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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: 17 hrs ago | 723 | by Staff reporter
Zimbabwe to release smaller gold coins
Smaller Zimbabwean gold coins, as small as a tenth of an ounce, are expected to go on sale in November from the Reserve Bank of Zimbabwe so ordinary people can invest in them and store value for their...Published: 12 Aug 2022 at 06:35hrs | 653 | by Staff reporter
Zimbabwe's cash-rich govt suppliers fuel currency volatility
GOVERNMENT procurement and service providers - who include public works contractors and suppliers of goods and services - are destabilising the foreign exchange market by offloading part of their stag...Published: 10 Aug 2022 at 08:40hrs | 1177 | by Staff reporter
Ian Smith was an archangel compared to Mnangagwa
No one must come to Matabeleland bragging that they fought in a war that brought about Zimbabwe independence. The Zimbabwe independence struggle produced the tribal Shona supremacist government that i...Published: 05 Aug 2022 at 09:47hrs | 2258 | by Israel Dube
'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 inflation on downward spiral?
The introduction of gold coins and a review of payment methods for suppliers of goods and services, particularly those undertaking major national infrastructure projects, is expected to see a decline ...Published: 02 Aug 2022 at 06:42hrs | 367 | by Staff reporter
Zimbabwe's main airport finally gets radar system from China
Zimbabwe's main airport is finally getting a radar system after taking delivery of equipment as part of a US$153 million upgrade.Air traffic controllers at the Robert Gabriel Mugabe Internatio...Published: 01 Aug 2022 at 19:07hrs | 1025 | by Staff reporter
Zimbabwe banks run out of gold coins
DEMAND for the new Zimbabwean gold coins has been overwhelming and banks have been inundated by their corporate and individual customers seeking a legal and sensible way of preserving value.Th...Published: 01 Aug 2022 at 06:35hrs | 7164 | by Staff reporter
Zimbabwe infrastructure upgrades to boost revenue performance
GOVERNMENT expects the on-going infrastructural development projects, particularly the upgrading of major highways, to impact positively on revenue performance through improved transport and logistics...Published: 01 Aug 2022 at 06:34hrs | 223 | by Staff reporter
Zimbabwe developing a new US$60bn capita city
Plans to develop Zimbabwe's new capital city in Mt Hampden are gathering momentum, with a masterplan for the multi-billion-dollar ultra-modern development now complete.The US$60 billion metrop...Published: 31 Jul 2022 at 08:10hrs | 16496 | by Staff reporter
Brito is brewing something beautiful at Highlanders
SOMETHING is brewing at Highlanders and the brew master is Portuguese expatriate Baltermar Brito who has so far not only proved to have a good eye for the finest ingredients but a brewmaster of the hi...Published: 30 Jul 2022 at 19:07hrs | 236 | by Staff reporter
Zimbabwe to host high-level forum on debt resolution
The Zimbabwean government said Thursday it will soon host a high-level debt resolution forum with development partners and other stakeholders aimed at building consensus among stakeholders on resolvin...Published: 29 Jul 2022 at 06:56hrs | 499 | by Staff reporter
No joy in Mthuli Ncube's budget
CALLS by Zimbabwe's restive civil service for United States dollar salaries went unheeded by Finance minister Mthuli Ncube yesterday.Ncube doubled the national budget to $1,9 trillion as a res...Published: 29 Jul 2022 at 06:54hrs | 2982 | by Staff reporter
'Mthuli Ncube is out of touch with reality'
MARONDERA Urban Business Forum chairperson Emmanuel Danha: "While the supplementary budget was expected and normal in a hyperinflationary economy such as ours, we note with concern the absence of fres...Published: 29 Jul 2022 at 06:52hrs | 875 | by Staff reporter
Brito opens up on Josta's dismissal
HIGHLANDERS coach Baltemar Brito has said midfielder Joel "Josta" Ngodzo was laid off because he was underperforming.While sources suggested that Ngodzo had differences with members of the tec...Published: 29 Jul 2022 at 06:49hrs | 578 | by Staff reporter
Africanise the law and land
In Mzansi, most citizens can only own real estate when they are dead - their graves and tombstones if they can afford one. From the living majority, they become the silent majority.Throughout ...Published: 27 Jul 2022 at 19:29hrs | 378 | by Lindiwe Sisulu
Power imports cost Zesa US$17m monthly
THE Zimbabwe Electricity Supply Authority (Zesa) requires US$17 million per month for power importation to augment local supplies which are set to receive a major boost with coming on line of Hwange u...Published: 27 Jul 2022 at 06:27hrs | 281 | by Staff reporter
Zimbabwe gold coins start circulating
THE Reserve Bank of Zimbabwe (RBZ) yesterday released the first batch of 2 000 Mosi-oa-Tunya gold coins into the market to provide a store of value alternative to the US dollar in a development expect...Published: 26 Jul 2022 at 06:36hrs | 732 | by Staff reporter
Ngezi experiment backfires?
