Search / Nba
Monetary policy, a huge leap towards safety
The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, yesterday took a huge positive leap towards healing the ailing economy when he devalued the bond note during his Monetary Policy Statement (...Published: 9 hrs ago | 352 | by Staff reporter
Mthuli Ncube says Zimbabwe's inflation rate is being misread
Finance Minister Mthuli Ncube has said the country’s inflation rate, which surged to the highest annual level since a hyperinflation blowout a decade ago, is being misread and the measure of monthly...Published: 13 hrs ago | 4012 | by Bloomberg
Price drop expected after exchange rate liberalisation
PRICES of most goods and services are expected to decline or stabilise in the short to medium term following the freeing up of the exchange rate, after the Reserve Bank of Zimbabwe floated the rate be...Published: 20 Feb 2019 at 22:39hrs | 1275 | by Staff reporter
Mnangagwa summons Billy Rautenbach
PRESIDENT Emmerson Mnangagwa has summoned controversial businessman Billy Rautenbach to answer to charges that he is denying thousands of Chingwizi villagers access to potable water after fencing off ...Published: 18 Feb 2019 at 07:22hrs | 3186 | by Staff reporter
'Bulawayo artistes more popular outside Zimbabwe'
Southern region artistes say they are more popular outside Zimbabwe due to a number of reasons, chief being the imbalance in airplay which favours artistes from the other parts of the country....Published: 17 Feb 2019 at 08:08hrs | 879 | by Staff reporter
Mangudya walks out of meeting with Mthuli Ncube
THERE was high drama after Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, in a fit of rage, tossed paper files at Finance minister Mthuli Ncube and walked out of a meeting, angrily slamming th...Published: 15 Feb 2019 at 15:37hrs | 19104 | by Staff reporter
Zimbabwe looks to tackle telecom fraud with technology
Despite an ambitious economic reform agenda, Zimbabwe's economic freedom score dropped down 3.6 points to a mere 40.4 on the Heritage Foundation's latest Index of Economic Freedom, making its economy ...Published: 15 Feb 2019 at 09:38hrs | 579 | by Agencies
Ncube, Mangudya policy tussle on monetary policy statement
POLICY efficacy doubts - both fiscal and monetary - in supporting a liberalised foreign currency market, effectively discarding the 1:1 US dollar-bond note/RTGS dollar peg, have arguably been the main...Published: 15 Feb 2019 at 08:27hrs | 511 | by Brett Chulu
Business complicit in Zimbabwe's economic woes
CHIEF executive officers from across the African continent have been meeting in the resort town of Victoria Falls for the last three days in a bid to find lasting solutions to the economic crisis faci...Published: 15 Feb 2019 at 08:23hrs | 255 | by Staff reporter
Zimbabwe property owners charge rentals in forex
PROPERTY owners are now demanding rentals in foreign currency as the local unit continues to rapidly lose value against the US dollar, businessdigest has learnt.The trend of charging goods and...Published: 15 Feb 2019 at 08:21hrs | 463 | by Staff reporter
Mthuli Ncube, Mangudya in bitter fight over new Zimdollar
PRESIDENT Emmerson Mnangagwa has been forced to intervene in a growing turf war between Reserve Bank of Zimbabwe governor John Mangudya and his boss Finance minister Mthuli Ncube on the path Zimbabwe ...Published: 14 Feb 2019 at 15:51hrs | 19714 | by Staff reporter
Chamisa lost the plot again on dialogue
President Emmerson Mnangagwa in his inimitable wisdom invited other presidential hopefuls who lost the 2018 Presidential race in a bid to map the way forward on the framework towards resolving the nat...Published: 13 Feb 2019 at 08:54hrs | 3666 | by Elijah Chihota
Mliswa on a bull rampage
NORTON legislator Mr Temba Mliswa, who has a long history of controversy from sport to business; politics to his love life, is back on a rampage. Whether it is mere attention seeking or a tragic chara...Published: 13 Feb 2019 at 08:54hrs | 2158 | by Staff reporter
Mliswa stirs fresh controversy
NORTON legislator, Mr Temba Mliswa, who has a long history of controversy from sport to business; politics to his love life, is back on a rampage. Whether it is mere attention seeking or a tragic char...Published: 12 Feb 2019 at 22:38hrs | 2463 | by Staff reporter
WhatsApp gives away Mliswa's shady deals
NORTON legislator Temba Mliswa, who is in the eye of a storm for allegedly soliciting for a bribe from a local businessman, has claimed to belong to very powerful cartels after being cornered by fello...Published: 12 Feb 2019 at 16:12hrs | 6863 | by Staff reporter
Passports backlog hits RG's office as dollar crunch bites
Delays in the processing of passports have hit Zimbabwe, with Registrar General Clemence Masango blaming a worsening foreign currency crisis which has sparked the downsizing of operations fearing a st...Published: 12 Feb 2019 at 10:49hrs | 1774 | by Staff reporter
Mthuli Ncube shoots down Biti's fear mongering attempt
