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'Zimbabwe inflation slowing down'
THE Finance ministry claims that the country's inflation is slowing down on a monthly basis, despite the local currency currently being hammered by other currencies, chiefly the greenback.Last...Published: 2 hrs ago | 51 | by Staff reporter
'Belarus equipment to spur Zimbabwe agric'
The US$66 million agricultural equipment deal entered between Zimbabwe and Belarus last week is expected to further boost agricultural productivity, ensuring national food security and restoring Harar...Published: 2 hrs ago | 25 | by Staff reporter
Lukashenko joins Zimbabwe lithium rush
BELARUSIAN President Alexander Lukashenko this week travelled 7 982 kilometres, the distance by air from his capital Minsk to Harare, in his first sub-Saharan visit to meet President Emmerson Mnangagw...Published: 04 Feb 2023 at 20:17hrs | 1086 | by Staff reporter
'Mnangagwa too compromised to fight corruption'
BINGA North legislator Prince Dubeko Sibanda says President Emmerson Mnangagwa cannot fight corruption because he is compromised by vested interests of his family's corrupt business undertakings condu...Published: 04 Feb 2023 at 20:16hrs | 1226 | by Staff reporter
Zimbabwe records US$2bn trade deficit for 2022
THE country recorded a trade deficit of US$1,96 billion for the period between January and November 2022, which is an increase from the US$1,4 billion recorded during the same period in 2021, the late...Published: 03 Feb 2023 at 19:12hrs | 148 | by Staff reporter
Mnangagwa's govt dangles US$20m for lithium battery plant
FINANCE and Economic Development Minister Professor Mthuli Ncube says the Government is ready to put forward US$20 million to partner investors willing to invest in a lithium battery manufacturing pro...Published: 03 Feb 2023 at 06:44hrs | 835 | by Staff Reporter
Reflecting on the export ban for raw lithium
Through Statutory Instrument 213 of 2022 (Referend to as Base Minerals Export Control for unbeneficiated Lithium Bearing Ores), Zimbabwe banned the export of raw lithium from the country. The regulati...Published: 31 Jan 2023 at 09:12hrs | 1418 | by Victor Bhoroma
Zimbabwe aims for top spot in carbon steel production
ZIMBABWE is now on a sustainable economic growth path following a number of interventions and is set to become one of the top carbon steel producers in sub-Saharan Africa in the next three years on th...Published: 30 Jan 2023 at 07:10hrs | 164 | by Staff reporter
Mnangagwa to bolster Sino-Zimbabwe relations
Relations between Zimbabwe and China are set to be further deepened this year for the mutual benefit of the people of both countries, President Mnangagwa has said.China celebrates its New Year...Published: 22 Jan 2023 at 12:13hrs | 140 | by Staff reporter
Zimbabwe military gets permit to export raw lithium
EMBATTLED state arms manufacturer, the Zimbabwe Defence Industries (ZDI) has been controversially granted a special permit to export raw lithium by the government, a decision expected to inject life i...Published: 14 Jan 2023 at 16:28hrs | 1471 | by Staff reporter
4 detectives in court on charges of extortion
FOUR more members from CID Minerals Fauna and Flora Unit DHQ in Harare appeared in court yesterday on allegations of extorting US$10 000 from owners of Shengiang Investments, which buys, processes and...Published: 14 Jan 2023 at 07:34hrs | 185 | by Staff reporter
Beitbridge police bust smuggling syndicate
BEITBRIDGE border police have reportedly bust a smuggling syndicate involving officials at major government enterprises (names supplied) and some Chinese companies.According to NewsDay, the po...Published: 12 Jan 2023 at 14:46hrs | 1601 | by Staff Reporter
Revived CSC fast gaining traction
THE revived Cold Storage Company (CSC), now CSC-Boustead Beef Zimbabwe, is fast gaining traction among stakeholders amid increasing business orders, as more players in the meat value chain utilise the...Published: 12 Jan 2023 at 07:23hrs | 1301 | by Staff Reporter
Zimbabwe miners hail raw base minerals export ban
MANY in mining, including representatives of small-scale miners, have backed the Government ban on export of all ores and under-processed minerals, except where special exemptions are obtained in limi...Published: 09 Jan 2023 at 06:57hrs | 189 | by Staff reporter
Boasting about sufficient power supply now haunts Zambia's president
