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US-Africa summit boost for Zimbabwe
President Mnangagwa yesterday flew to Mozambique for the 12th edition of the US-Africa Business Summit, which provides Zimbabwe a platform to engage with United States of America and African private s...Published: 4 hrs ago | 273 | by Staff reporter
Mthuli Ncube's speech to AfDB boards of governors - Fulltext
Speech by the minister of finance and economic development, Hon. Prof. Mthuli Ncube during the 2019 annual meetings of the boards of governors of the African Development Bank Group: Malabo, Republic o...Published: 16 Jun 2019 at 20:03hrs | 918 | by Mthuli NCube
Positive response to interbank forex market
THE Reserve Bank of Zimbabwe (RBZ) says the interbank market has, as at June 13, handled about US$154,7 million, with voluntary sales contributing the largest amount.Giving his presentation du...Published: 16 Jun 2019 at 09:41hrs | 1015 | by Staff reporter
Zimbabwe's endless currency circus and cycle
When it comes to currency management in Zimbabwe there is always déjà vu which is a result of repeated fallible prescriptions. It's a circus where the actors enjoy their never-ending play with the a...Published: 14 Jun 2019 at 11:46hrs | 3578 | by Ngonidzaishe Makaha and Adrian Mapiye
New currency unlikely to perform miracles for Zimbabwe
GOVERNMENT'S plans to unveil a new currency by year-end without addressing macro-economic fundamentals could be catastrophic, while the proposed local unit risks suffering the same fate as the defunct...Published: 14 Jun 2019 at 08:21hrs | 1131 | by Staff reporter
Re-igniting debate on a sovereign currency
Whilst a single sovereign currency regime might be the way to go, own currency may not deliver desired results if we do not address what is currently weighing down our pseudo-currency (RTGS$) - the st...Published: 14 Jun 2019 at 08:21hrs | 328 | by Persistence Gwanyanya
NMB facilitates growth of agricultural exports
NMB Bank is keen to help promote agricultural exports, which is one of the reasons it is this year participating for the first time at the Agricultural Dealers' and Manufacturers' Association (ADMA) A...Published: 13 Jun 2019 at 08:24hrs | 448 | by Staff reporter
Local content threshold set at 80%
GOVERNMENT's much awaited Local Content Strategy (LCS) which was approved by Cabinet on Tuesday has set an 80 percent minimum threshold for all products. This strategy forms part of interventi...Published: 13 Jun 2019 at 07:09hrs | 225 | by Staff reporter
Extraordinary measure for extraordinary: A case of Zimbabwe's austerity measures
In the Bible when Jacob was faced with a situation he was supposed to meet Esau his brother he was so afraid knowing that he had subtly stolen the latter's blessing. During the night, Jacob wrestled a...Published: 12 Jun 2019 at 15:34hrs | 790 | by Elijah Chihota
Lands secretary quizzed over Manicaland farm invasions
SECRETARY for Lands and Agriculture Ringson Chitsiko was yesterday taken to task in Parliament over a spate of fresh farm invasions, including the one in which Manicaland Provincial Affairs minister E...Published: 12 Jun 2019 at 07:08hrs | 1121 | by Staff reporter
Ideas, not money is what is in short supply in Zimbabwe
The economic challenges facing Zimbabwe are not about money. Our major issue is deficiency of a supportive government with competencies to design policies that enable innovation and value creation....Published: 12 Jun 2019 at 07:03hrs | 556 | by Brian Sedze
Mnangagwa's Cabinet approves Industrial, Local content policies
ZIMBABWE is set for rapid economic growth following the approval of by Cabinet yesterday of two key policies, the Zimbabwe National Industrial Development Policy (ZNIDP) and the Zimbabwe Local Content...Published: 12 Jun 2019 at 06:55hrs | 270 | by Staff reporter
Zimbabwe imports drop 31%
