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US sanctions on Zimbabwe's elite ricochet across economy
Callisto Jokonya stands in the cavernous factory of Imperial Refrigeration and recalls the halcyon days.In the 1990s, his factory, located in the Zimbabwean capital Harare, was buzzing....Published: 20 Jan 2022 at 05:38hrs | 902 | by Staff reporter
Zimbabwean economy suffers under US sanctions
Callisto Jokonya stands in the cavernous factory of Imperial Refrigeration and recalls the halcyon days.In the 1990s, his factory, located in the Zimbabwean capital Harare, was buzzing with a ...Published: 20 Jan 2022 at 05:31hrs | 93 | by Staff reporter
Power cuts threaten growth targets
Players in the manufacturing industry and mining sector have warned that continued power cuts could derail first quarter 2022 economic growth targets due to lost production time.This follows a...Published: 17 Jan 2022 at 06:28hrs | 41 | by Staff reporter
Zimbabwe gold deliveries jump 56%
Gold deliveries to Fidelity Printers and Refiners, Zimbabwe's sole authorised buyer of bullion, jumped by 55,5 percent to 29,6 tonnes in 2021, figures from the Reserve Bank of Zimbabwe (RBZ) show....Published: 12 Jan 2022 at 23:08hrs | 178 | by Staff reporter
Zesa hints at more power cuts
Zesa HOLDINGS has warned of more power cuts over the next two weeks to allow the resumption of maintenance work on Kariba Dam.These had been shelved from December 16 during the festive season ...Published: 12 Jan 2022 at 04:23hrs | 185 | by Staff reporter
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 | 181 | by Vince Musewe
Zimbabwe edges closer to US$12bn target?
Government and private sector players in the mining industry are resolute in their commitments towards achieving the US$12 billion by 2023.Zimbabwe launched the Strategic Road to the Achieveme...Published: 03 Jan 2022 at 05:53hrs | 445 | by Staff reporter
Mnangagwa says 2022 a year of growth
ZIMBABWE's economic trajectory will this year transition from recovery to growth on the back of a hugely prosperous 2021 in which the Government funded a number of national development projects despit...Published: 02 Jan 2022 at 09:08hrs | 216 | by Staff reporter
Mnangagwa says Zimbabweans must remain optimistic, full of hope
We publish here the full text of the New Year message delivered by the President and Commander-in-chief of the Zimbabwe Defence Forces, His Excellency President E.D MnangagwaGood evening fello...Published: 01 Jan 2022 at 13:51hrs | 190 | by Staff reporter
Zambezi Gas and Coal Mine shelves plans
ZAMBEZI Gas and Coal Mine has postponed to 2023 its planned underground mining venture at the southern pit in Hwange district, Matabeleland North province.The colliery, which at the moment is ...Published: 29 Dec 2021 at 05:21hrs | 342 | by Staff reporter
Bulawayo Power Station re-powering set for Q1 2022
THE Zimbabwe Power Company (ZPC) is expected to conclude financing arrangements with an Indian contractor this month to facilitate commencement of the Bulawayo Thermal Power Station re-powering projec...Published: 21 Dec 2021 at 06:13hrs | 121 | by Staff reporter
New power supply for Bulawayo
GOVERNMENT has commenced the construction of a 360km electricity transmission project linking Hwange Thermal Power Station and Insukamini Substation in Bulawayo.The project is part of the on-g...Published: 14 Dec 2021 at 22:49hrs | 971 | by Staff reporter
'Cattle branding affects leather quality'
STAKEHOLDERS in the leather industry have said cattle brand marks compromise the quality of leather products, particularly those destined for the export market.Zambezi Tanners finishing manage...Published: 14 Dec 2021 at 05:52hrs | 239 | by Staff reporter
2022 Post Budget Analysis
The Zimbabwean government presented a ZW$927.3 billion budget (18% of GDP) for the 2022 fiscal year. The government expects to collect revenues totaling ZW$850.7 billion (17% of GDP), thus resulting i...Published: 13 Dec 2021 at 09:11hrs | 658 | by Victor Bhoroma
Mnangagwa to meet Chiefs
PRESIDENT Mnangagwa will on Friday meet traditional leaders in the country during the Chiefs' National Conference which will be held at the Harare International Conference Centre.The national ...Published: 12 Dec 2021 at 20:09hrs | 52 | by Staff reporter
Mthuli Ncube bolsters construction sector
FINANCE Minister Mthuli Ncube's 2022 national budget presented on Thursday gave impetus to the growth of Zimbabwe's construction sector, analysts at Inter Horizon Securities said yesterday.Ncu...Published: 29 Nov 2021 at 05:35hrs | 7 | by Staff reporter
Rebate on duty scammers exposed
GOVERNMENT has tightened the conditions for businesses benefiting from the rebate of duty facilities amid concerns over lack of transparency and accountability, which has seen some beneficiaries makin...Published: 29 Nov 2021 at 05:32hrs | 4 | by Staff reporter
Zimbabwe gets Western funding despite sanctions outcry
