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Confidence in Zimbabwe gold currency hits historic low
Confidence in the Zimbabwe Gold (ZiG) currency has dropped to an all-time low, a member of the Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has admitted.Introduced in April this ye...Published: 14 Nov 2024 at 09:52hrs | 1699 | by Staff reporter
Afreximbank to inject US$1bn into Zimbabwe economy
The African Export-Import Bank (Afreximbank) has announced a substantial financial commitment of US$1 billion to support Zimbabwe's economic growth, with funds allocated to various sectors in both the...Published: 14 Nov 2024 at 09:21hrs | 161 | by Staff reporter
ZESA singlehandedly destroying Zimbabwe: The shocking truth behind the power crisis
In Zimbabwe, there is a harsh reality that every citizen faces: power outages, or "load shedding," are an almost daily occurrence. Power cuts, sometimes lasting up to 18 hours, have become the...Published: 12 Nov 2024 at 21:07hrs | 3538 | by Tendai Ruben Mbofana
Macheso's kupa kuturika accepted
Sungura lovers have accepted the "king of Sungura" Alick Macheso's latest album "Kupa kuturika" Macheso who is on a nationwide tou...Published: 12 Nov 2024 at 15:25hrs | 2618 | by Simbarashe Sithole in Dotito
'Trump Presidency to hurt Zimbabwe's trade, investments'
Zimbabwe's trade and investment prospects could face significant challenges following United States President-elect Donald Trump's proposed tariff policies, according to an analysis by FBC Securities....Published: 11 Nov 2024 at 07:13hrs | 2260 | by Staff reporter
Council in US$2,1m billing system storm
The Harare City Council recently bypassed a locally-developed enterprise resource planning (ERP) system, opting instead to pay US$2.1 million to a foreign vendor, prompting public criticism. The rejec...Published: 11 Nov 2024 at 07:02hrs | 151 | by Staff reporter
High interest rates choking Zimbabwe currency borrowing
Listed clothing retailer, Edgars Stores Limited, has reported a resilient performance for the half-year period ending July 7, 2024, despite the ongoing economic setbacks and high interest rates that c...Published: 10 Nov 2024 at 11:02hrs | 181 | by Staff reporter
ZERA increases fuel prices in Zimbabwe
The Zimbabwe Energy Regulatory Authority (ZERA) has announced a fuel price adjustment for diesel and petrol blend, impacting prices in both Zimbabwean dollars and US dollars. The new rates, effective ...Published: 06 Nov 2024 at 16:24hrs | 8902 | by Staff reporter
Trump election win plunges Ukraine war into uncertainty
Ukrainian President Volodymyr Zelenskiy heaped praise on Donald Trump on Wednesday, as apparent victory for the Republican candidate who has criticised U.S. backing for Kyiv plunged the future of its ...Published: 06 Nov 2024 at 14:51hrs | 838 | by Staff reporter
Zimbabwe's gold-backed ZiG extends rare advance against dollar
Zimbabwe's gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the dollar for a second day on the back of tighter monetary policy.The ...Published: 06 Nov 2024 at 07:04hrs | 803 | by Staff reporter
ACBF launches plan to support Zimbabwe bureaucrats
The African Capacity Building Foundation (ACBF) has launched its inaugural leadership development programme in Zimbabwe, aimed at addressing governance challenges and building the capacity of pub...Published: 06 Nov 2024 at 07:00hrs | 95 | by Staff reporter
Chimombe, Mpofu turn knives on Chivayo
Incarcerated businessmen Mike Chimombe and Moses Mpofu have raised concerns about their chances of receiving a fair trial, alleging that their case is rooted in political persecution. The duo is curre...Published: 03 Nov 2024 at 10:21hrs | 2539 | by Staff reporter
Dr Nkululeko Sibanda's assets to be forfeited
The National Prosecuting Authority of Zimbabwe (NPAZ) has filed a High Court application to seize properties worth millions of dollars from the estate of the late businessman Dr. Nkululeko Sibanda, ac...Published: 03 Nov 2024 at 10:03hrs | 3280 | by Staff reporter
UK, Ireland healthcare carers hopefuls lose thousands to scammers
POPULAR Bulawayo mental health activist and founder of a mental health organisation, Win Over Addiction and Trauma (WOTA), Witness Bongani Mguni, has reportedly gone into hiding after allegedly defrau...Published: 01 Nov 2024 at 10:06hrs | 915 | by Staff reporter
Kwekwe doctors' residence project stalls
The reconstruction of the doctor's residence at Kwekwe General Hospital remains stalled due to lack of funding, leaving hospital staff struggling for accommodation nearly four years after a devastatin...Published: 01 Nov 2024 at 06:31hrs | 66 | by Staff reporter
'Sovereignty ego maintaining Zimbabwe's ailing ZiG'
Zimbabwe is facing a profound economic crisis largely rooted in its insistence on maintaining currency sovereignty, even as the nation clings to a failing local currency, experts warn. Nkanyezi Ndlovu...Published: 30 Oct 2024 at 10:36hrs | 891 | by Staff reporter
South Africa plans to say goodbye to cash?
