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Zim Parliament barking up wrong tree on auction system
An all too familiar joke that has been doing the rounds ever since Zimbabwe's economy hit turbulence is that every citizen of this country has become an economist of sorts. This places the burden of f...Published: 13 hrs ago | 1470 | by Dr Tim Rainhard
Bulawayo sign board goes viral on social media
A Bulawayo sign board has gone viral on social media. The 'City of Kings' as Bulawayo in known, was once revered as the industrial heart of Zimbabwe and of Southern Africa to a greater extent. B...Published: 15 hrs ago | 14645 | by Staff reporter
UN to assist debt-ridden landlocked countries including Zimbabwe
THE United Nations (UN) says it is committed to finding solutions to assist landlocked developing countries, including Zimbabwe, whose debt crisis has been exacerbated by the coronavirus (Covid-19) pa...Published: 27 Sep 2020 at 17:52hrs | 843 | by Staff reporter
Food crisis worsens in rural Matabeleland
THE food security situation in most parts of Matabeleland has reportedly worsened amid reports that some families are now only surviving on a single meal a day.According to the latest survey b...Published: 30 Aug 2020 at 10:51hrs | 422 | by Staff reporter
Forex auction system has failed, claims Mashakada
THE forex auction system introduced by the Reserve Bank of Zimbabwe in June this year to contain the black market and stabilise the economy has been a major failure and will not achieve targeted resul...Published: 28 Aug 2020 at 19:37hrs | 1514 | by Staff reporter
Forex auction system has failed: Mashakada
THE forex auction system introduced by the Reserve Bank of Zimbabwe in June this year to contain the black market and stabilise the economy has been a major failure and will not achieve targeted resul...Published: 27 Aug 2020 at 07:34hrs | 2680 | by Staff reporter
More USD for Zimbabwe
ZIMBABWEANS living and working abroad sent more than US$374 million back home during the first six months of the year, which represents a 26 percent rise from the US$298 million that was recorded in t...Published: 23 Aug 2020 at 11:11hrs | 1163 | by Staff reporter
Why de-dollarization is an economic tall order
As the Zimbabwean economy regresses back to widespread use of multiple currencies that anchored economic stability from 2009 to 2018, it is worthy assessing why de-dollarization is a tall order for mo...Published: 22 Aug 2020 at 20:07hrs | 1576 | by Victor Bhoroma
Mangudya admits partial dollarisation
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya, pictured, yesterday said the country partly dollarised to allow citizens to use foreign currency they get from their relatives in the diaspora....Published: 21 Aug 2020 at 19:28hrs | 1981 | by Staff reporter
Mangudya goads firms to liquidate forex earnings
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya (pictured) has threatened to blacklist firms which do not liquidate their foreign currency on the forex auction as well as those who purchase the ...Published: 21 Aug 2020 at 07:49hrs | 1393 | by Staff reporter
Communities plunged into vulnerability
The prevailing harsh economic conditions coupled with the devastating impacts of climate change have plunged communities into the doldrums of vulnerability. Habakkuk Trust in its latest ...Published: 19 Aug 2020 at 07:46hrs | 305 | by Stephen Jakes
A passport is a privilege in Zimbabwe
I goT my current passport in 2016, three years after the election that ended the government of National Unity. This was also the year the government introduced bond coins and bond notes, and foreign c...Published: 02 Aug 2020 at 09:29hrs | 807 | by Kudzai Mubaiwa
WFP urgently seeks US$250m for Zimbabwe crisis
With COVID-19 aggravating an already severe hunger crisis in Zimbabwe, the United Nations World Food Programme (WFP) today appealed for an additional US$250 million to support a rapidly expanding emer...Published: 30 Jul 2020 at 10:54hrs | 510 | by Staff reporter
Zimbabweans companies want to trade in Rand
CAPTAINS of industry in Bulawayo have pleaded with the Minister of Finance and Economic Development, Professor Mthuli Ncube, to promote the wide use of the South African rand to complement the multi-f...Published: 26 Jul 2020 at 10:57hrs | 647 | by Staff reporter
'Zimbabwe can finance own development'
ZIMBABWE has enough resources to finance its own development if the right mindsets, as well as institutional and legal frameworks, are put in place, a joint report by organisations that promote socio-...Published: 03 Jul 2020 at 08:28hrs | 2876 | by Staff reporter
CBZ Bank launches Money Transfer Centre
CBZ Bank has launched a money transfer centre to facilitate ease of collection of funds from the diaspora and in line with its vision of being the preferred provider of financial solutions in Zimbabwe...Published: 01 Jul 2020 at 19:16hrs | 4959 | by Staff reporter
RBZ invites all forex holders to use new auction systems
The Reserve Bank of Zimbabwe (RBZ)'s monetary policy committee (MPC) has implored all holders of foreign currency to sell their money through the apex bank's auction market at their preferred prices, ...Published: 01 Jul 2020 at 17:55hrs | 1691 | by Staff reporter
