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Mystery of Kuda Tagwirei's assets in Zimbabwe revival plan
In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. that would hold some of the nation's most valuable gold, platinum, chrome and nickel mi...Published: 11 May 2021 at 09:02hrs | 6 | by Staff reporter
Zimbabwe reaches 'tipping point'
ZIMBABWE'S Finance minister Mthuli Ncube responded to the country's worsening economic crisis last week by blacking out inflation statistics for the next six months, boosting the price of the little p...Published: 10 Aug 2019 at 11:47hrs | | by Antony Sguazzin, Prinesha Naidoo and Ray Ndlovu
Malema hits back at Mnangagwa
The souring life of Zimbabweans in Zimbabwe is becoming unbearable as each day progresses. With food inflation hovering just beneath the 200 percent mark urgency is needed to alleviate the pandemonium...Published: 29 Jul 2019 at 08:23hrs | 1 | by Daniel Itai
Mthuli Ncube doing everything by the book
Zimbabwe's Finance Minister Mthuli Ncube seems to be doing everything by the book as he pursues orthodox economic policy often prescribed by the global "Bretton Woods" lending institutions to try and ...Published: 18 Jul 2019 at 16:48hrs | | by Reuters
Back to 2008 as Zimdollar returns
FOR President Emmerson Mnangagwa's government, the re-introduction of the national currency a decade after its demise is a return to "normalcy".For most of the country's citizens, it's a bitte...Published: 29 Jun 2019 at 16:47hrs | 1 | by Bloomberg
Mnangagwa has little to show for $27bn
When Emmerson Mnangagwa took over the leadership of Zimbabwe from Robert Mugabe in November 2017, he promised to revive the moribund economy and adopted a mantra he's repeated regularly ever since —...Published: 22 May 2019 at 10:44hrs | 2 | by Bloomberg
Mthuli Ncube tax evokes memories of 2008 crisis in Zimbabwe
When Zimbabwean President Emmerson Mnangagwa appointed a comparatively youthful, Cambridge-trained economist as finance minister in September, he gave him an almost impossible task: repay billions of ...Published: 11 Nov 2018 at 10:25hrs | | by Bloomberg
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 | | by Staff reporter
WATCH: Chamisa comments on Mugabe's statement
Nelson Chamisa comments on Former President Robert Mugabe's statement.Nelson Chamisa comments on Former President Robert...Published: 30 Jul 2018 at 10:56hrs | | by Staff reporter
WATCH: Shots fired at Beitbridge border post
Soldiers reportedly bashed protesters (Omalayitsha) at Beitbridge border post this morning. Apparently Omalayitsha were protesting against corruption at the border post. It is alleged that whe...Published: 22 Jul 2018 at 15:36hrs | | by Staff Reporter
Mnangagwa's security to be drastically tightened
President Emmerson Mnangagwa's close protection will be drastically tightened following a botched "attempted assassination" of the head of State at a rally in Bulawayo, the Zimbabwe Defence Forces has...Published: 05 Jul 2018 at 17:35hrs | | by Staff reporter
Cash shortages now Zimbabwe's major election issue
The leader of Zimbabwe main opposition party, Nelson Chamisa, alighted from his car, grabbed a microphone and made a bold promise to scrap bond notes if he wins the July 30 presidential election to st...Published: 24 Jun 2018 at 16:27hrs | | by Staff reporter
Bankc card cloning on the increase, police warn public
Police have warned members of the public to be wary of a syndicate of criminals that has been swindling people through card cloning, with over 150 cases having been reported countrywide since January....Published: 18 Jun 2018 at 07:06hrs | | by Staff reporter
Zimbabwe lacks capacity to issue sovereign bonds
Zimbabwe lacks capacity to issue sovereign bonds for its Sovereign Wealth Fund at the moment, a regional think-tank has warned, following a government announcement on launch of the fund shortly impend...Published: 26 Apr 2018 at 08:30hrs | | by Staff reporter
2 bulls in the new dispensation kraal
A potential conflict and possibly a constitutional crisis might emerge if President Emmerson Mnangagwa does not deal with overlapping responsibilities between him and his equally powerful deputy, Vice...Published: 23 Apr 2018 at 14:32hrs | | by Staff reporter
'Improved credit rating signals Zim's right direction'
STABILISATION of credit rating entails that Zimbabwe's risk profile has improved and the country now has an opportunity to secure fresh lines of credit and new investments, economists said yesterday....Published: 14 Mar 2018 at 06:03hrs | 1 | by Staff reporter
'Zimbabwe needs more bond notes'
Zimbabwe should increase the number of bond notes circulating in the country as a way of reducing inflation, an economist has said.The Confederation of Zimbabwe Industries (CZI) chairperson fo...Published: 31 Jan 2018 at 10:52hrs | | by Staff reporter