Despite the surging adoption of contactless payments in South Africa, more than half of the country still relies on cash as their dominant payment method, and the digital divide is slowing the migrati...Published: 29 Oct 2024 at 13:54hrs | 3054 | by Staff reporter
Zanu-PF pushes for accelerated de-dolarisation
The ruling Zanu-PF party has resolved to accelerate Zimbabwe's de-dollarisation process and strengthen the Zimbabwe Gold Currency (ZiG) as the country's sole legal tender. This decision was among key ...Published: 29 Oct 2024 at 13:50hrs | 3974 | by Staff reporter
Mnangagwa's govt in soup over unsanctioned US$500m 'loan'
A local citizen, Marvelous Khumalo, has taken the Zimbabwean government to court, demanding the repayment of over half a billion United States dollars allegedly misappropriated through unauthorized bo...Published: 29 Oct 2024 at 07:44hrs | 1114 | by Staff reporter
Zanu-PF wreaks havoc in Sadc
The ruling Zanu-PF party has come under fire for allegedly attempting to manipulate election outcomes across the Southern African region, with accusations of interference surfacing in Botswana, Namibi...Published: 26 Oct 2024 at 12:45hrs | 279 | by Staff reporter
'Projected Trump victory driving demand for dollars'
Increasing belief on the financial markets that Donald Trump will win the US presidential election next month has been strengthening the dollar, Bloomberg has reported, citing British multinational ba...Published: 25 Oct 2024 at 13:45hrs | 563 | by Staff reporter
Innovate Change: Best Online Casinos in New Zealand | Where to Play and Win Real Money
Multiple online casinos offer players the chance to win big while enjoying their favorite games from the comfort of home. However, not all online casinos are created equal. To help Kiwi players fin...Published: 24 Oct 2024 at 14:59hrs | 181 | by Staff Reporter
Zimbabwe targets 7 sectors for import substitution
In a bid to reduce reliance on imports and boost local industry, Zimbabwe has identified seven key sectors for import substitution.The country's short-term manufacturing blueprint, the Zimbabw...Published: 24 Oct 2024 at 12:51hrs | 736 | by Staff reporter
'ZiG must go'
The Zimbabwe Gold (ZiG) currency is facing mounting pressure from the business community, which is advocating for its removal due to increasing volatility, despite the Reserve Bank of Zimbabwe's (RBZ)...Published: 24 Oct 2024 at 08:02hrs | 2187 | by Staff reporter
The real story behind Britain's withdrawal from Zimbabwe's land reform: Exposing corruption and mismanagement
AS SOUTHERN Africa approaches another 'SADC Anti-Sanctions Day,' the Zimbabwean government is once again amplifying the narrative that economic sanctions, particularly from Western countries like the ...Published: 23 Oct 2024 at 20:37hrs | 854 | by Tendai Ruben Mbofana
Call for reparations: A mere excuse by failed African leaders!
