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Senditoo Partners with Star FM for 'Major' Takeover
Senditoo Co-founder Takwana Tyaranini and his team are taking over several shows on Star FM, after acquiring presentation rights on the popular Zimbabwean radio station.The move is part of the...Published: 11 May 2021 at 18:27hrs | 944 | by Agencies
'Financial distress to persist for Zimbabwe's urban poor'
USAID food security unit, Famine Early Warning Systems Network (FEWS NET), says most urban families in Zimbabwe are expected to remain in financial doldrums due to skyrocketing cost of living....Published: 07 May 2021 at 06:33hrs | 219 | by Staff reporter
Chitungwiza workers give strike notice
THE Chitungwiza Municipal Workers Union (CMWU) has given the council until May 16 to address their poor working conditions or face a crippling strike.In a letter, addressed to acting town cler...Published: 05 May 2021 at 07:19hrs | 341 | by Staff reporter
'Zimbabwe diaspora remittances overtake foreign aid'
Diaspora remittances have overtaken foreign aid, as Zimbabweans abroad sent home over US$1 billion in 2020, the highest ever contribution made to the local economy, Finance and Economic Development Mi...Published: 04 May 2021 at 08:04hrs | 2516 | by Staff reporter
Zimbabweans in the diaspora remitted US$1 billion in 2020
ZIMBABWEANS in the diaspora last year sent home a total of US$1 billion, the highest ever contribution made to the local economy.Addressing journalists in Bulawayo over the last weekend, Finan...Published: 04 May 2021 at 07:38hrs | 722 | by Staff reporter
SMM workers want administrator fired over US$43m salary arrears
SHABANIE and Mashava Mines Holdings (SMM) has accrued a debt of over US$43 million in salary arrears and unremitted pension contributions, it has emerged.This was revealed in an application re...Published: 24 Apr 2021 at 07:10hrs | 303 | by Staff reporter
Covid-19 vaccine to jump-start tourism sector
On January 30, 2020, the Director General of the World Health Organization (WHO) declared the outbreak of the coronavirus disease 2019 (COVID-19) as a Public Health Emergency of International Concern....Published: 23 Apr 2021 at 20:10hrs | 254 | by Tirivanhu Kateera
Unresolved economic issues for 2021
The Zimbabwean economy has experienced a period of relative stability since October 2020, even though multiple reforms have to be implemented to attain sustained economic growth. To a larger extent th...Published: 19 Apr 2021 at 09:05hrs | 644 | by Victor Bhoroma
Zimbabwe poverty reaches alarming levels
ABOUT 1.5 million people living in Zimbabwe's urban centres plunged into alarming penury after their livelihoods were disrupted by the outbreak of Covid-19 and restrictions which were enforced to cont...Published: 17 Apr 2021 at 16:18hrs | 490 | by Staff reporter
Mnangagwa's proposed Patriotic Bill: Whither Zimbabwe at 41?
