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Zesa to hike electricity tariffs in line with interbank rates
STATE power utility, the Zimbabwe Electricity Supply Authority (Zesa) is mulling a tariff hike, it has emerged.This despite screams to the contrary following social media reports that Zesa was...Published: 19 hrs ago | 808 | by newzimbabwe
New telecoms tariffs loom
CONSUMERS of telecommunications services must brace for a significant increase in tariffs, which will further eat into their pockets.The director-general of the Postal and Telecommunications R...Published: 22 Mar 2019 at 16:23hrs | 427 | by Staff reporter
Govt use of violence on its own people is tragic
Continued from last weekWhile Mnangagwa's rhetoric on issues such as land reform, human rights, rule of law, improving the business climate and reducing corruption was all positive, there was ...Published: 22 Mar 2019 at 16:13hrs | 161 | by Ambassador Thomas-Greenfield
Zimbabwe telecom companies being ditched by foreign partners
Zimbabwe's telecommunications companies are being deserted by their foreign partners that service and upgrade their systems due to inability to meet payment obligations in foreign currency. Te...Published: 22 Mar 2019 at 06:20hrs | 394 | by Staff reporter
'Wages up $570 from $441' government announced - liar, liar down $228 from $441
"Government and civil servants yesterday sealed a salary accord after the employer improved its offer to the workers from $350 million to $400 million," reported Zimeye."This will translate to...Published: 21 Mar 2019 at 14:42hrs | 3507 | by Patrick Guramatunhu
Zimbabwe inflation to decline to 10%
Finance Minister Mthuli Ncube sees inflation - currently at 59% - declining to 10% by the end of the year.He is banking on slowing down money supply, liberalisation of the exchange rate and ot...Published: 20 Mar 2019 at 07:53hrs | 2871 | by Staff reporter
Revisiting the ZUPCO urban transportation model
The re-introduction of ZUPCO buses to ply urban routes in the aftermath of January fuel protests was a welcome move for most urban commuters. This is largely because commuter omnibus operators had tak...Published: 19 Mar 2019 at 13:58hrs | 3474 | by Victor Bhoroma
'Interbank market won't be manipulated'
Mechanisms have been put in place to ensure that the foreign currency interbank market will not be manipulated, Finance and Economic Development Minister Professor Mthuli Ncube has said. This ...Published: 19 Mar 2019 at 06:25hrs | 328 | by Staff reporter
Rhodesia was 'successful' because essentially it was a province of SA
This week, I am going to start by doing something that we journalists don't normally do. Often we think our duty is to criticise or point out wrongdoing but never to praise even when praise is due. Bu...Published: 18 Mar 2019 at 09:26hrs | 2279 | by Baffour Ankomah
Price stability key to economic recovery
"A more efficient management system of scarce foreign exchange is key to price stabilisation and business growth."According to the "Transitional Stabilisation Programme" (TSP), the aspirations...Published: 18 Mar 2019 at 06:52hrs | 462 | by Vince Musewe
'Currency floating brings stability'
The recent decision by the monetary authorities to float the currency and let the value be determined by market forces, has generated some form of stability, a renowned economist John Robertson has sa...Published: 18 Mar 2019 at 06:34hrs | 3150 | by Staff reporter
Mthuli Ncube wages war against surging inflation
Zimbabwe's annual inflation has risen to a 10-year high since hyperinflation, but month-on-month prices are beginning to drop as monetary reforms aimed at combating inflation, addressing foreign curre...Published: 17 Mar 2019 at 18:08hrs | 998 | by Staff reporter
Zimbabwe inflation rate surges to 59,4% in February
ZIMBABWE'S year-on-year inflation for February 2019 as measured by the all-items consumer price index (CPI)grew by 2,49 percentage points to 59,39% driven by food and non-alcoholic beverages, the Zimb...Published: 17 Mar 2019 at 08:47hrs | 311 | by Staff reporter
Why Zimbabwe is on the path to progress
Zimbabwe is on a journey of reform. Nobody ever said it wouldn't be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.The Tran...Published: 17 Mar 2019 at 08:45hrs | 548 | by Mthuli Ncube
All you need to know about Zimbabwe's new currency
Late in February, Zimbabwe introduced a new currency called the RTGS, or real-time gross settlement dollar, in the process abandoning its long held 1:1 parity between the US dollar and its local trans...Published: 15 Mar 2019 at 19:30hrs | 3355 | by Atff reporter
Mangudya forecasts RTGS$ equilibrium with US dollar
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya forecasts an exchange rate equilibrium between the Real-Time Gross Settlement (RTGS) dollar and the United States dollar on the inter-bank trading...Published: 15 Mar 2019 at 17:17hrs | 6637 | by Staff reporter
Time to feed hungry nation, not globetrotting
THE government is appealing for US$3,2 billion emergency assistance in the middle of a drought which is set to worsen the vulnerability of long-suffering Zimbabweans, the majority of whom are already ...Published: 15 Mar 2019 at 17:07hrs | 137 | by Owen Gagare
RBZ,Nat Foods strikes a deal
DIVERSIFIED milling firm, National Foods Limited, says it has struck a deal with the Reserve Bank of Zimbabwe to assume its legacy debt amounting to $54,9 million owed to one of its major grain suppli...Published: 15 Mar 2019 at 05:53hrs | 921 | by Staff reporter
Zimbabweans counting the cost of removing Mugabe
