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Buyers bring in $1 billion to buy golden leaf
International tobacco buyers have mobilized US$1 billion to buy the country's golden leaf crop this year, a move expected to boost foreign currency inflows in the country. The 2019 tobacco mar...Published: 2 hrs ago | 332 | by Staff reporter
Cyclone Idai weakens Zimbabwe's export competitiveness
ZIMBABWE's export promotion body, Zimtrade has said the country's exports were left uncompetitive after Cyclone Idai destroyed Beira Port leaving companies to use longer routes which are more expensiv...Published: 2 hrs ago | 225 | by Staff reporter
Zimbabwe Airways planes 'repossessed and resold' - source
Malaysian Airlines has repossessed four planes which had been sold to Zimbabwe Airways, the ill-fated Air Zimbabwe proxy, informed sources said.Former President Robert Mugabe personally negoti...Published: 3 hrs ago | 882 | by ZimLive
Jailed Zinara boss out on $5,000 bail
Former Zimbabwe National Road Administration (Zinara) acting chief executive Moses Julius Juma, who was last October slapped with a two-year jail term for criminal abuse of office, breathed a sigh of ...Published: 3 hrs ago | 191 | by Staff reporter
Mohadi opens tobacco selling season
The 2019 tobacco marketing season has been officially opened by Vice President Kembo Mohadi who called for the industry to respect and reward the efforts being made by farmers to produce the lucrative...Published: 19 hrs ago | 380 | by Staff reporter
Ex-Zanu-PF Senator sued over $368k power debt
Former Zanu-PF Midlands Senator Flora Buka, has been taken to court by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) over aUS$368 833 debt for electricity supplied at her ...Published: 20 Mar 2019 at 07:27hrs | 343 | by Staff reporter
Over 100 trucks transporting Zimbabwe wheat stuck in Mozambique
CLOSE to 100 truckloads of Zimbabwe's wheat imports are holed up in Beira after Cyclone Idai damaged infrastructure and made most roads impassable.Chairperson of the Grain Millers Association ...Published: 20 Mar 2019 at 07:27hrs | 424 | by Staff reporter
Muzamhindo pushes for a Policy Indaba
Tinashe Eric Muzamhindo's initiativeI'm driving a national agenda which has no political affiliation, but to assist on enhancing development. We simply ...Published: 19 Mar 2019 at 22:31hrs | 199 | by Tinashe Eric Muzamhindo
Revisiting the ZUPCO urban transportation model
The re-introduction of ZUPCO buses to ply urban routes in the aftermath of January fuel protests was a welcome move for most urban commuters. This is largely because commuter omnibus operators had tak...Published: 19 Mar 2019 at 13:58hrs | 3280 | by Victor Bhoroma
Zimbabwe cannot outsource its development - it has to fix the fundamentals first
While South Africa believes sanctions should be scrapped in Zimbabwe, analysts indicate that the sanctions narrative has been an easy scapegoat in addressing the real issues affecting the country....Published: 19 Mar 2019 at 08:39hrs | 406 | by Sally Nyakanyanga
Forex shortages gnaws Zimbabwe's fertilizer industry
ZIMBABWE'S fertilizer industry says it is constrained by forex shortages, but it still has the capacity to produce enough to meet the country's demand this year and export excess production.Zi...Published: 19 Mar 2019 at 06:48hrs | 227 | by Staff reporter
Corruption still rife in Zimbabwe: US report
CORRUPTION remains a major problem in Zimbabwe despite government pronouncements to fight the rot, a report by the United States has revealed.According to a 2018 Human Rights Report prepared b...Published: 19 Mar 2019 at 06:47hrs | 604 | by Staff reporter
RBZ boss' case deferred
Suspended Reserve Bank of Zimbabwe (RBZ) Financial Intelligence Unit director Mirirai Chiremba's application for refusal of further remand was yesterday rolled over to Thursday after his lawyer, Mr Ad...Published: 19 Mar 2019 at 06:29hrs | 246 | by Staff reporter
Interbank rate sparks row
Aspindale Park owners, Marimba Industrial Properties Limited, have come under fire from homeowners who purchased stands at their property after it allegedly revalued outstanding instalments for stands...Published: 19 Mar 2019 at 06:27hrs | 981 | by Staff reporter
'Interbank market won't be manipulated'
Mechanisms have been put in place to ensure that the foreign currency interbank market will not be manipulated, Finance and Economic Development Minister Professor Mthuli Ncube has said. This ...Published: 19 Mar 2019 at 06:25hrs | 322 | by Staff reporter
US 'very enthusiastic' about Mnangagwa govt
AMERICA'S Deputy Secretary of State John Sullivan said on Friday that Washington was "very enthusiastic" about the new Harare government, but wanted to see more action on reform."We are very enthu...Published: 18 Mar 2019 at 13:51hrs | 4132 | by Staff reporter
