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'Mnangagwa fails to honour promises'
ZIMBABWE is currently going through political and economic crises that have caused untold suffering to citizens. At the same time, factionalism appears to be devouring both the ruling Zanu-PF and oppo...Published: 3 hrs ago | 1195 | by Staff reporter
Mnangagwa spends $480m on Zupco, roller meal subsidies
THE government spent $480 million on the Zupco and roller meal subsidies in the first four months of 2020, but still managed to balance its budget over the period, Treasury data shows.Governme...Published: 8 hrs ago | 1322 | by staff reporter
'No bailout until implement reforms' says Paris Club - we're paying dearly for double Dutch
Zimbabwe is in this serious economic mess and political paralysis; having Zanu PF on the one hand and an equally corrupt, incompetent and utterly useless opposition on the other; because, for 40 years...Published: 14 hrs ago | 2021 | by Wilbert Mukori
Setback for Mthuli Ncube
THE Paris Club has spurned the Zimbabwean government's appeal for a bailout saying no financial assistance will be extended to Harare until satisfactory reforms implemented.Paris Club comprise...Published: 05 Jul 2020 at 15:08hrs | 6617 | by Staff reporter
Revenue increased 57% in one month and budget surplus became deficit - Ncube hocus pocus finance
In Minister of Finance, Professor Mthuli Ncube, Zimbabwe has Charles Dickens unsavoury Oliver Twist characters; Fagin, a conniving career criminal; Bill S...Published: 04 Jul 2020 at 05:50hrs | 2036 | by Patrick Guramatunhu
Zanu PF blames 'illicit market' plus usual suspects minus MDC for growing instability - 'It is the economy, stupid'
"The politics are being shaped from the market, it is as if we are being told, if you won't have MDC-Alliance for an opposition then we will create an opposition for you through illicit market activit...Published: 01 Jul 2020 at 22:06hrs | 2259 | by Nomusa Garikai
'Another coup in Africa'
Opposition parties in Zimbabwe have shared mixed feelings over the just ended Presidential elections in Malawi.On Saturday, the Malawi Electoral Commission (MEC) declared Dr. Lazarus Chakwera ...Published: 30 Jun 2020 at 13:27hrs | 6737 | by Daniel Itai, Harare, Zimbabwe
Mnangagwa courts unrest
Zimbabweans celebrated in their tens of thousands when the military ousted Robert Mugabe and installed Emmerson Mnangagwa as president. Two-and-a-half years later, the party is over.Mnanga...Published: 28 Jun 2020 at 08:13hrs | 778 | by Bloomberg
Zimbabwe economy run by master criminals fleecing the poor
Ordinary Zimbabweans have suffered for years as a result of currency manipulation and corruption by the elites who have siphoned US dollars away into their overseas bank accounts. Now, a recent ruling...Published: 28 Jun 2020 at 08:11hrs | 1453 | by Thandekile Moyo
Chinese have more rights in Zimbabwe than Zimbabweans: ZimFirst
The ZimFirst Leader Maxwell Shumba has expressed concerns that Chinese seem to be having more rights in Zimbabwe than the Zimbabweans.He made the remarks following reports that a Chinese emplo...Published: 26 Jun 2020 at 08:15hrs | 2282 | by Stephen Jakes
De-dollarisation recipe for disaster: Lessons from Peru
THE following are the numerous questions that need to be addressed about the Reserve Bank of Zimbabwe (legal tender) Regulations, SI 142.Has government addressed the fundamentals which lead to...Published: 26 Jun 2020 at 07:42hrs | 1614 | by Justice Dzama
How RBZ, govt sabotaged plans to restore Zimdollar
UNITED States $75 allowances and allowing retailers to trade in forex show a government shifting into reverse gear, possibly ditching two years' worth of policy steps to end dollarisation.The ...Published: 26 Jun 2020 at 07:26hrs | 6347 | by Staff reporter
'Zimbabwe needs bailout or political breakthrough'
Zimbabwe cannot revive its economy without an international bailout, but any bailout is most likely to come with political and economic conditions attached to it. This comes as the economy is forecast...Published: 24 Jun 2020 at 17:44hrs | 876 | by Staff reporter
Zimbabwe's economic collapse govt's own doing
PRESIDENT Emmerson Mnangagwa's claims that the deepening economic crisis is the work of his political detractors and greedy businesspeople reflect the government's failure to take responsibility for i...Published: 19 Jun 2020 at 08:25hrs | 1604 | by Staff reporter
