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Govt shoots down ZESA's proposal to increase tariff
The government has turned down the proposal by the ZETDC, a branch of the Zesa power utility, to increase its tariff by 52%, saying it is unjustified as local generation capacity has increased....Published: 9 hrs ago | 1751 | by Staff reporter
Unpacking floating of exchange rate by Zimbabwe
The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Mangudya in his monetary policy statement liberalised the exchange rate that is, departing from the 1:1 position of the bond notes or real time gr...Published: 9 hrs ago | 780 | by Dr Mugano
People of Zimbabwe deserve a new day
ON Wednesday this week, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya presented a long-awaited monetary policy statement.This had been expected in January and was postponed several tim...Published: 10 hrs ago | 798 | by Eddie Cross
Zesa sues Metallon over $9,3m power debt
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has taken Metallon Gold Zimbabwe to court to compel the gold miner to settle a $9,3 million bill for power supplied to three of i...Published: 10 hrs ago | 123 | by Staff reporter
'US$ remains Zimbabwe's base currency for trading'
THE Zimbabwe Coalition on Debt and Development (Zimcodd) says the United States dollar will remain the base currency for trading purposes in Zimbabwe because businesses prefer trading in a stable curr...Published: 11 hrs ago | 328 | by Staff reporter
Zimbabwe Communist Party statement on Monetary Policy
The underlying position of the ZCP on any government policy declaration including this one is neither to automatically oppose nor to automatically endorse. Our task is to defend the interests of the w...Published: 21 Feb 2019 at 19:04hrs | 1208 | by ZCP
Mangudya is a thief, he has devalued people's salaries
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday announced the eagerly awaited monetary policy for 2019, in which he liberalised the trade of foreign currency and effectively declared t...Published: 21 Feb 2019 at 07:33hrs | 8776 | by Staff reporter
'Zimdollar returns'
THE Reserve Bank of Zimbabwe (RBZ) has effectively brought back the local currency after denoting the existing electronic balances, bond notes and coins in circulation as real time gross settlement (R...Published: 21 Feb 2019 at 07:13hrs | 1656 | by Staff reporter
Mangudya kills forex black market?
INDUSTRIALISTS and market watchers have hailed the monetary policy statement presented yesterday by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, saying it will kill the foreign currency p...Published: 20 Feb 2019 at 22:40hrs | 2892 | by Staff reporter
Full RBZ Monetary Policy statement.
THE Reserve Bank of Zimbabwe (RBZ) has liberalised the US dollar exchange rate against real time gross settlement balances (RTGS), bond notes and all currencies in the multi-currency basket, as i...Published: 20 Feb 2019 at 14:48hrs | 5759 | by RBZ
Zimbabwe Monetary policy highlights - RTGs now a currency
THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya released the long-awaited Monetary Policy Statement (MPS) and below are the highights.-Interbank FX market.- Being establish...Published: 20 Feb 2019 at 13:40hrs | 3716 | by Staff reporter
Zimbabwe set to modernise 6,000 schools
Primary and Secondary Education Minister Paul Mavima last week said Government would modernise 6 000 schools through adoption of Information Communication Technologies (ICTs) before year-end.H...Published: 20 Feb 2019 at 11:31hrs | 1037 | by Staff reporter
China spends $2,5 billion on Zimbabwe
China has spent $2,5 billion on Zimbabwe, which is by far the highest amount of money it has ever advanced to any African country.Speaking at the 2019 Spring Festival Gala held in Harare on Su...Published: 19 Feb 2019 at 13:47hrs | 1809 | by Staff reporter
$7bn needed for cleaner energy in Zimbabwe
A CLIMATE change specialist has said Zimbabwe needs close to $7 billion to mitigate climate change effects by 2030.This was revealed last week in Parliament by director of water and climate ch...Published: 19 Feb 2019 at 08:24hrs | 151 | by Staff reporter
Former minister's children fight over estate
Former Mashonaland West Provincial Affairs minister Nelson Samkange's children are entangled in a battle over the control of their late father's farm, which has affected Rukoba Secondary School operat...Published: 19 Feb 2019 at 08:24hrs | 1317 | by Staff reporter
Mnangagwa hails Education Amendment Bill
President Mnangagwa has commended the Education Amendment Bill that was published recently, saying it will re-introduce the concept of free education that was adopted at Independence, once it is passe...Published: 18 Feb 2019 at 07:02hrs | 287 | by Staff reporter
Mnangagwa to name Harare Minister this week
President Mnangagwa says he will appoint the Minister of State for Harare Metropolitan province this week. The Metropolitan province did not have a Minister of State since last year when Presi...Published: 18 Feb 2019 at 06:55hrs | 497 | by Staff reporter
