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Zimbabwe to keep Zimdollar
Zimbabwe plans to keep its local dollar, a currency that has lost value every single trading day of the year, even as fiscal and monetary authorities work on new plans to revamp the currency, accordin...Published: 26 Mar 2024 at 06:37hrs | 689 | by Staff reporter
The rise of General Chiwenga: My reply to this article
My article today is to reply an article written by Samkeliso Ncube on Bulawayo 24: it was written in large; The rise of General Chiwenga, Zimbabwe's vanguard to a prosperous future. This article is no...Published: 25 Mar 2024 at 20:30hrs | 1388 | by Nomazulu Thata
Mr Kudzai Mutisi, the German 'Economic wonder' after the WW2 had multiple favourable factors!
I am writing this article as a reply to your article you wrote last week: My article is not in any way or form critiquing your own but including factors that must be known, but, however, adding to wha...Published: 20 Mar 2024 at 20:53hrs | 426 | by Nomazulu Thata
Why US sanctions on Zimbabwe 'have not worked'
The United States is a global superpower. Its political and economic reach is massive and global in character. Look back in history and you can see how the US has so often made real changes to the wor...Published: 19 Mar 2024 at 19:54hrs | 313 | by Eddie Cross
EXCLUSIVE: Victim of Mafia Boss Francesco Marconati speaks on how he lost his beer plant and got deported
In the shadowy world of mafia dealings, a sinister evil chess game orchestrated by the self-styled Italian Mafia boss,Marconati, (pictured) has been exposed.Today, we delve into the Francesco ...Published: 08 Mar 2024 at 17:27hrs | 736 | by George Tshuma
FULL LIST: President Mnangagwa honours best performing public official
In a prestigious ceremony held at the State House in Harare, President Mnangagwa honored the outstanding performance of several key public officials across various sectors. The event, which mark...Published: 08 Mar 2024 at 11:16hrs | 13483 | by George Tshuma
Zimbabwe must deal with currency volatility causes, not symptoms
THE United Nations Economic Commission for Africa (Uneca) executive secretary Claver Gatete this week said Zimbabwe should deal with the root causes of currency volatility not symptoms.Gatete ...Published: 07 Mar 2024 at 05:10hrs | 418 | by Staff reporter
Mnangagwa plots divisive constitutional coup
ZIMBABWEAN President Emmerson Mnangagwa's strategy for a third term - practically a constitutional coup - is now gathering momentum and going full steam ahead after a brief retreat as the military reg...Published: 04 Mar 2024 at 18:43hrs | 995 | by Staff reporter
Zimbabwe inflation hits 6-month high
Zimbabwe's inflation rate jumped to its highest level in six months as the local dollar continued its losing streak against the greenback, in one of its worst starts to the year since the currency's r...Published: 29 Feb 2024 at 20:38hrs | 1107 | by Staff reporter
Mnangagwa scared of gukurahundi, plots divisive constitutional coup
ZIMBABWEAN President Emmerson Mnangagwa's strategy for a third term - practically a constitutional coup - is now gathering momentum and going full steam ahead after a brief retreat as the military reg...Published: 29 Feb 2024 at 20:34hrs | 1917 | by Staff reporter
Zinara raps local authorities over roads
Local authorities have come under fire from the Zimbabwe National Road Administration (Zinara) for allowing settlements in areas without serviced roads.Addressing journalists yesterday, Zinara...Published: 29 Feb 2024 at 05:04hrs | 398 | by Staff reporter
Zimbabwe MPs urged to hold govt accountable
SPEAKER of National Assembly Jacob Mudenda has urged parliamentary portfolio committees to ensure the government is held accountable for the benefit of taxpayers.Addressing lawmakers during a ...Published: 27 Feb 2024 at 04:38hrs | 139 | by Staff reporter
Government scraps Zupco service contract
THE Government has terminated the service contract with the Zimbabwe United Passenger Company (Zupco) to provide urban mass transport which was gobbling US$6 million a month, saying the company has be...Published: 25 Feb 2024 at 07:14hrs | 435 | by Staff reporter
Mugabe divides opinion from the grave
ON what would have been Robert Mugabe's 100th birthday, Zimbabwe and the world grapple with the complex legacy of a man who led Zimbabwe to independence, but later presided over its economic ruin....Published: 22 Feb 2024 at 04:58hrs | 1574 | by Staff reporter
RBZ boss designate hits ground running
JOHN Mushayavanhu, the incoming governor of the Reserve Bank of Zimbabwe (RBZ), has already started contributing to the 2024 monetary policy statement (MPS), getting things going right away, Sta...Published: 18 Feb 2024 at 09:19hrs | 1204 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | 575 | by Staff reporter
