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China to inject fresh funds into Zimbabwe economy?
China will provide fresh funding for new infrastructure projects that are expected to jerk the economy and create new jobs. Reports of prospective funding come in the wake of last week's visit by the ...Published: 19 Jan 2020 at 05:28hrs | 291 | by Staff rpeorter
Zimbabwe platinum leakages hurting national purse
WITH its economy tanking, Zimbabwe is looking to mining for salvation.But platinum ore exports may be leaking millions of dollars in potential revenue the country needs to plug an acute shorta...Published: 19 Jan 2020 at 05:27hrs | 135 | by Cliff Chiduku
Percy Gwanyanya takes philanthropic work to all corners of Zimbabwe
Harare based business man and philanthropist Percy Gwanyanya (37) has launched a scholarship program which will benefit many across the country.Gwanyanya who is the founder and Managing Direct...Published: 18 Jan 2020 at 08:27hrs | 1030 | by Tinashe Eric Muzamhindo
'Corruption fuels Zimbabwe hunger'
CORRUPTION and mismanagement of the agricultural sector are the major drivers of food shortages in Zimbabwe, where over 7,7 million people urgently require food, a top European Union (EU) diplomat has...Published: 17 Jan 2020 at 06:08hrs | 162 | by Staff rpeorter
Government controls fuelling the black market
Business at the country's parallel (black) market for foreign currency and other commodities has never been as brisk. Billions of dollars in local or foreign currency exchange hands on a daily basis i...Published: 16 Jan 2020 at 09:07hrs | 3863 | by Victor Bhoroma
Zimbabwean economy simplified
Issues concerning the economy are vital for any given country's revolutionary and evolutionary path since they are at the core of all movements. Most importantly an economic policy justifies the trans...Published: 08 Jan 2020 at 13:10hrs | 1287 | by Terence Simbi
Zimbabwe records spike in fish sales
ZIMBABWE'S fish export volumes increased by 37% to 2 318 tonnes between January and September 2019, driven by fresh water frozen fish and frozen tilapia, according to a Livestock and Meat Advisory Cou...Published: 06 Jan 2020 at 13:50hrs | 1505 | by Staff Reporter
Zimbabwe govt warned against printing money
Business leaders have warned government to desist from excessive money printing, as it is negatively affecting real growth.Inflation happens if the money supply grows faster than economic outp...Published: 29 Dec 2019 at 11:38hrs | 10667 | by Staff Reporter
Chinese tour Mnangagwa's farm
While Zimbabweans were enjoying Christmas on Wednesday, the First Family was busy at its Pricabe Farm in Sherwood on the outskirts of Kwekwe, hosting a Chinese delegation that wants to invest in the a...Published: 27 Dec 2019 at 10:32hrs | 6003 | by Staff Reporter
Energy challenges sinking Zimbabwe's economy
The 2019 survey report by the Zimbabwe National Chamber of Commerce (ZNCC) on the impact of energy challenges on business paints a grim picture of the state of production in the economy. Unrelenting p...Published: 17 Dec 2019 at 07:08hrs | 764 | by Victor Bhoroma
We are living in a prison
If ever there was need for a revolution- a real revolution - it is now.We are really living in a self-made, man-made prison.We can no longer continue like this, and it is time "w...Published: 15 Dec 2019 at 12:05hrs | 846 | by Bishop Lazarus
Mnangagwa warns bureaucrats
Bureaucrats causing unnecessary delays in implementing Government programmes should either reform or face the chop, President Emmerson Mnangagwa has said.Officially closing the 18th Zanu-PF Na...Published: 15 Dec 2019 at 12:04hrs | 378 | by Staff reporter
Play time is over, says Mnangagwa
BUREAUCRATS causing unnecessary delays in implementing Government programmes should either reform or face the chop, President Emmerson Mnangagwa has said.Officially closing the 18th Zanu-PF Na...Published: 15 Dec 2019 at 08:01hrs | 1679 | by Staff Reporter
