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Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 24 hrs ago | 6536 | by Staff reporter
Kariba Dam levels worsen
The Zambezi River Authority (ZRA) has reported that severe rainfall shortages and the El Niño-induced drought of the 2023/24 season continue to impact water levels in Lake Kariba.As of this y...Published: 28 Aug 2024 at 10:19hrs | 430 | by Staff reporter
Zimbabwe foreign currency remittances hit US$1,2 billion
FOREIGN currency remittances surged by 16,5% to hit a record US$1,2 billion in the first half of 2024 leaving diasporans standing out as lucrative foreign currency earners for the economy.The ...Published: 26 Jul 2024 at 06:39hrs | 514 | by Staff reporter
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 62 | by Dr Bekithemba Mpofu
Zimbabwe has lost over 800MW at Kariba
Energy and Power Development minister Edgar Moyo addressed Parliament regarding the current power supply crisis in Zimbabwe, attributing it to hydrological challenges at the Kariba South Hydroelectric...Published: 24 Jun 2024 at 07:06hrs | 8 | by Staff reporter
Bulawayo facing a severe water crisis
Bulawayo is facing a severe water crisis, with its supply dams at just over 33% capacity. The city council has already decommissioned Umzingwane Dam and warns that Upper and Lower Ncema dams will also...Published: 16 Jun 2024 at 09:09hrs | | by Staff reporter
Bulawayo tightens water rationing
THE Bulawayo City Council has further tightened its water rationing regime and introduced punitive fines for those exceeding daily expected limits.The stringent measures contained in the lates...Published: 09 Jun 2024 at 09:09hrs | 15 | by Staff reporter
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 7 | by Dr Bekithemba Mpofu
Mnangagwa says Zimbabweans must not be shy to make money
Zimbabweans should not hesitate to make money, as the government has created a conducive environment for economic success, President Emmerson Mnangagwa stated.Speaking at the commissioning of ...Published: 18 May 2024 at 10:59hrs | 8 | by Staff reporter
Strategic Analysis of Zimbabwe's Monetary Policy and Its Implications on the Real Estate Sector
Introduction The Reserve Bank of Zimbabwe unveiled a new monetary policy aimed at stabilizing the country's currency and economy. The policy focuses on ...Published: 07 Apr 2024 at 09:17hrs | | by Dr Bekithemba Mpofu
Bulawayo to decommission 2 more dams as Gwayi-Shangani stalls
BULAWAYO City Council (BCC) has warned that Upper Ncema and Lower Ncema will likely be decommissioned in about six months, a development set to further worsen the city's already dire water situation....Published: 20 Mar 2024 at 06:33hrs | 1 | by Staff reporter
Bulawayo's 120-hour water shedding to continue
BULAWAYO residents will continue receiving water for only two days per week, as water levels continue to dwindle at major supply dams due to drought, with the possibility of further tightening of the ...Published: 13 Mar 2024 at 05:07hrs | 1 | by Staff reporter
Southern Africa just had its driest February on record
A swathe of Southern Africa suffered the driest February in decades that wiped out crops, precipitated power shortages and threatened to send already high food prices surging further.Last mont...Published: 11 Mar 2024 at 17:10hrs | 3 | by Staff reporter
Kariba Dam runs dry?
