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Government contractors warned against dishonesty
The Zimbabwe Construction and Allied Trades Workers Union (ZCATWU) has called on government contractors to stop abusing delayed payments from the Treasury as a justification for poor performance and d...Published: 07 Jun 2025 at 10:41hrs | 115 | by Staff reporter
Zimbabwe govt suppliers plot Treasury showdown at funeral parlour
In an extraordinary show of desperation, Zimbabwean government contractors used the funeral wake of one of their own last Thursday to plot emergency engagements with Treasury officials, warning that u...Published: 30 May 2025 at 12:11hrs | 554 | by Staff reporter
Zimbabwe central bank urges banks to increase ZiG lending
With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation h...Published: 01 Mar 2025 at 08:56hrs | 205 | by Staff reporter
Zimbabwe needs alternative to US$
Persistence Gwanyanya, a member of the Reserve Bank of Zimbabwe's (RBZ) Monetary Policy Committee, has underscored the urgent need for alternatives to the US dollar as a store of value, highlighting c...Published: 25 Oct 2024 at 14:40hrs | 567 | by Staff reporter
Finance Ministry blacklists 51 govt suppliers
The Treasury has blacklisted 51 government contractors for engaging in black market activities after receiving payments in local currency. Treasury boss Mthuli Ncube state...Published: 25 Jul 2024 at 12:48hrs | 878 | by Staff reporter
Zimdollar bloodbath set to continue into coming year
THE depreciation of the Zimbabwe dollar in 2023 is likely to spill into 2024, with experts forecasting an increase in the cost of doing business, production and increased pressure on the exchange rate...Published: 30 Dec 2023 at 16:33hrs | 13 | by Staff reporter
Bulawayo earmarks US$14 million for roads
The Bulawayo City Council (BCC) has allocated US$14 million for the restoration of the city's deteriorating road infrastructure, which has been plagued by potholes.The city's road network has ...Published: 23 Oct 2023 at 06:30hrs | 1 | by Staff reporter
Zimdollar shortage hits market
A serious shortage of Zimbabwe dollar has hit the market on fiscal and monetary policy measures amid fears the crunch will affect aggregate demand.The liquidity squeeze follows recent me...Published: 30 Jun 2023 at 16:08hrs | 1 | by Staff reporter
Mnangagwa claims economic sabotage by 'detractors'
PRESIDENT Emmerson Mnangagwa has warned elements which he claimed are working to derail the country's economic stability piling pressure on ordinary citizens as the country heads to polls in the next ...Published: 19 Jun 2023 at 06:38hrs | 1 | by Staff reporter
Zimdollar's black month
THE official auction and interbank exchange rates rose by about 100% and 150%, respectively, last month marking a significant depreciation of the Zimbabwe dollar, a new report has found.At the...Published: 05 Jun 2023 at 06:53hrs | 1 | by Staff reporter
Zimdollar tanks
THE ZWL value breached the US$1: ZWL1,000 mark on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction this week in a development moving towards closing the gap created by the official market r...Published: 20 Apr 2023 at 07:39hrs | 1 | by Staff reporter
Zanu-PF thrives on chaos
PHEW, what a chaotic start to the year!A dazed Zimbabwe dollar is wobbling precariously into an eventful 2023, as the authorities comically plead with government contractors to desist from tra...Published: 17 Jan 2023 at 05:50hrs | 13 | by Staff reporter
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 | 9 | by Victor Bhoroma
Mnangagwa's govt clamps down on foreign travel, hampers
THE practice of Government headquarters staff buying themselves hampers and vouchers has been blocked and the Ministry of Finance and Economic Development has insisted that any Government travel must ...Published: 07 Dec 2022 at 05:05hrs | | by Staff reporter
Civil servants get lion's share
SALARIES for civil servants are set to go up markedly after the Government allocated the biggest chunk of the 2023 National Budget towards the public sector wage bill to cushion workers from the negat...Published: 25 Nov 2022 at 05:05hrs | | by Staff reporter
Zimbabwe inflation drops to 269%
ZIMBABWE'S annual inflation rate dropped to 268,8% this month, as a series of novel measures including putting a stop to payments to most government contractors take effect.According to latest...Published: 26 Oct 2022 at 05:56hrs | | by Staff reporter
Zimdollar, US dollar exchange rate cleavage narrows
THE narrowing of the gap between parallel market and official exchange rates from an elevated level of 140 percent in May to current levels of between five percent and 15 percent is a significant move...Published: 29 Sep 2022 at 05:56hrs | | by Staff reporter
Zimbabwe's high inflation forecast to plunge to 3%?
ZIMBABWE's month-on-month inflation rate is expected to fall to three percent by year-end while the annual rate is seen dropping below 100 percent on the back of monetary and fiscal interventions the ...Published: 20 Sep 2022 at 06:02hrs | 2 | 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 | 2 | by Staff reporter
Zimdollar shortage hits market
A SHORTAGE of Zimbabwe dollar notes has hit the market, plunging companies and individuals into an acute liquidity crisis.Experts say the liquidity crunch has resulted from low demand for good...Published: 02 Sep 2022 at 06:51hrs | 9 | by Staff reporter
Zimdollar depreciation on parallel and RBZ markets eases
THE depreciation of the Zimbabwean dollar has begun to ease on both the parallel and official market following months of a sustained downward spiral which saw the local currency losing more than half ...Published: 18 Aug 2022 at 06:48hrs | 11 | by Staff reporter
'Fuel price drop must benefit consumers'
BUSINESSES should review prices of goods and services downwards in line with the recent decline in fuel prices, a Cabinet Minister has said.This comes as interventions by the Reserve Bank of Z...Published: 07 Aug 2022 at 08:16hrs | 2 | by Staff reporter
Factoring 'animal spirits' into Zimbabwe's economic discourse
John Maynard Keynes is considered by many to be the most consequential economist of the past century. Perhaps one of his boldest contributions to economics was postulating, perhaps correctly, that the...Published: 18 Nov 2021 at 19:02hrs | 20 | by Simbarashe Bepete
Trump pardons 15, commutes 5 sentences, including GOP allies
President Donald Trump has pardoned 15 people, including a pair of congressional Republicans who were strong and early supporters, a 2016 campaign official ensnared in the Russia probe and former gove...Published: 24 Dec 2020 at 05:10hrs | 3 | by AP
Chamisa boils as the year end
During the year just ending, Zimbabwe confirmed to the world, within a difficult context, the soundness of its institutions, the resilience of its economy and its attachment to national unity. Despite...Published: 23 Dec 2018 at 22:35hrs | 6 | by Dr Masimba Mavaza
Obama, congressional leaders "narrowed their differences"
US President Barack Obama and US congressional leaders have "narrowed their differences" but have not reached a budget deal aimed at averting a government shutdown, Republican House Speaker John Boehn...Published: 08 Apr 2011 at 00:58hrs | 1 | by Byo24News
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