Search / Lending
Chiwenga warns Innscor
A TENSE meeting between President Emmerson Mnangagwa and Innscor Africa shareholders over allegations of fuelling currency volatilities rocking the market had a chilling effect after Vice-President Co...Published: 12 Aug 2022 at 20:21hrs | 903 | by Staff reporter
'Fuel price drop must benefit consumers'
BUSINESSES should review prices of goods and services downwards in line with the recent decline in fuel prices, a Cabinet Minister has said.This comes as interventions by the Reserve Bank of Z...Published: 07 Aug 2022 at 08:16hrs | 47 | by Staff reporter
'Zimbabwe's bigwigs living lavishly as ordinary citizens starve'
HUMAN rights organisations have red-flagged the lavish lifestyles of the elite in the country at a time when ordinary citizens are struggling to put food on the table due to a faltering economy....Published: 04 Aug 2022 at 06:48hrs | 2769 | by Staff reporter
Zimbabwe fuel prices go down again
THE reduction in fuel prices by the Government continues as the Zimbabwe Energy Regulatory Authority (Zera) reviewed prices effective yesterday.In an update, the regulatory authority reduced d...Published: 03 Aug 2022 at 18:59hrs | 6141 | by Staff reporter
Falling fuel prices ease pressure on consumers
The sustained drop in fuel prices, which saw prices being reviewed downwards twice over a two-week period this month owing to falling international crude ...Published: 31 Jul 2022 at 07:08hrs | 653 | by Staff Reporter
Zimbabwe tax-free threshold doubled, bonus windfall for workers
The tax-free threshold for income tax was doubled to $50 000 a month yesterday by Finance and Economic Development Minister Mthuli Ncube as part of the doubling of all tax bands to improve disposable ...Published: 29 Jul 2022 at 06:46hrs | 709 | by Staff reporter
Mthuli Ncube, Mangudya's unenviable task
I do not envy Finance and Economic Development Minister Professor Mthuli Ncube and the Reserve Bank of Zimbabwe Governor Dr John Mangudya.The two gentlemen must be having a torrid time....Published: 24 Jul 2022 at 09:59hrs | 272 | by Victoria Ruzvidzo
Democratisation of mine workers representation platform critical to build an inclusive NEC
HARARE: Zimbabwe has a monopolistic mine workers' representation system which constitutes National Chamber of Mines and AMWUZ - Associated Mine Workers Union of Zimbabwe.This uneven terrain in...Published: 22 Jul 2022 at 21:54hrs | 119 | by Maxwell Teedzai
Zimdollar official exchange rate breaches $400 mark as black market around $800
THE Reserve Bank of Zimbabwe (RBZ) official exchange rate has reached ZW$403,40 against the greenback in a development experts believe to be prompted by market forces.A trading update released...Published: 20 Jul 2022 at 08:23hrs | 4076 | by Staff reporter
340km of Harare - Beitbridge highway revamp complete
AT least 340 kilometres of the Harare-Beitbridge highway have been reconstructed and opened to motorists in the past two years, officials said Friday, promising to expand the aggressive road revamp pr...Published: 17 Jul 2022 at 09:13hrs | 478 | by Staff reporter
Mnangagwa laments banking sector rot
GOVERNMENT's recent adoption of tough economic measures is in response to mischievous behaviour by some economic players and syndicates who are bent on sabotaging the economic transformation achieved ...Published: 16 Jul 2022 at 10:29hrs | 387 | by Staff reporter
Mnangagwa relives 2017 'ice cream' horror
President Mnangagwa yesterday opened up on his infamous Gwanda poisoning incident in 2017, saying the medical treatment that saved his life after being airlifted to South Africa inspired his mantra th...Published: 16 Jul 2022 at 10:29hrs | 4382 | by Staff reporter
Biti claims Zimbabwe iInflation now 430%
OPPOSITION Citizens Coalition for Change (CCC) deputy leader and Harare East legislator Tendai Biti has demanded a ministerial statement by Treasury on the country's worsening economic crisis....Published: 14 Jul 2022 at 07:37hrs | 997 | by Staff reporter
Fuel prices drop by US$0,02 in Zimbabwe
THE Zimbabwe Energy Regulatory Authority (Zera) has reduced fuel prices by US$0,02, but hiked it in local currency.In a statement yesterday, Zera said diesel now costs US$1,86 down from US$1,8...Published: 14 Jul 2022 at 07:32hrs | 214 | by Staff reporter
AfDB to lead Zimbabwe debt clearance roadmap
AFRICAN Development Bank (AfDB) president Dr Akinwumi Adesina has formally accepted President Mnangagwa's request to lead Zimbabwe's debt clearance strategy, which is key for Harare to unlock fresh fu...Published: 13 Jul 2022 at 07:17hrs | 143 | by Staff reporter
'Zimdollar at risk of complete rejection'
ZIMBABWE'S local currency is at "risk" of being shunned if runaway inflation isn't quelled, the country's largest business group said.Policy interventions implemented by authorities over the l...Published: 07 Jul 2022 at 08:22hrs | 2551 | by Staff reporter
Zimdollar fuel prices up
