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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: 20 hrs ago | 7068 | 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 | 929 | 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 | 455 | 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 | 2174 | 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 | 909 | 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 | 148 | 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 | 2027 | 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 | 832 | 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 | 1920 | 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 | 738 | 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 | 74 | 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 | 2838 | 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 | 1630 | 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$70 million refinery plant at the Zvishavane premises for local beneficiation of the minerals after feasi...Published: 11 Nov 2019 at 06:24hrs | 778 | by Staff reporter
Currency reforms can work if Zimbabweans want them to
YESTERDAY (November 11, 2019) the Reserve Bank of Zimbabwe (RBZ) started the process of injecting new notes into the financial system to improve the level of physical cash in circulation.This ...Published: 10 Nov 2019 at 08:55hrs | 782 | by Anthony Matutu
Govt intensifies land redistribution in Mashonaland West
Government is set to intensify its efforts in subdividing farms exceeding the recommended size as well as repossess underutilised land in Mashonaland West, Provincial Affairs minister Mary Mliswa has ...Published: 10 Nov 2019 at 08:49hrs | 684 | by Staff reporter
China tells Zimbabwe President to resign or retire
This article was first published on Spotlight Zimbabwe. PARIS/CAPE TOWN - President Emmerson Mnangagwa, has all...Published: 08 Nov 2019 at 07:41hrs | 62460 | by Itai Mushekwe/Mary-Kate Kahari
Mnangagwa envisions 7% economic growth
PRESIDENT Emmerson Mnangagwa, presently presiding over an imploding economy, is anticipating an ambitious average national economic growth rate of 7% per annum during his tenure."We shall acce...Published: 08 Nov 2019 at 06:00hrs | 566 | by Staff reporter
Sanctions on Zimbabwe - Not as simple as many think
IF one wishes to understand the issue of Western sanctions on Zimbabwe, they first have to stop thinking in binary terms by assuming that the restrictive measures affect only a few people, or that the...Published: 08 Nov 2019 at 05:16hrs | 911 | by Zechariah Mushawatu
Mthuli Ncube's austerity measures relaxed
Austerity measures under the Transitional Stabilisation Programme (TSP) are now being relaxed as they have largely achieved their purpose, with the economy now poised for growth driven by increased pr...Published: 08 Nov 2019 at 04:50hrs | 1487 | by Staff reporter
Govt splashing US$ 16m on new cars for ministers - still feeding blackholes, what a waste
"The Minister gave me an assignment about the purchase of Ministers' vehicles and we have agreed with the supplier of vehicles. We are going to buy these vehicles through a letter of credit so that yo...Published: 05 Nov 2019 at 12:35hrs | 1240 | by Wilbert Mukori
Civil servants to get bonus thanks to austerity: Mthuli
FINANCE and Economic Development Minister Professor Mthuli Ncube says Government will this year pay its workers the 13th cheque right on time, this month, because public finances are now in a healthie...Published: 04 Nov 2019 at 06:33hrs | 1806 | by Staff reporter
Sanctions do hurt the economy
The United States ambassador to Zimbabwe Brian Nichols, was unusually hyperactive last week.The diplomat attempted to counter the government's narrative on the detrimental effects of sanctions...Published: 03 Nov 2019 at 06:49hrs | 215 | by Hopewell Mauwa
'We're going to improve lives of our people,' says Mthuli Ncube
Zimbabweans are bearing the brunt of soaring prices of basic commodities and cash shortages. They are also worried about the continued loss of value of the Zimbabwe dollar. To date, Government's auste...Published: 03 Nov 2019 at 06:35hrs | 637 | by Staff reporter
Sanctions are anti-peace in Zimbabwe
The issue of sanctions and how they have impacted the social and economic welfare of the generality of Zimbabweans is of great relevance to the National Peace and Reconciliation Commission. Fi...Published: 02 Nov 2019 at 06:58hrs | 142 | by Geoffrey T. Chada
Zimbabwe de-dollarization & other countries experiences
Zimbabwe suspended its local currency on the 9th of April 2009 and adopted a basket of multiple currencies such as the South African Rand, British Pound, Botswana Pula, Japanese Yen, Euro and the Unit...Published: 01 Nov 2019 at 13:41hrs | 5152 | by Victor Bhoroma
Mthuli Ncube seeks to broaden tax base
THE 2020 National Budget will focus on enhancing revenue collection through advancing the ongoing Zimbabwe Revenue Authority and other administrative reform initiatives meant to broaden the tax base a...Published: 01 Nov 2019 at 06:45hrs | 2749 | by Staff reporter
'Corporate sector must lead digital transformation'
GOVERNMENT has called on the corporate sector to lead the digital transformation drive so that it remains relevant and adapt to the ever-changing digital environment.Officially opening the Mar...Published: 01 Nov 2019 at 06:31hrs | 48 | by Staff reporter
Zimbabwe trade deficit narrows 66%
ZIMBABWE'S trade deficit, which represents an outflow of domestic currency to foreign markets, narrowed by 66% to US$670 million between February and September this year compared to the same period la...Published: 31 Oct 2019 at 07:21hrs | 306 | by Staff reporter
Eddie Cross beginning to smell the coffee, but....
