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Zimbabwean state capture
In my weekly political review show on the Gambakwe media platform two Sunday ago, we discussed about the planned demonstration on the 31st of July 2020. During the interview I invok...Published: 06 Aug 2020 at 22:59hrs | 4049 | by Terence. T. Simbi
'Mnangagwa curfew a reminder of Rhodesia, Gukurahundi periods'
POLITICAL parties and activists in Bulawayo say the dusk to dawn national curfew imposed by President Emmerson Mnangagwa Tuesday brought back sad memories of Gukurahundi atrocities carried out by the ...Published: 23 Jul 2020 at 20:19hrs | 371 | by Staff reporter
Conventional economics do not often apply to the Zimbabwean economy
CONVENTIONAL economics do not often apply to the Zimbabwean economy. If we take as an example the period during the government of national unity (GNU) from 2009 to 2013, the hard currency revenues to ...Published: 16 Jul 2020 at 07:49hrs | 1499 | by Eddie Cross
Interim Zisco board chair leaves in a huff
ECONOMIST Gift Mugano has resigned as Ziscosteel interim chairperson after Industry minister Sekai Nzenza reportedly censored him for making remarks that were deemed in 'conflict' with his role as a b...Published: 30 Jun 2020 at 08:16hrs | 1460 | by Staff reporter
Zimbabwe's economists query China's friendship
Some of the country's economists have raised their eyebrows with regards to China's debt cancellations in Africa which were revealed earlier on this week.China's cancellation of debt towards r...Published: 27 Jun 2020 at 10:35hrs | 1714 | by Daniel Itai, Harare, Zimbabwe
Mnangagwa's move to pay civil servants USD allowances is 'crazy'
The Zimbabwean government's move to pay its workers US dollar-denominated allowances as the southern African country struggles to stabilise its local currency has been described as "crazy" by an econo...Published: 23 Jun 2020 at 18:19hrs | 1759 | by Staff reporter
RBZ launches foreign exchange auction today
The Reserve Bank of Zimbabwe (RBZ)today replaces the interbank market with weekly foreign exchange auctions to determine the Zimbabwe dollar exchange rate with those in industry and commerce cautiousl...Published: 23 Jun 2020 at 07:47hrs | 1641 | by Staff reporter
Zimbabwe: Your prayers are going nowhere!
Under different circumstances, a call by the country's leadership for atonement, supplication and prayer brings about a sobering moment to the populace. It is my painful duty to inform you that the ca...Published: 21 Jun 2020 at 11:38hrs | 404 | by Kenneth Mufuka
Economists wary of Zimbabwe
Former Finance Minister Tendai Biti as well as two of the country's renowned economists Eddie Cross and Dr. Tapiwa Mashakada have raised concerns over the economic wellbeing of the country.The...Published: 16 Jun 2020 at 11:59hrs | 1937 | by Daniel Itai
RBZ plots ambush to rein in exchange rates
The Reserve Bank of Zimbabwe (RBZ) will henceforth use 'ambush raids' as a strategy within its array of policy interventions as the monetary authorities battle to break persistent buffeting of the dom...Published: 01 Jun 2020 at 08:31hrs | 1371 | by Staff reporter
Banks to swap RTGS for new notes: RBZ
THE Reserve Bank of Zimbabwe (RBZ) says banks will have to swap RTGS balances for new higher denomination notes, as part of the bank's strategy to keep a firm grip on money supply growth. The ...Published: 20 May 2020 at 06:50hrs | 949 | by Staff reporter
German firm prints, delivers 60 tonnes of Zimbabwe's new bank notes
Zimbabwe on Thursday received 60,000kg (60 tonnes) in freshly-printed higher denomination bond notes, which the central bank says will go into circulation at the end of the month.The RBZ annou...Published: 14 May 2020 at 13:07hrs | 16337 | by Staff reporter
Zimbabwe to get new bank notes soon
THE Reserve Bank of Zimbabwe will introduce a new set of higher denomination bank notes over the next few weeks to increase physical money supply and curb prevailing cash shortages.Authorities...Published: 10 May 2020 at 07:32hrs | 1218 | by Staff reporter
Zanu PF denying MDC elected councillors to do their mandate: Manyenyeni
Former MDC Harare Mayor Bernard Manyenyeni has revealed that Zanu PF government has for the past years been blocking the opposition elected councillors in the capital city to exercise their mandate of...Published: 26 Apr 2020 at 08:00hrs | 622 | by Stephen Jakes
Mnangagwa's allies 'grab' Ziscosteel properties amid fears of total collapse