Zimbabwe's imports for the first four months of the year to April 2019 dropped 31 percent to US$1,5 billion from US$2,2 billion registered in the same period last year, as the country's import bill co...Published: 12 Jun 2019 at 06:50hrs | 364 | by Staff reporter
A case for subsidies in the mining sector
Zimbabwe racked in US$3.2 billion from mineral exports in 2018, a figure which represents 76% of the country's official total export earnings. This year the government has set the target at US$4.2 bil...Published: 11 Jun 2019 at 09:35hrs | 670 | by Victor Bhoroma
Mnangagwa lays out Zimbabwe currency roadmap
The country should expect the reintroduction of a local currency before the end of the year, President Mnangagwa has said. He said this while addressing Southlea Park residents in Harare after taking ...Published: 08 Jun 2019 at 07:49hrs | 796 | by Staff reporter
Zimbabwe mulls raw granite export ban
Government will soon ban unprocessed granite exports as part of efforts to enhance foreign currency generation. This was said by President Mnangagwa yesterday after touring Southern Granites (PVT) Ltd...Published: 07 Jun 2019 at 06:47hrs | 162 | by Staffrter
Weak pound will fall further if Boris Johnson is PM
Expect Boris Johnson, the person most likely to be the next UK Prime Minister, to drive down the pound even further should he win the leadership contest.This is the stark warning from Nigel Gr...Published: 06 Jun 2019 at 12:56hrs | 1223 | by Agencies
Drought to wipe 50% national herd
OVER 50% of Zimbabwe's national herd of 5,2 million cattle is at risk of being wiped out by this year's drought if no mitigatory measures are put in place within the coming few months, farmers and liv...Published: 03 Jun 2019 at 07:39hrs | 2086 | by Staff reporter
Zimbabwe now in de-facto dollarization
The persistent price volatility in the economy has left producers and retailers in Zimbabwe with very limited options apart from indexing their products in the US Dollar or pegging their RTGS prices u...Published: 02 Jun 2019 at 21:06hrs | 2535 | by Victor Bhoroma
Chasi refuse to answer questions about the pricing of ethanol supplied by Billy Rautenbach
ENERGY minister Forune Chasi has refused to answer questions about the pricing of ethanol supplied by business tycoon Billy Rautenbach's Greenfuel, which legislators said was overpriced.Greenf...Published: 02 Jun 2019 at 17:07hrs | 1689 | by Staff reporter
Repositioning Bulawayo for the future
This week Bulawayo will celebrate its 125th annivesary amidst pleas and cries for the city to be restored to its former glory as the industrial hub of the country in the 60s and 70s. I would like to a...Published: 02 Jun 2019 at 09:23hrs | 870 | by Dumisani O. Nkomo
Forex measures suffocate exporters
INDUSTRY has warned a fresh tide of closures of exporting manufacturing companies is looming in Zimbabwe owing to stringent foreign currency retention measures introduced by government in February at ...Published: 31 May 2019 at 08:07hrs | 301 | by Staff reporter
China to restrict exports of rare earths to the US
China has dropped its most obvious hint yet that it might restrict exports of rare earths to the US as a strategy in the trade war, a move that could cripple the American tech, defense, and manufactur...Published: 29 May 2019 at 17:54hrs | 2115 | by Staff reporter
Business sabotaging Zimbabwe economy
Tales of the liberation struggle for Zimbabwe bring out, among other issues, how important a good operating environment is for one to thrive in their endeavors. We are told of how the guerrillas regar...Published: 29 May 2019 at 12:20hrs | 1420 | by Mapozho Saruchera
Mnangagwa's govt polishes up interbank market
GOVERNMENT is working on ensuring efficient functioning of the interbank market to meet the economy's foreign currency requirements and bring sanity to price increases that are driven by black market ...Published: 28 May 2019 at 07:55hrs | 1413 | by Staff reporter
Achieving self-sufficiency in electricity generation in Zimbabwe
