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Zimbabwe loses 18% of its energy
Zimbabwe's Energy and Power Development Minister Edgar Moyo has called for urgent upgrades to the country's grid network to address the unacceptable 18% energy loss rate, significantly higher than the...Published: 20 Nov 2024 at 07:01hrs | 268 | by Staff reporter
Zimbabweans blast government over WhatsApp licences
A wave of backlash has erupted across Zimbabwe following the government's announcement of new regulations requiring WhatsApp group administrators to obtain licenses and comply with stringent data prot...Published: 09 Nov 2024 at 17:12hrs | 242 | by Staff reporter
Zimbabwe's unemployment rate goes up
ZIMBABWE'S national unemployment rate has slightly moved by 1,3% to 890 161 compared to 850 326 recorded in the first quarter as the country's economic downturn shows no signs of abating, latest Zimba...Published: 07 Nov 2024 at 07:15hrs | 454 | by Staff reporter
Zimbabwe retailers rejects forced de-dollarisation
Zimbabwean retailers have issued a stark warning to the government regarding the potential consequences of de-dollarising the economy, cautioning that such a move could have catastrophic effects. This...Published: 02 Oct 2024 at 07:55hrs | 730 | 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 | 3498 | by Staff reporter
Zimbabwe banks reduce lending as crisis persists
Zimbabwe's banking sector is facing significant challenges that have limited its ability to lend, according to the Bankers Association of Zimbabwe (BAZ). Key issues include the absence of a le...Published: 06 Sep 2024 at 14:41hrs | 201 | by Staff reporter
Mnangagwa confirms structure to 'drip feed' ZWG into economy
Deputy Minister of Finance, Economic Development, and Investment Promotion, David Mnangagwa, acknowledged that the introduction of the Zimbabwe Gold (ZWG) currency in April has been characterized by a...Published: 01 Jul 2024 at 13:34hrs | 10 | by Staff reporter
Mthuli Ncube summoned over ZiG
FINANCE minister Mthuli Ncube has been summoned to Parliament to explain how the Zimbabwe Gold (ZiG) currency introduced on Friday will work.Legislators also want Ncube to amend the Finance Ac...Published: 11 Apr 2024 at 08:45hrs | 1 | 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
Zidera is the primary obstacle Zimbabwe's economic progress
INDUSTRY leaders have pleaded for the total removal of the sanctions programme under the Zimbabwe Democracy and Economic Recovery Act (Zidera), citing them as the primary obstacle to the economic prog...Published: 06 Mar 2024 at 20:54hrs | 1 | by Staff reporter
'54% Zimbabweans unemployed'
ONLY 46,3% of Zimbabwe's working age population are employed, the Zimbabwe National Statistics Agency (ZimStat)'s latest figures have revealed.In its 2023 fourth quarter labour force survey, Z...Published: 21 Feb 2024 at 07:17hrs | 1 | by Staff reporter
Zimbabwe economy edges towards full dollarisation
THE economy is edging closer to full dollarisation amid reports that the informal sector is rejecting the dual pricing regime, exclusively selling in the United States dollar.Latest figures re...Published: 09 Feb 2024 at 06:58hrs | 1 | by Staff reporter
The political leaders we want in Zimbabwe
WHEN a system is not producing the results we want, we must change the system to get different results.That system can only change when those in leadership realise and acknowledge that the old...Published: 04 Jul 2023 at 07:08hrs | 1 | by Vince Musewe
Mnangagwa's cost-of-living nightmare terribly deepens
NINE weeks before Zimbabwe's general elections, President Emmerson Mnangagwa faces a moment of truth as the imploding economy plunges the country into its third hyperinflation in 15 years amid rising ...Published: 18 Jun 2023 at 15:15hrs | | by Staff reporter
'Shut down RBZ's irrelevant forex auction system'
ECONOMIC analysts this week said the central bank must close the foreign exchange auction system, saying it was no longer serving its purpose.The Reserve Bank of Zimbabwe (RBZ) last month limi...Published: 09 Jun 2023 at 06:33hrs | 4 | by Staff reporter
'Dump Zimdollar'
ECONOMIC analysts have said Finance minister Mthuli Ncube's new measures introduced on Monday have very little chance of saving the Zimbabwe dollar from collapse.They instead advised Ncube to ...Published: 01 Jun 2023 at 06:47hrs | 1 | by Staff reporter
Zimbabwe to convert coal to fertiliser
A Zimbabwean government-owned entity, Verify Engineering, is preparing to use locally available coal to develop ammonia-based fertilisers as the country ramps up agricultural productivity."We ...Published: 14 May 2023 at 12:42hrs | 24 | by Takudzwa Changadeya
Zimbabwe price spikes spook consumers
A NEW wave of price hikes, triggered by the plummeting local currency on the parallel market, has thrown many consumers off balance.As of yesterday, the local currency was trading between $1 8...Published: 26 Apr 2023 at 06:35hrs | | by Staff reporter
RBZ boss speaks on looming exit
The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says his top priorities are to leave behind a sound financial system, strong central bank, and stable prices as his two terms come to an end....Published: 16 Apr 2023 at 08:32hrs | | by Staff reporter
We must create the Zimbabwe we truly want
READING the book Why Nations Fail by authors Daron Acemoglu and James Robinson continues to confirm my observations which I have been sharing with my readers for some time.The challenge we fac...Published: 10 Mar 2023 at 05:20hrs | 1 | by Vince Musewe
