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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 | 674 | by Staff reporter
Mthuli Ncube attempts a Houdini act
Finance and Economic Development Minister Professor Mthuli Ncube this week unveils his second National Budget statement in which he is expected to announce far-reaching interventions to soothe a natio...Published: 10 Nov 2019 at 08:23hrs | 626 | by Staff reporter
All set for stable Zimdollar
As the Reserve Bank of Zimbabwe releases $2 coins into circulation tomorrow ahead of the introduction of $2 and $5 Zim-dollar notes, Finance and Economic Development Minister Professor Mthuli Ncube is...Published: 10 Nov 2019 at 08:22hrs | 634 | by Staff reporter
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 | 561 | by Staff reporter
Zimbabwe in debt distress
LACK of transparency in public debt management and the failure to comply with legal stipulations are now manifesting in depressed fiscal space and low domestic resource mobilisation, analysts have sai...Published: 08 Nov 2019 at 05:15hrs | 357 | by Staff reporter
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 | 1484 | by Staff reporter
Mthuli Ncube revises govt expenditure ceiling
GOVERNMENT has revised next year's expenditures ceiling from $28 billion by over 30 percent in light of inflation and the need to grow the economy. This was said by Finance and Economic Develo...Published: 05 Nov 2019 at 06:45hrs | 844 | by Staff reporter
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 | 1796 | by Staff reporter
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 | 5138 | by Victor Bhoroma
Zimbabwe needs political solutions to gain confidence and trust
AS Zimbabweans, we get too intelligent and over-complicate a situation for no reason. Many life solutions are practical, not intellectual. The government tried to change currency to securities, that i...Published: 01 Nov 2019 at 06:46hrs | 264 | by Enos Denhere
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 | 1102 | by Staff reporter
Countries ponder laws against calling for sanctions
THE illegal sanctions imposed on the country by some Western countries from the turn of the new millennium have in no doubt impacted negatively on the economy and the livehoods of people, with estimat...Published: 27 Oct 2019 at 09:53hrs | 651 | by Staff reporter
Zimbabwe stands up against sanctions
ALL is set for today's anti-sanctions march, with Government availing 265 buses to ferry people from the country's 10 provinces to the main event to be held at the National Sports Stadium in Harare. ...Published: 25 Oct 2019 at 07:53hrs | 891 | 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 | 2214 | by Victor Bhoroma
Zimbabwe needs political solutions to gain confidence and trust from the masses
As citizens of Zimbabwe, we get too intelligent and over complicate a situation for no reason. Many Life solutions are practical, not intellectual. The government tried to change currency to securitie...Published: 22 Oct 2019 at 21:32hrs | 710 | by Story from Enos Denhere Freelance Journalist
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 | 1060 | by Staff reporter
Zimdollar stability: The war is still on
THE war on currency stability is definitely not over. Those who are conversant with the economy often know exactly what I mean. Of course, in the first instance, the expectation of instant stability f...Published: 18 Oct 2019 at 05:25hrs | 142 | by Persistence Gwanyanya
Mthuli Ncube now taxes villagers
The Zimbabwean government has put into force a livestock levy. This levy will tax any livestock products of livestock, this includes milk, eggs and mazondo. The levying of the livestock will put to te...Published: 17 Oct 2019 at 11:55hrs | 51 | by Dr Masimba Mavaza
UK think tank says Zanu-PF poised for victory in 2023
A United Kingdom based think tank, Economist Intelligence Unit (EIU), a member of The Economist Group has predicted a comfortable win for Zanu-PF in the 2023 harmonised elections. In its repor...Published: 16 Oct 2019 at 07:21hrs | 358 | by Staff reporter
Zimdollar crashes further
THE Zimbabwean dollar this week continued its downward spiral after a momentary lull last week following the central bank moved to freeze bank accounts of companies believed to be exerting downward pr...Published: 15 Oct 2019 at 18:39hrs | 736 | by Staff reporter
Questions arising from Treasury's strategy paper
THREE official documents published in recent weeks paint a different, but fundamentally depressing pictures of Zimbabwe's economy. All pose more questions than answers, leaving readers to ponder the m...Published: 15 Oct 2019 at 06:54hrs | 776 | by Tony Hawkins
Unlocking Zimbabwe's dead capital
Agriculture remains central to Zimbabwe' economic revival hopes even though its contribution has declined to less than 12% of Gross Domestic Product (GDP) in 2018. Agriculture has strong backward and ...Published: 14 Oct 2019 at 14:18hrs | 556 | by Victor Bhoroma
