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Biti criticizes Zimbabwe's economic policies
Former finance minister Tendai Biti has strongly criticized the economic policies under the current administration, describing them as "fictitious" and blaming them for Zimbabwe's ongoing de-industria...Published: 14 Dec 2024 at 12:34hrs | 505 | by Staff reporter
Zimbabwe lacks political will, financing to implement SDGs
Zimbabwe is struggling to make significant progress on the Sustainable Development Goals (SDGs) due to a lack of political will and financial resources, according to a recent statement by the United N...Published: 17 Sep 2024 at 06:44hrs | 210 | by Staff reporter
Pravin Gordhan kicks the proverbial bucket
Pravin Gordhan served as a minister during the state capture years. But he will also be remembered for being among those who pushed back against its architects.Gordhan passed away on Friday at...Published: 13 Sep 2024 at 06:34hrs | 1028 | by Staff reporter
Zimbabwe lags on SDGs, claims UN
The United Nations has reported that Zimbabwe has been struggling to meet Sustainable Development Goals (SDGs) since 2019, primarily due to inadequate financing frameworks. ...Published: 05 Sep 2024 at 07:19hrs | 150 | by Staff reporter
Building a formidable business amid economic downturns
Businesses face declines in sales and profits during economic downturns. While some businesses during this period fail, some do not only thrive but instead become more formidable. Many of the ...Published: 29 Aug 2024 at 16:01hrs | 158 | by Staff Reporter
South African Rand takes a hit
The rand and a number of South African stocks took a hit on Monday as investors moved away from purchasing riskier assets, and it became evident that the US may enter a recession.The rand was ...Published: 06 Aug 2024 at 09:12hrs | 1342 | by Staff reporter
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 61 | by Nick Mangwana
Is an underwear a leading economic indicator?
I was unfamiliar with the Men's Underwear Index - the MUI - until I heard it discussed this week on National Public Radio. Perhaps on the Marketplace Morning Report on WAMC. Or some similarly unassail...Published: 07 Apr 2024 at 13:42hrs | 2 | by Ralph Gardner Jr.
Diplomatic tiff between Botswana and Germany: the magnificent ELEPHANT
The president of Botswana was not angry per se. He should never be angry if he is aware of the global positioning of states: which country is at the top of the other: who is the big brother and what a...Published: 06 Apr 2024 at 18:10hrs | 22 | by Nomazulu Thata
Zimbabwe rural teachers declare poverty, strike
RURAL teachers have downed their tools after officially declaring incapacitation to the government as a new wave of price increases is pushing the cost of living to astronomical levels.In an i...Published: 12 Feb 2024 at 13:53hrs | 2 | by Staff reporter
'Zimbabwe leaders need psychological help'
Walter Mzembi, an exiled former Cabinet Minister, has highlighted the need for psychological support within President Emmerson Mnangagwa's administration, suggesting that some officials may require as...Published: 07 Feb 2024 at 04:49hrs | | by Staff reporter
Mthuli Ncube's taxes kick in
Zimbabweans will begin a new year tomorrow faced with a basket of new taxes, levies and fees that will push up the cost of living for many that are already struggling to make ends meet.Finance...Published: 31 Dec 2023 at 13:00hrs | 10 | by Staff reporter
Sengezo Tshabangu rescinds the recall of Victoria Falls councillors
THE Zimbabwe Electoral Commission (ZEC) has cancelled the planned by-election that had been set for Victoria Falls after Citizens Coalition for Change (CCC) interim secretary Mr Sengezo Tshabangu resc...Published: 15 Dec 2023 at 14:16hrs | | by Staff reporter
Is a recession still likely at the end of 2023?
