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Khanondo Safaris and Tours: Delivering unforgettable african adventures
Khanondo Safaris and Tours, a premier tour operating company nestled in the bustling adventure hub of Victoria Falls, Zimbabwe, is making waves in the tourism industry with its diverse array of thr...Published: 21 Mar 2024 at 10:45hrs | 674 | by Nkululeko Nkomo
Why US sanctions on Zimbabwe 'have not worked'
The United States is a global superpower. Its political and economic reach is massive and global in character. Look back in history and you can see how the US has so often made real changes to the wor...Published: 19 Mar 2024 at 19:54hrs | 314 | by Eddie Cross
Zimbabwe businesses note low activity
THE business sector has reported a decline in activity since the announcement of the 2024 National Budget in November last year, NewsDay Business has learnt.Most firms found the 2024 Nat...Published: 15 Mar 2024 at 07:20hrs | 754 | by Staff reporter
Zimbabwe increases fuel prices
THE price of fuel has gone up marginally for both blend and diesel.In a statement, the Zimbabwe Energy Regulatory Authority (Zera) said diesel had increased by US2 cents to US$1,69 and blend b...Published: 06 Mar 2024 at 04:47hrs | 1380 | by Staff reporter
Uneca tells Zimbabwe to work on debt
THE United Nations Economic Commission for Africa (Uneca) deputy executive secretary programme Support Antonio Pedro says Zimbabwe needs to work on its debt to deal with its economic crises.Cu...Published: 04 Mar 2024 at 04:44hrs | 444 | by Staff reporter
EU shuts door on Zimbabwe financing
EUROPEAN Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, says the bloc will not lend to the southern African country owing to arrears even if sanctions are lifted.The EU ambassador sai...Published: 29 Feb 2024 at 05:02hrs | 951 | by Staff reporter
Money-lending company loses US$700,000 to robbers
POLICE in Harare have launched a manhunt for six armed robbers who raided a financial services company before making off with US$700 000.The suspects were armed with iron bars, explosives and ...Published: 27 Feb 2024 at 04:39hrs | 1336 | by Staff reporter
Copyright claims plague artists due to ignorance
THE legal principle ignorantia juris non excusat, meaning: Ignorance of the law is no excuse, underscores the fundamental responsibility that individuals have to abide by the law, regardless of person...Published: 22 Feb 2024 at 04:56hrs | 183 | by Clinton Chipo
CCC in uncertain waters
WE are only a month into the new year, but it already feels like it has been long. The political year has started in earnest, lending credence to the counsel of political sages: A day is a very long t...Published: 09 Feb 2024 at 10:02hrs | 2385 | by Ntando Dumani
Zimbabwe fuel prices hiked as regional fuel prices drop
The Zimbabwe Energy Regulatory Authority (ZERA) has raised fuel prices with effect from 4 January 2024. South Africa's Mineral Resources and Energy Department published the official fuel price...Published: 06 Jan 2024 at 08:58hrs | 4057 | by Staff reporter
Zimbabwe's ailing SOEs owe Chinese, Indian banks US$1.7billion
ZIMBABWE has accessed loans of up to USS$1.7 billion from Chinese and Indian banks to shore up technically insolvent state-owned enterprises (SOEs), a leading regional financier has revealed.A...Published: 31 Dec 2023 at 12:57hrs | 326 | by Staff reporter
Petroleum operating licenses go up in Zimbabwe
THE Zimbabwe Energy Regulatory Authority (Zera) has slightly reviewed upwards petroleum operating licences for 2024 and has urged existing and new fuel operators to renew and submit applications....Published: 29 Dec 2023 at 07:00hrs | 389 | by Staff reporter
The role of religion in Zimbabwe politics