FORMER Finance minister Tendai Biti yesterday sensationally claimed that government was planning to reintroduce a local currency this week, describing the purported move as "pure undiluted insanity"....Published: 12 Feb 2019 at 07:32hrs | 978 | by Staff reporter
Government speaks on new Zim currency
The Deputy Minister of Information, Publicity and Broadcasting Services Energy Mutodi has poured cold water on revelations by former Minister of Finance Tendai Biti that Zimabbwe would be introducing ...Published: 11 Feb 2019 at 12:00hrs | 21082 | by Mandla Ndlovu
New Zim currency expected this week
Former Finance Minister Tendai Biti has revealed that government will be introducing a new currency this week as promised by current Finance Minister Mthuli Ncube that the country will soon adopt its ...Published: 11 Feb 2019 at 08:28hrs | 23157 | by Mandla Ndlovu
Zimbabwe 'shadow minister of finance' wants the country to adopt SA rand as currency
Zimbabwe should adopt South Africa's rand as its currency, one of a series of fundamental reforms needed to restore economic stability in the country, former Finance Minister Tendai Biti said....Published: 08 Feb 2019 at 20:54hrs | 3597 | by Bloomberg
'Zimbabwe to introduce domestic currency'
Zimbabwe will reintroduce domestic currency only when conditions are ripe and critical economic fundamentals are in place since using the US dollar as an anchor currency is now unsustainable, accordin...Published: 08 Feb 2019 at 09:04hrs | 7062 | by Business weekly
Zimbabwe military's record is unquestionable
The security forces have the obligation to defend and safeguard the country and they must carry out their mandates without fear or favour. However, it seems certain sections of the media are on a miss...Published: 06 Feb 2019 at 22:50hrs | 2263 | by Ruvimbo Chivero & Solomon Banda
MDC's full letter to Mnangagwa on dialogue
6th February, 2019Chief Secretary to the President & CabinetMunhumutapa BuildingSamora Machel AveHarareAtt: Dr M. SibandaRE: ...Published: 06 Feb 2019 at 15:13hrs | 5893 | by MDC
'Security forces have an obligation to defend the country'
The security forces have an obligation to defend and safeguard the country and they must carry out their mandates without fear or favor. However, it seems certain sections of the media are on ...Published: 05 Feb 2019 at 11:14hrs | 1154 | by Chrispen Chebundo
NatPharm to open retail pharmacies
THE National Pharmaceuticals Company (NatPharm) will soon establish retail pharmacies that will dispense drugs at affordable prices and accept forms of payment accessible to the majority as Government...Published: 03 Feb 2019 at 11:52hrs | 320 | by Staff reporter
7-Star Swiss hotel for Zimbabwe
Swiss billionaire and owner of Dolder Grand Hotel in Zurich, Mr URs Ernst Schwarzenbach, has expressed interest in investing in Zimbabwe, in a development that could bring an ultra-luxury, 7- Star hot...Published: 02 Feb 2019 at 05:45hrs | 529 | by Staff reporter
Bread price set to go up
The National Bakers Association of Zimbabwe (NBAZ) is considering another increase in the cost of bread because the obtaining price is no longer viable for the industry. Late last year, bakeri...Published: 31 Jan 2019 at 10:22hrs | 2741 | by Staff reporter
RBZ incorporates US$ on RTGS platform
THE Reserve Bank of Zimbabwe (RBZ) has upgraded the Real Time Gross Settlement (RTGS) platform to include the United States dollar as the institution seeks to facilitate payments of the greenback Nost...Published: 29 Jan 2019 at 07:54hrs | 1512 | by Staff reporter
What TUKU confided in me about Shepard Mutamba - may his death unites us
The mountain has collapsed, the nation lost one of its on songbird, icon, selfless spirit, hero and the son of Mbuya Nehanda. Just like (Ndabaningi Sithole, Lookout Masuku, Edgar Tekere, Morgan Tsvang...Published: 24 Jan 2019 at 14:06hrs | 7960 | by Don Chigumba
'Dump bond notes'
Zimbabwe should dump its discredited bond notes and real time gross settlement (RTGS) system and re-introduce the United States dollar as a way of solving the country's fragile currency situation and ...Published: 22 Jan 2019 at 16:08hrs | 2002 | by STaff reporter
Cry my beloved Zimbabwe . . . as country is closed for business
Once open for business, Zimbabwe is closed for business.Shops are closed, people are scared and companies are closing just as is the democratic space that President Emmerson Mnangagwa opened u...Published: 20 Jan 2019 at 12:25hrs | 2151 | by Staff rpeorter
Panicking Zimbabwean shoppers besiege supermarkets
Hundreds of panicking shoppers yesterday thronged supermarkets and engaged in panic buying after some of the country's leading retailers opened their doors to the public following three da...Published: 19 Jan 2019 at 11:49hrs | 894 | by Staff reporter
Zimbabwe local currency recipe for disaster
FINANCE minister Mthuli Ncube's recent pronouncements that Zimbabwe will revert to using its own currency, a decade after it abandoned the local dollar in favour of a basket of currencies is not feasi...Published: 19 Jan 2019 at 10:53hrs | 734 | by Staff reporter
