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Interest rate hike haunts black market kingpins
Interventions by the Reserve Bank of Zimbabwe (RBZ) to stem prolonged currency battering have sent black market rates tumbling by over 50 percentage points within a month, Inter Horizon Securities (IH...Published: 16 hrs ago | 930 | by Staff reporter
Zimbabwe gold smuggling on the rise: Parly
Parliament's Mines Portfolio Committee yesterday raised concern over the proliferation of gold mines amid reports that gold smuggling to South Africa and the Middle East had increased.The comm...Published: 16 hrs ago | 227 | by Staff reporter
Zimbabwe central bank declares victory
THE Reserve Bank of Zimbabwe (RBZ) says as of last Wednesday, 4 475 gold coins valued at $3,7 billion had been bought with 90% being local currency purchases, a move it says has cooled the galloping p...Published: 15 Aug 2022 at 06:40hrs | 839 | by Staff reporter
Kariba contributes 72% of total power output
THE Zimbabwe Power Company (ZPC) surpassed its power generation target in the second quarter of this year by 0,35 percent.It dispatched 2 300gigawatt hours (GWh), above its target of 2 292GWh....Published: 15 Aug 2022 at 06:38hrs | 164 | by Staff reporter
Gwayi-Shangani pipeline excites villagers
THE Gwayi-Shangani pipeline is set to transform the lives of thousands of people in six districts in the Matabeleland North Province as well as benefit Bulawayo and Matabeleland South immensely as the...Published: 14 Aug 2022 at 07:20hrs | 318 | by Staff reporter
Kariba power station surpasses Power generation targets in Q2
Kariba power station generated 72 percent of the 2 300 GWh that the Zimbabwe Power Company (ZPC) sent out during the second quarter of this year on the back of improved water availability and plant ef...Published: 13 Aug 2022 at 14:46hrs | 546 | by Staff reporter
Mnangagwa tells profiteers to play fair,
PRESIDENT Mnangagwa yesterday reiterated the need to adopt fair business practices and urged economic stakeholders to rally behind the country's transformation agenda and leave a legacy of positive im...Published: 13 Aug 2022 at 07:23hrs | 115 | by Staff reporter
Cartels, manipulators on the radar
Cartels and those that collude to unjustifiably increase prices, engage in illegal dealings and manipulating the local currency for their benefit have been put under the microscope, President Mnangagw...Published: 13 Aug 2022 at 07:22hrs | 158 | by Staff reporter
Gold coins' sales hit ZW$3,7 billion, 90% sales in local currency
THE Reserve Bank of Zimbabwe (RBZ) has reported that gold coins' sales have to date reached ZW$3,7 billion with 90% sales being made in the local currency.Presenting the Mid-Term Monetary Poli...Published: 12 Aug 2022 at 20:30hrs | 439 | by Staff reporter
Mnangagwa's hectic schedule
PRESIDENT Mnangagwa will today lead key proceedings in a double hectic schedule in the resort city of Victoria Falls where he is set to officially open the End of Term Judges Symposium this morning an...Published: 12 Aug 2022 at 06:34hrs | 362 | by Staff reporter
Contracted tobacco farmers urged to avoid double dipping
Senior Agronimist in Mashonaland Central province Lazarus Gatawa has urgerd contracted tobacco farmers to only stick to one contract company if they...Published: 11 Aug 2022 at 18:29hrs | 275 | by Simbarashe Sithole
Policy flaws chasing Forex from the formal market
