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Zimbabwe plans to build new city for the rich
A brochure depicts pristine walkways, towering high rises and shining malls - all to be shared by a multiracial coterie of well-heeled residents. Plans also call for a solar plant, an important draw f...Published: 27 Jan 2023 at 15:20hrs | 9999 | by Staff Reporter
Mnangagwa's nonentity on global stage leaving Zimbabweans' continued oppression largely unnoticed!
After the November 2017 military coup d'état - which ousted long-time dictator Robert Gabriel Mugabe, and ushering in his protégé Emmerson Dambudzo Mnangagwa as new president - the plight of oppres...Published: 27 Jan 2023 at 07:26hrs | 1753 | by Tendai Ruben Mbofana
'The Crocodile has not changed'
The leader of Zimbabwe's main opposition party has warned of violence and repression by the ruling Zanu-PF party to ensure victory in elections scheduled for later this year.In an interview wi...Published: 25 Jan 2023 at 10:34hrs | 595 | by Staff reporter
Zimbabwe's 'Obama' calls for lasting economic solutions
Aspiring presidential candidate and Democratic Union of Zimbabwe (DUZ) leader Robert Chapman has described economic policies by the government as gimmicks while calling for the ouster of the ruling pa...Published: 22 Jan 2023 at 13:04hrs | 279 | by Staff reporter
Headwinds ahead for Zanu-PF
NORTON Independent legislator Temba Mliswa remains a comical character but he is one you cannot afford to ignore.A rabble-rouser of note, he has been a thorn in the flesh of Zanu-PF ever since...Published: 21 Jan 2023 at 11:26hrs | 2591 | by Staff reporter
Scud to be revived
LISTED beverages producer, Delta Corporation Limited has said it is planning to revive its Scud beer brand to cover supply gaps on the market."There are ongoing efforts to optimise the availab...Published: 20 Jan 2023 at 06:42hrs | 1338 | by Staff reporter
Zimdollar further depreciates US$
THE Zimbabwe dollar has continued its freefall against the greenback, with results from the Reserve Bank of Zimbabwe (RBZ)'s foreign currency auction on Tuesday showing that it is trading at $732 to t...Published: 19 Jan 2023 at 07:31hrs | 1286 | by Staff reporter
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 | 388 | by Staff reporter
Sanctions choking Zimbabwe: Myth or reality?
"African politics is dogged by crises of legitimacy, monetised politics and corruption, personalised leadership, and lastly the sit-tight syndrome" notes the African Exponent. During an electoral seas...Published: 14 Jan 2023 at 16:33hrs | 594 | by Zvikomborero Sibanda
Business community slams BCC forex conversions
THE Zimbabwe National Chamber of Commerce and the Confederation of Zimbabwe Industries have accused the Bulawayo City Council of using a wrong formula to convert the 2022 and this year's tariffs to Un...Published: 13 Jan 2023 at 05:47hrs | 333 | by Staff reporter
Zimdollar loses grip against USD
THE local dollar lost its grip against the United States dollar at the Reserve Bank of Zimbabwe (RBZ)'s auction system, which resumed on Tuesday with the official exchange rate now pegged at US$1: $70...Published: 12 Jan 2023 at 07:38hrs | 1854 | by Staff Reporter
A random 10 political questions that will make 2023 an uncertain year
As the euphoria of the New Year begin to fed away, we have to wait to see whether it's clear that the trends we have been seeing over the last few decades show no signs of slowing down. You might say ...Published: 04 Jan 2023 at 01:08hrs | 1284 | by Farai Chirimumimba
Failed leadership with nothing to offer nation allows corruption in order to appease restless population!
It is no secret that Zimbabwe has become a lawless country! Whenever I move around, observing laws being openly violated at every turn - I always say to myself, 'Mnangagwa is really not in cha...Published: 27 Dec 2022 at 19:07hrs | 770 | by Tendai Ruben Mbofana
Crisis in Zimbabwe Coalition starts looking for money through fear mongering
The Crisis in Zimbabwe Coalition believes the country will have one of its bloodiest elections since independence in 1980.The group of more than 80 organisations, among them human rights bodie...Published: 18 Dec 2022 at 06:49hrs | 486 | by Staff reporter
Zimbabwe MPs scale up dollarisation campaign
PARLIAMENTARIANS have made a fresh call for the scrapping of the weakening local currency in favour of dollarisation.Speaking in Parliament on Wednesday, Pelandaba–Mpopoma legislator Charles...Published: 17 Dec 2022 at 12:12hrs | 207 | by Staff reporter
Analysis of the 2023 national budget
The Zimbabwean government presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The government expects to collect revenues totaling ZW$3.9 billion (18% of GDP), thus resulting...Published: 16 Dec 2022 at 00:15hrs | 809 | by Victor Bhoroma
Causes of food inflation in Zimbabwe
The World Bank recently released a report of the countries hardest hit by food inflation in the world. Zimbabwe tops that list with food inflation of 353% in the month of August 2022, beating Lebanon ...Published: 16 Dec 2022 at 00:11hrs | 1309 | by Victor Bhoroma
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 | 825 | by Victor Bhoroma
Tough foreign exchange regime suffocating economy
Zimbabwe's broad money supply has grown from just under ZW$364,60 billion as of September 2021 to more than ZW$1,920 trillion as of September 2022. This represents growth of over 426% over a period of...Published: 16 Dec 2022 at 00:02hrs | 408 | by Victor Bhoroma
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | 194 | by Victor Bhoroma
'Reserve Bank of Zimbabwe's forex auction shutdown inconsequential'
THE end of year closure of the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction for close to a month will not affect the market because most companies are self-sustaining, analysts said yesterd...Published: 14 Dec 2022 at 06:39hrs | 471 | by Staff reporter
Being placed into public office is not a 'financial breakthrough'!
