Search / Inject
RBZ pumps US$32 million into market
The Reserve Bank of Zimbabwe (RBZ) has infused approximately US$32 million into the interbank foreign exchange market over the past three weeks to stabilize the Zimbabwe Gold (ZiG) currency and addres...Published: 27 Oct 2024 at 12:19hrs | 155 | by Staff reporter
Zimbabwe needs alternative to US$
Persistence Gwanyanya, a member of the Reserve Bank of Zimbabwe's (RBZ) Monetary Policy Committee, has underscored the urgent need for alternatives to the US dollar as a store of value, highlighting c...Published: 25 Oct 2024 at 14:40hrs | 562 | by Staff reporter
SAA struggling to get over US$50 million out of Zimbabwe
South African Airways (SAA) said it was still struggling to get over US$50 million out of Zimbabwe.Equating roughly to around R1 billion, Parliament's Standing Committee on Public Accounts (SC...Published: 24 Oct 2024 at 08:06hrs | 1227 | by Staff reporter
CSC, Boustead Beef deal sparks court battle
The Cold Storage Company (CSC) has officially terminated its partnership with Boustead Beef, leading to legal action, according to Lands, Agriculture, Fisheries, Water and Rural Development Minister, ...Published: 21 Oct 2024 at 07:42hrs | 211 | by Staff reporter
RBZ blames speculative behaviour for ZiG's woes
The Reserve Bank of Zimbabwe (RBZ) has attributed the recent collapse of the newly introduced Zimbabwe Gold (ZiG) currency to rampant rent-seeking behavior and speculative activities within the parall...Published: 20 Oct 2024 at 14:12hrs | 236 | by Staff reporter
NRZ struggles amid sanctions, as revival efforts falter
In its prime, the National Railways of Zimbabwe (NRZ) was the backbone of the nation's transport system, transporting passengers across the country and facilitating the movement of goods beyond Z...Published: 19 Oct 2024 at 12:07hrs | 129 | by Staff reporter
Zimbabwe faces high teenage pregnancy rates
Dr. Lucia Gondongwe, the deputy director for reproductive health in the Ministry of Health and Child Care, has highlighted that Zimbabwe's high rate of teenage pregnancies is a significant factor cont...Published: 17 Oct 2024 at 15:18hrs | 278 | by Staff reporter
Steve Hanke celebrates the demise of Zimbabwe's ZiG
US-based economist and currency expert Steve Hanke has issued a stark warning about Zimbabwe's economic situation, claiming that the country's inflation rate has reached a staggering 880% per year, de...Published: 27 Sep 2024 at 08:28hrs | 21481 | by Staff reporter
'Zimbabwe's feja-feja economics not working'
Major retail shops in Zimbabwe adjusted their exchange rates to ZiG30 per dollar yesterday as the local currency continued to falter, a day after President Emmerson Mnangagwa accused economic "saboteu...Published: 27 Sep 2024 at 08:26hrs | 284 | by Staff reporter
Zimbabwe injects US$64m into foreign currency market
The Reserve Bank of Zimbabwe (RBZ) has injected US$64 million into the foreign exchange market in response to a growing demand for hard currency, ensuring that all bona fide foreign currency applicati...Published: 20 Sep 2024 at 07:49hrs | 239 | by Staff reporter
Dembare beats Orapa
Orapa United 0 - 1 DynamosA late strike by substitute Valentine Kadonzvo was enough to secure a 1-0 victory for Dynamos over Orapa United of Botswana in the first leg of their CAF Confederation Cu...Published: 16 Sep 2024 at 07:50hrs | 187 | by Staff reporter
Zimbabwe sitting on 40 trillion cubic feet of gas in Lupane
Zimbabwe holds vast reserves of untapped methane gas in the Lubimbi area of Lupane, Matabeleland North province, but has struggled for years to secure an investor to begin exploiting this valuable res...Published: 14 Sep 2024 at 12:28hrs | 13385 | by Staff reporter
Jacob Zuma tormentor hospitalised
Former Public Enterprises Minister Pravin Gordhan has been admitted to hospital, his family has said.A brief statement on Tuesday evening, issued on behalf of the former minister's family, sai...Published: 11 Sep 2024 at 10:35hrs | 3087 | by Staff reporter
Zimbabwe govt intervenes to end dual pricing
The government is closely monitoring businesses that are manipulating the exchange rate by using black market rates instead of the official ZiG currency rate. This practice undermines the ZiG, which i...Published: 05 Sep 2024 at 17:07hrs | 6031 | by Staff reporter
Zimbabwe Central Bank issues revised forex market guidelines
The Reserve Bank of Zimbabwe (RBZ), through its Exchange Control department, has issued updated guidelines and compliance parameters for the interbank foreign exchange market, emphasizing the limitati...Published: 04 Sep 2024 at 07:46hrs | 126 | by Staff reporter
RBZ makes U-turn
The Reserve Bank of Zimbabwe (RBZ) has announced that holders of non-negotiable certificates of deposit (NNCDs) will now receive tradable government bonds. This decision comes in response to pressure ...Published: 03 Sep 2024 at 15:45hrs | 27504 | by Staff reporter