ZIMBABWE has so far received US$647.6 million in development assistance from Western countries in the period from January to September 2021 despite claims by the government that it is barred from rece...Published: 27 Nov 2021 at 16:53hrs | 2 | by Staff reporter
Zimbabwean economy turns the corner, says CBZ chair
THE current Zimbabwean Government has unshackled the economy and is on the right path to start realizing meaningful returns despite economic headwinds that have hindered economic progress in the past,...Published: 23 Nov 2021 at 05:52hrs | 1 | by Staff reporter
Work on 150MW coal project starts
Work has started on the 150MW first phase of a coal-fuelled private power station in Hwange to eventually generate an additional 750MW of power to the national grid.The privately-funded power ...Published: 23 Nov 2021 at 05:52hrs | 2 | by Staff reporter
Zesa imports extra 480MW
Zesa Holdings is set to add 480 megawatts to its supply over the next two months to bridge the power deficit that has resulted in increased load-shedding at a time it is battling annual losses of $1,5...Published: 22 Nov 2021 at 05:51hrs | 1 | by Staff reporter
Record wheat harvest for Zimbabwe
More than 188 000 tonnes of wheat have been delivered to the Grain Marketing Board (GMB), which represents a significant increase from 149 874 tonnes that had been delivered during the same period las...Published: 21 Nov 2021 at 08:17hrs | 10 | by Staff Reporter
IMF closes door on Zimbabwe
The International Monetary Fund (IMF) on Tuesday said it was precluded from providing financial support to Zimbabwe due to its "unsustainable debt and external arrears," and any lending arrangement wo...Published: 17 Nov 2021 at 07:46hrs | 3 | by Staff reporter
Zimbabwe to import 400MW to bridge power deficit
STATE power utility, Zesa Holdings, intends to import up to 400 megawatts from Mozambique and Zambia as part of measures to end a debilitating power crisis, a senior executive said.This comes ...Published: 15 Nov 2021 at 05:20hrs | 1 | by Staff reporter
'Zimbabwe's economic fundamentals are strong'
THE economy is on a growth trajectory with Gross Domestic Product (GDP) projected to grow by 7,8 percent in 2021, attributed to a favourable rainfall season, higher international mineral commodity pri...Published: 14 Nov 2021 at 05:38hrs | 1 | by Professor Mthuli Ncube
Mass exodus of science teachers hits Bulawayo schools
BULAWAYO schools have been hit by a mass exodus of science, technology, engineering and mathematics (STEM) teachers with 145 having left since the beginning of the year.The skills flight by ST...Published: 12 Nov 2021 at 05:34hrs | 3 | by Staff reporter
Supa Mandiwanzira resorts to bootlicking Mnangagwa
FORMER ICT minister and Nyanga South legislator Supa Mandiwanzira, who has fallen out of favour with the Zanu-PF hierarchy, was in overdrive Tuesday as he heaped praises on President Emmerson Mnangagw...Published: 10 Nov 2021 at 05:33hrs | 2 | by Staff reporter
Chiwenga hails Bulawayo for best vaccination record
VICE-PRESIDENT Dr Constantino Chiwenga yesterday hailed Bulawayo Province for the best vaccination record nationwide with over 50 percent of the population having received the first dose while over 44...Published: 06 Nov 2021 at 06:21hrs | 1 | by Staff reporter
Mnangagwa's son partners Chinese in mining project
PRESIDENT Emmerson Mnangagwa's son Collins has partnered with Chinese Investors to pursue a gold mining project in Mutoko.Radnor Mine, which sits on some of the country's best goldfields in th...Published: 03 Nov 2021 at 05:25hrs | 17 | by Staff reporter
Zesa improves power generation capacity
THE country recorded improved power generation in the third quarter ended September 2021 with the Kariba Hydro-Power Station dominating the contribution to the national grid.According to the Z...Published: 03 Nov 2021 at 05:23hrs | | by Staff reporter
Political elites' vacuous populism not serving Zimbabwean people's interest
IN a recent eloquent but rather dense article titled "Dynamics of the Zimbabwe crisis in the 21st century" adopted from a 2003 academic paper of a similar title, Professor Sabelo J. Ndlovu-Gatsheni ma...Published: 31 Oct 2021 at 08:45hrs | 1 | by Dr Mike Chipere
Zimbabwe's education system is outdated
Former Education minister Fay Chung says Zimbabwe's education system was designed to last for at least 20 years, but now has been in use for over 40 years, rendering it outdated.Chung (FC), wh...Published: 31 Oct 2021 at 07:11hrs | 2 | by Staff reporter
Positive growth visible, says Mthuli
The economy is on a robust growth and development trajectory, with major sectors performing above projected levels despite the existence of a number of problems affecting the economic activity, Financ...Published: 29 Oct 2021 at 08:07hrs | 10 | by Staff Reporter
National Blankets bounces back
BULAWAYO'S giant textile firm, National Blankets Limited, has resumed operations and is now producing as per order while pushing towards ramping up output. The company has managed to dodge liq...Published: 29 Oct 2021 at 07:44hrs | 25 | by Staff Reporter
