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Zimbabwe govt scraps VAT on livestock sales
The Ministry of Finance, Economic Development, and Investment Promotion has proposed VAT exemptions on live animals to boost meat demand and support formal trade in the livestock sector. Last ...Published: 18 hrs ago | 259 | by Staff reporter
Mthuli Ncube makes bold measures to anchor ZiG stability
The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term ...Published: 18 hrs ago | 288 | by Staff reporter
Zanu-PF-linked residents fail to grab stands
The High Court in Harare has dismissed an application by 840 house owners in Msasa Park and Chadcombe who sought to have the land their properties are built on transferred to their names without payin...Published: 25 Jul 2024 at 07:48hrs | 483 | by Staff reporter
Mnangagwa's second republic of corruption and controversy
PRESIDENT Emmerson Mnangagwa's second republic, which he proclaimed when he came into office in November 2017 following a coup that ended long-time ruler Robert Mugabe's nearly four-decade rule, has b...Published: 21 Jul 2024 at 20:59hrs | 908 | by Gary Gerald Mtombeni
Matebeleland South records 30% livestock deaths
Thirty percent of households in Matebeleland South reported livestock deaths this year due to the El Niño dry weather phenomenon, making it the hardest-hit province in Zimbabwe. The dry spell has sev...Published: 21 Jul 2024 at 10:22hrs | 163 | by Staff reporter
Chivayo, Zec corruption scandal spreads to SA
A JOHANNESBURG printing firm and its agent are being investigated by Zimbabwe's anti-corruption authority for price gouging on election-related material and equipment.Zimbabwe is no stranger t...Published: 20 Jul 2024 at 14:48hrs | 1938 | by Staff reporter
Bulawayo's daytime sex work solicitation raises concerns
Bulawayo's downtown is witnessing a shift in the landscape of sex work, with sex workers establishing a noticeable daytime presence. This trend has raised concerns among residents and property owners,...Published: 20 Jul 2024 at 11:46hrs | 793 | by Staff reporter
Government urged to support return of pregnant students to school
Harare, 19 July 2024 (New Ziana) - With a rising number of school-going adolescent girls becoming pregnant, Mashonaland Central Senator Angeline Tongogara has called on the Ministry of Public Service,...Published: 19 Jul 2024 at 10:14hrs | 436 | by Staff Reporter
Zimbabwe misses mineral revenue target
Zimbabwe faces a challenging economic outlook for 2024, with economists warning of reduced foreign exchange reserves, diminished government revenue, and decreased economic activity due to lower global...Published: 19 Jul 2024 at 06:20hrs | 531 | by Staff reporter
Potraz approves IMC's internet service license
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved local firm IMC Communications' application for an internet service provider (ISP) license, enabling a partnersh...Published: 19 Jul 2024 at 06:03hrs | 396 | by Staff reporter
Zimbabwe's currency will remain fully backed by gold reserves
Zimbabwe's government will stick to what it promised when it launched a new currency in April by ensuring it remains fully backed by reserves, the central bank governor told Reuters on Wednesday, addi...Published: 18 Jul 2024 at 09:20hrs | 736 | by Staff reporter
Zimbabweans decry sharp increase in mealie-meal price
Villagers across Zimbabwe are facing severe hardships due to a sharp rise in mealie-meal prices, exacerbated by drought conditions. Traditionally, a 20-litre bucket of maize, costing US$3, now transla...Published: 18 Jul 2024 at 06:50hrs | 764 | by Staff reporter
Fintechs fly planes of cash into Zimbabwe
At least once a month - and sometimes as often as three times a week - a private plane lands in a secure part of Robert Gabriel Mugabe International Airport on the outskirts of the Zimbabwean capital,...Published: 17 Jul 2024 at 17:11hrs | 6629 | by Staff reporter
Bosso helps Dembare rake in $24,000
Harare football giants Dynamos were left with only US$23,864 after deductions from the gate receipts of their high-profile Castle Lager Premier Soccer League match against Highlanders at Rufaro Stadiu...Published: 17 Jul 2024 at 06:37hrs | 867 | by Staff reporter
Allow all Zimbabweans to import vehicles DUTY FREE your current policy is discriminatory
Zimbabwe, a country grappling with economic challenges, has recently made headlines with a policy decision that has sparked both debate and controversy. The government has partially lifted the ban on ...Published: 16 Jul 2024 at 20:58hrs | 927 | by Engineer Jacob Kudzayi Mutisi
Vapostori garments steal the show at cricket match
The Mbare Musika market in Harare was unusually vibrant as the Zimbabwe national cricket team, the Chevrons, faced India at the Harare Sports Club. The city became a sea of white garments, as supporte...Published: 16 Jul 2024 at 07:00hrs | 433 | by Staff reporter
Cyprus-based miner impressed by Karo project in Zimbabwe
Tharisa Plc, a Cyprus-based miner, has reported significant progress at its Zimbabwean operations with increased output across all facets. The company, integral to the energy transition and decarbonis...Published: 15 Jul 2024 at 08:29hrs | 169 | by Staff reporter
Zimbabwe's lithium gambit: Navigating China-US rivalry
