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US foreign policy and the Zimbabwe dollar!
In my life journey, my three years stay in Jamaica was probably the most traumatic and most revealing as to how the imperialists work.I am, therefore, surprised that Mthuli Ncube and his handl...Published: 17 hrs ago | 147 | by Kenneth Mufuka
WATCH: Mthuli Ncube's 'smart city' vision takes shape - Cowdray Park road rehab in full swing
PARTS of Cowdray Park suburb in Bulawayo that had until recently been declared no go areas by kombi and Zupco operators are now once again being graced by vehicular traffic, following the grading of r...Published: 18 hrs ago | 378 | by Staff Reporter
Zimdollar in spectacular crash
THE Zimbabwe dollar crashed by a whopping 60% against the United States dollar in May alone, underlining a raging economic crisis that has wiped salaries and sent prices soaring.Zimbabwe's eco...Published: 02 Jun 2023 at 06:48hrs | 1563 | by Staff reporter
Linda Masarira declares Mnangagwa challenge in presidential election
Outspoken feminist and politician Linda Masarira has declared her intentions to challenge President Emmerson Mnangagwa in the 2023 presidential election set for 23 August.The leader of the opp...Published: 01 Jun 2023 at 18:14hrs | 1049 | by Staff reporter
'Dump Zimdollar'
ECONOMIC analysts have said Finance minister Mthuli Ncube's new measures introduced on Monday have very little chance of saving the Zimbabwe dollar from collapse.They instead advised Ncube to ...Published: 01 Jun 2023 at 06:47hrs | 1040 | by Staff reporter
Continued increase in diaspora remittances signal rising poverty in Zimbabwe
The marked rise in diaspora remittances into Zimbabwe actually does not signal economic growth - but, as a matter of fact, increased povertyYet, it is always baffles the mind whenever the Zimb...Published: 30 May 2023 at 22:36hrs | 339 | by Tendai Ruben Mbofana
Mthuli Ncube banks on new currency measures
Finance minister Mthuli Ncube on Monday announced new measures to encourage the use of the Zimbabwe dollar as opposed to the U.S. dollar, in a bid to boost the local unit and tame rising consumer infl...Published: 30 May 2023 at 15:10hrs | 1245 | by Staff reporter
'Mthuli Ncube's shop raids a publicity stunt'
ECONOMISTS have described Finance minister Mthuli Ncube's weekend raids on retail shops to check on pricing of basic commodities as a publicity stunt after failing to tame the country's runaway inflat...Published: 30 May 2023 at 06:48hrs | 426 | by Staff reporter
Mthuli's theatrics expose government lack of seriousness in addressing Zim economic crisis!
So, finance minister Mthuli Ncube, over the weekend, went around shops in Bulawayo, like a crazed vigilante, tearing down tags displaying prices strictly in US dollars!He even berated a haples...Published: 29 May 2023 at 23:02hrs | 539 | by Tendai Ruben Mbofana
Mnangagwa govt fails to rig price hikes
The Reserve Bank of Zimbabwe (RBZ) has frozen bank accounts of four major distributors of basic commodities as President Emmerson Mnangagwa's government scrambles to find solutions to soaring prices a...Published: 28 May 2023 at 08:09hrs | 164 | by Staff reporter
Zimdollar collapse a harbinger of worse things to come
THE Zimdollar this week recorded its biggest single day drop off since its reintroduction in June 2019 of 26% to $1 888,01, against the United States dollar on the official market.On the paral...Published: 27 May 2023 at 09:16hrs | 1356 | by Staff reporter
Ball is in Mnangagwa's court
LAST week, Zimbabwe continued with its structured debt clearance dialogues with foreign creditors owed over US$14 billion, as the country makes important steps to weave its way out of the debt hole....Published: 26 May 2023 at 06:37hrs | 1083 | by Staff reporter
Zimbabwe ranked as world's most miserable country
ZIMBABWE has been adjudged the most miserable country in the world on American economist Steve Hanke's 2022 Misery Index because of the high cost of living.Hanke, a professor of Applied Econom...Published: 25 May 2023 at 06:25hrs | 409 | by Staff reporter
Zimdollar in record crash
THE Zimbabwe dollar tumbled by nearly 26% on the official market on Tuesday, the biggest collapse in one day since the auction system was introduced three years ago, while a government inquiry accused...Published: 25 May 2023 at 06:24hrs | 743 | by Staff reporter
Can Afrikaners save South Africa?
