Search / Kanyenze
US spies busted, deported
FOUR United States nationals contracted by the United States Agency for International Development (USAID) reportedly sneaked into the country last month without notifying the authorities as per protoc...Published: 10 Mar 2024 at 06:24hrs | | by Staff reporter
Zimdollar decline fueled by surge in money supply
THE Zimbabwe dollar has taken a battering in the past month with economists attributing the depreciation of the local currency to increased money supply after private and public sector employees were ...Published: 24 Dec 2023 at 16:10hrs | 9 | by Staff reporter
Police brutality victim's family demands 'supernatural' justice
THE Zimbabwe Republic Police (ZRP) has been accused of covering up its officers' attack on a handcuffed suspect, who later died in holding cells at Banket Police Station, last month.The now de...Published: 14 Nov 2023 at 05:07hrs | 11 | by Staff reporter
Zimbabwe police brutality exposed
Three members of the Zimbabwe Republic Police (ZRP) special constabulary details are facing severe criticism for allegedly beating a suspect to death inside the holding cells at Banket Police Station....Published: 24 Oct 2023 at 06:09hrs | | by Staff reporter
Will the new ‘ZiG' ‘gold backed' digital currency alleviate Zimbabwe's currency stability woes?
THE chronic problem of Zimbabwe's economy has its roots in the land reform activities that began more than 30 years ago.The principle of ‘ethnic balance' in land ownership was fair. The prob...Published: 08 Oct 2023 at 08:02hrs | 1 | by John Mc Keown
Mnangagwa hopes to capitalise on Zimbabwe's divided opposition in August election
PRESIDENT Emmerson Mnangagwa expects to feast on the fragmented opposition in the impending polls, confirming earlier speculation on the competitive edge which one united opposition coalition wi...Published: 27 Jun 2023 at 06:44hrs | | by Staff reporter
Zimbabwe opposition disunity promotes Mnangagwa's rule
RENOWNED economist, Dr Godfrey Kanyenze has blamed disunity among the country's opposition political parties for propping up President Emmerson Mnangagwa's ascendancy and leaving foreign allies with n...Published: 14 Nov 2022 at 05:25hrs | | by Staff reporter
Mnangagwa says ministries driving black market
PRESIDENT Emmerson Mnangagwa has for the first time admitted that there has been massive pilferage and corruption in government departments which is driving the black market and prices of goods and se...Published: 16 Aug 2022 at 06:41hrs | | by Staff reporter
Zimbabwe to securitise its ivory stockpile
THE Zimbabwe government is currently engaged in discussions on how the country can use its 130-tonne ivory stockpile as a tradable commodity or security asset, the Zimbabwe Independent reported....Published: 22 Jul 2022 at 10:41hrs | 10 | by Staff reporter
Price controls backfires in Zimbabwe
MANUFACTURERS and retailers have reportedly deliberately stopped supplying basic commodities such as mealie-meal, cooking oil and sugar, resulting in shortages as government's pricing regulations begi...Published: 05 Jul 2022 at 07:05hrs | | by Staff reporter
'6,4m Zimbabweans living in extreme poverty'
THE latest World Bank report indicates that 6,4 million Zimbabweans are living on less than US$1,90 a day.The report is based on the multilateral institution's Poverty and Inequality Platform ...Published: 01 Jul 2022 at 07:22hrs | 3 | by Staff reporter
Zimbabwe has higher inflation than war-torn Ukraine
ZIMBABWE's inflation rate at 191,7% as of June 23 is now much higher than Ukraine's 41%, a country in the middle of a fierce war with Russia.In a statement, the Zimbabwe Coalition on Debt and ...Published: 01 Jul 2022 at 07:22hrs | 5 | by Staff reporter
Godfrey Kanyenze says sanctions are not the biggest problem
Godfrey Kanyenze has dismissed claims that sanctions are the biggest albatross to Zimbabwe's economy, opting to put the blame on government mismanagement.The remarks, premiered in the academic...Published: 10 Mar 2022 at 06:14hrs | 1 | by Staff reporter
'Don't blame money changers, launderers'
LEADING economists on Monday quashed claims by Vice-President Constantino Chiwenga that the country's economy had come off the rails due to black market activities.Chiwenga made the claims at ...Published: 22 Feb 2022 at 05:38hrs | | by Staff reporter
Christ Ministries wrangle spills into court
A boardroom wrangle between the two sons of the late Christ Ministries Church founder, Bishop Cuthbert Makoni' and some members of the board of trustees has spilled into the High Court. Makoni...Published: 24 Sep 2021 at 09:04hrs | 4 | by Staff reporter
US$100k lawsuit over Zanu-PF spy slur
Zimbabwe Congress of Trade Unions (ZCTU) national organiser Mr Michael Kandukutu has filed a lawsuit against a member of an NGO, the Friedrich Ebert Foundation, to the tune of US$100 000 for defamatio...Published: 14 Jun 2021 at 06:18hrs | | by Staff reporter
Zimbabwe 'rogue shadow' worries World Bank
A WORLD Bank (WB) executive has warned that Zimbabwe's recovery efforts will be held back by a "Rogue Shadow of Informality" that will affect revenue flows into the fiscus and aggravate deepening pove...Published: 26 May 2021 at 06:24hrs | 7 | by Staff reporter
