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Zera blitz nets 300 smuggled LPG cylinders
THE Zimbabwe Energy Regulatory Authority (Zera) has seized 300 smuggled liquefied petroleum gas (LPG) cylinders from South Africa and Botswana for failure to conform to set local standards.The...Published: 07 Nov 2024 at 07:04hrs | 1045 | by Staff reporter
Zanu-PF rubbishes Ian Khama's electoral accusations
The ruling Zanu-PF party has firmly dismissed accusations from former Botswana President Ian Khama, who alleged that the party interfered in electoral processes across the region to support fellow rul...Published: 23 Oct 2024 at 11:31hrs | 688 | by Staff reporter
Mnangagwa lauds exports surge
President Emmerson Mnangagwa has commended Zimbabwe's productive sector for its significant role in driving exports of goods and services, calling it a vital catalyst for the country's industrialisati...Published: 18 Oct 2024 at 08:39hrs | 64 | by Staff reporter
Mnangagwa frets over resurgent black market
In his State of the Nation Address (SONA) delivered during the official opening of the second session of the 10th Parliament in Mt Hampden, President Emmerson Mnangagwa expressed deep concern over the...Published: 03 Oct 2024 at 08:58hrs | 610 | by Staff reporter
RBZ raises bank policy rate to 35%
The Reserve Bank of Zimbabwe (RBZ) has announced significant measures to tackle resurgent exchange rate volatility and mitigate inflationary pressures. Effective immediately, the bank policy rate has ...Published: 27 Sep 2024 at 15:29hrs | 1310 | by Staff reporter
Treble boost for Bosso
Highlanders will be bolstered by the return of Godfrey Makaruse and Never Rauzhi for their much-anticipated Castle Lager Premier Soccer League (PSL) second-leg clash against a resurgent CAPS United at...Published: 13 Sep 2024 at 08:00hrs | 119 | by Staff reporter
Mnangagwa begins annual leave
AFTER a hectic year where he commissioned more than 30 projects, campaigned and won an election resoundingly, President Mnangagwa is now officially on a month-long leave which he will spend in the cou...Published: 22 Dec 2023 at 06:57hrs | 7 | by Staff reporter
Tendai Biti, Welshman Ncube removed from vital CCC WhatsApp group
In a surprising turn of events, Nelson Chamisa, one of the leaders of the Citizens for Change Coalition (CCC), has raised eyebrows by instructing the removal of his long-time allies, Tendai Biti and W...Published: 14 Dec 2023 at 18:25hrs | | by Dereck Goto
Govt, stakeholders urged to accelerate water and sanitation programmes
GOVERNMENT and stakeholders have been implored to accelerate change in tackling the worsening sanitation crisis in the country to arrest the outbreak of cholera and other waterborne diseases.T...Published: 06 Dec 2023 at 16:17hrs | 13 | by Stephen Jakes
Mthuli Ncube on cliff edge as hospitals crumble
The Community Working Group on Health (CWGH) has urged Finance and Investment Promotion Minister Mthuli Ncube to adhere to a regional agreement requiring governments to allocate 15% of their budgets t...Published: 03 Nov 2023 at 14:54hrs | 8 | by Staff reporter
Bosso to face CAPS without Ariel
Highlanders are facing the likelihood of playing without their injured star goalkeeper, Ariel Sibanda, for the first time this season as they prepare to take on struggling CAPS United in a Chibuku Sup...Published: 28 Sep 2023 at 06:12hrs | 1 | by Staff reporter
Chamisa launches 'life or death' election campaign
CITIZENS Coalition for Change (CCC) President Nelson Chamisa has said Zimbabwe's August 23 elections are a matter of life or death, highlighting the country's poor economic state as an example....Published: 17 Jul 2023 at 07:05hrs | 1 | by Staff reporter
Mnangagwa claims the resurgent skyrocketing inflation is a calculated political attack
Zimbabwean President Emmerson Mnangagwa claims the resurgent skyrocketing inflation - which has seen the country plunge into a third hyperinflation wave in 15 years - is a calculated political attack ...Published: 14 Jun 2023 at 09:08hrs | | by Staff reporter
Zimdollar rescue mission too late
THE surprise move by Zimbabwe's fiscal and monetary authorities to liberalise the foreign exchange policy after months of shillyshallying amid a fixed rate could be a case of closing the stable door a...Published: 12 Jun 2023 at 06:45hrs | 2 | by Staff reporter
MPs summon Mthuli Ncube
MEMBERS of Parliament (MPs) have demanded — again — that Finance minister Mthuli Ncube avail himself to the National Assembly to deal with the fast-deteriorating economic situation and answer ques...Published: 12 Jun 2023 at 06:45hrs | 1 | by Staff reporter
Mthuli Ncube's import duty waiver on basic goods praised
ZIMBABWEANS have applauded the Government for lifting all restrictions on the import of basic commodities to boost market supplies and granting a 100 percent retention of domestic foreign currency ear...Published: 06 Jun 2023 at 06:17hrs | | by Staff reporter
Banks scale back Zimbabwe dollar lending
BANKS have significantly reduced lending in the local currency ever since monetary authorities hiked interest rates last year to prevent rent-seeking behaviour by individuals and corporates, Reserve B...Published: 04 Jun 2023 at 08:29hrs | | by Staff reporter
Mealie-meal shortage hits Zimbabwe?
