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'Zimbabwe printing $1 billion weekly to buy gold'
FORMER legislator and Monetary Policy Committee member Eddie Cross has made sensational claims that the Reserve Bank of Zimbabwe (RBZ) was printing $1 billion weekly mainly to buy gold.At the ...Published: 17 hrs ago | 2933 | by Staff reporter
Gandawa blasts govt failure to service UN debt
FORMER Higher and Tertiary Education deputy minister Godfrey Gandawa has blasted the new dispensation under President Emmerson Mnangagwa for failing to pay US$81 000 membership fees to the United Nati...Published: 19 Jan 2021 at 07:41hrs | 1032 | by Staff reporter
Big deals for Zimbabwe bridge builders
GOVERNMENT has unveiled a programme to design and build several bridges across the country, with independent designers set to clinch crucial deals.Transactions under the programme announced la...Published: 19 Jan 2021 at 07:34hrs | 812 | by Staff reporter
Zimbabwe mineral exports surpass target
Zimbabwe's mineral exports, excluding gold and silver, for the year 2020 surged by 27 percent, earning the country US$2,4 billion, the Minerals and Marketing Authority of Zimbabwe (MMCZ) has said. ...Published: 18 Jan 2021 at 05:50hrs | 216 | by Staff reporter
Government to repossess underutilised irrigation schemes
GOVERNMENT has come up with a Statutory Instrument that will see it repossessing underutilised land at irrigation schemes. The SI, which is expected to be gazetted soon, will result in members of irri...Published: 16 Jan 2021 at 07:14hrs | 197 | by Staff reporter
Army-linked Anjin grabs richest diamond claim
AN army-linked miner, Anjin Investments (Pvt) Ltd, grabbed the most lucrative diamond claim in Marange from a firm owned by the government after being relicensed under unclear circumstances, it has em...Published: 15 Jan 2021 at 07:47hrs | 1109 | by Kenneth Matimaire
Landela buying spree raises stink
PRESIDENT Emmerson Mnangagwa marked his triumphal entry into the citadel of power in 2017 by declaring that he would open the country up for business, thus promising a departure from the ruinous polic...Published: 15 Jan 2021 at 07:37hrs | 880 | by Cliff Chiduku
Hydro-politics depriving Bulawayo and Matebeleland of water
MORE than a century ago in 1912, the people of Matebeleland and Bulawayo regions were promised that they will draw water from the Zambezi River, through the Matebeleland Zambezi Water Project (MZWP)....Published: 14 Jan 2021 at 11:56hrs | 731 | by Staff reporter
Zimbabwe's agriculture seen recovering despite challenges
ZIMBABWE should enjoy a decent harvest for all crops in the current season due to good rains that have been consistent in the past few weeks, farmers' organisations say.A good harvest for grai...Published: 14 Jan 2021 at 11:48hrs | 365 | by Staff reporter
'High value denominations will not affect inflation'
THE introduction of high value denominations into the economy will not result in high inflation as long as the Reserve Bank of Zimbabwe (RBZ) does not print too much money. Economic commentato...Published: 14 Jan 2021 at 07:52hrs | 337 | by Staff reporter
Zimbabwe record its fourth straight trade monthly surplus
Zimbabwe recorded its fourth straight trade monthly surplus in November as Finance Minister Mthuli Ncube's steps to devalue and stabilize the local currency started showing some positive results for e...Published: 13 Jan 2021 at 18:22hrs | 828 | by Staff reporter
Kuvimba: How to hide a mining giant in plain sight
A year ago, Kuvimba Mining House did not exist. now it could be the country's biggest gold producer.How? The answer shows how transparency is still not a thing for Zimbabwean authorities....Published: 10 Jan 2021 at 08:10hrs | 1520 | by Staff reporter
2021 National Budget gets Mnangagwa nod