Mnangagwa underscores free education
President Mnangagwa has commended the Education Amendment Bill that was gazetted on Friday, saying it will re-introduce the concept of free education that was adopted at independence, once it is passe...Published: 18 Feb 2019 at 06:53hrs | 231 | by Staff reporter
Zimbabwe's January inflation hits 10,75%
The month on month inflation rate in January 2019 was 10,75 percent gaining 1,72 percentage points on the December 2018 rate of 9,03 percent. This means that prices of goods and services as me...Published: 18 Feb 2019 at 06:28hrs | 143 | by Staff reporter
Pre-monitory policy statement expectations
Expectations are high as the market awaits the presentation of the first monitory policy statement (MPS) of 2019 by the Reserve Bank of Zimbabwe in the coming days. The bank knows the weight of hyperi...Published: 17 Feb 2019 at 22:58hrs | 1033 | by Victor Bhoroma
Redefining the role of government in an economy
The Zimbabwean economy has over the years been largely dominated by the government as the law maker, the regulator, business owner (competitor/supplier), consumer, financier and tax collector at the s...Published: 17 Feb 2019 at 22:55hrs | 221 | by Victor Bhoroma
Mnangagwa claims that fuel and wheat shortages already fixed
Government has made significant headway in dealing head-on with various challenges affecting the economy, and has since addressed fuel and wheat challenges, while satisfactory progress has been made i...Published: 17 Feb 2019 at 07:41hrs | 242 | by Staff reporter
Mugabe's top cop sued over $167,000 electricity debt
FORMER Police Deputy Commissioner-General, Innocent Matibiri, has been taken to court by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), which is seeking payment of $167 109 fo...Published: 16 Feb 2019 at 20:12hrs | 4355 | by Staff reporter
Batoka Gorge Hydro-Electric project comes to life, says Mthuli
A flurry of activity over the Batoka Gorge Hydro-Electric project is expected in the next few weeks amid indications that the updating of feasibility studies would be concluded at the end of the first...Published: 15 Feb 2019 at 08:33hrs | 519 | by Staff reporter
ZPC to start Harare re-powering project
The Zimbabwe Power Company (ZPC) will commence re-powering project for Harare Power Station (generator number 2) in the first quarter of this year in a development that will add 60 megawatts to the na...Published: 15 Feb 2019 at 08:31hrs | 149 | by Staff reporter
Southern Africa's problem of political elite impunity
Former South African deputy foreign affairs minister Aziz Pahad's support for the Maduro regime in Venezuela throws into sharp relief the acceptance by political elites in Southern Africa of die-hard ...Published: 15 Feb 2019 at 08:25hrs | 147 | by Tendai Biti and Mills
Rescue underway at Zimbabwe mines where over 23 trapped
The Civil Protection Unit in Mashonaland West has stepped up efforts to drain water from two flooded mines where at least 23 people reportedly died on Tuesday evening.The miners died when inte...Published: 14 Feb 2019 at 13:25hrs | 2831 | by Staff reporter
ZESA seeks 52% power tariff increase
The country's integrated power generation and distribution company, ZESA, through its subsidiary, the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), is seeking a 52% power tariff ...Published: 14 Feb 2019 at 08:09hrs | 1636 | by Staff reporter
Electricity situation under control: Zesa
Zimbabweans should not panic over the availability of electricity following resumption of rolling power blackouts in South Africa, amid indications the country now has the bulk of its power needs afte...Published: 14 Feb 2019 at 07:10hrs | 194 | by Staff reporter
Problems at Eskom won't affect Zimbabwe
THE Zimbabwe Electricity Supply Authority (Zesa) has assured its clients that the power generation challenges being experienced by its South African supplier, Eskom would not spill over into Zimbabwe ...Published: 13 Feb 2019 at 08:42hrs | 725 | by Staff reporter
Zimbabwean community that identifies with SA, Botswana
Arriving at Khalanyoni Business Centre in Plumtree, Mangwe district in Matabeleland South about 200 kilometres south of Bulawayo, one is greeted by a huge election billboard of a beaming President Emm...Published: 11 Feb 2019 at 10:05hrs | 2738 | by Staff reporter
'Mnangagwa must create favourable environment for business'
KENYAN academic Patrick Lumumba says Zimbabwe has to create a favourable political, economic and social environment conducive for investments in order to resuscitate the tanking economy.Speaki...Published: 10 Feb 2019 at 06:14hrs | 389 | by Staff reporter
More heads to roll at Zesa
SEVERAL Zesa Holdings senior managers face the axe following a damning forensic audit that has unearthed serious allegations of corruption and abuse of office.Last week, the national electrici...Published: 10 Feb 2019 at 05:55hrs | 830 | by Staff reporter
Zimbabwe requires 4200MW to ensure electricity access
