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Russian free grain due to begin landing in Africa within days
RUSSIAN shipments of donated grain are due to begin landing in Africa within days, giving fresh impetus to its bid to bolster its influence in the continent.President Vladimir Putin promised t...Published: 28 Nov 2023 at 07:53hrs | 432 | by Staff reporter
Zimbabwe poised for more mega power projects
ZESA Holdings says the energy sector is poised for a turning point following proposals by some independent power producers (IPPs) to build two thermal power stations with a combined output of 1 600 me...Published: 28 Nov 2023 at 05:16hrs | 293 | by Staff reporter
Zimbabwe is the leading exporter of Blueberries in the world
ACCORDING to a recent report, Zimbabwe is presently the foremost global exporter of blueberries, outpacing all other nations in growth.The study by EastFruit highlights a surge in blueberry fa...Published: 26 Nov 2023 at 08:58hrs | 2278 | by Staff reporter
EU blocks Zimbabwe fertiliser consignment
The European Union (EU) has halted the delivery of approximately 23,000 tonnes of fertiliser donated by Russia to Zimbabwe, as part of its broader blockade on Russian agricultural exports in response ...Published: 29 Oct 2023 at 12:27hrs | 412 | by Staff reporter
'Mnangagwa's Vision 2030 unstoppable'
Vice President Kembo Mohadi expressed that President Mnangagwa has achieved remarkable strides in promoting socio-economic development and has paved the way for the nation to swiftly reach its Vision ...Published: 23 Oct 2023 at 06:12hrs | 55 | by Staff reporter
Stanbic Bank Zimbabwe launches China export guide for local business
Stanbic Bank Zimbabwe on Friday launched an export guide for Zimbabwean exporters and business entities seeking to understand and penetrate the Chinese market.The export guide e-book, which gi...Published: 22 Oct 2023 at 14:17hrs | 126 | by Staff reporter
Zimbabwe becoming the new 'white gold' capital of the world
ZIMBABWE hopes to become the world's largest exporter of the chemical element Lithium.Lithium, or ‘white gold' as it is often known to investors, has become an incredibly valuable resource, ...Published: 16 Oct 2023 at 06:15hrs | 532 | by Staff reporter
Zimbabwe fuel most expensive in Sadc
According to the latest report by the social justice watchdog, Zimbabwe Coalition on Debt and Development (Zimcodd), fuel prices in Zimbabwe are among the highest in the Southern African Development C...Published: 12 Oct 2023 at 06:41hrs | 411 | by Staff reporter
Zimra struggling to clear long queues at Forbes Border Post
The Zimbabwe Revenue Authority (Zimra) has been struggling to address the long queues that have emerged at the Forbes Border Post in Mutare during the past week due to a road traffic accident at the e...Published: 12 Oct 2023 at 06:34hrs | 248 | by Staff reporter
Mnangagwa niece's gold smuggling: State closes case?
The state has closed its case against Henrietta Rushwaya (56) who is appearing in the Anti-Corruption Court at the High Court of Harare on charges of smuggling 6kg of gold valued at USD333 042.28...Published: 24 Sep 2023 at 12:16hrs | 933 | by Staff reporter
Zimbabwe satellite projects another record wheat harvest
Zimbabwe is set to achieve its highest-ever wheat harvest of over 415,000 tonnes this year, a remarkable 10% increase from the previous record. This projection is based on data collected using Zimbabw...Published: 24 Sep 2023 at 08:57hrs | 113 | by Staff reporter
Zimbabwe govt maintains tight monetary, fiscal measures
GOVERNMENT yesterday said it would continue with the tight fiscal and monetary policy measures that include increasing the retention on domestic foreign currency sales to 100%, among others.Ac...Published: 08 Sep 2023 at 06:31hrs | 200 | by Staff reporter
Mnangagwa's defining moment
PRESIDENT Emmerson Mnangagwa is soon expected to appoint members of his Cabinet to drive his agenda for the next five years as Zimbabwe seeks to attain an upper middle-income economy status by 2030....Published: 08 Sep 2023 at 06:31hrs | 953 | by Staff reporter
Zimbabwe targeting Zimdollar return in 5 years
Zimbabwe will continue to put in place measures to entrench the use of the domestic currency because having its own currency forms the basis for sustainable economic growth and development, President ...Published: 06 Sep 2023 at 19:09hrs | 653 | by Staff reporter
Voters reject Zanu-PF's big spenders
Zanu-PF big spenders suffered electoral defeats in urban areas with analysts saying the urban electorate could never be swayed by temporary trinkets, which did not address the issue of poverty....Published: 27 Aug 2023 at 13:14hrs | 981 | by Staff reporter
Zimbabwe to clear its foreign debt by the end of 2025
ZIMBABWEAN Finance Minister Mthuli Ncube says Harare will do all it can to clear its foreign debt by December 2025 to open fresh lines of credit that would help in revamping the floundering economy....Published: 07 Aug 2023 at 06:36hrs | 1 | by Staff reporter
'Zimbabwe to record biggest inflation decline'
Zimbabwe is expected to record the biggest fall in inflation in the southern African region next year, according to the latest report by the African Development Bank (AfDB).This is largely due...Published: 04 Aug 2023 at 06:37hrs | 8 | by Staff reporter
Major boost for Muzarabani gas project
Zimbabwe and Algeria yesterday signed a Memorandum Of Understanding (MoU) in hydrocarbons which is a shot in the arm for the country's natural gas and oil exploration activities following the confirma...Published: 02 Aug 2023 at 06:48hrs | 23 | by Staff reporter
Sorry Chamisa, development has already taken off!