Zimbabwe and Zambia - already struggling with food shortages - are now reeling from low power generation at the Kariba power station due to the same underlying cause: El Niño.The climate syst...Published: 08 Mar 2024 at 05:14hrs | 4 | by Staff reporter
Zimbabwe faces crippling power outages
ZIMBABWE faces crippling power cuts after the Zambezi River Authority (ZRA) announced that water levels at Lake Kariba have slightly decreased compared to the recordings made last year during the same...Published: 08 Mar 2024 at 05:09hrs | | by Staff reporter
Diarrhoea outbreak hits Bulawayo
BULAWAYO residents have been urged to exercise extreme caution and adhere to strict hygiene standards following reports of a diarrhoea outbreak linked to water shortages, with Cowdray Park suburb bein...Published: 06 Mar 2024 at 04:49hrs | 1 | by Staff reporter
Bulawayo's worst water crisis in decade
BULAWAYO could face its worst water crisis in the past 10 years, with statistics at hand showing that its supply dams are in the red, a few weeks before the official ending of the rainy season in Zimb...Published: 03 Mar 2024 at 08:47hrs | 1 | by Staff reporter
Zinara to roll out expensive e-tolling system
THE Zimbabwe National Road Administration (Zinara) will begin rolling out e-tolling before the end of the year to improve efficiency, motorists' convenience and reduce operational costs.E-toll...Published: 29 Feb 2024 at 04:59hrs | | by Staff reporter
Coltart hails Bulawayo water crisis 'consensus' meeting
Bulawayo mayor David Coltart said there was now a "broad consensus" to solve the city's perennial water problems after a meeting with water minister Anxious Masuka on Wednesday.Coltart has bee...Published: 28 Feb 2024 at 18:45hrs | 16 | by Staff reporter
Bulawayo water crisis worsens
BULAWAYO is sitting on a health time bomb as the city's water woes continue to mount with most suburbs going for weeks without running tap water, forcing residents to resort to unhygienic water source...Published: 27 Feb 2024 at 03:06hrs | | by Staff reporter
A life-giving greenbelt in Matabeleland South
AMID the anxiety and disillusionment occasioned by projections of below-normal rains in the 2023-2024 summer cropping season due to the El Niño weather phenomenon, some farmers opted not to plant any...Published: 25 Feb 2024 at 07:07hrs | | by Staff reporter
Bulawayo's supply dams now 'terribly' low
Bulawayo Mayor, Councillor David Coltart says the city's supply dams are now "terribly" low due to low inflows, a situation that is causing a major water crisis compounded by rising temperatures....Published: 21 Feb 2024 at 20:46hrs | | by Staff reporter
Bulawayo resident to experience long periods without water
BULAWAYO residents are expected to experience long periods without water as repairs and maintenance that were being done at Ncema Water Works have taken longer than anticipated.The council is ...Published: 20 Feb 2024 at 05:03hrs | | by Staff reporter
Zimbabwe records jump in investment proposals
Zimbabwe saw a massive growth in the value of proposed investments in the fourth quarter of 2023 despite approving fewer new investor licenses, according to the Zimbabwe Investment and Development Age...Published: 16 Feb 2024 at 04:56hrs | | by Staff reporter
Bard Santner sets up New York office
HARARE - Local financial services firm Bard Santner Inc has set up an office in New York, United States, in a move to attract capital investment and transaction opportunities offshore.The comp...Published: 15 Feb 2024 at 18:42hrs | 8 | by Staff Reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | | by Staff reporter
Zimbabwe to use gold to back its currency
Zimbabwe is working on new measures to stabilise its local currency including linking the exchange rate to hard assets such as gold and creating a currency board, Finance Minister Mthuli Ncube said on...Published: 12 Feb 2024 at 11:31hrs | 1 | by Staff reporter
Lake Kariba water levels rise
Lake Kariba water levels have been rising steadily from localised rains, doubling 2023 levels over the same period, raising hopes of increased water available for power generation.With the Sou...Published: 30 Jan 2024 at 18:43hrs | | by Staff reporter
Zimdollar flounders
Zimbabwe's central bank will hold its first rate-setting meeting of the year next Monday as it seeks to deal with a currency rout.The monetary policy committee will meet "to discuss interventi...Published: 25 Jan 2024 at 06:37hrs | | by Staff reporter
Zimbabwe, UK enter new trade era
THE influential Westminster Africa Business Group has expressed its interest to set up camp in Zimbabwe and open doors for British investments to come into the country.This comes as Zimbabwe h...Published: 24 Jan 2024 at 04:48hrs | | by Staff reporter
Fresh measures to prop up Zimdollar
The GOVERNMENT is set to unveil new interventions, which may include reforming the foreign currency auction system and boosting foreign currency supply in the market, to deal with the recent volatilit...Published: 21 Jan 2024 at 07:27hrs | | by Staff reporter
Zimdollar further tumbles against US dollar
The cost of goods and services keeps on increasing in Zimbabwe as the local currency depreciates against the U.S. dollar, a trend that accelerated at the beginning of 2024.The local dollar, which ...Published: 18 Jan 2024 at 17:52hrs | | by Staff reporter
15 dams full, levels rise except in Matebeleland region
