...Published: 07 Nov 2021 at 08:07hrs | 7 | by Staff reporter
Controversial pipeline deal to balloon to US$4 billion
FRESH details on the controversial US$1.3 billion new pipeline project, whose implementation is being spearheaded by President Emmerson Mnangagwa's political and business cronies, have emerged showing...Published: 21 Aug 2021 at 13:07hrs | 10 | by Staff reporter
Eradicating extreme poverty critically essential
The World Bank Economic Update on Zimbabwe released in June 2021 contains some worrying trends on the increase in extreme poverty in the country. The report points that the number of extremely poor re...Published: 29 Jul 2021 at 13:27hrs | 9 | by Victor Bhoroma
UK company proposes US$850m fuel pipeline for Zimbabwe
A UNITED Kingdom-registered oil company with strong South African links, Coven Energy Limited, has tabled an ambitious US$850 million investment proposal to construct Zimbabwe's second fuel pipeline i...Published: 03 Jul 2021 at 21:35hrs | 2 | by Staff reporter
CFU asks dispossessed farmers to compile evidence
THE Commercial Farmers' Union (CFU) has urged its members who were evicted from their farms since 2000 to bring forward photographs and videos, among other evidence, showing how they were removed from...Published: 19 Jun 2021 at 15:03hrs | 9 | by Staff reporter
Mystery of Kuda Tagwirei's assets in Zimbabwe revival plan
In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. that would hold some of the nation's most valuable gold, platinum, chrome and nickel mi...Published: 11 May 2021 at 09:02hrs | 9 | by Staff reporter
Unresolved economic issues for 2021
The Zimbabwean economy has experienced a period of relative stability since October 2020, even though multiple reforms have to be implemented to attain sustained economic growth. To a larger extent th...Published: 19 Apr 2021 at 09:05hrs | | by Victor Bhoroma
Victoria Falls exchange primed to be the best
Government plans to make the Victoria Falls Stock Exchange (VFEX), which will provide an avenue for foreign currency listings, one of the best in the region whose rules and regulations are in line wit...Published: 11 Oct 2020 at 10:02hrs | | by Staff reporter
'Govt to take 100% of Zupco ownership'
ZIMRE Holdings Limited has signalled a possibility of a disinvestment or a potential buy-out in Zupco by the Government. Government holds 51 percent of the transport company while Zimre has a ...Published: 15 Jul 2019 at 07:46hrs | | by Staff reporter
Introduction of Zimdollar to sink economy, say analysts
THE decision by government this week to abolish the multi-currency regime and re-introduce the Zimbabwean dollar as the sole legal tender could be catastrophic as the local currency's value may tumble...Published: 30 Jun 2019 at 09:05hrs | | by Staff reporter
RBZ warns banks over forex abuse
The Reserve Bank of Zimbabwe (RBZ) has warned it will take punitive action against banks flouting exchange control regulations after noting rampant abuse of nostro (domestic) foreign currency accounts...Published: 24 May 2019 at 06:37hrs | | by Staff reporter
Foreign investors threaten ZSE pullout
The inability by foreign investors to repatriate capital and disinvestment proceeds from the country is hampering the performance of the Zimbabwe Stock Exchange, amid reports custodians are threatenin...Published: 03 May 2019 at 09:55hrs | | by Staff reporter
Privatization is key to Zimbabwe's economic recovery plan
The microeconomic foundations of economies ensure that macroeconomic objectives are achieved. Stated differently, macroeconomic goals can only be achieved if there are robust institutions ensuring tha...Published: 04 Apr 2019 at 08:16hrs | | by Tinashe Eric Muzamhindo
Removal of the Indigenization policy: Good Riddance
The announcement by the Zimbabwean government that it will scrap the Indigenization and Empowerment policy for all investments into the country comes as a welcome development for domestic and foreign ...Published: 25 Mar 2019 at 13:04hrs | 2 | by Victor Bhoroma
'Inter-bank trades US$12m weekly'
The inter-bank foreign exchange market is averaging trades of US$12 million weekly, three weeks after its introduction, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya told Parliamentarians y...Published: 12 Mar 2019 at 05:43hrs | | by Staff reporter
Foreign investors can finally take money out of Zimbabwe
Foreign investors on the Zimbabwe Stock Exchange are likely to take a huge foreign exchange loss on their investments, but at least they can now have their money back following a new directive by the ...Published: 04 Mar 2019 at 19:33hrs | | by Staff reporter
Zimbabwe how long?