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a slight increase in local currency fuel prices while the foreign currency prices remain stable.The increase is effective from yes...Published: 06 Jul 2022 at 18:05hrs | 684 | by Staff reporter
'Mnangagwa abusing Presidential powers'
THE opposition Citizens Coalition for Change (CCC) has castigated President Emmerson Mnangagwa's use of Presidential Powers to legalise the hike in interest rates by 200% and to declare lending and re...Published: 01 Jul 2022 at 07:31hrs | 6094 | by Staff reporter
'Mthuli Ncube, John Mangudya must resign'
OPPOSITION political parties have demanded that Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya resign, accusing them of crafting anti-poor policies that are wo...Published: 29 Jun 2022 at 07:49hrs | 3160 | by Staff reporter
CCC dismisses new Zimbabwe economy measures; says Chamisa-led govt only solution
Minister Mthuli Ncube (on Monday) announced measures that are meant to curb hyperinflation and stabilize (prices) as well as address the remuneration crisis in the civil service. The Reserve Bank also...Published: 28 Jun 2022 at 07:29hrs | 1428 | by Fadzayi Mahere
Zimbabwe central bank hikes interest rates to 200%
THE Reserve Bank of Zimbabwe (RBZ) on Monday hiked interest rates from 80% to 200% in a bid to block cheaper speculative borrowing which has adverse effects on exchange rates.The developments ...Published: 27 Jun 2022 at 19:08hrs | 860 | by Staff reporter
RBZ to introduce gold coins, hikes interest rates
RESERVE Bank of Zimbabwe (RBZ) says it will be introducing gold coins as part of measures to ensure investors and the general public have alternative means to preserve value, cushioning them from the ...Published: 27 Jun 2022 at 19:05hrs | 1892 | by Staff reporter
Foul play disguised as incompetence at the Competition and Tariff Commission
I am an avid reader and consumer of all things Competition and Anti Monopolies related. I believe in healthy competition and have learnt a thing or two from watching the American Sherman act evolve in...Published: 27 Jun 2022 at 12:48hrs | 1009 | by Thabo Nkiwane
Zanu-PF gangs up against Mnangagwa
ZIMBABWE'S worsening economic situation has reportedly ratcheted pressure on President Emmerson Mnangagwa from within his ruling Zanu-PF party to find quick solutions as the country heads into the ele...Published: 27 Jun 2022 at 08:15hrs | 6561 | by Staff reporter
Zanu PF gangs up against Mnangagwa
ZIMBABWE'S worsening economic situation has reportedly ratcheted pressure on President Emmerson Mnangagwa from within his ruling Zanu PF party to find quick solutions as the country heads into the ele...Published: 27 Jun 2022 at 07:12hrs | 8350 | by Staff Reporter
Spotlight falls on Bosso's new foreign coach
THE Castle Lager Premier Soccer League returns with the spotlight falling on new Highlanders coach Baltemar Brito, who will preside on his first match since joining as Bosso take on Black Rhinos...Published: 22 Jun 2022 at 06:46hrs | 392 | by Staff reporter
RBZ tightens screws on bank loans
THE Reserve Bank of Zimbabwe (RBZ) has ordered banks to conduct site visits to clients who have taken out loans to ensure the money is used for its intended purposes, among other stringent measures....Published: 20 Jun 2022 at 06:42hrs | 1747 | by Staff reporter
Govt keeps focus on Zimdollar
Government will not let-up on implementing fiscal and monetary measures to contain resurgent inflation and tame Zimbabwe dollar volatility, Finance and Economic Development Minister Professor Mthuli N...Published: 19 Jun 2022 at 10:04hrs | 231 | by Staff reporter
Low to middle-income housing project takes off from Bulawayo
BULAWAYO yesterday witnessed the official launch of a US$11 million housing project that will result in the construction of thousands of low-cost housing units in selected parts of the country with th...Published: 18 Jun 2022 at 07:26hrs | 614 | by Staff reporter
Billion-dollar loans used to manipulate exchange rate
Fifteen major companies have been creating huge extra profits by borrowing billions of dollars, often from several banks, at concessionary interest rates, stocking up and then selling in US dollars an...Published: 18 Jun 2022 at 07:22hrs | 343 | by Staff reporter
RBZ issues statement on commercial bank loans
The Reserve Bank of Zimbabwe (RBZ) issued a statement on the outcome of investigation of the abuse of commercial bank loan facilities by certain business ...Published: 18 Jun 2022 at 06:43hrs | 4628 | by Tarisai Mudahondo
Forex auction props up industry revival
The foreign exchange auctions have disbursed over US$3,2 billion to productive sectors since they opened in 2020, a development that resulted in the growth of local industry's capacity utilisation to ...Published: 17 Jun 2022 at 08:17hrs | 55 | by Staff reporter
Zamco winds up operations
THE Zimbabwe Asset Management Company (Zamco) is winding up operations after it paid off, last year, the $1,2 billion it received from the Government to acquire Non-Performing Loans (NPLs).Zam...Published: 17 Jun 2022 at 08:14hrs | 39 | by Staff reporter