A video of Zambia's President Hakainde Hichilema boasting last month that his government had ended electricity blackouts, is being widely shared on WhatsApp two days after the country's power utility ...Published: 08 Jan 2023 at 09:39hrs | 976 | by Staff reporter
Chinese firm to manufacture lithium batteries in Zimbabwe
CHINESE steel manufacturer Dinson Iron and Steel Company (DISCO) says it intends to locally produce lithium-ion batteries as Zimbabwe has all the raw materials required in the production process....Published: 08 Jan 2023 at 09:30hrs | 470 | by Staff reporter
Zimbabwe bans raw lithium exports
ZIMBABWE banned exports of raw lithium has with immediate effect in efforts to value-add its minerals and support local production and employment creation.The ban was effected through Statutor...Published: 21 Dec 2022 at 20:09hrs | 255 | by Staff reporter
Analysis of the 2023 national budget
The Zimbabwean government presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The government expects to collect revenues totaling ZW$3.9 billion (18% of GDP), thus resulting...Published: 16 Dec 2022 at 00:15hrs | 810 | by Victor Bhoroma
Causes of food inflation in Zimbabwe
The World Bank recently released a report of the countries hardest hit by food inflation in the world. Zimbabwe tops that list with food inflation of 353% in the month of August 2022, beating Lebanon ...Published: 16 Dec 2022 at 00:11hrs | 1311 | by Victor Bhoroma
Tough foreign exchange regime suffocating economy
Zimbabwe's broad money supply has grown from just under ZW$364,60 billion as of September 2021 to more than ZW$1,920 trillion as of September 2022. This represents growth of over 426% over a period of...Published: 16 Dec 2022 at 00:02hrs | 411 | by Victor Bhoroma
Kupukile Mlambo appointed chief executive of the Sovereign Wealth Fund of Zimbabwe
Former Reserve Bank of Zimbabwe deputy governor Kupukile Mlambo, who holds a PhD in economics from Gothenburg University in Sweden, has been appointed chief executive of the US$100m Sovereign Wealth F...Published: 07 Dec 2022 at 19:14hrs | 1017 | by Staff reporter
Reserve Bank of Zimbabwe bullish on inflation
THE Reserve Bank of Zimbabwe (RBZ) yesterday remained bullish that month-on-month inflation will remain stable below 3% throughout next year, despite indications last week that the country will use de...Published: 06 Dec 2022 at 05:03hrs | 203 | by Staff reporter
'More Zimbabwean made products occupying shelf space'
LOCALLY produced goods have increased shelf space occupancy in shops to 80 percent this year from 55 percent last year as domestic businesses continue to ramp up output in response to supportive Gover...Published: 06 Dec 2022 at 05:00hrs | 126 | by Staff reporter
Reserve Bank of Zimbabwe keeps bank rate at 200%
THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has h...Published: 06 Dec 2022 at 04:58hrs | 155 | by Staff reporter
'Zimbabwe is ready to export medical oxygen'
Zimbabwe is well on its way to becoming one of the biggest exporters of medical oxygen in the region, President Mnangagwa said last week, referring to the increased production at the multi-million-dol...Published: 05 Dec 2022 at 05:07hrs | 334 | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1505 | by Respect Gwenzi
Zimbabwe land reallocations to benefit 260 000 people
Up to 260 000 people on the waiting list for farms are expected to benefit when the Government begins to reallocate abandoned plots, underused farms and farms that are lying idle.Those with mu...Published: 29 Nov 2022 at 05:16hrs | 369 | by Staff reporter
Mnangagwa invites African finance houses for talks
ZIMBABWE is ready to tap into available financial services provided by the Africa Export and Import Bank (Afreximbank) and the African Development Bank (AfDB) to bolster its industrial transformation ...Published: 28 Nov 2022 at 04:54hrs | 221 | by Staff reporter
Why army was deployed in oil-drilling precincts of the Zambezi Valley
FEARS of a Mozambican Cabo Delgado-style Islamic insurgency in the northern Zambezi Valley where the Zimbabwean government and an Australian Securities Exchange-listed Invictus Energy are engaged in o...Published: 27 Nov 2022 at 14:59hrs | 2727 | by Staff reporter
Zimbabwe govt fails to make payments to white farmers
Zimbabwe is proposing changing the terms of a $3.5bn compensation deal signed with white former farmers two years ago, after twice missing agreed-to payments.The revised plan was part of finan...Published: 27 Nov 2022 at 14:56hrs | 217 | by Staff reporter
Does Zimbabwe need the Commonwealth?