US 2018 Human rights report on Zimbabwe biased
Last week the United States Department of State's Bureau of Democracy, Human Rights and Labour released its 2018 Country Reports on Human Rights Practices. An examination of the report shows a fair vi...Published: 18 Mar 2019 at 13:12hrs | 787 | by Nobleman Runyanga
Delta Corporation operating at full capacity
Listed beverages manufacture Delta Corporation is expected to resume operating to full capacity this week. This comes as the company's forex woes have been reduced following the introduction of the in...Published: 18 Mar 2019 at 07:01hrs | 1739 | by FinX
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 | 461 | by Vince Musewe
Zimra taken to court over forex duty
A BULAWAYO man has taken the Zimbabwe Revenue Authority (Zimra) to court challenging its decision to charge him duty in foreign currency for his imported vehicle. The vehicle, a Toyota Hilux w...Published: 18 Mar 2019 at 06:45hrs | 868 | by Staff reporter
Zinara audit exposes double-dippers
The Zimbabwe National Road Administration (ZINARA) dished out a whopping US$71 million between 2011 and 2016 to 17 private companies that largely failed to deliver, The Herald reported. It als...Published: 18 Mar 2019 at 06:35hrs | 572 | by Staff reporter
Pricing madness hits Victoria Falls
NZALA Milimo was born in Victoria Falls in 1974 and did her primary and secondary education at public schools in the resort town's ghetto townships.But unlike the thousands of well-heeled fore...Published: 17 Mar 2019 at 18:09hrs | 3843 | by Staff reporter
Chihuri challenges Zesa debt lawsuit
Former Zimbabwe Republic Police commissioner-general Augustine Chihuri, who was recently taken to court by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) over a $407 000 power ...Published: 17 Mar 2019 at 08:58hrs | 2973 | by Staff reporter
Forex shortages hit Zimbabwe's payment systems
ZIMBABWE'S payments ecosystem faces collapse as players in the sector are failing to pay licensed and maintenance fees to foreign service providers, Standardbusines has established.In recent w...Published: 17 Mar 2019 at 08:46hrs | 577 | by Staff reporter
Boarding schools increase fees to $1 000 per term
A NUMBER of boarding schools have tabled proposals to increase school fees and related levies to above $1 000 next term, creating fresh headaches for parents, some already struggling to pay amounts fo...Published: 17 Mar 2019 at 08:40hrs | 584 | by Staff reporter
Mnangagwa stitches strategic deals in UAE
PRESIDENT Mnangagwa arrived here yesterday for talks with Crown Prince Sheikh Mohammed Bin Zayed Sultan Al Nahyan aimed at striking strategic mutually beneficial relations.The President is acc...Published: 17 Mar 2019 at 08:37hrs | 396 | by Staff reporter
State-of-the-art facilities for universities
Zimbabwe has set an ambitious path to upgrade its higher learning institutions to world class facilities that are fully equipped with shopping malls, cafeterias, hotels and modern student quarters....Published: 17 Mar 2019 at 08:34hrs | 197 | by Staff reporter
Mnangagwa bullish on TelOne future prospects
The professionalism of TelOne's management, including their determined push to turnaround the State-owned enterprise (SOE), will likely be a drawcard for reputable technical partners or suitors, Presi...Published: 17 Mar 2019 at 08:30hrs | 352 | by Staff rpeorter
“Zanu PF has failed to provide health care, we must” – no, remove Zanu PF
The trouble with Zanu PF apologists like you Hopewell Chinono is that they are incapable of thinking logically. "Ultimately the responsibility for health care in Zimbabwe lies with the State, ...Published: 16 Mar 2019 at 09:06hrs | 2003 | by Patrick Guramatunhu
Boeing sucked into Zimbabwe Airways saga
The world's largest aerospace company and leading manufacturer of aircraft and other equipment - Boeing - has been sucked into the Zimbabwe Airways saga where the son-in-law of former president Robert...Published: 16 Mar 2019 at 05:02hrs | 1772 | by Staff reporter
Zimbabwe 'losing fuel' to forex-rich neighbours
Zimbabwe could be losing millions of litres of fuel to neighbouring countries under its bonded warehouse scheme because the government is failing to mobilise foreign currency to pay for the commodity ...Published: 15 Mar 2019 at 08:42hrs | 3745 | by Staff reporter
Travel agent sued over botched air ticket deal
Care Free Travel has been dragged to the High Court by a United Kingdom-based man over failure to deliver 70 air tickets worth £67 400.Through his lawyers, Maseko Law Practice, Mohammed Ahmed...Published: 15 Mar 2019 at 06:04hrs | 619 | by Staff reporter
Forcing countries to pay debt in currency it denies them - that's the US!