As the Commonwealth Heads of Government meeting (CHOGM) kicked off this week in Samoa, the topic of reparations for slavery and colonialism has once again been thrust into the spotlight. Sever...Published: 23 Oct 2024 at 20:31hrs | 270 | by Tendai Ruben Mbofana
Mthuli Ncube's Ministry fails to provide Zimbabwe's basic economic data
Officials from Zimbabwe's Ministry of Finance faced sharp criticism on Monday during a Parliamentary Portfolio Committee on Budget and Finance meeting after arriving unprepared for the 2025 budget con...Published: 23 Oct 2024 at 15:58hrs | 255 | by Staff reporter
Flights into Zimbabwe rise 19% in 3 months
Zimbabwe's aviation sector recorded substantial growth in the second quarter of 2024, with all airports in the country reporting increased flight activity compared to the first quarter, according to s...Published: 23 Oct 2024 at 07:44hrs | 299 | by `
Catholic bishops bid to pay US$188K in ZiG hits a snag
The High Court of Zimbabwe has dismissed the application for a declaratur seeking a stay of execution regarding a US$188,000 payment order against Stella Mundi, an agricultural company owned by the Zi...Published: 22 Oct 2024 at 08:04hrs | 472 | by Staff reporter
Zimbabwe hunts for new Auditor-General
The Zimbabwean government has officially initiated the search for a new Auditor-General after the retirement of Mildred Chiri, who served in the role for nearly two decades. Rheah Kujinga has been ful...Published: 21 Oct 2024 at 07:50hrs | 493 | by Staff reporter
Swipe machines now mandatory in Zimbabwe
The Consumer Protection Commission has launched an enforcement blitz against businesses refusing to accept Point-of-Sale (POS) machine transactions, making it mandatory for all businesses to comply wi...Published: 21 Oct 2024 at 07:41hrs | 3183 | by Staff reporter
Chafuka on Zimbabwe social media will topple Mnangagwa government!
I should be forgiven if I said this man is an implant of president Mnangagwa masquerading as a revolutionary. Yet he is playing a political game that speaks the opposite to loo as many as he can get t...Published: 20 Oct 2024 at 21:12hrs | 1527 | by Nomazulu Thata
Calls for US$ salaries grow louder in Zimbabwe
The Zimbabwe Congress of Trade Unions (ZCTU) has once again called for workers to be paid in United States dollars until the government stabilizes the country's economic fundamentals, arguing that thi...Published: 19 Oct 2024 at 12:11hrs | 201 | by Staff reporter
Government's compensation plan for former white farmers sparks outrage
The government's recent announcement of compensation for 444 former white commercial farmers has ignited widespread anger among citizens. Many are questioning why the liberation struggle was fought ov...Published: 18 Oct 2024 at 20:32hrs | 379 | by Stephen Jakes
Zimbabwe paying Ian Smith regime debt used for fighting liberators
Zimbabwe has been burdened with a staggering $700 million debt incurred during the Ian Smith regime, primarily used for purchasing weapons to suppress liberation efforts, according to researcher and A...Published: 18 Oct 2024 at 10:25hrs | 910 | by Staff reporter
Zimbabwe is undermining the ZiG by overspending
Zimbabwe's new gold-backed currency is likely being undermined by the state tapping the central bank for funding and selling Treasury bills to pay for its overspending, Imara Asset Management said....Published: 18 Oct 2024 at 08:54hrs | 1264 | by Staff reporter
Zanu-PF gold baron refutes owing US$3m in gold deliveries, threatens
Zanu-PF's Insiza North Member of Parliament, Farai Taruvinga, a well-known gold magnate in Matabeleland South, is embroiled in a legal battle with gold buyer Shasha Richard Gomez over an unpaid gold d...Published: 17 Oct 2024 at 17:12hrs | 3913 | by Staff reporter
Mbare fire evidence disappears
