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Zimbabwe takes sanctions fight to UN
Zimbabwe will next week use the opening of the 75th session of United Nations General Assembly (UNGA), that will be held virtually because of Covid-19, to reiterate its call for the unconditional remo...Published: 18 Sep 2020 at 06:44hrs | 341 | by Staff reporter
High ranking UAE official jets in
A high ranking United Arab Emirates (UAE) official, Sheik Fayez Muhamad Salem Sultan Al Qassimi, arrived in the country yesterday to discuss various investment opportunities with President Mnangagwa, ...Published: 14 Sep 2020 at 06:30hrs | 563 | by Staff reporter
Why RBZ needs autonomy
Former reserve Bank of Zimbabwe (RBZ) governor Gideon Gono recently appeared on Zimbabwean entrepreneur and newspaper publisher Trevor Ncube's discussion series In Conversation with Trevor.Amo...Published: 13 Sep 2020 at 07:15hrs | 348 | by Admire Dube
Policy implementation key in reindustrializing economy
The re-industrialization of the economy is a vital piece in the achievement of Zimbabwe's sustainable economic development goals and effective participation in the Africa Continental Free Trade Area (...Published: 05 Sep 2020 at 16:15hrs | 435 | by Victor Bhoroma
Retailers reel under diminished demand
RETAIL outlets and corporates are reeling from a major reduction in sales volumes with some facing closure as a result of shrinking disposable income due to a weakened local currency and impact of the...Published: 04 Sep 2020 at 06:27hrs | 2812 | by Staff reporter
Zimbabwe urgently needs PPP regulation
The state of public infrastructure in Zimbabwe has never been as dire as it is now. Years of underinvestment in the railway network, highways and roads, energy generation plants, sports facilities, bo...Published: 22 Aug 2020 at 20:12hrs | 1152 | by Victor Bhoroma
COVID-19 can open new path to more equitable and just societies - Part 1
The Covid-19 pandemic has already begun to shape the world we will inhabit, once we get to the other side of the disease. Just think of the many ways we have to do things now that are likely t...Published: 20 Aug 2020 at 08:13hrs | 546 | by Emmanuel Koro
AfCFTA permanent secretariat a launchpad for Africa's economic transformation
At a ceremony on Monday to commission the permanent secretariat of the African Continental Free Trade Area (AfCFTA), Ghana's President Nana Akufo-Addo and Moussa Faki Mahamat, chairperson of the AU Co...Published: 19 Aug 2020 at 07:47hrs | 280 | by Stephen Jakes
'Zimbabwe should not burden SA with its political crisis'
MDC-T chairperson Abednico Bhebhe says the country's political crisis can permanently be resolved by Zimbabweans.In a wide ranging interview with the Daily News on Sunday Staff Writer Jeffrey ...Published: 16 Aug 2020 at 15:54hrs | 2782 | by Staff reporter
Chronicle Business editor wins SADC award
CHRONICLE Business Editor Prosper Ndlovu has come out tops in the Southern Africa Development Community (Sadc) 2020 Media Awards in the print category where he walked away with a cash prize of US$2 50...Published: 16 Aug 2020 at 08:08hrs | 85 | by Staff reporter
Matabeleland- Zimbabwe border to be the most guarded in the world
For security reasons, Matabeleland and Zimbabwe aka Mashonaland should be separated by a border wall which is so high that even the eagle would not be able to fly over it.To be extra vigilant ...Published: 11 Aug 2020 at 21:04hrs | 2677 | by Israel Dube
Biti's Civic society demands answers over US$18 billion debt
CIVIC society groups have amplified their voices seeking to know how the country's debt ballooned to US$18 billion.The lobby groups are demanding debt transparency after taxpayers have been fo...Published: 08 Aug 2020 at 09:40hrs | 4073 | by Staff reporter
Corporate Governance and State Entities Decay in Zimbabwe
The unfolding corporate governance scandal at Zimbabwe Electricity Supply Authority (ZESA) provides a hint of how the country's State Entities and Parastatals (SEPs) have been run down over the years....Published: 07 Aug 2020 at 22:11hrs | 1219 | by Victor Bhoroma
EIU predicts tough times ahead for Zimbabwe
LONDON-BASED Economic Intelligence Unit (EIU) has predicted a gloomy economic outlook for Zimbabwe in the next four years owing to failure by government to manage the tumultuous political and economic...Published: 04 Aug 2020 at 08:19hrs | 1350 | by Staff reporter
Was the shutting down of mobile money, ZSE a necessary evil?
