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Young Women for ED Gwanda outreach launched
THE Young Women for Economic Development (YWED) has spread its wings countrywide with the Gwanda chapter launched.The women empowerment oriented organisation last year successfully launched ou...Published: 16 hrs ago | 75 | by Staff reporter
RBZ resumes forex auction
THE weekly Foreign Currency Auction Trading System resumed activity this Tuesday after the festive season break with the Zimbabwe dollar trading at 112,82 against the United States dollar.The ...Published: 20 Jan 2022 at 05:33hrs | 230 | by Staff reporter
Zimdollar tanks as RBZ forex auction resumes
THE weekly Foreign Currency Auction Trading System resumed activity yesterday after the festive season break with the Zimbabwe dollar trading at 112,82 against the United States dollar.The Res...Published: 19 Jan 2022 at 19:57hrs | 985 | by Staff reporter
Key expectations from upcoming monetary policy
The Reserve Bank of Zimbabwe (RBZ) is expected to present the first monetary policy statement of 2022 within the next 30 days amid rising inflationary pressures. The monetary policy comes after the de...Published: 19 Jan 2022 at 11:52hrs | 597 | by Victor Bhoroma
Mangudya ranked worst performing central bank governor in Africa
The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories, including the European Union, the Eastern Carib...Published: 12 Jan 2022 at 05:13hrs | 5053 | by Staff reporter
CBZ tops blocked funds list
CBZ Bank has the highest amount (US$424 million) out of 580 companies with funds that could not be repatriated from the country - commonly known as blocked funds - latest official figures show....Published: 10 Jan 2022 at 05:57hrs | 777 | by Staff reporter
Rogues wreak havoc on forex auction, says RBZ
ZIMBABWE'S foreign currency auction system is under siege from a cartel of rogue local and international companies externalising millions of United States dollars (USD) under a well-orchestrated schem...Published: 07 Jan 2022 at 19:40hrs | 800 | by Staff reporter
Chiwenga 'engaging' UN to recoup millions from countries hosting Zimbabwean nurses, doctors
THE Zimbabwean government says it is engaging the United Nations in an attempt to recover millions of dollars from countries that have recruited the nation's health workers, including nurses and docto...Published: 02 Jan 2022 at 18:55hrs | 2426 | by Staff reporter
Zimbabwe peddles a world-class Constitution that guarantees
The truth however, is this is just for show and is rarely enforced. How then can we use the beautiful...Published: 31 Dec 2021 at 16:49hrs | 872 | by Sam Wezhira
20 years of ruinous sanctions
The unilateral sanctions imposed on Zimbabwe by the West in the last 20 years have, among others, adversely affected the country's ability to boost its manufacturing sector, build health and education...Published: 29 Dec 2021 at 05:21hrs | 136 | by Staff reporter
Underfunding irks Nyoni
SITHEMBISO Nyoni, the Small-Medium Enterprises (SMEs) minister, is one of Zimbabwe's longest serving Cabinet ministers. But she has the hardest assignment in President Emmerson Mnangagwa's government ...Published: 24 Dec 2021 at 16:40hrs | 568 | by Staff reporter
US$100bn stolen from US pandemic relief
Nearly US$100 billion at minimum has been stolen from Covid-19 relief programmes set up to help businesses and people who lost their jobs due to the pandemic, the US Secret Service said on Tuesday....Published: 24 Dec 2021 at 07:22hrs | 210 | by Staff reporter
Vapostori pledge allegiance to Zanu-PF
A LEADER of the Johanne Masowe Echishanu, Andby Makururu has pledged allegiance to the ruling Zanu-PF party, saying President Emmerson Mnangagwa was economically empowering members of his sect....Published: 20 Dec 2021 at 05:52hrs | 1410 | by Staff reporter
Over 280 000 Zipra cadres not vetted
THE Zipra War Veterans Association has claimed that over 280 000 of its members were yet to be vetted amid fears that they might be left out of government programmes meant to empower freedom fighters....Published: 14 Dec 2021 at 05:51hrs | 523 | by Staff reporter
Formalise your operations, vendors told
INFORMAL traders have been urged to formalise their businesses to access finance including loans from banking and other micro-financial institutions.The Vendors Initiative for Social and Econo...Published: 12 Dec 2021 at 19:18hrs | 16 | by Staff reporter
Agric loans hit $302m
Banks have loaned more to the agriculture sector this year than other sectors as they view it as a growth area that anchors the economy.The sector got 31 percent, or $302 million, of the total...Published: 05 Dec 2021 at 06:12hrs | 2 | by Staff reporter
Botswana investors launch battle to reclaim gold mine
FOUR Botswana nationals have appealed to President Emmerson Mnangagwa, Zimbabwe Anti-Corruption Commission (Zacc), the Foreign Affairs ministry and other state organs in a bid to claim part of a gold ...Published: 04 Dec 2021 at 18:48hrs | 16 | by Staff reporter