Lithium is Zimbabwe's third-largest mineral export after gold and platinum group of metals, bringing in US$2,46 billion and US$2,27 billion, respectively, in 2023.AS the world is going through...Published: 15 Jul 2024 at 08:17hrs | 214 | by Samir Bhattacharya
Attempts to name-drop Zanu-PF in land dispute fail
Attempts by approximately 850 stand owners in Msasa Park, Chadcombe, to transfer ownership of their properties without paying market prices and related costs were dismissed by the High Court. The owne...Published: 15 Jul 2024 at 08:06hrs | 85 | by Staff reporter
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 45 | by Staff writer
ZEC scandal gobbles USD100 million
The Zimbabwe Electoral Commission (Zec) tender scandal, initially estimated at US$40 million, has now ballooned to involve over US$100 million in public funds. This massive sum was misappropriated thr...Published: 10 Jul 2024 at 08:20hrs | 8 | by Staff reporter
John II's mission impossible to save Zimbabwe economy clocks 100 days
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 08 Jul 2024 at 11:06hrs | 3 | by Staff reporter
Bleak outlook for Zimbabwe's consumers
Inter Horizon (IH) Securities, a prominent financial services firm, has released a sobering report on Zimbabwe's consumer spending patterns for 2024. The analysis paints a bleak picture, attributing t...Published: 07 Jul 2024 at 10:58hrs | 1 | by Staff reporter
Reserves backing Zimbabwe's ZiG shoot to US$370 million
Prices of goods and services in Zimbabwe are expected to remain stable, thanks to increased cash and mineral reserves backing the new currency, Zimbabwe Gold (ZiG). These reserves have risen from US$2...Published: 07 Jul 2024 at 10:34hrs | 26 | by Staff reporter
No refund, no return policy in shops illegal
The Consumer Protection Council (CPC) has emphasized the importance of consumers exercising their rights to quality services under the Consumer Protection Act. Consumers dissatisfied with their purcha...Published: 06 Jul 2024 at 11:40hrs | | by Staff reporter
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 7 | by MMatigary
Zimbabwe makes notable progress in Aids, malaria fight
Zimbabwe has shown notable progress in tackling major health challenges and stabilizing its economic environment, according to recent announcements by Information Minister Jenfan Muswere during a post...Published: 03 Jul 2024 at 13:57hrs | 7 | by Staff reporter
ZiG helps maintain price stability in Zimbabwe
The price of basic commodities in Zimbabwe has remained stable in both ZiG and US dollar terms, with the local currency slightly appreciating against the US dollar due to government fiscal and monetar...Published: 03 Jul 2024 at 10:25hrs | 1 | by Staff reporter
Flimsy tactics to resist use of ZiG exposed
Some shops in Bulawayo are defying government regulations by exclusively trading in US dollars and South African rand, ignoring the Zimbabwe Gold (ZiG) currency, despite legal obligations under Statut...Published: 02 Jul 2024 at 06:29hrs | | by Staff reporter
Mnangagwa fires Guvamatanga, then changes mind
President Emmerson Mnangagwa sacked finance secretary George Guvamatanga last week but then had a change of heart after he made a groveling apology, and following further representations by chief cabi...Published: 01 Jul 2024 at 10:56hrs | 6 | by Staff reporter
Regional anti-graft body pushes for probe into Chivayo's murky US$40m ZEC deal
The Anti-Corruption Trust of Southern Africa (ACT-SA) is calling for urgent investigations into allegations of corruption involving businessman Wicknell Chivayo and a US$40 million deal with the Zimba...Published: 30 Jun 2024 at 18:37hrs | | by Staff reporter
ZiG kills Zimbabwe's inflation
The Zimbabwe Gold (ZiG) has significantly curbed inflation, achieving a zero percent month-on-month inflation rate for June 2024. Presenting the price statistics, Mr. Aluwisio Mukavhi, th...Published: 30 Jun 2024 at 18:15hrs | 4 | by Staff reporter
ZEC paid US$5.4 million for fancy V11 display boxes that it never used
The Zimbabwe Electoral Commission (ZEC) splurged US$5 million on gadgets to display digital V11 polling station forms for last August's elections - but the devices, bought at inflated prices, were onl...Published: 28 Jun 2024 at 09:16hrs | 1 | by Staff reporter
Zimbabwe's central bank projects 5% annual inflation
The Reserve Bank of Zimbabwe (RBZ) anticipates annual inflation to decline sharply to just 5% by the end of the year, supported by stability in the Zimbabwe Gold (ZiG) currency and exchange rates. ...Published: 28 Jun 2024 at 07:45hrs | 2 | by Staff reporter
Zimbabwe central bank sees slower economic growth of 2%
The Reserve Bank of Zimbabwe (RBZ) projects the economy to grow by 2% in 2024, which is slower than the government's earlier forecast of 3.5%. Despite the lower inflation outlook and market calls for ...Published: 27 Jun 2024 at 14:22hrs | | by Staff reporter
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over...Published: 26 Jun 2024 at 20:56hrs | 1 | by Tendai Ruben Mbofana
Prisons force inmates to buy uniforms
The Zimbabwe Prisons and Correctional Services (ZPCS) is facing severe financial constraints, forcing prisoners on remand to provide their own uniforms and prompting their relatives to supply blankets...Published: 25 Jun 2024 at 10:47hrs | | by Staff reporter
Chimombe, Mpofu to turn state witnesses against Chivayo?
