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Zimbabwe's capital city plunged into darkness
Harare, the Zimbabwean capital city, usually a hub of activity even during late evening hours, was plunged into darkness last night due to a power outage. Even the State House, Zimbabwe House, and the...Published: 17 Dec 2024 at 04:41hrs | 2641 | by Staff reporter
Harnessing the Zimbabwe diaspora for economic, social development
ZIMBABWE'S diaspora, estimated to exceed five million people, constitutes about 30% of the country's population.This global community represents a powerful resource with the potential to trans...Published: 14 Dec 2024 at 21:08hrs | 354 | by Constantine Chikosi
Zimbabwe's GDP takes US$12bn knock
Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challe...Published: 14 Dec 2024 at 10:35hrs | 179 | by Staff reporter
Chiwenga urges diamond value-addition to boost Zimbabwe exports
Vice-President Constantino Chiwenga has stressed the importance of value addition in Zimbabwe's diamond industry as a means to maximise export earnings and enhance the sector's contribution to the nat...Published: 13 Dec 2024 at 09:40hrs | 114 | by Staff reporter
Gilbert Muponda withdraws ZIFA bid, endorses Magwizi
Aspiring Zimbabwe Football Association (ZIFA) presidential candidate Gilbert Muponda has announced his withdrawal from the race, endorsing Nqobile Magwizi for the top post.In a statement relea...Published: 10 Dec 2024 at 17:19hrs | 767 | by Staff reporter
4 banks quit in South Africa in 2024
BNP Paribas, HSBC, Sasfin Bank, and Bidvest Bank have all announced massive changes to their South African operations in 2024.French-based BNP Paribas was the first bank of the four to announc...Published: 09 Dec 2024 at 15:19hrs | 777 | by Staff reporter
South Africa running out of money at an alarming rate
Efficient Group chief economist Dawie Roodt has warned that South Africa is heading for a financial crisis due to its growing debt burden.Speaking to State of the Nation's Mark Sham, Roodt sai...Published: 09 Dec 2024 at 15:15hrs | 724 | by Staff reporter
Zimbabwe juggles US$1bn TBs to avert crisis
President Emmerson Mnangagwa's government is restructuring repayment terms for Treasury Bonds (TBs) as it grapples with escalating debt obligations and the looming threat of default. With nearly US$74...Published: 06 Dec 2024 at 18:06hrs | 294 | by Staff reporter
Billionaire Ramaphosa gets a pay rise
Parliament on Tuesday approved a salary increase for President Cyril Ramaphosa despite opposition from his ardent critics, the EFF and MK Party.This after ANC chief whip Mdumiseni Ntuli tabled...Published: 04 Dec 2024 at 07:25hrs | 1286 | by Staff reporter
Ramaphosa's economy shrinks 0.3%
The South African economy unexpectedly contracted by 0.3% from the second to the third quarter this year.Economists polled by Reuters expected growth of 0.5%.In the third quarter, the ...Published: 03 Dec 2024 at 15:39hrs | 308 | by Staff reporter
Zanu-PF is the big monster
AS recent as last week, Elon Musk's fortune had swelled to a stupendous and eye-watering US$348 billion, making him probably the richest man on the planet.It is just obscene that one person's ...Published: 01 Dec 2024 at 08:25hrs | 299 | by Bishop Lazarus
2025 Budget: A shallow, hollow, narcissistic and dishonest anti-people ritual
THE 2024 budget statement was presented in backdrop of a tough and challenging year for the working people of Zimbabwe. A year in which the citizen had been abused by extreme levels of inflation, emas...Published: 29 Nov 2024 at 18:47hrs | 731 | by Tendai Biti
CCC MPs strongly reject 'betting, pizza budget'
Opposition legislators have strongly rejected Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube's 2025 national budget, criticizing it for failing to address the country's ...Published: 29 Nov 2024 at 07:13hrs | 456 | by Staff reporter