Investigations into the cause of the devastating fire that engulfed Mbare Musika last week have reportedly stalled as vendors rushed to clean up and reclaim the affected space, NewsDay has learned. Th...Published: 17 Oct 2024 at 13:26hrs | 697 | by Staff reporter
Taxes, fees to be paid in ZiG
The Zimbabwean Treasury is set to implement new measures requiring most taxes and fees to be paid exclusively in the Zimbabwe Gold (ZiG) currency, a move aimed at increasing demand and stabilizing its...Published: 17 Oct 2024 at 09:05hrs | 2513 | by Staff reporter
Backdated pay rise for civil servants
The Government has delivered on its commitment to review upwards the salaries of civil servants, with employees starting to receive their backdated pay yesterday. This move is part of the Government's...Published: 16 Oct 2024 at 11:47hrs | 528 | by Staff reporter
ZiG struggles persist
The woes surrounding the Zimbabwe Gold (ZWG) currency show no signs of abating, as retailers continue to implement a three-tier pricing system for products, complicating consumer transactions and unde...Published: 15 Oct 2024 at 08:39hrs | 2782 | by Staff reporter
Zimbabwe govt says 'no shortages of basic commodities'
The Government has dismissed claims of shortages of basic commodities in the formal market, attributing the perceived scarcities to economic agents redirecting supplies to the informal sector. In a po...Published: 15 Oct 2024 at 08:28hrs | 166 | by Staff reporter
Zimsec transporters unpaid for 2023 gig
The Zimbabwe School Examinations Council (Zimsec) is facing allegations of failing to compensate service providers for vehicles hired to transport examination papers last year. Zimsec had contracted v...Published: 14 Oct 2024 at 08:14hrs | 134 | by Staff reporter
Zimbabwe has US billion dollars overseas, can wipe out debt within 24 hrs
The recent Bulawayo24 article tells us that Zimbabwe is cash-strapped: it has a staggering debt of US$ 31billion; both domestic and international. This statement is partly true. In paper, Zimbabwe is ...Published: 13 Oct 2024 at 19:56hrs | 25174 | by Nomazulu Thata
Councillors to get US$75 fixed monthly allowance
In a significant move aimed at addressing rampant corruption within local authorities, Local Government Minister Daniel Garwe has announced a new monthly allowance structure for councillors. Effective...Published: 13 Oct 2024 at 15:52hrs | 413 | by Staff reporter
Prophet Magaya pays homage to Mpandare
Yadah FC owner and Heart Women Soccer League sponsor Walter Magaya has expressed his heartfelt gratitude to former Warriors manager Wellington Mpandare, crediting him for playing a pivotal role in his...Published: 13 Oct 2024 at 12:42hrs | 2864 | by Staff reporter
Zanu-PF MP blames opposition for loss of livelihoods
Parliament has urged the government to conduct a comprehensive investigation into a spate of fires that have recently devastated informal trading spaces and buildings in Harare. The call for inquiry f...Published: 13 Oct 2024 at 12:33hrs | 269 | by Staff reporter
Mthuli Ncube assures Zimbabweans amid ZiG volatility concerns
Finance Minister Mthuli Ncube has reassured Zimbabweans that there is no cause for alarm regarding potential volatility of the Zimbabwe Gold (ZWG) currency, citing the country's balanced local currenc...Published: 12 Oct 2024 at 11:22hrs | 376 | by Staff reporter
Evasive Zanu-PF's crook MP sued by chief election agent
Zanu-PF legislator for Chipinge Central, Raymond Machingura, has been sued by his chief election agent after failing to reimburse over US$1,400 in cash, plus a Nissan NP300 bakkie, as payment for elec...Published: 11 Oct 2024 at 20:19hrs | 1220 | by Gideon Madzikatidze/Simbarashe in Chipinge
Mnangagwa, central bank deliver damp squibs
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has come under heavy criticism from leading economists, who say it lacked concrete solutions to arrest the nation's spiraling e...Published: 11 Oct 2024 at 18:33hrs | 1320 | by Staff reporter
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