Government departments can now start drawing money from the Fiscus after President Mnangagwa assented to the $368,5 billion, 2021 National Budget. Parliament passed the Budget in December last year....Published: 09 Jan 2021 at 07:44hrs | 405 | by Staff reporter
Dumb advisors, deaf Executive
"JANUARY 2021 has been cancelled," is a joke that went viral in Zimbabwe last weekend.It is a joke premised on Zimbabwe's return to COVID-19 lockdown measures. These are the strictest conditio...Published: 08 Jan 2021 at 20:29hrs | 548 | by Paidamoyo Muzulu
Zimbabwe govt says to re-engage new US admin
FINANCE minister Mthuli Ncube has said he does not expect any change to the United States policy on Zimbabwe despite the change of administration in that country when President-elect Joe Biden is inau...Published: 08 Jan 2021 at 07:49hrs | 742 | by Staff reporter
'Zimbabwe economy to grow by 2.9%'
ZiMBABWE'S economy is expected to register a modest 2,9% growth this year from a negative dip recorded last year, according to the World Bank's Global Economic Prospects report released this week....Published: 08 Jan 2021 at 07:45hrs | 234 | by Staff reporter
Zimbabwe to fund white farmers' compensation with mine revenue
Zimbabwe plans to use profits from a mining venture to help settle a $3.5 billion compensation claim from white farmers and settle a two-decade dispute that's soured the country's relations with Weste...Published: 07 Jan 2021 at 18:44hrs | 1084 | by Staff reporter
Australian owned gold mines acquired by Kuvimba mining
Finance and Economic Development Minister Professor Mthuli Ncube said the government has given Kuvimba Mining House the nod to acquire Globe and Phoenix Gold Mine and other associated mines owned by a...Published: 07 Jan 2021 at 13:51hrs | 1369 | by Simbarashe Mwandipendaa
Zupco to import buses duty free
The suspension of duty on public service buses for Zupco is valid for 12 months with effect from yesterday.According to the latest Government Gazette, Finance minister Mthuli Ncube in consulta...Published: 02 Jan 2021 at 16:28hrs | 1432 | by Staff reporter
Car prices shoot at Musina as panic buying sets in
Instead of dipping, car prices at Musina across the border in South Africa went up by an average 20% due to panic buying caused by a new Government policy on second hand cars.Eric Dzvova, a pr...Published: 02 Jan 2021 at 07:51hrs | 2939 | by Staff reporter
Presumptive tax triggers storm
ZIMBABWE's informal businesses, making up about 60% of the country's economy, say government missed the point when it moved to impose a monthly presumptive tax on small-to-medium scale enterprises (SM...Published: 30 Dec 2020 at 07:32hrs | 672 | by Staff reporter
Zimstat gets $4bn for census
Treasury has allocated $4,4 billion to the Zimbabwe National Statistics Agency (Zimstat) to carry out its activities that include conducting the 2021 population census, which is expected to culminate ...Published: 30 Dec 2020 at 07:20hrs | 158 | by Blessings Chidakwa
Monthly payouts for vulnerable increased
Humanitarian assistance allowances for vulnerable persons hit by Covid-19 and the subsequent lockdown has been raised from $300 to $800 per month and another increase is planned for next month. ...Published: 30 Dec 2020 at 07:19hrs | 126 | by Blessings Chidakwa
'Plant broom stick and get fruit tree, in Zimbabwe' - yet we are starving, damning testimonial to failed leaders
"Crisis management is not solved in one day. There is no magic formula in State recovery… it is a process that HE Mnangagwa is leading in promoting important reforms in Zimbabwe that will undoubtedl...Published: 29 Dec 2020 at 19:32hrs | 858 | by Patrick Guramatunhu
Chamisa, Mnangagwa culpable for Zimbabwe's political and economic challenges
PROFESSOR of World Politics at the University of London's School of Oriental and African Studies, Stephen Chan, says the international community will continue to show a lack of interest in Zimbabwe un...Published: 29 Dec 2020 at 17:18hrs | 1039 | by Staff reporter