Chamisa slams Zimbabwe govt's currency board plan
Opposition leader Nelson Chamisa has strongly criticized the government's proposed introduction of a currency board as an attempt to revive the struggling Zimbabwe dollar, stating that it will ultimat...Published: 16 Feb 2024 at 07:42hrs | 1653 | by Staff reporter
IMF not ready to extend financial support to Zimbabwe
THE International Monetary Fund's (IMF) two-week-long high-level visit ended on Wednesday amid revelations that no financial support will be extended to Zimbabwe without authorities undertaking seriou...Published: 15 Feb 2024 at 10:08hrs | 506 | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 424 | by Staff reporter
IMF advises Zimbabwe to adopt forex market reforms
As the instability of the beleaguered Zimbabwe dollar intensifies, the International Monetary Fund (IMF) has advised the government to adopt forex market reforms which are "more transparent and market...Published: 15 Feb 2024 at 10:01hrs | 83 | by Staff reporter
'23 years of sanctions embolden Zimbabwe'
ZIMBABWE'S story is that of resilience, innovation, people-centred policies and the undying resolve to defeat illegal Western sanctions that have continued to pound the country for over 23 years....Published: 14 Feb 2024 at 04:39hrs | 167 | by Staff reporter
Mnangagwa govt is getting crazier
IF you are a Zimbabwean citizen or resident and still want to live on, you need super strong shock absorbers because the Mnangagwa administration is capable of crazy things that can easily kill you....Published: 11 Feb 2024 at 21:07hrs | 741 | by Staff reporter
Mnangagwa hints at more policies to deal Zimdollar
President Emmerson Mnangagwa has disclosed plans for the Reserve Bank of Zimbabwe (RBZ) and the Ministry of Finance to introduce a comprehensive set of new policies aimed at rescuing the nation's seve...Published: 07 Feb 2024 at 04:49hrs | 1265 | by Staff reporter
Mnangagwa whips 'errant' ministers
President Emmerson Mnangagwa has castigated his ministers for failing to respect Cabinet business demanding real-time updates on the fight against the cholera epidemic ravaging Zimbabwe and the Sadc r...Published: 07 Feb 2024 at 04:46hrs | 1041 | by Staff reporter
Mnangagwa to introduce structured currency in Zimbabwe
PRESIDENT Mnangagwa has said the country will soon be introducing its structured currency as the Government implements measures to arrest price hikes while creating a conducive economic environment....Published: 06 Feb 2024 at 15:00hrs | 978 | by Staff reporter
Grains importing Zimbabwe claims to have enough grain until next harvest
ZIMBABWE has 240 000 tonnes in its Strategic Grain Reserves which is enough to take the country to the next harvest, according to a report released by the Ministry of Lands, Agriculture Fisheries, Wat...Published: 24 Jan 2024 at 04:47hrs | 138 | by Staff reporter
Fresh measures to prop up Zimdollar
The GOVERNMENT is set to unveil new interventions, which may include reforming the foreign currency auction system and boosting foreign currency supply in the market, to deal with the recent volatilit...Published: 21 Jan 2024 at 07:27hrs | 642 | by Staff reporter
Grain stuck at Beitbridge border post
At least 38,000 metric tonnes of grain imports are stuck at the Beitbridge border post because of issues with the VAT requirements, which kicked off this week, the Minister of Lands, Agriculture, Fish...Published: 11 Jan 2024 at 17:12hrs | 426 | by Staff reporter
Zimdollar exchange rate bolts
MARKET watchers have predicted a gloomy 2024 outlook amid a galloping exchange rate, steep taxation and an ever tanking economy, NewsDay reported.As usual, this is heavily impacting on ordinar...Published: 08 Jan 2024 at 05:36hrs | 4993 | by Staff reporter
Zimbabwe's ailing SOEs owe Chinese, Indian banks US$1.7billion
ZIMBABWE has accessed loans of up to USS$1.7 billion from Chinese and Indian banks to shore up technically insolvent state-owned enterprises (SOEs), a leading regional financier has revealed.A...Published: 31 Dec 2023 at 12:57hrs | 326 | by Staff reporter
$10 trillion kitty to complete high-impact projects in Zimbabwe
SEVEN high-impact projects - spanning energy, information and communication technology, transport, water and sanitation, agriculture, health, education and housing, among other sectors - are expected ...Published: 31 Dec 2023 at 08:48hrs | 92 | by Staff reporter
Zimdollar bloodbath set to continue into coming year
THE depreciation of the Zimbabwe dollar in 2023 is likely to spill into 2024, with experts forecasting an increase in the cost of doing business, production and increased pressure on the exchange rate...Published: 30 Dec 2023 at 16:33hrs | 4720 | by Staff reporter
Zimbabwe mobile operators' revenues up by 95%