Demand for US$ salaries grow louder
WORKERS' unions yesterday implored government and the private sector to pay United States dollar salaries with immediate effect as the economy has moved closer to full dollarisation.Latest Zim...Published: 09 Feb 2023 at 05:08hrs | | by Staff reporter
Zimbabwe ranked one of the most 12 advanced countries in Africa
ZIMBABWE has been ranked one of the 12 most advanced countries in Africa on 11th position, due to its gross income from the informal sector which sustains the country's economy.In a recen...Published: 28 Dec 2022 at 20:59hrs | | by Staff reporter
'Mthuli Ncube must pay civil servants USD salaries'
PRESSURE is mounting on Finance minister Mthuli Ncube to announce the payment of civil servants' salaries in United States dollars in the 2023 national budget which he will announce today.Ncub...Published: 24 Nov 2022 at 04:59hrs | | by Staff reporter
The economic impact of Zidera
No doubt there are many opinions and interpretations out there with regard to the issue of sanctions and I thought it's important to try and unpack the Zimbabwe Democracy and Economic Recovery Act (Zi...Published: 04 Nov 2022 at 05:34hrs | 1 | by Vince Musewe
Will gold coins ease the pain?
A SENATOR and economic analysts have dismissed government's new gold coins as elitist and told Finance minister Mthuli Ncube to sort out the country's financial mess.This is after Reserve Bank...Published: 07 Jul 2022 at 08:06hrs | 9 | by Staff reporter
Mnangagwa's govt hiding behind Ukraine-Russia war'
GOVERNMENT has been accused of using the Russian invasion of Ukraine as a scapegoat for its failure to manage the country's ailing economy.On Monday, Women's Affairs, Small and Medium Enterpri...Published: 06 Jul 2022 at 18:06hrs | | by Staff reporter
Zimbabwe has higher inflation than war-torn Ukraine
ZIMBABWE's inflation rate at 191,7% as of June 23 is now much higher than Ukraine's 41%, a country in the middle of a fierce war with Russia.In a statement, the Zimbabwe Coalition on Debt and ...Published: 01 Jul 2022 at 07:22hrs | 5 | by Staff reporter
Mthuli Ncube has not ruled out US$ salaries
GOVERNMENT yesterday said it had not yet ruled out the possibility of paying civil servants salaries in United States dollars citing the current US$175 incentive as evidence of its willingness to meet...Published: 22 Jun 2022 at 06:47hrs | | by Staff reporter
Duration Gold launches Zimbabwe 'second biggest' exploration
AMBITIOUS resources outfit Duration Gold said this week it had launched a ground breaking multi-commodity exploration campaign, which could help it achieve a long-cherished ambition to become a large-...Published: 17 Jun 2022 at 08:56hrs | 17 | by Staff reporter
Dollar o'clock: Should Zimbabwe axe its faltering currency again?
IN early 2019, Zimbabwe's central bank announced plans to bring back the Zimbabwe dollar as legal tender after a decade of using the US dollar and seven other international currencies because raging h...Published: 11 May 2022 at 09:11hrs | | by Staff reporter
Fuel hikes to worsen economic woes
GOVERNMENT yesterday increased prices of petrol and diesel by 23.78% and 18.23% respectively, a move that economists said will result in a hike in prices of basic goods and services and further erode ...Published: 26 Apr 2022 at 08:21hrs | | by Staff reporter
Mnangagwa presides over corrupt government
REVELATIONS by Auditor-General Mildred Chiri that Treasury made foreign direct payments on behalf of 16 government ministries amounting to more than US$300 million without the required parliamentary a...Published: 08 Apr 2022 at 19:30hrs | 9 | by Staff reporter
'Govt's US dollar salary confirms dollarisation'
OBSERVERS have said government's move to pay civil servants in local currency and United States dollars signals that the country has dollarised.Government reintroduced the local currency in 20...Published: 11 Feb 2022 at 05:44hrs | | by Staff reporter
Zimbabwe doesn't have sufficient forex to dollarise
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has said the country does not have sufficient foreign currency to dollarise the economy as the local currency continues to slide in value....Published: 09 Feb 2022 at 05:25hrs | | by Staff reporter
Sadc regional integration will benefit Zimbabwe
THE Southern African Development Community's (Sadc) regional indicative strategic development plan (RISDP) 2020–30 of October 2020 is a framework for the implementation of Sadc's regional integratio...Published: 12 Jan 2022 at 23:13hrs | | by Vince Musewe
Agriculture as the trigger to industrialisation
"The sacrosanct cornerstone and golden thread upon which any successful productive economy can be built is the legal protection of private property ownership."We all know that Zimbabwe's agric...Published: 03 Jan 2022 at 05:56hrs | 8 | by Vince Musewe
Zimbabwe needs to rid itself of old-fashioned leaders
DEAR President Emmerson Mnangagwa.Your Excellency, we have heard you speak glowingly about yourself as a "servant leader", "not leaving anyone behind", and being a "listening President"....Published: 17 Nov 2021 at 05:37hrs | 8 | by Staff reporter
Monetary policy in a complex economy
MAINSTREAM neoclassical economics, which has been the dominant economic thinking for over a century, is no longer an adequate mental model to interpret and shape the socio-economics of a new reality....Published: 17 Nov 2021 at 05:36hrs | 9 | by Vince Musewe
New ZW$50 note well overdue?