I AM not a South African, so I venture into their space with trepidation because I know how sensitive these things are. But I am an African and a keen observer of events that affect all of us who live...Published: 24 May 2023 at 06:03hrs | 342 | by Eddie Cross
Mnangagwa disappointed by some members of the business community
PRESIDENT Mnangagwa is disappointed by some members of the business community whose conduct continues to frustrate Government efforts to stabilise the economy and the current wave of price increases o...Published: 23 May 2023 at 06:36hrs | 230 | by Staff reporter
Forex speculators to face disciplinary action
THE market should expect significant restoration of stability in the pricing of basic goods in response to comprehensive Government measures while disciplinary action will be swiftly meted against bus...Published: 23 May 2023 at 06:34hrs | 417 | by Staff reporter
Tendai Biti says Zimbabwe is being run by kleptomaniac Govt
CITIZENS Coalition for Change (CCC) deputy leader Tendai Biti says Zimbabwe is being run by a kleptomaniac government and there is a desperate need for change ahead of the upcoming general elections....Published: 21 May 2023 at 08:16hrs | 1304 | by Staff reporter
Zimbabwe is poor because of IMF
THE International Monetary Fund (IMF)'s programmes have come under fire from civil society, which claims they have lasting repercussions on public service delivery, development, and poverty.Th...Published: 21 May 2023 at 08:12hrs | 195 | by Staff reporter
Zimbabwe ups tempo on debt resolution
President Mnangagwa's scheduled engagements at the African Development Bank (AfDB)'s annual meetings in Sharm el-Sheik, Egypt, this week will add impetus to Zimbabwe's arrears clearance and debt resol...Published: 21 May 2023 at 08:02hrs | 34 | by Staff reporter
'Zimbabwe debt resolution will open funding floodgates'
THE successful conclusion of discussions on Zimbabwe's arrears clearance and debt resolution will lay a firm foundation for the lifting of economic sanctions and help to unlock fresh and affordable ex...Published: 21 May 2023 at 08:02hrs | 56 | by Staff reporter
Anti-Zimbabwe economist names Zimbabwe 'Most Miserable Country' in the world
ZIMBABWE has been named the most miserable country in the world ahead of war-torn Ukraine, Syria and Sudan on renowned economist Steve Hanke's Annual Misery Index (HAMI).Hanke blamed Zimbabwe'...Published: 20 May 2023 at 19:15hrs | 167 | by Staff reporter
Anger mounts in Zimbabwe as prices rocket
ZIMBABWE'S currency further crashed this week, precipitating waves of basic commodity price hikes, which were slammed by consumer watchdogs.In a survey, the Zimbabwe Independent found that man...Published: 19 May 2023 at 20:42hrs | 452 | by Staff reporter
Zimbabwe to convert coal to fertiliser
A Zimbabwean government-owned entity, Verify Engineering, is preparing to use locally available coal to develop ammonia-based fertilisers as the country ramps up agricultural productivity."We ...Published: 14 May 2023 at 12:42hrs | 890 | by Takudzwa Changadeya
Zimbabwe central bank confident of price stability
ABOUT $40 billion, some of which could have found its way onto the black market, has been mopped up from the market in less than 10 months through gold coins and gold-backed digital tokens, in a devel...Published: 14 May 2023 at 11:32hrs | 134 | by Staff reportetr
$14 billion gold digital tokens bought so far in Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) has said a total 139 570 982 milligrammes (139,57kg) of gold-backed digital tokens valued at $14 077 billion were bought during the initial sale, which opened on Mon...Published: 13 May 2023 at 18:25hrs | 104 | by Staff reporter
