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Zimbabwe inflation rate declines
ZIMBABWE continues to experience a sustained drop in inflation since August last year as the annual rate for March tumbled to 87,6 percent from 92,3 percent in February.The Zimbabwe National S...Published: 28 Mar 2023 at 08:28hrs | 1071 | by Staff reporter
Analysts' 'grill' Gold Mafia documentary producer
ANALYSTS' on Sunday took AL Jazeera's Gold Mafia documentary producer over hot coals for misinterpreting the country's mining value chain among other inconsistencies with the Qatar based news network ...Published: 28 Mar 2023 at 06:58hrs | 6231 | by Staff reporter
Rushwaya: A dramatic life of scandal
WHEN Henrietta Rushwaya was arrested at the Robert Mugabe International Airport in October 2020 while allegedly trying to smuggle 6 kilogrammes of gold to Dubai, many Zimbabweans believed the case was...Published: 25 Mar 2023 at 18:24hrs | 2536 | by Staff reporter
Looting fears mount in Zimbabwe
ZIMBABWE'S gold markets were overrun this week by fears that the recently announced steep increase of 400% in gold dealing licence fees would result in a sharp rise in smuggling of the precious ...Published: 24 Mar 2023 at 06:29hrs | 2040 | by Staff reporter
Vic Falls double header for Mnangagwa
PRESIDENT Mnangagwa will be in Victoria Falls today to lead key proceedings of two separate high-level international economic conferences as the Second Republic intensifies its efforts to accelerate d...Published: 23 Mar 2023 at 06:15hrs | 1446 | by Simbarashe Sithole
Zimbabwe telcos in another staggered price review
ZIMBABWE'S main telecommunication companies are set for another price adjustment on April 1, 2023, as operator battle to offset rising operational costs.The telecoms industry will review tarif...Published: 21 Mar 2023 at 20:24hrs | 753 | by Staff reporter
Gwayi-Shangani project yet to reach the second and third phases
LAWMAKERS have taken Treasury to task over delays in updating Parliament on the progress of the Gwayi-Shangani water project after it emerged that there has been little construction activity despite t...Published: 21 Mar 2023 at 20:09hrs | 1371 | by Staff reporter
Poor Pamela Tremont and Triple C: Politics without lawful issue
I have watched Pamela Tremont's hearing in preparation for her posting to Zimbabwe as US' next ambassador.Both the line of questioning by US Senators, as well as her responses, were, to say th...Published: 18 Mar 2023 at 06:32hrs | 187 | by @Jamwanda2
A new great Zimbabwe is possible
IN a few months, Zimbabweans head to the polls to decide on their future.There have been many elections before, all of which have not brought the change we desire. So, I understand why, for ma...Published: 16 Mar 2023 at 16:30hrs | 926 | by Nelson Chamisa I CCC President
What's the point of 'performance contracts' when the regime always blames sanctions for its failures?
How do you measure a cabinet minister's performance over a particular period?How does one judge whether a local government CEO (chief executive officer) has done a good or terrible job?...Published: 15 Mar 2023 at 10:16hrs | 924 | by Tendai Ruben Mbofana
Imports only occupy 20% shelf space in Zimbabwe?
IMPORTED products have been reduced to 20% on local retail shelves after the government introduced the import substitution policy, a senior government official has claimed.Government promulgat...Published: 15 Mar 2023 at 06:43hrs | 143 | by Staff reporter
Zimdollar collapse raises concerns
THE Zimbabwe dollar's continued depreciation against the United States dollar has made the macroeconomic climate "volatile", amid an over 30% fall of the Zimbabwe dollar against the greenback th...Published: 13 Mar 2023 at 09:16hrs | 3528 | by Staff reporter
LITHIUM is fast becoming the new resource curse in Zimbabwe.