IN AN ideal world, the fall of Robert Mugabe as president of Zimbabwe was supposed to usher in a period of sustained economic growth and prosperity.Mugabe, 95, was toppled by his loyalists in ...Published: 14 Mar 2019 at 19:39hrs | 5045 | by Brighton Khumalo
Zimbabwe miners to pay 80% wage increase
Zimbabwe mining companies are to award a wage increase of just under 80% to mine workers, with the salary for the lowest-paid worker in the industry rising to about 480 RTGS dollars per month....Published: 14 Mar 2019 at 19:25hrs | 1199 | by Staff reporter
Chronic investor mistrust dogs Zimbabwe
Zimbabwe continues to suffer from investor mistrust and capital flight, as analysts cite lingering curremcy risks, policy inconsistences, high inflation and socio-economic instability among the factor...Published: 14 Mar 2019 at 07:42hrs | 327 | by Staff reporter
'Sanctions are shattering economic recovery' - stop madness, must be prudent lest spoil too many tomorrows
Tyrannical regimes have no respect of the law, fact, truth and reality. They will ignored well established historic facts that do not suit their narrative. In his recent article, "US sanctions shatter...Published: 14 Mar 2019 at 06:05hrs | 976 | by Wilbert Mukori
RTGS slides against the dollar
For investors who doubted Zimbabwe would let market forces determine the price of its new currency, there's evidence it's doing just that. The southern African nation's central bank has allowe...Published: 13 Mar 2019 at 22:47hrs | 7351 | by Staff reporter
SA, Zimbabwe discussing state-guaranteed bank loan
South Africa is considering more loans to Zimbabwe, including state-guaranteed funding from banks to support its northern neighbor's cash-strapped private sector.The facility is among a range ...Published: 12 Mar 2019 at 14:11hrs | 711 | by Bloomberg
'RTGS dollar to gain value'
FINANCE and Economic Development Minister, Professor Mthuli Ncube, says the country's financial situation is improving with the newly introduced RTGS dollar set to gain more value on the back of on-go...Published: 12 Mar 2019 at 05:59hrs | 2520 | by Staff reporter
RTGS dollar to devalue before tobacco auction - Mangudya
Reserve Bank governor John Mangudya on Monday said the exchange rate for the new transitional currency is unlikely to remain at 2.5 per U.S. dollar by the time tobacco auctions open next week, suggest...Published: 12 Mar 2019 at 05:54hrs | 2395 | by Reuters
Zimbabwe's Casino Economy: Extraordinary Measures for Extraordinary Challenges by Gideon Gono
The paperback novel written by Gideon Gono, revolves around the issues regarding his position as the Governor of the Reserve Bank of Zimbabwe and the opportunity Gono had to serve his president and th...Published: 11 Mar 2019 at 09:45hrs | 2502 | by Joe K
Mugabe to Mnangagwa: From frying pan into fire?
A time comes when overwhelmed Africans desperately desire to see a change in leadership and don't pay rapt attention to the details of the next leadership provided it is a new face. This despe...Published: 10 Mar 2019 at 13:51hrs | 3141 | by Omolola Lipede
Zimbabwe hits Mugabe replay button
The Zimbabwe government has scored a first for the country. But it won't win any applause for this milestone. Our tiresome neighbour has managed for the first time to charge a woman with treason....Published: 10 Mar 2019 at 09:11hrs | 826 | by Peta Thornycroft
Mangudya's RBZ tenure coming to an end
AS the curtain comes down on Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's five-year term of office, speculation has been rife on whether he will be handed another contract or not.Ma...Published: 10 Mar 2019 at 09:05hrs | 2453 | by Staff reporter
Mnangagwa must engage the 'bullies' to win this economic war
The United States of America (US), this week, once again tightened the noose on Zimbabwe when it extended sanctions against President Emmerson Mnangagwa's administration in a show of no confidence –...Published: 09 Mar 2019 at 12:30hrs | 1753 | by Staff writer
Zimbabwe's currency reform a step in the right direction says IMF
Zimbabwe's currency reform which resulted in the conversion of bond notes and all electronic money into a currency called the RTGS dollar, will mitigate the current economic woes, characterised by acu...Published: 09 Mar 2019 at 08:43hrs | 2365 | by FinX
Fostering gender equality by eradicating period poverty
Again, it is that day of the year when we commemorate International Women's Day, a day that we also take stock of the victories that have been won for girls and women so far. And again, there is not m...Published: 09 Mar 2019 at 08:41hrs | 195 | by Theresa Farai Nyava
Mthuli Ncube discusses his mission to turn around Zimbabwe's economy
NPR's Ari Shapiro talks with Zimbabwe's Finance Minister Mthuli Ncube about his mission to turn around his country's economy.ARI SHAPIRO, HOST: Zimbabwe's new president campaigned last summer ...Published: 09 Mar 2019 at 08:37hrs | 2440 | by Staff reporter
Fostering gender equality by eradicating period poverty
Again, it is that day of the year when we commemorate International Women's Day, a day that we also take stock of the victories that have been won for girls and women so far. And again, there is not m...Published: 08 Mar 2019 at 09:57hrs | 192 | by Theresa Farai Nyava
Zimbabwe's new currency, a maxi-devaluation
Until February 20, Zimbabwe produced a quasi-currency. It was dubbed a "Zollar". On February 20, the quasi-currency became Zimbabwe's official currency. This new currency is called RTGS dollars and co...Published: 08 Mar 2019 at 07:13hrs | 2071 | by Steve H Hanke
Zimbabwe's coup: Net gain or no gain?
