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Mnangagwa challenges professionals
PRESIDENT Mnangagwa has challenged local professionals to continuously play a part in building the economy through good corporate governance and accountability, as he reiterated the importance of coll...Published: 56 mins ago | 23 | by Staff reporter
Mnangagwa demands accountability
All Zimbabwean professionals must play a part in building the economy through good corporate governance and accountability, President Mnangagwa said yesterday as he reiterated the importance of collab...Published: 58 mins ago | 42 | by Staff reporter
Mnangagwa's man back in charge
AFTER a bruising battle President Emmerson Mnangagwa's agenda to retain the services of Chief Justice Luke Malaba at the helm of the administration of justice, as part of his power consolidation and r...Published: 12 hrs ago | 1357 | by Staff reporter
Govt lavishes Mthuli Ncube with a US$200 000 hotel stay
GOVERNMENT allegedly splurged over US$200 000 on Finance minister Mthuli Ncube (pictured)'s accommodation after his lengthy stay at a five-star hotel in the capital before he relocated to a plush home...Published: 21 hrs ago | 5975 | by Staff reporter
Solutions to Zimbabwe debt, fiscal deficits
THE Labour and Economic Development Research Institute of Zimbabwe (Ledriz) has crafted a cocktail of measures which could be a solution to Zimbabwe's debt problems, fiscal deficits, stunted growth an...Published: 21 hrs ago | 362 | by Staff reporter
Who is causing parallel market rates to spike?
For the past 18 months, the country's economy has been on a rebound, assisted by the stronger performance in the agricultural and mining sectors, an improved balance of payments and external sector po...Published: 23 Sep 2021 at 19:35hrs | 3213 | by Dr Tim Rainhard
Chiwenga claims currency sabotaged
Zimbabwe's government admitted Wednesday that its domestic currency is facing new pressure as its value continues on a sharp slide against the United States dollar.The official exchange rate, ...Published: 23 Sep 2021 at 06:55hrs | 7058 | by Staff reporter
Heavy police presence at ZITF
POLICE in Bulawayo have increased their visibility to curb crimes that are usually associated with the Zimbabwe International Trade Fair due to an influx of visitors.Bulawayo police spokespers...Published: 23 Sep 2021 at 06:40hrs | 641 | by Staff reporter
Tobacco Sales Floor volumes rise 143%
ZIMBABWE'S biggest tobacco auction firm, Tobacco Sales Floor (TSF), says volumes rose by 143% during the third quarter ended July 31, 2021, in line with higher national output reported during the peri...Published: 23 Sep 2021 at 06:24hrs | 127 | by Staff reporter
Misa happy with issuing of community radio station licences
MISA Zimbabwe welcomes the licensing of eight more community radio stations as this will enhance access to information and exchange of ideas on issues that affect marginalised communities for the gove...Published: 21 Sep 2021 at 06:16hrs | 113 | by Misa Zimbabwe
Why are Zimbabwean companies failing to pay taxes?
A ZIMBABWE Revenue Authority (Zimra) annual report for 2020 released last week confirmed the heavy burden that the country's industries are battling to contain — outstanding taxes are mounting, and ...Published: 20 Sep 2021 at 07:13hrs | 736 | by Staff reporter
Dairbord to launch US$1,5m new plant
MILK processor, Dairibord Holdings, says it will commission a new US$1,5 million manufacturing plant in the second half of the current financial year. Zimbabwe's largest dairy processor, which...Published: 20 Sep 2021 at 07:09hrs | 432 | by Staff reporter
Simple recipe for Zanu-PF or MDC victory
A good number of those outstanding Zimbabweans who have chosen to serve their country as doctors, accountants, teachers, clergymen, lawyers, journalists, businessmen, politicians, documentary film-mak...Published: 19 Sep 2021 at 08:54hrs | 845 | by Geoffrey Nyarota
From David party to Forus: new political outfits raise eyebrows
The sprouting of political parties on the eve of a major election in Zimbabwe has become a tradition, but the period leading to 2023 might see even a bigger number of new formations if the current tre...Published: 19 Sep 2021 at 08:42hrs | 240 | by Staff reporter
Zera probe unearths fuel scam
AN investigation by the Zimbabwe Energy Regulatory Authority (ZERA) has unearthed "massive abuse" of the Zimbabwean dollar fuel facility by oil marketers that insist on US dollar payments despite acce...Published: 19 Sep 2021 at 08:12hrs | 173 | by Staff reporter
Zimbabwe loses US$1,3bn in forex leaks
ABOUT US$1,3 billion is being siphoned out of the country every year and the proceeds are benefitting countries that ironically accuse Government of corruption.This was revealed by the Zimbabw...Published: 19 Sep 2021 at 08:10hrs | 235 | by Staff reporter
Mnangagwa govt's fake mega-deals raised false hopes