The cost of living crisis has been on everyone's lips for what seems like years now. There’s often talk of it turning into a recession, although so far, most countries have avoided ...Published: 08 Nov 2023 at 14:17hrs | 18 | by Staff reporter
'Mnangagwa being lied to by his ministers'
Gift Mugano, an economist and government critic, criticized President Emmerson Mnangagwa's administration, suggesting that his ministers were providing misleading information about the state of the ec...Published: 09 Oct 2023 at 06:14hrs | | by Staff reporter
Zimbabwean multimillionaire changing lives in the UK
AS the elections in Zimbabwe approach, I am speaking with one of the millions from that country in greener pastures far from home.Despite the enduring difficulties of her homeland, Guernsey-ba...Published: 31 Jul 2023 at 06:51hrs | 12 | by Staff reporter
It's time for a new Zimbabwe currency
ZIMBABWE'S official month-on-month inflation figure for May was reported at 75,4% (CPI), by the Zimbabwe National Statistics Agency (ZimStats).The annual inflationary pressures for...Published: 08 Jul 2023 at 09:57hrs | 9 | by Kevin Tutani
Putin and the Wagner mutiny
"The truth is rarely pure and never simple"Oscar Wilde, The Importance of Being Earnest (1895)On 23rd June 2023 the Western media became delirious with joy when the heard that there was a ...Published: 02 Jul 2023 at 15:39hrs | 11 | by Ian Beddowes
'Zimdollar will never die'
ZIMNAT Asset Management says the Zimbabwe dollar, which has lost 99% of its value since it was reintroduced in 2019, will not collapse, but rather get relegated to low value transactions.At th...Published: 21 Jun 2023 at 06:24hrs | 2 | by Staff reporter
Dollarisation key at this juncture
THE instability in the country's macroeconomic environment is a serious cause for concern and solutions should be sought as a matter of urgency.Macroeconomics is a branch of economics that stu...Published: 15 Jun 2023 at 06:49hrs | 1 | by Johannes Marisa
Chamisa heading for polls without reforms
ZIMBABWE could be heading for elections without electoral reforms if President Emmerson Mnangagwa proclaims the poll date before finalisation of the Electoral Amendment Bill which is before Parliament...Published: 29 May 2023 at 06:40hrs | | by Staff reporter
Zimbabwe power generation has improved
GOVERNMENT has revealed that the bilateral talks between Zimbabwe and Zambia have resulted in the Zambezi River Authority (ZRA) allocating more water to Zimbabwe to enable the country to generate more...Published: 02 May 2023 at 09:00hrs | 7 | by Staff reporter
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 | 5 | by Staff Reporter
The creation of absolute poverty and suffering in post-colonial Zimbabwe
THERE is little doubt that the advent of Zimbabwe's independence in 1980 has paradoxically generated a new debate on the notion of freedom and justice, particularly from philosophical perspectives....Published: 05 Mar 2023 at 13:51hrs | | by Dr Admore Tshuma
A random 10 political questions that will make 2023 an uncertain year
As the euphoria of the New Year begin to fed away, we have to wait to see whether it's clear that the trends we have been seeing over the last few decades show no signs of slowing down. You might say ...Published: 04 Jan 2023 at 01:08hrs | 1 | by Farai Chirimumimba
Reserve Bank of Zimbabwe keeps bank rate at 200%
THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has h...Published: 06 Dec 2022 at 04:58hrs | 1 | by Staff reporter
Eskom has to cut off Zimbabwe or 'SA's grid will collapse'
Although South Africa is well-known for its "humanitarian approach" towards Zimbabwe, according to experts and Eskom, Zimbabwe is now on its own following its electricity shortages which are set ...Published: 29 Nov 2022 at 05:27hrs | 1 | by Staff reporter
Mthuli Ncube raises VAT, restores duty on basics
Finance minister Mthuli Ncube unveiled his 2023 budget on Thursday, raising value added tax (VAT) in a move the main opposition Citizens Coalition for Change (CCC) described as "an attack on working p...Published: 25 Nov 2022 at 05:21hrs | | by Staff reporter
Mthuli Ncube pampers security sector
THE security sector, which includes the Office of the President and Cabinet (OPC), Defence and War Veterans Affairs and the Home Affairs ministries were some of the departments that got the largest ch...Published: 25 Nov 2022 at 05:15hrs | 1 | by Staff reporter
ZIPRA demands inclusion in Mnangagwa's Gukurahundi resolution initiative
FORMER ZIPRA cadres have demanded to be part of the Gukurahundi resolution stakeholders, warning that any efforts to resolve the longstanding conflict without them and ZAPU members will not yield the ...Published: 08 Nov 2022 at 05:15hrs | | by Staff reporter
Sanctions illusion as Sadc babysits Zimbabwe
Last week was full of the usual drama with several marches and gatherings condemning the West and calling for it to lift sanctions. This comes after the Southern African Development Community (Sadc) d...Published: 31 Oct 2022 at 04:54hrs | 2 | by Tapiwa Gomo
Musk 'frees' the bird
Elon Musk became Twitter Inc's owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platf...Published: 29 Oct 2022 at 20:51hrs | 1 | by Staff reporter
Zimbabwe sliding into dictatorship - report
ZIMBABWE is among 20 countries whose citizens are increasingly living under authoritarian rule, according to the latest 2022 World Justice Project (WJP) Rule of Law Index.The report says lack ...Published: 27 Oct 2022 at 06:18hrs | 11 | by Staff reporter