ZIMBABWE joined the Commonwealth in 1980 after gaining independence from Britain - in what appeared to be a major victory for the Commonwealth. Twenty-three years down the road, Zimbabwe quit the Comm...Published: 25 Nov 2022 at 05:11hrs | 313 | by Vusi Nyamazana
Norsad Capital provides CABS Zimbabwe with a Medium-term Credit facility of USD10 million
Norsad Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building Societ...Published: 21 Nov 2022 at 09:51hrs | 915 | by Agencies
Mnangagwa woos investors at AfDB organised forum
PRESIDENT Emmerson Mnangagwa has invited investors who graced the recently held Africa Development Bank (AfDB) organised event to tap into the country's agricultural, mining and manufacturing sectors ...Published: 13 Nov 2022 at 17:32hrs | 77 | by Staff reporter
Mnangagwa gives ambassadors new orders
ZIMBABWE's engagement and re-engagement drive has assumed new levels after President Mnangagwa yesterday met Zimbabwean Ambassadors accredited to foreign missions in a closed-door meeting at State Hou...Published: 13 Nov 2022 at 17:29hrs | 525 | by Staff reporter
Zimbabwe in ambitious UN Security Council bid
PRESIDENT Emmerson Mnangagwa is planning a whirlwind tour across the world as Zimbabwe launches an ambitious bid to become a non-permanent member of the United Nations Security Council (UNSC) in 2027....Published: 04 Nov 2022 at 05:36hrs | 1276 | by Staff reporter
Zimbabwe's ambassadors to sign performance-based contracts
ZIMBABWE'S ambassadors will from the beginning of next year sign performance- based contracts in line with Government's efforts to improve their role in attracting investments into the country, among ...Published: 01 Nov 2022 at 05:09hrs | 134 | by Staff reporter
'Zimbabwe is unstoppable'
ENDOWED with rich mineral resources, an indomitable spirit and hardworking people, Zimbabwe is unstoppable in its quest to achieve upper-middle-class status by 2030 under the competent rule of Zanu-PF...Published: 28 Oct 2022 at 06:21hrs | 192 | by Staff reporter
Zimbabwe on the brink of its biggest wheat harvest in history
Zimbabwe says it is on the brink of its biggest wheat harvest in history, thanks in large part to efforts to overcome food supply problems caused by the war in Ukraine. But bush fires and impending ra...Published: 27 Oct 2022 at 19:19hrs | 633 | by Staff reporter
Tobacco sales rake in US$650,3 million
ZIMBABWE has realised US$650,3 million from tobacco sales this year, up 10,3% compared to last year, statistics from the Tobacco Industry and Marketing Board (TIMB) show.Last year, the souther...Published: 27 Oct 2022 at 06:13hrs | 59 | by Staff reporter
US$44m war chest to drive Zimbabwe's oil/gas search
Oil and gas explorer Invictus Energy, says the discovery of commercially viable quantities of petroleum deposits at its Mukuyu-1 or Baobab prospects in the north of Zimbabwe would transform the countr...Published: 24 Oct 2022 at 06:06hrs | 457 | by Staff reporter
Zimbabwe can be a financial hub
MAURITIUS Finance chief operating officer Vinod K. Bussawah, who is also chairperson of Harare-based financial advisory firm Bard Santner Markets Inc, says Zimbabwe can become a regional financial hub...Published: 23 Oct 2022 at 17:21hrs | 354 | by Staff reporter
Zimbabwe economy grew 9%
ZIMBABWE'S statistical agency says the economy grew by a staggering 8.5% last year from a decline of 7.8% in the prior year, exposing a wide discrepancy between official figures and those computed by ...Published: 23 Oct 2022 at 17:18hrs | 470 | by Staff reporter
If Mnangagwa 'developing Zimbabwe with or without sanctions' doesn't it expose ZANU PF at fault not the West?
Having blamed supposed 'sanctions imposed on Zimbabwe by the West' for everything that has gone wrong, is going wrong, and can possibly go wrong in the country - today, nonetheless, the government nev...Published: 20 Oct 2022 at 18:04hrs | 285 | by Tendai Ruben Mbofana
Big energy users to import 500MW
Zesa is set to import more power to meet demand from the country's biggest energy consumers — the Intensive Energy Users Group (IEUG) — who require more than 500 megawatts (MW) to run their operat...Published: 09 Oct 2022 at 07:50hrs | 110 | by Staff reporter
Zimbabwe gold deliveries climb to 26 tonnes
Gold deliveries to Fidelity Gold Refinery in the nine months to September 2022 grew by 36 percent to 25,7 tonnes, from 18,9 tonnes in the same period a year earlier, raising the prospect that Zimbabwe...Published: 09 Oct 2022 at 07:50hrs | 256 | by Staff reporter
Zimbabwe rules out wheat imports
GOVERNMENT will not import wheat and will now scrutinise imports of the cereal for the coming year owing to a bumper winter harvest this year, a senior government official has revealed.This co...Published: 06 Oct 2022 at 06:03hrs | 324 | by Staff reporter
Zimbabwe's foreign currency receipts hit US$7,7 billion mark
ZIMBABWE's foreign currency receipts have reached US$7, 7 billion, thereby marking a significant increase if compared to the same period last year.The development indicates the existence of re...Published: 02 Oct 2022 at 09:02hrs | 108 | by Staff reporter
China to continue support Zimbabwe's development
China will continue to support Zimbabwe's economic and social development and improve its capacity for self-generated development, Chinese Ambassador to Zimbabwe Guo Shaochun said on Friday.Gu...Published: 01 Oct 2022 at 06:16hrs | 265 | by Staff reporter
'No easy road to recovery for Zimbabwe'
THE Zimbabwe National Chamber of Commerce (ZNCC) warned on Thursday that there would be no quick fix to the myriad of economic challenges afflicting the country.Zimbabwe is in the throes of an...Published: 30 Sep 2022 at 06:10hrs | 209 | by Staff reporter
Why Zanu, Zanu-PF were successful in the 1970s, 80s and 90s
I was in a meeting recently when someone who is not a member of Zanu or Zanu-PF asked the question: Why was Zanu and Zanu-PF successful in the 1970s, 1980s and 1990s and not successful after 2001? ...Published: 25 Sep 2022 at 16:48hrs | 619 | by Fay Chung
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