Government has already made it a strategic mineral considering its high-end socio-economic and national defense value.On the African scale, Zimbabwe is considered to hold the largest lithium d...Published: 12 Mar 2023 at 06:47hrs | 3059 | by Tawanda Majoni
Mangudya warns against forex loans
In a situation where there is little foreign currency in the market despite the banking sector having US$2,5 billion in nostro deposits, Reserve Bank of Zimbabwe governor John Mangudya has warned agai...Published: 12 Mar 2023 at 06:37hrs | 3743 | by Staff Reporter
Mnangagwa assures business operators of his government's protection from potential losses
President Emmerson Mnangagwa Friday looked to be assuring business operators of his government's protection from potential losses that could arise from a possible violent election period the country n...Published: 10 Mar 2023 at 19:39hrs | 347 | by Staff reporter
Understanding the collapse of Zimbabwe
THE first two decades that followed the independence of Zimbabwe in 1980 were characterised by a number of major developments. Government expanded social services such as health and education — the ...Published: 10 Mar 2023 at 05:20hrs | 870 | by Eddie Cross
Zera hikes price of gas effective immediately
The Zimbabwe Energy Regulatory Authority (Zera) has reviewed upwards the price of Liquefied Petroleum (LP Gas).In a statement, the energy regulator noted that it had increased the price of LP ...Published: 08 Mar 2023 at 07:22hrs | 1606 | by Staf reporter
Tobacco auction floors open tomorrow
Tobacco farmers have started delivering their crop ahead of the marketing season which opens tomorrow at auction floors with the official ceremony at Tobacco Sales Floor.Deliveries for the far...Published: 07 Mar 2023 at 05:23hrs | 129 | by Staff reporter
Zera reviews fuel prices
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a drop in the price of diesel and a slight increase for petrol blend effective today.In its latest monthly update, the regulator s...Published: 06 Mar 2023 at 15:00hrs | 415 | by Staff reporter
Above-normal rainfall predicted for March
THE United States Agency for International Development (USAid)'s food security arm, the Famine Early Warning Systems Network (FEWS NET), has predicted above-normal rainfall for March, a change from th...Published: 06 Mar 2023 at 05:19hrs | 891 | by Staff reporter
Zimbabwe's monthly inflation goes negative
Monthly inflation went negative last month to -1,6 percent, meaning prices fell on average, according to ZimStat, the national statistics agency, using the new weighted consumer price index that takes...Published: 06 Mar 2023 at 05:14hrs | 297 | by Staff reporter
Zimbabwe yet to receive Starlink application
THE government says Starlink, an American internet service provider controlled by billionaire investor Elon Musk is yet to submit an application for a licence to operate in Zimbabwe.There have...Published: 05 Mar 2023 at 06:25hrs | 2388 | by Kenneth Mufuka
WATCH: South Africans will start crossing to Zimbabwe for survival
Chairperson of the Zimbabwe Immigration Federation Luke Dzviti says South Africa maybe going the Zimbabwean way and at this rate, it would be worse than its neighbour.He says it won't be surpr...Published: 04 Mar 2023 at 18:37hrs | 5861 | by Staff reporter
'Mambondiani was forced to resign'
Former BancABC Zimbabwe managing director Lance Mambondiani is said to have violated policies relating to procurement of vendors where prices are said to have been inflated, Business Times reported....Published: 04 Mar 2023 at 10:24hrs | 1448 | by Staff reporter
Zimbabwe shifts to new 'blended' inflation that includes USD, Zimdollar prices
Zimbabwe will now measure inflation using a weighted average of goods and services priced in Zimdollars and US dollars, according to a Ministry of Finance statutory instrument gazetted yesterday in re...Published: 04 Mar 2023 at 08:12hrs | 339 | by Staff reporter