ACCORDING to the permanent secretary in the Justice, Legal and Parliamentary Affairs ministry Virginia Mabhiza, as quoted in The Sunday Mail on October 4 2020, her ministry drafted principles of a "Pa...Published: 16 Apr 2021 at 07:42hrs | 185 | by Jonathan N Moyo
Ex-RBZ guards back at court
The labour dispute pitting the Reserve Bank of Zimbabwe (RBZ) and security guards it retrenched nine years ago is back at the Labour Court, for the second time in four years, with the former workers d...Published: 13 Apr 2021 at 06:23hrs | 242 | by Staff reporter
Demand for rand disbursements spurs Access Forex
MONEY transfer services firm, Access Forex, says it has positioned itself to expand business in response to overwhelming demand for rand cash disbursements mainly in Matabeleland provinces and parts o...Published: 06 Apr 2021 at 15:41hrs | 1098 | by Staff reporter
'Zimbabwe hurtling towards stagflation'
LAST week the CEO Africa Roundtable (CEOART) gathered some of Zimbabwe's best economists and industrialists to digest economic developments during the first quarter of 2021. What came out of the summi...Published: 04 Apr 2021 at 09:44hrs | 541 | by Staff reporter
'Informal sector is 70% GPD but remitting paltry 1% in taxes' - get nothing from taxing imaginary wealth, common sense
"Shocking evidence of tax leakages hogged the limelight this week, with Finance and Economic Development minister Mthuli Ncube saying the informal sector, which makes up 70% of Zimbabwe's gross domest...Published: 01 Apr 2021 at 21:38hrs | 734 | by Patrick Guramatunhu
Paltry taxes cripple recovery
SHOCKING evidence of tax leakages hogged the limelight this week, with Finance and Economic Development minister Mthuli Ncube saying the informal sector, which makes up 70% of Zimbabwe's gross domesti...Published: 01 Apr 2021 at 07:24hrs | 755 | by Eddie Cross
Paltry taxes cripple recovery
SHOCKING evidence of tax leakages hogged the limelight this week, with Finance and Economic Development minister Mthuli Ncube saying the informal sector, which makes up 70% of Zimbabwe's gross domesti...Published: 01 Apr 2021 at 07:24hrs | 529 | by Eddie Cross
Private sector-led growth
Two years ago, the new Minister of Finance in Zimbabwe, Mthuli Ncube brought together a small group of local business persons in an informal advisory group.I was privileged to be included. our...Published: 01 Apr 2021 at 07:23hrs | 731 | by Eddie Cross
Bulawayo accounts for most child headed families
BULAWAYO has the highest number of child headed families across all urban centres in the country, resulting in wayward behaviour. The Zimbabwe Vulnerability Assessment Committee (ZimVAC) 2020 ...Published: 31 Mar 2021 at 06:32hrs | 511 | by Staff reporter
Chitungwiza wage bill exceeds revenue collection, says Minister
LOCAL Government deputy minister Marian Chombo has told Parliament that poor management of funds and a hefty wage bill were crippling Chitungwiza Municipality service delivery.Chombo said this...Published: 30 Mar 2021 at 06:52hrs | 578 | by Staff reporter
Zimdollar to remain stable
TWO years ago, the new Minister of Finance in Zimbabwe brought together a small group of local business persons in an informal advisory group. I was privileged to be included.Our meetings were...Published: 29 Mar 2021 at 18:10hrs | 591 | by Eddie Cross
LSZ deregisters 'double-dipping' lawyer
FOUNDER and managing partner of Manokore Attorneys DLA Piper Africa Zimbabwe, Lloyd Manokore, has been deregistered by the Law Society of Zimbabwe (LSZ) for unethical conduct after representing two pa...Published: 29 Mar 2021 at 06:28hrs | 1329 | by Staff reporter
Chideme calls it quits at ZUJ
Zimbabwe Union of Journalists (Zuj) president Michael Chideme has indicated that he is hanging his boots and will not contest in the forthcoming congress later this year.Chideme told journalists a...Published: 26 Mar 2021 at 18:24hrs | 434 | by Staff reporter
Zimbabwean diaspora ready to invest back home
Zimbabweans working and living outside their country are willing to invest back home and boost the economy, as long as there is a good environment according to the International Organization for Migra...Published: 22 Mar 2021 at 07:22hrs | 1083 | by Staff reporter
