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Zimbabwe reels as 18-hr power cuts
For Cosmas Kabondo, the rolling 18-hour power cuts have made life more expensive as his family is scrambling for alternative sources of energy.Zimbabwe's power crisis deepened early this month...Published: 22 hrs ago | 446 | by Staff rpeorter
The reality of stagflation in Zimbabwe
The current fiscal year is turning out to be a challenging year for the Zimbabwean economy. The country is experiencing all the features of economic decline from a recession, high unemployment rate, d...Published: 20 Jul 2019 at 19:31hrs | 2265 | by Victor Bhoroma
Chaos, corruption in councils
THIS continues from last week as we look at actual examples of some of the rot happening in councils reported in the Auditor-General's Report for Local Authorities 2018.The report shows the ex...Published: 20 Jul 2019 at 14:28hrs | 718 | by Miriam Tose Majome
Presuming 'no normal person votes Zanu-PF' is what makes MDC lose
Appearances can deceive big-time.Perusing the South African media before that country's general elections in May this year, one would have concluded that the ruling ANC was finished and would ...Published: 19 Jul 2019 at 07:19hrs | 1411 | by Conway Tutani
'Zimdollar return will yield stability'
CLOTHING retailer, Edgars Stores Limited, expects the re-adoption of the Zimbabwean dollar as the sole currency of exchange to bring stability in the country's economy.The group has said its y...Published: 18 Jul 2019 at 09:30hrs | 3057 | by Staff reporter
Telecomms a new loss making business in Zimbabwe?
Zimbabwe mobile network operators have seen revenue decline and reporting break evens, in this highly inflationary environment. If this persists at this rate, they will be soon reporting loses as the ...Published: 18 Jul 2019 at 08:04hrs | 586 | by Staff reporter
inDriver starts recruiting Harare drivers
A unique international online ride hailing service, inDriver, which allows passengers to negotiate the fare with drivers, has begun recruiting drivers in Harare for the service, which it intends to la...Published: 17 Jul 2019 at 20:46hrs | 2041 | by Staff reporter
How safe are Zimbabwe's top online casinos compared to countries like the UK?
Zimbabwe has a lot of reasons for tourists to visit. Along with the traditional safaris, parks, and landscapes, it also has an abundance of well-operated casinos. With 11 major cities and each one hom...Published: 17 Jul 2019 at 11:38hrs | 391 | by Staff Writer
Mnangagwa creating a bourgeoisie class
WHEN it staged the November 2017 coup, the military was very candid in its statement that the grave action was an effort to "restore Robert Mugabe's legacy", a heritage that over time had been reverse...Published: 17 Jul 2019 at 07:49hrs | 1189 | by Paidamoyo Muzulu
Duty waiver on solar equipment
Government has approved a duty waiver on solar equipment and allowed mining firms to procure energy directly from the Southern African Power Pool. Further, selected hotels in resort areas will soon st...Published: 17 Jul 2019 at 07:38hrs | 688 | by Staff reporter
'A coup against Mnangagwa is about to explode'
The November 2017 military coup which forced tyrant Robert Mugabe from power is still haunting Zimbabwe almost 18 months down the line. The remnants of the coup and its footprints will not disappear s...Published: 16 Jul 2019 at 16:59hrs | 18434 | by Blessing Ivan Vava
Econet reviews data tariffs
Econet Wireless Zimbabwe has reviewed its data bundle and SMS pricing by between 30 and 50 percent, a move seen by analysts as a way to align tariffs with the prevailing economic environment. ...Published: 16 Jul 2019 at 07:27hrs | 1743 | by Staff reporter
Paynet readmits 3 banks as alternative is tested
Bulk payments service provider, Paynet Zimbabwe, may have readmitted at least three banks (names withheld) to its platform, days after indicating it will initiate legal action to claim US$100 million ...Published: 16 Jul 2019 at 07:21hrs | 1808 | by Staff reporter
Edgars Stores ups interest rates
Edgars Stores Limited says it is in the process of increasing interest rates charged on customer accounts due to inflation and increased cost of borrowing.In a trading update at the company's ...Published: 14 Jul 2019 at 14:55hrs | 508 | by Staff reporter
5 things to know about the upcoming immigration raids in major U.S. cities
A series of immigration raids is expected to begin as early as Sunday in several major American cities, according to President Donald Trump.It's part of the Trump administration's crackdown on...Published: 14 Jul 2019 at 12:47hrs | 787 | by Rafael Carranza, Arizona Republic
Inside Harare's online brothels
CIVILISATION'S oldest profession has taken a new twist.Once a shameful act in Zimbabwe, done under the cover of darkness, the trade has gone a notch higher as new technology is shaking up the ...Published: 14 Jul 2019 at 12:23hrs | 936 | by Staff reporter
Air Botswana to resume flights to Zimbabwe
AIR Botswana has announced plans to resume flights between Gaborone and Harare next month, a move the Zimbabwe Tourism Authority (ZTA) says will boost the tourism business between the two countries. ...Published: 10 Jul 2019 at 07:48hrs | 757 | by Staff reporter