Grace Mugabe to stand trial if she is found guilty
President Emmerson Mnangagwa has said former first lady Grace Mugabe will not be spared from the corruption dragnet and will stand trial if she is found on the wrong side of the law.He said th...Published: 25 Jan 2018 at 09:08hrs | | by Staff reporter
Mugabe's night of the long knives
The Cabinet reshuffle has severely damaged the succession prospects of the so-called Team Lacoste led by Vice President Emmerson Mnangagwa, but side-lining the VP is going to prove more difficult and ...Published: 14 Oct 2017 at 15:17hrs | 1 | by Staff reporter
Chombo's appointment shocked many Zimbabweans
While new Finance minister Ignatius Chombo took up his new post on Tuesday, President Robert Mugabe's decision to replace Patrick Chinamasa was met with shock and disappointment.Mugabe moved C...Published: 12 Oct 2017 at 16:37hrs | | by Staff reporter
Mugabe's 'election Cabinet'
PRESIDENT Robert Mugabe on Monday night announced a widely anticipated mini-Cabinet reshuffle, his second in two years.Mugabe made eight new appointments, reassigned 10 other ministers and dro...Published: 12 Oct 2017 at 15:38hrs | | by Staff reporter
Zanu-PF infighting spreads to CIO, army and police
The infighting at the top of President Robert Mugabe's ruling Zanu-PF party is spreading to elements of the bureaucracy and security establishment, and the harsh words being exchanged and the absence ...Published: 10 Oct 2017 at 18:58hrs | | by Staff reporter
Zimbabwe rules out adopting SA Rand
Reverse Bank of Zimbabwe (RBZ) governor John Mangudya has ruled out prospects of Zimbabwe adopting the South African rand as its anchor currency.This comes amid frenzied social media posts cla...Published: 06 Oct 2017 at 14:19hrs | | by Staff reporter
Tsvangirai is worried
MDC president Morgan Tsvangirai is worried that the continuing bickering within the opposition movement over the consummation of the eagerly-awaited grand coalition could lead to voter apathy in next ...Published: 29 Aug 2017 at 12:42hrs | | by Staff reporter
Presidency row scuttles opposition coalition
Zimbabwe's opposition political parties could fail to form an alliance to fight the 2018 presidential and parliamentary elections against President Robert Mugabe, a South Africa-based think tank, NKC ...Published: 03 Aug 2017 at 17:03hrs | | by Staff reporter
Al Jazeera on the brink of being shut down
Four Arab states have sent Qatar a list of 13 demands it must meet if it wants them to lift their sanctions.Saudi Arabia, Egypt, the United Arab Emirates and Bahrain are asking the Gulf state ...Published: 23 Jun 2017 at 09:41hrs | | by BBC
Govt at odds over rand adoption
President Robert Mugabe's administration is at odds over proposed currency reforms, with divergent views emerging about adopting the South African rand as Zimbabwe's anchor currency.Fiscal and...Published: 14 May 2017 at 15:56hrs | | by Staff reporter
Bond notes also vanish
There are fresh fears that the country's dying economy is hurtling towards the debilitating depths of the 2008 hyperinflationary era, as bond notes are now also disappearing from the market.Th...Published: 28 Apr 2017 at 07:30hrs | | by Staff reporter
'Opposition alliance raises regime change prospects'
Zimbabwe's opposition political parties announced an alliance last week to fight next year's presidential and parliamentary elections against President Robert Mugabe and his long-ruling Zanu-P...Published: 23 Apr 2017 at 13:44hrs | | by Staff reporter
Zanu-PF deepen 2018 poll row
The prospects for free and fair elections in Zimbabwe next year are remote without some concrete actions now to make that possible, including significant international involvement, a leading think...Published: 26 Mar 2017 at 14:10hrs | | by Staff reporter
Price hikes unavoidable,imminent
ZIMBABWEANS should brace for more price increases this year as manufacturing sector output remains depressed while exports sag, Zimbabwe Independent reports.The economy is this year expected t...Published: 03 Mar 2017 at 07:29hrs | | by Staff Reporter
dos Santos goes, but Mugabe still thinks he is the alpha and omega
Angolan President Jose Eduardo dos Santos, Africa's second-longest serving leader, has confirmed he will not run in this year's presidential election, calling an end to 38 years as head of state, but ...Published: 03 Feb 2017 at 15:58hrs | | by Online
Woman duped with fake Zimbabwean bearer cheques
Two Chitungwiza women were nabbed in Mvurwi Mashonaland Central province for conning a Mvurwi woman of her husband's bank card and purchased groceries with it yesterday (Wednesday).It is alleg...Published: 15 Dec 2016 at 11:39hrs | 1 | by Simbarashe Sithole
RBZ runs overprinting risk
Zimbabweans must undertake fiscal consolidation measures to boost the country's dwindling revenues amid indications the central bank may in future b forced to monetise fiscal deficit, a south Afri...Published: 14 Dec 2016 at 05:59hrs | | by Staff reporter