Investor activity lowly on the ZSE
Investor sentiment remained muted during the week under review, amid continued worsening economic situation. The Finance, minister Mthuli Ncube of projects Zimbabwe's GDP growth a revised -6,5% in 201...Published: 13 Oct 2019 at 07:14hrs | 207 | by Staff reporter
Zimbabwe to ratify business agreement with UK
Zimbabwe has begun the process of ratifying a bilateral trade agreement signed with Britain, as Harare moves to fully join other countries lined up by London, in its economic link plan under the Brexi...Published: 13 Oct 2019 at 06:59hrs | 263 | by Staff reporter
Sadc primes for historic anti-sanction wave
Sadc countries are priming themselves for next week's historic Zimbabwe anti-sanctions day, through a plethora of events to send a unified message as they lobby for the removal of economic sanctions i...Published: 13 Oct 2019 at 06:39hrs | 168 | by Staff reporter
Impact of sanctions on Zimbabwe, region
Sanctions have led to the drying up of traditional sources of external finance from the International Financial Institutions (IFIs), with the country receiving no support from the African Development ...Published: 11 Oct 2019 at 06:26hrs | 128 | by Staff reporter
Mthuli tables ambitious revenue collection figures
TREASURY has tabled an ambitious $14 billion revenue collection target by year 2019, despite only collecting a paltry 35% of that figure in the first half of the year.Revenue collections for t...Published: 10 Oct 2019 at 06:45hrs | 2396 | by Staff reporter
'Zimbabwe targets single digit inflation'
THE economy is projected to grow by 4,6 percent next year, building on the ongoing reform initiatives and broader positive assumptions in the domestic sector and favourable global trade indicators, ac...Published: 09 Oct 2019 at 06:52hrs | 188 | by Staff reporter
NetOne back-to-basics strategy pays off
NETONE CEO Lazarus Muchenje believes the state-owned mobile phone operator is on the road to recovery because of a back-to-basics strategy.Muchenje (LM) told Alpha Media Holdings chairman Trev...Published: 06 Oct 2019 at 15:38hrs | 152 | by Staff reporter
Busting the myth of an 'upper middle income' Utopia in Zimbabwe
Ever since the November 2017 military coup, in which then iron-fisted late Zimbabwe leader Robert Gabriel Mugabe was toppled, his predecessor Emmerson Dambudzo Mnangagwa has ridden on the mantra of ta...Published: 05 Oct 2019 at 18:16hrs | 310 | by Tendai Ruben Mbofana
Zimbabweans - What The Heck Is Going On? (Part 1)
. . . In the winter, the surf off San Diego can get to be 8 to 10 feet high and it is exceedingly difficult to paddle the boat through the plunging surf, unless everyone digs in. Every paddle must be ...Published: 04 Oct 2019 at 20:32hrs | 141 | by Crosby T. Pamberi
China - Zimbabwe's 40-year relations
ON May 15 1981, former president Robert Mugabe - then Zimbabwe's prime minister - held a meeting with legendary Chinese leader Deng Xiaoping in Beijing, China, which could have changed Zimbabwe's cour...Published: 04 Oct 2019 at 07:54hrs | 138 | by Staff reporter
Can an undervalued currency boost Zim Exports
The Zimbabwean Dollar was re-introduced on the 24th of June 2019 through the gazetting of Statutory Instrument (SI) 142 of 2019. The law outlawed the use and indexing of multiple currencies for local ...Published: 30 Sep 2019 at 11:16hrs | 1116 | by Victor Bhoroma
Zimbabwe economy in doldrums: IMF
THE International Monetary Fund (IMF) has painted a grim picture of the prevailing economic situation in Zimbabwe which is exacerbated by extreme weather conditions, weakening confidence and policy un...Published: 27 Sep 2019 at 07:43hrs | 429 | by Staff reporter
Zimdollar depreciates further
THE Zimbabwean dollar this week continued its downward spiral after a momentary lull last week after the central bank moved to freeze bank accounts of companies believed to be exerting downward pressu...Published: 27 Sep 2019 at 07:42hrs | 1418 | by Staff reporter
Zimdollar rout fuels volatility
WHEN government, in a surprise move in June, abruptly abolished the multi-currency system, which saved the country from the ravages of hyperinflation from 2009, we warned the move would only temporari...Published: 27 Sep 2019 at 07:38hrs | 332 | by Dumisani Muleya
Zimbabwe earns US$5bn through exports
ZIMBABWE'S foreign currency receipts are close to US$5 billion from January to date, which indicates that the country is generating sufficient forex to cater for its economic requirements, Industry an...Published: 27 Sep 2019 at 07:16hrs | 174 | by Staff reporter
Review of the Mid Term Monetary Policy Framework
The Zimbabwean government announced the much awaited Monetary Policy Committee (MPC) on the 10th of September 2019, a few days before the announcement of the mid-term monetary policy. The appointment ...Published: 25 Sep 2019 at 09:14hrs | 1709 | by Victor Bhoroma
Can the real MDC stand up?