'Zimbabwe's new currency system adequately funded'
Zimbabwe has sufficient foreign currency reserves to sustain the reintroduced foreign currency auction system, the state-run Sunday Mail reported, citing Central Bank Governor John Mangudya.Ma...Published: 28 Jun 2020 at 18:44hrs | 1181 | by Bloomberg
'US$1 billion to back Zimbabwe forex auction'
Local banks have $1 billion in foreign currency accounts (FCAs) while the country has healthy inflows to sustain the newly introduced forex auction system that replaced the interbank with effect from ...Published: 28 Jun 2020 at 07:11hrs | 751 | by Staff reporter
If only RBZ could listen
Reserve bank of Zimbabwe (RBZ), On the 30th of December 2019 I wrote to the governor of (Reserve Bank of Zimbabwe) RBZ, the Ministry of Finance and the government that the growth of a dominating mobil...Published: 27 Jun 2020 at 09:33hrs | 3034 | by Engineer Jacob Kudzayi Mutisi
Pessimism grips forex platform
Business wants more "transparency more than promises" on the foreign currency auction system for the platform to succeed as the parallel market continued unabated yesterday, a day after monetary autho...Published: 25 Jun 2020 at 16:36hrs | 2209 | by Staff reporter
Why it's time for Africa to adopt a regional digital financial identity
According to the World Bank Group's Identification for Development, 1.1 billion people globally, including women, children and refugees, lack any form of officially recognised identification. This is ...Published: 24 Jun 2020 at 19:28hrs | 278 | by Nkosinathi Ncube
Obadiah Moyo produced a box full of cash payment for his $50 000 bail
AMID a worsening cash crisis in Zimbabwe, onlookers were Saturday left dumbstruck after Health Minister Obadiah Moyo produced a box full of cash payment for his $50 000 bail.Ordinary people in...Published: 22 Jun 2020 at 07:54hrs | 1335 | by newzimbabwe
RBZ chief clarifies local currency
FARMERS, gold miners and other producers who have been crying foul over the 1:25 fixed interbank exchange rate have something to smile about as the Reserve Bank of Zimbabwe (RBZ) starts implementing t...Published: 21 Jun 2020 at 11:07hrs | 4499 | by Staff reporter
Goobye interbank rate!…RBZ chief speaks on auction system
FARMERS, gold miners and other producers who have been crying foul over the 1:25 fixed interbank exchange rate have something to smile about as the Reserve Bank of Zimbabwe (RBZ) starts implementing t...Published: 21 Jun 2020 at 08:15hrs | 4443 | by Staff Reporter
'Zimbabwe's US dollar allowance to stimulate economic activity'
GOVERNMENT'S move to pay civil servants a United States dollar allowance may stimulate economic activity in the shortterm, but will expedite re-dollarisation, economic analysts have said.Gover...Published: 19 Jun 2020 at 08:20hrs | 1673 | by Staff reporter
Zimbabwe forex auction system ill-advised: Analysts
GOVERNMENT'S re-introduction of the forex auction system as Zimbabwe effectively re-dollarises could have disastrous consequences because the country does not have adequate sources of foreign currency...Published: 19 Jun 2020 at 08:15hrs | 1385 | by Staff reporter
Zimbabwe forex woes set to deepen, researchers warn
Zimbabwe's foreign currency shortages are set to worsen due to the effects of the Covid-19 pandemic that has reduced exports and slowed down remittances, a leading research firm has warned.IH ...Published: 14 Jun 2020 at 10:10hrs | 519 | by Staff reporter
WorldRemit partners with Mukuru
WorldRemit, the global online money transfer service has announced a partnership with Mukuru, one of Africa's largest remittance providers to broaden options for cash pick up in Zimbabwe. The partners...Published: 09 Jun 2020 at 20:14hrs | 3180 | by Staff reporter
Zimbabwe economy seen rapidly re-dollarising
tHe Covid-19 pandemic will result in a redollarisation of the economy by the fourth quarter of 2020 with year-on-year inflation shooting up to 1 800%, a prominent economist has projected.The e...Published: 05 Jun 2020 at 09:14hrs | 2429 | by Staff reporter
Mthuli Ncube not involved in murky govt payments
FINANCE Minister Mthuli Ncube yesterday absolved himself from the murky procurement of Zupco buses and supply of COVID-19 protective equipment by companies whose owners are linked to President Emmerso...Published: 04 Jun 2020 at 17:29hrs | 1183 | by Staff reporter
Zimbabwe hyperinflation: ZASH the natural alternative
Covid-19 pandemic has been the worst crisis in this century. Many governments in the world are struggling to fight the pandemic which has drastically affected world economies. Global governments respo...Published: 31 May 2020 at 10:09hrs | 1363 | by Sammy ChiyazMan
Catastrophe looms in Zimbabwe, says SA's BusinessDay
As Zimbabwe enters the next phase of its coronavirus-induced lockdown - a partial but indefinite hold on economic activity - fears for the country’s economic future are rising.The economy wa...Published: 28 May 2020 at 20:45hrs | 3609 | by Chris Muronzi I BusinessDay
Weakening Zimdollar wreaks havoc
