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'US dollar to anchor Zimbabwe economic recovery'
PRESIDENT Mnangagwa has reassured the nation that the United States dollar will remain the bedrock of Government plans for accelerated reforms to address the multiplicity of challenges besetting the e...Published: 12 mins ago | 45 | by Staff reporter
Bond notes flood Zimbabwe border towns
The Zimbabwe Cross Border Traders Association has called on Finance and Economic Development Minister Mthuli Ncube to investigate the source of bond notes and other currencies that have flooded the bl...Published: 18 mins ago | 90 | by Staff reporter
Mnangagwa must consider Mthuli Ncube's proposals
WHEN President Emmerson Mnangagwa addressed the nation yesterday, there was hope that he would give a clear strategy towards addressing the currency distortions that have left the country on an econom...Published: 28 mins ago | 67 | by Editorial - newsday
Chamisa's MPs walk out on Mnangagwa
THE government has secured $500 million in foreign credit facilities to ease a cash crisis that has crippled local industry, President Emmerson Mnangagwa said yesterday at the official opening of the ...Published: 29 mins ago | 66 | by Staff reporter
Hiding in the comforts of Sweden: Paul Siwela pens a letter to Mnangagwa
Dear Bhudi Paul, With dismay I read the letter you wrote President Mnangagwa today. I hasten to say that I was disappointed by this militant language you have now adopted as a party: MLO. What...Published: 11 hrs ago | 2999 | by Nomazulu Thata
UK to support Zimbabwe clear its arrears
The United Kingdom says it will support Zimbabwe to clear its arrears with the International Monetary Fund (IMF) and the World Bank.Outgoing British Ambassador Catriona Laing advised on this d...Published: 12 hrs ago | 2747 | by Staff reporter
Mthuli Ncube moves to stabilise forex markets
The Government has negotiated several foreign currency facilities that are set to ease liquidity challenges in the economy, as well as curb parallel forex market activity, President Mnangagwa said tod...Published: 14 hrs ago | 4149 | by Staff reporter
Outrage over govt spending
Zimbabweans have expressed outrage over the government's poor planning and unnecessary expenditure at the expense of preventing medieval diseases like cholera, which has so far claimed the lives of at...Published: 14 hrs ago | 482 | by Staff reporter
Cholera: Harare City Council caught sleeping on the job
The ongoing cholera outbreak started on 1 September in Glen View 3, Harare and has since spread, killing 30 people with 5 463 cases having been reported to date. As usual opposition elements hav...Published: 16 hrs ago | 3536 | by Elijah Chihota
Mnangagwa on real economic test
Barely in less than month since the president has Emmerson Mnangagwa assumed the office, a number of striking developments have taken place. In his November inaugural speech last year, the focus was o...Published: 20 hrs ago | 3067 | by Sithabile Mafu
Paul Siwela pens letter to Mnangagwa, Demands immediate restoration of Matabeleland State
Dear President ED Mnangagwa, Ref: Demand for Immediate Restoration of Matabeleland StateYour Excellency, I am writing to you in my capacity as t...Published: 20 hrs ago | 4021 | by Paul Siwela
Zimbabwe needs its billionaires back
Outspoken Norton legislator Temba Mliswa has called for the return of Zimbabwean billionaires to come back home and revive the economy ."Zim needs its billionaires like @Strive Masiyiwa back i...Published: 21 hrs ago | 6678 | by Simbarashe Sithole
Stunted exploration to stifle Zimbabwe gold output growth
Fidelity Printers and Refiners (Fidelity), the country's sole gold buyer, says gold output could hit 50 tonnes in two years on the back of a central bank support to the small-scale mining sector, but ...Published: 23 hrs ago | 369 | by Staff reporter
US$ black market rate spirals
Exchange rates on Zimbabwe's parallel market have risen sharply in the past week to 100% for real time gross settlement (RTGS) transfers, triggering fears of more price increases.Zimbabwe's ch...Published: 23 hrs ago | 4196 | by Staff reporter
Zimbabwe economy on the mend
Zimbabweans have entered the most anxious week. The new cabinet flew into a cholera crisis and from nowhere prices sky rocketed and rates came to obnoxious stinking levels. Mthuli Ncube's first week i...Published: 23 hrs ago | 2176 | by Dr Masimba Mavaza
Cholera fund 'fraud', Harare City Council workers suspended
SOME Harare City Council officers have been suspended from work with immediate effect following allegations of overcharging for goods and services to cash in on a $10 million donation from Econet Grou...Published: 18 Sep 2018 at 06:37hrs | 948 | by Staff reporter
Mnangagwa ally resigns as NRZ board chairman
NATIONAL Railways of Zimbabwe (NRZ) board chair, Larry Mavima, has resigned as the parastatal's chairman following his recent swearing in as Senator for Shurugwi-Zvishavane and appointment as Minister...Published: 18 Sep 2018 at 06:34hrs | 1064 | by Staff reporter
What does investment look like on the ground in Zimbabwe?