AT least 15 of the country's major dams are now full following the good rains received across the country in recent weeks with Lake Chivero in Norton already spilling, a Zimbabwe National Water Author...Published: 12 Jan 2024 at 04:59hrs | 3 | by Staff reporter
Zimdollar plunges 40% on black market
Zimbabwe's dollar has started the new year on the back foot, plunging more than 40% on the parallel market, as high demand for foreign-exchange continues to outstrip supply.A range of factors,...Published: 11 Jan 2024 at 15:21hrs | 6 | by Staff reporter
Met Dept issues heavy rains alert
HEAVY rains are expected across much of the country for the next seven days from today to Wednesday next week, the Meteorological Services Department forecasts, as the Inter-Tropical Convergence Zone ...Published: 11 Jan 2024 at 05:12hrs | | by Staff reporter
Currency turmoil returns in Zimbabwe
Zimbabwe's dollar has started the new year on the back foot, plunging more than 40% on the parallel market, as high demand for foreign-exchange continues to outstrip supply.A range of factors,...Published: 10 Jan 2024 at 05:57hrs | 5 | by Staff reporter
Zimbabwe power outages a reflection of subdued generation
Many of the recent power outages have arisen from faults since generation capacity is up and many private businesses have reduced their demand on the grid by installing solar panels, Energy and Power ...Published: 10 Jan 2024 at 05:37hrs | 3 | by Staff reporter
Umzingwane Dam decommissioned
THE Bulawayo City Council has decommissioned Umzingwane Dam as its water levels are very low due to poor inflows during the last rainy season. The decommissioning process entails the closure o...Published: 05 Jan 2024 at 05:50hrs | 6 | by Staff reporter
Zimbabwe records over 1 million tourists in 9 months
Zimbabwe's tourism industry received over one million tourists between January and September last year, representing a 52 percent growth compared to the same period in 2022, putting the industry on co...Published: 01 Jan 2024 at 08:04hrs | 5 | by Staff reporter
UK lines up more investments in Zimbabwe
RELATIONS between Harare and London are set to further strengthen, with the UK Embassy revealing in a statement that it is seeking a trade and investment advisor to identify business and trade opportu...Published: 28 Dec 2023 at 19:19hrs | 5 | by Staff reporter
Zimbabwean hotels fully booked for Christmas and New Year holidays
Tourism and hospitality players say hotels countrywide are fully booked for Christmas and New Year holidays, with a notable increase in tourist arrivals in different resort places.Zimbabwe's t...Published: 28 Dec 2023 at 11:05hrs | 5 | by Staff reporter
Zimbabwe's MPs advocate for the removal of US sanctions
Against the backdrop of economic upheaval and increasing hardships in Zimbabwe, legislators affiliated with the ruling party, ZANU PF, have taken a proactive stance to seek international assistance. T...Published: 28 Dec 2023 at 10:45hrs | 4 | by Staff reporter
Zambezi River Authority allocates water for power generation at Kariba for 2024
THE Zambezi River Authority (ZRA) has allocated 16 billion cubic meters (BCM) of water to be shared equally between ZESCO Limited and Kariba Hydro Power Company (KHPC) for power generation for 2024....Published: 28 Dec 2023 at 10:43hrs | 4 | by Staff reporter
Bulawayo council to ease water shedding over Christmas
THE Bulawayo City Council (BCC) has assured residents of the availability of water during Christmas as they continue monitoring levels at their reservoirs.The city is on a 120-hour water shedd...Published: 24 Dec 2023 at 16:08hrs | 5 | by Staff reporter
Zimbabwe dams water levels rise
The national dam level average has risen to 74. 8 percent, a 0. 89 percent improvement since December 13, 2023, the Zimbabwe National Water Authority (ZINWA) said on Tuesday. In a statement, ZINWA cor...Published: 20 Dec 2023 at 12:48hrs | 4 | by Staff reporter
Passport removal could boost Zimbabwe-Botswana trade
The agreement between President Mnangagwa and President Mokgweetsi Masisi of Botswana to allow passport-free travel between Zimbabwe and its western neighbour is a trade masterstroke, a political and ...Published: 18 Dec 2023 at 04:52hrs | | by Staff reporter
Bulawayo City Council moots 5 days water shedding schedule?
THE Bulawayo City Council (BCC) is planning to introduce a new water-shedding schedule, which will see residents going for 120 hours without water with Government yesterday assuring residents that it ...Published: 07 Dec 2023 at 05:28hrs | 4 | by Staff reporter
Biti rips into Ncube's 'disastrous' budget
FORMER Finance minister Tendai Biti has described the 2024 budget as a disaster amid concerns that the proposed raft of taxes will deepen Zimbabwe's poverty levels and worsen the economic challenges....Published: 03 Dec 2023 at 17:33hrs | 5 | by Staff reporter
58 550 movements recorded between Zimbabwe and neighbouring countries
The Report by the International Organisation for Migration states that during the month of October 2023, a total of 58,550 movements were recorded between Zimbabwe and neighbouring countries and 3,415...Published: 30 Nov 2023 at 15:04hrs | 4 | by Stephen Jakes
BCC pins hope on tropical cyclones
BULAWAYO City Council (BCC), which is struggling to supply water to residents due to depleted water levels at its major supply dams, is now pinning its hope on the predicted tropical cyclones likely t...Published: 28 Nov 2023 at 05:18hrs | | by Staff reporter
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