IN the Holy Book, there is 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 s...Published: 29 Oct 2019 at 17:36hrs | 5912 | by Amos Mazambani
Zimdollar to be pegged against SA rands
THE government is leaning towards pegging the Zimbabwe dollar currency to the South African rand, with Finance minister Mthuli Ncube saying this would make the local currency more competitive in the r...Published: 29 Oct 2019 at 07:01hrs | 12842 | by Staff reporter
Zimbabwe plans $1bn trade deficit cut
The government is targeting to reduce the country's trade deficit with the rest of the world by at least US$1 billion this year, official figures show. According to the Finance ministry, Zimba...Published: 29 Oct 2019 at 06:59hrs | 642 | by Staff reporter
Darwendale platinum project up for next year
Construction work on the US$500 million Darwendale platinum project will start in the second quarter of 2020, first deputy chief executive officer of Vi Holdings, Alexander Ivanov, said on Thursday on...Published: 29 Oct 2019 at 06:56hrs | 316 | by Staff reporter
Obert Mpofu an anti sanctions hero?
Obert Mpofu is a man who makes headlines and probably the biggest political character and player in Matebeleland. In his capacity as Secretary for Administration in ZANU PF, Obert Mpofu is the m...Published: 28 Oct 2019 at 08:32hrs | 10091 | by Nicholas Ncube
Zimbabwe sanctions: Who is being targeted?
Southern African countries have joined calls from the Zimbabwe government for the sanctions to be lifted, saying they're damaging the region's economy.So why are sanctions in place and what impact...Published: 28 Oct 2019 at 06:47hrs | 1133 | by Staff reporter
Sanctions are a blunt instrument
On Friday the SADC region as a whole mounted a coordinated protest against the European and American targeted sanctions against Zimbabwe. I am a veteran of the UN Mandatory Sanctions program mounted a...Published: 27 Oct 2019 at 19:40hrs | 1899 | by Eddie Cross
Biti slams anti-sanctions protests
Zimbabwe's opposition, the Movement for Democratic Change (MDC), said the protests calling for the lifting of sanctions against that country were just an attempt to deflect attention from real issues....Published: 27 Oct 2019 at 12:18hrs | 5423 | by Staff reporter
MaShurugwi menace poses danger to Zimbabwe
OUTSPOKEN Member of Parliament for Norton Temba Mliswa once called for decisive action against marauding criminals going by the moniker MaShurugwi who are unleashing untold violence in mining communit...Published: 27 Oct 2019 at 11:34hrs | 1732 | by By Toby Sithole
Mohadi launches Presidential input scheme
THE Government yesterday launched the 2019-2020 free Cottco Presidential Inputs and Tillage Scheme to benefit more than 400 000 households and two million rural people countrywide.Vice-Preside...Published: 27 Oct 2019 at 09:54hrs | 455 | by Staff reporter
Zimbabwe set to gain from depreciating currency
Zimbabwe may have to roll up its sleeve with regards to the newly-established single continental market for goods and services, the African Continental Free Trade Area (AfCFTA).AfCFTA will ope...Published: 27 Oct 2019 at 09:52hrs | 1222 | by Staff reporter
Cement sales plummet
REGIONAL cement maker Pretoria Portland Cement says cement sales at its Zimbabwe unit went down between 30 and 35 percent in four months ending 30 July due to a challenging economic climate that has s...Published: 27 Oct 2019 at 05:42hrs | 3692 | by Staff Reporter
Zimbabwe, Britain plot Brexit plan - Ambassador Robinson
Zimbabwe should expedite the ratification of its trade agreement with the United Kingdom (UK) to ensure the continuation of trade relations when Britain leaves the European Union (EU). This wa...Published: 24 Oct 2019 at 09:03hrs | 2373 | by Staff Reporter
Economy facing new de-industrialization wave
Zimbabwe's hyperinflation and the general economic decline are now posing serious viability challenges for the local industry. This will be a second phase of de-industrialization in a space of 2 decad...Published: 22 Oct 2019 at 21:34hrs | 2221 | by Victor Bhoroma
Farm workers get 84,62% salary increase
WORKERS in the general agriculture sector have been awarded an 84,62% salary increment, which will see the lowest paid employee getting $360 a month.According to the collective bargaining agre...Published: 21 Oct 2019 at 07:44hrs | 2212 | by Staff reporter
BancABC funds 2019/20 agriculture season
Banc ABC says it has set aside funds to benefit farmers in the 2019/20 farming season.This comes after the 2018/19 farming season was greatly affected by poor rainfall, resulting in a serious drought....Published: 21 Oct 2019 at 07:43hrs | 538 | by Staff reporter
SA economist urges Zimbabwean authorities to think outside the box
A SOUTH AFRICAN economist, Nisha Sewdass, has urged the Zimbabwean authorities to think outside the box and in a disruptive way to rescue the nation from economic rot.Sewdass made the remarks at t...Published: 21 Oct 2019 at 07:42hrs | 1063 | by Staff reporter
Zimbabwe angles for post Brexit trade spoils
ZIMBABWE is evaluating the implications of the United Kingdom's possible exit from the European Union (EU) and positioning itself for wider trading opportunities beyond the impasse. The United...Published: 21 Oct 2019 at 07:35hrs | 373 | by Staff reporter
UK think tank sees Zimdollar firming
The Zimbabwe dollar is expected to largely stabilise next year before it starts firming against the US dollar on the back of growing confidence in the domestic currency.The local currency woul...Published: 18 Oct 2019 at 19:02hrs | 4418 | by Staff reporter
Mthuli Ncube cut his nose to spite his face
ZIMBABWE businesses, grappling with the realities of hyperinflation and exchange rate induced losses, have pressed the panic button over worsening macro-economic conditions in the country, with severa...Published: 18 Oct 2019 at 18:26hrs | 2377 | by Phillimon Mhlanga
Mnangagwa encourages industries to export 20% of their produce
President Emmerson Mnangagwa (pictured) yesterday urged companies and producers to export 20% of their produce to the foreign markets, but retain 80% for local markets.Mnangagwa made the remar...Published: 18 Oct 2019 at 15:05hrs | 249 | by Staff reporter
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