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Mnangagwa acquiring more public debt to fund second term bid
WINNING or losing an election is a referendum on the economy by citizens. More often than not politicians are aware of this fact and, therefore, go out of their way, sometimes, contracting huge debts ...Published: 23 hrs ago | 812 | by Paidamoyo Muzulu
US$2m for displaced Zimbabweans
The United States Agency for International Development (USAid) has availed about US$2m to the International Organisation for Migration (IOM) towards livelihood support for vulnerable and disaster-pron...Published: 23 hrs ago | 563 | by Staff reporter
Zanu-PF revives Chamisa's popularity?
WHAT started as a pedestrian civic engagement for Zimbabwe's main opposition MDC Alliance leader Nelson Chamisa to interface with communities and the grassroots in Masvingo this week ahead of the 2023...Published: 15 Oct 2021 at 20:43hrs | 3145 | by Staff reporter
Zimdollar plunges into death spiral
ZIMBABWE's currency is in a death spiral and headed for a tragic end, two years after it was re-introduced into circulation, stoking fears of the 2008 hyperinflationary era where the government was fo...Published: 15 Oct 2021 at 20:22hrs | 2668 | by Staff reporter
Govt, business stalemate rages
BUSINESS executives made desperate attempts from last week Friday to worm their way out of arrests for violating foreign currency exchange regulations, but the government turned a deaf ear as it vowed...Published: 15 Oct 2021 at 20:19hrs | 283 | by Staff reporter
'Harare contribution to GDP'
THE City of Harare has contributed about 38% to Zimbabwe's gross domestic product (GDP), a new initiative by the United Nations Economic Commission for Africa (ECA) has revealed.The initiative...Published: 15 Oct 2021 at 06:23hrs | 298 | by Staff reporter
Forex auction revitalises economy, claims RBZ
THE foreign currency auction introduced by Government last year has been critical in revitalising the economy despite deliberate inflation of black market exchange rates by some unscrupulous businesse...Published: 15 Oct 2021 at 06:18hrs | 113 | by Staff reporter
'Zimbabwe has enough forex to sustain economy'
THE foreign currency auction introduced by Government last year has been critical in revitalising the economy despite deliberate inflation of black market exchange rates by unscrupulous businesses and...Published: 15 Oct 2021 at 06:17hrs | 114 | by Staff reporter
The Entrepreneurs Betting on Maggots
Dressed in a blazer and tie, Josphat Nyika isn't an archetypal farmer. The deputy headmaster, fresh from teaching at the local primary school, dons a pair of plastic gloves and scoops up a swarm of cr...Published: 14 Oct 2021 at 19:18hrs | 777 | by Vimbai Chinembiri
Mnagagwa and Zanu-pf are defeatable
There is a despondency nationwide about the prospect of unseating a Zanu-PF government together with its leader ED Mnangagwa. It is sad that the ordinary man in the street now believes that Zanu-PF is...Published: 14 Oct 2021 at 07:53hrs | 2038 | by Zakhele Maphosa
Kick ZIFA out
Zimbabwe national team nicknamed The Warriors tumbled again at their own magnificent hunting ground National Sports Stadium in Harare.The Black Stars of Ghana proved to be serious contenders i...Published: 14 Oct 2021 at 07:52hrs | 1195 | by Leonard Koni
'Arresting executives will destabilise market'
THE Confederation of Zimbabwe Industries (CZI) yesterday warned against the arrest of business leaders over alleged currency violations saying this will sour relations between government and business ...Published: 14 Oct 2021 at 06:24hrs | 692 | 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 06:21hrs | 359 | by Staff reporter
Govt must be serious about devolution
DEVOLUTION means transferring power and authority from central government to lower tiers of government, especially local authorities and provincial councils.The government, despite having said...Published: 13 Oct 2021 at 06:13hrs | 549 | by Harare Residents Trust
RBZ must keep tight lid on forex auction system
FOR a while the Reserve Bank of Zimbabwe (RBZ) has been "availing" United States dollars to businesses at a capped auction rate.This means RBZ funds are the cheapest as they are availabled at ...Published: 13 Oct 2021 at 06:12hrs | 417 | by Ndebele
'Use by-elections as 2023 test run'
THE Zimbabwe Electoral Commission (Zec) has been urged to hold by-elections so that there can be a test run for the 2023 general elections which are likely to be conducted under COVID-19 restrictions....Published: 13 Oct 2021 at 06:10hrs | 420 | by Staff reporter
CZI warns of imminent Zimdollar collapse
THE Confederation of Zimbabwe Industries (CZI) has warned that the local currency faces imminent collapse and called on government to come up with alternative policy measures to restore confidence in ...Published: 13 Oct 2021 at 06:10hrs | 1076 | by Staff reporter
'Govt to blame for health workers' exodus'