Schweppes stops producing Mazoe Orange Crush
LEADING beverages producer, Schweppes Zimbabwe has indefinitely stopped producing its flagship drink, Mazoe Orange Crush, as the company lacks foreign currency to pay a debt to its supplier of vital i...Published: 13 Dec 2019 at 17:48hrs | 4961 | by Staff reporter
Zimbabwe faces a gloomy 2020
IN the three weeks since the 2020 national budget both the economy and Finance Minister Mthuli Ncube's recovery strategy have drifted closer to the rocks. In their stubborn refusal to heed development...Published: 13 Dec 2019 at 07:30hrs | 781 | by Anthony Hawkins
New plate, new cup for prisoners
Treger Holdings yesterday donated 20 000 plates and 20 000 cups to prisons, so every prisoner now has at least a new cup and plate for personal use. The donation came at a time when the Zimbab...Published: 13 Dec 2019 at 07:21hrs | 252 | by Staff reporter
Power cuts to intensify
Zesa Holdings warned yesterday that the country's debilitating power cuts are set to worsen due to reduced imports, dwindling local generation capacity and the current heavy rains. This comes ...Published: 11 Dec 2019 at 06:44hrs | 2384 | by Staff reporter
'Eskom still supplying Zimbabwe with off-peak power'
South African power utility Eskom is still supplying Zimbabwe with 300MW of power outside peak hours under a US$2 million a month deal with Zesa, Cabinet was told yesterday. Eskom has surplus ...Published: 11 Dec 2019 at 06:34hrs | 485 | by Staff reporter
Zimbabwe records trade surplus
ZIMBABWE recorded a trade surplus of US$83 million in October after the country exported more goods than it imported, latest trade data shows. Data from the Zimbabwe National Statistics Agency...Published: 11 Dec 2019 at 06:33hrs | 644 | by Staff reporter
Chiwenga urges army to stop illegal mining activities
Vice President Constantino Chiwenga has urged security forces to immediately take action and stop all illegal mining activities in Manicaland Province. Commissioning two Bailey bridges that we...Published: 11 Dec 2019 at 06:30hrs | 3457 | by Staff reporter
Zimbabwean tobacco hectarage drops
AT least 35 998 hectares of land have so far been put under tobacco in the 2019/20 summer cropping season, down from 42 010 hectares that had been planted during the same period last year, statistics ...Published: 10 Dec 2019 at 06:45hrs | 264 | by Staff reporter
Biti doubts Mthuli Ncube's growth figures
Tendai Biti led Parliamentary committee has described Finance minister Mthuli Ncube's projected economic growth for 3% next year as unrealistic given the acute electricity shortages and drought facing...Published: 08 Dec 2019 at 11:56hrs | 251 | by Staff reporter
Govt mulls reviewing fuel pricing formula again
Government is considering shifting from weekly fuel price reviews to monthly adjustments to stem the price volatility that is disrupting planning by businesses and negatively impacting on consumers....Published: 08 Dec 2019 at 11:43hrs | 197 | by Staff reporter
Zimbabwe needs commodities exchange markets
The recent revelations by the Zimbabwean government that the country loses over 30 tonnes of Gold (Worth around US$2 billion) to South Africa and other world markets, through smuggling every year are ...Published: 04 Dec 2019 at 10:14hrs | 794 | by Victor Bhoroma
Zimbabwe imports US$1m meat from SA
Zimbabwe last year imported meat products from South Africa worth US$1 097 743 via Beitbridge Border Post. It is understood that the majority of the imports were poultry products. The Herald a...Published: 04 Dec 2019 at 09:00hrs | 307 | by Staff reporter
Zanu-PF diaspora to launch orchard project
