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The role of Zimbabwe's diasporas in economic development
This article was 1st published on engineeringnews.co.zw. Zimbabwe is battling a water, fuel, forex and electricity crisis. Can diaspora funds save us? ...Published: 3 hrs ago | 198 | by Jacob Kudzayi Mutisi
Mthuli Ncube to rescue closed mines
The government is considering a duty waiver for closed mines to allow them to retool, Finance minister Mthuli Ncube has said.Ncube said allowing the struggling mines to import equipment duty-f...Published: 21 Jul 2019 at 10:16hrs | 1032 | by Staff reporter
Mthuli Ncube needs to work his magic on inflation
ECONOMIC analysts expect Finance and Economic Development Minister Professor Mthuli Ncube to announce new measures to contain and bring Zimbabwe's galloping inflation under control when he presents hi...Published: 21 Jul 2019 at 10:03hrs | 521 | by Staff reporter
A second President is possible for Zimbabwe to save the little left
The citizens may have lost out on many resources (mining) but remember we can still support anyone we want to turn our fortunes around. We need to have one we anoint as an economic leader, one we ...Published: 21 Jul 2019 at 09:07hrs | 2220 | by Justice Maphosa
Mthuli Ncube to slash PAYE, VAT
Government has said it is considering lowering the income tax structure to stimulate demand for goods and services by reducing the Value Added Tax (VAT) and Pay As You Earn (PAYE) tax heads.Fi...Published: 19 Jul 2019 at 09:41hrs | 12599 | by Staff reporter
Paynet, banks impasse slows billions
AN irretrievably broken down relationship between banks and Paynet Zimbabwe, which until June this year was Zimbabwe's sole bulk payments enabler, may have significantly cut down turnaround time for t...Published: 19 Jul 2019 at 07:52hrs | 1274 | by Staff reporter
Mthuli Ncube ordered to disclose real debt
PARLIAMENT has given Finance minister Mthuli Ncube up to September 30 to disclose the terms and conditions of all public loans and loan guarantees that have not been published, with legislators castin...Published: 19 Jul 2019 at 07:51hrs | 1775 | by Staff reporter
New funding round launched for Zim startups at FasterCapital
On the 11th July 2019; more than 20 African countries bring into effect what is going to be the largest Free Trade Area in the world. A free trade area means an agreement between several countries to ...Published: 18 Jul 2019 at 11:47hrs | 1132 | by Tawanda Mutukwa
Lessons from Singapore on economic development
Singapore is a tiny island-city state in Southeast Asia with a total area of 718km2 (543 times smaller than Zimbabwe) and part of the four Asian Tigers (Others include Hong Kong, Taiwan and South Kore...Published: 15 Jul 2019 at 09:56hrs | 1289 | by Victor Bhoroma
Mugabe coup announcer talks up investment in Westminster
Foreign Affairs and International Trade Minister Dr Sibusiso Busi Moyo yesterday had lunch with the powerful Westminster Africa Business Group in London and invited them to grab investment opportuniti...Published: 13 Jul 2019 at 07:58hrs | 100 | by Staff reporter
'Dollarisation failed to create jobs in Zimbabwe'
While Zimbabwe registered remarkable economic growth during the multi-currency era, the period dismally failed to generate significant formal jobs, research findings 5released by the Reserve Bank of Z...Published: 12 Jul 2019 at 18:57hrs | 799 | by Staf reporter
Zimbabwe power outages a manifestation of endemic corruption in govt
THE massive daily power outages rocking the country have had a devastating impact on an already fragile economy, throwing into disarray President Emmerson Mnangagwa's mantra that "Zimbabwe is open for...Published: 12 Jul 2019 at 09:24hrs | 1083 | by Staff reporter
Mugabe coup announcer talks up investment in Westminster
Foreign Affairs and International Trade Minister Dr Sibusiso Busi Moyo yesterday had lunch with the powerful Westminster Africa Business Group in London and invited them to grab investment opportuniti...Published: 12 Jul 2019 at 07:25hrs | 357 | by Staff reporter
Zimbabwe can't pay for imports, narrows trade deficit
Zimbabwe's trade deficit has narrowed to $332m for the five months to May as the southern African country battles to pay for key imports such as electricity and fuel. According to latest figur...Published: 10 Jul 2019 at 21:47hrs | 1517 | by Staff reporter
VACANCIES: Sadc on a recruitment spree
The Southern African Development Community (SADC) is a regional economic community founded and maintained by countries in Southern Africa. It aims to further the socio- economic, political and securit...Published: 09 Jul 2019 at 10:07hrs | 6924 | by sadc
Zimbabwe mining industry set to generate US$3bn
Zimbabwe's mining industry expects to generate US$3 billion in revenue this year, which is short of government’s US$4 billion target, an industry official has said.In 2018, the sector earned...Published: 09 Jul 2019 at 07:25hrs | 366 | by Staff reporter
Glamping organisers aim to integrate the region
Travelling in the SADC region has been on the increase, so as innovative ways to boost tourism. According to 'Travel and Tourism Competitiveness' report 2017, the World Economic Forum said Southern Af...Published: 08 Jul 2019 at 18:44hrs | 802 | by Agencies
Mixed feelings over Zimdollar return
The move was bold, and many did not see it coming.In a bid to defend the new and fledgling Zimbabwean dollar against black market speculation, the country's Finance minister on June 25 outlawe...Published: 07 Jul 2019 at 21:19hrs | 354 | by Al Jazeera
Emmerson Mnangagwa's cabinet review
News doing the rounds says the Vice President of the Republic of Zimbabwe has passed on , it seems Chiwenga and Robert Mugabe have one thing in common - they both die in the media and resurrect miracu...Published: 03 Jul 2019 at 09:51hrs | 10770 | by Nicholas Ncube
Are we enjoying the fruits of our independence-Zimbabwe?