The scene in downtown Harare, Zimbabwe, on 21 November 2017 was extraordinary.Thousands walked through the streets, cheering, waving Zimbabwean flags, greeting soldiers as heroes, and taking s...Published: 08 Mar 2019 at 07:12hrs | 830 | by Linda Thomas-Greenfield & Bruce Wharton: US Diplomats
Mnangagwa pays price for broken promises
Influential Americans have expressed disappointment with President Emmerson Mnangagwa and his government for failing to live up to their promises that were made when the country's former leader, Rober...Published: 07 Mar 2019 at 06:49hrs | 1072 | by Staff reporter
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 | 1041 | by Adv. Nelson Chamisa
ZITF hotel budget thrown off track as inflation sets in
Zimbabwe's largest exhibition company Zimbabwe International Trade Fair (ZITF) is planning to construct a convention centre and hotel to beat accommodation shortages experienced in the previous editio...Published: 06 Mar 2019 at 06:24hrs | 667 | by Staff reporter
Mthuli Ncube considers fuel tax cut
The government is considering lowering taxes on fuel to ease the burden on consumers following the liberalisation of the foreign exchange market last week. This is coming as the government is also pla...Published: 05 Mar 2019 at 07:54hrs | 7340 | by Staff reporter
Zimbabwe inflation hits 266%
International economist and currency expert Steve Hanke says Zimbabwe's inflation now sits at 266 percent following the Reserve Bank of Zimbabwe's recently-announced monetary policy.Just two w...Published: 04 Mar 2019 at 11:57hrs | 2060 | by Staff reporter
Can the interbank FX market end the black market?
The recent monitory policy statement announcement by the Reserve Bank of Zimbabwe (RBZ) paved way for the re-introduction of the Interbank Foreign Exchange market as recommended by industry captains w...Published: 04 Mar 2019 at 10:09hrs | 2314 | by Victor Bhoroma
Botswana credit line to Zimbabwe unpacked
The $95-million credit line to Zimbabwe is earmarked for the private sector and revival of struggling industries.Although this is a drop in the ocean to what Zimbabwe requires for total recove...Published: 04 Mar 2019 at 07:29hrs | 1007 | by DW
Zimbabwe urged to adopt currency board
ZIMBABWE should introduce an independent currency board which would stop the Reserve Bank of Zimbabwe (RBZ) from controlling the foreign currency exchange rate, an industry expert has said.In ...Published: 04 Mar 2019 at 07:25hrs | 1067 | by Staff reporter
Why Zimbabwe is fed up with using the U.S. dollar
A decade after Zimbabwe scrapped its own currency to tackle hyperinflation and began using instead mainly the U.S. dollar, the economy is back in free fall. Fuel and banknotes are hard to come by, les...Published: 03 Mar 2019 at 18:52hrs | 11889 | by Mike Cohen
WATCH: PANIC in Zimbabwe!
Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent news out of Zimbabwe as the country falls into further chaos following massive demonstrations in the streets ag...Published: 03 Mar 2019 at 18:50hrs | 6904 | by World Alternative Media
Zimbabwe drifts towards online darkness
One year after jubilant residents celebrated on the streets of Harare when Zimbabwe's army removed Robert Mugabe from power, the country is in darkness.In January, after days of protests over ...Published: 03 Mar 2019 at 18:26hrs | 893 | by Ray Mwayera
Beggar-thy-neighbour protectionist policy is decadent
Reports that the Zimbabwean government wants to liberalize fuel imports is a very significant development that will go a long way towards solving the country's artificial fuel shortages once and for a...Published: 03 Mar 2019 at 11:06hrs | 699 | by Colls Ndlovu
Mthuli Ncube tightens belt on spending
Government will operate below statutory requirements in borrowing from the Reserve Bank of Zimbabwe (RBZ) as it enhances its belt-tightening strategies in line with austerity measures announced in the...Published: 03 Mar 2019 at 01:28hrs | 1541 | by Staff reporter
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