Civil servants withdraw forex bonuses
CIVIL servants were smiling all the way to the bank yesterday as they started receiving their bonuses in foreign currency.They are receiving up to a maximum of US$700 and civil service pension...Published: 02 Dec 2021 at 05:29hrs | 4 | by Staff reporter
Zimbabwe to borrow $147 billion in 2022
Finance and Economic Development Minister, Professor Mthuli Ncube, says the Treasury will borrow $146,8 billion using Treasury Bills (TBs) and Treasury Bonds in 2022 to finance key Government projects...Published: 01 Dec 2021 at 05:34hrs | 4 | by Staff reporter
Govt dangles land to PWDs
GOVERNMENT has dangled farming land to people with disabilities (PWDs) throughout the country, saying this would empower them to make a living through agriculture.This was disclosed yesterday ...Published: 29 Nov 2021 at 05:35hrs | 1 | by Staff reporter
Zimbabweans fret over SA decision on permits
The decision by South Africa's Cabinet on Wednesday last week to discontinue the issuance of Zimbabwean special dispensation permits has raised anxiety among many locals living in that country who hav...Published: 29 Nov 2021 at 05:31hrs | | by Staff reporter
Govt issues $24 billion Covid-19 guarantees
FINANCE minister Mthuli Ncube says government has issued debt guarantees amounting to $24,2 billion and US$15,2 million to help firms ride out Covid-19 induced operational problems.A governmen...Published: 28 Nov 2021 at 08:04hrs | 4 | by Staff reporter
US$4 billion mystery in Afreximbank, Zimbabwe deals
SHARP differences emerged between Zimbabwean authorities and the Africa Export–Import Bank (Afreximbank) on Friday over the value of loans extended by the regional lender to Harare.During a ...Published: 28 Nov 2021 at 08:02hrs | 4 | by Staff reporter
Mnangagwa rejects copies of stolen artefacts
Africa should insist that archives and museum objects of its heroes should be originals, not digital copies, with Zimbabwe one of the countries with the facilities ready to receive and protect this he...Published: 25 Nov 2021 at 09:34hrs | 4 | by Staff Reporter
Innscor shells US$70m on expansion
ZIMBABWE Stock Exchange-listed blue-chip, Innscor Africa Limited, has injected about US$70 million to consolidate its expansion operations, according to the group's chairperson, Addington Chinake....Published: 23 Nov 2021 at 05:58hrs | 205 | by Staff reporter
Steward Bank profit up 263% to $252 million HY
STEWARD Bank Zimbabwe has shrugged the disruptive impact of the Covid-19 pandemic and inflationary pressures to report impressive half-year financial results to+ August 31, 2021.The bank, a su...Published: 23 Nov 2021 at 05:55hrs | 1 | by Staff reporter
Second Republic marred by litany of unfulfilled pledges
WHEN President Emmerson Mnangagwa got into power in 2017, a lot of promises were made, creating the impression that Zanu-PF was ready to give Zimbabweans a fresh start.Four years later, it see...Published: 22 Nov 2021 at 06:16hrs | 1 | by Staff reporter
Covid-19 protocols remain in force
Cabinet received an update on the country's response to the Covid-19 pandemic, procurement and roll-out of vaccines, as presented by chairman of the Ministers' National Committee, Vice President and M...Published: 17 Nov 2021 at 05:06hrs | 1 | by Staff reporter
Zidera and sanctions simplified
THE United States Congress passed the Zimbabwe Democracy and Economic Recovery Act (Zidera) in 2001. The Act has been subsequently revised, with the most recent amendment being in 2019. It is a very s...Published: 13 Nov 2021 at 07:39hrs | 2 | by Miriam Tose Majome
Zimbabwe re-engages retired nurses
GOVERNMENT has turned to retired nurses and training of Primary Care Nurses (PCNs) as a solution to the massive brain drain currently bleeding the country's health sector, the Zimbabwe Independent can...Published: 13 Nov 2021 at 05:54hrs | 8 | by Staff reporter
$8 billion target for Intwasa programme
HEAVY rains that fell in Gokwe North District from Wednesday night till yesterday morning brought relief to villagers after days of high temperatures.And that relief turned into celebration wh...Published: 12 Nov 2021 at 05:33hrs | | by Staff reporter
Police, MDC dismiss Biti abduction claims
Both the police and the MDC-Alliance have dismissed social media reports that MDC-A vice president Mr Tendai Biti was abducted at his Harare home on Monday.Social media stories had indicated M...Published: 11 Nov 2021 at 06:20hrs | 1 | by Staff reporter
Magistrate recuses self in Mamombe, Chimbizi case
HARARE regional magistrate Mrs Vongai Guwuriro today recused herself from presiding over MDC-Alliance members loans Mamombe and Cecilia Chimbiri case where they allegedly faked their abductions someti...Published: 11 Nov 2021 at 06:19hrs | | by Staff reporter
ESIDAKENI FARM SAGA: Plot against Obert Mpofu exposed
