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Beware of ZanuPF's Tricks
One reads "ZanuPF Youths Expel Obert Mpofu" and quickly it rings to the reader that corrupt leaders are being chucked out. But wait and look back. Let us remember the ZanuPF Baba Jukwa phantom. After ...Published: 6 hrs ago | 3621 | by Lovejean Ndlovu: Zapu Youth Front Deputy Information Secretary.
ZANU PF officials clash over corruption list
ZANU PF Member of Parliament for Gokwe-Nembudziya Mayor Justice Wadyajena has condemned the press conference that was done by ZANU PF Youth League on Monday to name and shame alleged corrupt officials...Published: 10 hrs ago | 11262 | by Mandla Ndlovu
Mthuli Ncube's stroke of genius
Industrialists, labour and economists have thrown their weight behind currency reforms, which culminated in the scrapping of the multi-currency system on local transactions, saying it was a "great mov...Published: 12 hrs ago | 3962 | by Staff reporter
Mangudya avails US$330m for critical imports
The Reserve Bank of Zimbabwe (RBZ) has put in place letters of credit (LCs) amounting to US$330 million for importation of critical commodities such as fuel, cooking oil and wheat, as part of a raft o...Published: 12 hrs ago | 883 | by Staff reporter
ZANU PF suspends Obert Mpofu
ZANU PF Youth League has announced that Obert Mpofu has been suspended from the party and will not be allowed to enter party offices until he clears his name on corruption allegations. In a hi...Published: 24 Jun 2019 at 16:33hrs | 29602 | by Mandla Ndlovu
Teachers paid US$35 in June
Zimbabwean teachers were paid salaries which are an equivalent of US$35 during the month of June. In a screen shot that was posted by Progressive Teachers Union of Zimbabwe Secretary General R...Published: 19 Jun 2019 at 14:33hrs | 6095 | by Mandla Ndlovu
Zimbabwe has totally collapsed
Zimbabweans do not need Judas Iscariot to tell them that the economy of Zimbabwe is no more. There is no Zimbabwe and economy to talk about. The procurement of the new anti-riot gear by ZANU PF govern...Published: 19 Jun 2019 at 12:43hrs | 7224 | by Don Chigumba
'People's wholesale' prank irks RBZ
WITTY Zimbabweans never run short of humour to drown their sorrows, particularly now when the economic chips are down.In the latest jest, desperate consumers are being deceived through social ...Published: 15 Jun 2019 at 08:58hrs | 489 | by Staff reporter
'Zimbabwe inflation to shoot up to 280% by year-end'
INFLATION could end the year around 280% and may rise to stratospheric levels thereafter if a new currency is introduced without preceding macro-economic fundamentals, a local research firm has said....Published: 14 Jun 2019 at 08:26hrs | 1659 | by Staff reporter
Paynet switches off Zimbabwe banks
PAYNET, a subsidiary of Mauritian financial services provider Payserv Africa, has suspended all local financial institutions from its transacting platform after they refused to pay in foreign currency...Published: 14 Jun 2019 at 08:24hrs | 6668 | by Staff reporter
RBZ dismisses social media reports
The Reserve Bank of Zimbabwe has issued a statement advising members of the public that the message currently circulating on social media purporting that there is a People's Wholesale and Retail marke...Published: 13 Jun 2019 at 11:05hrs | 8623 | by Mandla Ndlovu
Comeuppance for Gucci comrades
Most people clumsily stumble through life thinking that intelligence is similar to wisdom.Well, it isn't!Intelligence is natural, but wisdom is preternatural. Similarly, while intellig...Published: 09 Jun 2019 at 08:08hrs | 120 | by Bishop Lazi
End of the road Emerson
That's it. Its the end of the road for Emerson Mnangagwa. He should just pack his begs and go back to Zvishavane, or, by the way, is it Zambia. Once a dictator starts changing the constitution to limi...Published: 07 Jun 2019 at 20:07hrs | 10940 | by Clemen Moyo
Chamisa's ZCTU, Mnangagwa's govt come face-to-face
PRESIDENT Emmerson Mnangagwa yesterday came face-to-face with Zimbabwe Congress of Trade Unions (ZCTU) president Peter Mutasa, who faces a charge of trying to unseat the former through unconstitutiona...Published: 06 Jun 2019 at 07:43hrs | 7212 | by Staff reporter
Coup rumor against President ED Mnangagwa
There are allegations from the media that a coup against President ED Mnangagwa is imminent. This piece seeks to dispute such rumors. The rumors are created by President ED Mnangagwa and his team in o...Published: 05 Jun 2019 at 09:26hrs | 16886 | by Don Chigumba
What the latest IMF report on Zimbabwe means
In the report, the International Monetary Fund (IMF) acknowledges the commitment by President Emmerson Mnangagwa's government to stabilise Zimbabwe's economy.The fund also reveals that the IMF...Published: 05 Jun 2019 at 08:01hrs | 2070 | by newZWire
Parallel market exchange rates tumble
PARALLEL market exchange rates have tumbled from a peak of US$1:RTGS$9 recently and remain frozen at US$1:RTGS$6 since last week amid indications the rate could drop further after Government secured a...Published: 05 Jun 2019 at 07:52hrs | 4848 | by Staff reporter
Food price hikes an indictment on Zanu PF
The MDC notes with concern the unabated price hikes especially on basic food stuffs. An announcement by the Grain Millers Association of Zimbabwe highlights steep increases of rice, maize meal and flo...Published: 04 Jun 2019 at 14:56hrs | 1534 | by Jacob Mafume
Mutsvangwa's son in illegal forex deals storm
THE case of Information minister Monica Mutsvangwa and former adviser to the President, Christopher Mutsvangwa's son, Neville, who is allegedly running an illegal foreign currency trading business, ha...Published: 01 Jun 2019 at 07:55hrs | 2686 | by Staff reporter
Fuel syndicate intercepted
Police on Monday arrested five suspects believed to be part of a fuel siphoning syndicate involving tanker drivers and criminal elements, as the clampdown on illegal activities in the fuel sector begi...Published: 01 Jun 2019 at 07:42hrs | 752 | by Staff reporter
Social media to blame for fuel price hikes: Govt
ENERGY minister Fortune Chasi and Reserve Bank governor John Mangudya yesterday blamed the social media for spreading false narratives about the fuel situation, resulting in panic-buying and contribut...Published: 31 May 2019 at 18:20hrs | 538 | by Staff reporter
Zanu-PF has our Money!