No one would want to be in the situation which CCC leader Nelson Chamisa finds himself at the moment — being faced with an election for which you know your opponent has already addressed most of the...Published: 28 Jul 2023 at 06:42hrs | | by Lovemore Chikova
Putin offers 50,000 tonne free grain to Zimbabwe
Zimbabwean President Emmerson Mnangagwa said on Thursday that his country was food-secure but was grateful for an offer of free grain from Russian President Vladimir Putin at a Russia-Africa summit in...Published: 27 Jul 2023 at 20:15hrs | 6 | by Staff reporter
Chinese miner compensates Buhera North villagers
LITHIUM mine, Sabi Star Mine (Sabi) has transformed Buhera North, upgrading roads, schools' as well as employing hundreds of villagers from Mukwasi and Tagarira villages.Sabi, which is partly ...Published: 24 Jul 2023 at 10:51hrs | 8 | by Staff reporter
Truck arson attacks spark sabotage fears in South Africa
South African police said on Wednesday 21 trucks have been torched in a series of mysterious attacks that President Cyril Ramaphosa has described as acts of "economic sabotage".Unknown assaila...Published: 12 Jul 2023 at 20:34hrs | 9 | by Staff reporter
'Zimbabwe may begin power exports'
AS the power crisis eased in the past month, Ministry of Energy and Power Development permanent secretary Gloria Magombo (GM) says the country should start power exports next year. Indications of this...Published: 08 Jul 2023 at 10:02hrs | 9 | by Staff reporter
Zimbabwe industrial power users to raise $250 million for floating solar panels
Zimbabwe's industrial electricity consumers and exporters aim to raise $250 million to build the first phase of floating solar panels on the world's largest man-made lake.Members of the Intens...Published: 05 Jul 2023 at 18:11hrs | 8 | by Staff reporter
Developing countries can choose to be cheerleaders or active players amid geopolitical changes
THE shifting geopolitical trends are having a profound impact on the political, economic and social scenes across the world.These changes are presenting options for developing countries to eit...Published: 03 Jul 2023 at 07:10hrs | 5 | by Tapiwa Gomo
Why Mnangagwa blocked Mthuli Ncube's export tax
PRESIDENT Emmerson Mnangagwa recently blocked Finance minister Mthuli Ncube's 10% tax on mining exports to pay arrears on the country's debt overhang - which makes it difficult for the government to b...Published: 02 Jul 2023 at 17:27hrs | 7 | by Staff reporter
Forex rate premium falls
THE parallel market exchange rate premium has fallen below 50 percent, as policy interventions by the Government continue to drive appreciation of the Zimbabwe dollar, but pockets of resistance remain...Published: 02 Jul 2023 at 07:37hrs | 4 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 7 | by Martin Majaji
Zimbabwe universities ranked among the best in sub-Saharan Africa
Three Zimbabwean universities have been ranked among the best universities in Africa from 88 universities in 20 countries by the Times Higher Education Sub-Saharan Africa University Rankings, demonstr...Published: 29 Jun 2023 at 06:28hrs | 7 | by Staff reporter
Border traffic clears as South Africa fixes system
Transporters of commercial cargo who have been experiencing long delays at the Beitbridge Border Post following a technical glitch on the South African side, were eventually cleared yesterday after th...Published: 27 Jun 2023 at 06:37hrs | | by Staff reporter
Cargo delays as SARS system experiences technical glitches
Long distance truck drivers are delays at the Beitbridge Border Post where the South African Revenue Services (SARS) are experiencing glitches in their online customs clearance system.Slow mov...Published: 26 Jun 2023 at 19:34hrs | | by Staff reporter
'Zimdollar will never die'
ZIMNAT Asset Management says the Zimbabwe dollar, which has lost 99% of its value since it was reintroduced in 2019, will not collapse, but rather get relegated to low value transactions.At th...Published: 21 Jun 2023 at 06:24hrs | 12 | by Staff reporter
Beitbridge Border Post automation a game-changer, says Mthuli Ncube
THE automation of services and the implementation of traffic separation at the Beitbridge Border Post have ushered in a new era of efficiency at Zimbabwe's busiest port of entry. Professor Mthuli Ncub...Published: 17 Jun 2023 at 08:05hrs | 4 | by Staff reporter
Mnangagwa's govt told to introduce higher denomination banknotes
GOVERNMENT has been urged to issue banknotes with higher denominations to make it easier for people to transact.Currently, the $100 note is the highest banknote in the country, but it has been...Published: 16 Jun 2023 at 07:58hrs | 4 | by Staff reporter
Zimdollar on the verge of complete rejection
