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'We're winning (2023) Big! Faka pressure!' claim Chamisa - Doesn't even know who is piling what pressure and on whom?
For the first twenty years of our independence the nation trusted the late Robert Mugabe and his Zanu PF cronies whole heartedly, they were the liberation war heroes and heroines would could do no wro...Published: 05 Aug 2022 at 09:44hrs | 1372 | by Patrick Guramatunhu
Zimbabwe banking on gold to fight inflation
With inflation soaring in Zimbabwe and the country's currency in free fall as people abandon it for the US dollar, the government of President Emmerson Mnangagwa is fighting back with a novel strategy...Published: 31 Jul 2022 at 09:13hrs | 1143 | by Lesley Wroughton
Zimbabwe to host high-level forum on debt resolution
The Zimbabwean government said Thursday it will soon host a high-level debt resolution forum with development partners and other stakeholders aimed at building consensus among stakeholders on resolvin...Published: 29 Jul 2022 at 06:56hrs | 500 | by Staff reporter
Zimbabwe misses out on G7 stimulus package
ZIMBABWE missed out on a G7-backed multi-billion-dollar stimulus package designed to help countries of the global South weather economic shocks caused by the Covid-19 pandemic.The reason for t...Published: 25 Jul 2022 at 07:57hrs | 754 | by Staff reporter
Tsvangirai ex-advisor to run for president
One of late former prime minister Morgan Tsvangirai's ex-advisors Maxwell Shumba says he will contest the 2023 presidential elections using public welfare as his major selling point.The United...Published: 24 Jul 2022 at 10:02hrs | 1226 | by Staff reporter
Treasury yet to disburse US$30m industry bailout
TREASURY is yet to disburse about US$30 million it promised to industry under the Special Drawing Rights (SDR) to boost capacity utilisation and save some firms from total collapse.This was re...Published: 23 Jul 2022 at 07:32hrs | 61 | by Staff reporter
Zimbabweans have suffered long enough, says African Development Bank boss
THE African Development Bank (AfDB) says it has accepted to assist Zimbabwe's US$13,5 billion debt clearance plan partly because of the need to alleviate the country's citizens from the impact of extr...Published: 13 Jul 2022 at 07:26hrs | 12477 | by Staff reporter
AfDB to lead Zimbabwe debt clearance roadmap
AFRICAN Development Bank (AfDB) president Dr Akinwumi Adesina has formally accepted President Mnangagwa's request to lead Zimbabwe's debt clearance strategy, which is key for Harare to unlock fresh fu...Published: 13 Jul 2022 at 07:17hrs | 143 | by Staff reporter
'Chamisa could defeat the unreformed Mnangagwa'
ZIMBABWE has been reeling under a multifaceted economic and political crisis since 2000, and it appears there is no end in sight. Amid chronic high inflation, Zimbabwe is confronted with a crucial gen...Published: 12 Jul 2022 at 18:17hrs | 5566 | by Staff reporter
African Development Bank Group Chief in Zimbabwe to get Debt Clearance Plan Underway
HARARE - African Development Bank Group President Dr. Akinwumi Adesina arrived in Zimbabwe at the start of a two-day official visit to the country.Adesina accepted a request in February by the...Published: 12 Jul 2022 at 14:15hrs | 401 | by APO
ZimFund $23 Million Power Project Ready to Roll with Delivery of New Transformer
HARARE, Zimbabwe - An Emergency Power Infrastructure Rehabilitation Project funded by ZimFund, has reached the last leg of implementation with the deliver...Published: 12 Jul 2022 at 08:17hrs | 1042 | by APO
Zimbabwe's forex earnings to reach US$12 billion this year
ZIMBABWE registered US$4,9 billion of foreign currency inflows during the first five months of this year, and is on course to surpass the 2021 record of US$9,7 billion, a senior official has said....Published: 30 Jun 2022 at 06:43hrs | 384 | by Staff reporter
Zamco winds up operations
THE Zimbabwe Asset Management Company (Zamco) is winding up operations after it paid off, last year, the $1,2 billion it received from the Government to acquire Non-Performing Loans (NPLs).Zam...Published: 17 Jun 2022 at 08:14hrs | 39 | by Staff reporter
Zacc probes 22 cases of unexplained wealth
THE Zimbabwe Anti-Corruption Commission (ZACC) is investigating 22 cases of unexplained wealth involving externalisation of more than US$22 million. In a statement, ZACC said it was closely wo...Published: 15 Jun 2022 at 07:30hrs | 430 | by Staff reporter
'Timely IMF boost saved Zimbabwe'
A PAN African lender has ranked Zimbabwe among the biggest beneficiaries of the US$33 billion injected into the region's economies by the International Monetary Fund (IMF) last year.Africa Exp...Published: 14 Jun 2022 at 06:41hrs | 579 | by Staff reporter
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 4300 | by Victor Bhoroma
Zimbabwe abandons debt relief initiative