THE Zimbabwe Energy Council (ZEC) says that the country requires 4200 MW to ensure that both urban and rural areas are electrified.ZEC executive director Mr Panganayi Sithole said major power ...Published: 10 Feb 2019 at 05:51hrs | 251 | by Staff reporter
Chamisa's skulduggery will not blight Mnangagwa's reform agenda
The usual opposition cynics are employing all manner of tactics to blight the impact of reforms being implemented by President Mnangagwa.However, as is the case with any skulduggery antics, th...Published: 10 Feb 2019 at 05:46hrs | 240 | by Lovemore Ranga Mataire
'No prosperity without pain'
Twenty Thirty Over the past year, there has been much talk about Vision 2030, our national growth strategy to transform Zimbabwe into a Prosperous and Empowered Upper Middle Income Society by the end ...Published: 06 Feb 2019 at 22:49hrs | 1720 | by Prof Mthuli Ncube
Zesa fires its CEO
ZESA Holdings has fired chief executive Joshua Chifamba after the board decided not to extend his second term contract following his suspension and subsequent arrest last year over damning allegations...Published: 06 Feb 2019 at 13:49hrs | 1863 | by Staff reporter
Zimbabwe economic revival: none but ourselves
"Government must create jobs for us, we want our hospitals to be top notch medical facilities, we want to eat what we want anytime, there is no bread on the shelves, all our roads should be tarred, ha...Published: 06 Feb 2019 at 10:25hrs | 938 | by Elijah Chihota
Cabinet approves parastatal reforms
CABINET yesterday approved a litany of measures meant to strengthen under-performing parastatals such as Air Zimbabwe, the Grain Marketing Board and Zesa Holdings.Addressing journalists soon a...Published: 06 Feb 2019 at 08:17hrs | 458 | by Staff reporter
Firm launches smart metering technology
A BULAWAYO-based company, Brainswork, has introduced new water conservation smart metering technology. The water saving technology enables municipalities, individual households, institutions a...Published: 04 Feb 2019 at 22:25hrs | 357 | by Staff reporter
Hwange extension project underway
The actual construction works for Zesa's US$1,4 billion Hwange Power Station (HPS) 7 and 8 extension project have started, giving hope the project will be completed within time and original budget, a ...Published: 04 Feb 2019 at 07:43hrs | 104 | by Staff reporter
Zimbabwe Economy: Time for efficiency
The flamboyant Victorian British Prime Minister, Benjamin Disraeli, once noted that; "There can be economy, only where there is efficiency".Zimbabwe's economy has been full of inefficiencies f...Published: 04 Feb 2019 at 07:30hrs | 474 | by Hon. Prof. Mthuli Ncube
Mnangagwa building Zimbabwe block by block
The fascination with negativity and self-hate is creating an artificial but widely accepted false narrative that everything in Zimbabwe is going backwards and that Zimbabwe is at its worst time....Published: 03 Feb 2019 at 11:47hrs | 697 | by Nick Mangwana
Millions worth of Zesa equipment stolen
National electricity equipment valued at $3,7 million was lost through theft and vandalism last year with some of the criminals being convicted in 20 cases and sentenced to a total 207 years, the coun...Published: 03 Feb 2019 at 11:46hrs | 141 | by Staff reporter
Redefining the role of government in an economy
The Zimbabwean economy has over the years been largely dominated by the government as the law maker, the regulator, business owner (competitor/supplier), consumer, financier and tax collector at the s...Published: 02 Feb 2019 at 13:29hrs | 208 | by Victor Bhoroma
Redefining the role of government in an economy
The Zimbabwean economy has over the years been largely dominated by the government as the law maker, the regulator, business owner (competitor/supplier), consumer, financier and tax collector at the s...Published: 01 Feb 2019 at 14:28hrs | 118 | by Victor Bhoroma
The death of Zimbabwean economic giants
The market landscape of any country is shaped by a few companies that underpin socio-economic activities of that particular nation. These companies are mirrored on the competitive advantages that the ...Published: 01 Feb 2019 at 14:16hrs | 813 | by Victor Bhoroma
Anti-corruption commission corrupt, says Mnangagwa
PRESIDENT Emmerson Mnangagwa says he will next week restructure the Zimbabwe Anti-Corruption Commission (Zacc) as part of his fight against graft, arguing it had become a haven for corruption....Published: 01 Feb 2019 at 14:08hrs | 1512 | by Staff reporter
ZETDC boosts fleet
The Zimbabwe Electricity Transmission Distribution Company (ZETDC) has acquired 29 vehicles worth nearly $1 million to improve operational efficiency and general service delivery to customers country ...Published: 31 Jan 2019 at 14:51hrs | 1415 | by Staff reporter
South African firm injects R55 billion into Lupane gas
A SOUTH African mining firm Tumagole Consortium says it is committed to investing R55 billion into the Coal-Bed Methane mining project in Lupane. Tumagole Consortium officials, who were led by...Published: 30 Jan 2019 at 23:00hrs | 3829 | by Staff reporter
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