ON June 26, 2020 the Information ministry announced in a tweet that all mobile money transactions and the Zimbabwe Stock Exchange (ZSE) would stop transacting forthwith.The authorities halted ...Published: 26 Jul 2020 at 11:11hrs | 2709 | by Admire Maparadza Dube
Zimbabwe is a failed State, says ZCTU
ZIMBABWE Congress of Trade Unions president Peter Mutasa yesterday described the country as a "failed State" given the high poverty levels, decaying infrastructure, the odious debt situation caused mo...Published: 25 Jul 2020 at 08:35hrs | 5063 | by Staff reporter
Digital trade is the next big thing in Africa
Wamkele Mene was recently appointed Secretary General of the African Continental Free Trade Area Secretariat. Because of COVID-19, free trade for countries that have ratified the agreement did not beg...Published: 25 Jul 2020 at 07:57hrs | 342 | by Kingsley Ighobor
Mnangagwa's Zimbabwe tumbles on business rankings
ZIMBABWE, in the throes of its worst political and economic crisis in more than a decade, has the highest country risk in the whole of Southern Africa, a report has revealed.The country is con...Published: 24 Jul 2020 at 08:21hrs | 3756 | by Staff reporter
Gono defends 'RBZ looting' on TV debate
THE farm mechanisation programme spearheaded by the Government between 2007 and 2008 was not corrupt but legal with the costs taken care of by the State through the central bank's internal operations,...Published: 24 Jul 2020 at 07:40hrs | 1948 | by Staff reporter
Rating of the African Development Bank, with Stable Outlook
Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank's (AfDB) Long-Term Issuer Default Rating (IDR) at 'AAA', with stable outlook. According to the agency,...Published: 21 Jul 2020 at 11:49hrs | 396 | by Stephen Jakes
Zimbabwe headed for upheaval, report says
WITH security forces having seized control of economic and financial policy at a time of shrinking GDP and skyrocketing inflation, Zimbabwe is facing its worst crisis in more than a decade.Bas...Published: 19 Jul 2020 at 09:23hrs | 16868 | by Elliot Smith
'Mthuli economic review damp squib'
ZIMBABWE'S main opposition MDC Alliance party yesterday described the 2020 midterm budget and economic review statement presented by Finance Minister Mthuli Ncube as a damp squib for failing to addres...Published: 17 Jul 2020 at 07:46hrs | 1220 | by Staff reporter
Eyebrows raised as Mohadi opens US$1,8m bridge
VICE-PRESIDENT Kembo Mohadi yesterday stood in for President Emmerson Mnangagwa to officially open a bridge constructed at a cost of US$1,8 million in Mvurwi, Mashonaland Central province, with expert...Published: 16 Jul 2020 at 07:43hrs | 2806 | by Staff reporter
Mnangagwa snubs Mash Central at the eleventh hour, Mohadi appears
PRESIDENT Emmerson Mnangagwa allegedly snubbed Mashonaland Central province again at the eleventh hour where he was supposed to commission the 1,8 m...Published: 16 Jul 2020 at 06:11hrs | 5264 | by Simbarashe Sithole
Mnangagwa will not resign on the 31st or any other day
The July 31st protests in Zimbabwe will have lasting consequences. While most of them are difficult to anticipate, some of the economic impacts are already being felt and add up to long-term challenge...Published: 15 Jul 2020 at 09:12hrs | 9226 | by Dr Masimba Mavaza
'Zimbabwe's real GDP to contract 15,5%'
ZIMBABWE'S real gross domestic product (GDP) is seen contracting by 15,5% in 2020 as the foreign currency shortage, limited investment, company shutdowns, soaring inflation and lockdown measures to st...Published: 15 Jul 2020 at 08:25hrs | 335 | by Staff reporter
No need to make Africa one country