Zanu-PF Central Committee meets
The Zanu-PF Central Committee is expected to meet this morning at the party's headquarters in Harare starting at 10am. Defence and War Veterans Affairs Minister Oppah Muchinguri-Kashiri,...Published: 29 Dec 2020 at 06:53hrs | 223 | by Staff reporter
Mnangagwa calls for completion of Mhandamabwe Road
President Mnangagwa has ordered Treasury to release funds for the completion of rehabilitation works on the Chivi-Mhandamabwe Road which links Beitbridge Border Post to western parts of the country. ...Published: 28 Dec 2020 at 07:19hrs | 456 | by Staff reporter
Zanu PF's visceral brain teaser: pay the teachers a living wage without fuelling inflation
Squaring the circle is a brain teaser as ancient as geometry itself in which one is asked to construct a square with the same area as a given circle or vice versa. Let us just say Preside...Published: 27 Dec 2020 at 09:22hrs | 554 | by Wilbert Mukori
'Mnangagwa will be President again in 2023,' says Ngarivhume
OPPOSITION politician Jacob Ngarivhume sees a bleak future for opposition politics in Zimbabwe, and has resigned to the fact that the ruling Zanu-PF will win again in the 2023 elections.Ngariv...Published: 24 Dec 2020 at 05:28hrs | 4443 | by Staff reporter
Mthuli Ncube launches agricultural commodities exchange
THE Zimbabwean government on Monday launched the agricultural commodities exchange that will ensure farmers get market determined prices for their commodities.Zimbabwe previously had a commodi...Published: 22 Dec 2020 at 06:31hrs | 219 | by Staff writer
Govt bans mine pegging in reserved areas
GOVERNMENT has banned the issuance of special mining grants in reserved areas, effectively shutting the door on prospecting in contentious areas.The announcement was made last week in an inter...Published: 21 Dec 2020 at 06:25hrs | 205 | by Staff reporter
Zimbabwe to set up 15 gold servicing centres
ARTISANAL and small-scale miners are optimistic that the proposed construction of more gold processing centres will ensure that the country generates the much-needed foreign capital and plug illicit m...Published: 20 Dec 2020 at 06:43hrs | 111 | by Staff reporter
Free sanitary wear for school girls
Female learners in rural schools will start receiving free sanitary wear next year under a Government programme that is meant to assist children from disadvantaged families who are losing out on valua...Published: 20 Dec 2020 at 06:39hrs | 64 | by Staff reporter
Mthuli Ncube allocates $595 million for Parliament buses and vehicles
FINANCE Minister Mthuli Ncube has allocated $595 million for the procurement of Parliament buses and vehicles after MPs complained that the current fleet was dilapidated.The buses were procure...Published: 19 Dec 2020 at 05:52hrs | 740 | by Staff reporter
Mnangagwa ties down permanent secretaries to performance
Permanent secretaries of Government ministries yesterday signed performance contracts for next year, the start of a new system where those managing the public service are now expected to perform to de...Published: 19 Dec 2020 at 05:38hrs | 985 | by Staff reporter
How South Africa can nudge Zimbabwe toward stability
What's new? As Zimbabwe's political and economic crises worsen, South Africa is moving beyond its policy of "quiet diplomacy" with its northern neighbour and applying more pressure on Harare to open...Published: 18 Dec 2020 at 06:42hrs | 1945 | by crisisgroup
Mangudya slams Ncube tariff increases
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has launched a rare scathing attack on the government for steeply increasing tariffs for public utilities, warning the decision will have serious ...Published: 18 Dec 2020 at 06:21hrs | 5323 | by Staff reporter
Stanchart in eye of storm over Mthuli Ncube tax