Imports push fridge makers to the edge
THE local refrigerator-manufacturing industry needs protection from imports as it is now cheaper to import than manufacture, a leading player, Capri, has said.The fridge maker, which ceased op...Published: 19 Jan 2019 at 10:46hrs | 188 | by Staff reporter
Zimbabwe inflation shoots to 42,09%
ZIMBABWE'S inflation rose to 42,09% year-on-year in December, its highest for a decade, from 31,01% in November driven by increases in the price of basic goods, the Zimbabwe National Statistics Agency...Published: 18 Jan 2019 at 12:12hrs | 358 | by Staff reporter
Zimbabwe's woes deepen
Not having a currency of its own hasn't stopped Zimbabwe from sliding into a currency crisis.A scarcity of foreign exchange has led to long queues for fuel, bread and medicine and sent prices ...Published: 15 Jan 2019 at 12:56hrs | 1340 | by Bloomberg News
Mnangagwa on the edge
Mass protests proposed by the combined force of civil servants, labour unions and the opposition MDC Alliance have plunged President Emmerson Mnangagwa and his Zanu-PF party into panic, amid fears the...Published: 13 Jan 2019 at 08:32hrs | 1639 | by Staff reporter
Mukupe pushes for Zimdollar return
Former deputy Finance minister Terence Mukupe, said without reintroducing local currency and having a serious reengagement with the United States of America (USA) the country will continue to suffer....Published: 12 Jan 2019 at 17:33hrs | 2869 | by Staff reporter
Mnangagwa under massive pressure
PRESIDENT Emmerson Mnangagwa's administration faces a mammoth task to steady the ship and deliver the goods as pressure mounts from all angles amid massive economic, social and political turbulence wh...Published: 11 Jan 2019 at 10:03hrs | 5580 | by Staff reporter
Growing unrest exposes official posturing
FAILURE by government to address the unrelenting currency crisis has come back to haunt the country as evidenced by widespread unrest triggered by the rising cost of living.Finance minister Mt...Published: 11 Jan 2019 at 10:00hrs | 746 | by Staff reporter
'ZANU PF must create its own bank'
Dreaded ZANU PF activist Fidelis Fengu has called upon ZANU PF to create its own bank if it is to advance the growth and development agenda.Said Fengu, "ZANU PF must create, operate and manage...Published: 09 Jan 2019 at 11:32hrs | 391 | by Mandla Ndlovu
ZANU PF Youth leader condemns Youth bank
ZANU PF Secretary for Youth Affairs Lewis Matutu has condemned Empower Bank saying the way that it is being run is not good for youths."Empower Bank is an empowerment tool for young people but...Published: 09 Jan 2019 at 08:07hrs | 2235 | by Mandla Ndlovu
Bond notes unsustainable, fuel inflation, claims Fitch
Fitch Solutions, the macro-economic arm of global rating agency says Zimbabwe's currency regime is highly unsustainable and will continue to fuel inflationary pressures going forward.In 2009, ...Published: 08 Jan 2019 at 09:16hrs | 662 | by Staff reporter
Mnangagwa's Zimbabwe heads for shutdown
Government could be headed for a complete shutdown if it does not urgently address the concerns of its employees who are downing tools to press for better pay and improved working conditions, analysts...Published: 07 Jan 2019 at 09:05hrs | 5876 | by Staff reporter
Chiwenga suffers from a rare condition
Zimbabweans in the social media have taken chances to cartoon the Vice President Cde Chiwenga because of his unique pronunciation of the words with letter "L" in English. Most people have found joy in...Published: 06 Jan 2019 at 14:45hrs | 24201 | by Dr Masimba Mavaza
Mnangagwa on the edge over unrest
Mass protests proposed by the combined force of civil servants, labour unions and the opposition MDC Alliance have plunged President Emmerson Mnangagwa and his Zanu-PF party into panic, amid fears the...Published: 06 Jan 2019 at 10:26hrs | 7657 | by Staff reporter
Les Propheties: A peep into the year ahead
FRENCH apothecary and astrologer Michel de Nostredame, commonly referred to as Nostradamus, is best known for his book Les Propheties, a collection of 942 poetic quatrains claiming to predict future e...Published: 06 Jan 2019 at 10:06hrs | 184 | by Staff reporter
Harare's booming automotive market
Downtown Harare is an economic hub.Here, money arguably changes hands more than in any other part of the city.It is typically the Wall Street of the capital.Household goods, sc...Published: 06 Jan 2019 at 09:46hrs | 2482 | by Staff repoirter
Labour unrest as teachers, nurses and senior doctors join strike
Zimbabwe has been plunged into a labour crisis of monumental proportions after senior doctors, nurses and teachers joined the ongoing strike by junior doctors which is now more than a month old....Published: 04 Jan 2019 at 19:33hrs | 1017 | by Staff reporter
Zimbabwe bond notes under siege
The bond note is increasingly suffering rejection from the corporate sector after Delta Corporation Limited went public on Wednesday saying it will be selling its products in hard currency.Del...Published: 04 Jan 2019 at 19:31hrs | 6852 | by Staff reporter
Load More Stories