75% of Bulawayo's industrial plants idle
THE battle to reposition Bulawayo as the heartbeat of Zimbabwe's industries appears to be hitting a brick wall.Just when national manufacturing output is reportedly rising, Bulawayo's industri...Published: 21 Mar 2021 at 08:36hrs | 298 | by Staff reporter
Zimbabwe dominates Sadc remittances
ZIMBABWE received the largest remittances in southern Africa, underpinned by high migration of citizens who fled a two decade-long economic crisis, the latest African Development Bank (AfDB) data show...Published: 12 Mar 2021 at 06:46hrs | 799 | by Staff reporter
Zimbabwe still experiencing vehicle number plates shortage
GOVERNMENT has acknowledged that shortage of vehicle number plates countrywide is causing inconveniences to motorists who are sometimes arrested for driving unregistered cars. Transport and In...Published: 12 Mar 2021 at 06:00hrs | 234 | by Staff reporter
NMB Bank's digital innovation disrupts banking landscape
NMB Bank has launched a Virtual Branch on their digital platforms, enabling customers to carry out all cash transactions online, including paperless multi-currency cash deposits and withdrawals, Dstv ...Published: 09 Mar 2021 at 09:45hrs | 1011 | by Staff reporter
RBZ shuts out undisciplined businesses
THE Reserve Bank of Zimbabwe (RBZ) says it is moving in to flush out unscrupulous businesses participating at the weekly Foreign Currency Trading System over their indisciplined behaviour. The...Published: 09 Mar 2021 at 06:20hrs | 931 | by Staff reporter
Zimbabwe's gold loses glitter
Zimbabwe's gold export receipts plummeted 46% to record US$53.1m in January 2021 from US$98.1m during the same month last year due to delays in payments and heavy rains, the Reserve Bank (RBZ) has sai...Published: 05 Mar 2021 at 17:44hrs | 824 | by Staff reporter
Zimbabwe diasporans launch party
A NEW political party formed by Zimbabweans in the diaspora, the Patriotic Zimbabweans (PZ), has proposed a financing strategy to revive the country's deteriorating road, rail, aviation and health and...Published: 04 Mar 2021 at 06:23hrs | 1535 | by Staff reporter
Bank queues a Covid-19 time bomb
BANKS are not adhering to World Health Organisation (WHO) standards and national Covid-19 guidelines as evidenced by their failure to control clients to ensure social distancing. Social distan...Published: 04 Mar 2021 at 06:21hrs | 258 | by Staff reporter
NMB opens Money Transfer and DSTV Centre
It is now possible to experience quick and focused service when collecting money sent from abroad and paying DSTV subscriptions. NMB Bank has opened a centre in Harare's central business district dedi...Published: 03 Mar 2021 at 13:56hrs | 1792 | by Agencies
Foreign direct investment dries up
FOREIGN investment inflows to Zimbabwe last year fell by 23.7% to US$40.06 million compared to the same period in the previous year, with analysts attributing the decline to the outbreak of Covid-19 p...Published: 28 Feb 2021 at 15:33hrs | 1086 | by Staff reporter
'Housing co-ops remitted money into Chombo personal bank account'
SEVERAL housing co-operatives around the country reportedly deposited cash into former Local Government minister Ignatius Chombo's personal bank account instead of remitting the money to the State, a ...Published: 24 Feb 2021 at 21:51hrs | 1258 | by Staff reporter
Chombo caged
FORMER Finance minister Ignatius Chombo was last night detained at Rhodesville Police Station in Harare following his arrest on charges of fraud and criminal abuse of office over illegal parcelling ou...Published: 23 Feb 2021 at 06:53hrs | 5687 | by Staff reporter
Zimbabwe's $50 note imminent
Zimbabwe announced on Thursday that it would shortly introduce a $50 note, while raising cash withdrawal limits to Z$2,000 per day from Z$1,000.The central bank also lifted its main lending ra...Published: 21 Feb 2021 at 22:30hrs | 1671 | by Staff reporter
Zimbabwean banks strike forex auction settlement deal
ZIMBABWE's banking system has agreed to settle funds allocated at the foreign currency auction system within two weeks, central bank governor John Mangudya has said.Introduced in June 2020 to ...Published: 21 Feb 2021 at 07:06hrs | 1266 | by Staff reporter
