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Green fuel exposes Mnangagwa's empty promise to workers
President Emmerson Mnangagwa officially opened the new premises for the Labour Court of Zimbabwe in Harare where he made a commitment to enhance the administration of justice in the labour market....Published: 15 May 2019 at 08:10hrs | 708 | by Staff reporter
MPs demand new NSSA audit report
PARLIAMENT has given Public Service, Labour and Social Welfare minister Sekai Nzenza an ultimatum to release the latest external forensic audit report on the National Social Security Authority (Nssa),...Published: 10 May 2019 at 13:58hrs | 346 | by Staff reporter
Zimbabwe banks tighten purse strings
Most financial institutions are tightening on lending as they try to significantly reduce Non-Performing Loans (NPLs) ratios. This comes as most banks increased total loans and advances last y...Published: 10 May 2019 at 07:18hrs | 2598 | by Staff reporter
Mnangagwa's govt in new US$5bn funding negotiations
A UNITED Kingdom-based international financial consultancy firm, ICG Capital and Finance Corps Limited — in partnership with five top-tier United States banks — has tabled a US$5 billion debt rest...Published: 03 May 2019 at 07:21hrs | 2331 | by Staff reporter
Zimbabwe opposition and lost opportunities
Election 2018 was largely considered a landmark event for the different meanings and opportunities that were attached to it, particularly for the new faces in the presidential race, Emmerson Mnangagwa...Published: 29 Apr 2019 at 06:48hrs | 355 | by Reason Wafawarova
'No fuel price hike in Zimbabwe'
The Minister of Energy and Power Development, Joram Gumbo has allayed fears of a fuel price hike, dismissing claims of an increase on the pump price of petrol and diesel as false.This follows ...Published: 28 Apr 2019 at 07:54hrs | 341 | by Staff reporter
Fuel prices go down
THE price of fuel has slightly gone down after the Government announced an increase in the blending ratio of petrol from five percent to 10 percent last week.In a notice, the Zimbabwe Energy R...Published: 28 Apr 2019 at 07:44hrs | 4158 | by Staff reporter
The day Mthuli Ncube was misquoted
Mthuli Ncube did not say new currency in 12 months.No, the Minister said no such thing. His interview is available on the Bloomberg website titled "Zimbabwe Plans to Introduce Currency ‘In N...Published: 27 Apr 2019 at 08:16hrs | 8332 | by Dr Alfred M. Mthimkhulu
New fuel prices announced
The Zimbabwe Energy Regulatory Authority has announced new prices of fuel effective 29 April and 6 May 2019. The new prices are in line with the mandatory fuel blending that was announced in a...Published: 26 Apr 2019 at 18:35hrs | 40699 | by Mandla Ndlovu
Mandatory fuel blending ratio up
Government has increased the mandatory blending of unleaded petrol from five percent ethanol to 10 percent with immediate effect. This was announced in a extraordinary Government Gazette publi...Published: 26 Apr 2019 at 06:56hrs | 803 | by Staff reporter
Government enforces mandatory blending of fuel
The Minister of Energy and Power Development Jorum Gumbo on Wednesday gazzetted a mandatory blending of Anhydrous Ethanol with Unleaded Petrol.In a General Notice 740A of 2019 the Minister sai...Published: 25 Apr 2019 at 21:24hrs | 2201 | by Mandla Ndlovu
Revolution is the great teacher
Those living in luxury from the exploitation and suffering of others have traditionally always been opposed to emancipation struggles; they continue to be opposed to such struggles by the people today...Published: 22 Apr 2019 at 08:33hrs | 246 | by Reason Wafawarova
Zimbabwe's path to prosperity
ON April 3, I gave President Emmerson Mnangagwa a letter from my government conveying the heartfelt sympathy of the American people for the lives lost in Cyclone Idai. I also announced that the Americ...Published: 12 Apr 2019 at 13:51hrs | 1273 | by Brian Nichols
RBZ warns over wild interest rates
The Reserve Bank of Zimbabwe (RBZ) has warned domestic banks against arbitrary hikes of lending rates and called for a fine balancing act in dealing with cost and inflationary pressures to avoid tippi...Published: 12 Apr 2019 at 07:28hrs | 2125 | by Staff reporter
Zimbabwe sanctions lies exposed
Standard Chartered Bank has been fined US$18 million for violating the United States Department of the Treasury's Office of Foreign Assets Control's (OFAC) sanctions on Zimbabwe in a development that ...Published: 11 Apr 2019 at 07:07hrs | 1245 | by Staff reporter
New online trends
VR and AR have been on the headlines for a while. Voice shopping is expected to be one of the biggest trends in 2019. Everything that looked trendy in 2018 will either continue to trend in 2019 or exi...Published: 09 Apr 2019 at 14:21hrs | 761 | by Staff Writer
RTGS$ introduction inflicts further pensioner prejudice