Zimbabwe's economic crisis reach a breaking point
FORMER finance minister and MDCAlliance vice-president Tendai Biti says Zimbabwe, gripped by the twin crises of an imploding economy and the Covid-19 pandemic that have seen the International Monetary...Published: 19 Jun 2020 at 08:21hrs | 1983 | by Staff reporter
Let's pray against economic demons on National Day of Prayer
TOMORROW June 15, 2020 has been declared the Presidential Day of Prayer in the wake of the Covid-19 pandemic whose infections have spiked. After Zimbabwe recorded its first case on March 20, 2...Published: 14 Jun 2020 at 19:28hrs | 1084 | by Robin Mungate
For how long can Mnangagwa cling on to power?
It honestly did not have to come to this. Having suffered under Robert Mugabe's cruel pharaonic rule for the biblical 40 years, Zimbabweans desperately deserved a rescue. This explained their euphoria...Published: 14 Jun 2020 at 10:09hrs | 1182 | by Siphosami Malunga
Mnangagwa faces a people-powered change
Emmerson Mnangagwa told us the voice of the people is the voice of God. He didn't listen to either. Now he faces a people's power movement.This article was first published by ...Published: 10 Jun 2020 at 22:50hrs | 11188 | by Siphosami Malunga
Biti's six conditions for World Bank aid to Zimbabwe
Dear President Malpass IAM a senior official in Zimbabwe's largest opposition party and the chairman of the Parliamentary Public Accounts Committee, but I am writing to you today as a private ...Published: 10 Jun 2020 at 07:58hrs | 1915 | by Tendai Biti
Biti warns Mnangagwa
FORMER Finance minister Tendai Biti has warned President Emmerson Mnangagwa and his under-pressure government that the country is facing imminent implosion.Speaking in an interview with the Da...Published: 07 Jun 2020 at 16:38hrs | 8432 | by Staff reporter
Solving political turmoil key to addressing Zimbabwe's economic crisis
ZIMBABWE is experiencing one of its worst economic crises since independence characterised by cash and foreign currency shortages, fuel scarcities, rampant prices hikes, hyperinflation and increased v...Published: 07 Jun 2020 at 16:35hrs | 712 | by Staff reporter
3 000 ghost workers on Zimbabwe government payroll
TREASURY has struck off 3 000 names from Government's payroll after a recent headcount revealed thousands of ghost workers.The Public Service Commission (PSC) recently undertook a biometric re...Published: 07 Jun 2020 at 08:16hrs | 681 | by Staff reporter
Mnangagwa splurges millions on military chefs' cars
ZIMBABWE'S cash-strapped government has splurged millions of United States dollars on top-of-the-range vehicles, which include Toyota Hilux and Land Cruisers, for senior military officials at a time P...Published: 05 Jun 2020 at 09:25hrs | 16626 | by Staff reporter
Zimbabwe hyperinflation: ZASH the natural alternative
Covid-19 pandemic has been the worst crisis in this century. Many governments in the world are struggling to fight the pandemic which has drastically affected world economies. Global governments respo...Published: 31 May 2020 at 10:09hrs | 1335 | by Sammy ChiyazMan
Mthuli Ncube in catch-22 situation
THE provision of subsidies to small-scale gold miners in defiance of advice from the International Monetary Fund (IMF) has left the government in a quandary amid a rapidly deteriorating economy....Published: 29 May 2020 at 08:30hrs | 1826 | by Staff reporter
'Zimbabwe must get debt clearance from China'
FORMER State Enterprises and Parastatals minister Gorden Moyo has urged government to ask for debt cancellation from China so that the southern African nation could be able to contain the COVID-19 cur...Published: 29 May 2020 at 08:23hrs | 501 | by Staff reporter
Zimbabwe: IMF hammers country already on its knees
Mercifully, Zimbabwe's infection and death rates from Covid-19 are so far very low but the economy, already labouring under the effects of drought, has been hit by the lockdowns. Worse, the IMF has de...Published: 27 May 2020 at 07:12hrs | 696 | by Baffour Ankomah I New African Magazine
Fixed Exchange Rate: More harm than good
The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of 1 US Dollar to 25 Zimbabwean Dollars on the 26th of March 2020. Two weeks earlie...Published: 25 May 2020 at 13:24hrs | 1757 | by Victor Bhoroma
Let's clean our dirty stables!
