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Mnangagwa's two-year rule: The verdict is 'total disaster'
TWO years after winning the disputed 2018 poll, President Emmerson Mnangagwa's administration has performed dismally towards implementing political and economic reforms perceived as key to ending Zimb...Published: 14 hrs ago | 2082 | by Staff reporter
Mozambican govt begs Zimbabwe for military rescue
THE Mozambican government, battling an Islamist insurgency which has cost more than 1 000 lives, has abandoned the idea of seeking military intervention from the Southern African Development Community...Published: 14 hrs ago | 2716 | by Staff reporter
Charamba freaks out over 'racist' US sanctions
PRESIDENTIAL spokesman George Charamba has accused the US government of racism after the superpower Tuesday slapped targeted sanctions on fuel mogul Kuda Tagwirei for allegedly propping up a corrupt Z...Published: 14 hrs ago | 694 | by Staff reporter
Zanu-PF squeals over Tagwirei sanctions
GOVERNMENT yesterday reacted angrily to the decision by the United States government to slap businessman and President Emmerson Mnangagwa ally's Kudakwashe Tagwirei with sanctions, claiming the move w...Published: 14 hrs ago | 1177 | by Staff reporter
Analysis of Dual Pricing Policy (SI 185 of 2020)
The Zimbabwean government gazetted Statutory Instrument (SI) 185 of 2020 on the 24th of July 2020. The latest regulation compels sellers of various goods and services to display, quote and offer price...Published: 03 Aug 2020 at 17:05hrs | 2875 | by Victor Bhoroma
Fuel smuggling ring busted
Multiple fuel smuggling scams are being run in Zimbabwe with cheap fuel being smuggled from Mozambique, sometimes mislabelled to avoid customs duty, and sold or re-exported for hard currency while fue...Published: 03 Aug 2020 at 07:47hrs | 750 | by Staff reporter
Fresh farm seizures soiling Zimbabwe's image?
THE ongoing seizures of mainly white-owned productive farms severely dent Zimbabwe's international image and cast aspersions on the country's reputation as an investment destination, Commercial Farmer...Published: 31 Jul 2020 at 07:57hrs | 877 | by Rejoice Ngwenya, Comaliso
Go well Gudo Guru
ON Wednesday morning, the nation suffered a great and painful blow. Zimbabwe lost Honourable Perrance Shiri, the Lands, Agriculture and Rural Resettlement minister. He was also a long-serving Air Mars...Published: 31 Jul 2020 at 07:36hrs | 666 | by Monica Mutsvangwa
Zimbabwe cattle, donkeys border jumps into Botswana, shot dead
OVER 180 cattle and 109 donkeys from Mashaba in Gwanda and Beula in Kezi were shot in Botswana in the past week after they strayed into the neighbouring country. In 2006, Botswana introduced a...Published: 31 Jul 2020 at 07:30hrs | 152 | by Staff reporter
'Security forces ready to deal with demos'
President Mnangagwa yesterday warned that security forces "will be vigilant and on high alert" to deal with any attempts to destabilise the constitutionally-elected Government or create a public healt...Published: 30 Jul 2020 at 08:50hrs | 238 | by Staff reporter
Why crisis is important for any economy
This year will be etched in people's memory. Devastating effects of COVID-19 are felt around the globe. Just a handful of countries have not reported any cases so far. South Africa and Nigeria have al...Published: 27 Jul 2020 at 20:44hrs | 1229 | by Staff writer
Was the shutting down of mobile money, ZSE a necessary evil?
ON June 26, 2020 the Information ministry announced in a tweet that all mobile money transactions and the Zimbabwe Stock Exchange (ZSE) would stop transacting forthwith.The authorities halted ...Published: 26 Jul 2020 at 11:11hrs | 2667 | by Admire Maparadza Dube
NRZ expects to fail to achieve target again
THE National Railways of Zimbabwe (NRZ) will for the second consecutive year likely miss its annual freight movement target largely owing to the impact of Covid-19.NRZ public relations manager...Published: 26 Jul 2020 at 10:57hrs | 158 | by Staff reporter
Zimbabweans companies want to trade in Rand
CAPTAINS of industry in Bulawayo have pleaded with the Minister of Finance and Economic Development, Professor Mthuli Ncube, to promote the wide use of the South African rand to complement the multi-f...Published: 26 Jul 2020 at 10:57hrs | 644 | by Staff reporter
