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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
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
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
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
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
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
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
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
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
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
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
CIO agent in AK47 abduction, torture of CCC MP Ngadziore seen in public
A gun-toting Central Intelligence Organisation (CIO) agent caught on video abducting a Citizens Coalition for Change MP has been publicly sighted for the first time since the November 1, 2023, inciden...Published: 27 Feb 2024 at 12:37hrs | | by Staff reporter
Another empty promise on road rehabilitation from Zimbabwe govt
MAJOR roads, flyovers and bridges, along with mini interchanges along roads in and around Harare that link with the US$88 million Mbudzi Traffic Interchange, are being rehabilitated or constructed, Tr...Published: 08 Feb 2024 at 04:27hrs | 1 | by Staff reporter
Hopewell Chin'ono friend abducted
Suspected state security agents abducted a Harare-based construction manager - who has done a lot of building works for award-winning Zimbabwean filmmaking journalist Hopewell Chin'ono - yesterday in ...Published: 07 Feb 2024 at 19:07hrs | 7 | by Staff reporter
Egodini Phase 1A complete, to reopen soon
BULAWAYO residents will soon be able to access Egodini, the city's largest transport and trading hub, which has been closed for eight years due to a stalled redevelopment project. The project,...Published: 24 Jan 2024 at 04:50hrs | 7 | by Staff reporter
Bread shoots to US$1,30 in Zimbabwe
PRICES of most basic commodities, particularly food items, have surged by more than 30% since last year as the Zimbabwe dollar continues to lose value against the greenback.The new 15% value-added tax...Published: 22 Jan 2024 at 10:02hrs | 16 | 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
CID request access into Takudzwa Ngadziore Facebook to unmask MP's kidnappers
Detectives investigating Takudzwa Ngadziore's abduction rang the CCC MP Friday requesting log-in details of the young lawmaker's private Facebook account ostensibly to draw some raw data in a viral vi...Published: 23 Dec 2023 at 10:09hrs | 9 | by Staff reporter
How Tanzanian football emerged from obscurity to break into the big league
Tanzanian Football's Rise to Prominence In a remarkable tale of sporting evolution, Tanzanian football has transitioned from relative obscurity to a sig...Published: 18 Dec 2023 at 22:49hrs | 50 | by Staff Reporter
Contractor re-designs Egodini Mall vending bays
TERRACOTTA Private Limited, a South African company, which won the US$60 million tender to rebuild Bulawayo's Basch Street Bus Terminus has since engaged another company from the neighbouring country ...Published: 05 Dec 2023 at 05:14hrs | 17 | by Staff reporter
Bulawayo needs 25 more schools
BULAWAYO needs at least 25 primary schools to address hot sitting, which has seen areas such as Cowdray Park having three-in-one schools as it battles crowding.A three-in-one school is an educ...Published: 29 Nov 2023 at 05:07hrs | 8 | by Staff reporter
Mnangagwa boasts of being Zimbabwe's 'CIO Godfather'
BY his own admission this week, President Emmerson Mnangagwa is the architect of Zimbabwe's brutal security system which has left a trail of human rights violations, abductions, forced disappearances ...Published: 23 Nov 2023 at 06:46hrs | | by Staff reporter
Ziyambi quizzed over abductions
OPPOSITION Citizens Coalition for Change (CCC) parliamentarians have taken government to task over police's seemingly lackadaisical approach towards investigating politically-motivated abductions, enf...Published: 17 Nov 2023 at 05:06hrs | 1 | by Staff reporter
Zimbabwe: Authorities must investigate the escalation of abductions, torture and killing of political activists
The Zimbabwean authorities must immediately address the escalating cases of abductions, arbitrary detention, torture and killing of parliament members, opposition political activists, and human rights...Published: 14 Nov 2023 at 19:18hrs | 15 | by Amnesty International
Chevrons stumble again in Namibia, face nervy series decider
ZIMBABWE wasted an opportunity to clinch their five-match Twenty20 International (T20I) series after succumbing to a disappointing seven-wicket loss in the fourth encounter against Namibia in Windhoek...Published: 29 Oct 2023 at 18:53hrs | 1 | by Staff reporter