Did you know? #bankchargesmustfall
It costs $3 to withdraw the daily (bond note) limit of $25 in bond notes from Stanbic bank.The USD daily ATM withdrawal limit has been reduced to $50 from $100. This costs $2.50.It cos...Published: 12 Dec 2016 at 11:36hrs | 1 | by Edmund Eddy Madzonganyika
Mujuru boasts of Zanu-PF MPs support
Leader of the newly-formed opposition Zimbabwe People First has said she is still in contact with several top Zanu-PF officials as she seeks to booby-trap the ruling party in the keenly-awaited 20...Published: 10 Dec 2016 at 17:14hrs | | by Staff reporter
Ian Khama criticism wounds Mugabe
President Robert Mugabe and his embattled administration once again find themselves under a fresh regional and international spotlight, after Botswana President Ian Khama bluntly told the nonagenarian...Published: 23 Sep 2016 at 07:37hrs | | by Staff reporter
Mugabe's Zanu-PF in catch-22 situation
President Robert Mugabe and Zanu-PF are caught between a rock and a hard place on whether to use force in quashing the escalating protests or consider dialogue with the opposition, a respected thi...Published: 01 Sep 2016 at 15:23hrs | | by Staff reporter
'Protests to split Zanu-PF further'
Zanu-PF's rift is set to widen further, as the escalating anti-President Robert Mugabe protests are likely to create more divisions within the ruling party, an Oxford-linked think tank, NKC Africa...Published: 30 Aug 2016 at 15:30hrs | | by Staff reporter
ANC faces worst poll losses since apartheid
South Africa's ANC was on track for its worst electoral performance since the end of apartheid yesterday as voters vented anger about high unemployment and corruption in municipal elections that h...Published: 08 Aug 2016 at 06:46hrs | | by AFP
Public anger benefits Mnangagwa
A South African think tank says the rising anger against present Robert Mugabe could fortuitously benefit his longest serving aide and deputy - Emerson Mnangagwa in the current Zanu-PF succession ...Published: 19 Jul 2016 at 08:08hrs | | by Staff reporter
Mujuru charms Tsvangirai, Biti
Former Vice President Joice Mujuru, who hit the campaign trail a fortnight ago spreading the message of opposition unity, has charmed opposition leader Morgan Tsvangirai and People's Democratic Party ...Published: 27 Jun 2016 at 09:30hrs | | by Staff reporter
Citizens lose faith in Mugabe
As food prices rise further beyond reach amid cash shortages, struggling Zimbabweans are losing belief in their president and his promise of a brighter future.The country has been hit by persi...Published: 05 Jun 2016 at 21:14hrs | | by Staff reporter
NKC African Economics say bigger opposition needed to win 2018 - not with no implemented reforms
The failure to get MDC to implement the democratic reforms during the GNU is one of the most frustrating things SADC Heads of States, notably President Ian Khama of Botswana and President Jacob Zuma o...Published: 05 Jun 2016 at 14:56hrs | | by Wilbert Mukori
'Opposition coalition needs Mujuru, Tsvangirai'
A respected South Africa-based think tank has said the recently-signed Coalition of Democrats (Code) by five "fringe" opposition political parties, must include political heavyweights such as Morgan T...Published: 04 Jun 2016 at 09:37hrs | | by Tendai Kamhungira
Econet revenue slides on weak voice, SMS
MOBILE telecommunications firm Econet Wireless Zimbabwe's revenue for the year ended February 29, 2016 slid to $641 million, down14,1 percent from $746, 2 million in the prior comparable period as voi...Published: 01 Jun 2016 at 06:49hrs | | by Business reporter
Mugabe's Zanu-PF panics at prospect of opposition coalition
As a united opposition front against President Robert Mugabe gains momentum, the beleaguered governing Zanu-PF has been thrown into panic, desperately trying to woo back expelled members, a South ...Published: 08 May 2016 at 11:20hrs | | by Staff reporter
Mugabe a master of empty promises
President Robert Mugabe's recent promise to review the salary of civil servants upwards should not be taken seriously since he is a master of doublespeak, a respected South Africa-based think-tank has...Published: 26 Apr 2016 at 09:41hrs | 1 | by Staff reporter
Tendai Biti's statement on the state economy
Introduction The Zimbabwean economy is grinding to a halt with clear evidence that the economy if fast tracking into deep seated economic recession. It ...Published: 11 Apr 2016 at 14:39hrs | | by Tendai Biti
Govt debt balloons
The government's debt has ballooned to $1.4 billion at the end of 2015 in a clear sign of the President Robert Mugabe administration's failure to curb excessive spending. In its first quar...Published: 03 Mar 2016 at 09:53hrs | | by Staff reporter
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