Obert Mpofu is a popular brand in Zimbabwean politics and media. Mpofu is a man who needs no introduction as he is a political heavyweight who has navigated his way through different political landsca...Published: 09 Nov 2021 at 09:54hrs | 8 | by Nicholas Ncube
IMF freezes funds for Afghanistan over political uncertainty
The International Monetary Fund (IMF) has put on hold funds to Afghanistan amid the rising uncertainty in the country.These developments came after IMF recently announced a $650 billion Specia...Published: 08 Nov 2021 at 14:12hrs | 1 | by Agencies
Youth League applauds Mnangagwa
THE Zanu-PF Youth League has welcomed President Mnangagwa's decision to include all national youth executive leaders who are more than 35 years old into the party's Central Committee as ex-officio mem...Published: 07 Nov 2021 at 07:08hrs | 1 | by Staff reporter
Chiwenga hails Bulawayo for best vaccination record
VICE-PRESIDENT Dr Constantino Chiwenga yesterday hailed Bulawayo Province for the best vaccination record nationwide with over 50 percent of the population having received the first dose while over 44...Published: 06 Nov 2021 at 06:21hrs | 1 | by Staff reporter
Give to Caesar what belongs to Caesar
IT IS quite unfortunate that the land reform was politicised. Land resettlement was one of the main reasons for the liberation struggle. The idea was that everyone gets access to land, despite their r...Published: 05 Nov 2021 at 16:17hrs | 1 | by Kudakwashe Gwabanayi
Banks lobby for tax regime revamp
ZIMBABWE'S banking sector says government must extend tax payment periods to twice a year to give industries breathing space after being affected by pandemic-related headwinds.Under current po...Published: 01 Nov 2021 at 07:27hrs | | by Staff reporter
Mnangagwa's govt pampers army, police
ZIMBABWE plans to splurge millions of United States dollars to procure about 1 000 brand new vehicles for the security services sector next year, to bolster their operations in a move that is likely t...Published: 31 Oct 2021 at 08:28hrs | 98 | by Staff reporter
ZDERA framed to harm Zimbabwe
ON December 21, 2001, the then United States of America president, Mr George Bush, signed into law the Zimbabwe Democracy and Economic Recovery Act, marking the imposition of a set of economic sanctio...Published: 31 Oct 2021 at 07:37hrs | | by Staff reporter
Worthless Zimdollar notes clog banks
BANKS have requested the Reserve Bank of Zimbabwe (RBZ) to decommission $2 and $5 bond notes, saying smaller denomination currency ranges have turned into a burden for financial institutions to keep....Published: 31 Oct 2021 at 07:04hrs | | by Staff reporter
Stanbic Bank Targets Diasporans To Build Houses Back Home
Harare, 27 October 2021 - Stanbic Bank is committed to playing its part in assisting Zimbabweans in the diaspora to build and own houses back home through its mortgage finance facility tailor-made for...Published: 27 Oct 2021 at 13:33hrs | 5 | by Staff Reporter
Unpacking ZIDERA, atrocities of sanctions
It is without doubt that sanctions are a crime against humanity, an unfair treatment of race against race, nation against nation, the strong against the presumably weak, all with the intention to crea...Published: 26 Oct 2021 at 05:38hrs | 2 | by Takasununguka Ziki
Zimbabweans march against sanctions
Zimbabweans across the country commemorated the Sadc-initiated Anti-Sanctions Day by holding peaceful demonstrations denouncing the embargoes imposed by some Western countries against Zimbabwe....Published: 26 Oct 2021 at 05:38hrs | 2 | by Staff reporter
Banks under fresh pressure
CHIEF executives of banks came under pressure at the weekend to act on concerns that financial institutions were fleecing consumers through punitive fees and commission charges on their accounts, whil...Published: 25 Oct 2021 at 05:26hrs | | by Staff reporter
RBZ calls for Zimdollar pricing
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has implored public entities including local authorities to price their services in local currency. Speaking at the ongoing 2022 pre-bu...Published: 25 Oct 2021 at 05:22hrs | | by Staff reporter
Remove yoke of sanctions so Zimbabwe can breathe
ZIMBABWE tomorrow joins the Southern Africa Development community, the wider African continent and other progressive nations of the world in commemorating the Day of Solidarity Against Illegal Sanctio...Published: 24 Oct 2021 at 08:28hrs | | by Staff reporter
It's the economy, stupid!
WORKING for government remains one of the surest ways for a stable income, job security and above all, a ticket to further studies for many across the globe.However, with each passing day, the...Published: 23 Oct 2021 at 05:35hrs | | by Paidamoyo Muzulu
Denying that there sanctions against Zimbabwe now a discredited position
All is primed for the observation of the Anti-Sanctions Solidarity Day which was declared by Southern African Development Community (SADC) leaders to take place every 25 October.The day this y...Published: 22 Oct 2021 at 05:26hrs | | by Lovemore Chikova
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