The Zimbabwe government has abandoned its plan to access a debt relief facility under the Highly Indebted Poor Countries (HIPC) initiative, meant to resolve its unsustainable debt, Business Times repo...Published: 02 Jun 2022 at 09:29hrs | 1155 | by Staff reporter
IMF warns against Zimbabwe war veterans compensation
THE International Monetary Fund (IMF) has warned that the government's decision to compensate war veterans could have a major strain on the country's debt overhang.This comes after the governm...Published: 27 May 2022 at 20:17hrs | 2233 | by Staff reporter
Zimbabwe's inflation back above 100%
Zimbabwe's annual inflation jumped to 131 percent in May – the highest it has been since June last year – as it responds to the massive devaluation of the local currency and runaway price increase...Published: 25 May 2022 at 17:22hrs | 1145 | by Staff reporter
ZANU PF MPs want 2023 elections postponed
With the party popularity nosediving from 51% in 2018 down to below 30% at present due to poverty, unemployment and poor economic policies, ZANU PF Members of Parliament (MPs) are sensing danger and w...Published: 25 May 2022 at 10:26hrs | 4646 | by John Mbizvo
'Zanu-PF uses State funds to buy votes'
LEGAL think-tank, Veritas says the Zanu-PF government is likely to ignore recommendations by the International Monetary Fund (IMF) to resuscitate the economy in favour of "populist" policies that will...Published: 25 May 2022 at 06:33hrs | 210 | by Staff reporter
ZANU-PF MPs want 2023 elections postponed
With the party popularity nosediving from 51% in 2018 down to below 30% at present due to poverty, unemployment and poor economic policies, ZANU PF Members of Parliament (MPs) are sensing danger and w...Published: 21 May 2022 at 16:05hrs | 465 | by John Mbizvo, Political Analyst
Professor Ncube says lending ban to prick the bubble
The ban on bank lending announced by President Mnangagwa at the weekend to ward off attacks on the Zimbabwe dollar, stabilise the exchange rate and rein in on rising inflation, is only a temporary mea...Published: 12 May 2022 at 06:27hrs | 376 | by Staff reporter
Mudenda criticises Bretton Woods institutions
The Bretton Woods institutions have been slammed for punishing African countries that seek to control and exploit their natural resources for the benefit of their nationals.Speaker of the Nati...Published: 12 May 2022 at 06:26hrs | 125 | by Staff reporter
Zimbabwe to miss 2022 GDP forecast
ZIMBABWE will most likely miss its 5,5% gross domestic product (GDP) forecast due to prolonged hyper-inflationary conditions as the country's local currency continues to tumble against the United Stat...Published: 11 May 2022 at 09:12hrs | 177 | by Staff reporter
Mnangagwa's scorecard after 4 years
THIS week had two special days - Workers Day and Press Freedom Day - they both had muted celebrations. Something has changed, the economy is not working and the two are now holidays threatened by exti...Published: 07 May 2022 at 06:20hrs | 1511 | by Paidamoyo Muzulu
Zimbabwe govt desperate for Western bailout
Zimbabwe has taken its begging bowl to the international community as it desperately seeks financial sponsors to help pay off nearly US$2.5 billion in external arrears owed to the World Bank and the A...Published: 30 Apr 2022 at 16:25hrs | 1063 | by Staff reporter
Mnangagwa pleads poverty
REVELATIONS that Zimbabwe is pushing to be classified a Heavily Indebted Poor Country (HIPC) as Harare seeks debt relief in what is effectively a volte-face on the long-held official aversion to the i...Published: 27 Apr 2022 at 13:37hrs | 281 | by Staff reporter
Mthuli Ncube holds talks with investors on USD bond
Finance and Economic Development Minister Professor Mthuli Ncube last week held a productive meeting with international investors who are keen to participate in the Government's US$100 million bond th...Published: 25 Apr 2022 at 08:49hrs | 575 | by Staff reporter
IMF applauds Zimbabwe on meeting NDS1 targets
THE International Monetary Fund (IMF) has applauded Zimbabwe for meeting the National Development Strategy (NDS1). This is revealed in the Zimbabwe Coalition for Debt and Development (Zim...Published: 18 Apr 2022 at 12:32hrs | 797 | by Stephen Jakes
ZAA UK releases nominee list
The Zimbabwe Achievers Awards (ZAA) on Friday announced the final nominees list for its UK 11th Anniversary Awards slated for May 28.The awards dinner gala will be held at Holiday Inn City, Bi...Published: 17 Apr 2022 at 09:11hrs | 94 | by Staff reporter
IMF raises red flag on murky Command Agric
THE International Monetary Fund (IMF) has expressed concern over the limited levels of transparency and accountability on the country's agriculture import substitution programme, widely known as Comma...Published: 16 Apr 2022 at 20:41hrs | 712 | by Staff reporter
Zimbabwe pushing to be classified a Heavily Indebted Poor Country