Having become what were referred to as Boy Scouts in those days (now simply known as Scouts, since girls are now part of the movement) from a very tender age, I learnt some vital values and principles...Published: 13 Dec 2022 at 09:44hrs | 925 | by Tendai Ruben Mbofana
Zimbabwe public health collapse
The cries of doctors at Zimbabwe's largest public hospital appear to have fallen on deaf ears and an increasing number of health professionals are emigrating, resulting in a dearth of cancer treatment...Published: 11 Dec 2022 at 08:59hrs | 712 | by Staff reporter
Govt schools use parallel rate
WOES continue to mount on inflation-ravaged parents as government schools defy a ministry directive to peg school fees for the first term next year on the prevailing interbank rate.The Primary...Published: 09 Dec 2022 at 05:12hrs | 344 | by Staff reporter
Even a five year old can tell that Mnangagwa has failed!
I remember when my son was still a little child, in the early 2000s, whereby we had to give him millions of Zimbabwe dollars to buy sweets and 'freezits' ...Published: 07 Dec 2022 at 19:24hrs | 858 | by Tendai Ruben Mbofana
Zimbabwe's form 1 fees shocker
ZIMBABWEANS should brace for a steep rise in school fees next year after schools released enrolment fees for Form 1 places ranging at up to US$1 500 at some private schools.This comes after th...Published: 07 Dec 2022 at 05:08hrs | 1783 | by Staff reporter
Chamisa's CCC, Mnangagwa's Zanu-PF unite to 'loot' State coffers
GIVEN the fluidity of Zimbabwean politics, one can only second guess President Emmerson Mnangagwa's 2023 elections strategy.Cabinet ministers have been offered US$500 000 "loans" they have not...Published: 06 Dec 2022 at 05:09hrs | 428 | by Sibanengi Mswazi Dube
Reserve Bank of Zimbabwe bullish on inflation
THE Reserve Bank of Zimbabwe (RBZ) yesterday remained bullish that month-on-month inflation will remain stable below 3% throughout next year, despite indications last week that the country will use de...Published: 06 Dec 2022 at 05:03hrs | 203 | by Staff reporter
Reserve Bank of Zimbabwe keeps bank rate at 200%
THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has h...Published: 06 Dec 2022 at 04:58hrs | 155 | by Staff reporter
Govt delays payment to contractors
The delays in paying contractors is a result of the due diligence which the government has to carry out after some of them were charging extortionate prices, a cabinet Minister has said. Minis...Published: 05 Dec 2022 at 05:05hrs | 387 | by Staff reporter
Debt financing to fund 2023 budget
Finance minister Mthuli Ncube says debt financing will be used to fund the $4,5 trillion 2023 national budget, raising concerns about money supply growth.Treasury expects $3,9 trillion in reve...Published: 04 Dec 2022 at 08:11hrs | 82 | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1499 | by Respect Gwenzi
Mine fatalities spike in Zimbabwe
MINE fatalities have risen 37% in the year to date with 67 people having perished in mine-related accidents as mining firms, facing funding challenges, are bypassing protocols.On the other han...Published: 02 Dec 2022 at 19:31hrs | 140 | by Staff rteporter
Chiwenga calls Zimbabwe hotels to order
VICE-PRESIDENT Constantino Chiwenga has warned operators in the hospitality industry against charging exorbitant rates which he said contributed to economic instability.Officially opening the ...Published: 02 Dec 2022 at 05:04hrs | 8020 | by Staff reporter
Zimbabwe prices soar ahead of Christmas
ZIMBABWEANS face yet another bleak festive season as prices of basic commodities, mostly foodstuffs, continue to rise with retailers citing the current power outages as the main driver of price increa...Published: 02 Dec 2022 at 05:02hrs | 934 | by Staff reporter
Mthuli Ncube rules out income tax relief
FINANCE minister Mthuli Ncube (pictured) says raising the income tax threshold again after the previous one in August would have been too soon because widening this tax relief further is dependent on ...Published: 02 Dec 2022 at 04:58hrs | 477 | by Staff reporter
Concerns over Zimdollar depreciation
CHARTERED accountants have expressed concern over the loss of value of the Zimbabwe dollar which is proving a challenge when putting together financial statements.They fear this could lead to ...Published: 02 Dec 2022 at 04:58hrs | 493 | by Staff reporter