Ex-MDC MP abducted, tortured and injected with 'unknown substance'
James Chidhakwa, the former Member of Parliament for Mabvuku Tafara, was reportedly subjected to abduction, torture, and subsequently left in Acturus on Monday night, as reported by the Citizens Coali...Published: 24 Oct 2023 at 08:06hrs | 1 | by Staff reporter
ZimAlloys set to fire up new furnaces after $40m injection
ONE of the country's largest ferrochrome producers, Zimbabwe Alloys (ZimAlloys) will next month return to production after a new shareholder injected close to US$40 million to revive the company....Published: 29 Sep 2023 at 10:10hrs | | by Staff reporter
US government raises concern over attacks on Zimbabwe opposition supporters
The USA government, via its embassy in Harare, has expressed deep concerns regarding ongoing incidents of politically motivated violence and intimidation targeting opposition members in the aftermath ...Published: 22 Sep 2023 at 06:19hrs | | by Staff reporter
Chamisa's CCC to challenge yellow tie ban
OPPOSITION Citizens for Coalition of Change (CCC) legislators have vowed to challenge the ban on yellow ties in Parliament after several legislators turned up in the yellow attire for the swearing-in ...Published: 18 Sep 2023 at 07:01hrs | | by Staff reporter
Chamisa's CCC claims that its supporters and activists are being attacked
A WAVE of post-election violence has been reported across Zimbabwe as the opposition Citizens Coalition for Change (CCC) claims that its supporters and activists are being attacked.The violenc...Published: 05 Sep 2023 at 06:20hrs | 4 | by Staff reporter
Zimbabwe foreign currency receipts up US$5,5 billion
ZIMBABWE's foreign currency receipts reached US$5, 5 billion in the first half of 2023 driven by exports and diaspora remittances among other top earners, the Reserve Bank of Zimbabwe (RBZ) latest Mon...Published: 27 Aug 2023 at 09:51hrs | 1 | by Staff reporter
Mthuli Ncube's moment of truth
Finance minister Mthuli Ncube's candidacy in Cowdray Park constituency in Bulawayo has revived debate on reports of systematic underdevelopment of the city and the whole Matebeleland region since 1980...Published: 20 Aug 2023 at 09:30hrs | 6 | by Staff reporter
Brito for Warriors job?
SUCCESS stories often arise from the innovative minds and masterful strategies of football coaches who possess the ability to transform under-performing teams into formidable contenders.Such i...Published: 12 Aug 2023 at 07:50hrs | 8 | by Staff reporter
Zimbabwe poised to be fifth largest lithium producer
Zimbabwe is poised to be the world's fifth largest primary producer of lithium by 2025 taking advantage of the several massive investments worth almost a combined $1 billion injected in the past two y...Published: 08 Aug 2023 at 06:47hrs | 8 | by Staff reporter
Mnangagwa commissions Mthuli Ncube clinic
PRESIDENT Mnangagwa yesterday said Government will upgrade health infrastructure at the country's major hospitals in line with international standards as the Second Republic continues to improve healt...Published: 03 Aug 2023 at 06:44hrs | 7 | by Staff reporter
Mmnangagwa says major hospitals to undergo upgrading
PRESIDENT Mnangagwa yesterday said Government will upgrade health infrastructure at the country's major hospitals in line with international standards as the Second Republic continues to improve healt...Published: 03 Aug 2023 at 06:43hrs | 7 | by Staff reporter
Sarah Masiyiwa honoured in the UK
SARAH Masiyiwa, the daughter of Zimbabwean billionaire Strive Masiyiwa and his wife Tsitsi Masiyiwa, has expressed her delight after being honoured as one of the brightest and most promising individua...Published: 01 Aug 2023 at 06:25hrs | 7 | by Staff reporter
Mnangagwa to commission new Mugabe International Airport terminal tomorrow
PRESIDENT Emmerson Mnangagwa will officially commission the Robert Gabriel Mugabe (RGM) International Airport terminal tomorrow, the Airports Company of Zimbabwe (ACZ) has said.Government inje...Published: 13 Jul 2023 at 14:15hrs | 6 | by Staff reporter
Two open-heart surgeries at Parirenyatwa
A LOCAL team of doctors recently conducted two successful open-heart surgeries at Parirenyatwa Group of Hospitals, marking the resumption of the complex medical procedure that was last done in 2018....Published: 02 Jul 2023 at 07:37hrs | 5 | by Staff reporter
Forex rate premium falls
THE parallel market exchange rate premium has fallen below 50 percent, as policy interventions by the Government continue to drive appreciation of the Zimbabwe dollar, but pockets of resistance remain...Published: 02 Jul 2023 at 07:37hrs | 6 | by Staff reporter
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