As Zimbabwe enters its third week of electricity blackouts under the national load shedding programme announced by the country's power utility, Zimbabwe Electricity Supply Authority (ZESA). The experi...Published: 27 May 2019 at 12:21hrs | 940 | by Victor Bhoroma
Iran's non-oil trade with Zimbabwe reaches $6.65 million
Iran traded 1,188 tons of non-oil commodities worth 6.65 million U.S. dollars with Zimbabwe in the last Iranian fiscal year that ended on March 20, 2019, Eghtesad Online news website reported on Sunda...Published: 27 May 2019 at 06:59hrs | 629 | by Xinhua
Zimbabwe leather and tanning industry need to meet international standards to penetrate Global markets
The ZimTrade - PUM Leather Tanneries Seminar workshop which took place on the 20th - 21th May 2019 in Bulawayo demonstrated sigh of relief to local players in leather industry as they rubbed shoulders...Published: 24 May 2019 at 14:44hrs | 800 | by Enos Denhere
RBZ warns banks over forex abuse
The Reserve Bank of Zimbabwe (RBZ) has warned it will take punitive action against banks flouting exchange control regulations after noting rampant abuse of nostro (domestic) foreign currency accounts...Published: 24 May 2019 at 06:37hrs | 2028 | by Staff reporter
ZNA used loot-all-you-want platinum concession to secure $500m loan - proof junta resolve to hang on
Last week RBZ Governor, Dr John Mangudya, and Finance Minister, Professor Mthuli Ncube, were thrilled to announce that the country secured a $500 million loan. The loan would end the shortages of fuel...Published: 23 May 2019 at 18:29hrs | 1418 | by Wilbert Mukori
Hwange Power Station funding under threat
Zimbabwe might face challenges accessing the US$1 billion loan facility from China Eximbank for Hwange Power Station expansion following the change of functional currency that resulted in funds that w...Published: 20 May 2019 at 06:28hrs | 543 | by Staff reporer
Zimbabwe economy is literary dead, Where is Mnangagwa?
The continued recycling of failed ministers is a clear sign that Zimbabwe Govt is buffeted by lack of cohesion, Zanu is buffeted by lack of incapacitation to deal with the current situation, it is buf...Published: 18 May 2019 at 18:28hrs | 5274 | by Tinashe Eric Muzamhindo
Zimbabwe should fully liberalize the petroleum industry
It has become apparent that the Zimbabwean government is failing to sustain its fuel subsidy in the economy due to foreign currency shortages. The rationale for such a subsidy has been to bring price ...Published: 18 May 2019 at 18:23hrs | 539 | by Victor Bhoroma
Zesa pursues Mnangagwa ally over $414,000 electricity debt
The Zimbabwe Electricity Supply Authority (ZESA), which announced rolling power cuts early this week, is owed millions of dollars by top government officials.Reduced electricity production at ...Published: 18 May 2019 at 10:20hrs | 1411 | by ZimLive
ZimTrade - PUM Nerthelands host the Zimbabwe Tanneries Workshop in Bulawayo
ZimTrade and PUM will hold the Zimbabwe tanneries workshop in Bulawayo from 20-21 May 2019. According to Ms Karen Mukwedeya from ZimTrade. "The workshop is aimed at bringing together local tan...Published: 18 May 2019 at 08:42hrs | 247 | by Enos Denhere
Destination branding essential for marketing Zimbabwe
Vice-President Kembo Mohadi has said a robust image for destination Zimbabwe will trigger an upsurge in international tourist arrivals, exports and foreign direct investments (FDI) and enhance growth ...Published: 18 May 2019 at 08:10hrs | 101 | by Staff reporter
Zimbabwe safe, secure
VICE President Kembo Mohadi yesterday said Zimbabwe is a safe and secure tourism and investment destination, endowed with unique resources across all sectors of the economy. He said this in his keynot...Published: 18 May 2019 at 07:59hrs | 146 | by Staff reporter
RTGS$ is our domestic currency, says Mthuli Ncube
