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Mnangagwa acquiring more public debt to fund second term bid
WINNING or losing an election is a referendum on the economy by citizens. More often than not politicians are aware of this fact and, therefore, go out of their way, sometimes, contracting huge debts ...Published: 3 hrs ago | 280 | by Paidamoyo Muzulu
'Harare contribution to GDP'
THE City of Harare has contributed about 38% to Zimbabwe's gross domestic product (GDP), a new initiative by the United Nations Economic Commission for Africa (ECA) has revealed.The initiative...Published: 15 Oct 2021 at 06:23hrs | 290 | by Staff reporter
IMF maintains positive outlook for Zimbabwe
THE International Monetary Fund (IMF) has maintained a positive growth trajectory outlook for Zimbabwe in 2021 of 5,1 percent largely supported by increased agricultural output, energy productio...Published: 14 Oct 2021 at 06:21hrs | 279 | by Staff reporter
Namibian professional hunters also conserve wildlife
They bring international hunters and income to Africa. Additionally, they contribute to wildlife management and conservation through acceptable hunting...Published: 11 Oct 2021 at 19:01hrs | 379 | by Emmanuel Koro
Africa stuck in generational curse
WHOEVER bewitched African leaders probably perished at Nagasaki in 1945, many years before the Organisation of African Unity (OAU) was founded in 1963. That person, alongside his tools of trade and hi...Published: 08 Oct 2021 at 19:02hrs | 117 | by Sapien Sapien
National mining ICT database to eradicate mining disputes
In 2021 Zimbabwe's mining sector is proving to be big business, with mineral exports possibly reaching 60% of the country's export earnings and the mining sector contributing around 20% of national GD...Published: 04 Oct 2021 at 10:50hrs | 395 | by Jacob Kudzayi Mutisi
Why elections matter in Zimbabwe
Zimbabwe has its next elections in 2023. That is less than two years ahead. It is imperative that every Zimbabwean should examine why we have elections. What are elections for?What will we ach...Published: 03 Oct 2021 at 08:15hrs | 77 | by Fay Chung
Who is causing parallel market rates to spike?
FOR the past 18 months, Zimbabwe's economy has been on a rebound, assisted by a stronger performance in the agricultural and mining sectors, an improved balance of payments and external sector p...Published: 30 Sep 2021 at 07:20hrs | 955 | by Dr Tim Rainhard
Mnangagwa is the best boss ever, claims Mthuli Ncube
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has showered praises on President Mnangagwa's leadership, describing him as the "best boss" to ever work with and under.Since...Published: 30 Sep 2021 at 07:14hrs | 653 | by Staff reporter
Mthuli Ncube considers adjusting tax bands to cushion workers
TREASURY is set to adjust tax bands for workers' in order to reverse the erosion of incomes and boost consumer purchasing power in the face of price escalation driven by speculative parallel market ac...Published: 29 Sep 2021 at 06:40hrs | 1502 | by Staff reporter
Transfer of health workers starts
Cabinet received an update on the country's response to the Covid-19 outbreak, which was presented by the Minister of Defence and War Veterans Affairs, Honourable OCZ Muchinguri-Kashiri, as chairperso...Published: 29 Sep 2021 at 06:37hrs | 248 | by Staff reporter
US$13 million tower for JMN airport
THE newly established Airports Company of Zimbabwe (ACZ) is working on constructing a new US$13 million tower at the Joshua Mqabuko Nkomo International Airport in Bulawayo as part of its immediate man...Published: 26 Sep 2021 at 19:37hrs | 177 | by Staff reporter
Environment Ministry to identify more potential tourist attractions
Ministry of Environment, Climate, Tourism and hospitality industry has said they are going to identify more potential tourism products in Mashonaland Central to increase the Province's GDP and create ...Published: 26 Sep 2021 at 10:23hrs | 245 | by Lloyd Rabaya
Solutions to Zimbabwe debt, fiscal deficits
THE Labour and Economic Development Research Institute of Zimbabwe (Ledriz) has crafted a cocktail of measures which could be a solution to Zimbabwe's debt problems, fiscal deficits, stunted growth an...Published: 24 Sep 2021 at 09:45hrs | 420 | by Staff reporter
Mnangagwa proud of industry revival
PRESIDENT Mnangagwa yesterday expressed pride over the positive strides being registered by the country's industries - taking advantage of the supportive Government policy reforms. These have enhanced...Published: 24 Sep 2021 at 09:02hrs | 96 | by Staff reporter
Who is causing parallel market rates to spike?