IT was always coming and it has proven to be an expensive experiment for Ngezi Platinum Stars.The Castle Lager Premier Soccer League side yesterday went separate ways with their coach Benjani ...Published: 26 Jul 2022 at 06:31hrs | 389 | by Staff reporter
Harare-Beitbridge highway project: A new big step in the right direction
AS we turn right off the Harare-Beitbridge highway - just before the intersection of the Harare and Bulawayo arteries five kilometres north of Beitbridge Border Post on the banks of the Limpopo River ...Published: 25 Jul 2022 at 07:57hrs | 1054 | by Staff reporter
Why is Zimbabwe starving?
LONG-STANDING financial troubles and drought in Zimbabwe have pushed millions to the brink of starvation.Government has declared a state of disaster as months of drought have exacerbated a nat...Published: 22 Jul 2022 at 06:43hrs | 753 | by Claire Felter
Bosso out to reclaim their home from Bulawayo City
IT'S a derby of two tales when Highlanders and Bulawayo City FC face-off on Sunday with the former aiming to bounce back to winning ways while the latter continues with their survival fight.Th...Published: 22 Jul 2022 at 06:40hrs | 165 | by Staff reporter
Stanbic Bank assists more than 600 individuals and companies with residential and commercial property needs
Leading financial services institution, Stanbic Bank Zimbabwe has assisted over 600 individuals and corporates acquire residential and commercial properties over the last year as part of its efforts t...Published: 20 Jul 2022 at 21:49hrs | 543 | by Agencies
Errant contractors face blacklisting
Firms using money they earn from Government contracts to deal in the foreign currency black market will be blacklisted from future contracts, have the proceeds of illegal transactions confiscated, the...Published: 19 Jul 2022 at 06:07hrs | 152 | by Staff reporter
Zimbabwe's construction boom chokes suppliers
ZIMBABWE is experiencing a massive boom in housing construction spearheaded by the Government and private developers, which has choked supplies of critical raw materials with suppliers now struggling ...Published: 18 Jul 2022 at 08:25hrs | 436 | by Staff reporter
Obert Mpofu faces hefty bill
Zanu-PF secretary for administration Obert Mpofu and his wife Sikhanyisiwe have finally vacated Esidakeni Farm in Nyamandlovu near Bulawayo following a scathing Supreme Court ruling which condemned th...Published: 17 Jul 2022 at 09:40hrs | 6177 | 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 | 4381 | by Staff reporter
Zanu-PF, CCC legislators unite to condemn fire tenders deal
In a rare show of consensus Thursday, opposition and ruling party legislators roundly condemned the government's deal to procure fire tenders from Belarus with most telling deputy local government min...Published: 15 Jul 2022 at 09:14hrs | 1048 | by Staff reporter
Life gets tough for Zimbabwe's tertiary level students
LIFE for tertiary level students is becoming increasingly difficult due to economic hardships, an official has said.Addressing students at Kwekwe Polytechnic, president of the Zimbabwe Congres...Published: 15 Jul 2022 at 09:13hrs | 835 | by Staff reporter
'RBZ risks litigation over rates'
THE Reserve Bank of Zimbabwe (RBZ) violated the in duplum rule by increasing the bank interest rate to 200% from 80% with indications that the market could be bracing for more economic shocks and liti...Published: 15 Jul 2022 at 09:12hrs | 785 | by Staff reporter
Zesa, Zesco stitch power deal
POWER utility Zesa Holdings is in discussions with its Zambian counterpart, Zesco for importation of 100 megawatts of electricity to supplement local production, NewsDay reportedAccording to Z...Published: 14 Jul 2022 at 09:28hrs | 3600 | by Staff reporter
Joel Ngodzo still Bosso player
HIGHLANDERS have insisted that Joel Ngodzo is still their player following reports that the club has gotten rid of the midfielder.Ngodzo was reportedly on his way to Bulawayo City on loan as B...Published: 14 Jul 2022 at 07:29hrs | 167 | 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
'Chamisa could defeat the unreformed Mnangagwa'
ZIMBABWE has been reeling under a multifaceted economic and political crisis since 2000, and it appears there is no end in sight. Amid chronic high inflation, Zimbabwe is confronted with a crucial gen...Published: 12 Jul 2022 at 18:17hrs | 5566 | by Staff reporter