The role of religious and spiritual dynamics, including African Traditional Religion (ATR), in Zimbabwean politics has been significant and complex. These dynamics have influenced both the historical ...Published: 19 Dec 2023 at 11:20hrs | 288 | by Josh Mhambi
World Bank hails Zimbabwe's tight Monetary Policy stance
THE World Bank (WB) has commended the Reserve Bank of Zimbabwe (RBZ) for putting in place a tight Monetary Policy alongside other interventions which have managed to ease inflationary pressures....Published: 14 Dec 2023 at 03:57hrs | 684 | by Staff reporter
Prophet Magaya's Stadium officially opened
PRESIDENT Mnangagwa has saluted the work done by Prophet Walter Magaya on the mega-dollar Heart Stadium, which was officially opened amid glitzy and glamour in Waterfalls yesterday.The 5 000-s...Published: 12 Dec 2023 at 05:51hrs | 156 | by Staff reporter
Secrecy surrounding resource-backed loans in Zimbabwe
IntroductionTO realize the aspirations of Vision 2030, Zimbabwe needs to invest US$2 billion in infrastructure development in five consecutive years to close the infrastructure asset gap, a hu...Published: 07 Dec 2023 at 05:29hrs | 150 | by Mbongeni Nhliziyo
Man 'violates' aunt's buttocks
CONTRARY to societal norms and cultural values, Shylock Ndlovu (33) allegedly violated his aunt's physical and personal space when he forcefully entered her bedroom, assaulted her on her buttocks and ...Published: 24 Nov 2023 at 05:47hrs | 2381 | by Staff reporter
'Zimdollar here to stay'
GOVERNMENT says it will announce a clear and transparent roadmap towards de-dollarisation to avoid shocks that may hurt the economy and drive citizens deeper into poverty.The country was due t...Published: 17 Nov 2023 at 05:06hrs | 577 | by Staff reporter
Mnangagwa commissions US$7.3m plant
PRESIDENT Mnangagwa yesterday commissioned a US$7,3 million National Oil Company of Zimbabwe (NOIC) ethanol storage and handling facility, that will help save foreign currency, create employment and p...Published: 09 Nov 2023 at 05:53hrs | 220 | by Staff reporter
'Zimbabwe's hastened currency shift won't end lending crisis'
Economists suggest that the recent issuance of a Statutory Instrument (SI) extending the use of multiple currencies in Zimbabwe until 2030 may have revealed the extent of President Emmerson Mnangagwa'...Published: 03 Nov 2023 at 14:55hrs | 385 | by Staff reporter
Zimbabwe food inflation spike cause for concern
High food inflation in Zimbabwe is causing growing concern as it accounts for over a third of households' expenses, according to a report titled "Southern Africa Regional Supply and Market Outlook" by...Published: 30 Oct 2023 at 05:20hrs | 726 | by Staff reporter
Stanbic scoops three prestigious awards
Harare, 24 October 2023 - Stanbic Bank Zimbabwe scooped three prestigious awards - two at the Banks and Banking Survey sponsored by financial services institution, FCB and publishing company, Alpha Me...Published: 25 Oct 2023 at 20:39hrs | 333 | by Agencies
Chamisa letdown by lack of organised structures in CCC
THE opposition Citizens' Coalition for Change (CCC) decision to proceed without a constitution and with no congress to elect substantive leaders is the reason why it has been trapped in a predicament ...Published: 16 Oct 2023 at 19:42hrs | 528 | by Staff reporter
Zimbabwe-listed companies get leeway to report financials in US dollars
Zimbabwean companies listed on the stock exchange are now permitted to present their financial statements in US dollars due to the swift dollarization of the economy. The CEO of the Zimbabwe Stock Exc...Published: 12 Oct 2023 at 18:21hrs | 143 | by Staff reporter
US resists pressure to reform IMF voting shares
US Treasury Secretary Janet Yellen showed little willingness to embrace reforms at the International Monetary Fund that would give China and other developing countries significantly more say in how th...Published: 12 Oct 2023 at 06:18hrs | 122 | by Staff reporter