MANY pensioners now being paid in Real-Time Gross Settlement (RTGS) dollars against their will have reported a drastic reduction in the purchasing power of their pensions.The RTGS$ is a new na...Published: 05 Apr 2019 at 09:58hrs | 1073 | by Martin Tarusenga
Zimbabweans should brace for imminent interest rates hike
Finance and Economic Development minister Mthuli Ncube has warned the country to brace for an imminent rise in interest rates.Interest rates in the southern African nation have been capped at ...Published: 05 Apr 2019 at 06:38hrs | 1074 | by Staff reporter
Understanding the ZAMCO business model
There has been a lot of talk about the Zimbabwe Asset Management Company (Zamco) lately, particularly after the appearance of the Reserve Bank of Zimbabwe governor, John Mangudya, before the Parliamen...Published: 04 Apr 2019 at 07:02hrs | 519 | by Vince Musewe
Zimbabwean banks ask RBZ to lift interest-rate cap
Zimbabwe's lenders, which include units of Standard Bank Group and Ecobank, appealed to the central bank to raise interest rates that have been capped at 12% for the past two years, saying this would ...Published: 03 Apr 2019 at 20:22hrs | 1667 | by Bloomberg
ZANU PF Propaganda Tsar turns against Mnangagwa's government
One of ZANU PF's ZANU PF spin doctors Jones Musara has attacked President Emmerson Mnangagwa's choice of government officials saying it is stuffed with remnants of former President Robert Mugabe's off...Published: 03 Apr 2019 at 16:21hrs | 14229 | by Mandla Ndlovu
US economist ranks Zimbabwe second most miserable country in the World
Are Zimbabweans truly miserable?“I have learned now that while those who speak about one's miseries usually hurt, ...Published: 02 Apr 2019 at 08:17hrs | 2109 | by Amenna Dayo
Shame on you Zanu PF
Editor ,The move by the Zimbabwe National Army (ZNA) to bar Zanu-PF bigwigs from interfering with food distribution in the Cyclone Idai ravaged areas is quite commendable.It is very in...Published: 31 Mar 2019 at 13:48hrs | 1853 | by Stanley Mawire
Zimbabwe the way forward
Good Evening my fellow Zimbabweans, I would firstly like to offer my condolences to the bereaved families and offer some words of encouragement to the victims of cyclone Idai that affected the...Published: 27 Mar 2019 at 07:24hrs | 1380 | by Terence Simbi
Hubby kills wife over spanner
SIXTY-FIVE-YEAR-OLD Eliphas Toziva from Shurugwi recently fatally stabbed his wife, Engeline Marecha (age unknown), for lending their neighbour a spanner without his consent.Midlands provincia...Published: 25 Mar 2019 at 07:04hrs | 1083 | by Staff reporter
Mnangagwa in frank discussions with Matebeleland civic groups?
PRESIDENT Mnangagwa yesterday held frank and robust discussions with Matebeleland civic groups at the State House in Bulawayo, stressing the need for national cohesion and collective efforts in taking...Published: 22 Mar 2019 at 06:23hrs | 423 | by Staff reporter
Chamisa wants MPs to push for Department of Civil Protection reform
OPPOSITION leader Nelson Chamisa wants his legislators to push for capacitation and reform of the Department of Civil Protection (DCP) in the aftermath of the devastating Cyclone Idai.Currentl...Published: 20 Mar 2019 at 07:21hrs | 454 | by Staff reporter
Muzamhindo pushes for a Policy Indaba
Tinashe Eric Muzamhindo's initiativeI'm driving a national agenda which has no political affiliation, but to assist on enhancing development. We simply ...Published: 19 Mar 2019 at 22:31hrs | 220 | by Tinashe Eric Muzamhindo
CBZ: Zimbabwe's best bank in 2018
CBZ Bank has been voted as Zimbabwe's best-performing bank in 2018 by US-based Global Finance Magazine.CBZ Bank, which has an asset base of US$ 2billion and deposits worth $1,8 billion, is con...Published: 17 Mar 2019 at 08:32hrs | 582 | by Staff reporter
South Africa to monitor Zimbabwe's economic affairs
IN an unprecedented move, Zimbabwe has agreed to allow South Africa - the continent's most developed economy and powerhouse - to sit in official Ministry of Finance meetings to oversee Harare's debt c...Published: 15 Mar 2019 at 17:15hrs | 2227 | by Staff reporter
SA to sit in next critical Zimbabwe Treasury meetings
IN an unprecedented move, Zimbabwe has agreed to allow South Africa - the continent's most developed economy and powerhouse - to sit in official Ministry of Finance meetings to oversee Harare's debt c...Published: 15 Mar 2019 at 06:24hrs | 3509 | by Staff reporter
Government amends Private Voluntary Organisations Act
GOVERNMENT has resolved to amend the Private Voluntary Organisations Act (Chapter 17:05) to ensure that it complies with the requirements of the Financial Action Task Force for combating money launder...Published: 15 Mar 2019 at 05:56hrs | 363 | by Staff reporter
Tendai Biti's mischief exposed
The recent summoning of the Reserve Bank Governor, Dr John Mangudya, to appear before the Parliamentary Public Account Portfolio Committee (PAC) has exposed Tendai Biti, the Committee Chairman of usin...Published: 12 Mar 2019 at 22:29hrs | 7831 | by Staff reporter
'Ethanol blending saves Zimbabwe millions'