Zimbabwe central bank injects US$190 million to meet forex demand
Zimbabwe's central bank has injected US$190 million into the foreign-exchange market to meet demand for dollars and maintain economic stability since the introduction of a new bullion-backed currency,...Published: 03 Sep 2024 at 14:37hrs | 465 | by Staff reporter
When dark babies are not good enough
For Ms Ntokozo Gumbo, after successfully achieving her desired complexion following years of investing in skin care to lighten her skin tone, she was disappointed when she gave birth to a baby heavily...Published: 22 Aug 2024 at 07:10hrs | 354 | by Andile Tshuma
Zimbabwe govt terminates CSC deal
The Zimbabwean government has terminated a US$130 million joint venture (JV) agreement with British investor Boustead Beef, which was intended to revive the Cold Storage Company (CSC). This decision c...Published: 16 Aug 2024 at 13:27hrs | 1860 | by Staff reporter
Hichilema: Absolute power corrupts absolutely
I could not believe what I was hearing. I tried to reassure myself that I was only dreaming. For the third time, I played the video and listened gravely. Again, the words fell like stones into the roo...Published: 15 Aug 2024 at 11:38hrs | 1023 | by Dr. Field Ruwe
Zambia to import electricity from Zimbabwe and SA
Zambia announced Thursday it will import electricity from neighbouring South Africa and Zimbabwe as drought slashes hydropower output, leading to blackouts of up to 16 hours a day.The state-ow...Published: 05 Aug 2024 at 18:30hrs | 231 | by AFP
Zimbabwe Central Bank says usage of ZiG has doubled
The use of Zimbabwe's bullion-backed currency has doubled since it was launched in early April, central bank Governor John Mushayavanhu told the country's Sunday Mail newspaper.The ZiG is now ...Published: 31 Jul 2024 at 07:07hrs | 915 | by Staff reporter
Khupe reveals new cancer fight
Former Deputy Prime Minister, Thokozani Khupe has implored parliament to exercise its influence on government to channel more resources towards cancer treatment and awareness programmes as she went de...Published: 20 Jul 2024 at 14:43hrs | 928 | by Staff reporter
Matabeleland tops HIV prevalence rate
Matabeleland South Province has emerged as one of Zimbabwe's regions with the highest HIV prevalence rates, reaching 17.30% in 2023. This high prevalence is attributed to the province's proximity ...Published: 15 Jul 2024 at 08:25hrs | 254 | by Staff reporter
100MW boost for Zimbabwe power supplies
Local power supplies in Zimbabwe are set to improve significantly in the coming weeks, with an additional 100 megawatts (MW) to be injected into the grid. This boost will come from a refurbished unit ...Published: 14 Jul 2024 at 09:53hrs | 289 | by Staff reporter
CCC MP demands US$150,000 damages from CIO operatives
Opposition Citizens' Coalition for Change (CCC) legislator Takudzwa Ngadziore has filed a lawsuit at the High Court, demanding US$150,000 from state security agents who allegedly abducted and tortured...Published: 13 Jul 2024 at 14:33hrs | 76 | by Staff reporter
Health professionals crack down on beauty salons
The Health Professions Authority of Zimbabwe (HPA) has issued a stern warning regarding the dangers of receiving vitamin drips or injectable treatments at beauty and wellness facilities. They caution ...Published: 01 Jul 2024 at 04:03hrs | | by Staff reporter
Zimbabwe banks downplay ZWG shortages
Zimbabwe's banking sector has sought to downplay reports of severe liquidity shortages following the introduction of the new Zimbabwe Gold (ZWG) currency by the Reserve Bank of Zimbabwe (RBZ) on April...Published: 30 Jun 2024 at 18:32hrs | | by Staff reporter
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over...Published: 26 Jun 2024 at 20:56hrs | 3 | by Tendai Ruben Mbofana
Dembare's struggles in front of goal persists
Manica Diamonds 0 - 0 DynamosDynamos continued their struggle to secure a victory as they settled for a draw against Manica Diamonds in a pulsating Castle Lager Premier Soccer League match at Saku...Published: 24 Jun 2024 at 07:05hrs | | by Staff reporter
Harare man defrauds friend of US$340,000
In Harare, Tatenda Guruva (30) faced charges of defrauding Blessing Mudambanuki, director of Dropstech Irrigation company, of US$340,000. Represented by Panaishe Mujawo of Mudimu Law Chambers, Guruva ...Published: 24 Jun 2024 at 07:03hrs | 19 | by Staff reporter
Zimbabwean currency poised to strengthen further
The Zimbabwean currency, Zimbabwe Gold (ZiG), is expected to strengthen against major currencies in the official market due to increased demand as companies prepare to meet their quarterly corporate i...Published: 16 Jun 2024 at 09:04hrs | 22 | by Staff reporter
Ramaphosa's ANC has not learnt from history
In 2018, ANC chose Cyril Ramaphosa as President because they believed that white capital liked him and thus he would attract western investment into the country. However, things did not quite go accor...Published: 14 Jun 2024 at 13:23hrs | 24 | by Staff reporter