LAST week I was at the African Studies Association of the UK (ASA) conference in Birmingham. I was co-hosting, with my colleague Jeremy Lind (whose earlier blog this one draws from), a fantastic strea...Published: 18 Sep 2018 at 06:31hrs | 321 | by Ian Scoones
Econet celebrates 20 years of ZSE listing
Econet Wireless Zimbabwe yesterday reached a major milestone after completing 20 years since its shares were listed and first publicly traded on the Zimbabwe Stock Exchange (ZSE); a month after Zimbab...Published: 18 Sep 2018 at 06:17hrs | 53 | by Staff reporter
PHOTO: Vendor's photos go viral on social media amid cholera outbreak
A photo of a vendor washing his veggies in sewage water has gone viral. It is not clear whether the photo is from Zimbabwe or some other country.Zimbabwe is currently battling a deadly cholera...Published: 17 Sep 2018 at 20:29hrs | 20807 | by Social media
Mthuli Ncube secures $250m loan
The new Minister of Finance and Economic Development, Professor Mthuli Ncube has secured a $250 million commercial loan facility from an international finance company, Gemcorp through the Reserve Bank...Published: 17 Sep 2018 at 19:58hrs | 9514 | by Staff reporter
Anger on social media over Mugabe, Grace chartered flight
Zimbabweans have reacted angrily on social media after President Emmerson Mnangagwa's government reportedly chartered a plane for former president Robert Mugabe and his wife Grace, who flew to Singapo...Published: 17 Sep 2018 at 14:25hrs | 4087 | by Staff reporter
MDC-T Khupe bemoans cholera outbreak
The Movement for Democratic Change (MDC-T) led by Thokozani Khupe hsa lamented the outbreak of Cholera especially in Harare urging the stakeholders and well wishers to chip in to curb the problem....Published: 17 Sep 2018 at 09:03hrs | 1534 | by Stephen Jakes
Mugabe's son-in-law under probe
PRESIDENT Emmerson Mnangagwa's anti-corruption unit has reportedly opened investigations into former President Robert Mugabe's son-in-law, Simba Chikore's involvement in the botched ZimAirways deal, N...Published: 17 Sep 2018 at 07:20hrs | 2887 | by Staff reporter
Masimba foretells infrastructure boom, strong earnings
Masimba Holdings, a Zimbabwe Stock Exchange-listed contracting company, expects Zimbabwe's infrastructure sector to recover strongly in the outlook and drive its contracting business.CEO Canad...Published: 17 Sep 2018 at 07:14hrs | 843 | by Staff reporter
I regret joining Tendai Biti
FORMER vice-president of the Joice Mujuru-led National People's Party Samuel Sipepa Nkomo says his political career, spanning nearly six decades, had so many ups and downs, but the lowest dip was when...Published: 17 Sep 2018 at 07:13hrs | 5639 | by Staff reporter
Zivhu calls for probe into cash vending
CHIVI SOUTH legislator Killer Zivhu (Zanu-PF) feels the government and the Reserve Bank of Zimbabwe (RBZ) must investigate circumstances resulting in the current cash crisis in the formal banking syst...Published: 17 Sep 2018 at 07:10hrs | 1352 | by Staff reporter
Churches set up cholera, typhoid response fund
THE Zimbabwe Council of Churches (ZCC) has established a cholera and typhoid response fund to deal with the outbreak of the twin waterborne diseases that have claimed 28 lives in Harare and affected t...Published: 17 Sep 2018 at 07:00hrs | 119 | by Staff reporter
ZimTrade urges value-added trade
ZimTrade, Zimbabwe's export promotion institution, has called for the deepening of valued-added manufacturing on current exports to Germany to diversify the country's export basket and scale up global...Published: 17 Sep 2018 at 06:57hrs | 43 | by Staff reporter
NSSA finds investor for Beitbridge hotel
THE National Social Security Authority (NSSA) is finalising an agreement with a leading hotel company that will see its closed Beitbridge hotel facility being re-opened. The proposed venture i...Published: 17 Sep 2018 at 06:52hrs | 302 | by Staff reporter
ZB avails 708 Plumtree housing stands
ZB BANK has availed 708 housing stands in Plumtree Town, which have since been opened up for sale to prospective home seekers in a partnership with the local authority. Speaking in Bulawayo du...Published: 17 Sep 2018 at 06:50hrs | 306 | by Staff reporter
Datlabs invests $1 million
PHARMACEUTICAL and personal care products maker, Datlabs Limited, has invested $1 million in capital expenditure meant to bolster production capacity and meet market supply requirements. The B...Published: 17 Sep 2018 at 06:47hrs | 205 | by Staff reporter
Remittance income drives Africa's economic growth - Report
A report launched by the Institute of Chartered Accountants in England and Wales (ICAEW) has said that despite an economic slowdown, most African countries are having a positive economic outlook. ...Published: 17 Sep 2018 at 06:46hrs | 96 | by Staff reporter
Zimra ordered to refund Zimplats $9,5m