Foreign direct investment dries up
FOREIGN investment inflows to Zimbabwe last year fell by 23.7% to US$40.06 million compared to the same period in the previous year, with analysts attributing the decline to the outbreak of Covid-19 p...Published: 28 Feb 2021 at 15:33hrs | 7 | by Staff reporter
'Zimbabwe inflation fall no cause for celebration'
ZIMBABWE's year-on-year inflation rate ended the year 2020 at 348,5% down from a high of more than 800% in July but analysts say it is no cause for celebration as it remains way too high."The ...Published: 15 Jan 2021 at 07:49hrs | 1 | by Staff reporter
Hopeless situation for Ziombabwe civil servants
THE strife within the civil service will remain commonplace, as wages continue to be significantly eroded by the country's high inflation.Critical social services such as health and education ...Published: 11 Dec 2020 at 19:02hrs | | by Staff reporter
'We are not here to fight Indian Borehole Driller', Local Drillers Speak out
"We are not here to fight Indian Borehole Drillers, but to create a fair playing ground beneficial to locals as well", the Borehole Drillers Apex Council of Zimbabwe (BODACOZ) has spoken out. ...Published: 04 Oct 2020 at 08:14hrs | | by Trevor Namenda
Zimbabwe: Is it worse off than under Mugabe?
Claim: Life in Zimbabwe is now worse than under former President Robert Mugabe, according to Fadzayi Mahere of MDC.Verdict: It's true that in recent months, the economic situation has worsened...Published: 28 Aug 2019 at 07:41hrs | | by Staff reporter
Fact-checking Mthuli Ncube
"It's early days, we just introduced the new currency regime a little over a month ago, so it (the new currency) is trying to find its way, it is trying to find equilibrium; it will get there and clos...Published: 15 Aug 2019 at 07:27hrs | | by Staff reporter
Zimbabwe where people's pensions have disappeared
Retired couple Teddie and Vesta always imagined they would live out their golden years with dignity.He is 85, and served one company for 46 years as a cleaner, eventually rising to become a re...Published: 13 Aug 2019 at 07:55hrs | | by Shingai Nyoka BBC Africa, Harare
Mnangagwa sinking $13 million monthly into Zupco hole
Finance minister Mthuli Ncube yesterday revealed that government was coughing about $13 million every month to subsidise the country's public transport system through Zupco buses."Again, we ha...Published: 06 Aug 2019 at 12:59hrs | | by Staff reporter
Mthuli Ncube defends decision to suspend annual inflation reporting
Finance and Economic Development Minister Mthuli Ncube has defended his decision to blackout publication of year-on-year inflation statistics for the next six months, saying continuing to do so does n...Published: 06 Aug 2019 at 07:25hrs | | by Staff reporter
Missing US$3bn an indictment on Mnangagwa's government
REVELATIONS of possible abuse of funds under the controversial command agriculture scheme amid claims that there are no records and accountability of how close to US$3 billion was disbursed are an ind...Published: 26 Jul 2019 at 09:30hrs | | by Staff reporter
Zimbabwe power outages a manifestation of endemic corruption in govt
THE massive daily power outages rocking the country have had a devastating impact on an already fragile economy, throwing into disarray President Emmerson Mnangagwa's mantra that "Zimbabwe is open for...Published: 12 Jul 2019 at 09:24hrs | | by Staff reporter
Zimbabwe runs out of wheat
Zimbabwe has run out of wheat and bakeries in the country may soon not be able to produce bread.One of the leading bakeries has suspended operations and other major players are holding their b...Published: 16 Jun 2019 at 09:41hrs | 2 | by Staff reporter
Inter-bank, parallel market rates won't converge: Analysts
ANALYSTS say claims by monetary and fiscal authorities that the interbank market and the parallel market for foreign currency will converge are highly unlikely in the absence of a sustained supply of ...Published: 30 May 2019 at 07:57hrs | 1 | by Staff reporter
Prices of basic commodities skyrocket
THE Consumer Council of Zimbabwe (CCZ) expects prices of basic commodities and services to skyrocket following the near 50% increase in fuel prices last Tuesday."In the costing models that hav...Published: 26 May 2019 at 13:51hrs | 2 | by Staff reporter
Mnangagwa's 'Open for business' mantra collapses
THE surprise move by major gold producer Metallon Corporation to sue the government over its failure to pay for gold deliveries commensurately has brought into sharp focus the country's continued fore...Published: 24 May 2019 at 07:31hrs | | by Staff reporter
Mnangagwa's govt lays new siege on business
GOVERNMENT has laid siege on the business sector, ominously accusing it of overcharging consumers in pursuit of super profits and engaging in "financial terrorism".President Emmerson Mnangagwa...Published: 26 Apr 2019 at 17:31hrs | | by Staff reporter
Mnangagwa govt fears unrest over meltdown