Two businessmen linked to the inflation of contracts worth over US$100 million awarded by the Zimbabwe Election Commission (ZEC) were grilled by anti-corruption investigators on Monday.Moses M...Published: 24 Jun 2024 at 11:24hrs | 7 | by Staff reporter
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 2 | by Dr Bekithemba Mpofu
Grain producer prices increased in Zimbabwe
The Zimbabwean government has significantly raised producer prices for strategic grains and shifted to paying farmers exclusively in US dollars upon delivery to the Grain Marketing Board (GMB) to enha...Published: 23 Jun 2024 at 09:24hrs | 1 | by Staff reporter
ZEC clears air on Chivayo rumours
The Zimbabwe Electoral Commission (ZEC) has refuted social media claims that it procured election materials from businessmen Wicknell Chivhayo, Mike Chimombe, and Moses Mpofu at inflated prices. ...Published: 22 Jun 2024 at 11:20hrs | 1 | by Staff reporter
Unveiling the Treasures of the Red Sea: Diving, History, and Culture in Jeddah
The bustling Red Sea coast city of Jeddah serves as both the business hub of Saudi Arabia and the entry point to the Mecca and Medina sacred sites. This vibrant city offers visitors a wide range of ex...Published: 21 Jun 2024 at 11:06hrs | 2 | by Staff Reporter
EU avails €3m for urban communities in southern Africa
The European Union (EU) has allocated €3 million to the World Food Programme (WFP) to assist vulnerable urban communities in southern Africa, focusing on Lesotho, Mozambique, Zimbabwe, and Madagasca...Published: 20 Jun 2024 at 07:33hrs | | by Staff reporter
Zimbabwe economy stabilising after ZiG introduction
The Zimbabwean economy has shown relative stability in recent months following the Reserve Bank Governor's Monetary Policy statement on April 5, 2024, and the transition from the Zimbabwe Dollar to Zi...Published: 20 Jun 2024 at 07:14hrs | | by Staff reporter
GMB pays US$3, 29 million for grain deliveries
The Grain Marketing Board (GMB) of Zimbabwe has announced a significant payment milestone for farmers, dispersing US$3.29 million for maize and other grains delivered since April 1, 2024. Dr. Edison B...Published: 16 Jun 2024 at 09:39hrs | 3 | by Staff reporter
Mthuli Ncube courts UK investors
Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube emphasized the importance of addressing food loss and waste to enhance food and nutrition security, particularly in light ...Published: 15 Jun 2024 at 12:12hrs | | by Staff reporter
Zimbabwe rated Africa's most expensive economy
Zimbabwe was recently identified as Africa's most expensive country according to a comprehensive study by the African Development Bank (AfDB). The study assessed power purchasing parities (PPPs) and e...Published: 15 Jun 2024 at 11:13hrs | 10 | by Staff reporter
Zimbabwe govt scraps VAT on gold deliveries
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has abolished the 15 percent Value Added Tax (VAT) on gold deliveries to Fidelity Gold Refiners, as stipulated ...Published: 14 Jun 2024 at 07:05hrs | 6 | by Staff reporter
Ex- ZOL executive appointed IMC managing director
IMC Communications, the exclusive distributor of Starlink services in Zimbabwe linked to Wicknell Chivayo, has appointed Mr. Denny Marandure as its managing director. Mr. Marandure, an IT expert and f...Published: 12 Jun 2024 at 06:20hrs | | by Staff reporter
Zimbabwe is hardly undiscovered ground for the world's miners
Zimbabwe has huge amounts of unexplored and underexploited mineral resource potential and the world's resource companies could be lining up to rebuild Zimbabwe's once-mighty gold mines and metal refin...Published: 11 Jun 2024 at 09:59hrs | 3 | by Staff reporter
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