ZIMBABWE Revenue Authority (ZIMRA) has been caught on the wrong side of the law in collecting revenue and the High Court has ordered it to pay back $9,5 million it unlawfully garnished from a local mi...Published: 17 Sep 2018 at 06:46hrs | 204 | by Staff reporter
Sugar firm in $45m tax storm
Zimbabwe Sugar Sales (ZSS) Ltd, a company that sells and distributes sugar on behalf of Hippo Valley Estates and Triangle Limited, has been caught up in a $45 million tax evasion storm. The Zi...Published: 17 Sep 2018 at 06:44hrs | 209 | by Staff reporter
Zamco gives grace period for bad loans
The Zimbabwe Asset Management Company (Zamco) will allow an eight-year moratorium on all restructured non-performing loans (NPLs) before the central bank's bad loans cleansing special purpose vehicle ...Published: 17 Sep 2018 at 06:43hrs | 62 | by Staff reporter
World Bank optimistic on Mnangagwa's new Cabinet
Bretton Woods institution, the World Bank says work outlined by the new Cabinet should determine the flow of foreign direct investment (FDI) into the country, as investors are increasingly warming up ...Published: 17 Sep 2018 at 06:40hrs | 526 | by Staff reporter
$6m ethanol project takes shape
The National Oil Infrastructure Company of Zimbabwe (NOIC) is targeting to complete the construction of two ethanol storage tanks with capacity of 6 million litres at its Mabvuku Depot in Harare by en...Published: 17 Sep 2018 at 06:39hrs | 131 | by Staff reporter
Tsvangirai's MDC relives the spirit of 1999
The Movement for Democratic Change (MDC) is for the first time celebrating its anniversary in the absence of its charismatic founding leader, Morgan Tsvangirai, who died in February this year and effo...Published: 16 Sep 2018 at 13:39hrs | 2670 | by Staff reporter
Grace Mugabe's love for finer things
Just when the rest of the country thought all love had been lost between the former and current first families, it seems President Emmerson Mnangagwa managed to hit the right cords to melt especially ...Published: 16 Sep 2018 at 13:38hrs | 13077 | by Staff reporter
Hefty perks for Obert Mpofu and other fired old gurad
President Emmerson Mnangagwa has thrown a lifeline to his fellow comrades-in-arms whom he dropped from his Cabinet more than a week ago by giving them plum jobs at the Zanu-PF headquarters, complete w...Published: 16 Sep 2018 at 13:37hrs | 6401 | by Staff reporter
Mthuli Ncube's mission impossible?
While everyone in President Emmerson Mnangagwa's Cabinet is expected to hit the ground running, it is Finance minister Mthuli Ncube who has the most difficult mission to accomplish.Mnangagwa r...Published: 16 Sep 2018 at 13:34hrs | 2299 | by Staff reporter
Zimbabwe MPs challenged to forego cars
ZANU-PF MPs have called on colleagues in Parliament to forgo their perks including top-of-the-range vehicles worth over $20m that government is set to buy them and channel the resources towards combat...Published: 16 Sep 2018 at 13:31hrs | 3287 | by Staff reporter
Govt speaks on fuel situation
Erratic fuel supplies being experienced throughout the country have now been addressed, the Zimbabwe Energy Regulatory Authority (Zera) told the Daily News on Sunday yesterday.Zera chief execu...Published: 16 Sep 2018 at 13:28hrs | 996 | by Staff reporter
Plot to oust Mphoko from Choppies exposed
Zimbabwean shareholders in the Botswana-based multinational grocery and general merchandise retailer Choppies Enterprises have accused the company's other shareholders of trying to "capture" them like...Published: 16 Sep 2018 at 09:33hrs | 5209 | by Staff reporter
Mthuli Ncube's five big challenges
NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube faces the unenviable task of navigating Zimbabwe's stuttering economy through serious challenges and will need to make tough deci...Published: 16 Sep 2018 at 09:11hrs | 3366 | by Staff reporter
Zimbabwe budget deficit seen widening
Zimbabwe's budget deficit will increase this year after government awarded its workers a 17,5% wage increase while revenue collection remains weak, according to a leading research firm."A hike...Published: 16 Sep 2018 at 09:08hrs | 484 | by Staff reporter
Harare Carnival a drain on the fiscus
Organisers of the Harare International Carnival (HIC), Zimbabwe Tourism Authority (ZTA), once more came to the defence of the event when the question relating to the event's purpose in relation to inv...Published: 16 Sep 2018 at 09:04hrs | 241 | by Staff reporter
Poor urban service delivery leads to disease outbreak
POOR service delivery in towns and cities has been the major cause of diseases such as cholera and typhoid.It is a pity that residents in most urban centres in the country have since the turn ...Published: 16 Sep 2018 at 08:51hrs | 102 | by Staff reporter
Mnangagwa cannot do it alone
Command Agriculture has put the country on the path of food self-sufficiency, increased rural incomes and better living standards.Agriculture's influence, as a sector which supplies 60 percent of ...Published: 16 Sep 2018 at 08:50hrs | 278 | by Munyaradzi Mlambo
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