RioZim, Zesa to ink power deal
RIOZIM says its US$1,5 billion investment into building a 2 800 megawatts thermal power station in Sengwa, Gokwe North, remains firmly on course with the company now moving to the next phase of prelim...Published: 10 Jul 2019 at 07:41hrs | 445 | by Staff reporter
Tax scam costs Govt billions
Some players in the garment-making sector are allegedly skimming the Government of billions of dollars in potential tax revenue and suffocating downstream textile industries by abusing a special cloth...Published: 10 Jul 2019 at 07:34hrs | 431 | by Staff reporter
Let's embrace the Zimbabwean spirit of Ubuntu
Dear ZimbabweansSo prices of basic commodities are tumbling and the foreign currency dealers are kicking and screaming! Surely that's the Zimbabwe we want not this madness of profiteering and ...Published: 09 Jul 2019 at 10:03hrs | 543 | by Munya Shumba
Muzamhindo presents an Alternative, Clear and sound Development plan which will take Zimbabwe forward
Academic Tinashe Eric Muzamhindo writes:A policy is a declaration of an intention of an organisation or institution. These are rules and regulations which will set terms of references for an o...Published: 09 Jul 2019 at 09:56hrs | 737 | by Tinashe Eric Muzamhindo
Govt to withdraw licences for profiteering businesses
GOVERNMENT is going to withdraw operating licenses of shops that are profiteering and give them to "patriotic" people, Defence and War Veterans Welfare deputy minister Victor Matemadanda has said....Published: 09 Jul 2019 at 07:28hrs | 871 | by Staff reporter
Govt to increase civil service salaries
Government is set to increase civil service salaries, potentially beginning this month-end to cushion them from recent price hikes once a framework to guide the planned pay and benefits rise has been ...Published: 09 Jul 2019 at 07:18hrs | 2204 | by STaff reporter
Power cuts cripple informal sector
THE incessant power cuts being experienced across the country have hit the informal sector hardest with players now spending long hours or days without production. The power utility, Zesa, is ...Published: 09 Jul 2019 at 07:17hrs | 242 | by Staff reporter
'Govt not under pressure to borrow'
GOVERNMENT says it no longer has pressure to borrow on the local market after it repaid in excess of $1,5 billion of its domestic debt, a Treasury official has said.Ministry of finance permane...Published: 08 Jul 2019 at 08:01hrs | 1058 | by Staff reporter
Zimbabwe citizens missing in action
IN his 1957 ANC presidential address, chief Albert Luthuli once remarked: The length of the term of slavery depends largely on the oppressed themselves and not on the oppressor."Although his r...Published: 05 Jul 2019 at 08:07hrs | 610 | by Levison Bhebhe
Government debts weigh on TelOne
State owned fixed telecommunications giant TelOne says unpaid Government debts amounting to $93 million, 62 percent of total debt, are largely the reason it has struggled to meet obligations to critic...Published: 05 Jul 2019 at 07:51hrs | 147 | by Staff reporter
Mnangagwa's allies revealed
In the Political space, a man needs worthy allies to help him consolidate power as well as keep the train on the rails on the economic front.President Mnangagwa might have political allies in ...Published: 04 Jul 2019 at 09:47hrs | 11381 | by Nicholas Ncube
Mnangagwa threatens profiteering businesses
President Emmerson Mnangagwa has threatened to come down hard on shops that are refusing to slash prices after his government last week dumped the decade-old multi-currency system and re-introduced th...Published: 03 Jul 2019 at 08:42hrs | 1564 | by Staff reporter
Econet swings to $106,4m loss after tax
Econet Wireless Zimbabwe Limited (EWZL) posted a loss after-tax of ZWL$106,4 million in the year ended February 28, 2019, from a profit after-tax of ZWL$132,3 million recorded in 2018 following the un...Published: 02 Jul 2019 at 08:30hrs | 1436 | by Staff reporter
'Joshua Nkomo deserves sainthood'
ZIMBABWEANS should lobby the Catholic Church to declare Father Zimbabwe and former Vice President, Dr Joshua Mqabuko Nkomo, a saint in honour of his contribution to humanity, an official said yesterda...Published: 02 Jul 2019 at 08:12hrs | 141 | by Staff reporter
Business community must take a leading role in Economic Transformation
We have energy problems, we have political disputes, we have shortage inflation at hand and it is the duty and obligation of the business community to take a leading role in fostering the national dev...Published: 01 Jul 2019 at 19:04hrs | 682 | by Tinashe Eric Muzamhindo
The future of Zimbabwe's economic growth through proper collection of taxation and diaspora taxation
Zimbabwe is a country that is coming out of three decades of of economical abyss The Zimbabwean economic challenges are many and addressing them will not happen overnight. Security situation has...Published: 01 Jul 2019 at 18:50hrs | 770 | by Dr Masimba Mavaza
'Zimbabwe return to normalcy'
'Nation embraces Zim dollar . . . Country has returned to normalcy, President says'. This was a headline in the Chronicle. Sadly there is an element of truth in this. What we face is indeed 'normalcy'...Published: 01 Jul 2019 at 09:17hrs | 2888 | by Zimbabwe Vigil Diary
