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Zimbabwe struggles to keep its fledgling currency 'zollars' alive
MOST CURRENCIES have snappy names, like yen, won, kip or lek. Some have unfortunate ones: dong or colón. Few have names as cumbersome as Zimbabwe's Real-Time Gross-Settlement Dollars, also known as R...Published: 10 hrs ago | 978 | by The Economist
'No immediate end to load-shedding'
ENERGY minister Fortune Chasi (FC) took his oath of office this week, promising to tackle the electricity crisis head-on. His appointment comes at a time power utility Zimbabwe Electricity Supply Auth...Published: 11 hrs ago | 706 | by Staff reporter
'Mining sector to reap from liberalised inter-bank rates'
ZIMBABWE'S economic crisis continues to deepen, with no signs of recovery in the short to medium term. This has had a devastating impact on industry, resulting in the closure of companies and massive ...Published: 11 hrs ago | 147 | by Staff reporter
Chasi guns for State-owned firms
ENERGY and Power Development minister Fortune Chasi yesterday said he will be tough on the petroleum and electricity sectors and will target State-owned companies failing to meet expected performances...Published: 23 May 2019 at 06:45hrs | 1892 | by Staff reporter
Western Union struggles to pay out customers in Zimbabwe
Western Union Co (WU.N), the world's biggest money-transfer company, is struggling to pay out customers in Zimbabwe. The foreign currency crisis in Zimbabwe has adversely affected operations at most o...Published: 22 May 2019 at 10:44hrs | 2673 | by Staff reporter
Zanu-PF rivals call for dialogue
Opposition political parties have renewed their appeal for inclusive national dialogue in the wake of the worsening economic crisis, with Nelson Chamisa's MDC party warning of calamitous demonstration...Published: 22 May 2019 at 07:01hrs | 3310 | by Staff reporter
WATCH: 'Zimbabwean' actor in Game Of Thrones
Among the actors of the massively popular TV Series Game of Thrones, is a Zimbabwean actor that not many Zimbabweans may actually know...Published: 21 May 2019 at 20:03hrs | 5214 | by Staff reporter
Fresh protests loom in Zimbabwe
Zimbabwe is now at risk of fresh protests after the cash-strapped government on Monday night unexpectedly announced that it had cancelled fuel subsidies for imports.Caught in a debilitating en...Published: 21 May 2019 at 18:10hrs | 4852 | by ANA
'Robbers' locked in at crime scene
A FORMER employee at a Bulawayo service station allegedly teamed up with a friend to rob the station.Macdonald Brewer (24) and Desire Moyo (25) appeared before Bulawayo magistrate Mr Franklin ...Published: 21 May 2019 at 06:24hrs | 2783 | by Staff reporter
Biti wants Zimbabwe to redollarise
THE crippling fuel and power shortages facing Zimbabwe are likely to get worse if government fails to deal with price distortions on the market, former Finance minister Tendai Biti has said.Sp...Published: 20 May 2019 at 16:40hrs | 2140 | by Staff reporter
MDC Midlands sets up congress sub-committees
MDC Midlands has set up nine sub-committees to ensure the smooth running of the party's fifth congress in Gweru this week.The committees were set up at the provincial executive meeting held in...Published: 20 May 2019 at 06:53hrs | 739 | by Staff reporter
ZESA hunts for new CEO
THE country's power utility, ZESA Holdings, has started hunting for a new group chief executive officer following the termination of Engineer Josh Chifamba's contract recently."Applications ar...Published: 20 May 2019 at 06:36hrs | 1081 | by Staff reporter
Chasi hits the ground running
NEWLY-appointed Energy and Power Development Minister Advocate Fortune Chasi has hit the ground running, and is already exploring a number of options including electricity trade-offs with Mozambique t...Published: 20 May 2019 at 06:25hrs | 1674 | by Staff reporter
Govt to retain 26% stake in parastatals
Government has resolved to retain just 26 percent in at least three parastatals and/or State enterprises, Finance and Economic Development Minister Mthuli Ncube has said.Such equity-holding wi...Published: 20 May 2019 at 06:24hrs | 581 | by Staff reporter
Mugabe's ally accused of grand corruption, swindle Israeli investors
A long-time ally of former president Robert Mugabe has been accused of grand corruption after he allegedly swindled Israeli investors in a lucrative gold mining venture in Midlands province.Hi...Published: 19 May 2019 at 19:39hrs | 3388 | by Staff reporter
Nothing new about the 'new dispensation'
Grace Mugabe is like a civet cat's stench. It's so strong it will burn your nostrils. And it doesn't go away in a hurry. Now, that disgraceful smell is hanging around President Emmerson Mnangagwa's se...Published: 19 May 2019 at 09:27hrs | 347 | by Tawanda Majoni
Critical sectors to be spared from power cuts
State power utility, Zesa, has ring fenced wheat farmers and key players in productive sectors such as coal miners to cushion them from power cuts to avoid crippling critical sectors of the economy....Published: 19 May 2019 at 09:03hrs | 198 | by Staff reporter