I don't enjoy recalling MPs, says Mudenda
SPEAKER of the National Assembly Jacob Mudenda (pictured) has said he does not enjoy recalling legislators, but was mandated to follow the Constitution to the letter.He made the remarks in Mut...Published: 25 Jul 2020 at 08:37hrs | 2974 | by Staff reporter
Digital trade is the next big thing in Africa
Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. Because of COVID-19, free trade for countries that have ratified the agreement did not beg...Published: 25 Jul 2020 at 07:57hrs | 295 | by Kingsley Ighobor
Nasty row erupts over farms
ZANU-PF officials in Mashonaland West province are up in arms with the Provincial Affairs minister Mary Mliswa, accusing her of single-handedly presiding over the exercise to downsize commercial farms...Published: 24 Jul 2020 at 08:19hrs | 3200 | by Staff reporter
'I'm not Benjani, but Mpenjani'
BENJANI Mwaruwari is one of the finest football exports to emerge from the local scene. And yet interestingly, Benjani is not even his original name.When he was born in the City of Bulawayo ba...Published: 24 Jul 2020 at 08:07hrs | 4847 | by Staff reporter
Tobacco auction faces collapse
TOBACCO sales at the auction floors are declining each year, with latest data showing they only constituted 5% of total delivered crop, raising concern over the future of the country's oldest marketin...Published: 23 Jul 2020 at 20:28hrs | 928 | by Staff reporter
African Development Bank set to join landmark $20 billion Mozambique LNG financing
The African Development Bank has concluded its bid to co-finance the construction of Mozambique's integrated Liquefied Natural Gas (LNG) plant by signing a senior loan of $400 million for the transfor...Published: 22 Jul 2020 at 10:23hrs | 835 | by Stephen Jakes
MDC Alliance's role in undermining national development
President Mnangagwa continues to pursue an ambitious economic reform agenda that has, within a short space of time, seen the budget deficit being tamed, economic fundamentals once again in place and a...Published: 22 Jul 2020 at 08:43hrs | 1723 | by Pupurai Togarepi
Zimdollar depreciates 4.5% to $72.14
There was a 4.51% depreciation on the local currency against the US$ to 72.1470 at the close of the Reserve Bank of Zimbabwe auction of Tuesday with US$14.85 million being allotted at a cost of $1.07 ...Published: 21 Jul 2020 at 17:35hrs | 1741 | by Staff reporter
'No freebies under Mnangagwa regime'
Mechanisation and irrigation projects initiated by Government are not for free and beneficiaries will be expected to pay back loans, with all loans being issued through banks using banking criteria of...Published: 21 Jul 2020 at 08:57hrs | 747 | by Staff reporter
Founding Partners unveil Unified COVID-19 Response to support Africa's private sector
Increased and decisive investment will be the channel for Africa's economic recovery post COVID-19, partners of the Africa Investment Forum said on Friday.They expressed confidence in the cont...Published: 20 Jul 2020 at 11:42hrs | 256 | by Stephen Jakes
Welshman Ncube, Khupe also benefitted from RBZ looting programme
SETTING THE RECORD STRAIGHT: THE 2007/8 Farm Mechanisation Programme was above board: Taxpayers not saddled with the Bill.First of all, I must express my prima-facie disappointment with my bro...Published: 20 Jul 2020 at 08:24hrs | 7384 | by Dr Gideon Gono
Why hated Zimdollar is headed in one direction
On July 9, 2020, my young liberal team and I sampled a few of our country's top economic analysts on a Zoom conference on Zimbabwe's precarious currency conundrum.Likely though it seems, one c...Published: 19 Jul 2020 at 18:53hrs | 3642 | by Rejoice Ngwenya
Key aspects sinking the Zimbabwean Dollar
The Zimbabwean economy is rapidly re-dollarizing, less than 12 months after the government banned the trading of multiple currencies through Statutory Instrument 142 of 2019 and introduced a local cur...Published: 19 Jul 2020 at 07:03hrs | 3290 | by Victor Bhoroma
Assault on property rights closes Zimbabwe for business
The government directive to suspend the Zimbabwe Stock Exchange (ZSE) operations on the 26th of June 2020 and the recent political threats to eject Old Mutual Zimbabwe, PPC and SeedCo International fr...Published: 19 Jul 2020 at 07:00hrs | 1357 | by Victor Bhoroma
Zimbabwe gears for energy surplus?