It goes without saying...Africa has economic, constitutional, political struggles that appear endlessly to come out of the depressed conditions her leadership is taking her through. African ci...Published: 04 Feb 2019 at 07:37hrs | | by Manyevere M Andrew
Mphoko to be paid for 51% of Choppies
FORMER Vice-President Phelekezela Mphoko and his son, Siqokoqela, have exited Choppies Supermarkets after offering to be bought out of the company to end a protracted ownership wrangle. The Mp...Published: 19 Jan 2019 at 11:09hrs | | by Staff reporter
Temporary forex relief for companies
COMPANIES facing imminent closure due to lack of foreign currency got temporary respite after government issued letters of credit allowing large corporates to procure raw materials, Confederation of Z...Published: 18 Jan 2019 at 12:16hrs | 1 | by Staff reporter
Zimbabwe's next five years: 2018-2023 (realities, lies)
POLITICAL perspectives in Zimbabwe, at least after the recent 2018 general election, have tended to have a sense of immediacy and urgency.Spurred on by the fundamentally zero-sum power games t...Published: 26 Sep 2018 at 11:29hrs | 1 | by Takura Zhangazha
Mnanagwa's turning point
PRAGMATISM. That could be the word we were looking for to describe President Mnangagwa's approach and philosophy as he conducts business as leader of both Zanu-PF - the ruling party - and Government. ...Published: 19 Sep 2018 at 06:34hrs | | by Tichaona Zindoga
Mnangagwa strategy for Zimbabwe's recovery
The multiple initiatives that President Emerson Dambudzo Mnangagwa's administration has launched may be confusing to a citizenry already buffeted by years of debility and decline.It is thus im...Published: 08 Apr 2018 at 09:16hrs | | by George Charamba
Tourism geared to turn around Zimbabwe economy
Zimbabwe's tourism industry should soon turn around the economy through increased tourism activity at the country's tourism resort areas.Zimbabwe's tourism industry activities aimed at turning...Published: 21 Mar 2018 at 14:33hrs | | by Derick Tsimba
Recalling the bungling and painful reality
THE recent announcement by the Government that Zimbabwe has joined Zambia and Botswana in the Kazungula Bridge project, belated though it is, is a coup de grace in international relations and co-opera...Published: 20 Mar 2018 at 06:16hrs | 1 | by Jonathan Maphenduka
Zimbabwe after Morgan Tsvangirai - A narrative full of trials, sadness and hope
Our condolences go to the family of the Tsvangirais for an irreplaceable loss of their father, brother and, uncle, and for the country to whom Morgan Richard Tsvangirai became a stalwart for championi...Published: 18 Feb 2018 at 22:42hrs | | by Andrew Manyevere
Investors smile on Zimbabwe?
Prospects for local industrial growth are brighter this year, with more company resuscitations expected as the country continues to gain ground as a fertile investment destination, a senior official h...Published: 11 Feb 2018 at 07:42hrs | | by Staff reporter
Commercial coffee farmers leave Zimbabwe
Zimbabwe is only left with about two commercial coffee farmers on 300 hectares, down from 145 who were farming over 7 600 hectares before 2004.Zimbabwe Coffee Mill director Johane Jori told th...Published: 01 Feb 2018 at 11:47hrs | | by Staff reporter
A projection on a trajectory Jetson pathway: From here where to Zimbabwe?
Zimbabwe future demands best of everything at its best and not worst of everything at its worst unfolding in packages least expected. I use two words advisedly: Trajectory and Jetson. Jetson because i...Published: 30 Jan 2018 at 23:23hrs | | by Andrew M Manyevere
SA not innocent of the demise of Zimbabwe
Former Radio Zimbabwe presenter Eric Knight has said South Africa is not innocent of the demise of Zimbabwe following its fraudulent mediation ahead of the 2008 global political agreement."Sou...Published: 28 Jul 2017 at 07:04hrs | | by Stephen Jakes
Information technology a friend or a foe?
This 21st century has seen a huge influx of information technology systems and applications. However, Information Technology is a mixed bag as it is neither a friend nor a foe, largely depending on th...Published: 25 Jul 2017 at 21:01hrs | | by Patricia Masiyakurima
Cash shortages spawn dual pricing
The shortage of cash in the market has created dual pricing for cash and electronic transactions as traders scrounge for the elusive United States dollar which quickens the process in foreign paym...Published: 27 Nov 2016 at 09:08hrs | | by Staff reporter
Guptas to sell shareholding in all South African businesses
The Gupta Family today announced its intention to dis-invest from South Africa by selling all of its shareholding in South Africa by the end of the year.The Gupta Family said: Since our decisi...Published: 27 Aug 2016 at 14:43hrs | 1 | by Staff reporter
Beitbridge Express Hotel shuts down
The $32 million Beitbridge Express Hotel with 140-rooms has shut down. The hotel closed shop on January 31 after suffering heavy losses amounting to $507 944 in the past two years....Published: 03 Feb 2016 at 07:18hrs | | by Thobekile Zhou
Minister warns exposure of political renegades
INFORMATION, Media and Broadcasting Services Minister Dr Christopher Mushohwe has warned his colleagues in the party and Government to stop leaking information discussed in closed door Government and ...Published: 17 Jan 2016 at 09:10hrs | | by Vincent Gono
Celebrating 'Unity Day' is Celebrating Genocide: PDP
It is with a profound sense of patriotism and a deep sense of duty that on behalf of my party; the People's Democratic Party (PDP), I make the following remarks on the occasion of Zimbabwe's 'Unity Da...Published: 21 Dec 2015 at 20:28hrs | | by Dr Gorden Moyo - Secretary General of People's Democratic Party (PDP) 21 December, 2015
Scotland lecturer seeks funds for Inyathi university project
A SCOTS lecturer has launched a fund-raising campaign to establish a university in Zimbabwe on the site of a mission with ties to explorer Dr David Livingstone.Arnold Bhebhe, 55, a media studi...Published: 19 Jul 2015 at 10:24hrs | | by The Scotsman
Bulawayo is the City of boozers
BULAWAYO Metropolitan Province has once again emerged as the place with the highest figures of heavy drinkers of alcoholic beverages, with a consumption rate of 38.3 percent compared to the national a...Published: 13 Jun 2015 at 12:48hrs | 1 | by Leonard Ncube
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