Standard Chartered Bank Zimbabwe has been criticised for its plans to unilaterally recover from customers uncollected transaction taxes, dating back two years, in just three months. For unknow...Published: 17 Dec 2020 at 06:52hrs | 668 | by Staff reporter
ZSE eyes more listings on VFEX
THE Zimbabwe Stock Exchange (ZSE) says its newly-launched Victoria Falls Stock Exchange (VFEX) has generated interest from both local and foreign companies and it is working at securing more listings ...Published: 16 Dec 2020 at 07:07hrs | 324 | by Staff reporter
'Mthuli Ncube tax' a huge success
ZIMBABWE managed to avert a potential Covid-19 pandemic disaster while civil servants are receiving their salaries on time and infrastructural development projects are underway across the country - a ...Published: 16 Dec 2020 at 06:44hrs | 791 | by Staff reporter
Judge 'punished' over judgement invalidating USD to RTGS conversion
Zimbabwean judge Happias Zhou was blocked from sitting on an international legal panel as punishment over a judgement which invalidated the 2018 conversion of United States dollar balances to RTGS ord...Published: 15 Dec 2020 at 15:37hrs | 4099 | by Staff reporter
Mutsvangwa claims 'Zimbabwe economy back on its feet'
INFORMATION Minister Monica Mutsvangwa says the country's economy was on the rebound basing this on what she said were the successes of government's Transitional Stabilisation Programme (TSP) introduc...Published: 15 Dec 2020 at 07:55hrs | 541 | by Staff reporter
Informal sector not affected by 2% tax
AN OPPOSITION legislator has called on Finance minister Mthuli Ncube to stop collecting the 2% electronic transaction tax, saying it was burdening workers only as the informal sector was now transacti...Published: 15 Dec 2020 at 06:17hrs | 323 | by Staff reporter
Mthuli Ncube launches investment 101 handbook
FINANCE minister Mthuli Ncube has launched the investment 101 handbook and video, as investor education tools, in order to encourage participation by the Zimbabwean population in the capital markets....Published: 15 Dec 2020 at 06:09hrs | 350 | by Staff reporter
MPs slate Mthuli Ncube's national budget
PARLIAMENT has poked holes into Finance minister Mthuli Ncube's 2021 budget allocation for the Primary and Secondary Education ministry after he allocated $55 billion towards education, 73% of which w...Published: 14 Dec 2020 at 07:14hrs | 420 | by Staff reporter
NRZ passenger service fails to stay afloat
THE National Railways of Zimbabwe (NRZ)'s passenger service is operating at an "unsustainable" loss of $7 600 daily at a time when the company's mainline bulk cargo transportation business is constrai...Published: 14 Dec 2020 at 07:12hrs | 377 | by Staff reporter
Zimbabwe feels heat as debt spirals
Broke Zimbabwe's failure to clear debt and arrears with bilateral and multilateral creditors is sinking the economy further as it fails to unlock the much-needed funding for major infrastructure proje...Published: 13 Dec 2020 at 08:11hrs | 566 | by Staff reporter
Christmas SOS for Zapu, Zpra veterans
CHILDREN of Zapu and Zimbabwe People's Revolutionary Army (Zpra) have come together in a fundraising drive to mobilise financial resources to bring Christmas cheer to liberation war veterans.A...Published: 13 Dec 2020 at 08:05hrs | 252 | by Staff reporter
Zimbabwe's minerals revenue hits US$2 billion
MINerAL revenues reached US$1,95 billion at the end of October this year, beating a projected US$1,52 billion target set by the Minerals Marketing Corporation of Zimbabwe (MMCZ), official statistics s...Published: 13 Dec 2020 at 08:03hrs | 303 | by Staff reporter
Reforming to rebuild Zimbabwe: A time for growth - Mthuli Ncube
With the recent announcements of vaccines to the Covid-19 pandemic, the world is staring through their dark tunnel to get a glimpse of the light....Published: 13 Dec 2020 at 05:55hrs | 893 | by Prof Mthuli Ncube
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