We were pleased to host President John Magufuli of Tanzania these past two days and he was kind enough to Cde Crocodile to speak the Zanu-PF party line and call for an end to sanctions on Zimbabwe, sa...Published: 31 May 2019 at 09:01hrs | 3241 | by GoodNess Nwachukwu
The Zanu-PF has our Money!
We were pleased to host President John Magufuli of Tanzania these past two days and he was kind enough to Cde Crocodile to speak the Zanu-PF party line and call for an end to sanctions on Zimbabwe, sa...Published: 31 May 2019 at 08:09hrs | 1701 | by GoodNess Nwachukwu
Liberalised market expected to generate foreign currency for struggling economy
The Confederation of Zimbabwe Industries (CZI) sees the parallel market exchange rate correcting when it reaches Real Time Gross Settlement (RTGS)$8:US$1, saying there is not enough stock of the local...Published: 31 May 2019 at 08:07hrs | 572 | by Staff reporter
Forex measures suffocate exporters
INDUSTRY has warned a fresh tide of closures of exporting manufacturing companies is looming in Zimbabwe owing to stringent foreign currency retention measures introduced by government in February at ...Published: 31 May 2019 at 08:07hrs | 302 | by Staff reporter
RBZ fail to fund Zimbabwe investor portfolio fund
THE Reserve Bank of Zimbabwe (RBZ) has failed to fund the Zimbabwe investor portfolio fund since 2017 due to loss of confidence in the economy by foreign investors, businessdigest reported.Fun...Published: 31 May 2019 at 07:57hrs | 288 | by Staff reporter
'Black market rates to tumble'
RESERVE Bank of Zimbabwe (RBZ) top officials yesterday insisted that the parallel market rates will soon tumble because the current balance of RTGS dollars in circulation cannot sustain the prevailing...Published: 31 May 2019 at 07:41hrs | 4240 | by Staff reporter
Fuel firms to lose licences
Mystery surrounds the distribution of fuel in Zimbabwe after authorities have established that while enough money has been availed for players to procure the product, it has not been channelled to the...Published: 31 May 2019 at 07:23hrs | 769 | by Staff reporter
Inter-bank, parallel market rates won't converge: Analysts
ANALYSTS say claims by monetary and fiscal authorities that the interbank market and the parallel market for foreign currency will converge are highly unlikely in the absence of a sustained supply of ...Published: 30 May 2019 at 07:57hrs | 2172 | by Staff reporter
Mthuli Ncube and Mangudya told to resign
Former MDC-T Spokesperson Linda Masarira has called upon Reserve Bank Governor Dr John Panonetsa Mangudya and Finance Minister Professor Mthuli Ncube to resign because they have in solving the economi...Published: 30 May 2019 at 05:04hrs | 12709 | by Mandla Ndlovu
Mnangagwa's govt cracks whip on fuel sector
GOVERNMENT has started cracking down on illegal dealings in the fuel sector which include unilateral price increases and demands for foreign currency as the only form of payment. Energy ...Published: 29 May 2019 at 08:45hrs | 2636 | by Staff reporter
Dumiso Dabengwa a dissident that never was
Zimbabwe has lost her gallant son. The mountain has collapsed. ZANU PF did not only arrest and torture Dumiso Dabengwa but they also frustrated him to death. I am not shocked with the crocodile tears ...Published: 24 May 2019 at 13:42hrs | 2801 | by Don Chigumba
Canada miner in talks to buy Zimbabwe gold project
Canada-based B2Gold Corp. is considering buying an idled Zimbabwean gold mine - if it can be exempted from a law that requires producers to sell all the metal to the country's central bank, people fam...Published: 24 May 2019 at 07:33hrs | 1064 | by Bloomberg
Mnangagwa's 'Open for business' mantra collapses
THE surprise move by major gold producer Metallon Corporation to sue the government over its failure to pay for gold deliveries commensurately has brought into sharp focus the country's continued fore...Published: 24 May 2019 at 07:31hrs | 1930 | by Staff reporter
Mthuli Ncube is not a Professor for nothing
"Be careful what you wish for," is an English expression used to tell people to think before they say they want something and to suggest that they may not actually want it. There may be unforeseen and...Published: 24 May 2019 at 06:48hrs | 5314 | by Conway Tutani
ZNA used loot-all-you-want platinum concession to secure $500m loan - proof junta resolve to hang on
