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Zimbabwe under pressure over debt clearance
Zimbabwe is facing increasing pressure to implement the key reforms demanded as part of the ongoing arrears clearance and debt resolution process. With international mediators aiming to conclude the p...Published: 26 Nov 2024 at 08:12hrs | 117 | by Staff reporter
ZSE rebases bourse to reflect ZiG
THE Zimbabwe Stock Exchange (ZSE) is re-basing all its indices following the introduction of a new currency, Zimbabwe Gold (ZiG), last week.ZSE said all the ZSE indices would be re-based to 10...Published: 09 Apr 2024 at 06:22hrs | | by Staff reporter
'Zimbabwe inflation rate at 747%'
ZIMBABWE'S annual inflation could be over 20 times higher than the official rate of 34,8%, an independent advisory estimated this week, as it gave glimpses into fundamentals behind deeper turbulence c...Published: 16 Feb 2024 at 15:22hrs | 2 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | | by Staff reporter
Secrecy surrounding resource-backed loans in Zimbabwe
IntroductionTO realize the aspirations of Vision 2030, Zimbabwe needs to invest US$2 billion in infrastructure development in five consecutive years to close the infrastructure asset gap, a hu...Published: 07 Dec 2023 at 05:29hrs | 15 | by Mbongeni Nhliziyo
Zimbabwe gold-backed digital token to cause accounting, auditing headache
The introduction of the Zimbabwe gold-backed digital token (ZiG) is posing a significant challenge for accounting and auditing professionals due to the uncertainty surrounding whether it should be cla...Published: 16 Oct 2023 at 06:11hrs | | by Staff reporter
Zimbabwe's 'rigged' inflation remains high at 18.4%
In September, Zimbabwe's annual inflation rate remained high at 18.4%, despite the adoption of a geometric aggregation method by the authorities for analyzing the consumer price index (CPI). The Zimba...Published: 29 Sep 2023 at 06:25hrs | | by Staff reporter
Zimbabwe: Chekhov's middle age monks
From a writer, critic, traveller, doctorI am reading selected letters of Anton Chekhov, the Russian writer, critic, traveller and medical doctor.The letters span a big chunk of his lif...Published: 17 Jun 2023 at 08:03hrs | 3 | by @Jamwanda2 On Saturday
Forex speculators to face disciplinary action
THE market should expect significant restoration of stability in the pricing of basic goods in response to comprehensive Government measures while disciplinary action will be swiftly meted against bus...Published: 23 May 2023 at 06:34hrs | 2 | by Staff reporter
'If Auxillia Mnangagwa does not want you at her events, then don't go'
DEPUTY Information Minister Kindness Paradza has told journalists not to force themselves on First Lady Auxillia Mnangagwa, who has developed a habit of hand picking reporters she wants and chasing so...Published: 20 May 2023 at 19:15hrs | | by Staff reporter
'Elections key for Zimbabwe's Commonwealth readmission'
ZIMBABWE'S elections in the next four months will decide the country's chances of being readmitted into the CommonwealthZIMBABWE'S elections in the next four months will decide the country's c...Published: 08 May 2023 at 06:14hrs | 1 | by Staff reporter
Businesses ditch Zimdollar
GOVERNMENT yesterday threatened to unleash the Financial Intelligence Unit (FIU) on retailers refusing payment in the local currency or limiting the number of items consumers can buy in Zimdollar, whi...Published: 28 Apr 2023 at 07:04hrs | | by Staff reporter
AfDB facilitates 3rd Structured Dialogue Platform meeting in Harare on Zimbabwe Arrears Clearance and Debt Resolution process
HARARE - Zimbabwe moved closer to resolving its debt issues last week as it hosted the third debt and arrears clearance structured dialogue platform meeti...Published: 04 Apr 2023 at 18:18hrs | 4 | by APO
Zimbabwe's monthly inflation goes negative
Monthly inflation went negative last month to -1,6 percent, meaning prices fell on average, according to ZimStat, the national statistics agency, using the new weighted consumer price index that takes...Published: 06 Mar 2023 at 05:14hrs | 1 | by Staff reporter
US tightens screws on Zimbabwe
A representative of the United States government has indicated that President Emmerson Mnangagwa's administration should satisfy sanctions conditions in full for Washington to approve its arrears clea...Published: 04 Mar 2023 at 10:22hrs | | by Staff reporter
A guide to index performance when trading
Trading on the Johannesburg Stock Exchange (JSE) can be a great way to diversify your investments, but it's important to understand how the JSE index performs in order to make informed decisions. ...Published: 23 Jan 2023 at 16:21hrs | 7 | by Moyo Roy
Econet among Africa's top 250 companies
Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have been named among Africa's top 250 companies by the African Business magazine.Every Year the African Business top 2...Published: 17 Jan 2023 at 16:21hrs | | by Staff reporter