Climate finance and mismanagement in Zimbabwe: Bridging the gap between promises and accountability
As the world grapples with the escalating climate crisis, financial commitments to support developing nations in climate change mitigation and adaptation have taken center stage in international negot...Published: 24 Nov 2024 at 17:40hrs | 243 | by Tendai Ruben Mbofana
Chinese debt threatens to switch off Zimbabwe's Hwange
Zimbabwe's industrial sector is on edge this week as concerns grow over the future of the Hwange Thermal Power Station, a critical asset for the country's beleaguered power grid. With power utility Ze...Published: 24 Nov 2024 at 10:14hrs | 11678 | by Staff reporter
Let us use sports to come together
Around 1300 hours on November 19, 2024, I fought my way from store to store in order to obtain a football ticket so that I could attend an Afcon match between South Sudan and the home team, Bafana Baf...Published: 21 Nov 2024 at 14:29hrs | 181 | by Leonard Koni
Domestic Tourism festive season campaign launched
Minister of Tourism and Hospitality Industry, Barbara Rwodzi has this Saturday in Mazoe launched Domestic Tourism festive season travel campaign targeting...Published: 17 Nov 2024 at 07:59hrs | 740 | by Gideon Madzikatidze
There're now two Zimbabwes: One for a small elite and the other for millions of poor Zimbabweans
Over the past few years, Zimbabwe has reportedly experienced steady economic growth. According to government statistics, GDP growth rates have shown positive movement, suggesting that the coun...Published: 13 Nov 2024 at 22:05hrs | 583 | by Tendai Ruben Mbofana
Zimbabwe eyes deeper ties with China through belt and road initiative
Zimbabwe looks forward to deepening its partnership with China under the Belt and Road Initiative (BRI), anticipating extensive collaboration in economic development, said Midlands Minister of State f...Published: 09 Nov 2024 at 17:02hrs | 192 | by Staff reporter
Call for transparency and Stakeholder Consultation on New Cyber and Data Protection Licencing Regulations
The recent implementation of the Cyber and Data Protection Licencing regulations (S.I. 155 of 2024) by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has sparked significa...Published: 08 Nov 2024 at 14:44hrs | 111 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe's economy to grow 6% in 2025
Zimbabwe's economy is projected to expand by six percent in 2025, bolstered by favorable rainfall conditions that are expected to boost agricultural productivity, Finance, Economic Development, and In...Published: 07 Nov 2024 at 07:00hrs | 286 | by Staff reporter
If Smith was an oppressor, then what is Mnangagwa?
As I sit here, my work at a standstill due to the daily power outages we are experiencing in Zimbabwe, most times going for 15 hours or more a day, I can not help wondering.What has this suppo...Published: 30 Oct 2024 at 22:17hrs | 845 | by Tendai Ruben Mbofana
Choppies mulls Zimbabwe exit
Botswana-based retailer Choppies Enterprise Limited is contemplating a withdrawal from the Zimbabwean market, citing significant financial pressure stemming from the instability of the newly introduce...Published: 29 Oct 2024 at 07:44hrs | 6757 | by Staff reporter
Zimbabwean industry urged to brace for AfCFTA competition
Zimbabwe's local industry must be ready for competition from across the continent as the African Continental Free Trade Area (AfCFTA) comes into force, Industry and Commerce Minister Mangaliso Ndlovu ...Published: 29 Oct 2024 at 07:22hrs | 126 | by Staff reporter
IMF upgrades Russia to world's fourth-largest economy
The International Monetary Fund (IMF) has ranked Russia as the world's fourth-largest economy based on purchasing power parity (PPP). PPP compares economic produc...Published: 24 Oct 2024 at 16:21hrs | 6321 | by Staff reporter
Call for reparations: A mere excuse by failed African leaders!