THE Zimbabwean Community in South Africa (ZCSA) has blamed President Emmerson Mnangagwa's administration for paying "slave wages", thus causing local health workers' migration to neighbouring countrie...Published: 12 Oct 2021 at 06:01hrs | 1240 | by Staff reporter
RBZ vows to tame forex black market
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday pledged to continue availing foreign currency through the foreign exchange auction system to ensure uninterrupted supply.Mangudy...Published: 12 Oct 2021 at 05:58hrs | 675 | by Staff reporter
RBZ, business reach consensus on exchange rates, pricing
A number of agreements were thrashed out yesterday between the Reserve Bank of Zimbabwe and leaders of the business sector to deal with what everyone agreed were unjustified jumps in black-market exch...Published: 12 Oct 2021 at 05:55hrs | 690 | by Staff reporter
Govt receives migration draft policy
THE Home Affairs ministry has been handed a draft national migration policy in order to initiate a process towards approval of the document by Cabinet.This was revealed yesterday by the Intern...Published: 11 Oct 2021 at 06:00hrs | 510 | by Staff reporter
Top economist warns of Zimbabwe dollarisation
ZIMBABWE is expected to dollarise its economy because of the collapse of the local currency and the failure of its auction system to stabilise the exchange rate, renowned scholar and economist Gift Mu...Published: 11 Oct 2021 at 06:00hrs | 3515 | by Staff reporter
'People of Zimbabwe have become sanctions collateral damage'
WHEN the American government passed the Zidera Act 20 years ago, they argued that the Act was not intended to punish the people of Zimbabwe but to target those individuals and organisations that, in t...Published: 11 Oct 2021 at 05:54hrs | 182 | by Eddie Cross
PG orders probe into Esidakeni
Prosecutor General Mr Kumbirai Hodzi has directed the police to investigate possible violations of the exchange control and the tax laws in a transaction that saw two Zimbabweans claiming ownership of...Published: 11 Oct 2021 at 05:53hrs | 353 | by Staff reporter
ZCC appeals for broadcasting licence
The Government has pledged to assist the ZCC Mutendi Church to acquire a broadcasting licence for one of its educational colleges as part of ongoing efforts to take broadcasting services to the people...Published: 11 Oct 2021 at 05:53hrs | 186 | by Staff reporter
PG orders probe into farm purchase
Prosecutor General Mr Kumbirai Hodzi has directed the police to investigate possible violations of the exchange control and the tax laws in a transaction that saw two Zimbabweans claiming ownership of...Published: 11 Oct 2021 at 05:52hrs | 175 | by Staff reporter
Zimbabwe slips into election mode
Zimbabwe is in perpetual election mode because of disputed poll outcomes, analysts have said, as political parties start to run visible campaigns ahead of the 2023 contest.Both the ruling Zanu...Published: 10 Oct 2021 at 06:57hrs | 1039 | by Staff reporter
Zimbabwe Infrastructure Summit set for next week
Global Renaissance Investments (GRI) will next week host the fifth edition of the Zimbabwe Infrastructure Investment Summit in Harare.The summit is set for October 14.The Zimbabwe Infr...Published: 10 Oct 2021 at 06:35hrs | 80 | by Staff reporter
July Moyo warns Victoria Falls mayor
LOCAL Government and Public Works Minister July Moyo has ordered Victoria Falls Mayor, Councillor Somveli Dlamini to stop interfering in the day-to-day management of the city and concentrate on his co...Published: 10 Oct 2021 at 06:34hrs | 589 | by Staff reporter
Debunking the 'targeted sanctions' myth
A CROSS-SECTION of the country's population still believes the political falsehood meant to deodorise sanctions as targeted at certain individuals and specific corporations.The happenings on t...Published: 10 Oct 2021 at 06:33hrs | 113 | by Staff reporter
Zimbabwe works on national migration policy
ZIMBABWE is working on finalising the National Migration Policy, whose implementation is expected to contribute to the country's economic development agenda.Representatives of various ministri...Published: 10 Oct 2021 at 06:32hrs | 174 | by Staff reporter
Rautenbach enjoys Zanu-PF links
MULLER Conrad "Billy" Rautenbach is one of the most controversial business moguls in Zimbabwe, with several legal challenges against him and his company Green Fuel. Rautenbach, who is into vast mining...Published: 09 Oct 2021 at 07:35hrs | 1993 | by Staff reporter
Youth vote crucial to MDC Alliance but certainly can't be taken for granted
THE opposition MDC Alliance's ambitious plan to capture the hearts of six million voters ahead of 2023 will only be successful if the party focuses on the youth vote while consolidating its city suppo...Published: 09 Oct 2021 at 07:35hrs | 945 | by Staff reporter
Mnangagwa subtly launches 2023 election campaign