PRESIDENT Emmerson Mnangagwa's regime fears mass social unrest and has placed security forces on high alert, as economic deterioration inexorably accelerates, amid a wave of price increases. The meltd...Published: 26 Apr 2019 at 17:26hrs | | by Staff reporter
Zimbabwe worse off under Mnangagwa - survey
ZIMBABWE has dropped two places and is now ranked the 146th happiest country out of 156 nations, which is a strong indictment on the country's economy under President Emmerson Mnangagwa, a United Nati...Published: 26 Mar 2019 at 06:41hrs | | by Staff reporter
3 lawyers banned from practising
THREE lawyers have been banned from practising in Zimbabwe following their de-registration.The three are Tayengwa Dugmore Muskwe, Rudo Ollyn Kanyenze and Tendai Amon Toto.This brings t...Published: 24 Mar 2019 at 18:45hrs | 1 | by Staff reporter
Zimbabwe cannot outsource its development - it has to fix the fundamentals first
While South Africa believes sanctions should be scrapped in Zimbabwe, analysts indicate that the sanctions narrative has been an easy scapegoat in addressing the real issues affecting the country....Published: 19 Mar 2019 at 08:39hrs | | by Sally Nyakanyanga
2-day indaba to track Mnangagwa progress
SIVIO Institute will host a two-day conference to deliberate on the progress made under President Emmerson Mnangagwa's leadership and launch an online tracking tool."The aim of the conference ...Published: 26 Feb 2019 at 06:57hrs | | by Staff reporter
Zimbabwe financial markets serene after RBZ's monetary policy measures
MARKETS largely remained unperturbed following monetary policy measures announced this week that saw the central bank abandon its fixed exchange rate management system for a managed floating approach ...Published: 22 Feb 2019 at 09:09hrs | | by Staff reporter
Black market forex rate remains stable
PARALLEL market rates remained stable yesterday following the decision by Reserve Bank of Zimbabwe Governor Dr John Mangudya to liberalise the United States dollar exchange rate against Real Time Gros...Published: 21 Feb 2019 at 22:33hrs | 7 | by Staff reporter
Mangudya is a thief, he has devalued people's salaries
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday announced the eagerly awaited monetary policy for 2019, in which he liberalised the trade of foreign currency and effectively declared t...Published: 21 Feb 2019 at 07:33hrs | | by Staff reporter
Internet shutdown negatively impacts on Zimbabwe businesses
THE internet shutdown by government has had an adverse impact on business operations in various sectors of the economy, businessdigest has learnt.Government last week switched off internet con...Published: 25 Jan 2019 at 14:06hrs | | by Staff reporter
Mnangagwa's Zimbabwe heads for shutdown
Government could be headed for a complete shutdown if it does not urgently address the concerns of its employees who are downing tools to press for better pay and improved working conditions, analysts...Published: 07 Jan 2019 at 09:05hrs | | by Staff reporter
Mnangagwa threatened with #ShutDownZimbabwe
THE Zimbabwe Congress of Trade Unions (ZCTU) has demanded that President Emmerson Mnangagwa's government decisively tackle the country's economic challenges or risk workers going on an indefinite stri...Published: 28 Dec 2018 at 20:49hrs | | by Staff reporter
ZCTU threatens national shutdown
THE Zimbabwe Congress of Trade Unions (ZCTU) has demanded that President Emmerson Mnangagwa's government decisively tackle the country's economic challenges or risk workers going on an indefinite stri...Published: 28 Dec 2018 at 08:39hrs | | by Staff Reporter
Mthuli Ncube in currency volte-face
Finance minister Mthuli Ncube, who two months ago indicated that he would prioritise currency reforms, including demonitising the country's fiat currency last Wednesday made a huge climb down on the p...Published: 04 Dec 2018 at 20:37hrs | 2 | by Staff reporter
Turmoil rocks Zimbabwe collective bargaining
COLLECTIVE bargaining in 2019 will be dampened by the persisting currency volatility crisis which has unnerved the market.Finance minister Mthuli Ncube pronounced in the 2019 National Budget t...Published: 30 Nov 2018 at 09:29hrs | | by Staff reporter
Parliament urged to oversee govt spending
PARLIAMENT has to keep strict checks and balances on government expenditure to control the budget deficit, economists have advised.Last week, Finance minister Mthuli Ncube presented his maiden...Published: 27 Nov 2018 at 06:04hrs | | by Staff reporter
Doctor ordered to pay $20 000 damages over negligence
A Mutare farmer who lost his wife due to medical negligence has been awarded $20 000 in damages after an eight-year legal battle. The High Court last week ordered Dr Miriam Kanyenze to p...Published: 19 Nov 2018 at 05:40hrs | | by Staff reporter
Mnangagwa's command policies spark off market turmoil
GOVERNMENT'S commandist strategy to contain currency volatility and the rising tide of price increases ravaging Zimbabwe are likely to worsen an economic crisis that has persisted for decades while da...Published: 26 Oct 2018 at 08:25hrs | | by Staff reporter
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