Last week RBZ Governor, Dr John Mangudya, and Finance Minister, Professor Mthuli Ncube, were thrilled to announce that the country secured a $500 million loan. The loan would end the shortages of fuel...Published: 23 May 2019 at 18:29hrs | 1420 | by Wilbert Mukori
Zanu-PF rivals call for dialogue
Opposition political parties have renewed their appeal for inclusive national dialogue in the wake of the worsening economic crisis, with Nelson Chamisa's MDC party warning of calamitous demonstration...Published: 22 May 2019 at 07:01hrs | 3345 | by Staff reporter
Mangudya's RBZ in trouble over US$27,5m debt
London-based grain and fertiliser exporter, Holbud Limited, has approached the High Court seeking a court order to register a US$27,5 million arbitral award granted against the Reserve Bank of Zimbabw...Published: 22 May 2019 at 06:16hrs | 1252 | by Staff reporter
Fresh protests loom in Zimbabwe
Zimbabwe is now at risk of fresh protests after the cash-strapped government on Monday night unexpectedly announced that it had cancelled fuel subsidies for imports.Caught in a debilitating en...Published: 21 May 2019 at 18:10hrs | 4954 | by ANA
After denials, ZERA hikes fuel price
The Zimbabwe Energy Regulatory Authority (ZERA) has effected fuel price adjustments from this Tuesday in light of the new measures taken by the Reserve Bank of Zimbabwe (RBZ) on fuel procurement based...Published: 21 May 2019 at 16:29hrs | 1704 | by Staff reporter
Zimbabwe open to renegotiate 99-year leases with banks
FINANCE and Economic Development Minister Professor Mthuli Ncube has said Government is open to renegotiating with banks to make 99-year leases acceptable to financial institutions.The Reserve...Published: 21 May 2019 at 06:23hrs | 1228 | by Staff reporter
RBZ scraps 1:1 rate for oil marketing firms
The Reserve Bank of Zimbabwe (RBZ) has directed banks to discontinue twinning arrangements for their customers, with a view to promote efficient functioning of interbank market and willing-buyer willi...Published: 21 May 2019 at 06:20hrs | 880 | by Staff reporter
Fuel procurement now via interbank rate
GOVERNMENT has, with immediate effect, removed the 1:1 foreign currency exchange rate for the procurement of fuel by Oil Marketing Companies (OMCs), which will result in the interbank market being use...Published: 21 May 2019 at 06:19hrs | 671 | by Staff reporter
Trust new dispensation, says Mthuli Ncube
Finance and Economic Development Minister Professor Mthuli Ncube has called on citizens to trust the new dispensation, saying since coming into office, it has "walked the talk" and is determined to tu...Published: 21 May 2019 at 06:19hrs | 1294 | by Staff reportetr
New proposed fuel prices leaked
Fuel dealers and the Zimbabwe Energy Regulatory Authority are locked in talks about fuel prices, award winning journalist Hopewell Chin'ono has revealedDealers are reported to have stopped sel...Published: 20 May 2019 at 22:23hrs | 18398 | by Mandla Ndlovu
Mthuli Ncube secured $500 million loan using platinum as collateral?
Bloomberg has reported that the much hyped $500 million loan that is supposed to be injected in the market from Tuesday was acquired from the African Export-Import Bank by offering platinum prod...Published: 20 May 2019 at 21:57hrs | 2542 | by Mandla Ndlovu
Fuel procurement to use interbank rate, says RBZ
The Reserve Bank of Zimbabwe has advised the public that with effect from 21 May 2019, the procurement of fuel by the Oil Marketing Companies (OM.) shall be done through the interbank foreign exchange...Published: 20 May 2019 at 17:30hrs | 288 | by Staff reporter
Zimbabwe business agree on price stabilisation process
BUSINESS organisations have agreed on a process to arrest the economic decline and stabilise prices of basic commodities.At the end of last week, the forex parallel market rates had jumped to ...Published: 20 May 2019 at 06:59hrs | 2688 | by Staff reporter
Hwange Power Station funding under threat
Zimbabwe might face challenges accessing the US$1 billion loan facility from China Eximbank for Hwange Power Station expansion following the change of functional currency that resulted in funds that w...Published: 20 May 2019 at 06:28hrs | 547 | by Staff reporer
Mangudya to release US$500m for interbank forex
The Reserve Bank of Zimbabwe has confirmed that it will be drawing US$500 million on Monday to supply the interbank forex market.The interbank market has for the past few weeks not been all th...Published: 18 May 2019 at 18:36hrs | 9590 | by Staff reporter
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