ZIMBABWE is pushing to be classified a Heavily Indebted Poor Country (HIPC) as the country seeks debt relief in what could be a volte-face on the long-held official aversion to the initiative, a new r...Published: 15 Apr 2022 at 19:22hrs | 1004 | by Staff reporter
Opposition leader kicked out of POLAD for raising rigging allegations, car seized
New Innovative Modernisation Front (NIMF) president Peter Munyanduri, who became famous for praising President Emmerson Mnangagwa after the contested 2018 elections, has been booted out of the Politic...Published: 14 Apr 2022 at 20:25hrs | 857 | by Staff reporter
IMF Calls for More Taxes as Citizens Face Cost-of-living-crisis
THE Zimbabwe Coalition on Debt and Development has revealed that the International Monetary Fund (IMF) has called for more taxes as citizens in Zimbabwe f...Published: 14 Apr 2022 at 08:09hrs | 1452 | by Stephen Jakes
World Bank and the IMF have remained largely colonial in character to this day
Most people assume that inequality between the global South and the global North (the United States, Western Europe, Japan, Canada and Australia) has been declining over the past few decades. After al...Published: 13 Apr 2022 at 07:43hrs | 374 | by Professor Jason Hickel
AfDB to launch new Zimbabwe fund
THE African Development Bank (AfDB) is set to unveil the Zimbabwe Fund for Transition (ZimFort) that will provide funding towards ICT, transport and agriculture sectors.ZimFort is a successor ...Published: 13 Apr 2022 at 06:40hrs | 237 | by Staff reporter
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 12 Apr 2022 at 16:50hrs | 631 | by Victor Bhoroma
Failure to compensate white farmers will result in Zimbabwe debt ballooning; IMF warns
ZIIMBABWE's failure to compensate white former farmers as per agreement will result in the country's public debt bulging, the International Monetary Fund (IMF) has warned.The Bretton woods ins...Published: 11 Apr 2022 at 07:56hrs | 917 | by Staff reporter
Zimbabwe debt burden to worsen, claims IMF
THE International Monetary Fund (IMF) has warned that Zimbabwe's debt burden will worsen considerably due to the country's inability to compensate its displaced white former farmers, and the Reserve B...Published: 11 Apr 2022 at 06:34hrs | 287 | by Staff reporter
Govt spending worries stakeholders
The Government of Zimbabwe's spending is worrying the stakeholders who are concerned over the lack of service delivery compared to how public funds are spent.Zimbabwe Coalition of Debt and Dev...Published: 06 Apr 2022 at 22:18hrs | 341 | by Stephen Jakes
Concerns over endless Zim debt escalates
Zimbabwe Coalition on Debt and Development (ZIMCODD) and the Zimbabwe Public debt Indaba (ZPDI) have said there are rising concerns over the deepeni...Published: 06 Apr 2022 at 06:59hrs | 425 | by Stephen Jakes
Zimbabwe to draw US$145 million IMF funds
SOME US$145 million from the US$960 million Special Drawing Rights released by the International Monetary Fund last year to cushion member States against the effects of the Covid-19 pandemic will be d...Published: 06 Apr 2022 at 06:24hrs | 167 | by Staff reporter
It's the economy, stupid!
Eons ago, in Bishop Lazi's village, there lived a pint-sized legend who was known far and wide.Everyone always surmised — and with good reason too — he had inherited the worst biological q...Published: 03 Apr 2022 at 08:20hrs | 107 | by Bishop Lazarus
Zimbabwe economy urgently needs tax reforms
For the fourth consecutive year, the Zimbabwe Revenue Authority (ZIMRA) has been exceeding budgeted quarterly and annual revenue targets (in ZW Dollar and in US Dollar terms). Even though the economy ...Published: 01 Apr 2022 at 12:40hrs | 1480 | by Victor Bhoroma
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 01 Apr 2022 at 12:34hrs | 1040 | by Victor Bhoroma
Stanbic posts impressive results for year end 2021
Leading financial services institution, Stanbic Bank has shrugged off the adverse effects of the COVID-19-induced lockdowns to post an inflation adjusted ...Published: 30 Mar 2022 at 08:12hrs | 472 | by Agencies
'Auction system creating fresh public debt'
ZIMBABWE'S foreign currency system could be creating fresh debts for Zimbabweans who could be forced to settle them in the future, former Finance minister Tendai Biti warned yesterday.Biti, wh...Published: 30 Mar 2022 at 07:24hrs | 293 | by Staff reporter
Russian invasion sends Zimbabwe fuel prices haywire
AS the Russian invasion of Ukraine continues with all the strategic geopolitical and economic consequences, the oil and fuel industry remains one of the most affected sectors.Fuel prices have ...Published: 27 Mar 2022 at 07:37hrs | 380 | by Staff reporter
US collects US$18bn fines from corrupt firms
THE United States of America (US) has collected over US$18 billion in fines from companies engaging in various corrupt activities across the globe since 2015.The companies were charged under t...Published: 26 Mar 2022 at 06:21hrs | 333 | by Staff reporter
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