Zimbabwe fuel prices drop again
Fuel prices for both blend and diesel marginally dropped effective today, the Zimbabwe Energy Regulation Authority (ZERA) has said.The last review was on 23 November.In reviewing the c...Published: 30 Nov 2022 at 18:43hrs | 1011 | by Staff reporter
Old Mutual-backed tech hub trains start-ups on venture capital
Old Mutual Zimbabwe's corporate incubator and accelerator in Harare, Eight2Five Innovation Hub has collaborated with the US Embassy to bring a US Venture Capital expert, Dawn Batts to upskill local en...Published: 30 Nov 2022 at 17:44hrs | 269 | by Simbarashe Sithole
ZCTU blasts Mthuli Ncube's paltry 2023 budget tax free threshold
THE Zimbabwe Congress of Trade Unions (ZCTU) says Finance Minister, Mthuli Ncube's tax free thresholds in the 2023 National Budget are a blow for the workers who will continue to carry the yoke of ove...Published: 30 Nov 2022 at 05:09hrs | 551 | by Staff reporter
Zimbabwe's monthly and yearly inflation sustains significant decline
MONTHLY inflation for the period of November 2022 has declined to 1,8%, sustaining significant declines since the month of August, the Zimbabwe National Statistics Agency (Zimstat) reported Monday....Published: 29 Nov 2022 at 19:32hrs | 309 | by Staff reporter
Mthuli Ncube splurges cash on teachers, farmers
FINANCE minister Mthuli Ncube on Thursday allocated the highest vote of ZW$631.3 billion to the education ministry in an attempt to appease restive teachers ahead of next year's general elections....Published: 29 Nov 2022 at 18:00hrs | 12734 | by Staff reporter
'Mnangagwa's govt likely to print money to fund deficit'
ONE of Zimbabwe's top financial institutions, FBC Holdings Limited (FBC) says the 2023 National Budget announced last week will likely be funded by money printing, amid dwindling revenue options for T...Published: 29 Nov 2022 at 05:21hrs | 332 | by Staff reporter
Mthuli Ncube skating on thin ice
THE $4,5 trillion 2023 national budget presented by Finance minister Mthuli Ncube on Thursday has set tongues wagging.Firstly, $4,5 trillion is way above the $3,9 trillion projected revenue fo...Published: 28 Nov 2022 at 04:57hrs | 514 | by Staff reporter
Mnangagwa's govt hard-pressed to appease restless public sector workers
FINANCE minister Mthuli Ncube has proposed to increase the proportion of employment costs on state expenditure to 52.4% from 42.3% as the desperate government makes frantic efforts to appease the 300 ...Published: 27 Nov 2022 at 14:58hrs | 286 | by Staff reporter
Mthuli Ncube slashes Zimbabwe growth estimates to 4%
SOFTENING commodity prices on the international market have forced Zimbabwe's Treasury to cut economic growth projections for this year to 4% from 4.5% as the government's ambitious plan to build an u...Published: 27 Nov 2022 at 14:57hrs | 67 | by Staff reporter
Zimbabwe govt fails to make payments to white farmers
Zimbabwe is proposing changing the terms of a $3.5bn compensation deal signed with white former farmers two years ago, after twice missing agreed-to payments.The revised plan was part of finan...Published: 27 Nov 2022 at 14:56hrs | 217 | by Staff reporter
Gwanda residents cry foul over undelivered stands
OVER 300 Gwanda residents who purchased residential stands at Judds Farm in the Matabeleland South capital from a Harare-based land developer in 2015 have petitioned the council and government demandi...Published: 27 Nov 2022 at 14:53hrs | 95 | by Staff reporter
Govt okays forex only school fees
THE Government will not stand in the way of schools that decide to charge fees exclusively in foreign currency as long as there is consensus among parents and guardians of learners, an official has sa...Published: 27 Nov 2022 at 13:14hrs | 531 | by Staff Reporter
Ncube's 2023 budget will take 150 years to deliver upper middle income, forget Vision 2030. The maths do not lie!
The Zimbabwe economy has been in decline for the last 42 years, it shrunk staggering 50% in the period 2000 to 2008 alone fuelled by the hyperinflation, that soared to dizzying heights of 500 billion ...Published: 26 Nov 2022 at 21:28hrs | 714 | by Wilbert Mukori
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