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Zimra records forex revenue upsurge
ZIMBABWE'S tax agency says United States dollar income and corporate taxes recorded strong growth during the quarter ending 31 December 2022 compared to prior comparative period as companies paid sala...Published: 04 Feb 2023 at 20:11hrs | 185 | by Staff reporter
Zimbabwe aims for top spot in carbon steel production
ZIMBABWE is now on a sustainable economic growth path following a number of interventions and is set to become one of the top carbon steel producers in sub-Saharan Africa in the next three years on th...Published: 30 Jan 2023 at 07:10hrs | 164 | by Staff reporter
RBZ takes charge of in-kind mining royalties
THE Reserve Bank of Zimbabwe (RBZ) will assume responsibility for collecting, holding, and managing reserve assets from the 50 percent in-kind mining royalties in line with the latest regulations whil...Published: 26 Jan 2023 at 07:32hrs | 86 | by Staff reporter
Ramaphosa complicit in brutalization of innocent Zimbabweans by regime!
Of late, South African President Cyril Ramaphosa has been making a lot of noise over supposed 'sanctions imposed on Zimbabwe'.He has used every opportunity to speak to both his local audience ...Published: 10 Jan 2023 at 17:33hrs | 760 | by Tendai Ruben Mbofana
Zimbabwean Economy expected to curve-in further into 2023
The Economic Intelligence Unit (EIU), a global team of Economists with over 70 years of experience in Economic analysis has predicted a continued fall in Zimbabwe's Economy together with the value of ...Published: 30 Dec 2022 at 17:41hrs | 1714 | by Mzingaye Nxumalo
Zimbabwe ranked one of the most 12 advanced countries in Africa
ZIMBABWE has been ranked one of the 12 most advanced countries in Africa on 11th position, due to its gross income from the informal sector which sustains the country's economy.In a recen...Published: 28 Dec 2022 at 20:59hrs | 1812 | by Staff reporter
Analysis of the 2023 national budget
The Zimbabwean government presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The government expects to collect revenues totaling ZW$3.9 billion (18% of GDP), thus resulting...Published: 16 Dec 2022 at 00:15hrs | 810 | by Victor Bhoroma
Government policy destroying the formal economy
Policy missteps and inconsistency has turned the Zimbabwean economy on its head against the formal sector, posing a threat to business continuity, domestic resource mobilization and formal employment....Published: 16 Dec 2022 at 00:06hrs | 825 | by Victor Bhoroma
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | 227 | by Victor Bhoroma
AfDB rallies support for Zimbabwe debt solution
When the African Development Bank (AfDB) president, Dr Akinwumi Adesina, speaks on the effects of devastating economic sanctions slapped on Zimbabwe over two decades ago by Britain and her western all...Published: 15 Dec 2022 at 00:21hrs | 609 | by Staff reporter
US removes 17 Zimbabweans from sanctions list, but country remains under sanctions
THE United States government has today removed 17 Zimbabweans from the illegal sanctions list while adding four people and two companies, as the clarion call for total and unconditional removal of the...Published: 14 Dec 2022 at 06:31hrs | 640 | by Staff reporter
Mnangagwa attends colourful Mbasogo inauguration
PRESIDENT Mnangagwa was among high profile dignitaries from several countries who joined thousands of local people here yesterday to witness the inauguration of Equatorial Guinea President, Teodoro Ob...Published: 09 Dec 2022 at 05:09hrs | 322 | by Staff reporter
Karo Mining's US$4,2bn Zimbabwe platinum project takes off
The Karo Mining Holdings (KMH), a Zimbabwean platinum group metal (PGMs) miner undertaking a US$4,2 billion project in Mhondoro, has commenced operations with the first ore expected in the processing ...Published: 08 Dec 2022 at 05:04hrs | 306 | by Staff reporter
Debt financing to fund 2023 budget
Finance minister Mthuli Ncube says debt financing will be used to fund the $4,5 trillion 2023 national budget, raising concerns about money supply growth.Treasury expects $3,9 trillion in reve...Published: 04 Dec 2022 at 08:11hrs | 82 | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1504 | by Respect Gwenzi
Bankers call for more taxes
BANKERS have urged Finance minister Mthuli Ncube to introduce sin-taxes to help grow the country's revenue base.In his presentation at a Parliament post-budget seminar on Monday, Bankers Assoc...Published: 01 Dec 2022 at 04:59hrs | 408 | by Staff reporter
Zimbabwe foreign debt now US$14.4bn
DEBT-RIDDEN Zimbabwe's total official Public and Publicly Guaranteed (PPG) debt is estimated at ZW$2.2 trillion for domestic debt and US$14 billion for external debt (including blocked funds of US$3.1...Published: 27 Nov 2022 at 14:58hrs | 266 | by Staff reporter
Mthuli Ncube slashes Zimbabwe growth estimates to 4%
SOFTENING commodity prices on the international market have forced Zimbabwe's Treasury to cut economic growth projections for this year to 4% from 4.5% as the government's ambitious plan to build an u...Published: 27 Nov 2022 at 14:57hrs | 67 | by Staff reporter
Mnangagwa's govt in $174 billion expenditure overrun
ZIMBABWE has reported a $174 billion expenditure overrun in the nine months of 2022 to September, latest figures show.Despite beating revenue collection targets for the nine months of 2022 by ...Published: 27 Nov 2022 at 14:54hrs | 84 | by Staff reporter
Mnangagwa's govt turns to Treasury bills, bonds
THE cash-strapped government is likely to print money to finance its $575,5 billion budget deficit, economic analysts warned yesterday after Finance minister Mthuli Ncube announced next year's $4,5 tr...Published: 25 Nov 2022 at 05:12hrs | 222 | by Staff reporter
Zimbabwe 5 years after Robert Mugabe - so, what has changed?
