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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: 20 hrs ago | 2163 | 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: 20 hrs ago | 2880 | by Staff reporter
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
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 | 645 | 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 | 296 | by Kingsley Ighobor
'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 | 4848 | by Staff reporter
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
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
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
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
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
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
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
Mobile money transactions not to blame for economic woes
FORMER Finance minister Tendai Biti has called government's ban on trading on the Zimbabwe Stock Exchange (ZSE) and all mobile money transactions as "madness" with terrible consequences.The ba...Published: 28 Jun 2020 at 08:15hrs | 564 | by Staff reporter
Mnangagwa courts unrest
Zimbabweans celebrated in their tens of thousands when the military ousted Robert Mugabe and installed Emmerson Mnangagwa as president. Two-and-a-half years later, the party is over.Mnanga...Published: 28 Jun 2020 at 08:13hrs | 782 | by Bloomberg
Zimbabwe economy run by master criminals fleecing the poor
Ordinary Zimbabweans have suffered for years as a result of currency manipulation and corruption by the elites who have siphoned US dollars away into their overseas bank accounts. Now, a recent ruling...Published: 28 Jun 2020 at 08:11hrs | 1511 | by Thandekile Moyo
'US$1 billion to back Zimbabwe forex auction'
Local banks have $1 billion in foreign currency accounts (FCAs) while the country has healthy inflows to sustain the newly introduced forex auction system that replaced the interbank with effect from ...Published: 28 Jun 2020 at 07:11hrs | 750 | by Staff reporter
Of ugly vultures and bad wolves in good sheep's clothing
I shall begin with our own fathers and ancestors, it is both just and proper that they should have the honor of mention, for handing free to us this country, augmented by valiant valor, their blood an...Published: 27 Jun 2020 at 00:25hrs | 1549 | by Evangelist Sendekai W.T
'RBZ's forex auction system not panacea to Zimdollar volatility'
THE Confederation of Zimbabwe Industries (CZI) has cautioned that curtailing the increase in broad money supply, among a range of fiscal measures, would ensure the success of the foreign currency auct...Published: 26 Jun 2020 at 07:50hrs | 1957 | by Staff reporter
'Zimbabwe slowly but surely re-dollarising'
GOVERNMENT last week announced a 50% increment and a Covid-19 allowance of US$75 for civil servants and US$30 for pensioners. This is despite government earlier banning the multi-currency regime and m...Published: 26 Jun 2020 at 07:39hrs | 1487 | by Staff reporter
Radical Economic Structural Transformation REST (part 5 of 10)
There is no doubt that without a fundamental structural transformation of our economy from a dualistic enclave economy, whose economic activity is mainly driven by the production of primary products, ...Published: 25 Jun 2020 at 16:45hrs | 286 | by Vince Musewe
Mnangagwa launches US$51 million John Deere mechanisation facility
President Mnangagwa has launched the US$51 million John Deere Mechanisation Facility that is expected to transform the agriculture sector and ensure the industry becomes the pathway out of poverty and...Published: 25 Jun 2020 at 16:19hrs | 1477 | by Staff reporter
Mnangagwa says 'end is coming'
President Emmerson Mnangagwa warned his government will tackle "malpractices" that have undermined his government's efforts to end an economic crisis.The comments echo remarks Mnangagwa made t...Published: 24 Jun 2020 at 20:59hrs | 11443 | by Staff reporter
'Zimbabwe needs bailout or political breakthrough'
Zimbabwe cannot revive its economy without an international bailout, but any bailout is most likely to come with political and economic conditions attached to it. This comes as the economy is forecast...Published: 24 Jun 2020 at 17:44hrs | 884 | by Staff reporter
Arenel to install US$750 000 carbonated drinks plant
BULAWAYO headquartered and diversified food processor, Arenel will next month install a US$750 000 carbonated drink manufacturing plant with the investment expected to create more than 100 additional ...Published: 22 Jun 2020 at 07:55hrs | 421 | by Staff reporter
China opens up chrome market for Zimbabwe
Zimbabwean chrome miners will resume exports to China following revelations that the Asian economic giant has started opening up its chrome market which was halted due to the Covid-19 pandemic and dep...Published: 21 Jun 2020 at 17:35hrs | 930 | by Staff reporter
Zimbabwe records marginal increase in exports receipts
ZIMBABWE'S exports marginally increased by 2% to US$1,24 billion during the first four months of the year, largely driven by commodities such as gold and tobacco, official statistics reveal.Fi...Published: 21 Jun 2020 at 11:43hrs | 426 | by Staff reporter
Zimbabwe: Your prayers are going nowhere!