Zimbabwe's underworld of teen sex, drugs
TEENAGERS of schoolgoing age take turns to go into a secret hide-out located in Hatfield, Harare, on a Saturday.The girls are dressed in all sorts of skimpy tight fitting clothes, while their ...Published: 04 Mar 2023 at 08:09hrs | 653 | by Staff reporter
Inflation triggers food shortages in Britain
Britain has been hit by a massive food shortage that has been triggered by a combination of factors that include inflation and a biting energy crisis. According to reports from British media t...Published: 04 Mar 2023 at 07:57hrs | 67 | by Staff reporter
How Zimbabwe's fuel price now compares to other African countries
Zimbabwe's fuel price is painfully high and unlikely to drop significantly anytime soon.The average price of gasoline around the world is 1.30 U.S. dollars per litre. However, there is a subst...Published: 28 Feb 2023 at 09:36hrs | 2629 | by Staff reporter
Edgars branch forced to relocation by vendors
GIANT retail clothing company, Edgars Stores Limited, has closed one of its prominent branches in Bulawayo citing the need to secure an alternative location that suits its brand expectation amid press...Published: 28 Feb 2023 at 07:38hrs | 3385 | by Staff reporter
Tobacco farmers urged to do reaping, curing processes correctly to ensure good leaf quality
Small-scale tobacco growers are being urged to take heed and cure the remaining crop properly to boost the quality factor and fetch higher average prices.Senior Agronomist Lazarus Gatawa said,...Published: 25 Feb 2023 at 15:03hrs | 89 | by Simbarashe Sithole
Zimbabwe teachers demand US$1 200 pay
TEACHERS have called on government to urgently review their salaries to US$1 260 to cushion them against the high cost of living.For the better part of 2020 to date, government and teachers ha...Published: 24 Feb 2023 at 07:06hrs | 297 | by Staff reporter
Zimbabwe needs wisdom more than money
IN my opinion, Zimbabwe does not need to borrow money from anyone. The money is there in the country, what is needed at the moment is to get the right things in the right places.President Emme...Published: 21 Feb 2023 at 05:52hrs | 133 | by Rudo Munei
Farmers defend raw sugar price increase
Small-scale sugarcane farmers, who supply 45 percent of raw sugar in Zimbabwe, have defended the new price of the commodity after Gold Star suspended production at its refinery in Harare this week cit...Published: 17 Feb 2023 at 04:54hrs | 232 | by Staff reporter
Minister vows to end schools uniform monopoly after MPs outcry
The government will step in to stop schools from forcing parents to buy uniforms at exorbitant prices, primary and secondary education minister Evelyn Ndlovu told parliament on Wednesday.Ndlov...Published: 16 Feb 2023 at 04:58hrs | 1654 | by Staff reporter
Zimbabwe records world's highest food inflation
ZIMBABWE now has the highest food inflation rate globally which now stands at 285%, according to the latest World Bank (WB) report.The development comes after prices of basic foodstuffs and ot...Published: 16 Feb 2023 at 04:53hrs | 590 | by Staff reporter
Zimbabwe launches US$10 million gold facility
Prospects for increased gold production received a boost yesterday when Finance and Economic Development Minister, Professor Mthuli Ncube launched a US$10 million gold fund targeting small-scale and a...Published: 16 Feb 2023 at 04:50hrs | 168 | by Staff reporter
AfDB appointed adviser for Batoka Gorge project
THE African Development Bank has been appointed lead financial adviser for the planned US$5-billion Batoka Gorge hydro-power dam, designed to supply Zambia and Zimbabwe, which are facing crippling pow...Published: 15 Feb 2023 at 05:00hrs | 323 | by Staff reporter
Gold Star Sugars shuts Harare refinery in Tongaat Hulett price row
Gold Star, a subsidiary of ZSE-listed StarAfrica, has temporarily closed its Harare refinery and placed employees on indefinite leave, citing a sharp increase in raw sugar prices by its supplier Tonga...Published: 14 Feb 2023 at 19:30hrs | 725 | by Staff reporter