As the Commonwealth Heads of Government meeting (CHOGM) kicked off this week in Samoa, the topic of reparations for slavery and colonialism has once again been thrust into the spotlight. Sever...Published: 23 Oct 2024 at 20:31hrs | 273 | by Tendai Ruben Mbofana
Mthuli Ncube's Ministry fails to provide Zimbabwe's basic economic data
Officials from Zimbabwe's Ministry of Finance faced sharp criticism on Monday during a Parliamentary Portfolio Committee on Budget and Finance meeting after arriving unprepared for the 2025 budget con...Published: 23 Oct 2024 at 15:58hrs | 258 | by Staff reporter
Bulawayo hotels, lodges fully booked, ZITF gym closed for regulars
Major hotels and lodges in Bulawayo are fully booked this week as over 4,000 delegates arrive for the Zanu-PF Annual National People's Conference, which starts today. While the official opening sessio...Published: 22 Oct 2024 at 07:59hrs | 403 | by Staff reporter
Zimbabweans slam US Embassy for downplaying impact of sanctions
Zimbabweans and international supporters have expressed outrage over the US Embassy's recent claims regarding the effects of sanctions on the country, demanding that the "illegal coercive measures" be...Published: 21 Oct 2024 at 14:16hrs | 583 | by Staff reporter
Is Zimbabwe about to create land oligarchs?
The government, through Information minister Jenfran Muswere, has announced a significant shift in land policy, declaring that state land, previously offered to local indigenous people under the "land...Published: 21 Oct 2024 at 11:06hrs | 705 | by Admire Maparadza Dube
Teaching Ndebele in Zimbabwe schools will have helped Shonas
There are times when you think you are spitting someone, when in fact, you are destroying yourself.One such instance was when Robert Mugabe and his colleagues in ZANU (before it became ZANU-PF...Published: 20 Oct 2024 at 12:21hrs | 287 | by Hopewell Chin'ono
Zimbabwe will not regret taking back land!
ON January 1, 1994, a group of indigenous Mexicans took up arms against their government in what became known as "the struggle of the Zapatistas".While the idea of an armed insurgency was quic...Published: 20 Oct 2024 at 12:19hrs | 74 | by Gibson Nyikadzino
SA constitution serves the elite and the neoliberal agenda
The MK Party has called for the scrapping of South Africa's constitution, claiming it serves the elite and the neoliberal agenda. The party, led by former president Jacob Zuma who was in the A...Published: 19 Oct 2024 at 19:59hrs | 257 | by Staff reporter
Zimbabwe paying Ian Smith regime debt used for fighting liberators
Zimbabwe has been burdened with a staggering $700 million debt incurred during the Ian Smith regime, primarily used for purchasing weapons to suppress liberation efforts, according to researcher and A...Published: 18 Oct 2024 at 10:25hrs | 913 | by Staff reporter
Zimbabwe govt keeps civil servants' salaries at 12% of GDP
The Zimbabwean government has announced that it will maintain civil servants' salaries at 12% of the gross domestic product (GDP), using GDP growth as the benchmark for future salary improvements. Thi...Published: 18 Oct 2024 at 08:52hrs | 2653 | by Staff reporter
Zimbabwe's SADC Chairmanship offers new opportunities
Zimbabwe's chairmanship of the Southern African Development Community (SADC) offers a prime opportunity for local businesses to shape the regional economic agenda and benefit from the African Continen...Published: 18 Oct 2024 at 08:38hrs | 127 | by Staff reporter
ZimAlloys resumes chrome smelting
ZimAlloys, a ferrochrome producer based in Gweru, has restarted its chrome smelting operations after an 11-year break, thanks to a US$7 million investment from Kuvimba Mining House. The company's revi...Published: 18 Oct 2024 at 08:37hrs | 184 | by Staff reporter
Taxes, fees to be paid in ZiG
The Zimbabwean Treasury is set to implement new measures requiring most taxes and fees to be paid exclusively in the Zimbabwe Gold (ZiG) currency, a move aimed at increasing demand and stabilizing its...Published: 17 Oct 2024 at 09:05hrs | 2522 | by Staff reporter
Mutapa to acquire drug producer CAPS Holdings
Zimbabwe's sovereign wealth fund, the Mutapa Investment Fund, is set to acquire local healthcare and drug manufacturing giant CAPS Holdings, despite a Supreme Court ruling earlier this year overturnin...Published: 14 Oct 2024 at 08:10hrs | 188 | by Staff reporter
Zimbabwe government's continued web of lies on ZiG gold-backing exposed!
