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Choppies commits to Zimbabwe market
Botswana Stock Exchange (BSE)-listed supermarket group Choppies says while it has divested from loss-making markets, it remains committed to managed expansion in Zimbabwe and two other countries....Published: 14 Jan 2022 at 05:16hrs | 223 | by Staff reporter
Mangudya ranked worst performing central bank governor in Africa
The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories, including the European Union, the Eastern Carib...Published: 12 Jan 2022 at 05:13hrs | 5051 | by Staff reporter
'Zimbabwe sliding back to 2008 crisis'
ZIMBABWE is in economic and political crises which are threatening peace, particularly ahead of the 2023 elections.Observers say corruption and looting of public resources have reached alarmin...Published: 10 Jan 2022 at 06:02hrs | 3698 | by Staff reporter
Mnangagwa says 2022 a year of growth
ZIMBABWE's economic trajectory will this year transition from recovery to growth on the back of a hugely prosperous 2021 in which the Government funded a number of national development projects despit...Published: 02 Jan 2022 at 09:08hrs | 216 | by Staff reporter
Mnangagwa says Zimbabweans must remain optimistic, full of hope
We publish here the full text of the New Year message delivered by the President and Commander-in-chief of the Zimbabwe Defence Forces, His Excellency President E.D MnangagwaGood evening fello...Published: 01 Jan 2022 at 13:51hrs | 190 | by Staff reporter
Chamisa's MDC promises US$100bn economy
THE MDC Alliance has said if voted into power in 2023, it will transform Zimbabwe's ailing economy into a US$100 billion economy.This was said on Saturday by the party's secretary for policy d...Published: 20 Dec 2021 at 05:50hrs | 1811 | by Staff reporter
'Zanu-PF scared of diaspora vote'
THE opposition MDC Alliance has claimed that the ruling Zanu-PF party is scared of the diaspora vote as it could be a game changer in the country's 2023 elections, hence the decision to keep them out ...Published: 14 Dec 2021 at 05:53hrs | 635 | by Staff reporter
NetOne launches local forex remittance platform
State owned mobile network operator NetOne has launched a money transfer service, OneMoney Remit, which will enable locals to send foreign currency across the country.OneMoney Remit was launch...Published: 30 Nov 2021 at 05:30hrs | 24 | by Staff reporter
Looming SA deportations a wake-up call to Zimbabwe
THE decision by South Africa this week to stop extending the Special Zimbabweans Exemption Permits (ZEP) that first came into force in 2017, was inevitable as President Cyril Ramaphosa's government ha...Published: 29 Nov 2021 at 05:36hrs | 4 | by Staff reporter
NetOne launches domestic remittance service
State-owned telecommunications service provider, NetOne, has launched OneMoney Remit, a domestic remittance service that is expected to contribute to Government's financial inclusion drive.Acc...Published: 28 Nov 2021 at 07:44hrs | | by Staff reporter
Pegged exchange rate unsustainable
Zimbabwe's export receipts for the first 9 months of 2021 jumped 38% to US$6.10 billion from US$4.43 billion realized in the same period in 2020. Notable improvements have been realized in internation...Published: 24 Nov 2021 at 10:37hrs | 2 | by Victor Bhoroma
'Zimbabwe's economic fundamentals are strong'
THE economy is on a growth trajectory with Gross Domestic Product (GDP) projected to grow by 7,8 percent in 2021, attributed to a favourable rainfall season, higher international mineral commodity pri...Published: 14 Nov 2021 at 05:38hrs | 1 | by Professor Mthuli Ncube
RBZ decries divided politics
RESERVE Bank of Zimbabwe (RBZ) has bemoaned polarisation and the negative impact of social media for derailing the central bank's efforts to stabilise the exchange rate.Addressing senior army ...Published: 08 Nov 2021 at 05:22hrs | | by Staff reporter
Zimbabwe forex inflows to hit record high
ZIMBABWE'S foreign currency earnings are poised to hit record high since 2010, spurred by mineral exports and diaspora remittances, the Reserve Bank of Zimbabwe (RBZ)said.As of October 2021, t...Published: 05 Nov 2021 at 06:37hrs | 1 | by Staff reporter
Positive growth visible, says Mthuli
The economy is on a robust growth and development trajectory, with major sectors performing above projected levels despite the existence of a number of problems affecting the economic activity, Financ...Published: 29 Oct 2021 at 08:07hrs | 12 | by Staff Reporter
'We will never tire until we are free from sanctions'
This is an interview done by The Daily newspaper of Nigeria with Zimbabwe's Ambassador to Nigeria, Maxwell Ranga , who is also accredited to Cameroon, Niger, Benin and Equatorial Guinea, on the SADC A...Published: 26 Oct 2021 at 05:37hrs | | by Staff reporter
Denying that there sanctions against Zimbabwe now a discredited position
All is primed for the observation of the Anti-Sanctions Solidarity Day which was declared by Southern African Development Community (SADC) leaders to take place every 25 October.The day this y...Published: 22 Oct 2021 at 05:26hrs | | by Lovemore Chikova
EcoCash shrugs headwinds to posts solid results
