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Mnangagwa arrives in New York
President Emmerson Mnangagwa has arrived in New York for the 73rd session of the United Nations General Assembly.President Mnangagwa who will make his maiden appearance as Head of State at the...Published: 10 hrs ago | 3294 | by Staff reporter
Zimbabweans pin hopes on ED as he attends maiden UNGA Summit
Zimbabwean President, Emmerson Mnangagwa, is attending his maiden United Nations General Assembly (UNGA) summit amid rising confidence in his leadership back home. Mnangagwa won this year's elections,...Published: 15 hrs ago | 1395 | by Nicole Hondo
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: 18 Sep 2018 at 07:43hrs | 405 | by Staff reporter
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 | 10431 | 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 | 1007 | by Staff reporter
Zimbabwe's future is bright, says Mangudya
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says the economy has performed well under difficult circumstances and the future is bright, particularly following the announcement of a "dream...Published: 16 Sep 2018 at 07:22hrs | 5574 | by Staff Reporter
Confusion over $2bn loan from China to Zimbabwe
AFTER its desperate quest for a critical US$2,5 billion bailout package from China hit a snag last week, government has somersaulted and now claims it did not request any such money.Ministry o...Published: 14 Sep 2018 at 16:34hrs | 9173 | by Staff reporter
Mthuli Ncube gets shock reality check
NEWLY-appointed Finance minister Mthuli Ncube - who arrived in the country from Switzerland early this week amid a populist storm and blaze of publicity on how to fix Zimbabwe's critically broken econ...Published: 14 Sep 2018 at 16:27hrs | 13036 | by Staff reporter
RBZ creating artificial money to fund gold exports
THE Reserve Bank of Zimbabwe (RBZ) plans to flood the banking system with more transferable balances created through real time gross settlement (RTGS) intended to support gold exporters in a desperate...Published: 13 Sep 2018 at 06:27hrs | 723 | by Staff reporter
'RBZ should complement Mthuli Ncube'
Analysts yesterday called on Reserve Bank of Zimbabwe governor John Mangudya and his team to work in tandem with new Finance and Economic Development minister Mthuli Ncube efforts to help arrest econo...Published: 12 Sep 2018 at 07:35hrs | 1965 | by Staff reporter
Zimbabwe urgently needs $4bn bailout package
Zimbabwe needs up to $4 billion to avert a looming currency crisis that could unleash economic havoc, with the new Cabinet urged to take tough decisions to increase confidence in the economy.P...Published: 09 Sep 2018 at 17:08hrs | 607 | by Staff reporter
Mnangagwa's quest for Chinese $2bn bailout hits a brick wall
PRESIDENT Emmerson Mnangagwa's quest for a critical US$2 billion bailout package from China in a desperate bid to ease the country's crippling liquidity crisis has hit a brick wall although the Chines...Published: 07 Sep 2018 at 13:02hrs | 1823 | by Staff reporter
Blow for Mnangagwa, $2bn Chinese bid flops
President Emmerson Mnangagwa's quest for a critical US$2 billion bailout package from China in a desperate bid to ease the country's crippling liquidity crisis has hit a brick wall although the Chines...Published: 07 Sep 2018 at 07:35hrs | 8743 | by Staff reporter
Zimbabwe pins hope on China for forex
Zimbabwe is pinning hopes on Chinese banks to extending significant lines of credit to ease a serious shortage of foreign currency following a sharp rise in demand by businesses resulting from improve...Published: 07 Sep 2018 at 07:33hrs | 1000 | by Staff reporter
Zimbabwe plunges into wheat crisis
ZIMBABWE was by yesterday left with less than a month of wheat stocks after a United Kingdom-based supplier held back a 30 000-tonne consignment at Mozambique's port of Beira until payment is confirme...Published: 06 Sep 2018 at 06:45hrs | 397 | by Staff reporer
Mnangagwa seeks $2,5 billion from China
ZIMBABWE is looking to secure at least $2,5 billion in lines of credit from major Chinese banks for on-lending to the private sector, Finance and Economic Planning Minister Patrick Chinamasa has said....Published: 05 Sep 2018 at 06:46hrs | 555 | by Staff reporter
Should Zimbabwe be awarded $2 billion economic bailout? or John Mangudya should resign
On 04/09/2018, the media reported that Zimbabwe needs $2 billion bailout in order to deal with the economy's liquidity challenges. The Governor of Reserve Bank of Zimbabwe is alleged to have said so. ...Published: 05 Sep 2018 at 06:33hrs | 2720 | by Don Chigumba