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) recorded a 95,3% growth in mobile operator revenue to $850,8 billion in the third quarter owing to inflationary gains....Published: 24 Dec 2023 at 16:10hrs | 140 | by Staff reporter
Navigating the Zimbabwe crisis: Exploring paths to resolution
Introduction:Zimbabwe finds itself at a critical juncture, grappling with a multifaceted crisis that encompasses political instability, economic challenges, and social unrest. As the nation st...Published: 16 Dec 2023 at 07:08hrs | 322 | by Josh Mhambi
New taxes on luxury vehicles take effect
The new surcharge increasing the duty on luxury cars, double cabs and SUVs valued at more than US$120 000 is now law and comes into effect on January 1.Commercial and industrial vehicles and v...Published: 15 Dec 2023 at 07:21hrs | 242 | by Staff reporter
Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 3754 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | 502 | by Staff reporter
Chiredzi Town Council to upgrade water supply systems
Chiredzi Town Council has tabled an ambitious 5 year development plan which will see the town intensely improve water supply and modernize all its infrastructure.This came out at a recent post...Published: 12 Dec 2023 at 13:57hrs | 130 | by Stephen Jakes
Zimbabwe industry players call for Budget taxes review
Organisations in industry and commerce want Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube to review some of the tax proposals he made in the 2024 Budget saying...Published: 12 Dec 2023 at 05:51hrs | 108 | by Staff reporter
Gas discovery excites Zimbabwe govt
AUSTRALIA oil and gas exploration firm, Invictus Energy, has announced a massive breakthrough in its exploitation drive declaring a gas discovery from the Mukuyu-2 sidetrack well in the Upper Angwa fo...Published: 08 Dec 2023 at 05:36hrs | 420 | by Staff reporter
Bulawayo City Council moots 5 days water shedding schedule?
THE Bulawayo City Council (BCC) is planning to introduce a new water-shedding schedule, which will see residents going for 120 hours without water with Government yesterday assuring residents that it ...Published: 07 Dec 2023 at 05:28hrs | 295 | by Staff reporter
Retailers want zero VAT restored on basics
THE Confederation of Zimbabwe Retailers has called on Finance, Economic Development and Investment Promotion Minister Mthuli Ncube to reverse proposals to introduce Value Added Tax on a small range of...Published: 06 Dec 2023 at 05:04hrs | 288 | by Staff reporter
Zimdollar worse off since 2022
THE local currency, the Zimbabwean dollar, has continued to depreciate against the United States dollar on an unrestrained trajectory, despite various measures implemented by the Reserve Bank of Zimba...Published: 03 Dec 2023 at 19:20hrs | 377 | by Tinashe Duma
Treasury gives priority to Gwayi-Shangani pipeline completion
GOVERNMENT has scaled up investments in the provision of water for domestic, industrial and agricultural use with the Lake Gwayi-Shangani and pipeline construction being one of the priority projects i...Published: 03 Dec 2023 at 10:36hrs | 138 | by Staff reporter
Mthuli Ncube squeezes everyone
GOVERNMENT yesterday announced a cocktail of tax increases, pushing up the cost of living and ease of doing business after reviewing its 2024 revenue projection upwards by 22,22% to ZWL$53,9 trillion....Published: 02 Dec 2023 at 05:42hrs | 416 | by Staff reporter
Mthuli Ncube's 2024 budget a 'mass misery'
OPPOSITION legislators yesterday accused Finance minister, Mthuli Ncube, of condemning millions of citizens to a life of misery with an anti-people budget containing a basket of tax increases beginnin...Published: 01 Dec 2023 at 04:59hrs | 1474 | by Staff reporter
Mthuli Ncube increases toll fees by 150% in US$ terms
Due to limited resources, Finance and Investment Promotion Minister, Mthuli Ncube, has presented a 2024 National Budget totaling ZWL58.2 trillion, implementing deep tax measures to address financial c...Published: 30 Nov 2023 at 20:08hrs | 916 | by Staff reporter
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 588 | by Staff reporter
Outward migration fuelling HIV in Matebeleland North
Matebeleland North is witnessing a surge in HIV incidence rates, a challenge exacerbated by factors such as outward migration, according to the National Aids Council (Nac). During a press briefing on ...Published: 28 Nov 2023 at 05:13hrs | 196 | by Staff reporter
Zimbabwe's Cross Border traders commend price stability measures
The Zimbabwe Cross Border Traders Association (ZCBTA) has commended authorities for implementing comprehensive measures that have contributed to price stability. The recognition follows the maintenanc...Published: 23 Nov 2023 at 05:45hrs | 227 | by Staff reporter
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