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Zimbabwe's gold-backed digital tokens mop up $34bn excess liquidity
THE Reserve Bank of Zimbabwe (RBZ) has mopped up $34 billion through gold-backed digital tokens, which are part of measures to reduce liquidity in the market and expand the value-preserving instrument...Published: 11 mins ago | 7 | by Staff reporter
Mthuli Ncube's import duty waiver on basic goods praised
ZIMBABWEANS have applauded the Government for lifting all restrictions on the import of basic commodities to boost market supplies and granting a 100 percent retention of domestic foreign currency ear...Published: 15 mins ago | 7 | by Staff reporter
Mnangagwa's 5 election hurdles
AFTER days of political drama, anxiety and bated breath, President Emmerson Mnangagwa proclaimed the election date, setting the stage for a season of intrigue, joy and heartaches. Zimbabwe decides on ...Published: 11 hrs ago | 1033 | by Staff reporter
Foreign funded NGOs angered by Zimbabwe's 'Patriot Bill'
THE controversial Criminal Law (Codification and Reform) Amendment Bill, also known as the Patriot Bill, which was approved by the National Assembly last week has torched a storm, with legislators and...Published: 24 hrs ago | 613 | by Staff reporter
Zimdollar's black month
THE official auction and interbank exchange rates rose by about 100% and 150%, respectively, last month marking a significant depreciation of the Zimbabwe dollar, a new report has found.At the...Published: 24 hrs ago | 1124 | by Staff reporter
Mnangagwa says 2023 elections deeply rooted in liberation struggle
HARMONISED elections that will be held on August 23 are a product of the liberation struggle that secured the country's independence from British colonial rule and are an important part of consolidati...Published: 24 hrs ago | 170 | by Staff reporter
BRICS new currency to shield against sanctions
The Brics are looking to "ensure that we do not become victims to sanctions that have secondary effects on countries that have no involvement in issues that have led to those unilateral sanctions," Na...Published: 24 hrs ago | 706 | by Staff reporter
'Zanu-PF cannot win a free and fair election in Zimbabwe'
Opposition and rights groups in Zimbabwe are bemoaning this week's passing of a so-called "Patriotic Bill" by the lower house of parliament, which they say curtails several fundamental freedoms enshri...Published: 04 Jun 2023 at 15:08hrs | 1019 | by Staff reporter
Zimbabwe aims to double power output by 2025
Zimbabwe's state power utility ZESA aims to more than double national grid capacity by 2025 to respond to increased demand from the mining sector, its chief executive said on Thursday.The coun...Published: 04 Jun 2023 at 15:08hrs | 330 | by Staff reporter
Redwing: a tale of plunder, impunity, chaos and death
Redwing Gold Mine, once touted as a giant gold mining venture capable of transforming the quality of life in the Penhalonga area of Manicaland province and a cash cow for the national economy, has bec...Published: 04 Jun 2023 at 12:12hrs | 312 | by Staff reporter
Zimbabwe has officially become a pariah state!
The Government of Zimbabwe has officially become a tyranny - fraught with all the legislative tools to be justifiably labelled a pariah state.By the country's Parliament passing the much-loath...Published: 04 Jun 2023 at 08:43hrs | 188 | by Tendai Ruben Mbofana
Zanu-PF's US like law gets thumbs down from foreign funded NGOs
Zanu-PF's spirited attempts to introduce a law that will impose a death penalty on 'unpatriotic' Zimbabweans is an assault on human rights to freedom of assembly, association and expression analysts s...Published: 04 Jun 2023 at 08:40hrs | 137 | by Staff reporter
US foreign policy and the Zimbabwe dollar!
In my life journey, my three years stay in Jamaica was probably the most traumatic and most revealing as to how the imperialists work.I am, therefore, surprised that Mthuli Ncube and his handl...Published: 04 Jun 2023 at 08:37hrs | 214 | by Kenneth Mufuka
Ruwa eyes town status
RUWA is set to be granted town status amid reports that its local board is sitting on an investment portfolio worth US$1 billion that includes property and industrial expansion.Part of the pro...Published: 04 Jun 2023 at 08:34hrs | 89 | by Staff reporter
SA hair salon used as conduit in Natfoods cash scam
A SOUTH AFRICAN hair salon was reportedly used as a conduit to transfer part of the money that was siphoned from National Foods.Scammers hacked into the company's computer system and accessed ...Published: 04 Jun 2023 at 08:30hrs | 159 | by Staff reporter
Banks scale back Zimbabwe dollar lending
BANKS have significantly reduced lending in the local currency ever since monetary authorities hiked interest rates last year to prevent rent-seeking behaviour by individuals and corporates, Reserve B...Published: 04 Jun 2023 at 08:29hrs | 40 | by Staff reporter
Zimbabwe committed to African ideals
THE construction of the Museum of African Liberation in Zimbabwe is testament of the country's commitment to preserve the history and values of Pan-Africanism for existing and future generations....Published: 04 Jun 2023 at 08:27hrs | 7 | by Staff reporter
Zimbabwe has officially become a pariah state!