POLITICAL leaders gain power to retain it. The power of incumbency is fully exploited to make sure they succeed themselves. They will use subtle means, including dishing out State resources to the peo...Published: 09 Oct 2021 at 07:32hrs | 445 | by Paidamoyo Muzulu
Tourism sector welcomes Zimbabwe's removal from UK red list
The tourism sector is optimistic of a quick turnaround following the United Kingdom's decision to remove Zimbabwe from the Covid-19 travel red list.Along with 46 other countries, Zimbabwe is s...Published: 09 Oct 2021 at 07:28hrs | 117 | by Staff reporter
Zinwa embarks on borehole drilling exercise
THE Zimbabwe National Water Authority (Zinwa) has embarked on a massive borehole drilling exercise and it is targeting to drill 35 000 boreholes countrywide by 2025.Each village is expected to...Published: 09 Oct 2021 at 07:27hrs | 129 | by Staff reporter
Rushwaya emerges in the thick of shady Zimbabwe military dealings
FOR long, Martin Rushwaya was the military's point man in its multi-million-dollar commercial ventures, as the permanent secretary in the Defence ministry from 2009 until 2019.In April 2019, P...Published: 09 Oct 2021 at 07:24hrs | 399 | by Staff reporter
Mnangagwa's govt fears currency crisis may trigger social uprising
PRESIDENT Emmerson Mnangagwa's government is intensifying its sweeping crackdown on foreign currency traders in the volatile market amid growing fears of an exchange rate-driven economic meltdown, The...Published: 09 Oct 2021 at 07:24hrs | 416 | by Staff reporter
Mnangagwa sticks to 7,8% growth, defies crisis
PRESIDENT Emmerson Mnangagwa yesterday stuck with the 7,8% growth projection announced by the Ministry of Finance in July, as he opened the fourth session of the ninth parliament, defying recent infla...Published: 08 Oct 2021 at 19:04hrs | 296 | 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 19:03hrs | 245 | by Victor Bhoroma
'US$500m changing hands outside banks'
ABOUT US$500 million could be circulating outside Zimbabwe's banking system, Reserve Bank of Zimbabwe (RBZ) estimates showed last week, as industries said they had raised only a fraction of billions r...Published: 08 Oct 2021 at 19:03hrs | 674 | by Staff reporter
China sees third force in huge outcry over its Zimbabwe activities
Zimbabweans must learn from the pastIT has been clear since radical currency reforms were effected in February 2019 that inflation, along with the parallel market exchange rate would derail prospe...Published: 08 Oct 2021 at 19:01hrs | 164 | by Staff reporter
China sees third force in huge outcry over its Zimbabwe activities
FOLLOWING months of a huge outcry over Chinese enterprises' "exploitative" strategy in Zimbabwe's mineral resources, Beijing's diplomats in Harare spoke out this week, telling the Zimbabwe Independent...Published: 08 Oct 2021 at 19:01hrs | 1173 | by Staff reporter
Local oil firms push for fair play
THE Direct Fuel Import (DFI) group, which represents indigenous oil firms that have mounted legal challenges against the government to force policy changes, this week warned the Zimbabwe Energy Regula...Published: 08 Oct 2021 at 19:00hrs | 132 | by Staff reporter
Trust gets US$5million, collapses in 3 years
THE Marange-Zimunya Community Share Ownership Trust (MZCSOT) has collapsed only three years after the Zimbabwe Consolidated Diamonds Corporation (ZCDC) injected US$5 million to prop it, a Zimbabwe Ind...Published: 08 Oct 2021 at 18:58hrs | 117 | by Staff reporter
Tribalism cripples MDC rural penetration strategy
Sources within the MDC Alliance national and provincial structures have declared that the party's rural penetration strategy is facing serious challenges as a result of tribalism and the perceived mar...Published: 08 Oct 2021 at 10:34hrs | 2181 | by Mandla Ndlovu
Chamisa 'compensates' Last Maengahama with National Executive post
MDC Alliance President Nelson Chamisa has appointed Last Maengahama, who spent 10 years in prison, only to be proven innocent this year, as the opposition party's secretary for policy and research....Published: 08 Oct 2021 at 06:33hrs | 2951 | by Staff reporter
Mnangagwa's State of the Nation address
PRESIDENT Mnangagwa delivered a State of the Nation Address and officially opened the Fourth Session of the Ninth Parliament of Zimbabwe yesterday. He tackled a wide r...Published: 08 Oct 2021 at 06:27hrs | 422 | by Staff reporter
Mnangagwa wants Zimbabweans to buy locally produced goods
ZIMBABWEANS should buy locally manufactured products given the significant growth of the manufacturing sector that has seen an increase in capacity utilisation and ease of doing business anchored by t...Published: 08 Oct 2021 at 06:26hrs | 103 | by Staff reporter
Govt to adequately fund forex auction system
The Second Republic will leave no stone unturned in its endeavour to turnaround the economy and will ensure that the foreign currency auction system is adequately funded and that the relevant authorit...Published: 08 Oct 2021 at 06:25hrs | 125 | by Staff reporter
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