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Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 622 | by Staff reporter
Zimbabwean exporters granted duty-free access to UK markets
Zimbabwean exporters have been encouraged to explore new markets and boost exports through the United Kingdom's Eastern and Southern Africa Economic Partnership Agreement (UK ESA EPA), which offers si...Published: 16 Sep 2024 at 13:36hrs | 479 | by Staff reporter
GMB maize stocks fall
MAIZE stocks have declined in the nation's reserves at Grain Marketing Board (GMB) depots dotted across the country, and this may worsen food insecurity situation at a time when inflation and currency...Published: 11 Mar 2024 at 09:08hrs | 1 | by Staff reporter
Minister commissions first Binga propaganda radio station
INFORMATION, Publicity and Broadcasting Services Minister, Dr Jenfan Muswere, yesterday officially commissioned Twasumpuka FM, the first and only community radio station in Binga District in Matebelel...Published: 01 Mar 2024 at 19:03hrs | | by Staff reporter
Zimbabwe millers to import 1,1 million tonnes of maize
Private businesses under the Grain Millers Association of Zimbabwe will import up to 1,1 million tonnes of maize between now and March next year to augment Government efforts to ensure availability of...Published: 28 Feb 2024 at 06:25hrs | 1 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | | by Staff reporter
IMF tells Zimbabwe to deal with Zimdollar issue
THE International Monetary Fund (IMF) has implored the government to remove the 10% trading margin on domestic transactions, saying the policy was causing exchange restrictions and distortions....Published: 15 Feb 2024 at 10:05hrs | | by Staff reporter
Zimbabwe's inflation surges following Zimdollar rout
Inflation in Zimbabwe surged as a currency rout pushed up the prices of goods and services, adding to pressure on the central bank to act.Consumer prices rose an annual rate of 34.8% in Januar...Published: 29 Jan 2024 at 16:30hrs | | by Staff reporter
Zimdollar flounders
Zimbabwe's central bank will hold its first rate-setting meeting of the year next Monday as it seeks to deal with a currency rout.The monetary policy committee will meet "to discuss interventi...Published: 25 Jan 2024 at 06:37hrs | 1 | by Staff reporter
Zimbabwe's open skies policy gets continental recognition
ZIMBABWE's open skies policy has won the country an award from the African Civil Aviation Commission (AFCAC) during the recently held 24th Yamoussoukro Decision Day (YD) anniversary in Abuja, Nigeria....Published: 29 Nov 2023 at 05:03hrs | 16 | by Staff reporter
Air Zimbabwe appoints substantive CEO
AIR Zimbabwe yesterday confirmed Mr Edmund Makona as its substantive chief executive with effect from the beginning of this month after holding the post in an acting capacity since April when he took ...Published: 14 Nov 2023 at 04:45hrs | 9 | by Staff reporter
Nampak cashes in on Zimdollar scarcity
PACKAGING materials supplier Nampak Zimbabwe says it has benefited from improved United States dollar collections during the third quarter ended June 2023 on the back of constrained local currency liq...Published: 16 Aug 2023 at 06:48hrs | 9 | by Staff reporter
Zanu-PF's well-oiled campaign raises eyebrows
A day after President Emmerson Mnangagwa's rally in Harare on August 9, thousands of empty boxes of fast foods were strewn across the venue spanning up to more than the size of four soccer fields....Published: 13 Aug 2023 at 21:57hrs | 9 | by Staff reporter
Gold tokens to become medium of exchange in Zimbabwe
THE Reserve Bank of Zimbabwe (RBZ) is finalising the modalities of rolling out the gold-backed digital tokens as a medium of exchange for domestic transactions to complement the US dollars, Governor D...Published: 10 Aug 2023 at 06:43hrs | 9 | by Staff reporter
'Zimbabwe working on open skies policy'
ZIMBABWE is hoping to soon fully implement the open skies policy as envisaged by the African Union 2063 agenda, Civil Aviation Authority of Zimbabwe director-general Elijah Chingosho has said....Published: 24 Jul 2023 at 18:15hrs | 2 | by Staff reporter
Zimdollar demand soars
DEMAND for the Zimbabwean dollar continues to soar as more businesses and individuals seek to transact using the local currency, which has regained its lost value for the third consecutive time at the...Published: 05 Jul 2023 at 07:15hrs | | 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 | 8 | by Staff reporter
Zimbabwean business fears its government will interfere with the exchange rate