Zimbabwe govt lifts import restrictions on basics
GOVERNMENT has lifted all restrictions on the importation of basic commodities to boost market supplies and granted 100 percent retention of domestic foreign currency earnings, with a further fine-tun...Published: 12 May 2023 at 06:00hrs | 385 | by Staff reporter
Biti takes dig at Mthuli Ncube
FORMER Finance minister Tendai Biti has taken a dig at current Treasury boss Mthuli Ncube over the free-falling local currency."There is rampant rejection of the local currency in the market,"...Published: 10 May 2023 at 06:02hrs | 2282 | by Staff reporter
SADC loses iconic conservationist as WhatsApp gives hunting communities 'permanent' voice in the media
The director of Zimbabwe CAMPFIRE Association, Mr Charles Jonga's death on 6 May 2023, signaled SADC's loss of an important wildlife conservation voice in the media.In an interview this week f...Published: 08 May 2023 at 15:51hrs | 765 | by Emmanuel Koro
Zimbabwe's lithium revenues poised to exceed expectations
THE growing global demand for lithium — a mineral which is critical in the manufacture of batteries that power electric vehicles, among other renewable energy products — as well as continuing mult...Published: 07 May 2023 at 07:44hrs | 284 | by Staff reporter
'Zimbabweans dump Zimdollar'
A MAJORITY of citizens have dumped the Zimbabwean dollar with 97% of transactions for basic commodities being conducted in United States dollars, a World Bank official said yesterday.World Ban...Published: 06 May 2023 at 06:35hrs | 843 | by Staff reporter
Grace Mugabe stashed over US$5 billion in Europe?
TOP economist and former opposition legislator Eddie Cross has claimed that former First Lady Grace Mugabe has over US$5 billion hidden in Europe.Speaking on a podcast, Friday Drinks, Cross sa...Published: 05 May 2023 at 06:35hrs | 5299 | by Staff reporter
Corruption tarnishing Zimbabwe's image
ON April 18, 2023, Zimbabweans from all walks of life thronged different venues across the country to celebrate Independence Day.The day is a milestone in the history of the country as it acco...Published: 03 May 2023 at 06:07hrs | 193 | by Cuthbert Mavheko
Family crisis in the West
I KNOW this is sensitive ground and most people avoid commenting on, but I think it is too important to the world and our own families and society to just brush it aside as another feature of a ...Published: 03 May 2023 at 06:07hrs | 852 | by Eddie Cross
Uproar over Mnangagwa's US$54m jet
ZIMBABWEANS have angrily reacted to reports that President Emmerson Mnangagwa has acquired a US$54 million presidential jet — a Dassault Falcon 7X , at a time the majority of the population is wallo...Published: 01 May 2023 at 08:11hrs | 2399 | by Staff reporter
Zimbabwe cost of living up by 11%
THE Zimbabwe National Statistics Agency (ZimStat) has said $33 044 could adequately sustain a consumer's basic needs last month, which at today's official exchange rate translates to just US$31,54....Published: 01 May 2023 at 08:10hrs | 499 | by Staff reporter
Businesses ditch Zimdollar
GOVERNMENT yesterday threatened to unleash the Financial Intelligence Unit (FIU) on retailers refusing payment in the local currency or limiting the number of items consumers can buy in Zimdollar, whi...Published: 28 Apr 2023 at 07:04hrs | 1237 | by Staff reporter
'Zimbabwe central bank selling gold coins at a loss'
THE Reserve Bank of Zimbabwe (RBZ) is making a huge loss by selling gold coins in local currency using the official rate as the Zimbabwean dollar continues on a free fall, a local think tank has said....Published: 27 Apr 2023 at 06:32hrs | 1070 | by Staff reporter
Zimbabwe govt to revise 2023 GDP growth upwards