FINANCE minister Mthuli Ncube yesterday told Parliament that his midterm budget statement earmarked for July will be announced in RTGS dollars as opposed to United States dollars which was the currenc...Published: 17 May 2019 at 17:26hrs | 3461 | by Staff reporter
Mnangagwa govt's failures may trigger public anger
Over the past year, President Emmerson Mnangagwa and his government have totally ignored calls from Zimbabweans to change the corrupt and inefficient way in which government is run. Zimbabweans from a...Published: 17 May 2019 at 07:19hrs | 1311 | by Martin Tarusenga
Zimbabwe to stop exports of raw mineral as Mnangagwa commissions smelting plant
PRESIDENT Mnangagwa said yesterday that Government will, going forward, stop exports of raw minerals in pursuit of increased value addition and beneficiation.Addressing thousands of peop...Published: 17 May 2019 at 06:18hrs | 664 | by Staff reporter
SA sets tough terms on US$1.2bn Zimbabwe loan request
Zimbabwe's debt-ridden government is in a dilemma after South Africa asked her northern neighbour to securitise mineral proceeds in exchange for a US$1,2 billion (R17billion) bailout package, it...Published: 16 May 2019 at 07:21hrs | 3801 | by Staff reporter
Zimbabwe's beef industry stampedes back to life
After more than a decade in limbo, beef farmers are back in business Zimbabwe's famed beef industry, which collapsed in the 2000s following outbreaks o...Published: 15 May 2019 at 20:50hrs | 1873 | by Ray Mwareya
Minister Mangaliso Ndlovu visits Isuzu production facility
ON the back of an excellent year of Isuzu bakkie sales in Zimbabwe, the Zimbabwean Minister of Industry and Commerce today visited Isuzu's production facility in Port Elizabeth, South Africa.M...Published: 15 May 2019 at 15:46hrs | 2474 | by Staff reporter
How Mnangagwa's government is perpetuating fuel crisis
When the fuel crisis escalated last January, President Emmerson Mnangagwa was forced to announce a 150% price increase.Amid the outrage and riots which followed, one important detail went larg...Published: 15 May 2019 at 08:11hrs | 1659 | by newZWire
Zimbabwe inflation set to decline?
ZIMBABWE is likely to experience a decline of inflation as the year progresses towards mid-year owing to slackening demand on the market due to customers' limited buying power, economist Dr Gift Mugan...Published: 13 May 2019 at 08:45hrs | 1200 | by Staff reporter
Import substitution: best remedy to high import bill
Zimbabwe imported goods worth $6.85 Billion in 2018, a 38% increase from 2017. That import figure can go up by 30% if smuggled merchandise and under declared imports at the country's border posts are ...Published: 12 May 2019 at 23:15hrs | 444 | by Victor Bhoroma
Economic take-off main priority for Mangudya second term
Reserve Bank of Zimbabwe governor Dr John Mangudya (JM) was last week re-appointed for a second five year term. Sunday Mail Editor Victoria Ruzvidzo (VR) spoke to the central bank chief about his expe...Published: 12 May 2019 at 06:34hrs | 199 | by Staff reporter
'Zimdollar' talks gain momentum
PROMINENT industrialist and Presidential Advisory Council (PAC) member, Mr Busisa Moyo, has pleaded with Zimbabweans to have confidence in the ongoing processes of resolving prevailing currency distor...Published: 07 May 2019 at 07:44hrs | 1756 | by Staff reporter
Brexit no deal could cost Zimbabwe US$4,6 million
ZIMBABWE stands to lose at least 5% of its yearly exports to the United Kingdom in the case of Britain leaving the European Union without a deal, a new United Nations agency report has shown.A...Published: 05 May 2019 at 10:47hrs | 1581 | by Staff reporter
Local currency long overdue, analysts
The current uptake of about 85 percent in transactions using the local RTGS systems is a clear sign Zimbabwe is now nearing the stage where it might be convenient to introduce a new local currency....Published: 05 May 2019 at 09:45hrs | 3306 | by Staff reporter
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