ZIMBABWEAN businesses fear that President Emerson Mnangagwa's administration, which is blaming foreign companies of inflating prices ahead of a key election in August, could resort to interfering with...Published: 26 Jun 2023 at 06:52hrs | 25 | by Staff reporter
Zimbabwe business jittery as electioneering goes a gear up
The business community fears that the government could resort to exchange rate control to manage inflation and price increases. Picture: Shepherd TozvirevaZimbabwean businesses fear that Presi...Published: 25 Jun 2023 at 09:37hrs | | by Staff reporter
Mnangagwa claims the resurgent skyrocketing inflation is a calculated political attack
Zimbabwean President Emmerson Mnangagwa claims the resurgent skyrocketing inflation - which has seen the country plunge into a third hyperinflation wave in 15 years - is a calculated political attack ...Published: 14 Jun 2023 at 09:08hrs | | by Staff reporter
Convergence of official and unofficial exchange rates possible, says IMF
THE International Monetary Fund has urged Zimbabwe to take further steps on currency reform after the southern African nation stopped short of free-floating its local dollar. The credibility a...Published: 14 Jun 2023 at 06:32hrs | 1 | by Staff reporter
Zimdollar rescue mission too late
THE surprise move by Zimbabwe's fiscal and monetary authorities to liberalise the foreign exchange policy after months of shillyshallying amid a fixed rate could be a case of closing the stable door a...Published: 12 Jun 2023 at 06:45hrs | 2 | by Staff reporter
MPs summon Mthuli Ncube
MEMBERS of Parliament (MPs) have demanded — again — that Finance minister Mthuli Ncube avail himself to the National Assembly to deal with the fast-deteriorating economic situation and answer ques...Published: 12 Jun 2023 at 06:45hrs | 1 | by Staff reporter
Embracing deglobalisation in a globalised world
"The more things change, the more they stay the same ..." is a commonly used quotation coined by the French writer Jean-Baptiste Alphonse Karr.The saying implies that even the most turbulent o...Published: 06 Jun 2023 at 06:50hrs | | by Tapiwa Gomo
Zimbabwe toothpaste maker faces closure
The country's only toothpaste maker - Merken- is in danger of going out of business following the government's decision to allow the unfettered entry of the products it manufactures into the country, ...Published: 28 May 2023 at 08:07hrs | | by Staff reporter
Are investors in African equities poised for wins amidst global turmoil?
It has been a tumultuous first quarter of 2023, and African equities have not been spared.Global markets started the year on a very positive note, with the S&P 500 up 9.0% at its peak in e...Published: 12 May 2023 at 11:17hrs | 6 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
GMAZ blasts informal sector
Grain Millers Association of Zimbabwe (GMAZ) has blasted the informal sector which is flooded with their products at the expense of the formal sector.In a statement, GMAZ chairperson Dr Tafadz...Published: 10 May 2023 at 09:30hrs | 1 | by Simbarashe Sithole
Travellers can now take out US$10 000 cash
THE Reserve Bank of Zimbabwe yesterday doubled the amount of foreign currency in cash someone can physically carry on their person or in their baggage out of the country to US$10 000.Far large...Published: 02 Mar 2023 at 05:45hrs | | by Staff reporter
Reserve Bank slashes lending rates, increases forex retention
THE Reserve Bank of Zimbabwe (RBZ) has trimmed its bank policy rate to 150 percent from 200 percent per annum and increased foreign currency retention thresholds for exporters on domestic sales while ...Published: 02 Feb 2023 at 22:58hrs | 4 | by Staff Reporter
Zimbabwe slams Western media onslaught
The onslaught being directed to Zimbabwe by the West and its media is as a result of vast wealth endowments the country has which they want to resume their old habits of looting, a Cabinet minister ha...Published: 19 Jan 2023 at 07:27hrs | | by Staff reporter
Passenger group urges citizens to report overcharging transport operators
THE Passengers Association of Zimbabwe (PAZ) has urged citizens to report any incidents of overcharging by commuter omnibus operators in a bid to weed out errant business practices.The call co...Published: 13 Jan 2023 at 05:51hrs | 9 | by Staff reporter
$6 billion for new Zupco buses
Government will spend $6 billion to recapitalise Zupco next year in a development set to enhance service delivery and modernise the mass public transport system.Presenting the 2023 National Bu...Published: 04 Dec 2022 at 08:05hrs | | by Staff reporter
Govt to recruit 7 000 teachers