Yesterday's statement, in a ZBC interview, by Reserve Bank of Zimbabwe Governor John Mushayavanhu has sparked confusion regarding the country's new currency, the Zimbabwean Gold (ZiG). The gov...Published: 11 Oct 2024 at 08:32hrs | 2298 | by Tendai Ruben Mbofana
It's time African leaders were barred from foreign medical care!
So, the people of Cameroon have no idea where their president is. Paul Biya, who is now the oldest head of state in the world, at 91 years old, has not been seen in public for the past three m...Published: 09 Oct 2024 at 10:51hrs | 1106 | by Tendai Ruben Mbofana
7 countries at risk of bankruptcy
About seven developing countries are currently in danger of facing bankruptcy or in need of a bailout due to piling debt which is slowly gearing towards a default level.Countries can file for ...Published: 09 Oct 2024 at 07:16hrs | 655 | by Staff reporter
The power crisis farce: Unpacking Mnangagwa's broken promise to Zimbabwe
Zimbabwe's power crisis has been a perennial problem, plaguing the country for decades.In August 2023, President Emmerson Dambudzo Mnangagwa proudly declared that the commissioning of the new ...Published: 08 Oct 2024 at 17:30hrs | 514 | by Tendai Ruben Mbofana
Chinese mining giant invests US$3.6 bn in Beitbridge venture
A groundbreaking US$3.6 billion energy industrial park is set to transform Beitbridge following a collaboration between the Government of Zimbabwe, Chinese mining firm Palm River Energy, and the Metal...Published: 07 Oct 2024 at 07:56hrs | 1349 | by Staff reporter
Mutapa assets valued at US$16bn
A comprehensive valuation of companies under the Mutapa Investment Fund (MIF), carried out by prominent local and international accounting firms over the past five months, has placed the total value o...Published: 06 Oct 2024 at 10:02hrs | 230 | by Staff reporter
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 05 Oct 2024 at 16:35hrs | 2670 | by Staff reporter
Mohadi attends inauguration of Mexico's first female president
Vice President Kembo Mohadi yesterday represented Zimbabwe at the historic inauguration of Mexico's first female president, Claudia Sheinbaum. The ceremony, held at the Legislative Palace of San Láza...Published: 02 Oct 2024 at 07:47hrs | 113 | by Staff reporter
'Mnangagwa's milestones shake Zimbabwe's political landscape'
President Emmerson Mnangagwa's transformative economic strategies and significant achievements have caused disarray within the opposition, pushing them toward early political retirement, according to ...Published: 30 Sep 2024 at 07:29hrs | 885 | by Staff reporter
Zimbabwe's government: The biggest threat to its own currency
The Reserve Bank of Zimbabwe's (RBZ) recent decision to devalue the Zimbabwean Gold (ZiG) by 50% has left the nation reeling. Overnight, the currency's value plummeted from 14 to 23.4 against ...Published: 29 Sep 2024 at 15:25hrs | 3366 | by Tendai Ruben Mbofana
Zimbabwe's Mutapa Fund clinches US$350m power deal
The Mutapa Investment Fund (MIF) has approved a significant joint venture valued at US$350 million between Indian firm Jindal Africa Investments and Zesa to refurbish six units at Hwange Thermal Power...Published: 29 Sep 2024 at 14:25hrs | 3245 | by Staff reporter
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