ILLICIT deals involving some unscrupulous suppliers and traders have been blamed for creating artificial shortages of mealie-meal in formal shops while the commodity is being diverted to the streets a...Published: 01 Jun 2023 at 06:42hrs | | by Staff reporter
Chicken Inn ruffle feathers
ZPC Kariba 0 - 3 Chicken Inn CHICKEN Inn coach Prince Matore has demanded consistency from his resurgent team following their latest win, this time over ZPC Kariba in a Castle Lager Premier Soccer...Published: 30 May 2023 at 06:46hrs | 8 | by Staff reporter
Ziyambi stutters as Mliswa demands answers
JUSTICE Minister had to request Parliament for more time to 'investigate and document' how Zimbabwe's vast array of minerals were benefiting ordinary citizens after Independent Norton legislator Temba...Published: 28 May 2023 at 08:12hrs | 7 | by Staff reporter
'Mthuli Ncube sabotaging Mnangagwa re-election bid'
FORMER Tourism minister Walter Mzembi has blamed Mthuli Ncube for failing to tame spiralling prices of basic commodities, which are militating against President Emmerson Mnangagwa's re-election bid fo...Published: 23 May 2023 at 06:47hrs | | by Staff reporter
Forex speculators to face disciplinary action
THE market should expect significant restoration of stability in the pricing of basic goods in response to comprehensive Government measures while disciplinary action will be swiftly meted against bus...Published: 23 May 2023 at 06:34hrs | 1 | by Staff reporter
Zimbabwe central bank confident of price stability
ABOUT $40 billion, some of which could have found its way onto the black market, has been mopped up from the market in less than 10 months through gold coins and gold-backed digital tokens, in a devel...Published: 14 May 2023 at 11:32hrs | | by Staff reportetr
$14 billion gold digital tokens bought so far in Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) has said a total 139 570 982 milligrammes (139,57kg) of gold-backed digital tokens valued at $14 077 billion were bought during the initial sale, which opened on Mon...Published: 13 May 2023 at 18:25hrs | | by Staff reporter
Zimbabwe govt lifts import restrictions on basics
GOVERNMENT has lifted all restrictions on the importation of basic commodities to boost market supplies and granted 100 percent retention of domestic foreign currency earnings, with a further fine-tun...Published: 12 May 2023 at 06:00hrs | | by Staff reporter
Zimbabwe's digital tokens out next month
THE Reserve Bank of Zimbabwe (RBZ) yesterday said it would start issuing gold-backed digital tokens on May 8 as one of its several measures to save the free-falling local currency.In July last...Published: 29 Apr 2023 at 07:52hrs | | by Staff reporter
Africa: Embattling a Continent
When the IMF goes to warSo the International Monetary Fund (IMF) staff has decided to grant Ukraine some whooping USD15,6 billion?Ukraine is at war with Russia.A war funded and...Published: 25 Mar 2023 at 12:59hrs | | by Jamwanda2 on Saturday
Zanu-PF Politburo meets ahead of primary elections
Zanu-PF primary elections are turning into a jamboree of intra-party democracy across the expanse of the land with the Politburo today expected to consider a fit-for-purpose report that will be submit...Published: 20 Mar 2023 at 07:37hrs | | by Staff reporter
Zimbabweans will reject political mannequins
FOR over two decades, some Western administrations have sponsored proxy political entities in Zimbabwe with the primary goal of dislodging ZANU-PF from power. Over two decades of moral, financ...Published: 21 Feb 2023 at 05:51hrs | | by Ranga Mataire
RBZ to issue gold coins on demand
The Reserve Bank of Zimbabwe (RBZ) says it will continue to mint more gold coins provided there is demand from the market, following the bullion coins' positive contribution to efforts aimed at taming...Published: 06 Feb 2023 at 04:51hrs | | by Staff reporter
Writing's on the bright yellow wall
The Bishop is back.What a restful, restorative and therapeutic sabbatical it was!Once in a while, it is quite helpful to extricate ourselves from the maddening rush of our manic lifest...Published: 15 Jan 2023 at 09:38hrs | | by Bishop Lazi
$9bn gold coins sold as individuals join rush
THE Reserve Bank of Zimbabwe (RBZ) says gold coins worth $9 billion have been sold since July this year, with individuals taking a significant chunk of the bullion, while the Monetary Policy Committee...Published: 28 Sep 2022 at 05:55hrs | | by Staff reporter
Zimbabwe's high inflation forecast to plunge to 3%?