Zimbabwe to licence new mobile virtual network operators
Zimbabwe will soon licence new entrants into the mobile telecommunications sector under the mobile virtual network operators' framework, with authorities agreeing on the need to put in place legal fra...Published: 01 Jul 2019 at 09:09hrs | 2106 | by Staff reporter
Using colonial past to mask current govt failure is criminal
LAST week, I stumbled on a conversation that was questioning why African politicians are increasingly becoming wealthier, while their governments and countries are getting poorer. Zimbabwe was cited a...Published: 01 Jul 2019 at 08:02hrs | 320 | by Tapiwa Gomo
'Return to normalcy'
'Nation embraces Zim dollar . . . Country has returned to normalcy, President says'. This was a headline in the Chronicle. Sadly there is an element of truth in this. What we face is indeed 'normalcy'...Published: 01 Jul 2019 at 07:34hrs | 983 | by ZimVigil
Dual Listing: Fungible securities explained
Many investors are always on the lookout for new ways to make a profit, and fungible instruments allow just such a thing through the action of arbitrage. In other words, fungible securities al...Published: 01 Jul 2019 at 07:31hrs | 138 | by Staff reporter
General Electric comes to Zimbabwe
General Electric (GE) will dispatch a high-level team to Zimbabwe next month as the United States' industrial behemoth scouts for investment opportunities in the country.A three-man team from ...Published: 30 Jun 2019 at 09:31hrs | 3896 | by Staff reporter
US$ ban piles pressure on employers
The government should channel its entire surplus towards cushioning workers in the face of rising costs and declining incomes, economist Ashok Chakravarti has said.In a wide-ranging interview ...Published: 30 Jun 2019 at 09:10hrs | 1417 | by Staff reporter
Policy uncertainty disrupts investors
THAT President Emmerson Mnangagwa and his Finance minister Mthuli Ncube are trying and well-meaning is not in doubt. Even their trenchant critics and cynics would agree they are making the right noise...Published: 30 Jun 2019 at 09:08hrs | 232 | by Zimind Comment
Mnangagwa's govt moots scrapping duty on more imports
THE Government is fed up with unscrupulous businesses that are in the habit of wantonly increasing prices of basic commodities and will soon consider scrapping off import duty on various goods and foo...Published: 30 Jun 2019 at 09:02hrs | 1192 | by Staff reporter
Zimbabweans told to snub profiteering retailers
COMMUNITY leaders have urged consumers to boycott buying goods from profiteering retailers as a way to protect themselves against wanton price hikes. Following Government's decision to s...Published: 29 Jun 2019 at 16:43hrs | 500 | by Staff reporter
It's up to us to make Zimdollar work
The record needs to be set straight that Finance minister Mthuli Ncube has done nothing outrageous and/or unprecedented by banning the use of foreign currencies in domestic transactions.Accord...Published: 28 Jun 2019 at 06:25hrs | 2055 | by Conway Tutani
'We are not USA must use Z$' argue Professor Chakravarti - no common sense nor integrity, must shut up
"Ever since we dollarised, everybody has been benchmarking against the US dollars," said Zimbabwe economics lecturer Professor Ashok Chakravarti."We are not the United States of America, we ar...Published: 27 Jun 2019 at 21:31hrs | 2305 | by Patrick Guramatunhu
Banishing forex trading is 'Good times are back!' for chefs, 'Nhamo yamakandiwa yadzoka!' for povo
Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya has cleared the air on a number of issues surrounding the abolition of the multi-currency system, among them clarifying that recipients of dia...Published: 27 Jun 2019 at 13:54hrs | 3748 | by Patrick Guramatunhu
Lance Mambondiani joins BancABC Zimbabwe
The Board, Management and Staff of BancABC Zimbabwe welcome Dr. Mambondiani to the BancABC team. Dr. Mambondiani has been appointed as Managing Director and CEO for BancABCZmbabwe with effect ...Published: 27 Jun 2019 at 08:58hrs | 2767 | by Staff reporter
'Dealers diverting fuel to black market'
UNSCRUPULOUS fuel dealers are allegedly diverting large volumes of the commodity to the underground markets, causing shortages on the market, the National Oil Infrastructure Company (NOIC) chairman Da...Published: 27 Jun 2019 at 06:59hrs | 2749 | by Staff reporter
Mthuli Ncube slams debt takeover practice
Government may not take over the debts of State-owned entities such as Air Zimbabwe and Zisco, touted as critical to make them more attractive to investors, after Finance and Economic Development Mini...Published: 27 Jun 2019 at 06:27hrs | 1546 | by Staff reporter
Reserve Bank scraps US$10 000 daily trading limit for bureaux de change
THE Reserve Bank of Zimbabwe (RBZ) has scrapped the US$10 000 daily trading limit for bureaux de change and the 2,5 percent maximum profit margin for banks, in a bid to make the interbank forex market...Published: 26 Jun 2019 at 07:07hrs | 969 | by Staff reporter
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