A climate of fear still lingers in Zimbabwe, five years after long-time ruler Robert Mugabe was deposed. As the country marks this milestone, few people are willing to speak openly about whether the g...Published: 22 Nov 2022 at 17:18hrs | 856 | by Staff reporter
Mnangagwa's govt to build new prisons
The GOVERNMENT is committed to upgrading prison facilities and building new prisons to improve living standards of inmates in line with global best practices in jails and correctional systems, Preside...Published: 20 Nov 2022 at 15:35hrs | 76 | by Staff reporter
Mnangagwa arrives for Matabeleland South visit
MATABELELAND South will be under the spotlight as President Mnangagwa is today expected to commission the Blanket Mine Central Shaft in Gwanda District during his two-day visit to the province....Published: 17 Nov 2022 at 05:04hrs | 337 | by Staff reporter
Mthuli Ncube backs budding artistes, describes arts sector as potential employer if capacitated
SEVEN-YEAR-OLD Sibonokuhle Sitsha is a young aspiring musician looking to make her name in the industry.But for all intents and purposes, this could very well be a dream that may not be attain...Published: 14 Nov 2022 at 05:10hrs | 85 | by Staff reporter
Zimbabwe seals 500MW power deal
The new 500 megawatt solar power station being built by Skypower Global in Zimbabwe moved closer to fruition yesterday as more detail was added to the investment deal on the sidelines of the UN Climat...Published: 09 Nov 2022 at 05:03hrs | 412 | by Staff reporter
Zimdollar dollar budget will fuel inflation
AFRICA Economic Development Strategies executive director Gift Mugano has warned that the proposed $3,4 trillion 2023 national budget will fuel inflation and deepen the economic crisis in the southern...Published: 08 Nov 2022 at 05:09hrs | 333 | by Staff reporter
Auxillia Mnangagwa should tell her husband that sanctions can't cripple a country's economy!
As Zimbabwe First Lady Auxillia Mnangagwa visits Iran, and is showcased the Islamic Republic’s phenomenal economic and scientific breakthroughs - amidst...Published: 07 Nov 2022 at 07:34hrs | 2691 | by Tendai Ruben Mbofana
Harare City Council demolishes houses in Tafara
HARARE City Council (HCC) yesterday demolished several "illegal" houses in New Tafara.Acting town clerk Phakamile Mabhena Moyo said the affected families had illegally settled themselves on a ...Published: 04 Nov 2022 at 05:29hrs | 769 | by Staff reporter
Mthuli Ncube shoots down $9 trillion budget bids by ministries
FINANCE Minister, Mthuli Ncube last week dismissed line ministries' 2023 budget bids of $9 trillion, saying the proposed figures were too high unless government was to borrow.The minister told...Published: 31 Oct 2022 at 05:03hrs | 635 | by Staff reporter
Bulawayo residents boycott anti-sanctions campaign
THE anti-sanctions provincial campaign scheduled for Bulawayo Tuesday attracted a paltry crowd with ordinary citizens and opposition parties boycotting the event.The function, which was initia...Published: 26 Oct 2022 at 06:02hrs | 1111 | by Staff reporter
Zimbabwe can be a financial hub
MAURITIUS Finance chief operating officer Vinod K. Bussawah, who is also chairperson of Harare-based financial advisory firm Bard Santner Markets Inc, says Zimbabwe can become a regional financial hub...Published: 23 Oct 2022 at 17:21hrs | 354 | by Staff reporter
Zimbabwe economy grew 9%
ZIMBABWE'S statistical agency says the economy grew by a staggering 8.5% last year from a decline of 7.8% in the prior year, exposing a wide discrepancy between official figures and those computed by ...Published: 23 Oct 2022 at 17:18hrs | 470 | by Staff reporter
World Bank commends Mthuli Ncube's bold economic reforms
GLOBAL financier, the World Bank (WB) has heaped praise on Zimbabwe for continuously implementing bold economic reforms more recently saying the initiatives had positioned the economy for a sound perf...Published: 16 Oct 2022 at 19:23hrs | 497 | by Staff reporter
If Mnangagwa is unable to explain 'sanctions on Zimbabwe' then just how real are they?