ZESA sue Minister for $414k – load shedding is collective punishment for untouchables' sins
The tragedy in Zimbabwe is that those who can least afford it have again and again been forced to subsidise the filthy rich. One prime example is Finance Minister, Mthuli Ncube's 2% tax on all electro...Published: 18 May 2019 at 20:25hrs | 3072 | by Patrick Guramatunhu
Mapeza gets his revenge
It was yet another premier league exciting feature as ZPC Kariba locked horns with F.C Platinum at Mandava stadium in Zvishavane.The defeat to Telone F.C on Sunday really rubbed F.C Platinum's...Published: 18 May 2019 at 19:05hrs | 2381 | by Daniel Itai
Zimbabwe should fully liberalize the petroleum industry
It has become apparent that the Zimbabwean government is failing to sustain its fuel subsidy in the economy due to foreign currency shortages. The rationale for such a subsidy has been to bring price ...Published: 18 May 2019 at 18:23hrs | 438 | by Victor Bhoroma
Zesa pursues Mnangagwa ally over $414,000 electricity debt
The Zimbabwe Electricity Supply Authority (ZESA), which announced rolling power cuts early this week, is owed millions of dollars by top government officials.Reduced electricity production at ...Published: 18 May 2019 at 10:20hrs | 1367 | by ZimLive
The Herald falsehoods exposed, claims Newsday
ALPHA Media Holdings (AMH) has castigated The Herald for abusing and forsaking the tenets of journalism in a desperate attempt to soil the image of NewsDay.This followed a malicious and false ...Published: 18 May 2019 at 09:59hrs | 836 | by Staff reporter
The Army is coming after you Mr. President, just like what happened to Omar al-Bashir in Sudan
The trigger for the demonstrations that brought the downfall of President Omar al-Bashir in April was the trebling of the price of bread last December. It came after a devaluation of the Sudanese poun...Published: 18 May 2019 at 08:52hrs | 2773 | by Knowledge Hakata
Desperate Zanu-PF creating conspiracy theories
The MDC places it on record that President Chamisa has not received any reports about any civil disobedience trainings.The President only receives reports from party organs and his staff. We a...Published: 18 May 2019 at 08:50hrs | 661 | by Jacob Mafume
The Army is coming after you Mr. President, just like what happened to Omar al-Bashir in Sudan
The trigger for the demonstrations that brought the downfall of President Omar al-Bashir in April was the trebling of the price of bread last December. It came after a devaluation of the Sudanese poun...Published: 18 May 2019 at 08:29hrs | 669 | by Knowledge Hakata
Mnangagwa's govt to engage RBZ on fuel, electricity shortages
GOVERNMENT remains committed to solving fuel and electricity shortages through engaging the Reserve Bank of Zimbabwe (RBZ) on long term financial mechanisms, Energy and Power Development Minister Fort...Published: 18 May 2019 at 08:08hrs | 549 | by Staff reporter
Chasi speaks on electricity, fuel
Government remains committed to solving fuel and electricity shortages through engaging the Reserve Bank of Zimbabwe (RBZ) on long-term financial mechanisms, Energy and Power Development Minister Fort...Published: 18 May 2019 at 08:02hrs | 410 | by Staff reporter
Anglo American Platinum believes in Mnangagwa's vision
MULTINATIONAL mining group, Anglo American Platinum, has pledged continued support for Zimbabwe's economic development in partnership with Government as it believes in President Mnangagwa's vision of ...Published: 17 May 2019 at 06:19hrs | 456 | by Staff reporter
Zimbabwe to stop exports of raw mineral as Mnangagwa commissions smelting plant
PRESIDENT Mnangagwa said yesterday that Government will, going forward, stop exports of raw minerals in pursuit of increased value addition and beneficiation.Addressing thousands of peop...Published: 17 May 2019 at 06:18hrs | 641 | by Staff reporter
George Charamba goes missing
Presidential Affairs Spokesperson George Charamba is a man who is missing in action at a time when the President and his Administration are facing relentless attacks from citizens who are bearing the ...Published: 16 May 2019 at 17:36hrs | 14832 | by Mandla Ndlovu
Fortune Chasi demands money from Chivayo
The new Energy and Power Development Minister Advocate Fortune Chasi has hit the ground running by instructing the management of Zimbabwe Electricity Power Authority to recover the $5 607 814,24 which...Published: 16 May 2019 at 14:26hrs | 4264 | by Mandla Ndlovu
Chasi strikes Mthuli with fuel fortune
A fuel crisis is any significant bottleneck in the supply of energy resources to an economy. it often refers to one of the energy sources used at a certain time and place, in particular those used as ...Published: 16 May 2019 at 09:25hrs | 9987 | by Dr Masimba Mavaza
Zimbabwe inflation spikes to 75%
ZIMBABWE'S annual inflation rate for the month of April shot to 75,86%, up nine percentage points on the March rate of 66,8% as the country fails to tame price increases.Last month the statist...Published: 16 May 2019 at 07:03hrs | 1683 | by Staff reporter
Mnangagwa sacks Gumbo, NOIC boss