FINANCE minister Mthuli Ncube yesterday said Zimbabwe's gross domestic product (GDP) growth prediction of 3,8% was understated because of improved agricultural performance.The government expec...Published: 27 Apr 2023 at 06:30hrs | 139 | by Staff reporter
Zimbabwe price spikes spook consumers
A NEW wave of price hikes, triggered by the plummeting local currency on the parallel market, has thrown many consumers off balance.As of yesterday, the local currency was trading between $1 8...Published: 26 Apr 2023 at 06:35hrs | 868 | by Staff reporter
Zimbabwe's local currency hits new low
The Zimbabwe dollar (ZWL), the local currency of Zimbabwe, has kept losing ground against the U.S. dollar.After hovering just below 1,000 to the U.S. dollar on the Reserve Bank of Zimbabwe (RB...Published: 23 Apr 2023 at 08:00hrs | 1608 | by Staff reporter
Zimbabwe's capital Harare among bottom 10 worst liveable cities
A leading research firm has ranked Harare among the bottom 10 worst liveable cities based on the Global Liveability Index, reflecting the country's socio-economic crisis which has caused dilapidation ...Published: 20 Apr 2023 at 07:44hrs | 4512 | by Staff reporter
Mthuli Ncube now offering free driving lessons
DESPITE attracting laughter for promising WiFi instead of jobs and other social amenities for votes, Finance minister Mthuli Ncube and his campaign team are now offering free driving lessons.N...Published: 16 Apr 2023 at 08:38hrs | 1911 | by Staff reporter
RBZ boss speaks on looming exit
The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says his top priorities are to leave behind a sound financial system, strong central bank, and stable prices as his two terms come to an end....Published: 16 Apr 2023 at 08:32hrs | 2565 | by Staff reporter
The Coming BRICS Summit: The ending of US worldwide domination
The Coming BRICS Summit: The ending of US worldwide dominationAn African PerspectivePart 1South Africa will host the 15th BRICS Summit from 22nd-24th August 2023, with the theme;...Published: 13 Apr 2023 at 18:50hrs | 2228 | by Ian Beddowes
'Inflation is not on paper, you feel it'
Reserve Bank of Zimbabwe governor John Mangudya says inflation is "felt" by consumers and not on paper, as official statistics are being challenged by independent experts.For years, the Zimbab...Published: 10 Apr 2023 at 07:28hrs | 467 | by Staff reporter
Mthuli Ncube spends big in Parly seat bid
FINANCE minister Mthuli Ncube is spending big in Bulawayo's Cowdray Park constituency where he will be seeking votes to become a Member of Parliament in the forthcoming elections.Ncube is loos...Published: 09 Apr 2023 at 11:32hrs | 849 | by Staff reporter
US Dollars replaces Zimbabwe's currency for second time
The greenback has replaced the Zimbabwean dollar as the most-used currency in the southern African nation for a second time, almost four years after the re-introduction of the local unit.US do...Published: 07 Apr 2023 at 10:20hrs | 1530 | by Staff reporter
Zimbabwe's manufacturing capacity to hit 70% this year?
Capacity utilisation in the manufacturing sector is forecast to reach 70 percent this year, with production continuing to increase with more investment flowing into factories, according to the latest ...Published: 07 Apr 2023 at 09:10hrs | 99 | by Staff reporter
Zimbabwe stockpiles 350kg of gold after new policy
THE Reserve Bank of Zimbabwe (RBZ) has stockpiled more than 350 kilogrammes of gold collected under a new law compelling companies mining gold, diamonds, lithium and platinum group of metals (PGMs) to...Published: 02 Apr 2023 at 11:00hrs | 196 | by Staff reporter
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