THE Zanu-PF Diaspora Youth League is set to launch its fruit tree orchard project during the party's Annual People's Conference to be held in Goromonzi, Mashonaland East this month.The fruit o...Published: 03 Dec 2019 at 07:17hrs | 60 | by Staff reporter
SWAPO wins Namibian election amid corruption scandal
President Hage Geingob and his ruling Namibian South West Africa People's Organisation (SWAPO) party won Wednesday's election, the country's electoral commission announced.The SWAPO party rece...Published: 01 Dec 2019 at 06:27hrs | 1546 | by Al Jazeera
Zimbabwe can rake in US$19m from cannabis
Zimbabwe can rake in US$19 million in tax revenues and create between 60 000 and 90 000 jobs over a five year period from the production of medical cannabis and industrial hemp, a new report says....Published: 01 Dec 2019 at 06:09hrs | 183 | by Staff reporter
Edgars spreads wings as Power Sales quits Zimbabwe
CLOTHING retailer, Edgars Stores Limited, has unveiled plans to expand its branch network countrywide with Kadoma and Chegutu as main targets. The Bulawayo-headquartered firm operates Edgars o...Published: 27 Nov 2019 at 06:21hrs | 1539 | by Staff reporter
Mnangagwa's govt barking up the wrong tree
NOT so long ago, we heard from Reserve Bank of Zimbabwe governor John Mangudya that there was a cartel of 10 individuals operating in Zimbabwe which controlled the southern African nation's foreign cu...Published: 26 Nov 2019 at 07:30hrs | 988 | by newsday comment
Zimbabwe's civil aviation infrastructure needs heavy rehabilitation
ZIMBABWE'S civil aviation infrastructure needs heavy rehabilitation and regular maintenance if the southern African nation is to attract international airlines and grow the tourism industry, African B...Published: 26 Nov 2019 at 07:28hrs | 182 | by Staff reporter
SB Moyo sanctions backtracking
In what seems to be a major U turn, by the Zimbabwe Minister of Foreign Affairs and International Trade, S. B. Moyo, whilst writing in the EU Observer. He seems to have finally read the script a...Published: 22 Nov 2019 at 12:53hrs | 5740 | by Thabo Makuyana
Why Mnangagwa has failed to improve the economic prospects of Zimbabwe?
It is now more than two years since President ED Mnangagwa assumed power with an ostensible mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, RG Muga...Published: 21 Nov 2019 at 21:03hrs | 589 | by Martin
Mnangagwa's govt embarks on 2nd round of ease of doing business
GOVERNMENT has embarked on the second round of Ease of Doing Business Reforms targeting 16 areas seen as critical in expediting the implementation of reforms aimed at creating a conducive environment ...Published: 21 Nov 2019 at 04:01hrs | 977 | by Staff reporter
FULL TEXT: RBZ statement on exchange rate
The Reserve Bank of Zimbabwe Monetary Policy Committee has emphasized the need for the Central bank to find ways of of funding productive sectors of the economy. The Committee which met on Mon...Published: 18 Nov 2019 at 15:37hrs | 10280 | by Mandla Ndlovu
Zimbabwe, global de-dollarisation case study - Prof Ncube
Zimbabwe is undergoing a de-dollarisation process that very few countries have successfully implemented and will need time to address the lingering effects of dollarisation, Finance and Economic Devel...Published: 18 Nov 2019 at 06:32hrs | 977 | by Staff reporter
Zimbabwe to turn Victoria Falls into regional financial centre?
VICTORIA Falls should be turned into a regional financial centre for the Southern African Development Community as its tourism facilities mean it can attract the right clientele that can push the indu...Published: 17 Nov 2019 at 05:25hrs | 503 | by Staff reporter
Gwanda gets a border post
GOVERNMENT has designated Gwanda District's Mlambapele as an official port of entry and has set up four dry ports to decongest Beitbridge and Forbes border posts. Mlambapele connects Zimbabwe ...Published: 16 Nov 2019 at 19:01hrs | 2356 | by Staff reporter
Cross now smelling the coffee, but....