Protraz Hackathon: $175m up for grabs
THE Post and Telecommunications Authority of Zimbabwe (Potraz) has launched this year's Hackathon, with $175 million up for grabs for outstanding innovations.To participate in the Hackathon on...Published: 13 Jun 2022 at 06:43hrs | 198 | by Staff reporter
12 Zimbabwe banks fined for sabotage
AT least 12 banks were penalised for financial indiscipline during a recent crackdown embarked upon by the Government when it temporarily stopped them from lending money to the public, President Mnang...Published: 11 Jun 2022 at 09:07hrs | 352 | by Staff reporter
Fuel price goes up again
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a latest jump in fuel prices effective Tuesday, 7 June 2022.In a public notice issued yesterday, the energy regulator pegged the n...Published: 08 Jun 2022 at 08:59hrs | 666 | by Staff reporter
Zera announces jump in fuel prices
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a latest jump in fuel prices effective Tuesday, 7 June 2022.In a public notice issued yesterday, the energy regulator pegged the n...Published: 08 Jun 2022 at 08:58hrs | 440 | by Staff reporter
Monetary policy inconsistency sinking economy
On the 17th of May 2022, the Reserve Bank of Zimbabwe (RBZ) issued a circular cancelling the order announced by the head of state on the suspension of bank lending one week earlier. The head of state ...Published: 08 Jun 2022 at 07:19hrs | 428 | by Victor Bhoroma
Govt to continue with partial dollarisation
RESERVE Bank of Zimbabwe Governor, Dr John Mangudya says the country cannot afford to fully dollarise as the move will be detrimental to the socio-economic growth of the country.The Russia Ukr...Published: 07 Jun 2022 at 17:55hrs | 3051 | by Staff Reporter
Mduduzi Mathuthu detained, charged with insulting Mnangagwa
On Monday, police in Bulawayo in southwest Zimbabwe detained Mduduzi Mathuthu, editor of privately owned news website ZimLive, and charged him with insulting or undermining the authority of President ...Published: 07 Jun 2022 at 06:19hrs | 6721 | by AJC
Bank workers appeal to Mthulisi Ncube for tax relief
THE Zimbabwe Banks and Allied Workers Union (Zibawu) has urged Finance minister Mthuli Ncube to raise the income tax free threshold in both foreign and local currencies in line with inflation and curr...Published: 05 Jun 2022 at 09:17hrs | 1416 | by Staff reporter
The death of the Zimdollar shows the King has no clothes
The death of the Zimbabwe dollar is proof that with all our education, there is something terribly rotten in Simbao (ancient name for Zimbabwe).I want to make an apology to Sister Fay Chun...Published: 05 Jun 2022 at 09:16hrs | 1165 | by Kenneth Mufuka
Trouble ahead in Zimbabwe
Conditions for the people of Zimbabwe continue to go from bad to worse. Triple digit inflation shows no signs of slowing.Over half of the country lives in poverty.Its corrupt governmen...Published: 05 Jun 2022 at 09:12hrs | 907 | by Michelle Gavin
'The Reserve Bank of Zimbabwe is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 05 Jun 2022 at 09:00hrs | 227 | by Staff reporter
Zimbabweans resort to bikes amid soaring fuel prices
SOARING fuel costs and the economic crunch in Zimbabwe are leading people to switch to using bicycles as their main mode of transport.Over the past year, the country has seen petrol prices jum...Published: 04 Jun 2022 at 19:54hrs | 154 | by Staff reporter
Inflationary pressures choke Zimbabwe industry
A rising bout of inflation is posing a severe threat to Zimbabwe's industries amid growing fears most companies will struggle to restock, which could potentially trigger a significant reduction in pro...Published: 02 Jun 2022 at 09:06hrs | 1525 | by Staff reporter
European Investment Bank warms up to Zimbabwe
The European Investment Bank (EIB) has availed about €40m to Zimbabwe banks within a year, which will go towards bailing out the country's SMEs and mid-cap companies, in a vote of confidence in the ...Published: 02 Jun 2022 at 09:04hrs | 3132 | by Staff reporter
ZimLive editor survives 'abduction' bid over Mnangagwa drink article
NewZimbabweVETERAN journalist and ZimLive editor Mduduzi Mathuthu has not returned to his Bulawayo home since Friday when individuals claiming to be police officers and driving unmarked vehicl...Published: 02 Jun 2022 at 06:55hrs | 2123 | by Staff reporter
Retail outlets ration basic commodities as Zimdollar weaken
THE United States Agency for International Development (USAid) food security arm says some wholesale and retail outlets are rationing scarce foodstuffs, as the Zimbabwe dollar continues to depreciate....Published: 02 Jun 2022 at 06:52hrs | 671 | by Staff reporter
Eddie Cross says Zimbabwe should not dollarise
TOP economist Eddie Cross Monday gave a gloomy image of Zimbabwe's battered economy but maintained dollarising it will destroy the country's re-industrialisation drive. Speaking to NewZimbabwe...Published: 31 May 2022 at 06:35hrs | 4180 | by Staff reporter
Load More Stories