By the country's Parliament passing the much-loathed so-called ‘Patriotic Bill', Zimbabwe has effectively joined the unenviable international ‘Hall of Shame' - joining other nations, such as North...Published: 03 Jun 2023 at 19:09hrs | 982 | by Tendai Ruben Mbofana
Did war vets collapse Zimdollar?
I HEAR many Zimbabweans suggesting that Zimbabwe was driven to bankruptcy and the crash of the dollar by paying war veterans in 1997.However, this perception is wrong because Zimbabwe printed ...Published: 03 Jun 2023 at 08:19hrs | 431 | by Rutendo Matinyarare
3 arrested for forging O Level certificates
THREE Harare residents appeared before magistrate Stanford Mambanje on Wednesday facing charges of forgery after they faked Ordinary Level certificates to enter foreign universities.Cindy Muts...Published: 03 Jun 2023 at 08:18hrs | 451 | by Staff reporter
Chinese miner threatens workers over strike
DIAMOND miner, Anjin Investments (Pvt) Ltd, has threatened to dismiss workers who go on strike in protest over poor salaries and working conditions.In a memorandum dated May 31 addressed to mi...Published: 03 Jun 2023 at 08:17hrs | 144 | by Staff reporter
Zimbabwe's Patriotic Bill imposes death on 'sell-outs'
Zanu-PF Wednesday invoked its parliamentary majority to muscle through, the controversial Criminal Law Amendment Bill - better known as the Patriotic Bill - which seeks to impose death, at the very ex...Published: 02 Jun 2023 at 18:19hrs | 561 | by Staff reporter
'Mnangagwa must withdraw 'Patriotic Bill' from parliament'
THE Zimbabwe Lawyers for Human Rights is greatly saddened by the passing of the Criminal Law (Codification and Reform) Amendment Bill H.B. 15, 2022 introducing so-called patriotism provisions in the H...Published: 02 Jun 2023 at 18:18hrs | 413 | by Staff reporter
Mthuli Ncube feels heat
THE government's ambitious growth projections are unlikely to be met because of protracted blackouts, which have stifled exports and further weakened the local currency.In December last year, ...Published: 02 Jun 2023 at 18:17hrs | 1221 | by Staff reporter
The greatest unpatriotism is keeping quiet when ruling elite destroys Zimbabwe!
So, the Parliament of Zimbabwe has gone ahead, in spite of all the public outrage, into passing the draconian so-called 'Patriotic Bill'.I should say that there was nothing particularly surpri...Published: 02 Jun 2023 at 10:47hrs | 501 | by Tendai Ruben Mbofana
The International Criminal Court a ridiculous organisation
The world has recently been surprised to hear that the ICC has issued a ‘warrant of arrest' for Russian President Vladimir Putin. The central charge against him is that he is responsible for the abd...Published: 02 Jun 2023 at 06:59hrs | 1012 | by Ian Beddowes
Chamisa knows where to find me, says Mnangagwa
OPPOSITION political party leaders should feel free to approach the Head of State for dialogue directly as opposed to using proxies, the media and third parties, President Mnangagwa has said.P...Published: 02 Jun 2023 at 06:51hrs | 2647 | by Staff reporter
Zimbabwe 'sellouts' shocked as Parly passes 'Patriot Bill'?
THE Criminal Law (Codification and Reform) Amendment Bill, popularly known as the Criminal Code, sailed through the National Assembly on Tuesday night and immediately sent chills down spines of many p...Published: 02 Jun 2023 at 06:50hrs | 892 | by Staff reporter
Zimbabwe mining sector energy demand to surge 344%
ZIMBABWE'S mining sector will require in excess of 2 000 megawatts (MW) of electricity in the next three to four years, up 344% compared to current needs, as industry expands, businessdigest revealed....Published: 02 Jun 2023 at 06:48hrs | 213 | by Staff reporter
Zimdollar in spectacular crash
THE Zimbabwe dollar crashed by a whopping 60% against the United States dollar in May alone, underlining a raging economic crisis that has wiped salaries and sent prices soaring.Zimbabwe's eco...Published: 02 Jun 2023 at 06:48hrs | 1619 | by Staff reporter
Mangudya rules out dollarisation
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday claimed that past experiences, rather than basic economic issues, were to blame for the country's exchange rate volatility, as he ruled ...Published: 02 Jun 2023 at 06:46hrs | 345 | by Staff reporter
Gweru in weekly parking fee hike
GWERU City Council increased parking fees from $2 200 to $3 000 per hour with effect from yesterday, barely a week after it effected another increment.The previous fee increase was on May 26....Published: 02 Jun 2023 at 06:46hrs | 135 | by Staff reporter
EcoCash posts $4,76bn loss
ECOCASH Holdings Zimbabwe Limited (EHZL) has posted a $4,76 billion loss for its financial year ended February 28, 2023 owing to monetary exchange losses worth $30,1 billion linked to its failure to r...Published: 02 Jun 2023 at 06:44hrs | 240 | by Staff reporter
Mnangagwa threatens to legislate against foreign currency use
PRESIDENT Emmerson Mnangagwa has, in a yet-to-be-aired interview, declared Zimbabwe will continue using its waning currency despite it fast-losing value.In snippets of the interview shared by ...Published: 02 Jun 2023 at 06:43hrs | 1267 | by Staff reporter