EcoCash Holdings Zimbabwe Limited, formerly Cassava Smartech Zimbabwe Limited, reported solid operating results for the year ended February 28, 2021, despite strong economic headwinds in the country d...Published: 19 Oct 2021 at 05:31hrs | | by Staff reporter
Major boost for NRZ
A new fleet of locomotives, wagons and coaches should be equipping the National Railways of Zimbabwe (NRZ) by year end with the new dispensation making major strides in revamping the almost collapsed ...Published: 18 Oct 2021 at 05:26hrs | | by Staff reporter
Mthuli Ncube sees potential for 'diaspora remittances' via Blockchain
ZIMBABWE'S central bank frowns at digital currency and previously ordered all banks to stop processing transactions involving digital currencies, such as BTC and other altcoins in 2017.They te...Published: 17 Oct 2021 at 08:11hrs | 1 | by Agencies
Mthuli Ncube signals soft stance towards crypto-currencies
Zimbabwe is ready to soften its stance on crypto-currencies, judging by Finance and Economic Development Minister Professor Mthuli Ncube's remarks this week, that he intends to develop a framework and...Published: 15 Oct 2021 at 05:18hrs | | by Staff reporter
Top economist warns of Zimbabwe dollarisation
ZIMBABWE is expected to dollarise its economy because of the collapse of the local currency and the failure of its auction system to stabilise the exchange rate, renowned scholar and economist Gift Mu...Published: 11 Oct 2021 at 05:00hrs | 1 | by Staff reporter
Zimbabwe works on national migration policy
ZIMBABWE is working on finalising the National Migration Policy, whose implementation is expected to contribute to the country's economic development agenda.Representatives of various ministri...Published: 10 Oct 2021 at 05:32hrs | | by Staff reporter
Sustainable reforms now key to foreign exchange market
The Reserve Bank of Zimbabwe (RBZ) recently announced that it is on course to clear the backlog of foreign exchange auction allotments which date back to as far as three months and amounting to about ...Published: 08 Oct 2021 at 18:03hrs | | by Victor Bhoroma
Zimdollar market correction
A MAJOR highlight of this week's auction is the magnitude of currency depreciation. The Zimbabwean dollar (Zimdollar) weakened by the highest weekly margin since the beginning of the year, a strong si...Published: 08 Oct 2021 at 18:03hrs | | by Respect Gwenzi
'US$500m changing hands outside banks'
ABOUT US$500 million could be circulating outside Zimbabwe's banking system, Reserve Bank of Zimbabwe (RBZ) estimates showed last week, as industries said they had raised only a fraction of billions r...Published: 08 Oct 2021 at 18:03hrs | 8 | by Staff reporter
Govt ups forex black market fight
GOVERNMENT is implementing a raft of additional measures to curb the illegal trading of forex and the benchmarking of prices using the parallel market rates, Finance and Economic Development Minister ...Published: 08 Oct 2021 at 05:26hrs | | by Staff reporter
3 must-know benefits of decentralized finance (Defi)
The most intriguing use cases for blockchain have always been in financial services. From digital purchases and remittances to cryptocurrency storage and trading, blockchain has been challenging tradi...Published: 08 Oct 2021 at 05:21hrs | | by Staff writer
Eddie Cross says 'not unhappy' with black market foreign currency exchange
For a year, Eddie Cross sat on the Reserve Bank of Zimbabwe's Monetary Policy Committee, before he was fired for being too outspoken. In a recent interview with TechZim, he reveals why he is "...Published: 07 Oct 2021 at 17:21hrs | 1 | by Staff reporter
'COVID-19 has paralysed Zimbabwe'
SPEAKER of the National Assembly Jacob Mudenda yesterday said the effects of the COVID-19 pandemic had paralysed the economy and increased the country's domestic and international debt burden....Published: 07 Oct 2021 at 06:03hrs | | by Staff reporter
'Diaspora population could boost Zimbabwe economy'
International Organisation for Migration (IOM) chief of mission Mario Lito Malanca yesterday said Zimbabwe's growing diaspora population could present economic opportunities for the southern African c...Published: 06 Oct 2021 at 04:49hrs | | by Staff reporter
Top lawyer appointed Zanu-PF chairman for South Africa's Sandton branch
Top Zimbabwean lawyer practising in South Africa Advocate Simba Chitando has bagged an influential position after he was appointed as the new Chairman for the Zanu-PF Sandton Branch.Sandton is...Published: 03 Oct 2021 at 07:38hrs | 30 | by Staff reporter
Authorities unleash sweeping crackdown on forex market
IN a renewed bid to contain the runaway foreign exchange rate - now trading at double the official rate around US$1: ZW$170 - the government has launched a fierce crackdown on currency traders in a mu...Published: 03 Oct 2021 at 07:19hrs | 4 | by Staff reporter
Currency crisis alarms Zimbabwe business
BUSINESS has expressed alarm over the free- falling Zimbabwe dollar, warning that the foreign currency crisis could plunge the economy into a deeper crisis.The gap has been widening between th...Published: 03 Oct 2021 at 07:16hrs | | by Staff reporter
Inkotha sihlangu, uMqeqenshi uMthuli Ncube uthi uMnangagwa yiNkosi yakhe!