Zimbabwe requires US$2bn to ease liquidity challenges, says Mangudya
The Reserve Bank of Zimbabwe (RBZ) says Zimbabwe requires about US$2 billion to kick start the economy and ease the current foreign currency challenges.The RBZ governor Dr John Mangudya and Fi...Published: 04 Sep 2018 at 12:49hrs | 3520 | by Staff Reporter
Mnangagwa blamed for failure to address 'legitimacy' issues, prices soar
THE prices of basic commodities have risen sharply since elections held on July 30 to levels that are too high for a dollarised economy.The bout of inflation is blamed on excessive government ...Published: 04 Sep 2018 at 06:50hrs | 2287 | by Staff reporter
No fuel crisis, says Mangudya
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has assured the nation that there is no fuel crisis as the central bank allocated enough foreign currency to suppliers. Dr Mangudya, wh...Published: 04 Sep 2018 at 06:29hrs | 266 | by Staff reporter
Zimbabwe fuel consumption spikes 24%
Fuel consumption has spiked 24 percent to 752,4 million litres between January and June this year, largely in response to rising economic activity sparked by renewed investor confidence following the ...Published: 03 Sep 2018 at 07:12hrs | 1062 | by Staff reporter
Zimbabwe aviation industry faces collapse
THE aviation industry faces collapse, owing to failure by monetary authorities to remit ticket sales to foreign airlines, which have now ballooned to $76 million, making Zimbabwe an unprofitable ticke...Published: 03 Sep 2018 at 06:33hrs | 1066 | by Staff reporter
Mnangagwa says, 'Zimbabwe should not mourn over sanctions'
President Emmerson Mnangagwa has refused to buckle down to the sanctions imposed on the country by USA, saying the country will not develop if it continues to mourn over the embargo.President ...Published: 02 Sep 2018 at 15:55hrs | 8295 | by Staff reporter
Mthuli Ncube to replace Chinamasa at finance?
GLOBALLY respected economist and public policy expert, Professor Mthuli Ncube, is thought to be in the frame as President Emmerson Mnangagwa's puts together his cabinet after the bitterly disputed Jul...Published: 01 Sep 2018 at 09:36hrs | 8520 | by Staff reporter
Mnangagwa challenges banks to support farmers
President Emmerson Mnangagwa has challenged the banking sector to support economic revival, which has gathered pace in the last eight months, by extending loans to farmers at affordable interest rates...Published: 31 Aug 2018 at 06:38hrs | 129 | by Staff reporter
Zimbabwe government shells out $60 million treasury bills
Government's debt to Premier Service Medical Investment (PSMI) is set to increase on account of future interest costs after it approved a $60 million issue of treasury bills (TBs) to refinance and rol...Published: 26 Aug 2018 at 06:43hrs | 1948 | by Staff Reporter
Zimbabwe plans to clear debt arrears in six months
ZIMBABWE is planning to settle its debt arrears with multilateral institutions in the next six months, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said.The southern African count...Published: 24 Aug 2018 at 06:05hrs | 2934 | by Staff reporter
Mnangagwa tenders fresh agric land audit
ZIMBABWE will be commissioning a fresh agricultural land audit, about 15 years after the Charles Utete Commission report whose findings were never implemented, which will run alongside a review of the...Published: 24 Aug 2018 at 05:50hrs | 707 | by Staff reporter
Zimbabwe boasts 13 million tonnes gold chest
ZIMBABWE has the second largest gold reserves per square kilometre in the whole world with 13 million tonnes of proven reserves of which only 580 tonnes have been exploited since 1980, Reserve Bank of...Published: 08 Aug 2018 at 06:13hrs | 1825 | by Staff reporter
'Banks to give out more cash'
The Reserve Bank of Zimbabwe (RBZ) says people should expect to withdraw more cash from their banks in the coming weeks, just like what happened at the weekend when Automated Teller Machines (ATMs) di...Published: 07 Aug 2018 at 08:00hrs | 15441 | by Staff reported
Chamisa or Mnangagwa: It's the economy stupid
TOMORROW, standing in the small voting booth, with pen in hand, looking down at the 23 names of presidential aspirants on the ballot paper, there's little doubt the voter will be making a crucial deci...Published: 29 Jul 2018 at 10:25hrs | 225 | by Tartira Zwinoira
Zimra insists on $100m loan tax
A DELAY by the Zimbabwe Revenue Authority in clarifying tax issues around a $100 million commercial loan recently advanced by the British government, through the state-run Commonwealth Development Fun...Published: 27 Jul 2018 at 11:20hrs | 294 | by Staff reporter
Time to reflect and decide!