The GOVERNMENT will recruit an additional 7 000 teachers next year to enhance the delivery of quality education, with special focus on infant education.In the 2023 National Budget tabled in Pa...Published: 27 Nov 2022 at 14:51hrs | | by Staff reporter
Private operators import 150 buses
Private bus companies have imported 150 buses using the zero-duty concession set by Government to complement efforts in improving public transport system.Private operators expect to double the...Published: 05 Oct 2022 at 06:31hrs | | by Staff reporter
'We're a friend to all, an enemy to none'
ADDRESS BY THE PRESIDENT OF THE REPUBLIC OF ZIMBABWE, HIS EXCELLENCY, DR E. D. MNANGAGWA, AT THE GENERAL DEBATE OF THE 77TH SESSION O...Published: 23 Sep 2022 at 05:50hrs | 10 | by Emmerson Dambudzo Mnangagwa
Mnangagwa in Luanda for Dos Santos funeral
PRESIDENT Mnangagwa will today join other Heads of State and Government here for the funeral service of former Angolan President Jose Eduardo Dos Santos, who died at a private clinic in Barcelona, Spa...Published: 28 Aug 2022 at 08:14hrs | | by Staff reporter
Zupco leading local bus assembly revival
From being a shining beacon of mass public transport during the early years of independence, Zupco had in recent years mutated into a classic example of a failed State-owned entity.In 1993, it...Published: 14 Aug 2022 at 07:22hrs | | by Staff reporter
Robert Gabriel Mugabe airport works Phase II commence
The US$153 million expansion of the terminal at Robert Gabriel Mugabe International Airport is at an advanced stage, with the construction almost complete and just awaiting final touch ups being condu...Published: 24 Jun 2022 at 07:32hrs | 8 | by Staff reporter
'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 | 1 | by Staff reporter
IMF warns against Zimbabwe war veterans compensation
THE International Monetary Fund (IMF) has warned that the government's decision to compensate war veterans could have a major strain on the country's debt overhang.This comes after the governm...Published: 27 May 2022 at 20:17hrs | | by Staff reporter
'Zanu-PF uses State funds to buy votes'
LEGAL think-tank, Veritas says the Zanu-PF government is likely to ignore recommendations by the International Monetary Fund (IMF) to resuscitate the economy in favour of "populist" policies that will...Published: 25 May 2022 at 06:33hrs | | by Staff reporter
Kombis ready for return
REGISTERED taxi associations in Bulawayo have started putting in place modalities to bring back hundreds of their vehicles on the road following an announcement by Government that private commuter omn...Published: 22 May 2022 at 08:31hrs | | by Staff reporter
'Zimbabwe Reserve Bank 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: 22 May 2022 at 08:26hrs | 11 | by Staff reporter
Mnangagwa's govt bullish on Zupco viability
THE government is bullish on the profitability and viability prospects of the Zimbabwe United Passengers Company (Zupco) following the opening up of the public transport sector to private players....Published: 21 May 2022 at 18:27hrs | 6 | by Staff reporter
Zimbabwe govt reduces fuel prices
Mandatory blending of ethanol in unleaded petrol has been increased from 10 percent to 20 percent at the end of this month to reduce fuel price increases on the global market and give a relief to ...Published: 18 May 2022 at 18:45hrs | | by Staff reporter
Ethanol blending up increased to 20% to kill injectors
Mandatory blending of ethanol in unleaded petrol has been increased from 10 percent to 20 percent at the end of this month to reduce fuel price increases on the global market and give a relief to ...Published: 18 May 2022 at 06:18hrs | | by Staff reporter
Tshova Mubaiwa to make comeback
GOVERNMENT is in the process of coming up with regulations to guide the liberalisation of the public transport sector.To improve the public transport system, Government in 2020 directed player...Published: 16 May 2022 at 06:22hrs | 1 | by Staff reporter
'The Reserve Bank 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: 15 May 2022 at 06:12hrs | 8 | by Staff reporter
Zimbabwe govt drafting regulations for kombis
GOVERNMENT has said it is in the process of drafting regulations for private transport sector players as it moves to resolve the country's transport crisis.President Emmerson Mnangagwa banned ...Published: 12 May 2022 at 06:31hrs | 1 | by Staff reporter
Kombis back on the road
PRESIDENT Emmerson Mnangagwa has buckled under pressure and has revoked the ban on private public transporters.This comes after his decision to have Zimbabwe United Passenger Company (Zupco) a...Published: 09 May 2022 at 07:06hrs | | by Staff reporter
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