AS human beings, we need to accept that there are often both comprehensible and incomprehensible life forces around us.Where Bishop Lazi comes from, for example, you cannot venture deep into t...Published: 24 May 2020 at 08:09hrs | 89 | by Bishop Lazarus
'Over-reliance on China to derail Zimbabwe recovery'
ZIMBABWE is highly exposed to any sharp economic slowdown in China due to what will likely be an overreliance on the Asian economic powerhouse for financial support.There are fears the escalating ...Published: 22 May 2020 at 07:17hrs | 523 | by Staff reporter
Mangudya likens money changers to coronavirus
RESERVE Bank of Zimbabwe governor John Mangudya (pictured) yesterday likened parallel market dealers to the coronavirus which is causing havoc to the economy. Appearing before the Parliamentar...Published: 21 May 2020 at 07:56hrs | 1328 | by Staff reporter
Vic Falls foreign exchange: A potential game Changer
The Zimbabwean government announced that it will soon launch the Victoria Falls Securities Exchange (VFEX) as part of a broader plan to turn the renowned resort town into an offshore International Fin...Published: 20 May 2020 at 20:51hrs | 2428 | by Victor Bhoroma
Vic Falls foreign exchange: A potential game Changer
The Zimbabwean government announced that it will soon launch the Victoria Falls Securities Exchange (VFEX) as part of a broader plan to turn the renowned resort town into an offshore International Fin...Published: 20 May 2020 at 14:39hrs | 2957 | by Victor Bhoroma
Mnangagwa using coronavirus as cover for arbitrary rule
Movement for Democratic Change (MDC) leader Nelson Chamisa warned that President Emmerson Mnangagwa "opened an avenue to arbitrary rule" when he extended the coronavirus lockdown for an indefinite per...Published: 19 May 2020 at 08:25hrs | 1804 | by Staff reporter
Please help, our daughter has been brutally assaulted by Zimbabwe Secret Service: Joanne Mamombe our girl-child!
Is this the rogue government that begged funding for coronavirus from international donors just last month of April, asking for forgiveness from the western donors for their past actions and insulting...Published: 15 May 2020 at 20:24hrs | 5043 | by Nomazulu Thata
EU refuses to fund Mnangagwa's administration
THE European Union (EU) has ruled out prospects of providing budgetary support to the broke Zimbabwean government, citing "massive misuse" of public funds as exposed by various audits and the failure ...Published: 15 May 2020 at 08:07hrs | 2196 | by Staff reporter
Chris Mutsvangwa guns for Vice Presidency?