RBZ dismisses gold coin rumours
The Reserve Bank of Zimbabwe on Thursday dismissed as "fake news", social media content alleging that gold coins were already available ahead of their official release date.The central bank an...Published: 07 Jul 2022 at 20:13hrs | 1376 | by Staff reporter
Cost of Zimbabwe gold coins to be based on international prices
THE Reserve Bank of Zimbabwe (RBZ) is set to commence the trading of gold coins this month in a bid to introduce an alternative store of value in the market amid optimism that the coins will impact th...Published: 05 Jul 2022 at 21:06hrs | 775 | by Staff reporter
Mthuli Ncube says white farmers deal is 'confidential'
OPPOSITION Citizens Coalition for Change (CCC) legislator Allan Norman Markham has insisted that the US$3.5 billion compensation agreement between government and white former commercial farmers should...Published: 04 Jul 2022 at 07:06hrs | 5689 | by Staff reporter
Harare man fails explain source of US$300,000 deposit
A Harare man has had some US$300,000 frozen in a local bank after he failed reportedly failed to explain how and why he money came to be in his account, it has emergedThe High Court recently h...Published: 03 Jul 2022 at 09:25hrs | 761 | by Staff reporter
Mnangagwa's ailing govt splurges millions on ministers
GOVERNMENT will soon splurge millions of United States (US) dollars to buy luxury homes for Cabinet ministers and their deputies at a time President Emmerson Mnangagwa's administration is ...Published: 01 Jul 2022 at 19:45hrs | 2579 | 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
Zimbabwe gold coins: A masterstroke?
IT is indeed in times of crisis and turmoil that the creativity of nations emerges and in my opinion, the idea of launching gold coins by the Reserve Bank of Zimbabwe (RBZ) is a master stroke that cou...Published: 01 Jul 2022 at 07:28hrs | 2742 | by Staff reporter
Workers turn heat on Mthuli Ncube
WORKERS have turned on the heat on Finance minister Mthuli Ncube, accusing him of presiding over the country's economic collapse and ignoring the Tripartite Negotiation Forum (TNF) to help improve wor...Published: 30 Jun 2022 at 06:48hrs | 1558 | by Staff reporter
Court freezes account after US$300 000 deposit
THE High Court has frozen an account at NMB Bank after US$300 000 was deposited into it with inadequate information on its origins, leading to authorities suspecting money laundering.This was ...Published: 30 Jun 2022 at 06:47hrs | 2788 | by Staff reporter
Zimbabwe's forex earnings to reach US$12 billion this year
ZIMBABWE registered US$4,9 billion of foreign currency inflows during the first five months of this year, and is on course to surpass the 2021 record of US$9,7 billion, a senior official has said....Published: 30 Jun 2022 at 06:43hrs | 384 | 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
Mnangagwa gazettes multi-currency system into law
President Mnangagwa has gazetted Statutory Instrument 118A of 2022 entrenching the multi-currency system as announced by Finance and Economic Development Minister Professor Mthuli Ncube yesterday. ...Published: 28 Jun 2022 at 19:24hrs | 1940 | by Staff reporter
Mthuli Ncube redollarises
GOVERNMENT yesterday brought back the United States dollar as legal tender to stem rising inflation and restore confidence in the economy, but critics say the move will lead to more demands for salari...Published: 28 Jun 2022 at 07:26hrs | 9218 | by Staff reporter
Top CIO operative bail ruling deferred
BAIL ruling for a divisional intelligence officer in the Office of the President and Cabinet, Leornard Mutandwa arrested last Thursday over extortion and fraud allegations has been deferred to today....Published: 28 Jun 2022 at 07:17hrs | 337 | by Staff reporter
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
Top spook boss up for extortion
A senior Central Intelligence Organisation officer Leonard Mutandwa appeared in court on Friday charged with fraud and extortion.Mutandwa (48), the Divisional Intelligence Officer, was arreste...Published: 26 Jun 2022 at 10:50hrs | 868 | by Staff reporter
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