ONE thing for sure is that Zimbabwe is not short of real original thinking to counter the West's capture of some Zimbabwean minds.Because of donor funding, too many politicians (naturally more...Published: 15 Mar 2019 at 06:02hrs | 648 | by Conway Tutani
Paynet Zimbabwe services go offline
BUSINESS has been affected after Paynet Zimbabwe services went offline, cutting off local banks following failure to pay external licence fees. Paynet is the electronic payments processing sys...Published: 15 Mar 2019 at 05:56hrs | 967 | by Staff reporter
Non-performing parastatals warned
President Mnangagwa has warned parastatals that continue to under-perform despite Government support saying days of perennial poor performances and failure to complete projects they would have embarke...Published: 15 Mar 2019 at 05:55hrs | 370 | by Staff reporter
RBZ,Nat Foods strikes a deal
DIVERSIFIED milling firm, National Foods Limited, says it has struck a deal with the Reserve Bank of Zimbabwe to assume its legacy debt amounting to $54,9 million owed to one of its major grain suppli...Published: 15 Mar 2019 at 05:53hrs | 920 | by Staff reporter
Embargoes throttle Zimbabwe's financial system
Earlier this month, United States President Donald Trump extended the economic sanctions against Zimbabwe by a year, claiming that new Government's policies continue to pose an "unusual and extraordin...Published: 15 Mar 2019 at 05:50hrs | 322 | by Tawanda Musarurwa
Repent now and fix our ailing economy
Editor,That Zimbabwe is on a downward trajectory is no secret. In fact we have been in descent mode for many a year. It is a tragedy. And the fact that the powers that be spend a considerable ...Published: 14 Mar 2019 at 14:28hrs | 1235 | by NM
Mugabe's deputy minister faces jail over fertiliser debt
FertiliSer manufacturer, ZFC Limited has approached the High court seeking an order to compel former Health deputy minister, Edwin Muguti to settle a $24 610 debt he owes the company.ZFC issue...Published: 14 Mar 2019 at 07:47hrs | 1173 | by Staff reporter
Zimra's position on bribery and collusion
Did you know that it is an offence for any ZIMRA official to ask for favours or payment in any form whatsoever to omit or commit any action, contrary to their official duties? This is st...Published: 13 Mar 2019 at 23:09hrs | 1761 | by Zimra
Mthuli Ncube speaks about adopting the rand by Zimbabwe
Zimbabwean finance minister Mthuli Ncube said the possibility of his country either adopting the SA rand as its main currency of trade - alongside its local unit, the RTGS dollar - or joining the rand...Published: 12 Mar 2019 at 17:01hrs | 15990 | by TimesLive
Ex-NetOne Boss threatens top audit firm
Former NetOne chief executive officer Reward Kangai has threatened legal action against Top audit firm Pricewaterhouse Coopers (PWC) over a report they did in 2016.PWC allegedly that Kangai ap...Published: 12 Mar 2019 at 13:02hrs | 1860 | by Mandla Ndlovu
Chivayo's court relief, as ZPC boss exonerates him
Controversial businessman Wicknell Chivayo has endured a roller coaster ride and mixed fortunes in his six-month bid for freedom, as his $5,6 million fraud case has taken interesting - if not intrigui...Published: 12 Mar 2019 at 10:04hrs | 1150 | by Staff reporter
'Inter-bank trades US$12m weekly'
The inter-bank foreign exchange market is averaging trades of US$12 million weekly, three weeks after its introduction, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya told Parliamentarians y...Published: 12 Mar 2019 at 05:43hrs | 173 | by Staff reporter
How Mugabe's son in-law milked Air Zimbabwe staff
Zimbabwean engineers maintaining aircraft in Malaysia went for months without being paid their travel and subsistence allowances after former Air Zimbabwe chief operating officer, and later chief exec...Published: 12 Mar 2019 at 05:43hrs | 962 | by Staff reporter
Harare to name, shame defaulting churches
HARARE City Council is threatening to name and shame churches that owe council millions in unpaid rates and lease fees amounting to more than $10 million.Council corporate communications manag...Published: 11 Mar 2019 at 14:56hrs | 575 | by Staff reporter
Zimbabwe's Casino Economy: Extraordinary Measures for Extraordinary Challenges by Gideon Gono
The paperback novel written by Gideon Gono, revolves around the issues regarding his position as the Governor of the Reserve Bank of Zimbabwe and the opportunity Gono had to serve his president and th...Published: 11 Mar 2019 at 09:45hrs | 2490 | by Joe K
Free duty car imports for civil servants
FINANCE Minister, Mthuli Ncube has given civil servants the greenlight to import vehicles without paying duty in a move aimed at placating distressed government workers.Statutory Instrument 52...Published: 11 Mar 2019 at 07:11hrs | 5084 | by newzimbabwe.com
Mugabe Airways: The untold story
Former president Robert Mugabe's son-in-law, Mr Simba Chikore used his family ties to manipulate processes, corrupt people and enter into shady deals involving several stakeholders during his time at ...Published: 11 Mar 2019 at 06:54hrs | 2237 | by Tichaona Zindoga
'Expanding economy driving fuel demand'
The huge demand for fuel, which has caused supply challenges and spawned fuel queues across the country, is testimony that economic activity has expanded significantly over the past year or so, Reserv...Published: 11 Mar 2019 at 06:54hrs | 176 | by Staff reporter
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