Zimbabwe inflation drops to 269%
ZIMBABWE'S annual inflation rate dropped to 268,8% this month, as a series of novel measures including putting a stop to payments to most government contractors take effect.According to latest...Published: 26 Oct 2022 at 05:56hrs | | by Staff reporter
Kenya linked Rishi Sunak to become UK prime minister
Rishi Sunak will become Britain's next prime minister after he won the race on Monday to lead the Conservative Party, tasked with steering a deeply divided country through an economic downturn set to ...Published: 24 Oct 2022 at 17:56hrs | 1 | by Staff reporter
Liz Truss resigns, 6 weeks after becoming UK Prime Minister
Liz Truss said on Thursday she was resigning as British prime minister just six weeks after she was appointed, brought down by an economic programme that sent shockwaves through financial markets last...Published: 20 Oct 2022 at 21:08hrs | | by Staff reporter
Makandiwa should trade his robes and enter the political field
Zimbabwe is a free and democratic country where one can turn into politics and leave whatever they would be doing.I used to follow Prophet Emmanuel Makandiwa when he was still a junior pastor ...Published: 04 Oct 2022 at 17:42hrs | | by Leonard Koni
Makandiwa, preaching heresy
I USED to follow United Family International Church leader Emmanuel Makandiwa when he was still a junior pastor with Apostolic Faith Mission in Zimbabwe until he left the church and formed his own ent...Published: 04 Oct 2022 at 06:11hrs | 4 | by Leonard Koni
Zimbabwe 'does not want bully partners'
Zimbabwe does not want development partners that impose their ideas, but those that complement its efforts in uplifting the livelihoods of people, Lands, Agriculture, Fisheries, Water and Rural Develo...Published: 29 Sep 2022 at 05:54hrs | | by Staff reporter
UK has new PM, 8th since 1980, Truss too will be booted out if she fail - Zim on 2nd, both way, way past 'use-by date'
The British people have a new Prime Minister, the 8th one since 1980! Liz Truss 2022 - present ...Published: 07 Sep 2022 at 10:11hrs | 9 | by Patrick Guramatunhu
Top economists dismisse Biti over Duplum Rule effect on Zimbabwe's 200% interest interests
TOP economists have dismissed concerns by former finance minister, Tendai Biti, on the applicability of the in Duplum Rule in respect of hiked interest rates in Zimbabwe, saying that the principle is ...Published: 25 Aug 2022 at 06:42hrs | 8 | by Staff reporter
Investors talk up Zimbabwe gold coins
Mosi-oa-Tunya gold coins, which were released into the market by the Reserve Bank of Zimbabwe (RBZ) on July 25, are an alternative investment option to US dollars, stocks and the property market, and ...Published: 07 Aug 2022 at 08:17hrs | | by Staff reporter
Zimbabwe misses out on G7 stimulus package
ZIMBABWE missed out on a G7-backed multi-billion-dollar stimulus package designed to help countries of the global South weather economic shocks caused by the Covid-19 pandemic.The reason for t...Published: 25 Jul 2022 at 07:57hrs | | by Staff reporter
Zimbabwe gold coins to be held for at least 180 days
Individuals and institutional buyers of Reserve Bank of Zimbabwe (RBZ's) gold coins will be required to hold them for at least 180 days before selling while exporters earning less than a million US do...Published: 20 Jul 2022 at 06:34hrs | 14 | by Staff reporter
Zimbabwe's inflation back above 100%
Zimbabwe's annual inflation jumped to 131 percent in May – the highest it has been since June last year – as it responds to the massive devaluation of the local currency and runaway price increase...Published: 25 May 2022 at 17:22hrs | 4 | by Staff reporter
Despotic leaders to blame for Africa's economic morass
ON May 25, Zimbabwe joins the rest of the African continent in marking the 59th anniversary of Africa Day.The day has tremendous significance for Africans and was set aside to commemorate the ...Published: 23 May 2022 at 06:40hrs | | by Cuthbert Mavheko
Biden 's approval rating sinks - poll
US President Joe Biden's approval rating sank to 38% in a CNBC poll released on Thursday, down from 46% in December. Respondents rated Biden poorly on his handling of the economy and the conflict in U...Published: 14 Apr 2022 at 20:36hrs | 8 | by Staff reporter
World Bank and the IMF have remained largely colonial in character to this day
Most people assume that inequality between the global South and the global North (the United States, Western Europe, Japan, Canada and Australia) has been declining over the past few decades. After al...Published: 13 Apr 2022 at 07:43hrs | 9 | by Professor Jason Hickel
Failure to compensate white farmers will result in Zimbabwe debt ballooning; IMF warns
ZIIMBABWE's failure to compensate white former farmers as per agreement will result in the country's public debt bulging, the International Monetary Fund (IMF) has warned.The Bretton woods ins...Published: 11 Apr 2022 at 07:56hrs | | by Staff reporter
Zimbabwe debt burden to worsen, claims IMF
THE International Monetary Fund (IMF) has warned that Zimbabwe's debt burden will worsen considerably due to the country's inability to compensate its displaced white former farmers, and the Reserve B...Published: 11 Apr 2022 at 06:34hrs | | by Staff reporter
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