For the past 18 months, the country's economy has been on a rebound, assisted by the stronger performance in the agricultural and mining sectors, an improved balance of payments and external sector po...Published: 23 Sep 2021 at 19:35hrs | 3734 | by Dr Tim Rainhard
Power outages new blow to recovery
LOCAL businesses, still reeling from the devastating effects of Covid-19 lockdowns, have suffered yet another blow following a load shedding schedule by the Zimbabwe Electricity Transmission and Distr...Published: 17 Sep 2021 at 06:17hrs | 141 | by Staff reporter
‘Zanu-PF fears diaspora vote could push it out of power'
ZIMBABWEANS in the diaspora yesterday challenged the ruling Zanu-PF party to allow them to vote in the 2023 elections, saying denying them their right exposes the ruling party's fear of losing polls....Published: 16 Sep 2021 at 06:04hrs | 1179 | by Staff reporter
Zimbabwe prices near regional parity
PRICES of basic commodities in Zimbabwe are approaching parity with those in neighbouring South Africa and other parts of the region, with some goods actually now priced lower on the domestic market, ...Published: 14 Sep 2021 at 06:00hrs | 297 | by Staff reporter
Biti caution govt over IMF windfall
ZIMBABWE'S former Finance ministers Herbert Murerwa and Tendai Biti have warned the government against using the recent US$961 million worth of special drawing rights (SDRs) from the International Mon...Published: 10 Sep 2021 at 07:39hrs | 1793 | by Staff reporter
Inside the cotton value chain
Cotton has been grown in Zimbabwe from as far back as 1940, even though production was enhanced after the establishment of the Cotton Marketing Board (CMB) in 1969. The white Gold is the second most i...Published: 09 Sep 2021 at 19:33hrs | 347 | by Victor Bhoroma
Zimbabwe makes first payment to Paris Club in 20 years
ZIMBABWE says it has made its first debt repayment to a group of creditor countries known as the "Paris Club" under a refreshed plan to clear up to US$10,7 billion owed to several multilateral funders...Published: 05 Sep 2021 at 07:06hrs | 2668 | by Staff reporter
IMF SDR release puts Biti in his place
IN April 2021, the International Monetary Fund's Catastrophe Containment and Relief Trust (CCRT) granted debt relief to the 28 poorest and most vulnerable countries hit by catastrophic natural disaste...Published: 05 Sep 2021 at 06:53hrs | 1094 | by Nobleman Runyanga
Zimbabwe blue chips shine in Africa
AT least five of Zimbabwe's biggest stock exchange-listed firms have made it to the list of Africa's best performing companies, defying storms stemming out of a two year old economic crisis, which was...Published: 03 Sep 2021 at 06:56hrs | 736 | by Staff reporter
2021 Mid Term Monetary & Budget analysis
The latest mid-term budget and monetary policy statements were presented in a low key mode with emphasis on avoiding policy shocks that can rock the economy. The Zimbabwean government revised upwards ...Published: 01 Sep 2021 at 15:30hrs | 486 | by Victor Bhoroma
Millers back fresh policies
ZIMBABWE'S milling industry have showered praises on under fire Finance minister, Mthuli Ncube for "continued strenuous efforts" in maintaining fiscal discipline to rebuild the troubled economy....Published: 29 Aug 2021 at 07:13hrs | 159 | by Staff reporter
'Mnangagwa spooked by spectre of youth revolution'
PRESIDENT Emmerson Mnangagwa's spokesperson George Charamba last week accused award-winning journalist Hopewell Chin'ono (HC), who is also a stern critic of the government of sour grapes after his bid...Published: 28 Aug 2021 at 21:32hrs | 2374 | by Staff reporter
Zimbabwe's energy sector potential and investments to drive agenda
With strong indications of oil and gas prospects in the Muzarabani Basin - along with extensive mineral wealth that could propel Africa's energy transition - Zimbabwe and its energy investment opportu...Published: 27 Aug 2021 at 08:59hrs | 530 | by Stephen Jakes
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | 1626 | by Staff reporter
Stanbic maintains steady performance in first half
Stanbic Bank has transcended the macroeconomic challenges bedeviling the country to post an inflation adjusted profit after tax of ZWL 1.2 billion for the half year to June 2021.The Standard B...Published: 26 Aug 2021 at 08:26hrs | 363 | by Staff reporter
Mnangagwa launches multi-million dollar cattle project today
PRESIDENT Mnangagwa will today launch a US$15 million cattle ranching project in Mhondoro that is part of the country's efforts to boost the national herd as part of the Livestock Growth Plan, which s...Published: 26 Aug 2021 at 06:31hrs | 515 | by Staff reporter
Zambian economy outplayed Lungu
The misconception that a replication of Edgar Lungu's political dilemma will befall Zimbabwe come 2023 will remain a mirage, not only for Nelson Chamisa who rushed to ululate at the then opposition pa...Published: 23 Aug 2021 at 07:47hrs | 2378 | by Daphine Zulu
Bumper harvest trims Zimbabwe cereal imports
ZIMBABWE has started reaping benefits of a stellar agricultural season after cereal imports, including maize, dropped to 1,9 percent in the five months to May 2021 from 9,1 percent in January, officia...Published: 23 Aug 2021 at 06:48hrs | 225 | by Staff reporter
'Zimbabwe's retailers deserve a wage subsidy'