Amid a deepening electricity and fuel crisis, President Emmerson Mnangagwa on Tuesday reshuffled Energy and Power Development Minister Jorum Gumbo and appointed Zanu-PF's rising star Fortune Chasi, fo...Published: 15 May 2019 at 08:19hrs | 3130 | by ZimLive
How Mnangagwa's government is perpetuating fuel crisis
When the fuel crisis escalated last January, President Emmerson Mnangagwa was forced to announce a 150% price increase.Amid the outrage and riots which followed, one important detail went larg...Published: 15 May 2019 at 08:11hrs | 1642 | by newZWire
'Don't load-shed Beitbridge'
The head of Zimbabwe's tax agency has called on government to spare the Beitbridge Border Post from the new power load-shedding regime which she said would hit cross border business hard and impact re...Published: 15 May 2019 at 07:41hrs | 1044 | by Staff reporter
Zimbabweans spend $1,5m on candles
THE majority of people in rural areas who have no access to electricity are spending at least $1, 5 million on candles annually, an official has said.Zonful Power Energy products' chief execut...Published: 15 May 2019 at 07:35hrs | 240 | by Staf reporter
Mnangagwa's govt gears for winter of discontent
PRESSURE continues to mount on President Emmerson Mnangagwa as the country faces the prospect of crippling power cuts and looming work stoppages by doctors and teachers over poor salaries.Powe...Published: 14 May 2019 at 11:37hrs | 1854 | by Staff reporter
Pressure mounts on Mnangagwa
PRESSURE continues to mount on President Emmerson Mnangagwa as the country faces the prospect of crippling power cuts and looming work stoppages by doctors and teachers over poor salaries.Powe...Published: 14 May 2019 at 08:13hrs | 5175 | by Staff reporter
Industry warms up to Zesa tariff increase
MANUFACTURERS say an upward electricity tariff review to allow Zesa Holdings to fund generation projects, in the face of rolling power shortages of up to 10 hours a day in some parts of the country, h...Published: 14 May 2019 at 07:28hrs | 887 | by Staff reporter
SA police launch manhunt for Zimbabwean armed robber
Police in Apel near Lebowakgomo outside Polokwane have launched a massive manhunt for a group of armed suspects, among them a Zimbabwean man, in connection with a case of robbery at guest houses in th...Published: 14 May 2019 at 07:18hrs | 942 | by Staff reporter
Gweru left with 3 months' water supply
Gweru City Council has introduced water rationing, amid indications that the city's supply dam Gwenoro is now left with only three months' water supply. The development has seen suburbs such as Mkoba ...Published: 14 May 2019 at 07:17hrs | 200 | by Staff reporter
Zesa load shedding schedule in full
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) on Sunday released a load shedding schedule for various parts of the country.According to the statement, load shedding wi...Published: 13 May 2019 at 17:04hrs | 8128 | by Staff Reporter
Zimbabwe might run out electricity by October
Energy and Power Development Minister Dr Joram Gumbo has told the nation that the country might fail to generate electricity if it does not make efforts to manage its water levels. Speaking on...Published: 13 May 2019 at 14:04hrs | 3034 | by Mandla Ndlovu
Zimbabwe to increase Mozambique power imports
ZIMBABWE will resume power imports after electricity generation plunged due to low water levels at Kariba dam.In March the Zambezi River Authority, which is jointly run by Zambia and Zimbabwe ...Published: 13 May 2019 at 08:50hrs | 318 | by Staff reporter
Outrage over Zesa 'load-shedding'
ROLLING power cuts have intensified across the country despite repeated denials by Zesa that it has re-introduced load-shedding.Zesa last week issued a statement where it distanced itself from...Published: 12 May 2019 at 23:19hrs | 2055 | by Staff reporter
Import substitution: best remedy to high import bill
Zimbabwe imported goods worth $6.85 Billion in 2018, a 38% increase from 2017. That import figure can go up by 30% if smuggled merchandise and under declared imports at the country's border posts are ...Published: 12 May 2019 at 23:15hrs | 428 | by Victor Bhoroma
Tshinga Dube speaks on military communication
Rtd Col Tshinga Dube speaks on military communication Military radio communicationToday we continue with our interview with Retired Colonel Tshinga Dube, the former Zipra chief of communicatio...Published: 12 May 2019 at 06:59hrs | 2342 | by Staff reporter
Zimbabwe's power utility Zesa introduces 10-hour load shedding
POWER utility company, Zesa has introduced a load-shedding regime that will see some suburbs across the country going for at least 10 hours without electricity due to reduced generation at its major p...Published: 12 May 2019 at 06:38hrs | 1806 | by Staff reporter
Musona arrested in SA, his car found with stolen property
South African police are holding Zimbabwean soccer player Walter Musona after his car was found loaded with goods believed to have been stolen in an armed robbery on Friday.Musona is reportedl...Published: 12 May 2019 at 06:28hrs | 1188 | by Staff reporter
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