"Don't tell me what you value, show me your budget and I'll tell you what you value," said former US Vice-President and 2020 presidential candidate Joe Biden.Biden uses this line frequently in...Published: 25 Sep 2019 at 06:26hrs | 358 | by Paidamoyo Muzulu
The Zimbabwe economic puzzle
The Zimbabwe economic turmoil it seems is giving many economist a hard time, especially the others I personally consider the leading thinkers on the land and abroad. After a coup that toppled Mu...Published: 24 Sep 2019 at 19:18hrs | 867 | by Tashinga Kamusupai
'Agriculture will be Zimbabwe's trump card'
Zimbabwe must use the agriculture sector and its value chain to leverage on the newly established African Continental Free Trade Area (Afcfta), which has a market of more than 1,2 billion people....Published: 22 Sep 2019 at 09:31hrs | 384 | by Staff reporter
Zimbabwe to ratify trade pact with Brexit threatened UK
Zimbabwe will soon ratify a bilateral trade agreement with the United Kingdom (UK) to secure favourable trade terms ahead of Britain's expected exit from the European Union (EU).As the UK is p...Published: 22 Sep 2019 at 09:25hrs | 274 | by Staff reporter
Zimbabwe exchange rate Armageddon near
THE Monetary Policy Statement (MPS) released last Friday supplied data which when analysed show that unless drastic measures are taken, our local currency will take a heavy battering in the coming wee...Published: 21 Sep 2019 at 07:32hrs | 3854 | by Brett Chulu
Moving on from Mugabe era
BEING in Harare in the past two weeks has been quite an experience. The Robert Mugabe era has finally closed after his death in Singapore on September 6, even through he is yet to be buried.Bu...Published: 20 Sep 2019 at 07:32hrs | 303 | by Eddie Cross
'Foreigners can now invest in Zimbabwe's restricted sectors'
Government has reviewed the ownership of restricted areas by making it permissible for individuals, who are not Zimbabwean citizens, to invest in previously "reserved sectors" of the economy.T...Published: 15 Sep 2019 at 06:46hrs | 598 | by Staff reporter
What Mugabe's legacy means to Mnangagwa
FORMER president Robert Mugabe's death has become the most trending topic both locally and internationally. Several obituaries were penned since last Friday when he drew his last breath aged 95....Published: 13 Sep 2019 at 06:45hrs | 793 | by Econometer Global Capital
Zimdollar plunges 79%
ZIMBABWE'S inflation-ravaged dollar has plunged 79% against the greenback since it was declared the sole legal tender on June 24, amid an acute foreign currency shortage and diminishing market confide...Published: 12 Sep 2019 at 20:03hrs | 1073 | by Staff reporter
'Zimbabwe loses US$98 billion due to sanctions'
Foreign Affairs and International Trade Minister, Dr Sibusiso Moyo, yesterday presented a paper to Cabinet, indicating Zimbabwe lost about US$98 billion due to the illegal sanctions imposed on the cou...Published: 11 Sep 2019 at 06:01hrs | 5 | by Staff reporter
Africa has potential of building economical walls made of platinum
Africa has potential of building economical walls made of platinum if full implement holistic policies and African Continental Free Trade AgreementIn 2009, the Democratic Republic of the Congo...Published: 10 Sep 2019 at 14:27hrs | 397 | by Enos Denhere
Cash shortages choking tourism
ZIMBABWE Independent deputy editor Faith Zaba (FZ) last week attended the 2019 Africa Tourism Leadership Forum and awards at the Durban International Convention Centre (ICC) whose theme was "Stimulati...Published: 06 Sep 2019 at 07:42hrs | 211 | by Staff reporter
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