Mnangagwa claims 'robust' Zimbabwe economy progress
Zimbabwe's economic activity remains robust, as evidenced by strong foreign currency receipts, Zimbabwean President Emmerson Mnangagwa has said.Writing in his weekly column Sunday in the state...Published: 12 Feb 2023 at 19:10hrs | 219 | by Staff reporter
Mnangagwa's Ministers cornered over false promise to military
MEMBERS of Parliament on Wednesday cornered the acting leader of government business in the National Assembly, Felix Mhona, and deputy Finance minister Clemence Chiduwa over an unfulfilled promise mad...Published: 12 Feb 2023 at 11:13hrs | 1384 | by Staff reporter
Namibia, Zimbabwe gear up to keep more profits from lithium boom
Lithium-rich African countries, including Zimbabwe and Namibia, are trying to develop processing and refining industries to capture more of the profits of global demand for the battery material....Published: 12 Feb 2023 at 07:40hrs | 314 | by Staff reporter
Banks use RBZ excuse to dismiss demands for US dollar salary payments
BANK Employers Association of Zimbabwe (BEAZ) has allegedly claimed that the Reserve Bank of Zimbabwe (RBZ) does not allow the payment of US$-denominated salaries as a way to counter mounting pressure...Published: 12 Feb 2023 at 07:36hrs | 315 | by Staff reporter
Omega Sibanga tries to knock sense into Mnangagwa's son in-law's head
FORMER Zifa vice-president Omega Sibanda has urged the Sports and Recreation Commission (SRC) to lift the Zifa suspension which he says is the only way Zimbabwe will be reinstated back into the Fifa f...Published: 12 Feb 2023 at 07:27hrs | 947 | by Staff reporter
11 Zimbabwean men, 10-car cigarette smuggling convoy intercepted in SA
South African police have intensified their crackdown on the smuggling of cigarettes from Zimbabwe via Beitbridge and illegal crossing points along the Limpopo River, seizing five vehicles and cigaret...Published: 12 Feb 2023 at 07:22hrs | 143 | by Staff reporter
Zera shifts to monthly fuel price updates
THE Zimbabwe Energy and Regulatory Authority (Zera) will, going forward, be issuing monthly fuel price updates from weekly so as to ensure stability over a long period of time.Since May last y...Published: 10 Feb 2023 at 19:39hrs | 300 | by Staff reporter
SA faces largest exodus of Zimbabweans
A country which was once looked at as a place of refuge and possible safe haven for Zimbabwean nationals, is gearing up for what is expected to be one of the largest exoduses of Zimbabweans this year....Published: 10 Feb 2023 at 05:42hrs | 17218 | by Staff reporter
World Bank says Zimbabwean economy to maintain modest growth in 2023
Zimbabwe's economy is projected to grow at a modest growth rate in 2023 against a weakening global economic growth outlook, according to the World Bank.Speaking at the Economic and Business Ou...Published: 09 Feb 2023 at 05:11hrs | 681 | by Staff reporter
Zimbabwe moves towards full dollarisation
LATEST statistics availed by the Zimbabwe National Statistics Agency (ZimStat) show that Zimbabwe's economy is fast dollarising with 78% of transactions for food purchases now being done in foreign cu...Published: 08 Feb 2023 at 05:03hrs | 1409 | by Staff reporter
Belarus cashes in on Zimbabwe sanctions
Belarusian President Alexander Lukashenko secured eight bilateral agreements in agriculture, education and economic co-operation with Zimbabwe.BELARUS has taken advantage of sanctions imposed ...Published: 06 Feb 2023 at 04:53hrs | 399 | by Staff reporter
Zimbabwe's diamonds sold for a song
Zimbabwe often sells its diamonds below market prices as they are not sought for and are even explicitly banned by major jewellery retailers for ethical reasons," ReportZIMBABWE is allegedly s...Published: 05 Feb 2023 at 08:28hrs | 543 | by Staff reporter
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