Under different circumstances, a call by the country's leadership for atonement, supplication and prayer brings about a sobering moment to the populace. It is my painful duty to inform you that the ca...Published: 21 Jun 2020 at 11:38hrs | 404 | by Kenneth Mufuka
Zimbabwe loses US$100m worth property to vandalism
Vandalism and theft of public infrastructure has resulted in government departments and municipalities losing property and equipment worth more tha n US$100 million every year.The vandalism af...Published: 21 Jun 2020 at 11:37hrs | 87 | by Staff reporter
'Cash-rich' gold buyer invades Zimbabwe?
Confusion is reigning supreme in the gold sector over the existence of a licenced gold buyer who is reportedly paying more than the official price set by the country's repository authority, Fidelity P...Published: 19 Jun 2020 at 08:30hrs | 11591 | by Staff reporter
Zimbabwe instability blights Common monetary Area prospects
FORMER Finance minister Tendai Biti says Zimbabwe's economic crisis, characterised by currency volatility, 785% inflation, a gargantuan debt stock estimated at US$10 billion and dwindling exports, hin...Published: 19 Jun 2020 at 08:25hrs | 803 | by Staff reporter
MDC and politics of denial psychology and deflection
WE are a pretty impressionable people. We all like to say that we are independent, free individuals who make up our own minds, but the reality is that we are heavily influenced by the company we keep....Published: 19 Jun 2020 at 08:23hrs | 1704 | by Jonathan Chando
'Zimbabwe's US dollar allowance to stimulate economic activity'
GOVERNMENT'S move to pay civil servants a United States dollar allowance may stimulate economic activity in the shortterm, but will expedite re-dollarisation, economic analysts have said.Gover...Published: 19 Jun 2020 at 08:20hrs | 1673 | by Staff reporter
Zimbabwe forex auction system ill-advised: Analysts
GOVERNMENT'S re-introduction of the forex auction system as Zimbabwe effectively re-dollarises could have disastrous consequences because the country does not have adequate sources of foreign currency...Published: 19 Jun 2020 at 08:15hrs | 1343 | by Staff reporter
Chamisa insists that ball is in Mnangagwa's court
AS ZIMBABWE'S political and economic crises continue to deepen, Nelson Chamisa says the ball is in President Emmerson Mnangagwa's court to initiate sincere and inclusive national dialogue to help reso...Published: 18 Jun 2020 at 17:47hrs | 5110 | by Staff reporter
Dollar peg prompts rift between govt, RBZ
ZIMBABWE'S fixed currency peg, adopted in March, has become the latest flashpoint between Reserve Bank of Zimbabwe (RBZ) governor John Mangudya and Finance minister Mthuli Ncube, people familiar with ...Published: 18 Jun 2020 at 08:25hrs | 1942 | by Staff reporter
Pressure mounts over Zimbabwe currency regime
PRESSURE is again building on the central bank over its currency regime, as RioZim warns it can no longer sustain operations due to payment delays and the fixed exchange rate, while the Chamber of Min...Published: 17 Jun 2020 at 06:59hrs | 1518 | by Staff reporter
Mthuli Ncube, Mangudya fight over dollar rates
ZIMBABWE'S fixed currency peg, adopted in March, has become the latest flashpoint between central bank Governor John Mangudya and Finance Minister Mthuli Ncube, people familiar with the situation said...Published: 16 Jun 2020 at 09:08hrs | 1787 | by Bloomberg
Mnangagwa pulled the plug on shady Covid-19 deals, claims Charamba
WITH the advent of the global pandemic, coronavirus (Covid-19), many civil society organisations have called for transparency in the use of various donations that the government has been receiving....Published: 14 Jun 2020 at 19:01hrs | 1976 | by Staff reporter
Zimbabwe start-up ventures into cigar project
A Zimbabwean start-up says it has set its sights on becoming one of the top cigar producers in Africa by empowering women through job creation in the communities it operates in.Mosi oa Tunya C...Published: 14 Jun 2020 at 10:10hrs | 353 | by Staff reporter
Zimbabwe forex woes set to deepen, researchers warn
Zimbabwe's foreign currency shortages are set to worsen due to the effects of the Covid-19 pandemic that has reduced exports and slowed down remittances, a leading research firm has warned.IH ...Published: 14 Jun 2020 at 10:10hrs | 518 | by Staff reporter
Zimbabwe foreign currency account holders panic
Foreign Currency Account holders with Zimbabwean banks - among them units of Standard Bank, Standard Chartered and Nedbank - have expressed apprehension about what they fear could be a run on their fu...Published: 12 Jun 2020 at 20:55hrs | 8837 | by Staff reporter
Ramaphosa minister's comments agitate Harare
THE government is seething with anger after regional powerhouse, South Africa, commented on Zimbabwe's long-running political and economic crises earlier this week.This comes after Pretoria's ...Published: 12 Jun 2020 at 18:26hrs | 1492 | by Staff reporter
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