IN the run-up to the 30 July 2018 elections, President Emmerson Mnangagwa repeatedly claimed that Zimbabwe had attracted investment commitments amounting to over US$16 billion since he took over power...Published: 18 Sep 2021 at 19:38hrs | 1019 | by Staff reporter
Misa Zim hails licencing of community radios
THE Media Institute of Southern Africa (Misa) Zimbabwe yesterday said the licensing of eight more community radio stations will enhance access to information and exchange of ideas on issues that affec...Published: 17 Sep 2021 at 20:19hrs | 111 | by Staff reporter
Eighth SA soldier in court for smuggling stolen vehicles to Zimbabwe
South Africa's special crime unit, the Hawks have arrested the eighth soldier involved in the smuggling of stolen vehicles into Zimbabwe via the Limpopo River. The Hawks, and other members of ...Published: 17 Sep 2021 at 19:49hrs | 259 | by Staff reporter
Row over Shiri estate
THE family of late national hero and Cabinet minister Perrance Shiri has questioned the authenticity of documents used by the Master of the High Court Eldard Mutasa to handle his vast empire.A...Published: 17 Sep 2021 at 06:29hrs | 2533 | by Staff reporter
NSSA, banks in talks over charges
THE National Social Security Authority (NSSA) says it has lined up a cocktail of incentives to improve pensioners' incomes, including removing bank charges.Nssa deputy director for social secu...Published: 17 Sep 2021 at 06:23hrs | 346 | by Staff reporter
Explosive dossier exposes Chiadzwa gems tax sleaze
A whistleblower has submitted an explosive dossier to the Zimbabwe revenue Authority (Zimra) providing insight into how diamond mining firms in the Chiadzwa diamond fields in Manicaland, evaded tax ob...Published: 17 Sep 2021 at 06:17hrs | 459 | by Staff reporter
Mthuli Ncube in US
ZIMBABWE will seek to raise $200m in a debut domestic US dollar bond sale on its stock exchange in Victoria Falls that trades exclusively in foreign currency, says finance minister Mthuli Ncube....Published: 16 Sep 2021 at 19:50hrs | 1057 | by Staff reporter
‘Zanu-PF fears diaspora vote could push it out of power'
ZIMBABWEANS in the diaspora yesterday challenged the ruling Zanu-PF party to allow them to vote in the 2023 elections, saying denying them their right exposes the ruling party's fear of losing polls....Published: 16 Sep 2021 at 06:04hrs | 1178 | by Staff reporter
VFEX moves to fund tobacco
ZIMBABWE'S bourses have moved to help the tobacco farming sector raise foreign currency for their operations, in a development seen as a solution to the industry's a long-running capital crisis....Published: 16 Sep 2021 at 06:03hrs | 224 | by Staff reporter
'No under 18 at ZITF'
ORGANISERS of the Zimbabwe International Trade Fair (ZITF) have put in place strict COVID-19 measures for this year's trade exhibition, with children under the age of 18 not allowed to attend....Published: 15 Sep 2021 at 05:52hrs | 921 | by Staff reporter
'Zimbabwe food security remains low,' says USAid
THE United States Agency for International Development (USAid) food security arm, Famine Early Warning Systems Network (Fewsnet) says household food stocks are beginning to run low as the surging cost...Published: 14 Sep 2021 at 06:13hrs | 355 | by Staff reporter
Behind Lafarge CEO's departure
LAFARGE chief executive Precious Nyika left after the company was hit with a heavy central bank fine over exchange rate violations, industry sources said.Hours before her departure, Nyika stru...Published: 13 Sep 2021 at 05:55hrs | 3447 | by Staff reporter
Arenel gets SEZs status
ONE of Bulawayo's top companies, Arenel Private Limited, has been granted a special economic zone (SEZ) status, a decision meant to add impetus to the firm's production efficiencies. A SEZ is ...Published: 13 Sep 2021 at 05:53hrs | 243 | by Staff reporter
Rising cement prices choke construction sector
Zimbabwe's construction sector is on a massive rebound, boosted by public spending on infrastructure and private development, but recent rising cement prices is becoming a major threat to the industry...Published: 13 Sep 2021 at 05:51hrs | 433 | by Staff reporter
Bloodbath in banking sector
ZIMBABWE'S banks, under siege from prolonged market turbulences and the Covid-19 scourge, fired almost 300 workers during the seven months to July, continuing a carnage sparked by the worldwide migrat...Published: 12 Sep 2021 at 08:55hrs | 791 | by Staff reporter
Govt mulls merger of six banks into three entities
A PROPOSAL to merge six financial institutions into three big ones is being considered by the Zimbabwean government, in a different consolidation process from the CBZ Holdings, ZB Financial Holdings, ...Published: 10 Sep 2021 at 18:53hrs | 2506 | by Staff reporter
Treasury loses $112 billion to dodgy crony tax exemptions
TREASURY, always in financial dire straits, lost about ZW$112 billion in potential revenue last year (approximately US$1.3 billion on the official exchange rate) through tax expenditures consisting of...Published: 10 Sep 2021 at 18:52hrs | 292 | by Staff reporter
The era of strongman politics over in Africa