Fellow Zimbabweans the time to reflect and map out our future has arrived. This is the golden opportunity we have been waiting for. It is not time for vengefulness or witch-hunting, but all voters hav...Published: 27 Jul 2018 at 08:48hrs | 1081 | by Frazer Muzondo
'New dispensation', same old lies
Ag shame! On the 6th of July I came across a shockingly screaming newspaper headline ED creates 60 000 jobs, I was in the sprawling border town of Beitbridge.Being one not to quickly believe o...Published: 25 Jul 2018 at 07:43hrs | 331 | by Ishemunyoro Mupokosera
Banks increase withdrawals to $100
DEPOSITORS smiled all the way to banks on Monday and yesterday as banks in Bulawayo offered more cash withdrawals of up to $100, both bond notes and United States dollars.Yesterday, scores of ...Published: 25 Jul 2018 at 07:16hrs | 1390 | by Staff reporter
Mnangagwa doesn't dream of success, he makes it happen
While everyone's focus is on the upcoming elections, especially the saga revolving around Nelson Chamisa's threats against many bodies, like the ZEC, a weird and wonderful thing has been taking place ...Published: 23 Jul 2018 at 13:04hrs | 899 | by Mike Tawanda
Cash dealers slash exchange rate
CASH dealers are selling bond notes at a premium rate of 22% to buyers using EcoCash in the high-density Harare suburb of Mbare, which is the lowest rate on offer thus far.In a snap survey con...Published: 23 Jul 2018 at 07:01hrs | 3662 | by Staff reporter
RBZ bemoans social media abuse
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has bemoaned the abuse of social media by other members of the society, saying the practice had cost the nation socially, financially and economic...Published: 23 Jul 2018 at 06:55hrs | 441 | by Staff reporter
Industrialist defends bond notes
INDUSTRIALIST and United Refineries chief executive officer Mr Busisa Moyo has defended the bond note, saying the surrogate currency has never been a problem for business.Writing on his Twitte...Published: 23 Jul 2018 at 06:46hrs | 294 | by Staff reporter
The unreported Fake News
Amidst all the complaints from Nelson Chamisa and his spokesperson about fake news, there is another, unreported axis of fake news evident in our media. However, these unfounded allegations and outrig...Published: 19 Jul 2018 at 10:17hrs | 2747 | by Joice Tsitsi
Zimbabwe dismisses new currency claims
The Reserve Bank of Zimbabwe (RBZ) has dismissed social media claims that the apex bank will introduce a new currency.In a statement, RBZ Governor, Dr John Mangudya said the claims are fake, a...Published: 18 Jul 2018 at 16:50hrs | 5301 | by Staff reporter
Black market rates hit 100% ceiling, why and how?
PARALLEL market rates have finally hit 100% when using EcoCash or bank transfers to buy the greenback, the first time they have reached such a rate since dollarisation and the main question now is how...Published: 18 Jul 2018 at 07:28hrs | 3746 | by Staff reporter
RBZ increases cash injections to $150m
RESERVE Bank of Zimbabwe governor John Mangudya says the central bank has increased the foreign currency injections into the economy by 50% to $150 million a month to ease forex shortages.This...Published: 16 Jul 2018 at 07:20hrs | 1572 | by Staff reporter
Mugabe's planes ready to fly
Government says one of the four long haul planes acquired from Malaysia, the Boeing 777-200ER, has no mechanical problems and was only taken back to Kuala Lumpur for routine maintenance, which is a pr...Published: 16 Jul 2018 at 06:49hrs | 1842 | by Staff reporter
Tobacco fails to deliver forex relief
IH Securities says the economy is yet to feel the impact of the tobacco export proceeds despite being over 90 days into the season.In IH Securities outlook for the month released recently, the...Published: 13 Jul 2018 at 07:23hrs | 141 | by Staff reporter
'Bond notes are here to stay'
RESERVE Bank of Zimbabwe governor John Mangudya says the country's surrogate currency, the bond note, will be around for the foreseeable future.Zimbabwe introduced bond notes in 2016 to ease a...Published: 12 Jul 2018 at 10:33hrs | 2227 | by Staff reporter
Continuous importation of forex fuels Zimbabwe blackmarket
ANALYSTS agree that the continuous importation of hard cash into the economy will not improve the prevailing cash shortages in the country, but further fuel the parallel market.This comes as R...Published: 11 Jul 2018 at 07:20hrs | 1359 | by Staff rpeorter
Mangudya's colourless phishing joke
I miss Gideon Gono. That's only because John Mangudya, his successor at the central bank, is that turtle you can't pick out from the rocks, which when it strays onto the road, looks and sounds like a ...Published: 09 Jul 2018 at 08:22hrs | 1534 | by Tawanda Majoni
RBZ doubles up cash imports to $100m
The Reserve Bank of Zimbabwe (RBZ) has doubled cash imports to $100 million per month as the central bank tries to ameliorate the prevailing cash shortages as well as meet rising demand from recoverin...Published: 08 Jul 2018 at 12:55hrs | 453 | by Staff reporter
Mnangagwa relaunches Grace Mugabe project
PRESIDENT Emmerson Mnangagwa yesterday relaunched the youth Empower Bank, exactly seven months after former First Lady Grace Mugabe opened the financial institution's doors to the public without a ban...Published: 06 Jul 2018 at 07:30hrs | 1223 | by Staff rpeorter
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