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Zimbabwe govt gets thumbs up for DBOT for roadworks
Economists have asserted that adopting the Design, Build, Operate, and Transfer (DBOT) model for road infrastructure development in Zimbabwe is crucial to curbing corruption and ensuring quality workm...Published: 04 Oct 2024 at 08:46hrs | 6148 | by Staff reporter
Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 621 | by Staff reporter
Zimbabweans outraged after RBZ devalues ZiG
A storm of outrage has swept across Zimbabwe following the Reserve Bank of Zimbabwe's (RBZ) shocking decision to devalue the Zimbabwe Gold (ZiG) currency by 75%. The drastic measure has ignited a wave...Published: 28 Sep 2024 at 13:27hrs | 6764 | by Staff reporter
'Zimbabwe's feja-feja economics not working'
Major retail shops in Zimbabwe adjusted their exchange rates to ZiG30 per dollar yesterday as the local currency continued to falter, a day after President Emmerson Mnangagwa accused economic "saboteu...Published: 27 Sep 2024 at 08:26hrs | 284 | by Staff reporter
Zimbabwe urged to ditch 'command' exchange rate
The government of Zimbabwe is facing increasing pressure to abandon its "command" exchange rate for the Zimbabwe Gold (ZiG) currency, introduced in April, as businesses struggle to cope with currency ...Published: 25 Sep 2024 at 09:21hrs | 3966 | by Staff reporter
Currency crisis piles more misery on fragile Zimbabwe economy
Leading economists have raised concerns over the potential economic impact of the recent waves of price hikes and currency volatility, which threaten to further destabilize an already fragile economy....Published: 20 Sep 2024 at 13:12hrs | 3493 | by Staff reporter
Mnangagwa's govt in a fix as ZiG is rejected
The Zimbabwean government's efforts to promote the use of the Zimbabwe Gold (ZWG) currency have hit a major hurdle, as wheat farmers have refused to accept payment in local currency for their deliveri...Published: 18 Sep 2024 at 08:30hrs | 5444 | by Staff reporter
Chiwenga to headline governance conference
Vice-President Dr. Constantino Chiwenga is set to deliver the keynote address at the 2024 Chartered Governance and Accountancy Institute of Zimbabwe (CGAIZ) Annual Conference, taking place in Victoria...Published: 11 Sep 2024 at 08:42hrs | 170 | by Staff reporter
Zimbabwe economy could hamper Mnangagwa's Brics ambition
President Emmerson Mnangagwa has announced Zimbabwe's readiness to join the BRICS grouping, claiming the country now has a stable currency and solid economic fundamentals. BRICS, comprising Brazil, Ru...Published: 02 Jul 2024 at 12:49hrs | 10 | by Staff reporter
Mnangagwa caught between words and wallet
In a scene reminiscent of a political satire, President Emmerson Mnangagwa found himself amidst a whirlwind of irony during a recent event at Nhakiwa Vocational Training Centre in Uzumba, where he lau...Published: 28 May 2024 at 09:53hrs | 15 | by Staff reporter
Reserve Bank of Zimbabwe appoints tainted Mpofu
TRUST, confidence and credibility of the Reserve Bank of Zimbabwe (RBZ) has been put at stake after the new central bank governor John Mushayavanhu appointed tainted banker Morris Bekezela Mpofu as hi...Published: 19 May 2024 at 11:54hrs | 14 | by Staff reporter
CIOs go after illegal money changers 'running down ZiG'
The ruling party Zanu-PF has issued a strong warning to black market traders, accusing them of undermining the newly introduced gold-backed currency, ZiG.Christopher Mutsvangwa, Zanu-PF's secr...Published: 16 Apr 2024 at 19:16hrs | 1 | by Staff reporter
RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | 1 | by Kenneth Mufuka
Zimbabwe's new ZiG spins markets into trading disruptions and uncertainty
Zimbabwe's newly introduced ZiG currency is causing market disruptions and transaction bottlenecks despite central bank assurances that it is backed by gold and foreign currency reserves, amid sceptic...Published: 09 Apr 2024 at 06:24hrs | | by Staff reporter
Zimbabwe's new currency chaos
ZIMBABWEAN consumers were yesterday left stranded after businesses suspended trading using the Zimbabwe dollar following the introduction of a new currency on Friday.Reserve Bank of Zimbabwe (...Published: 07 Apr 2024 at 10:35hrs | | by Staff reporter
New Zimbabwe central bank boss talks tough
RESERVE Bank of Zimbabwe (RBZ) governor John Mushayavanhu on Friday declared that he will protect the central bank from external forces to maintain its independence.But analysts were quick to ...Published: 07 Apr 2024 at 10:23hrs | | by Staff reporter
Zimbabwe's new currency greeted with pessimism
The new currency introduced by the Reserve Bank of Zimbabwe (RBZ) on Friday has been branded old wine in new bottles by economists and financial experts who doubt that it will stand the test of time....Published: 07 Apr 2024 at 10:18hrs | 1 | by Mthandazo Nyoni