It is estimated that US$2.5 billion is circulating outside the formal banking system in Zimbabwe with households, businesses and foreign investors preferring to store their hard-earned foreign currenc...Published: 11 Aug 2022 at 12:05hrs | 2121 | by Victor Bhoroma
Assessing the US$12 billion mining industry target
The Zimbabwean government launched an ambitious plan to transform the mining sector into a US$12 billion export industry by end of 2023. The plan was launched in October 2019 as a key pillar to sustai...Published: 11 Aug 2022 at 12:01hrs | 405 | by Victor Bhoroma
'Zimbabwe economy enters growth phase'
President Mnangagwa said Zimbabwe's economy has transitioned from recovery to a growth phase, adding economic activity is projected to expand by a weighty 4,6 percent in 2022 despite the negative impa...Published: 11 Aug 2022 at 06:38hrs | 366 | by Staff reporter
Zesa switches off top officials, police in blitz
TOP government officials, critical security establishments, including police stations and ministry departments, were left in the dark last week after the country's power utility, Zesa, switched them o...Published: 10 Aug 2022 at 08:49hrs | 3318 | by Staff reporter
Red flag over Mnangagwa ally's mining operations
PRESIDENT Emmerson Mnangagwa's ally Scott Sakupwanya's company Better Brands (Private) Limited's operations at Redwing Mine in Penhalonga is under the spotlight amid concerns over gold leakages and po...Published: 10 Aug 2022 at 08:47hrs | 1279 | by Staff reporter
Zimbabwe's cash-rich govt suppliers fuel currency volatility
GOVERNMENT procurement and service providers - who include public works contractors and suppliers of goods and services - are destabilising the foreign exchange market by offloading part of their stag...Published: 10 Aug 2022 at 08:40hrs | 1195 | by Staff reporter
Illegal miners threaten railway tracks
SMALL-scale chrome miners have invaded Mapanzure area in Zvishavane, Midlands Province, where they are conducting illegal mining activities along the Gweru-Zvishavane railway line, amid growing fears ...Published: 10 Aug 2022 at 06:31hrs | 117 | by Staff reporter
Production costs, competition strain Ingwebu
BULAWAYO Municipal Commercial Undertaking's beverages producer, Ingwebu Breweries, says rising costs of production coupled with increasing competition strained its earnings, which saw profit dropping ...Published: 10 Aug 2022 at 06:31hrs | 135 | by Staff reporter
Mnangagwa charts new inclusive path
THE Government will give a holistic account of the country's liberation struggle by honouring forgotten heroes such as the late Reverend Ndabaningi Sithole and James Chikerema among others for their c...Published: 09 Aug 2022 at 08:17hrs | 437 | by Staff reporter
'Zimbabwe a friend to all, an enemy to none'
Address by the President of the Republic 0f Zimbabwe His Excellency, ED Mnangagwa at the 42nd Heroes Day Commemorations. It is my singular honour and privilege to be addressing you all, at thi...Published: 09 Aug 2022 at 08:16hrs | 91 | by ED Mnangagwa
Chiwenga says said Mnangagwa is Zanu-PF's sole candidate in the 2023 election
VICE President Constantino Chiwenga has said President Mnangagwa is Zanu-PF's sole candidate in the 2023 Presidential election.VP Chiwenga was addressing multitudes of Zion Christian Church me...Published: 08 Aug 2022 at 05:44hrs | 262 | by Staff reporter
Ex-Zipra guerilla now a successful farmer
EX-ZIPRA guerrilla Moses Moyo is a beneficiary of the land reform programme and owns a plot under the A1 model in Makokomba village in Umguza District. He now has what he fought for – the land....Published: 08 Aug 2022 at 05:44hrs | 251 | by Staff reporter