'Zimbabwe has no capacity for full dollarisation'
RESERVE Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, has urged Zimbabweans to embrace the local currency saying the country has no capacity to sustain a fully dollarised economy.While th...Published: 02 Jun 2023 at 06:42hrs | 158 | by Staff reporter
RBZ clarifies new forex surrender policy
THE Reserve Bank of Zimbabwe (RBZ) is set to meet with the Bankers Association of Zimbabwe (BAZ) and Accountant General with a view to map the way forward on the use of foreign exchange from the 25 pe...Published: 02 Jun 2023 at 06:40hrs | 175 | by Staff reporter
ED Mnangagwa Law School takes shape
Construction of the ED Mnangagwa Law School at the Midlands State University (MSU) Kwekwe Campus has recorded massive progress with the state-of-the-art multipurpose structure on course to meeting the...Published: 02 Jun 2023 at 06:40hrs | 155 | by Staff reporter
Evan Mawarire condemns Zimbabwe's Patriot Bill
ZIMBABWEAN activist and #ThisFlag movement founder Evan Mawarire has condemned the Criminal Law Code Amendment Bill (Patriot Bill) describing it as 'draconian' after it sailed through Parliament, Wedn...Published: 01 Jun 2023 at 18:43hrs | 590 | by Staff reporter
Zimbabwe continues fight in US courts to block payment of US$277m land reform suit
ZIMBABWE continues its fight in the United States (US) to block enforcement of a US$277 million arbitration award to a German and Swiss family which stems from the country's controversial land reform ...Published: 01 Jun 2023 at 06:58hrs | 961 | by Staff reporter
'Dump Zimdollar'
ECONOMIC analysts have said Finance minister Mthuli Ncube's new measures introduced on Monday have very little chance of saving the Zimbabwe dollar from collapse.They instead advised Ncube to ...Published: 01 Jun 2023 at 06:47hrs | 1042 | by Staff reporter
Zimbabwe's election season begins
THE country was ushered into an election season yesterday as President Mnangagwa proclaimed the road map for this year's polls, setting August 23 as the election date and June 21 as the date for the s...Published: 01 Jun 2023 at 06:43hrs | 194 | by Staff reporter
Zimbabwe targets net wheat exporter status
GOVERNMENT has revised upwards the winter wheat production target of 85 000 hectares to 90 000 hectares as the country is positioning itself to be a net exporter of wheat in the region.To date...Published: 01 Jun 2023 at 06:42hrs | 82 | by Staff reporter
Mealie-meal shortage hits Zimbabwe?
ILLICIT deals involving some unscrupulous suppliers and traders have been blamed for creating artificial shortages of mealie-meal in formal shops while the commodity is being diverted to the streets a...Published: 01 Jun 2023 at 06:42hrs | 374 | by Staff reporter
Mnangagwa in Malawi on State visit
PRESIDENT Mnangagwa arrived here yesterday for a three-day State visit at the invitation of his counterpart, President Lazarus Chakwera.He was welcomed at Kamuzu Banda International Airport by...Published: 01 Jun 2023 at 06:41hrs | 125 | by Staff reporter
4 diplomats present credentials to Mnangagwa
New ambassadors from the republics of Saharawi Arab Democratic, Cote d'Ivoire, Serbia and Hungary have presented their credentials to President Mnangagwa pledging to strengthen ties with Zimbabwe....Published: 01 Jun 2023 at 06:41hrs | 101 | by Staff reporter
ConCourt backs RBZ on US dollar conversion
The 2018 decision by the Reserve Bank of Zimbabwe (RBZ) to convert all US dollar balances in Zimbabwean bank accounts to local currency was quite constitutional the Constitutional Court ruled yesterda...Published: 01 Jun 2023 at 06:40hrs | 270 | by Staff reporter
China now Zimbabwe's largest FDI source
China has made huge inroads into the Zimbabwean economy in terms of investment, which is expected to grow further following the three-day ZimTrade organised Zimbabwe-China Business Forum, which ends t...Published: 01 Jun 2023 at 06:40hrs | 143 | by Staff reporter
Zimbabwe's harmonised elections: Die is cast
PRESIDENT Mnangagwa yesterday proclaimed August 23, 2023, as the day on which harmonised elections will be held, opening the door for political parties' to start their campaigns in earnest and ending ...Published: 01 Jun 2023 at 06:40hrs | 90 | by Staff reporter
Zimbabwe govt to cushion workers' salaries
Civil servants salaries will soon be reviewed to cushion them from price hikes as the Government remains resolute in supporting and improving the welfare of its workers, a Cabinet Minister has said....Published: 01 Jun 2023 at 06:39hrs | 448 | by Staff reporter
US embassy refuses to back down after spat with Zimbabwe
The United States embassy in Harare has refused to back down over tweets urging Zimbabweans to register and vote after its top diplomat was summoned to a meeting at the foreign affairs ministry on Tue...Published: 31 May 2023 at 20:58hrs | 1214 | by Staff reporter
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