IN the Bible, there is a story of the prodigal son who demanded his share of his father's estate, which the father gave him. Shortly after being given his inheritance, the son runs off and squanders t...Published: 15 Nov 2019 at 06:27hrs | 921 | by Amos Mazambani
Zimdollar and the quest for redemption
A NEW currency is in town and this week we witnessed its physical manifestation exactly four-and-a-half months after its official return. Since February, however, the near-return was almost predictabl...Published: 15 Nov 2019 at 06:18hrs | 153 | by Respect Gwenzi
The Budget 2020 - Which way Zimbabwe
In the darkness of the Zimbabwean economy with ordinary people grinding beans using their back Finance Minister Mthuli Ncube casts a very bright light at the end of the tunnel. He said the count...Published: 14 Nov 2019 at 23:50hrs | 2084 | by Dr Masimba Mavaza
Mthuli Ncube to present a pro-productivity budget today
Finance and Economic Development Minister Professor Mthuli Ncube presents the 2020 National Budget this afternoon that is expected to help create a fiscal environment that will emphasise production an...Published: 14 Nov 2019 at 05:34hrs | 852 | by Staff reporter
NRZ orders 100 freight cars from Russia
National Railways of Zimbabwe (NRZ) has awarded a contract to Russia's United Wagon Company (UWC) to supply 100 freight cars.Delivery of the 1,067mm gauge railcars is scheduled within 12 month...Published: 13 Nov 2019 at 20:04hrs | 1958 | by Staff reporter
Rhodies we know, where are Zimbos?
MONDAY, November 11, marked the 54th anniversary of the Unilateral Declaration of Independence (UDI) by then Rhodesian Prime Minister Ian Douglas Smith, a move that severed the white colony from the B...Published: 13 Nov 2019 at 06:40hrs | 752 | by Paidamoyo Muzulu
Tobacco seedling scheme for Matabeleland
DIVERSFIED agro-based concern, Mhuri Farming plans to roll out a tobacco seedling-growing scheme in Matabeleland to promote production of the crop in the region. Of late, the Tobacco Industry ...Published: 12 Nov 2019 at 07:10hrs | 81 | by Staff reporter
'Inflation is because TSP failed to factor in drought' - yeah right, sell-out whitewashing Zanu PF tomb
Zimbabwe is well and truly stuck in this hell-on-earth mess! What makes our situation so, so frustrating about it is this is a man-made mess. For the last 39 years and counting the ruling party, Zanu ...Published: 11 Nov 2019 at 09:06hrs | 2912 | by Wilbert Mukori
Let's embrace new Zimbabwean dollar notes
WE welcome the roll out of the new Zimbabwe dollar five and two dollar notes, which begin circulating today and urge the nation to embrace them as the country takes another major step in its currency ...Published: 11 Nov 2019 at 06:24hrs | 1655 | by Staff reporter
Mimosa shelves US$70m Zimbabwe refinery plant
Platinum Group of Metals (PGM) producer, Mimosa Mining Company, has shelved plans to build a US$70 million refinery plant at the Zvishavane premises for local beneficiation of the minerals after feasi...Published: 11 Nov 2019 at 06:24hrs | 802 | by Staff reporter
Currency reforms can work if Zimbabweans want them to
YESTERDAY (November 11, 2019) the Reserve Bank of Zimbabwe (RBZ) started the process of injecting new notes into the financial system to improve the level of physical cash in circulation.This ...Published: 10 Nov 2019 at 08:55hrs | 800 | by Anthony Matutu
Govt intensifies land redistribution in Mashonaland West
Government is set to intensify its efforts in subdividing farms exceeding the recommended size as well as repossess underutilised land in Mashonaland West, Provincial Affairs minister Mary Mliswa has ...Published: 10 Nov 2019 at 08:49hrs | 700 | by Staff reporter
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