Anti-Zimbabwe economist says ZiG is old wine in new bottles
Prominent Zimbabwean economist and financial analyst Professor Gift Mugano says the new local currency launched today - unimaginatively named Zimbabwe Gold (ZiG) amid noisy claims by government offici...Published: 06 Apr 2024 at 13:20hrs | | by Staff reporter
Zimbabwe central bank summons Bank CEOs
The Reserve Bank of Zimbabwe (RBZ) has summoned chief executives of key financial institutions, specifically banks, for a meeting tomorrow morning ahead of the much-anticipated launch of a new currenc...Published: 04 Apr 2024 at 10:29hrs | 1 | by Staff reporter
Govt critic slams introduction of Zimbabwe's new 'structured currency'
Prominent economist Gift Mugano has dismissed the government's proposed introduction of a "structured currency" as merely a repetition of past unsuccessful endeavors. This move is seen as the latest e...Published: 03 Apr 2024 at 08:53hrs | 1 | by Staff reporter
All eyes on new RBZ boss
RESERVE Bank of Zimbabwe (RBZ) new governor John Mushayavanhu is facing a tough challenge as he is expected to immediately halt the freefall of the Zimbabwe dollar and stop the economic implosion blam...Published: 31 Mar 2024 at 16:36hrs | | by Staff reporter
Zanu-PF MPs shower praises on Mnangagwa
Zanu-PF legislators have been praising President Emmerson Mnangagwa's State of the Nation Address (Sona), which painted a rosy picture of the country's fortunes despite the deteriorating socio-economi...Published: 12 Feb 2024 at 13:54hrs | | by Staff reporter
Mugano quits commenting on Zimbabwe economic issues
Economist Professor Gift Mugano has declared his decision to refrain from providing comments on Zimbabwean economic matters, following repeated accusations from Zanu-PF labeling him as an "anti-econom...Published: 13 Jan 2024 at 07:38hrs | 9 | by Staff reporter
Zimra tightens screws on businesses
GOVERNMENT and the business sector are headed for a showdown after the Zimbabwe Revenue Authority (Zimra) yesterday announced a raft of tough measures limiting the formal traders' access to commoditie...Published: 04 Jan 2024 at 05:59hrs | 10 | by Staff reporter
Mnangagwa hopeful Zimbabwe economy will turn around in 2024
President Emmerson Mnangagwa has predicted Zimbabwe's moribund economy will turn around this year following the recent discovery of oil and gas near the country's border with Mozambique and Zambia and...Published: 03 Jan 2024 at 05:31hrs | 8 | by Staff reporter
Dark underbelly of pickpocketing in Harare CBD
AWARD-WINNING Zimdancehall chanter Killer T aptly captured Harare central business district in his chartbusting song Masuspect whose lyrics partly go: "Vapfanha vacho vanobhosha masuspect. Havan...Published: 03 Jan 2024 at 05:28hrs | 9 | by Staff reporter
Mthuli Ncube's taxes kick in
Zimbabweans will begin a new year tomorrow faced with a basket of new taxes, levies and fees that will push up the cost of living for many that are already struggling to make ends meet.Finance...Published: 31 Dec 2023 at 13:00hrs | 9 | by Staff reporter
Biti rips into Ncube's 'disastrous' budget
FORMER Finance minister Tendai Biti has described the 2024 budget as a disaster amid concerns that the proposed raft of taxes will deepen Zimbabwe's poverty levels and worsen the economic challenges....Published: 03 Dec 2023 at 17:33hrs | 10 | by Staff reporter
Zimbabweans unhappy at hike in passport fees
A raft of new taxes and increases announced as part of Zimbabwe's 2024 budget by Finance Minister Mthuli Ncube has been widely condemned.The increase in passport fees to $200 (£160), up from ...Published: 03 Dec 2023 at 10:42hrs | 9 | by Staff reporter
Mthuli Ncube makes Zimbabwean passport most expensive in the region
A raft of new taxes and increases announced as part of Zimbabwe's 2024 budget by Finance Minister Mthuli Ncube has been widely condemned.The increase in passport fees to $200 (£160), up from ...Published: 02 Dec 2023 at 11:01hrs | 8 | by Staff reporter
Zimbabwe MPs urged to reject Mthuli Ncube's budget
ECONOMISTS have urged Finance minister Mthuli Ncube to redo the 2024 budget as the one he presented this week only serves to condemn the rest of the population to abject poverty.Ncube presente...Published: 02 Dec 2023 at 05:43hrs | 9 | by Staff reporter
Zanu-PF legislators lavish Mnangagwa with praises
Zanu-PF legislators have been turning turns to sing the praises of President Emmerson Mnangagwa in Parliament, while MPs from the opposition Citizens' Coalition for Change (CCC) have been absent from ...Published: 23 Oct 2023 at 10:51hrs | | by Staff reporter
Mnangagwa's Mutapa Fund likely to create oligarchs
FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition fro...Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter
'Mnangagwa being lied to by his ministers'