Zimbabwe will have enough power to push forward its rapid industrialisation from 2023 and is poised to become an exporter of electricity as new coal and coal gas generation capacity being planned or c...Published: 18 Jul 2020 at 08:37hrs | 554 | by Staff reporter
Radical Economic Structural Transformation-REST. (Part 8 of 10)
The youth all over the world have been acknowledged as an important human resource with the potential to contribute significantly to national development and therefore must be accorded such recognitio...Published: 17 Jul 2020 at 12:07hrs | 762 | by Vince Musewe
ZSE resumes trading
The Zimbabwe Stock Exchange (ZSE) will resume the trading of shares next week minus three fungible securities, nearly a month after the local bourse was forced to suspend trades on allegations of spec...Published: 16 Jul 2020 at 08:03hrs | 2947 | 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 | 1495 | by Eddie Cross
Zimdollar depreciates 4.37% to 68.89 to the real dollar
The local currency depreciated a further 4.37% to the dollar to 68.8879 at the fourth auction as the spread between bids narrowed significantly to just 21 from 35 last week and 65 at the first auction...Published: 14 Jul 2020 at 19:06hrs | 1517 | by Staff reporter
It is time for Mthuli Ncube to go
Finance minister of Zimbabwe, Mthuli Ncube, PhD (cantab), has become the poster child of everything that is wrong with the management of affairs in Zimbabwe. He must go. Then and only then, will Zimba...Published: 12 Jul 2020 at 10:58hrs | 5191 | by Kenneth Mufuka
Radical Economic structural Transformation (part 7 of 10)
"The test of our progress is not whether we add more to the abundance of those with much, it is whether we provide much to those with too little" Jean Jacques Rousseau.Natural resources have b...Published: 10 Jul 2020 at 15:36hrs | 276 | by Vince Musewe
Fresh wave of farm grabs sparks outrage
A FRESH wave of farm takeovers facilitated by government has intensified under the guise of trimming farm sizes, sparking fears of a renewed assault on white farmers, who feel besieged and are now rus...Published: 10 Jul 2020 at 07:20hrs | 4438 | by Staff reporter
Zimdollar continues to depreciate against the dollar
The Zimbabwe dollar depreciated 3.2% at the foreign currency auction to 65.8765 from 63.7442 last week. Today's auction marked the entry of exporters and holders of free funds who were liquidating the...Published: 07 Jul 2020 at 17:42hrs | 3064 | by Staff reporter
The Ecocash heist - A modern tale of irresponsible corporate behaviour
Sometime in 2013, I applied and became an Ecocash Agent (Agent), and immediately set shop in at least two locations within Harare CBD. The setup and running costs for me as an Agent were high, but the...Published: 03 Jul 2020 at 19:27hrs | 6769 | by Tendayi Mudhadha
Zimra dismisses strike rumour, but border traffic too slow
The Zimbabwe Revenue Authority has dismissed claims by some people that operations had come to a stand still with customs officers on a go slow.There was anxiety among importers and exporters ...Published: 03 Jul 2020 at 18:02hrs | 1229 | by Staff reporter
Radical Economic Structural Transformation (part 6 of 10)
"The sacrosanct cornerstone and golden thread upon which any successful productive economy can be built is the legal protection of private property ownership."We all know that Zimbabwe's agric...Published: 03 Jul 2020 at 10:25hrs | 1662 | by Vince Musewe
Pensioner sues over US dollar savings
AN 86-year-old pensioner is challenging the constitutionality of the statutory instrument (SI) that converted United States dollar balances to Real-Time Gross Settlement (RTGS) accounts, which resulte...Published: 03 Jul 2020 at 08:28hrs | 5323 | by Staff reporter
Matiza censured over collapsed DIDG deal
IN the wake of the controversial termination of the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal last year by cabinet, Attorney-General (AG) Prince Machaya reportedly wrote...Published: 03 Jul 2020 at 08:27hrs | 2666 | by Staff reporter
Metallon sells gold assets to Tagwirei's Landela
MZI Khumalo's Metallon has completed the sale of Shamva Mine to Kuda Tagwirei's Landela Mining Ventures, while the sale of Mazowe Mine is expected shortly.The transaction represents a change o...Published: 03 Jul 2020 at 07:58hrs | 1852 | by Staff reporter
Caribbean countries get access to Africa Medical Supplies Platform for procurement of COVID-19 supplies
Member States of the Caribbean Community (CARICOM) have been given access to the Africa Medical Supplies Platform (AMSP), a procurement system for supplies and equipment in the fight against COVID-19....Published: 03 Jul 2020 at 07:25hrs | 111 | by Agencies
RBZ invites all forex holders to use new auction systems
The Reserve Bank of Zimbabwe (RBZ)'s monetary policy committee (MPC) has implored all holders of foreign currency to sell their money through the apex bank's auction market at their preferred prices, ...Published: 01 Jul 2020 at 17:55hrs | 1691 | by Staff reporter
Zimbabwean white man raises US$100 000 for Bulawayo and Harare pensioners
Hotelier, farmer, writer, adoptive father of three, and amateur cyclist Eric de Jong is a man with stories to tell. And don't be fooled by his self-deprecation – he might not be a youth but is certa...Published: 01 Jul 2020 at 13:51hrs | 6710 | by Dutch Embassy
FAO doubts Zimbabwe's cereal import capacity
ZIMBABWE'S cereal import requirements for the 2020/21 year are estimated at about 1,1 million tonnes amid concern over the country's capacity to access offshore supplies at a time it is battling worse...Published: 30 Jun 2020 at 08:15hrs | 349 | by Staff reporter
Key concerns on the Forex auction system
The Reserve bank of Zimbabwe (RBZ) is cautiously yielding to free market demands for the complete liberalization of the foreign exchange market and scrapping of various consumption subsidies that were...Published: 30 Jun 2020 at 08:15hrs | 5040 | by Victor Bhoroma
Currency is not stabilised by stern policy: MDA tells Zanu PF
The leader of the Mthwakazi Democratic Alliance Hloniphani Ncube has warned Zanu PF government that currency is not stabilised by stern policies.This was after the government announced the sus...Published: 30 Jun 2020 at 07:59hrs | 1539 | by Stephen Jakes
'Zimbabwe's new currency system adequately funded'
Zimbabwe has sufficient foreign currency reserves to sustain the reintroduced foreign currency auction system, the state-run Sunday Mail reported, citing Central Bank Governor John Mangudya.Ma...Published: 28 Jun 2020 at 18:44hrs | 1176 | by Bloomberg
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