Warriors hit rock bottom
Zimbabwe 0 - 2 LesothoZimbabwe's national football team, the Warriors, suffered a significant setback in the 2026 Fifa World Cup qualifiers after a disappointing loss to Lesotho, leaving them at t...Published: 08 Jun 2024 at 13:04hrs | | by Staff reporter
Zimbabwe cancer patient among thousands to trial personalised vaccines
Thousands of NHS cancer patients in England are expected to get access to trials of a new type of treatment using vaccines to fight their disease.Thirty hospitals so far have signed up to the ...Published: 02 Jun 2024 at 09:07hrs | 12 | by Staff reporter
Oppenheimer-funded party, RISE Mzansi falls behind in SA elections
As of Friday, day two after the elections, the ANC is leading in national results with 41.88%, followed by the DA (23.22%), Umkhonto weSizwe (11.52%) and the EFF (9.48%).However, the Oppenheim...Published: 31 May 2024 at 21:12hrs | | by Staff reporter
Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | 5 | by Staff reporter
Zimbabweans complain over ZiG cash shortage
Business operators and residents in Gweru are expressing concerns about the scarcity of the new currency, Zimbabwe Gold (ZiG), and are urging the Reserve Bank of Zimbabwe (RBZ) to increase the availab...Published: 24 May 2024 at 08:35hrs | 1 | by Staff reporter
Zimbabwe applies for ISO code for ZiG
The Reserve Bank of Zimbabwe (RBZ) is actively pursuing an International Organisation for Standardisation (ISO) code for the Zimbabwe Gold (ZiG), signaling its intention to establish ZiG as an indepen...Published: 22 May 2024 at 10:14hrs | 13 | by Staff reporter
Investor pours US$44m into steel plant
Local investor BER–Pig Iron and Steel Company (BPISC) has committed US$43.8 million to establish an iron ore processing plant in Redcliff, Midlands province. This initiative will be operated under a...Published: 20 May 2024 at 07:48hrs | 62 | 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 | 11 | by Dr Bekithemba Mpofu
'Zimbabwe needs genuine investors'
DUBAI-based businesswoman Edith Chibhamu says there is little evidence that Zimbabweans are benefiting from the "so-called foreign investment".Chibhamu said authorities must consider engaging ...Published: 12 Apr 2024 at 09:48hrs | | by Staff reporter
Mthuli Ncube summoned over ZiG
FINANCE minister Mthuli Ncube has been summoned to Parliament to explain how the Zimbabwe Gold (ZiG) currency introduced on Friday will work.Legislators also want Ncube to amend the Finance Ac...Published: 11 Apr 2024 at 08:45hrs | 1 | by Staff reporter
Zimbabwe leverages on resources for economic stability
The backing of Zimbabwe's currency by gold and strategic mineral reserves is reflective of the Second Republic's determination to ensure the country's natural resources are leveraged to advance sustai...Published: 11 Apr 2024 at 08:37hrs | | by Staff reporter
Zimbabwe introduces injectable HIV drug
ZIMBABWE has introduced Cabotegravir long-acting (CAB-LA), an injectable pre-exposure prophylaxis drug, to add to the HIV prevention regime in the country.The drug, an ARV designed to suppress...Published: 11 Apr 2024 at 08:35hrs | 1 | by Staff reporter
Chiwenga's family donates US$20 000 towards school project
VICE President Dr Constantino Chiwenga's family has donated US$20 000 towards the development of the repurposed St Augustine Catholic College in Sunnyside, Bulawayo, which complements the Government's...Published: 09 Apr 2024 at 06:18hrs | | by Staff reporter
Repowering of Hwange Units 1-6 to boost power generation
THE Government is stepping up the repowering of Hwange Units One to Six as part of efforts to find a lasting solution to the electricity problem in the country and is working on funding modalities as ...Published: 07 Apr 2024 at 10:06hrs | | by Staff reporter
Mbudzi interchange now 61% complete
LEGISLATORS yesterday toured the US$88 million Mbudzi Interchange project in Harare which is now 61 percent complete.The 31 legislators from the Portfolio Committee on Transport and Infrastructura...Published: 05 Apr 2024 at 05:56hrs | 1 | by Staff reporter
Tagwirei-linked firm in Zisco 'asset stripping orgy'
The much-hyped takeover of the Zimbabwe Iron and Steel Company (Zisco) by Kuvimba Mining House has failed to change the fortunes of the steelmaker amid allegations that the firm linked to businessman ...Published: 31 Mar 2024 at 15:20hrs | 1 | by Staff reporter
Mr Kudzai Mutisi, the German 'Economic wonder' after the WW2 had multiple favourable factors!
I am writing this article as a reply to your article you wrote last week: My article is not in any way or form critiquing your own but including factors that must be known, but, however, adding to wha...Published: 20 Mar 2024 at 20:53hrs | 1 | by Nomazulu Thata
Load More Stories