There is obsession today among many Pan-Africanists of believing a one country Africa as the only viable way Africa can develop and eliminate all the problems it is facing. They believe that a one cou...Published: 05 Jul 2020 at 09:28hrs | 910 | by Lubani Nondo
The truth about coup rumours in Zimbabwe
Zimbabwe is awash with speculation, innuendo and rumours of a coup following a statement against corrupt leaders by the army General during a burial of a national hero Nleya, with even left some...Published: 03 Jul 2020 at 07:06hrs | 3767 | by Dr Masimba Mavaza
Zimbabwe environmental law association conduct research on formalisation of artisanal miners
A local Non-Governmental Law Association, Zimbabwe Environmental Law Association i s seeking to carry out a research on formalization of the artisanal and small-scale mining (ASM) sector....Published: 28 Jun 2020 at 09:44hrs | 308 | by Stephen Jakes
Zimbabwe's economists query China's friendship
Some of the country's economists have raised their eyebrows with regards to China's debt cancellations in Africa which were revealed earlier on this week.China's cancellation of debt towards r...Published: 27 Jun 2020 at 10:35hrs | 1720 | by Daniel Itai, Harare, Zimbabwe
How RBZ, govt sabotaged plans to restore Zimdollar
UNITED States $75 allowances and allowing retailers to trade in forex show a government shifting into reverse gear, possibly ditching two years' worth of policy steps to end dollarisation.The ...Published: 26 Jun 2020 at 07:26hrs | 6362 | by Staff reporter
Zimra nets $23,1bn revenue in 2019
THE Zimbabwe Revenue Authority (Zimra) says it managed to collect a net revenue of $23, 19 billion in 2019 against a planned $18, 6 billion target for the year. The tax authority is employing ...Published: 26 Jun 2020 at 06:57hrs | 142 | by Staff reporter
Radical Economic Structural Transformation REST (part 5 of 10)
There is no doubt that without a fundamental structural transformation of our economy from a dualistic enclave economy, whose economic activity is mainly driven by the production of primary products, ...Published: 25 Jun 2020 at 16:45hrs | 289 | by Vince Musewe
'Zimbabwe needs bailout or political breakthrough'
Zimbabwe cannot revive its economy without an international bailout, but any bailout is most likely to come with political and economic conditions attached to it. This comes as the economy is forecast...Published: 24 Jun 2020 at 17:44hrs | 897 | by Staff reporter
Same frog now in lipstick
IN more ways than one, courting love is similar to stalking prey.Although motivated by different designs, courting and stalking essentially entail stealthily winning an advantage in order ...Published: 21 Jun 2020 at 11:05hrs | 248 | by Bishop Lazi
Zimbabwe's economic collapse govt's own doing
PRESIDENT Emmerson Mnangagwa's claims that the deepening economic crisis is the work of his political detractors and greedy businesspeople reflect the government's failure to take responsibility for i...Published: 19 Jun 2020 at 08:25hrs | 1622 | by Staff reporter
Zimbabwe instability blights Common monetary Area prospects
FORMER Finance minister Tendai Biti says Zimbabwe's economic crisis, characterised by currency volatility, 785% inflation, a gargantuan debt stock estimated at US$10 billion and dwindling exports, hin...Published: 19 Jun 2020 at 08:25hrs | 808 | by Staff reporter
Zimbabwe to get another helping hand from the AfDB
Zimbabwe's attempts to raise money to fight Covid-19 are looking up as the African Development Bank (AfDB) is planning to give it US$13.7 million (about R235 million) in financial assistance.T...Published: 16 Jun 2020 at 12:15hrs | 461 | by Staff reporter
Radical Economic Structural transformation REST (part 3 of 10)