Gift Mugano, an economist and government critic, criticized President Emmerson Mnangagwa's administration, suggesting that his ministers were providing misleading information about the state of the ec...Published: 09 Oct 2023 at 06:14hrs | | by Staff reporter
Mnangagwa critic fires from ZimTrade board
Gift Mugano, a government critic, has been swiftly removed from his position on the ZimTrade board.James Manzou, the secretary of the Ministry of Foreign Affairs, did not provide a specific re...Published: 04 Oct 2023 at 20:30hrs | 1 | by Staff reporter
Mnangagwa re-engagement plan in danger
This week, political analysts and prominent economists cautioned that President Emmerson Mnangagwa's efforts to re-engage with the international community could be jeopardized by several unfavorable r...Published: 30 Sep 2023 at 18:35hrs | 1 | by Staff reporter
Zanu-PF will not fix the econmy
Economist Gift Mugano has issued a warning, stating that the ruling Zanu-PF government will face significant challenges in revitalizing Zimbabwe's economy in the aftermath of disputed elections....Published: 14 Sep 2023 at 06:32hrs | | by Staff reporter
'CCC to dump Zimdollar'
NELSON Chamisa's Citizens Coalition for Change (CCC) says it will promptly, albeit temporarily, dump the Zimbabwe dollar for the United States dollar if elected as the new government.Speaking ...Published: 22 Aug 2023 at 06:27hrs | 1 | by Stafff reporter
Why we must reject Zanu-PF
THE Zanu-PF government is not a listening administration. For the last 18 years, I provided the government with grounded policy advice, but all fell on deaf ears. Zanu-PF is so arrogant that in this 2...Published: 21 Aug 2023 at 06:39hrs | 5 | by Gift Mugano
Vehicle imports net US$2bn
THE Zimbabwe Revenue Authority (Zimra) pocketed more than US$2 billion and $29 billion in local currency from vehicle imports in 2022, NewsDay has learnt.According to Zimra, the total revenue ...Published: 31 Jul 2023 at 06:57hrs | 6 | by Staff reporter
Zimdollar shortage hits market
A serious shortage of Zimbabwe dollar has hit the market on fiscal and monetary policy measures amid fears the crunch will affect aggregate demand.The liquidity squeeze follows recent me...Published: 30 Jun 2023 at 16:08hrs | | by Staff reporter
Zimbabwe retailers ban in-store pictures
RETAIL giants in Harare have reportedly resorted to banning customers from taking pictures of commodity prices and some shoppers have been forced to delete photos of prices.The retailers' stan...Published: 17 Jun 2023 at 08:08hrs | 1 | by Staff reporter
Zimbabweans fear repeat of 2008 inflation as Zimdollar nosedives
Zimbabwean businesses and households are fearing a repeat of the hyperinflation seen more than a decade ago as prices of basic commodities spike after a sharp weakening in the local currency, despite ...Published: 14 Jun 2023 at 18:08hrs | | by Staff reporter
Zimdollar rescue mission too late
THE surprise move by Zimbabwe's fiscal and monetary authorities to liberalise the foreign exchange policy after months of shillyshallying amid a fixed rate could be a case of closing the stable door a...Published: 12 Jun 2023 at 06:45hrs | 2 | by Staff reporter
RBZ cannot control black market exchange rate
THE Reserve Bank of Zimbabwe (RBZ) is not responsible for the skyrocketing black-market exchange rate amid rising inflation in the country, according to the its senior payment systems analyst, Howard ...Published: 05 Jun 2023 at 06:48hrs | 1 | by Staff reporter
Zimdollar in spectacular crash
THE Zimbabwe dollar crashed by a whopping 60% against the United States dollar in May alone, underlining a raging economic crisis that has wiped salaries and sent prices soaring.Zimbabwe's eco...Published: 02 Jun 2023 at 06:48hrs | | by Staff reporter
Mthuli Ncube banks on new currency measures
Finance minister Mthuli Ncube on Monday announced new measures to encourage the use of the Zimbabwe dollar as opposed to the U.S. dollar, in a bid to boost the local unit and tame rising consumer infl...Published: 30 May 2023 at 15:10hrs | | by Staff reporter
Mnangagwa govt fails to rig price hikes
The Reserve Bank of Zimbabwe (RBZ) has frozen bank accounts of four major distributors of basic commodities as President Emmerson Mnangagwa's government scrambles to find solutions to soaring prices a...Published: 28 May 2023 at 08:09hrs | 1 | by Staff reporter
Ball is in Mnangagwa's court
LAST week, Zimbabwe continued with its structured debt clearance dialogues with foreign creditors owed over US$14 billion, as the country makes important steps to weave its way out of the debt hole....Published: 26 May 2023 at 06:37hrs | | by Staff reporter
Zimdollar in record crash
THE Zimbabwe dollar tumbled by nearly 26% on the official market on Tuesday, the biggest collapse in one day since the auction system was introduced three years ago, while a government inquiry accused...Published: 25 May 2023 at 06:24hrs | | by Staff reporter
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