Mnangagwa's 5-year tenure divides public opinion
THE history of Zimbabwe is etched on the fateful events of November 14 and 21, 2017 an eventful week that saw soldiers roll their tanks onto the streets of Harare, culminating in the forced resignatio...Published: 18 Nov 2022 at 05:22hrs | | by Staff reporter
Zimbabwe army, political elites negotiate shady, corrupt mining deals
COMMUNITIES across the country are being neglected in negotiating mining contracts with foreigners as the military and political elites take centre-stage for personal gain, an expert has said....Published: 28 Sep 2022 at 20:27hrs | 3 | by Staff reporter
American economics says ZimStat is run by a clown
UNITED States professor of applied economics at Johns Hopkins University in Baltimore, Maryland, and senior fellow at the Cato Institute, Steve Hanke, has fiercely hit back at the Zimbabwe Statistical...Published: 21 Aug 2022 at 10:05hrs | | by Staff reporter
US economist says ZimStat boss talking 'rubbish'
AMERICAN economics professor Steve Hanke, who came under fire in Zimbabwe on Wednesday for cooking inflation data, has described the criticism as "rubbish" and defended his controversial formula....Published: 19 Aug 2022 at 06:44hrs | | by Staff reporter
ZimStat debunks Steve Hanke's cooked data
TEMPERS flared over Zimbabwe's rioting inflation yesterday, with the country's chief statistician hitting out at an American economist and the media for querying the validity of data produced by his o...Published: 18 Aug 2022 at 06:46hrs | | by Staff reporter
Push for new route to the sea
IN a short four years, President Mnangagwa and his team have ushered in and carried out breathtaking reforms in our national economic management. He is scoring successes in all the fundamental...Published: 01 Aug 2022 at 06:33hrs | | by Monica Mutsvangwa
Crackdown on NGOs could impact election observation
Zimbabwe is pressing ahead with a controversial Bill that critics say seeks to criminalise the operations of non-governmental organisations (NGOs) working in the country.According to senior go...Published: 24 Mar 2022 at 05:29hrs | 7 | by IPS
How the West is plotting to exploit Africa
IF designs of global money are not stopped in their tracks, Africa is threatened with environmental degradation and nutritional poverty. If we, as Africans, do not begin to think deeply about what is ...Published: 15 Mar 2022 at 05:40hrs | 1 | by Linda Apollo
Bulawayo dominates provincial GDPs
The Zimbabwe National Statistics Agency (ZimStat) provincial gross domestic product (GDP) data shows that nominal GDP per capita was highest in Bulawayo province at $203 868 in 2020 followed by Harare...Published: 15 Mar 2022 at 05:30hrs | 2 | by Staff reporter
US funded NGOs ban a threat to Zimbabwe?
THE banning of non-governmental organisations through the proposed Private Voluntary Organisations (PVOs) Amendment Bill will have dire economic and political consequences for Zimbabwe that could spir...Published: 09 Mar 2022 at 07:36hrs | | by Staff reporter
CBZ to introduce exchange trade fund
CBZ Asset Management says it will introduce an exchange trade fund (ETF) tomorrow, which tracks the Zimbabwe Stock Exchange (ZSE) modified consumer staples index.This comes as the Securities a...Published: 02 Mar 2022 at 05:34hrs | | by Staff reporter
Biti says Mangudya is a fool
FORMER finance minister Tendai Biti has described the Reserve Bank of Zimbabwe governor as a fool, saying his monetary policies are insufficient to tame inflation.Biti said this in a scathing ...Published: 12 Feb 2022 at 16:44hrs | | by Staff reporter
Biti hits back at Mthuli Ncube
FINANCE minister Mthuli Ncube came under fire at the weekend after blowing his own trumpet following a controversial award that ranked him among Africa's top five treasury bosses.The award by ...Published: 23 Jan 2022 at 08:05hrs | 1 | by Staff reporter
Envoy slams Zimbabwe human rights record
HUMAN rights' issues must not be politicised as they remain fundamental to people's wellbeing, Netherlands ambassador to Zimbabwe Margret Verwijk has said.Speaking during an event at her resid...Published: 12 Dec 2021 at 20:12hrs | 6 | by Staff reporter
Shake-up at African Sun
AFRICAN Sun Limited (ASL) managing director Edwin Shangwa will leave Zimbabwe's largest hospitality chain at the end of this year following a surprise shake-up announced yesterday, which will also see...Published: 16 Nov 2021 at 05:42hrs | 1 | by Staff reporter
ZSE gains US$287bn
THE Zimbabwe Stock Exchange (ZSE) gained $286,760 billion in value during the third quarter of this year due to inflation hedging activities and increased retail investors participation, a report by O...Published: 01 Nov 2021 at 07:29hrs | 8 | by Staff reporter
Zimbabwe telcos facing resistance to more tariff increases
ZIMBABWE'S telecommunications firms desperately want to increase tariffs to counter rising costs stemming from the huge gulf between the official exchange rate and the one prevailing on the parallel m...Published: 24 Aug 2021 at 06:34hrs | | by Staff reporter