Did you know that countries that have genuine economic sanctions imposed on them by world powers, oftentimes, actually deny their true impact on the affected nation's economy?Why?Simpl...Published: 10 Oct 2022 at 06:12hrs | 581 | by Tendai Mbofana
Property upgrades transforming Bulawayo's economy
BULAWAYO is experiencing growth in corporates and property owners who are renovating old business premises and opening new facilities in a bid to align their operations with the latest business trends...Published: 10 Oct 2022 at 06:07hrs | 263 | by Staff reporter
If Mnangagwa unable to explain 'sanctions on Zimbabwe' then just how real are they?
Did you know that countries that have genuine economic sanctions imposed on them by world powers, oftentimes, actually deny their true impact on the affected nation's economy?Why? Simp...Published: 09 Oct 2022 at 20:54hrs | 493 | by Tendai Ruben Mbofana
Mining companies in Zimbabwe to pay royalties in the form of minerals
MINING companies in Zimbabwe will now pay royalties to the government in the form of minerals as a percentage of the mined resources effective October 1, President Emmerson Mnangagwa has said....Published: 09 Oct 2022 at 11:02hrs | 917 | by Staff reporter
'Allocate more funds for Nkayi projects'
GOVERNMENT has been urged to increase funding in the 2023 budget to ensure speedy completion of the Bulawayo-Nkayi Road and Ziminya Dam projects, which would enhance economic activity and create more ...Published: 04 Oct 2022 at 06:08hrs | 182 | by Staff reporter
Why Zanu-PF is not so successful after 2001
Last Sunday I tried to answer the question, Why Was Zanu/Zanu PF so successful in the 1970s, 1980s and 1990s. This week I concentrate on why is Zanu-PF not so successful after 2001...Published: 03 Oct 2022 at 19:55hrs | 730 | by Fay Chung
The importance of parastatals
WHEN State-managed institutions work well they are often not recognised or rewarded and are taken for granted. When they fail, everyone suffers the consequences.At independence in 1980, 40% of...Published: 27 Sep 2022 at 05:53hrs | 152 | by Eddie Cross
Are African leaders incredibly daft or deliberately pretending unaware why Zimbabweans are truly suffering?
The past week has been eventful as far as calls for 'sanctions imposed on Zimbabwe should be removed', by various, mostly southern African leaders.Firstly, it was the South African President C...Published: 24 Sep 2022 at 07:39hrs | 1664 | by Tendai Ruben Mbofana
12 Matebeleland dams set for fisheries programme
MATEBELELAND fish farmers are set to benefit from the Government's fisheries programme after 12 dams from the region were targeted for the Presidential Fisheries Programme that will involve 50 000 far...Published: 23 Sep 2022 at 05:48hrs | 206 | by Staff reporter
3,000 hectares of wheat in Mat North
FARMERS in Matabeleland North have increased their wheat hectarage from last year's 950 hectares to about 3 000 hectares as the province moves towards enhancing the country's food security and attainm...Published: 22 Sep 2022 at 05:57hrs | 82 | by Staff reporter
IMF rules out loans for Zimbabwe
An International Monetary Fund (IMF) staff team led by Dhaneshwar Ghura conducted a staff visit in Harare during September 12–19, 2022, to discuss recent economic developments and the economic outlo...Published: 20 Sep 2022 at 18:46hrs | 817 | by Staff reporter
Zimbabwe fine-tunes free basic education mode
BUILDING towards sustainable education, Government has come up with self-financing mechanisms for higher and tertiary education while plans are afoot for free basic education starting next year, Presi...Published: 20 Sep 2022 at 06:03hrs | 172 | by Staff reporter
Zimbabwe road carnage claiming 5 people every day
Five people die through road traffic accidents in Zimbabwe every day while the country loses US$406 million per year to the carnage, Transport and Infrastructural Development minister Felix Mhona has ...Published: 16 Sep 2022 at 19:00hrs | 331 | by Staff reporter
Zimdollar exchange rate stability false, economists warn
ECONOMISTS yesterday warned that the current exchange rate stability, which is largely a result of local currency shortages on the market is "false" and will be short-lived.Economist Eddie Cro...Published: 15 Sep 2022 at 05:55hrs | 1289 | by Staff reporter
Masisi hail Mnangagwa's stance
BOTSWANA President Mokgwetsi Masisi has hailed his Zimbabwean counterpart, President Emmerson Mnangagwa's resolve to curb stocktheft and spread of animal diseases like foot and mouth along the two cou...Published: 03 Sep 2022 at 19:15hrs | 506 | by Staff reporter
A truly selfless leader would sacrifice himself for the sake of the country - so why doesn't Mnangagwa?
Zimbabwe's ruling elite just love lecturing us about sacrifice - touting themselves as the epitome of selflessness and devotion towards the nation - whom, at some point in their lives, were ready to d...Published: 02 Sep 2022 at 06:49hrs | 331 | by Tendai Ruben Mbofana
Mnangagwa moves to calm Zimbabwe investors
PRESIDENT Emmerson Mnangagwa this week moved to calm market concerns over the obtaining business climate, as he gave fresh undertakings to iron out hurdles to investment under his "Zimbabwe is Open fo...Published: 26 Aug 2022 at 20:47hrs | 637 | by Staff reporter
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