The Reserve Bank of Zimbabwe (RBZ) recently introduced ZW$360 million worth of a new ZW$50 dollar note into the market, having taken regard of inflation and the need for convenience. The new note is w...Published: 08 Aug 2021 at 16:06hrs | | by Vince Musewe
'Biti must not be expelled from Parliament'
Zanu-PF is determined to establish a one-party state similar to the Chinese model, former People's Democratic Party (PDP) secretary-general Gorden Moyo said on Thursday.Moyo spoke a day after ...Published: 19 Mar 2021 at 09:31hrs | 9 | by Staff reporter
Conversations must go beyond the forex auction and focus on production
Driving through Zimbabwe's once vibrant industrial hubs in Belmont (Bulawayo), Paulington (Mutare), Southerton, Graniteside, Working, Msasa (all in Harare), and elsewhere, one gets the sense that the ...Published: 28 Jan 2021 at 22:06hrs | 10 | by Andrew Lampard
Conversations must go beyond the forex auction and focus on production
Driving through Zimbabwe's once vibrant industrial hubs in Belmont (Bulawayo), Paulington (Mutare), Southerton, Graniteside, Working, Msasa (all in Harare), and elsewhere, one gets the sense that the ...Published: 28 Jan 2021 at 16:57hrs | 2 | by Andrew Lampard
Understanding the ZAMCO business model
There has been a lot of talk about the Zimbabwe Asset Management Company (Zamco) lately, particularly after the appearance of the Reserve Bank of Zimbabwe governor, John Mangudya, before the Parliamen...Published: 04 Apr 2019 at 07:02hrs | | by Vince Musewe
Zimbabwean seeks twinning of Mutare, Toronto
RENOWNED Zimbabwean paediatric cardiologist Norman Nhamohainavazhinji Musewe, who is based in Toronto, Canada, is pushing for the twinning of Mutare city with a satellite city of Greater Toronto....Published: 02 Apr 2019 at 08:10hrs | 1 | by Staff reporter
Re-inventing Zimbabwe industrial base
THERE is no doubt in my mind that Zimbabwe is on a new economic trajectory which must be underpinned by key principles which have, throughout history, led to the emergence of successful economies....Published: 29 Mar 2019 at 12:06hrs | | by Vince Musewe
Price stability key to economic recovery
"A more efficient management system of scarce foreign exchange is key to price stabilisation and business growth."According to the "Transitional Stabilisation Programme" (TSP), the aspirations...Published: 18 Mar 2019 at 06:52hrs | | by Vince Musewe
Has Zimbabwe become an Oliver Twist?
A couple of days ago, central bank governor John Mangudya aptly described Zimbabwe in Parliament as "a step child in a family of nations."What an apt description! This is exactly what Zimbabwe...Published: 13 Mar 2019 at 12:24hrs | 1 | by Editorial - Daily News
Botswana credit line to Zimbabwe unpacked
The $95-million credit line to Zimbabwe is earmarked for the private sector and revival of struggling industries.Although this is a drop in the ocean to what Zimbabwe requires for total recove...Published: 04 Mar 2019 at 07:29hrs | 1 | by DW
Mnangagwa's diplomatic offensive off the rails
LAST week's damning testimonies in the United States senate on the human rights situation in Zimbabwe have thrown President Emmerson Mnangagwa's international re-engagement agenda off balance, as Wash...Published: 14 Dec 2018 at 06:32hrs | | by Staff reporter
The bad habits Mnangagwa won't stop
One of the reasons Zimbabweans were eager to see long-time ruler Robert Mugabe's back was because his regime stifled freedom of expression and those that dared criticise him publicly paid dearly. ...Published: 18 Nov 2018 at 08:03hrs | | by Staff reporter
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