The Zimbabwe is on standstill not because of sanctions. The real matter is on "CORRUPTION" and Zimbabwe to go forward need to adhere to its "Constitution".. In the Zimbabwean scenario, a certain secti...Published: 01 Jul 2019 at 21:26hrs | 1727 | by Enos Denhere
Recession, Zim Dollar return and Economic Outlook
As the country enters the last half of the year and warms up to the re-introduction of the Zimbabwean Dollar, it is now evident that the economy is swiftly sliding into a recession. In 2018, the econo...Published: 01 Jul 2019 at 12:20hrs | 5231 | by Victor Bhoroma
Zimbabwe launches industrial policy
Government has launched the Zimbabwe National Industrial Policy (ZNIDP), which is expected to help transform the economy through value addition, increasing employment levels and promoting a culture of...Published: 01 Jul 2019 at 07:30hrs | 304 | by Staff reporter
De-dollarisation fraught with risk
LATIN American countries such as Bolivia and Peru - like Zimbabwe did this week - once embarked on de-dollarisation without macro-economic stability and other necessary conditions, with the process en...Published: 30 Jun 2019 at 09:06hrs | 482 | by Staff reporter
Zimdollar given 5-day ultimatum
THE National Tripartite Negotiating Forum (TNF) has given government up to Tuesday next week to withdraw Statutory Instrument 142/2019, which banned the use of multi-currency and reintroduced the Zimb...Published: 27 Jun 2019 at 06:41hrs | 5045 | by Staff reporter
Socio-economic Implications of banning the US Dollar
On 24 June 2019, the government abolished the 10-year-old multi-currency regime in the country making the Zimbabwe dollar the sole legal tender. The Zimbabwe Coalition on Debt and Development (ZIMCODD...Published: 26 Jun 2019 at 15:18hrs | 1962 | by ZIMCODD
Principles on new currency in place
Government is working on modalities to introduce a new currency, which will be the sole legal tender for domestic transactions as fundamentals have now been put in place, President Mnangagwa has said....Published: 22 Jun 2019 at 01:15hrs | 1762 | by Staff reporter
Introduction of Zimdollar a disaster
A major economic highlight of the week was the confirmation by the President Emmerson Mnangagwa that Zimbabwe will re-introduce a local currency before year-end. It is our view that our country is not...Published: 21 Jun 2019 at 07:48hrs | 4423 | by Dr Chitambara
Zimbabwe shines to glory despite hardships
Zimbabwe has struggled to improve its deteriorating infrastructure in business, education, and healthcare. Zimbabwe's power grid is overstressed, and power failures have been daily occurrences in...Published: 20 Jun 2019 at 07:17hrs | 4721 | by Dr Masimba Mavaza
'Taming the Shrew' - Deaths on our Roads
Driving in Harare and in the highways of Zimbabwe has become distressful. Recent reports of high profile road traffic deaths refer. The traffic chaos has become a 'shrew.' There is urgent need to 'tam...Published: 19 Jun 2019 at 07:53hrs | 1300 | by Engineer Tororiro Isaac Chaza PMP
Zimbabwe's currency reforms dilemma
The Zimbabwean government has indicated that the country will be launching a new currency before the end of 2019. The announcement has caused some confusion amongst businesses and the transacting publ...Published: 17 Jun 2019 at 18:01hrs | 2206 | by Victor Bhoroma
Zimbabwe FDI doubles to $745 million in 2018 ($349 million in 2017)
Zimbabwe's Foreign Direct Investment (FDI) inflows more than doubled to $745 million in 2018 from $349 million in 2017, on the back of a small number of approved projects, latest report shows. FDI out...Published: 17 Jun 2019 at 09:38hrs | 1445 | by FinX
MOPA Bill gets nod
Mashonaland West province has thrown its weight behind the Maintenance of Peace and Order Bill (MOPA) in public hearings held recently. Participants at the joint Parliamentary Portfolio Commit...Published: 17 Jun 2019 at 09:20hrs | 218 | 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 | 1011 | by Mthuli NCube
Mnangagwa says, 'no going back on currency'
THE public will soon access cheaper basic commodities at Grain Marketing Board (GMB) depots throughout the country as the Government moves to mitigate the wanton price increases by unscrupulous busine...Published: 16 Jun 2019 at 09:37hrs | 1676 | by Staff reporter