I have always thought bootlicking is done by people with little or without education at all. To see a professor who has served in highest international institutions such as London School of Economic a...Published: 01 Oct 2021 at 19:04hrs | 9 | by Nomazulu Thata
RBZ takes forex rate war to the streets
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the apex bank will continue its crackdown against black market kingpins to rid the market of delinquent behaviour.In an interview wit...Published: 01 Oct 2021 at 07:05hrs | 1 | by Staff reporter
Zimbabwe set for US$1,1 billion current account surplus
ZIMBABWE's current account is projected to register a stronger surplus position of about US$1, 091 billion this year, higher than the initial projection of US$611,5 million, the Reserve Bank of Zimbab...Published: 01 Oct 2021 at 06:52hrs | | by Staff reporter
Cassava Smartech Zimbabwe, now trading as EcoCash Holdings Zimbabwe, in strong showing at ZITF
BULAWAYO - Diversified fintech giant Cassava Smartech Zimbabwe Limited, which is now rebranding as EcoCash Holdings Zimbabwe Limited, is exhibiting at this year's Zimbabwe International Trade Fair (ZI...Published: 21 Sep 2021 at 17:56hrs | 8 | by Agencies
‘Zanu-PF fears diaspora vote could push it out of power'
ZIMBABWEANS in the diaspora yesterday challenged the ruling Zanu-PF party to allow them to vote in the 2023 elections, saying denying them their right exposes the ruling party's fear of losing polls....Published: 16 Sep 2021 at 05:04hrs | 4 | by Staff reporter
'Zimbabwe food security remains low,' says USAid
THE United States Agency for International Development (USAid) food security arm, Famine Early Warning Systems Network (Fewsnet) says household food stocks are beginning to run low as the surging cost...Published: 14 Sep 2021 at 05:13hrs | | by Staff reporter
Zimbabwe prices near regional parity
PRICES of basic commodities in Zimbabwe are approaching parity with those in neighbouring South Africa and other parts of the region, with some goods actually now priced lower on the domestic market, ...Published: 14 Sep 2021 at 05:00hrs | | by Staff reporter
Anti-Mnangagwa demo planned
ZIMBABWEANS in the USA and Canada say they will this weekend demonstrate against President Emmerson Mnangagwa at the United Nations headquarters in New York over human rights abuses and denial of thei...Published: 13 Sep 2021 at 18:43hrs | 1 | by Staff reporter
Zimbabweans to launch music distribution platform
JACARANDA Media Group is set to launch an on demand digital music distribution service for both local and continental artistes at the end of this month.With the platform, artistes and record l...Published: 13 Sep 2021 at 05:08hrs | | by Staff reporter
Calls for diaspora vote grow louder
MYRIGHT2VOTE, a Zimbabwean group led by the dethroned Ntabazinduna Chief Nhlanhlayamangwe Ndiweni, has added its voice to growing calls for the government to permit diaspora vote.The organisat...Published: 10 Sep 2021 at 06:36hrs | 1 | by Staff reporter
Zimbabwe foreign currency receipts jump to US$5bn
ZIMBABWE'S foreign currency receipts have risen by 32 percent to US$5,09 billion in the last eight months against US$3,85 billion received in the corresponding period last year. The bulk of th...Published: 09 Sep 2021 at 05:11hrs | 1 | by Staff reporter
Stanbic maintains steady performance in first half
Stanbic Bank has transcended the macroeconomic challenges bedeviling the country to post an inflation adjusted profit after tax of ZWL 1.2 billion for the half year to June 2021.The Standard B...Published: 26 Aug 2021 at 07:26hrs | 1 | by Staff reporter
Supermarkets doomed after $120bn snub
SEVERAL measures being deployed by government to rebuild the economy may be doomed unless they are twinned with policies that boost spending power, the Confederation of Zimbabwe Retailers (CZR) said, ...Published: 19 Aug 2021 at 05:33hrs | | by Staff reporter
Zimbabwe's lithium project gathers momentum
The Arcadia Lithium Project (ALP) - which was commissioned early this year - has begun shipments of technical grade bulk samples for product qualification to offtake partners in Europe as the project ...Published: 13 Aug 2021 at 18:10hrs | | by Business reporter
Omalayitsha appeal for Government support
Informal cross-border transporters, popularly known as omalayitsha, are appealing for Government support in growing their business and enhancing their contribution to the economy. For many years, the ...Published: 12 Aug 2021 at 05:39hrs | | by Staff reporter
Inflation pressures have dissipated, claims Mangudya
THE country's success in taming inflationary pressures has created a conducive fiscal and monetary environment essential to support the ambitious 7,8 percent economic growth target this year, Reserve ...Published: 07 Aug 2021 at 06:03hrs | | by Staff reporter
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