Denying that there sanctions against Zimbabwe now a discredited position
All is primed for the observation of the Anti-Sanctions Solidarity Day which was declared by Southern African Development Community (SADC) leaders to take place every 25 October.The day this y...Published: 22 Oct 2021 at 05:26hrs | | by Lovemore Chikova
Why Zanu-PF is under siege
If Africans knew even half their history, they would understand the reason why they continue to stew in poverty, misery and disillusion while other parts of the world are swimming in prosperity, happi...Published: 17 Oct 2021 at 07:59hrs | | by Bishop Lazi
Zesa promises to improve electricity supply
Electricity supplies are set to improve soon as Zesa completes a cocktail of interventions to end the major load shedding that has hit residential areas hard and has even affected industrial areas alt...Published: 14 Oct 2021 at 05:22hrs | | by Staff reporter
IMF maintains positive outlook for Zimbabwe
THE International Monetary Fund (IMF) has maintained a positive growth trajectory outlook for Zimbabwe in 2021 of 5,1 percent largely supported by increased agricultural output, energy productio...Published: 14 Oct 2021 at 05:21hrs | | by Staff reporter
Zimbabwe in new electricity import deals
Zimbabwe is negotiating for new power supply deals with Zambia and Mozambique, which could see the country importing additional 280 megawatts from the two countries, Energy and Power Development Minis...Published: 13 Oct 2021 at 05:09hrs | | by Staff reporter
Hwange struggles to obtain working capital
HWANGE Colliery Company Limited has struggled to access crucial lines of credit from domestic banks and international lenders since slipping into administration about two years ago, judicial manager D...Published: 12 Oct 2021 at 05:00hrs | | by Staff reporter
Mnangagwa caps 385 HIT graduates
President Mnangagwa yesterday capped 385 graduates at Harare Institute of Technology in different disciplines as the institution positions itself to become a national and global powerhouse in innovati...Published: 09 Oct 2021 at 06:28hrs | | by Staff reporter
Sustainable reforms now key to foreign exchange market
The Reserve Bank of Zimbabwe (RBZ) recently announced that it is on course to clear the backlog of foreign exchange auction allotments which date back to as far as three months and amounting to about ...Published: 08 Oct 2021 at 18:03hrs | | by Victor Bhoroma
Zimbabweans abusing social media to bolster fake abuses
When many protests go unnoticed, creating drama can seem like a good strategy to draw attention. But if they become self-harming and harming others the public opinion can turn against the protestors....Published: 08 Oct 2021 at 17:57hrs | | by Dr Masimba Mavaza
Zimbabwe set to be major steel producer
A third major steelworks is now scheduled for Zimbabwe as the country moves rapidly forward as a major steel producer in Africa with local firm Steelmakers set to start building a steel mill in Masvin...Published: 05 Oct 2021 at 05:30hrs | | by Staff reporter
Zimbabwe's industry capacity utilisation rises
CAPACITY utilisation in Zimbabwe's manufacturing industry is projected to increase to 58% in the third quarter of this year, an improvement from 54% in the second quarter of 2021.In its second...Published: 03 Oct 2021 at 07:16hrs | | by Staff reporter
We declare war against greed
At no time in our recent past has the country's economic vitals looked any healthier.Between January and June this year, exports topped US$2,5 billion, which represents a 35 percent improvemen...Published: 03 Oct 2021 at 07:09hrs | | by Staff reporter
Inkotha sihlangu, uMqeqenshi uMthuli Ncube uthi uMnangagwa yiNkosi yakhe!
I have always thought bootlicking is done by people with little or without education at all. To see a professor who has served in highest international institutions such as London School of Economic a...Published: 01 Oct 2021 at 19:04hrs | 9 | by Nomazulu Thata
Mnangagwa urges modernisation of rural communities
AHEAD of this year's agricultural season, President Mnangagwa has called upon farmers to start land preparations as he assured them of access to well-resourced provincial agriculture mechanisation hub...Published: 01 Oct 2021 at 06:54hrs | | by Staff reporter
Mechanisation hubs set up for farmers
AHEAD of this year's agricultural season, President Mnangagwa has called upon farmers to start land preparations as he assured them of access to well-resourced provincial agriculture mechanisation hub...Published: 01 Oct 2021 at 06:52hrs | | by Staff reporter
Mnangagwa is the best boss ever, claims Mthuli Ncube
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has showered praises on President Mnangagwa's leadership, describing him as the "best boss" to ever work with and under.Since...Published: 30 Sep 2021 at 06:14hrs | 2 | by Staff reporter
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