WHILE government was bullish in the midterm fiscal policy and revised upwards gross domestic product (GDP) growth projections for 2021 from 7,4% initially projected in November last year to 7,8%, grow...Published: 22 Aug 2021 at 08:01hrs | 138 | by Staff reporter
US$1 billion steel plant ready for take off
SEVERAL arms of Government in the Midlands Province say they are ready to smoothen the way for the birth of the US$1 billion Mvuma steel plant expected to be commissioned next year.Set to be A...Published: 22 Aug 2021 at 07:48hrs | 534 | by Staff reporter
When Zambia had a Tsvangirai moment
Phew! What an eventful week it was, from the fall of Kabul to the Taliban and the fall of Edgar "Chagwa" Lungu to Hakainde Hichilema in Zambia.And we also had new Malawian President Dr Lazarus...Published: 22 Aug 2021 at 07:47hrs | 439 | by Bishop Lazi
Rates hike standoff turns political
ZIMBABWE's retail industry came out guns blazing this week, slamming local authorities for undermining President Emmerson Mnangagwa's ‘Zimbabwe is Open for Business' campaign after extensive rate hi...Published: 20 Aug 2021 at 07:11hrs | 394 | by Staff reporter
Supermarkets doomed after $120bn snub
SEVERAL measures being deployed by government to rebuild the economy may be doomed unless they are twinned with policies that boost spending power, the Confederation of Zimbabwe Retailers (CZR) said, ...Published: 19 Aug 2021 at 06:33hrs | 1017 | by Staff reporter
Zimbabwe's energy sector potential to drive agenda at African Energy week in Cape Town
Zimbabwe represents an exciting new frontier, with recent exploration activities leading to strong indications of significant oil and gas prospects. The Southern African country – bordering Mozambiq...Published: 16 Aug 2021 at 19:28hrs | 430 | by Staff reporter
Mnangagwa leaves for Malawi
President Mnangagwa leaves for the Malawian capital, Lilongwe, today for the 41st Ordinary Summit of SADC Heads of State and Government, which runs from tomorrow to Wednesday under the theme "Bolsteri...Published: 16 Aug 2021 at 06:39hrs | 548 | by Staff reporter
GMAZ happy with Mthuli Ncube and Mangudya
THE grain milling industry has hailed 2021 mid-term fiscal and monetary policies presented by authorities, underscoring that the twin policies would foster price and exchange rate stability, at a time...Published: 12 Aug 2021 at 11:02hrs | 2208 | by Simbarashe Sithole
Jonathan Moyo says anyone offended by Roki's Patati Patata lyrics lacked 'a moral compass'
EXILED former Cabinet Minister, Jonathan Moyo has defended urban grooves artist, Rockford 'Roki' Josphats from social media attacks following the release of his latest track, Patati Patata.Thi...Published: 11 Aug 2021 at 19:02hrs | 1888 | by Staff reporter
New ZW$50 note well overdue?
The Reserve Bank of Zimbabwe (RBZ) recently introduced ZW$360 million worth of a new ZW$50 dollar note into the market, having taken regard of inflation and the need for convenience. The new note is w...Published: 08 Aug 2021 at 16:06hrs | 1306 | by Vince Musewe
Inflation pressures have dissipated, claims Mangudya
THE country's success in taming inflationary pressures has created a conducive fiscal and monetary environment essential to support the ambitious 7,8 percent economic growth target this year, Reserve ...Published: 07 Aug 2021 at 07:03hrs | 255 | by Staff reporter
How business incubators are helping entrepreneurs in Africa
Stanbic Bank's parent company, Standard Bank Group has provided R10.9 billion in relief to personal and SME clients across Africa in recognition of the challenges faced by SMEs as well as help them ge...Published: 06 Aug 2021 at 07:45hrs | 611 | by Staff reporter
Biti says Mthuli Ncube is 'clueless and incompetent'
FORMER Finance Minister Tendai Biti says the current head of Treasury Mthuli Ncube is "clueless and incompetent" who hopes that God or the spirit of Mbuya Nehanda will keep the economy afloat....Published: 02 Aug 2021 at 07:48hrs | 2152 | by Staff reporter
'Mthuli Ncube's strategy will help him avoid fresh borrowings'
THE global economy contracted 4,3% in 2020 against a background of the United States-China trade war, Brexit and the unprecedented Covid-19 pandemic, which saw countries imposing strict lockdowns that...Published: 01 Aug 2021 at 06:45hrs | 312 | by Inter HorIzon Securities
Zimbabwe ranked second least happy country in the world
The 2021 World Happiness Report is out, and Zimbabwe ranked one step above Afghanistan, the world’s unhappiest country in the world. A total of 149 countries made the pool of countries that were ran...Published: 31 Jul 2021 at 20:02hrs | 2080 | by Tafara Mtutu
Zimbabweans thrown into fresh misery
ZIMBABWE ANS were yesterday thrown into fresh misery after Finance minister Mthuli Ncube stuck to his anti-people policies announced in the 2021 National Budget last November, saying he would not revi...Published: 30 Jul 2021 at 07:48hrs | 4797 | by Staff reporter
Schools urged to commercialise, contribute to GDP
PRIMARY and Secondary Education minister Cain Mathema has urged schools to commercialise their projects so that they can contribute to the country's gross domestic product (GDP).Mathema made t...Published: 30 Jul 2021 at 07:43hrs | 290 | by Staff reporter
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