ZIMBABWE's month-on-month inflation rate is expected to fall to three percent by year-end while the annual rate is seen dropping below 100 percent on the back of monetary and fiscal interventions the ...Published: 20 Sep 2022 at 06:02hrs | 1 | by Staff reporter
Zimbabwe - SA relations turn frosty in the wake of an immigration crisis
POST-2000, millions of Zimbabweans have migrated to the United Kingdom, Australia or the United States, but estimated millions more have trooped to South Africa in search of greener pastures and safet...Published: 13 Aug 2022 at 07:24hrs | 1 | by Staff reporter
Zimbabwe gold coins start circulating
THE Reserve Bank of Zimbabwe (RBZ) yesterday released the first batch of 2 000 Mosi-oa-Tunya gold coins into the market to provide a store of value alternative to the US dollar in a development expect...Published: 26 Jul 2022 at 06:36hrs | | 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 | 12 | by Staff reporter
Gold coins to be sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) says its planned gold coins, to be introduced as an alternative investment option and inflation hedge on July 25, will be traded in both Zimbabwe dollars and foreign...Published: 05 Jul 2022 at 07:03hrs | | by Staff reporter
Interbank rate now sole legal rate, huge penalties for breaches
The interbank exchange rate has been set as the sole exchange rate to be used in commercial and other transactions and anyone selling goods and services, who uses any other rate faces a minimum civil ...Published: 29 Jun 2022 at 07:42hrs | | by Staff reporter
34,000 new houses for teachers, says Mthuli Ncube
THE government has said it would embark on a highly ambitious project to build 34,000 houses for teachers in the next five years.This comes at a time when teachers and health workers have been...Published: 28 Jun 2022 at 12:16hrs | 1 | by Staff reporter
RBZ to introduce gold coins, hikes interest rates
RESERVE Bank of Zimbabwe (RBZ) says it will be introducing gold coins as part of measures to ensure investors and the general public have alternative means to preserve value, cushioning them from the ...Published: 27 Jun 2022 at 19:05hrs | 8 | by Staff reporter
Govt keeps focus on Zimdollar
Government will not let-up on implementing fiscal and monetary measures to contain resurgent inflation and tame Zimbabwe dollar volatility, Finance and Economic Development Minister Professor Mthuli N...Published: 19 Jun 2022 at 10:04hrs | 6 | by Staff reporter
Mthuli Ncube told his tricks are not working
LEGISLATORS took Finance Minister Professor Mthuli Ncube to task in Parliament Wednesday, challenging him over the government's "failed" NDS-1 economic blue-print and the administration's apparent lac...Published: 16 Jun 2022 at 08:34hrs | 4 | by Staff reporter
CCC craving for Ian Smith and his come-again UDI
Craving for Smith, a Second RhodesiaTHOSE who have read big book know what Spinoza saw clearly as the problem which political philosophy could not crack , a problem which Wilhelm Reich rhetori...Published: 11 Jun 2022 at 09:07hrs | | by Jamwanda
Bosso targets Bulawayo City captain
BULAWAYO City centre-back Vincent Moyo is a prime target for rivals Highlanders and Chicken Inn, who are both targeting him in the transfer window set to open on July 1.The second transfer win...Published: 08 Jun 2022 at 08:59hrs | | by Staff reporter
Mnangagwa says net closing in on economic saboteurs
INVESTIGATIONS are underway to expose the third hand that could be working with some big companies to destabilise the economy, President Mnangagwa has said.This comes as the Government has int...Published: 20 May 2022 at 06:27hrs | 1 | by Staff reporter
Mnangagwa guns for economic hitmen
PRESIDENT Emmerson Mnangagwa's administration has launched a massive clampdown on some big corporates suspected of conniving with local banks to borrow billions of Zimbabwean dollars which they used t...Published: 13 May 2022 at 19:14hrs | | by Staff reporter
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | | by Staff reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for speculative activities.Authorities say the co...Published: 13 May 2022 at 14:50hrs | 4 | by Staff Reporter
Professor Ncube says lending ban to prick the bubble
The ban on bank lending announced by President Mnangagwa at the weekend to ward off attacks on the Zimbabwe dollar, stabilise the exchange rate and rein in on rising inflation, is only a temporary mea...Published: 12 May 2022 at 06:27hrs | 1 | by Staff reporter
'Zimdollar volatility makes no sense'
The Reserve Bank of Zimbabwe (RBZ) believes disproportionate demand for the US dollar and lingering fears of hyperinflation are driving exchange rate volatility, as the country's currency should ordin...Published: 01 May 2022 at 11:05hrs | | by Staff reporter
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