Mnangagwa's son says Zimbabwe banks no longer offering funding beyond 2025
Deputy Minister David Mnangagwa, responsible for Finance and Investment Promotion, has revealed that banks are no longer extending long-term funding options beyond 2025, coinciding with the planned co...Published: 09 Oct 2023 at 19:26hrs | 1518 | by Staff reporter
Master KG to headline Sanganai/Hlanganani gig
South African musician and record producer Master KG, known as Kgaogelo Moagi, is all set to be the headline act at the Sanganai/Hlanganani World Tourism Expo closing concert in Bulawayo.The 1...Published: 08 Oct 2023 at 07:47hrs | 113 | by Staff reporter
Dj Rabaaz Releases 15-track Album
Pioneer of Gospel Mbirano music brand,Claud "Dj Rabaaz" Rabson has today released a 15-track album, the biggest single project so far in his musical caree...Published: 07 Oct 2023 at 23:16hrs | 137 | by Simbarashe Sithole
Zimbabwean loan shark jailed in the UK
A Birmingham caregiver who engaged in illegal loan shark transactions, collecting £350,000 and charging a 20% interest rate, has been sentenced to jail.Tecla Bandawe, driven by greed, provide...Published: 02 Oct 2023 at 09:19hrs | 1380 | by Staff reporter
RBZ increases US$ reserves thresholds to 15% to encourage Zimdollar usage
The Reserve Bank of Zimbabwe's Monetary Policy Committee (MPC) has increased the US$ Statutory reserve requirement to 15%, a move that experts suggest aims to encourage the use of the ZWL (Zimbabwean ...Published: 29 Sep 2023 at 06:34hrs | 735 | by Staff reporter
Amagrootman leaves audience in stitches
During the 2023 Intwasa Art Festival koBulawayo, the South African play "Amagrootman" took center stage at the Bulawayo Theatre, leaving the audience in fits of laughter.Written by Solly Malak...Published: 28 Sep 2023 at 09:34hrs | 476 | by Staff reporter
Zimbabwe gold production slumps 15%
ZIMBABWE'S gold production fell 15 percent to 19,3 tonnes in the first eight months of the year partly due to lack of funding by the small-scale miners to modernize operations.According to dat...Published: 20 Sep 2023 at 06:25hrs | 147 | by Staff reporter
Why we must reject Zanu-PF
THE Zanu-PF government is not a listening administration. For the last 18 years, I provided the government with grounded policy advice, but all fell on deaf ears. Zanu-PF is so arrogant that in this 2...Published: 21 Aug 2023 at 06:39hrs | 24 | by Gift Mugano
Reserve Bank of Zimbabwe bails out 3 banks
THE Reserve Bank of Zimbabwe (RBZ) has used its lender of last resort (LoLR) facility to bail out three distressed banks which had run out of liquidity following the steep depreciation of the local cu...Published: 16 Aug 2023 at 06:49hrs | 36 | by Staff reporter
'World Bank really underestimate all Africans'
Uganda's President Yoweri Museveni on Thursday denounced the World Bank's decision to suspend new funding in response to a anti-LGBTQ law and vowed to find alternative sources of credit.The co...Published: 10 Aug 2023 at 19:09hrs | 17 | by Staff reporter
Zimbabwe to clear its foreign debt by the end of 2025
ZIMBABWEAN Finance Minister Mthuli Ncube says Harare will do all it can to clear its foreign debt by December 2025 to open fresh lines of credit that would help in revamping the floundering economy....Published: 07 Aug 2023 at 06:36hrs | 2 | by Staff reporter
'4,1 million Zimbabweans food insecure'
AT LEAST 4,1 million people are in urgent need of food aid as low production and a high cost of living take a heavy toll on Zimbabweans, a new food security report has revealed.According to th...Published: 01 Aug 2023 at 06:30hrs | 14 | by Staff reporter
'Zimbabwe inflation to reach double figures in 2024'
ZIMBABWE has recorded the highest poverty levels across the southern African region although inflation is expected to go down in 2024 as the government maintains a tight monetary policy and global pri...Published: 31 Jul 2023 at 07:00hrs | 21 | by Staff reporter