'Vultures' are not waiting for the death of the Zimbabwe Iron and Steel Company (Ziscosteel), but are instead flying low for the kill, eyeing its mega-million assets, among them the steelworks' real e...Published: 05 Apr 2020 at 08:58hrs | 14098 | by Staff reporter
Old Mutual faces money laundering charges
THE Securities and Exchange Commission of Zimbabwe (SECZ) has launched an investigation into suspected illicit activities surrounding trading in fungible stocks linked to three listed companies — Ol...Published: 29 Mar 2020 at 07:27hrs | 837 | by Staff reporter
Zimbabwe's problems keep piling - from starvation to coronavirus
THE COVID-19 outbreak is expected to worsen Zimbabwe's problems as the southern African country grapples with a tanking economy, the worst food shortages in decades and a collapsing health system, obs...Published: 29 Mar 2020 at 07:25hrs | 161 | by Staff reporter
Mnangagwa is sucked into multi-million Zisco assets stripping
A fresh probe has revealed that the government facilitated a shady US$225 million deal meant to strip the comatose Zimbabwe Iron and Steel Company (Zisco) of its critical assets.The investigat...Published: 23 Mar 2020 at 05:41hrs | 1103 | by Everson Mushava
Indonesian investor keen on Chiyangwa's Zeco
BULAWAYO-based engineering firm, Zeco Engineering, is in talks with an Indonesian investor, Inka Limited, over a strategic deal that will see the country's sole rail wagons manufacturer resuming produ...Published: 16 Mar 2020 at 05:52hrs | 496 | by Staff reporter
Russians to build US$1,5 billion fuel pipeline in Zimbabwe
ZIMBABWE has roped in the Russian government to fund the construction of a second fuel pipeline worth US$1,5 billion, in a deal that will see three other ...Published: 21 Feb 2020 at 07:04hrs | 13655 | by Paul Ndou
Zimbabwe de-dollarisation on track, claims RBZ
Zimbabwe is making progress towards enforcing the use of the Zimbabwe dollar as the sole legal tender, after 189 million transactions valued at $459,6 billion were completed using local currency last ...Published: 18 Feb 2020 at 05:34hrs | 303 | by Staff reporter
Biti sucked in dodgy fuel deal
Mine Oil and Gas Services, which of late has been making futile attempts to build a second pipeline in Zimbabwe was a project meant to bankroll the opposition, official documents have revealed....Published: 15 Feb 2020 at 15:37hrs | 6690 | by Staff reporter
Mthuli Ncube to start publishing inflation statistics
Zimbabwe will start publishing year-on-year inflation statistics from this month, with the February 2019 to February 2020 figure expected next month. This follows the building of data on prices in the...Published: 14 Feb 2020 at 05:52hrs | 147 | by Staff reporter
MOGS fuel deal: An MDC project
NEW details are emerging regarding Mine Oil and Gas Services (MOGS), which of late has been making futile attempts to build a second pipeline in Zim...Published: 13 Feb 2020 at 21:51hrs | 2373 | by Paul Ndou
No rescue for marooned Binga families
FOUR days after the Binga flash floods, government is still battling to rescue the estimated 21 marooned and displaced families.Information minister Monica Mutsvangwa told a post-Cabinet Press bri...Published: 13 Feb 2020 at 08:07hrs | 1322 | by Eddie Cross
The challenge of change
The only really universal truth about our small blue globe spinning in space is that we all have to manage change. Some changes are inevitable — somehow the creator of life gave us a limited lifespa...Published: 13 Feb 2020 at 07:57hrs | 523 | by Eddie Cross
Mutsvangwa feud with Tagwirei exposed
The feud between Christopher Mutsvangwa, Eddie Cross with business tycoon Kuda Tagwirei is centred on the failure by the two to bring the businessman to support MOGS Oil & Gas Services' bid to tak...Published: 12 Feb 2020 at 11:59hrs | 9757 | by Staff reporter
US$17.7 million loan blocked foreigners from Feruka pipeline
The US$17.7 million loaned to government by business tycoon Kuda Tagwirei in 2018 blocked foreigners from taking over controlling stake in the Feruka pipeline.This emerged at a time when Zanu ...Published: 12 Feb 2020 at 09:45hrs | 1120 | by Paul Ndou
Mnangagwa's apocalyptic end as Zimbabwe President
BERLIN - President Emmerson Mnangagwa, is reportedly going to be viciously toppled from power in a catastrophic manner, that will include a combination of mass civil revolts and militia-like insurrect...Published: 07 Feb 2020 at 11:14hrs | 22992 | by Itai Mushekwe
Why does the oil industry attract much corruption?