THE era of damaging personality-driven politics in Africa, including Zimbabwe, may soon be coming to an end due to democratic reforms by the African Union and changing political dynamics fuelled by a ...Published: 10 Sep 2021 at 18:49hrs | 287 | by Staff reporter
Biti caution govt over IMF windfall
ZIMBABWE'S former Finance ministers Herbert Murerwa and Tendai Biti have warned the government against using the recent US$961 million worth of special drawing rights (SDRs) from the International Mon...Published: 10 Sep 2021 at 07:39hrs | 1793 | by Staff reporter
ZSE-listed firms defy SecZim
ZIMBABWE'S listed companies have ignored implementing several measures put in place by the Securities and Exchange Commission of Zimbabwe (SecZim) about six years ago to enhance disclosure levels in f...Published: 10 Sep 2021 at 07:33hrs | 137 | by Staff reporter
Munetsi opens up on EPL move collapse
WARRIORS midfielder Marshal Munetsi has revealed the reason behind his failure to make a move to England's Premier League (EPL) despite reported interest from a couple of clubs.The 25-year-old...Published: 10 Sep 2021 at 07:24hrs | 1074 | by Staff reporter
Bureaux de change start selling US dollars to public
BUREAUX de change yesterday started selling foreign currency to ordinary walk-in customers as per the resolutions of Reserve Bank of Zimbabwe monetary policy committee MPC) meeting last month to promo...Published: 10 Sep 2021 at 07:19hrs | 754 | by Staff reporter
Inside the cotton value chain
Cotton has been grown in Zimbabwe from as far back as 1940, even though production was enhanced after the establishment of the Cotton Marketing Board (CMB) in 1969. The white Gold is the second most i...Published: 09 Sep 2021 at 19:33hrs | 346 | by Victor Bhoroma
Chiefs clash at funeral
The long standing feud between Chiefs Council president Chief Fortune Charumbira and newly installed Chief Nemamwa recently escalated at a funeral when representatives from the two chieftaincies nearl...Published: 09 Sep 2021 at 18:18hrs | 3214 | by Staff reporter
Tendaiishe Chitima wins 'Best Actress' at the I WILL TELL International Film Festival
Actress Tendaiishe Chitima has won "Best Actress" at the I WILL TELL International Film Festival on Sunday, September 5th for her outstanding performance in the film Gonarezhou: The Movie. ...Published: 09 Sep 2021 at 16:53hrs | 303 | by Staff reporter
VFEX signs Dubai deal
THE Victoria Falls Stock Exchange (VFEX) has signed a Memorandum of Understanding (MoU) with the Dubai Gold and Commodities Exchange (DGCX), the region's leading derivatives exchange —to strengthen ...Published: 09 Sep 2021 at 06:14hrs | 547 | by Staff reporter
Zimbabwe foreign currency receipts jump to US$5bn
ZIMBABWE'S foreign currency receipts have risen by 32 percent to US$5,09 billion in the last eight months against US$3,85 billion received in the corresponding period last year. The bulk of th...Published: 09 Sep 2021 at 06:11hrs | 539 | by Staff reporter
Chaos at ZANU PF Kwekwe district
Zanu PF's factionalism in Kwekwe has turned ugly following the rivalry between District Coordinating Committee (DCC) Secretary for finance Ka...Published: 08 Sep 2021 at 19:26hrs | 1176 | by Tarisai Mudahondo
Cassava revenue up 70%
CASSAVA Smartech Limited's revenue for the quarter ended August 31, 2021 increased by over 70% compared to the same period the previous year driven by growth in transaction activity.In a tradi...Published: 08 Sep 2021 at 06:11hrs | 130 | by Staff reporter
Zimbabwe, China exchange notes
Reforms being undertaken by Zimbabwe are aimed at increasing national economic competitiveness, productivity, foreign direct investment inflows, technology transfers and acquaintance with Chinese busi...Published: 07 Sep 2021 at 06:07hrs | 432 | by Staff reporter
Banks wary of lending out US dollar loans
ZIMBABWE'S banks are sitting on US$1.7 billion and not willing to lend it to corporates due to the uncertainty around currency reforms which exposes them if they issue United States dollar-denominated...Published: 06 Sep 2021 at 06:50hrs | 2437 | by Staff reporter
Jobs bloodbath at CBZ Holdings
FINANCIAL services giant, CBZ Holdings Limited has sent dozens of workers home after completing an extensive review of its business model, the second such bold move within a few months.NewsDay...Published: 06 Sep 2021 at 05:31hrs | 5986 | by Staff reporter
Zimra registers 21 643 new tax payers
THE Zimbabwe Revenue Authority (Zimra) says a total of 21 643 enterprises were registered as new tax payers in the year 2020 as the Government's efforts to widen revenue collection bear fruit. ...Published: 06 Sep 2021 at 05:19hrs | 88 | by Staff reporter
Zimbabwe makes first payment to Paris Club in 20 years
ZIMBABWE says it has made its first debt repayment to a group of creditor countries known as the "Paris Club" under a refreshed plan to clear up to US$10,7 billion owed to several multilateral funders...Published: 05 Sep 2021 at 07:06hrs | 2665 | by Staff reporter
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