SA set tough conditions for Zimbabwe to join Rand Monetary Union
PRESIDENT Emmerson Mnangagwa has revealed that neighbouring South Africa imposed "unacceptable" conditions for Zimbabwe to join the Rand Monetary Union.In a live interview with a State control...Published: 15 Jun 2019 at 09:45hrs | 8181 | by Staff reporter
Zimbabwe in austerity-induced recession
"OUTPUT in Zimbabwe is expected to contract in 2019 with a sharp rise in inflation reducing real incomes and foreign exchange shortages constraining activity," the World Bank reports in its Global Eco...Published: 14 Jun 2019 at 08:22hrs | 806 | by Tinashe Kaduwo
Mthuli Ncube targets price stabilisation
Government's fiscal consolidation measures and other initiatives introduced into Zimbabwe's economic programmes should see prices of goods starting to drop from next month, Finance and Economic Develo...Published: 14 Jun 2019 at 07:48hrs | 1304 | by Staff reporter
Zimbabwe groaning under economic turbulences
Zimbabwe focuses on the economic challenges facing the nation since 2008. The economy is now resembling a run away train towards a bombed bridge. There is great economic improvements at the top with c...Published: 13 Jun 2019 at 18:16hrs | 1584 | by Dr Masimba Mavaza
Prices to start falling next month, claims Mthuli Ncube
Government's fiscal consolidation measures and other initiatives introduced into Zimbabwe's economic programmes should see prices of goods starting to drop from next month, Finance and Economic Develo...Published: 13 Jun 2019 at 17:32hrs | 4230 | by Staff reporter
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 | 1242 | by Agencies
Foreign aid dreadful, unnecessary!
ZIMBABWE does not need foreign aid to escape this economic malaise. Our leaders have been saying it so many times that the country's hope lies on a bailout package; the quicker we get it, the better, ...Published: 06 Jun 2019 at 07:30hrs | 344 | by Blessing Machiva
Should online gambling be legalized In Zimbabwe?
The Rising Popularity Of Online Gambling Online gambling is fast becoming a world phenomenon, and the popularity in Zimbabwe is rapidly increasing. Due ...Published: 05 Jun 2019 at 10:32hrs | 929 | by Staff Writer
What the latest IMF report on Zimbabwe means
In the report, the International Monetary Fund (IMF) acknowledges the commitment by President Emmerson Mnangagwa's government to stabilise Zimbabwe's economy.The fund also reveals that the IMF...Published: 05 Jun 2019 at 08:01hrs | 2084 | by newZWire
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 | 897 | by Dumisani O. Nkomo
'Zimbabwe's outlook remains uncertain'
THE International Monetary Fund (IMF) says Zimbabwe's outlook remains uncertain, warning that the large fiscal adjustments needed will be politically and socially difficult to implement.The fu...Published: 01 Jun 2019 at 07:51hrs | 521 | by Staff reporter
Let's resolve politics first
THE economic crisis continues to deepen with rising inflationary pressures, worsening shortages of foreign currency, electricity and fuel, amid a widening gap between the official and unofficial excha...Published: 31 May 2019 at 08:05hrs | 756 | by Prosper Chitambara
Funding Africa's infrastructure gap
Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of in...Published: 30 May 2019 at 19:52hrs | 817 | by Agencies
Coca-Cola ranks as Africa's top food and beverage brand
Coca-Cola is the only food and beverage brand ranked in the top five most admired brands in Brand Africa's 7th annual Brand Africa 100: Africa's Best Brands.Coca-Cola was named as the fourth m...Published: 26 May 2019 at 21:11hrs | 650 | by Agencies
Africa Day not yet uhuru
Africa emerged from the dark cruel days of colonialism. The inspiration to find itself and shake the shackles of bondage came from the soup of Africa day. Africa day has brought about different vibes....Published: 25 May 2019 at 14:51hrs | 264 | by Dr Masimba Mavaza
Monetary policy unlikely to resuscitate Zimbabwe economy
ZIMBABWE'S new monetary system is unlikely to lead to a rapid improvement in liquidity - thus economic growth - in the short to medium-term, a report has revealed.In its monetary policy statem...Published: 24 May 2019 at 07:35hrs | 601 | by Staff reporter
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