"No goods should leave our borders unprocessed and no goods should enter our borders that we cannot process and add value locally."It was Ibbo Mandaza who wrote on "the failure of Zimbabwe- to...Published: 11 Jun 2020 at 09:43hrs | 861 | by Vince Musewe
The Republic of Matabeleland (ROM) beckons
With Ambazonia's final breakthrough in their quest for self-determination, it has become abundantly clear that after experiencing a series of tragedies under Zimbabwe's colonial rule Matabele people c...Published: 10 Jun 2020 at 20:15hrs | 2795 | by George Mkhwanazi
Zimbabwe economy to contract 10%
The World Bank projects a 10% contraction of Zimbabwe's economy in 2020, a worse outcome against the forecast Sub-Saharan Africa contraction of 2.8%. The country's economy is set to recover to a...Published: 09 Jun 2020 at 08:17hrs | 1392 | by Staff reporter
Zimbabwe's debt-to-GDP ratio to exceed 100%
THE Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) says the country's debt to gross domestic product (GDP) ratio will balloon to 101,6% by year end due to legacy debt, farmers' compensat...Published: 09 Jun 2020 at 08:02hrs | 321 | by Staff reporter
Solving political turmoil key to addressing Zimbabwe's economic crisis
ZIMBABWE is experiencing one of its worst economic crises since independence characterised by cash and foreign currency shortages, fuel scarcities, rampant prices hikes, hyperinflation and increased v...Published: 07 Jun 2020 at 16:35hrs | 714 | by Staff reporter
Zimbabwe government schools urged to commercial
GOVERNMENT has urged schools to come up with commercial programmes to help address some of their financial needs and prepare pupils to become entrepreneurs. Some schools in the country are making pers...Published: 06 Jun 2020 at 07:42hrs | 315 | by Staff reporter
Radical Economic Structural Transformation (REST) part 2 of 10
"A national vision not shared, not inclusive, not well-articulated, not vivid in or imagination, not fully understood nor clear, unbelievable, hardly motivating, unexciting and not compelling at all i...Published: 04 Jun 2020 at 13:18hrs | 610 | by Vince Musewe
Key economic lessons for Zimbabwe from South Africa
Zimbabwe and South Africa share a long history of trade, socio-economic, political and cultural ties that span for decades. The two countries are separated by a 225km border that runs along the Limpop...Published: 01 Jun 2020 at 15:42hrs | 685 | by Smetch Sibanda
Zimbabwe hyperinflation: ZASH the natural alternative
Covid-19 pandemic has been the worst crisis in this century. Many governments in the world are struggling to fight the pandemic which has drastically affected world economies. Global governments respo...Published: 31 May 2020 at 10:09hrs | 1362 | by Sammy ChiyazMan
Russia donates to Zimbabwe's war veterans
RUSSIA has reaffirmed its commitment to further strengthen bilateral relations with Zimbabwe in various fields. This comes as the Embassy of the Russian Federation in Harare handed over of 1 500 tonne...Published: 29 May 2020 at 18:02hrs | 1917 | by Staff reporter
Clueless gaze in the face of free-falling Zimdollar
THE spectacular collapse of the Zimbabwean dollar in the past week has yet again exposed the government's bankrupt currency policies worsening the country's deepening economic crisis.The Zimdo...Published: 29 May 2020 at 08:17hrs | 430 | by Staff reporter
An introduction to Radical Economic Structural Transformation (REST)
"We have been caught in a spider's web of lies about our history, our potential and our future as a country since 1980. The only way we can extricate ourselves from it is to first change our belief sy...Published: 28 May 2020 at 14:47hrs | 1055 | by Vince Musewe
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