I HAVE a long indirect association with the oil business. My father joined the Atlantic Oil Company in the early years of the last century and rose through the ranks, eventually becoming a senior exec...Published: 07 Feb 2020 at 06:00hrs | 663 | by Eddie Cross
Cash shortages persist
While premiums paid to access cash have dropped from the lofty levels of around 50 percent prior to the injection of additional cash in November last year, they remain high at 30 percent due to the ac...Published: 26 Jan 2020 at 06:12hrs | 165 | by Staff reporter
All that glitters is not gold
I AM not sure of the details but around the year 2000, a geological exploration team found alluvial diamonds at Marange in Zimbabwe. They cut trenches and did further exploration for a number of years...Published: 23 Jan 2020 at 06:34hrs | 1008 | by Eddie Cross
Zimbabwe economy to contract by 5.5% says UN
Zimbabwe's economy will register a negative growth of 5.5% and 2.5% in 2019 and 2020 respectively owing to foreign currency shortages, elevated public debt and uncontrolled inflation, a recent report ...Published: 20 Jan 2020 at 05:54hrs | 1613 | by FinX
'Mnangagwa is legitimate president' says MDC leader - chastise rigged election deniers, slap them with sanction
"Here we go!" I sighed! The minute I saw the name Eddie Cross as the author of the article in Zimeye. I expected nonsense from him and nonsense I got! "Mr. Mnangagwa could then claim, for the ...Published: 06 Jan 2020 at 09:20hrs | 3378 | by Patrick Guramatunhu
Mnangagwa son-in law appointed into ZimCoke board
PRESIDENT Emmerson Mnangagwa's son-in-law, Gerald Mlotshwa is one of the most powerful individuals who have been appointed to the board of Redcliff based coke making firm, ZimCoke.A lawyer by ...Published: 12 Dec 2019 at 20:11hrs | 2989 | by Staff reporter
RBZ to reject majority of debts owed to institutions
The Reserve Bank of Zimbabwe's Monetary Policy Committee plans to "reject the majority of debts" owed to institutions, a move it hopes will save the southern African nation much-needed foreign currenc...Published: 09 Dec 2019 at 15:18hrs | 3740 | by Staff reporter
RBZ urges IMF to ignore economic crisis
The Reserve Bank of Zimbabwe has asked the International Monetary Fund to overlook the country's shortcomings in achieving fiscal targets and allow a programme to help restore the economy to run its c...Published: 08 Dec 2019 at 11:57hrs | 531 | by Staff reporter
'Our fundamentals are now sound' IMF told - not so with corrupt, rigged elections, game changers
"Zimbabwe's central bank has asked the International Monetary Fund (IMF) to overlook the country's shortcomings in achieving fiscal targets and allow a program to help restore the economy to run...Published: 08 Dec 2019 at 11:20hrs | 432 | by Patrick Guramatunhu
Significant decline in cash premiums: RBZ
THE Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has said the recent injection of new bank notes and coins into the system has resulted in significant decline in cash premiums. In ...Published: 03 Dec 2019 at 07:18hrs | 2013 | by Staff rpeorter
RBZ to roll out interbank e-trading platform
Monetary authorities are looking to enhance the efficiency of the foreign exchange interbank market by introducing a new electronic trading platform.The interbank market was introduced this Fe...Published: 01 Dec 2019 at 05:49hrs | 156 | by Staff rpeorter
'Expect steady economic recovery by December 2019' - nonsense, none as long as we remain a pariah state
"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably...Published: 28 Nov 2019 at 10:52hrs | 1818 | by Patrick Guramatunhu
Come for more cash: RBZ
Banks have to continuously draw cash from the central bank to ensure uninterrupted supply to depositors, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has said.New cash and coins - ...Published: 24 Nov 2019 at 14:03hrs | 2014 | by Staff reporter
Cross now smelling the coffee, but....
IN the Bible, there is a story of the prodigal son who demanded his share of his father's estate, which the father gave him. Shortly after being given his inheritance, the son runs off and squanders t...Published: 15 Nov 2019 at 06:27hrs | 921 | by Amos Mazambani
MDC to launch online membership system
The MDC is working on a system that will allow potential member to apply via an online portal if they cannot travel to a nearby branch or office to purchase the membership card, the MDC Secretary Gene...Published: 14 Nov 2019 at 07:47hrs | 1235 | by Mandla Ndlovu
Mthuli Ncube to present a pro-productivity budget today
Finance and Economic Development Minister Professor Mthuli Ncube presents the 2020 National Budget this afternoon that is expected to help create a fiscal environment that will emphasise production an...Published: 14 Nov 2019 at 05:34hrs | 859 | by Staff reporter
'G40 using maids to poison ministers' says Mutodi
Deputy Government Spokesperson Energy Mutodi has warned ministers to be on high alert because a faction of ZANU PF called G40 was now recruiting house maids to poison them.Mutodi said the G40 ...Published: 13 Nov 2019 at 11:03hrs | 7283 | by Mandla Ndlovu
Zimbabwe banks start issuing new notes, coins
THE Reserve Bank of Zimbabwe (RBZ) will tomorrow release the new Zimbabwe dollar notes and coins into the market, with depositors set to start withdrawing limited amounts when banks open in the mornin...Published: 10 Nov 2019 at 08:30hrs | 1066 | by Staff reporter
Government should introduce higher-value denominations
THE Reserve Bank of Zimbabwe (RBZ) should consider introducing higher value denominations than the current ZW$5 in order to reduce seigniorage losses, businessdigest has learnt.This comes afte...Published: 08 Nov 2019 at 05:13hrs | 771 | by Staff reporter
'Cash injection to end bank queues'
THE move by the Reserve Bank of Zimbabwe (RBZ) to inject $1 billion new notes and coins by mid this month will ease cash shortages, economists have said. Bank queues had become a norm in Zimba...Published: 04 Nov 2019 at 05:54hrs | 942 | by Staff reporter
It's proper bank notes, not new currency
Many could have mistaken plans by the Reserve Bank of Zimbabwe (RBZ) to introduce new notes and coins next week for the introduction of a completely new currency which is not the Zimbabwe dollar....Published: 03 Nov 2019 at 06:34hrs | 691 | by Staff reporter
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