Econet cuts physical airtime sales to 10%
ECONET Wireless Zimbabwe has reduced physical airtime sales to 10 percent in line with the Reserve Bank of Zimbabwe directive regarding the phasing out of physical airtime distribution by mobile netwo...Published: 08 Aug 2022 at 05:43hrs | 180 | by Staff reporter
Zimbabwe on cusp of oil, gas breakthrough
Australian Securities Exchange (ASX)-listed oil and gas firm Invictus Energy has started assembling drilling equipment at its Mukuyu-1 prospect in Muzarabani, Mashonaland Central, ahead of exploration...Published: 07 Aug 2022 at 08:16hrs | 559 | by Staff reporter
Mnangagwa gives out free poultry for 3 million households
AT least three million households will benefit from the revamped Presidential Rural Poultry Scheme that will see beneficiaries receiving 10 indigenous poultry chicks each as part of a targeted empower...Published: 07 Aug 2022 at 08:15hrs | 351 | by Staff reporter
Mnangagwa exhibited traits of tribalism on Cont Mhlanga's national hero status
Observers have accused President Emmerson Mnangagwa of exhibiting traits of tribalism by failing to accord national hero status to the late legendary Zimbabwean playwright, actor and theatre director ...Published: 06 Aug 2022 at 17:56hrs | 1161 | by Staff reporter
POETRY: Cont Mhlanga, The Legend
Cont Mhlanga, a fine fount of knowhow, Words, words are not adequate to describe howYou lived and touched the lives of many a soul, May your lovely legacy of ...Published: 05 Aug 2022 at 09:21hrs | 405 | by Ndaba Sibanda
Matshe Koko's firm to build massive solar plant in Zimbabwe
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has signed a power purchasing agreement with a South African independent power producer, Matshela Energy Limited, for a 100MW sol...Published: 05 Aug 2022 at 06:38hrs | 455 | by Staff reporter
Lager beer production seen up 11%
DELTA Beverages says its lager beer portfolio is performing ahead of prior year, with a target to produce more than two million hectolitres this year, up 11% compared to prior year.Last year, ...Published: 04 Aug 2022 at 06:43hrs | 268 | by Staff reporter
Tribute to arts legend Cont Mhlanga
On my on behalf and that of my organisation, Rural Libraries and Resources Development Programme (RLRDP), I convey my sincere condolences to Mrs Mhlanga, family and the arts fraternity in Zimbabwe on ...Published: 04 Aug 2022 at 06:41hrs | 190 | by Dr Obadiah Thembani Moyo
Rogue lawyers connive with bogus estate agents
SOME rogue lawyers in Bulawayo are reportedly conniving with bogus estate agents to defraud homeseekers as demand for housing surges.Police in Bulawayo recorded 32 fraud cases involving the sa...Published: 03 Aug 2022 at 06:42hrs | 526 | by Staff reporter
China's 'juicy' deal with Zimbabwe set to benefit citrus farmers
MBUYA Rosemary Tendi (70) of Rusitu Valley in Chimanimani, eastern Zimbabwe, has been braving crispy cold mornings in the past few weeks to make sure that she monitors the harvesting of oranges from h...Published: 02 Aug 2022 at 06:54hrs | 1162 | by Staff reporter
'Mthuli Ncube has failed us'
WOMEN's organisations have decried failure by Finance minister Mthuli Ncube to address "menstrual poverty" among girls and women who are failing to access affordable sanitary wear.Ncube last w...Published: 02 Aug 2022 at 06:47hrs | 801 | by Staff reporter
WATCH: Who will Continue your work?