MARKET forces have caused havoc on the Zimbabwe dollar on the parallel market, with the exchange rate shooting to US$1:$70.Last week, from Monday to Saturday, the US$:Zimdollar rate plunged ne...Published: 25 May 2020 at 08:02hrs | 2242 | by Staff reporter
'Zimbabwe can sustain forex requirements'
The Reserve Bank of Zimbabwe (RBZ) says the country has adequate capacity to meet its monthly foreign currency requirements. According to central bank figures, Zimbabwe requires US$100 million a month...Published: 21 May 2020 at 07:10hrs | 719 | by Staff reporter
Econet reopens shops and service centres countrywide
Econet Wireless has begun reopening its shops following the lifting of some COVID-19 Coronavirus lockdown restrictions. But the company cautioned customers to be patient as it ramps up p...Published: 19 May 2020 at 19:25hrs | 1325 | by Agencies
Lockdown diminishes Remittances, Worsens Elderly People's Poverty
Matabeleland Institute for Human Rights has reported that elderly people from various parts of Bulawayo are reeling in extreme hardships and poverty due to diminished remittances caused by the Covid19...Published: 18 May 2020 at 15:40hrs | 891 | by Stephen Jakes
Liquid propane could supply Zimbabwe with fuel
Gift Chitanda remembers the day in 2019 the Zimbabwe company Intergas Zimbabwe offered him an interview for the lucrative job as the company's chief operating officer.The day before his interv...Published: 16 May 2020 at 09:07hrs | 8857 | by Staff reporter
Plea for omalayitsha to move goods
The Zimbabwe Community in South Africa (Zimcomm SA) has appealed to the Zimbabwean and South African governments to allow cross-border transporters commonly known as Omalayitsha to access the borders ...Published: 13 May 2020 at 15:58hrs | 1470 | by Staff reporter
Cassava unveils Sasai TeamTalk with free calls on Sundays
Cassava Fintech International (CFI), a subsidiary of Econet Global, today released an enhanced voice and video conferencing service that allows up to 20 people on one call.The service, branded...Published: 10 May 2020 at 19:47hrs | 789 | by Staff reporter
Zimbabwe pleads for aid to avert 'collapse' and fight Covid-19
Zimbabwe has pleaded with international institutions to help it clear billions of dollars in debt arrears so the country can avoid economic collapse and unlock funds to fight the coronavirus pandemic....Published: 04 May 2020 at 11:05hrs | 1647 | by James Cotterill I Financial Times
Cash shortages hamper lockdown implementation
ZIMBABWE'S chronic cash shortages are likely to militate against the successful implementation of a national 45-day lockdown imposed by government on March 30, a survey by respected pan-African resear...Published: 04 May 2020 at 08:21hrs | 353 | by Staff reporter
Covid-19 pandemic hits global remittances
THE World Bank has projected a sharp decline in global remittances by 20% in 2020 due to the economic crisis induced by the Covid-19 pandemic and Zimbabwe will not be spared.The projected fall...Published: 30 Apr 2020 at 11:45hrs | 344 | by Staff reporter
MDA calls on all Mthwakazi people to unite in fighting against COVID-19 pandemic
Mthwakazi Democratic Alliance wishes to send its heartfelt condolences to all the victims of covid 19 pandemic. We as a people's party do sympathise with all the families enduring the unplanned and un...Published: 27 Apr 2020 at 19:45hrs | 518 | by Thulani Sibanda
Hunger stalks Matebeleland region
HUNGER has stalked hundreds of families in the Matebeleland region who relied mostly on remittances from migrant workers in South Africa and Botswana after borders were closed due to the coronavirus o...Published: 26 Apr 2020 at 22:29hrs | 1461 | by Staff reporter
Lockdown in SA further choking Zimbabweans as landlords continue to demand rental
The continued lockdown in South Africa is reportedly further choking Zimbabweans as land lords continue to demand rental despite the fact that their employers have since declared no work no pay policy...Published: 26 Apr 2020 at 07:59hrs | 1438 | by Stephen Jakes
'South Africa to deport foreigners en masse'
South Africa might soon implement a policy of mass deportation of illegal foreign immigrants, a senior Zimbabwean journalist Brezhnev Malaba has foretold. Writing on his Twitter account, Malab...Published: 25 Apr 2020 at 12:20hrs | 43232 | by Mandla Ndlovu
A special tribute to Omalayitsha
The unveiled lockdown easing phases appear will be a very long wait. The sentiments by Minister Mboweni must get us quickly thinking about the fate of our people. We can't just wish them away. It appe...Published: 25 Apr 2020 at 10:39hrs | 4582 | by Michael Mdladla Ndiweni
Respect foreign-based returnees
THE shoddy manner in which the government has treated some returning residents who are now under mandatory Covid-19 quarantine has left a sour taste in the mouth.This has been worsened by the ...Published: 24 Apr 2020 at 08:50hrs | 463 | by Staff reporter
Triple threat of COVID-19, food shortages and economic crisis
Some restrictions of an initial 21-day lockdown that began last month, and was later extended by two more weeks, to contain the spread of CoVID-19 are being eased as the government tries to offset the...Published: 24 Apr 2020 at 08:35hrs | 121 | by The New Humanitarian
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