RESERVE Bank of Zimbabwe governor John Mangudya on Thursday told Parliament that blending of ethanol with fuel has been saving the country millions of dollars.Mangudya had appeared before the ...Published: 11 Mar 2019 at 07:10hrs | 707 | by Staff reporter
South Africa Reserve Bank to be nationalised
President Cyril Ramaphosa's announcement on Thursday that government intends to continue with plans to nationalise the central bank cased "havoc" in dealing rooms, according to Bianca Botes, Corporate...Published: 09 Mar 2019 at 08:03hrs | 1817 | by Staff reporter
Bakers debunk 100% local wheat bread
INDUSTRY experts have roundly discredited the proposal presented to Cabinet last week by a Gweru farmer who claimed that he could produce a standard loaf of bread using locally-produced wheat alone....Published: 08 Mar 2019 at 10:24hrs | 944 | by Staff reporter
Mthuli Ncube hits brick wall on debt clearance plan
FINANCE minister Mthuli Ncube is struggling to nail down the debt clearance roadmap which has been on the table since 2015 to clear urgent US$2,3 billion in arrears before securing game changing new f...Published: 08 Mar 2019 at 10:22hrs | 2481 | by Staff reporter
Name, shame loan defaulters, Biti demands
PARLIAMENT has demanded that Reserve Bank of Zimbabwe (RBZ) governor John Mangudya make public the schedule of beneficiaries whose loans were taken up by the Zimbabwe Asset Management Company (Zamco) ...Published: 05 Mar 2019 at 10:26hrs | 1947 | by Staff reporter
Mangudya turn tables on Biti
Reserve Bank of Zimbabwe Governor, Dr John Mangudya, yesterday exposed former Finance Minister Tendai Biti's hypocrisy after the former Cabinet minister accused Treasury of failing to seek Parliamenta...Published: 05 Mar 2019 at 07:13hrs | 1222 | by Staff reporter
Panonetsa Mangudya humbles Biti
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday exposed former Finance Minister Tendai Biti's hypocrisy after the former Cabinet minister accused Treasury of failing to seek Parliam...Published: 05 Mar 2019 at 07:10hrs | 843 | by Staff reporter
Botswana credit line to Zimbabwe unpacked
The $95-million credit line to Zimbabwe is earmarked for the private sector and revival of struggling industries.Although this is a drop in the ocean to what Zimbabwe requires for total recove...Published: 04 Mar 2019 at 07:29hrs | 1014 | by DW
'Sadc should mediate in Zimbabwe crisis'
GERMANY has urged Zimbabwe's neighbours to mediate in the country's political and economic crisis, warning the situation could further destabilise the southern African region.In an interview w...Published: 01 Mar 2019 at 18:39hrs | 925 | by Staff reporter
NOIC seeks US$1,5m for ethanol project
National Oil Infrastructure Company of Zimbabwe (Noic) says it requires about US$1,5 million to complete the construction of its two ethanol storage tanks at its Mabvuku depot in Harare.The fi...Published: 24 Feb 2019 at 06:54hrs | 312 | by Staff reporter
Mnangagwa's gamble works for the economy
Monetary Policy is defined as an attempt to achieve broad economic goals by the regulation of the supply of money. The 2018 Monetary Policy Statement (MPS) was prepared on the narrative that Zimbabwe ...Published: 23 Feb 2019 at 09:09hrs | 9084 | by Dr Masimba Mavaza
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 | 2119 | by Staff reporter
Zimbabwe banking sector stable, but assets quality deteriorates
ZIMBABWE'S banking sector remained generally stable and adequately capitalised during the year ended December 2018, but the quality of assets deteriorated as reflected by the increase in the average n...Published: 22 Feb 2019 at 09:01hrs | 108 | by Staff reporter
Banking sector profits jump 61%
ZIMBABWE's banking sector has recorded a 61 percent jump in aggregate profits to $390 million for the year ended 31 December 2018 when compared to $242 million in 2017, according to the Reserve Bank o...Published: 21 Feb 2019 at 22:34hrs | 906 | by Staff repprter
African religion comprises of witches, satanists, spiritualists, spirit mediums
African religion comprises of witches, satanists, spiritualists, spirit mediums, healers, kings and queens. While Christianity remains as that or those institutions preaching, teaching and prophesying...Published: 18 Feb 2019 at 14:50hrs | 3522 | by Reginald Thabani Gola
Spiritual significance of lobola/ roora
Calls to abolish the payment of lobola/roora are associated with some feminist perspective, which decries it as the major cause of inequalities between the sexes. Arguments against it are well establi...Published: 18 Feb 2019 at 07:20hrs | 1684 | by Miriam Tose Majome
Banks plunge into fresh crisis
THE Reserve Bank of Zimbabwe (RBZ) shot down an urgent request by commercial banks to raise interest rates and transaction charges at a crisis meeting held in Harare last week, arguing the move would ...Published: 15 Feb 2019 at 14:35hrs | 3176 | by Staff reporter
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