U.S. sanctions take center stage in Zimbabwe elections
When Robert Mugabe, Zimbabwe's long-time despot, lost power in a 2017 military coup, many Zimbabweans took to the streets, celebrating what they hoped would be the beginning of a new chapter.M...Published: 27 Jul 2023 at 06:30hrs | 1 | by Staff reporter
Zapu promises to grow economy by US$80bn in poll manifesto
The Zimbabwe African People's Union (Zapu) has outlined plans to build a US$80 billion economy in the next 20 years if voted into power in next month's elections.The opposition which is not fi...Published: 18 Jul 2023 at 21:10hrs | 20 | by Staff reporter
Zimbabwe's fuel cartels under fire
Fuel is then offloaded in Zimbabwe before trucks are filled with water and dispatched to cross the borders again.Treasury has launched a series of investigations aimed at fishing out fuel indu...Published: 14 Jul 2023 at 18:40hrs | 16 | by Staff reporter
Zimbabwe increases fuel prices
THE Zimbabwe Energy Regulatory Authority ZERA has with effect from today slightly increased the price of both diesel and blend in both local currency and United States dollars.The review is ef...Published: 05 Jul 2023 at 13:11hrs | 17 | by Staff reporter
Exodus continues as Zimbabwean economy lies in ruins ahead of elections
Soaring inflation and collapsing ‘bond notes' are forcing more and more qualified people and professionals to flee the country.Zimbabwe's poor economic performance and depreciation of the su...Published: 03 Jul 2023 at 07:02hrs | 18 | by Staff reporter
Public wage bill balloons 3 times ahead of key Zimbabwe elections
ELECTION-related spending by the Zimbabwean government is going through the roof as President Emmerson Mnangagwa goes for broke, spending public funds like confetti at a wedding to retain his position...Published: 02 Jul 2023 at 17:30hrs | 17 | by Staff reporter
Zimdollar shortage hits market
A serious shortage of Zimbabwe dollar has hit the market on fiscal and monetary policy measures amid fears the crunch will affect aggregate demand.The liquidity squeeze follows recent me...Published: 30 Jun 2023 at 16:08hrs | | by Staff reporter
Banks scale back Zimbabwe dollar lending
BANKS have significantly reduced lending in the local currency ever since monetary authorities hiked interest rates last year to prevent rent-seeking behaviour by individuals and corporates, Reserve B...Published: 04 Jun 2023 at 08:29hrs | 1 | by Staff reporter
O'mari takes on EcoCash
FINANCIAL services giant, Old Mutual Zimbabwe Limited (OMZL), through Old Mutual Digital Services (OMDS), has launched O'mari, a business unit that will provide mobile money services, insurtech, inves...Published: 26 May 2023 at 06:37hrs | 4 | by Staff reporter
Zimbabwe ranked as world's most miserable country
ZIMBABWE has been adjudged the most miserable country in the world on American economist Steve Hanke's 2022 Misery Index because of the high cost of living.Hanke, a professor of Applied Econom...Published: 25 May 2023 at 06:25hrs | 8 | by Staff reporter
Bitcoin's role in the rise of Decentralized Finance (DeFi)
Decentralized Finance (DeFi) has taken the world by storm in recent years, with more and more investors turning to blockchain-based financial systems to take advantage of the numerous benefits they pr...Published: 24 May 2023 at 09:38hrs | 43 | by Staff Reporter
'Zimbabwe debt resolution will open funding floodgates'
THE successful conclusion of discussions on Zimbabwe's arrears clearance and debt resolution will lay a firm foundation for the lifting of economic sanctions and help to unlock fresh and affordable ex...Published: 21 May 2023 at 08:02hrs | 1 | by Staff reporter
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