Christopher Mutsvangwa claims to have been the brains behind the operation restore legacy which saw the removal of former President Robert Mugabe. Mutsvangwa was seen in a video celebrating th...Published: 12 May 2020 at 10:15hrs | 5152 | by Tinashe Matavire
COVID-19: Urgent Need for African Governments to Upgrade the Health Systems
Amid multifold theories and disinformation spreading around the COVID-19 in Africa, it is important for African governments to consider strengthening the existing health systems and infrastructures, a...Published: 11 May 2020 at 16:24hrs | 154 | by Kester Kenn Klomegah
No bailout for Zimbabwe: Mthuli Ncube
It sounds irrational and unpatriotic to have such wishes: never give Corona stimulus to Zimbabwean government for whatever reason. Mthuli Ncube admitted for the first time that Zimbabwe is heading for...Published: 10 May 2020 at 18:42hrs | 3661 | by Nomazulu Thata
A new voice in the face of the old guard
Before the 2017 coup and for decades, this country had been referred to as "robert Mugabe's Zimbabwe". Now with the late former president gone and his former lieutenants in charge, we need new names a...Published: 10 May 2020 at 08:16hrs | 605 | by Maxwell Zeb Shumba
'$18 billion stimulus to stoke inflation'
The government's $18 billion stimulus package to breathe life into the local economy battered by the effects of the coronavirus outbreak will worsen inflation because of lack of external funding, a fi...Published: 10 May 2020 at 08:09hrs | 401 | by Staff reporter
US warns World Bank on Zimbabwe
THE United States Senate has called on the World Bank to ensure the US$7 million grant to Zimbabwe for the coronavirus (Covid-19) fight is not abused by the ruling Zanu-PF party.This comes aft...Published: 08 May 2020 at 17:46hrs | 1056 | by Staff reporter
US tightens screws on World Bank's US$7m Zimbabwe COVID-19 grant
THE United States government has said the US$7 million grant extended to Zimbabwe by the World Bank (WB) will come with stringent accountability measures to ensure that it is not abused by President E...Published: 08 May 2020 at 00:39hrs | 4435 | by Staff reporter
World Bank donates US$7 million to Zimbabwe
The World Bank has announced that it will be donating US$7 million to Zimbabwe to help it fight the new coronavirus, Reuters has reported. The paper quoted the World Bank spokesman who sai...Published: 06 May 2020 at 19:19hrs | 1405 | by Mandla Ndlovu
Zimbabwe standing on its last leg, says Think Tank
NKC African Economics says that Zimbabwe's economy is on the verge of collapse and there is need for other countries to help resurrect it. NKC says that the coronavirus had worsened the situat...Published: 06 May 2020 at 08:09hrs | 4345 | by Staff reporter
Price controls, a clear path to market shortages
The Zimbabwean government passed a price moratorium (prize freeze) on the 22nd of April 2020. The moratorium compels retailers and producers to revert back to the prices that prevailed on the 25th of ...Published: 05 May 2020 at 08:09hrs | 894 | by Victor Bhoroma
Mnangagwa's $18 billion COVID-19 Package 'fictitious' says Biti
FORMER Finance Minister, Tendai Biti has described the government's recently announced ZW$18 billion COVID-19 Economic Recovery and Stimulus Package as ‘fictitious'.In a special address to t...Published: 05 May 2020 at 07:40hrs | 1436 | by newzimbabwe
Zimbabwe pleads for aid to avert 'collapse' and fight Covid-19
Zimbabwe has pleaded with international institutions to help it clear billions of dollars in debt arrears so the country can avoid economic collapse and unlock funds to fight the coronavirus pandemic....Published: 04 May 2020 at 11:05hrs | 1643 | by James Cotterill I Financial Times
'We are standing on the edge of the precipice' warned Mandaza - true, Zanu PF centric NTA will take us over the edge
"Today Zimbabwe stands on the edge of the precipice, and it is no time for prevaricating, but one for action. The political crisis must be addressed with urgency, and we can see no other way than the ...Published: 04 May 2020 at 08:45hrs | 3155 | by Wilbert Mukori
Gen Mujuru portrayal - valiant, but misdirected
George Shire, you are very right my revolutionary soul mate.There was a turning point way back in 1976 to 1977 at Chimoio in Mozambique. Robert Mugabe wrestled leadership.Clutching a f...Published: 03 May 2020 at 09:00hrs | 798 | by Amb Christopher Mutsvangwa
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