Zimbabwe loses US$20bn through non-traditional cartels
ZIMBABWE may have been prejudiced of US$20 billion over the years through corruption due to the acrid relationship between politics and economics that has seen the entrenchment of cartelism in the cou...Published: 12 Feb 2021 at 15:48hrs | | by Staff reporter
'Rushwaya gold could buy UniFreight, Zeco'
THE gold that underfire Zimbabwe Miners' Federation (ZMF) boss Henrietta Rushwaya allegedly tried to smuggle out of the country before running into an airport security trap about three weeks ago was e...Published: 14 Nov 2020 at 21:20hrs | | by Staff reporter
Zacc targets US$7 billion assets squirreled out of Zimbabwe
THE ZIMBABWE Anti-Corruption Commission (Zacc) says it is stuck with 36 applications for the forfeiture of corruptly acquired assets worth US$7 billion in the country as it has no capacity to do so....Published: 09 Oct 2020 at 10:21hrs | | by Staff reporter
Rushed Zim Dollar introduction cost the economy
The Zimbabwean government recently gazetted the Finance Bill (H.B.4 of 2020) which validates the fiscal changes that were tabled in the Mid-Term budget review in July 2020. The Bill amends the Gains T...Published: 22 Sep 2020 at 18:17hrs | | by Victor Bhoroma
Monthly inflation drops: ZimStat
ZIMBABWE's month-on-month inflation for July slid 18.22 percentage points to 21.04 percent showing a slowdown in increases in the prices of goods and services. In June, month-on-month inflation stood ...Published: 22 Aug 2019 at 07:35hrs | | by Staff reporter
Does Brother Mthuli Ncube live in Zimbabwe?
Hope is the expectation, against all rational considerations, that desires will be fulfilled miraculously.When the "new dispensation" was introduced in Zimbabwe, we hoped against past experien...Published: 18 Aug 2019 at 09:51hrs | | by Kennet Mufuka
Zimbabwe inflation calculation deferred till 2020
ZIMBABWE has suspended calculation and publication of annual inflation rates until February next year to rebase consumer prices indices, after reintroducing local currency, to ensure that the data ref...Published: 02 Aug 2019 at 08:17hrs | 1 | by Staff reporter
Mthuli Ncube needs to work his magic on inflation
ECONOMIC analysts expect Finance and Economic Development Minister Professor Mthuli Ncube to announce new measures to contain and bring Zimbabwe's galloping inflation under control when he presents hi...Published: 21 Jul 2019 at 10:03hrs | | by Staff reporter
Rainbow Tourism Group trading update
The company delivered a strong performance in 2018 achieving revenues of $34.3 million which was 27% above the prior year despite an increasingly challenging economic climate. This performance w...Published: 13 Jun 2019 at 07:00hrs | | by Rainbow Tourism Group
Mnangagwa's 'Open for business' mantra collapses
THE surprise move by major gold producer Metallon Corporation to sue the government over its failure to pay for gold deliveries commensurately has brought into sharp focus the country's continued fore...Published: 24 May 2019 at 07:31hrs | | by Staff reporter
Why Mnangagwa's anti-corruption crusade is fast-losing steam
The Judicial Service Commission (JSC) launched the special anti-corruption courts with fanfare slightly more than a year ago, but a cocktail of challenges is retarding the prosecution of graft-accused...Published: 28 Apr 2019 at 08:27hrs | | by Charles Laiton
US economist ranks Zimbabwe second most miserable country in the World
Are Zimbabweans truly miserable?“I have learned now that while those who speak about one's miseries usually hurt, ...Published: 02 Apr 2019 at 08:17hrs | | by Amenna Dayo
Chamisa's Statement to the Press
MDC Alliance President Nelson Chamisa's Statement to the Press on the 6th of March 2019 - Morgan Richard Tsvangirai HouseDefining a new course for Zimbabwe.(New Direction, New Ideas)Ba...Published: 06 Mar 2019 at 23:13hrs | 1 | by Adv. Nelson Chamisa
Zimbabwe situation needs proper strategic development plan
We lack basic fundamentals to fulfil the benchmark of legitimacy and credibility. We need to correct a lot of things on the ground. We have so much potential, we simply need to pass the legitimacy tes...Published: 18 Feb 2019 at 16:11hrs | | by Tinashe Eric Muzamhindo
Zimbabwe's January inflation hits 10,75%
The month on month inflation rate in January 2019 was 10,75 percent gaining 1,72 percentage points on the December 2018 rate of 9,03 percent. This means that prices of goods and services as me...Published: 18 Feb 2019 at 06:28hrs | | by Staff reporter
MDC blasts Mnangagwa
THE Nelson Chamisa-led MDC yesterday demanded to know the full reasons why the Job Whabira-led Zimbabwe Anti-Corruption Commission (Zacc) was disbanded as there were suspicions that the move was polit...Published: 02 Feb 2019 at 05:59hrs | | by Staff reporter
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