INTABA enkulu idilikile sums up the impact of the death of one of the country's icons of the arts, Cont Mhlanga.Cont (64) died yesterday morning at the United Bulawayo Hospitals (UBH) after be...Published: 02 Aug 2022 at 06:46hrs | 517 | by Staff reporter
Zimbabwe to release another batch of gold coins
The Reserve Bank of Zimbabwe (RBZ) today said it will release an additional 2 000 gold coins this week, after the initial batch was highly subscribed.The Mosi-Oa-Tunya coins, which came into t...Published: 02 Aug 2022 at 06:44hrs | 372 | by Staff reporter
Zimbabwe buys new Embraer plane
IN a move expected to boost the fleet of national airliner Air Zimbabwe, Government has bought a new state of the art Embraer ERJ-145 jet that is expected to take to the skies in the next eight weeks....Published: 02 Aug 2022 at 06:44hrs | 854 | by Staff reporter
Cont Mhlanga mourned
One of the country's icons of the arts, Cont Mhlanga, died yesterday morning at the United Bulawayo Hospitals (UBH) after being admitted 10 days ago.He was 64.His family said he succum...Published: 02 Aug 2022 at 06:43hrs | 453 | by Staff reporter
Mnangagwa's govt targets 3 million tonnes of maize
THE Government is targeting to produce 3 million tonnes of maize during the 2022/23 summer cropping season with preparations already underway.This comes as the Second Republic has made food se...Published: 02 Aug 2022 at 06:42hrs | 72 | by Staff reporter
BREAKING: Cont Mhlanga dies
Zimbabwean playwright, film-maker and theatre director who is also the founder of Amakhosi Theatre Productions Company Cont Mdladla Mhlanga has died....Published: 01 Aug 2022 at 10:25hrs | 6451 | by Ndou Paul
Push for new route to the sea
IN a short four years, President Mnangagwa and his team have ushered in and carried out breathtaking reforms in our national economic management. He is scoring successes in all the fundamental...Published: 01 Aug 2022 at 06:33hrs | 544 | by Monica Mutsvangwa
Huge appetite for Zimbabwe gold coins
ZIMBABWE'S central bank has registered an overwhelming uptake of the Mosi-oa-Tunya gold coin after local financial institutions, pension funds, insurance companies and individuals bought the bulk of t...Published: 31 Jul 2022 at 17:51hrs | 6077 | by Staff reporter
Zimbabwe banking on gold to fight inflation
With inflation soaring in Zimbabwe and the country's currency in free fall as people abandon it for the US dollar, the government of President Emmerson Mnangagwa is fighting back with a novel strategy...Published: 31 Jul 2022 at 09:13hrs | 1143 | by Lesley Wroughton
Zimbabwe receives weather forecasting equipment
Small-scale farmers are set to benefit from the Green Climate Fund which seeks to mitigate drought and other climate change induced disasters.The project is funded by the United Development Fu...Published: 30 Jul 2022 at 19:08hrs | 88 | by Staff reporter
Zimbabwe exports rise 33%
Zimbabwe's exports increased by 33% to US$3,5 billion in the first half of this year, from US$2,6 billion during the same period in 2021, driven by an increase in agriculture, mineral and manufactured...Published: 29 Jul 2022 at 06:51hrs | 351 | by Staff reporter
Mnangagwa commends talented young people
ZIMBABWE is poised to be at the apex of development given its rich pool of talented youths in various fields like engineering who have put shoulders to the wheel in transforming the country towards an...Published: 29 Jul 2022 at 06:46hrs | 144 | by Staff reporter
Arthur Mutambara trashes RBZ's gold coins initiative
FORMER Deputy Prime Minister Arthur Mutambara has trashed the Reserve Bank of Zimbabwe's (RBZ) gold coins initiative, supposedly meant to ease inflation, as nothing other than ‘a shameful opportunit...Published: 27 Jul 2022 at 19:37hrs | 2163 | by Staff reporter
RBZ releases only 2 000 gold coins
THE Reserve Bank of Zimbabwe (RBZ) yesterday released 2 000 Mosi-oa-Tunya gold coins worth US$3,6 million onto the market and indicated that it would introduce smaller denominations to cater for the l...Published: 26 Jul 2022 at 06:40hrs | 2966 | by Staff reporter
Zimbabwe gold coins start circulating
THE Reserve Bank of Zimbabwe (RBZ) yesterday released the first batch of 2 000 Mosi-oa-Tunya gold coins into the market to provide a store of value alternative to the US dollar in a development expect...Published: 26 Jul 2022 at 06:36hrs | 732 | by Staff reporter
Zimbabwe gold coin out today
The Reserve Bank of Zimbabwe (RBZ) will release the Mosi-oa-Tunya gold coins onto the market today and they will be sold in local currency, US$ and other foreign currencies.Their price is base...Published: 25 Jul 2022 at 06:27hrs | 988 | by Staff reporter
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