Zimbabwean expats keep country afloat, remits $1 billion
Diaspora remittances to Zimbabwe jumped a record 58 percent from US$635.7 million to US$1 billion in 2020, the central bank said on Thursday, highlighting the key role played by expatriates in keeping...Published: 19 Feb 2021 at 07:24hrs | 967 | by Staff reporter
RBZ projects inflation fall
THE Reserve Bank of Zimbabwe (RBZ) yesterday forecast annual inflation to plummet to less than 10% this year, driven by a good agricultural season, fiscal and financial sector stability.Zimbab...Published: 19 Feb 2021 at 07:16hrs | 390 | by Staff reporter
Councils, Zupco clash over unpaid fees
The Zimbabwe United Passengers Company (Zupco) has not been remitting fees for the use of designated urban bus terminuses thereby depriving cash-strapped urban councils of revenue.Inquiries in...Published: 19 Feb 2021 at 07:13hrs | 589 | by Staff reporter
The ultimate checklist for the winter adventure of your dreams
Bears sure have it easy. At the very least, they get to hibernate all winter without a worry in the world. After all, sleeping in and doing nothing during cold winter days is a dream for a lot of peop...Published: 17 Feb 2021 at 11:34hrs | 293 | by Staff writer
Mine defies order to remit $152 000 union dues
Rio De Ore Mine in Inyathi, Matabeleland North has defied a court order compelling it to remit outstanding dues amounting to $152 000 deducted from employees' salaries and payable to the National Unio...Published: 16 Feb 2021 at 06:29hrs | 492 | by Staff reporter
Chamisa's supporters stage protest at ZEC offices demanding by-elections
Suspected MDC Alliance youths staged a flash protest outside the Zimbabwe Electoral Commission (ZEC) premises on Friday demanding the holding of by-elections.A few dozen opposition activists p...Published: 13 Feb 2021 at 07:35hrs | 1358 | by Staff reporter
'Diaspora can drive Zimbabwe's economic revival'
Former Common Market for Eastern and Southern Africa (Comesa) business council secretary-general and past president of the Zimbabwe National Chamber of Commerce, Trust Chikohora, has challenged govern...Published: 12 Feb 2021 at 15:52hrs | 258 | by Staff reporter
Pensions scandal rocks CSC
Former managers and ex-board members of the Cold Storage Company (CSC) spirited away millions of dollars from the company's pension fund – magnifying the rot in State owned enterprises and parastata...Published: 12 Feb 2021 at 05:40hrs | 691 | by Staff reporter
Mnangagwa, Chiwenga-linked cartels take over public firms, mines, fuel sector - report
HIGHLY secretive cartels linked to President Emmerson Mnangagwa and Vice President Constantino Chiwenga are reported to have taken over the operations of key state-owned companies, including private f...Published: 10 Feb 2021 at 07:33hrs | 8133 | by Staff reporter
Zimbabwe must embrace 'spirit of optimism and confidence'
IT is my singular honour and privilege to have been invited to address this virtual Africa Reconstruction Global Summit organised by the World Economic Congress.The theme of this conference, Colla...Published: 10 Feb 2021 at 06:16hrs | 190 | by ED Mnangagwa
Zimra surpasses set targets
The country's tax collector, Zimbabwe Revenue Authority (Zimra), says its collections for the three months to December surpassed the revised set targets. Net collections for the period under r...Published: 10 Feb 2021 at 05:26hrs | 139 | by Staff reporter
Fraudsters illegally generate Zesa tokens
POWER utility Zesa could be losing revenue to fraudsters working in cahoots with its employees who are illegally generating electricity tokens and then sell them to the public.Some Zesa employ...Published: 07 Feb 2021 at 06:31hrs | 655 | by Staff reporter
Residents petition council over poor roads
THE Matabeleland Institute for Human Rights (MIHR) has petitioned the Bulawayo City Council (BCC) over the poor state of the city's road network.Motorists have attributed the increased number ...Published: 05 Feb 2021 at 06:42hrs | 180 | by Staff reporter
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