THE Zimbabwe dollar, which was reintroduced by the Reserve Bank of Zimbabwe (RBZ) in 2019, is on the verge of collapse and complete market rejection.The local unit is incessantly plummeting ag...Published: 16 Jun 2023 at 07:54hrs | 5 | by Zimbabwe Coalition on Debt and Development
Zimbabwe records highest tobacco output in 198 years
Zimbabwe has recorded the highest tobacco output in its 198 years of growing the crop.The milestone follows another agriculture success story that resulted in last year's wheat output being th...Published: 15 Jun 2023 at 06:46hrs | | by Staff reporter
ZESA pays coal suppliers in forex
ZESA Holdings is now paying coal suppliers in foreign currency, a development expected to ensure smooth supply of the commodity to the expanded Hwange thermal power station.The Coal Producers ...Published: 15 Jun 2023 at 06:41hrs | | by Staff reporter
Zimdollar rescue mission too late
THE surprise move by Zimbabwe's fiscal and monetary authorities to liberalise the foreign exchange policy after months of shillyshallying amid a fixed rate could be a case of closing the stable door a...Published: 12 Jun 2023 at 06:45hrs | 8 | by Staff reporter
'RBZ directive to trigger more power cuts'
EXPERTS have warned of more power outages after the central bank ordered non-exporters to settle their energy bills in Zimbabwean dollars in a bid to keep the under-fire local currency relevant....Published: 09 Jun 2023 at 06:33hrs | | by Staff reporter
Zimbabwe moves to surpass wheat output
Zimbabwe is optimistic that this year's winter wheat production will surpass last year's yield of 375 000 tonnes following various interventions implemented by Government and the private sector to bol...Published: 07 Jun 2023 at 06:07hrs | 7 | by Staff reporter
Zimdollar's black month
THE official auction and interbank exchange rates rose by about 100% and 150%, respectively, last month marking a significant depreciation of the Zimbabwe dollar, a new report has found.At the...Published: 05 Jun 2023 at 06:53hrs | 6 | by Staff reporter
Banks scale back Zimbabwe dollar lending
BANKS have significantly reduced lending in the local currency ever since monetary authorities hiked interest rates last year to prevent rent-seeking behaviour by individuals and corporates, Reserve B...Published: 04 Jun 2023 at 08:29hrs | 1 | by Staff reporter
Zimdollar in spectacular crash
THE Zimbabwe dollar crashed by a whopping 60% against the United States dollar in May alone, underlining a raging economic crisis that has wiped salaries and sent prices soaring.Zimbabwe's eco...Published: 02 Jun 2023 at 06:48hrs | 1 | by Staff reporter
Mangudya rules out dollarisation
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday claimed that past experiences, rather than basic economic issues, were to blame for the country's exchange rate volatility, as he ruled ...Published: 02 Jun 2023 at 06:46hrs | | by Staff reporter
'Zimbabwe has no capacity for full dollarisation'
RESERVE Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, has urged Zimbabweans to embrace the local currency saying the country has no capacity to sustain a fully dollarised economy.While th...Published: 02 Jun 2023 at 06:42hrs | | by Staff reporter
RBZ clarifies new forex surrender policy
THE Reserve Bank of Zimbabwe (RBZ) is set to meet with the Bankers Association of Zimbabwe (BAZ) and Accountant General with a view to map the way forward on the use of foreign exchange from the 25 pe...Published: 02 Jun 2023 at 06:40hrs | | by Staff reporter
Zimbabwe targets net wheat exporter status
GOVERNMENT has revised upwards the winter wheat production target of 85 000 hectares to 90 000 hectares as the country is positioning itself to be a net exporter of wheat in the region.To date...Published: 01 Jun 2023 at 06:42hrs | | by Staff reporter
Mthuli Ncube banks on new currency measures
Finance minister Mthuli Ncube on Monday announced new measures to encourage the use of the Zimbabwe dollar as opposed to the U.S. dollar, in a bid to boost the local unit and tame rising consumer infl...Published: 30 May 2023 at 15:10hrs | 5 | by Staff reporter
Mthuli Ncube announces policy measures to stabilize the economy
The Minister of Finance and Economic Development, Professor Mthuli Ncube, has announced policy measures which are meant to stabilize the local currency and stimulate the economy.The measures w...Published: 30 May 2023 at 11:50hrs | 6 | by Staff reporter
Anger mounts in Zimbabwe as prices rocket
ZIMBABWE'S currency further crashed this week, precipitating waves of basic commodity price hikes, which were slammed by consumer watchdogs.In a survey, the Zimbabwe Independent found that man...Published: 19 May 2023 at 20:42hrs | 5 | by Staff reporter
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