Search / Retool
Zimbabwe power outages to ease as Hwange Unit 7 returns to operation
The Zimbabwean government has assured citizens that severe power outages affecting the country will ease this weekend as Hwange Unit 7, recently down for maintenance, is set to resume operation. The u...Published: 01 Nov 2024 at 06:32hrs | 372 | by Staff reporter
Barak Obama is out of touch about Kamala!
Brother Obama, president (2008-2016) is himself the cause for the decline of support among blacks for the Democratic Party.The entry of former president Barak Obama into the fray on behalf of ...Published: 20 Oct 2024 at 14:03hrs | 171 | by Kenneth Mufuka
Ministry advocates for skills audit, accreditation for Mbare Siyaso
The Ministry of Skills Audit and Development has expressed it's quest to audit, accredit and create a database for some unregistered skilled operators wit...Published: 10 Jul 2024 at 00:29hrs | 31 | by Gideon Madzikatidze/Simbarashe Sithole
Mnangagwa says Zimbabweans must not be shy to make money
Zimbabweans should not hesitate to make money, as the government has created a conducive environment for economic success, President Emmerson Mnangagwa stated.Speaking at the commissioning of ...Published: 18 May 2024 at 10:59hrs | 16 | by Staff reporter
Mnangagwa niece's legacy woes haunt ZBC
THE Zimbabwe Broadcasting Corporation (ZBC) is grappling with serious management challenges linked to Helliate Rushwaya - the newly appointed board chair - during her tenure as the acting chief execut...Published: 10 Mar 2024 at 06:51hrs | 11 | by Staff reporter
Zimbabwe foundries engage banks to raise US$15m for retooling
THE Zimbabwe Institute of Foundries (ZIF) this week said it was engaging banks and government to raise uS$15 million for retooling of the existing foundries dotted around the country.Foundries...Published: 25 Feb 2024 at 09:26hrs | 13 | by Staff reporter
Mthuli Ncube to prioritise Zimdollar stability
FURTHER stabilising the Zimbabwe dollar and consolidating economic growth will be prioritised in the 2024 budget, Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube...Published: 12 Nov 2023 at 11:43hrs | 8 | by Staff reporter
Mineral revenue slumps 29%
In the first half of this year, Zimbabwe's mineral revenue experienced a 29% decline, amounting to US$2.6 billion, owing to several challenges, including falling commodity prices, foreign currency sho...Published: 03 Nov 2023 at 05:44hrs | 10 | by Staff reporter
CCC MP candidate to push for laws against deindustrialisation
The Citizens Coalition Candidate for Change (CCC) candidate for Nketa Constituency, Obert Manduna, has a lofty goal to push for laws prohibiting deindustrialisation in Bulawayo once he is in Parliamen...Published: 21 Jul 2023 at 16:27hrs | 3 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 11 | by Martin Majaji
Are Zimbabwe retailers dumping goods on the streets?
Vendors in the country's major cities and towns have literally invaded all strategic points, including verandas of big retail shops, selling a variety of goods including basic commodities in foreign c...Published: 23 May 2023 at 06:41hrs | | by Staff reporter
Mnangagwa disappointed by some members of the business community
PRESIDENT Mnangagwa is disappointed by some members of the business community whose conduct continues to frustrate Government efforts to stabilise the economy and the current wave of price increases o...Published: 23 May 2023 at 06:36hrs | 21 | by Staff reporter
Zimbabwe foundries require US$50m for retooling
The Zimbabwe Institute of Foundries (ZIF) says the sector requires about US$50 million for retooling of the existing foundries dotted around the country.Foundries are facilities that produce m...Published: 21 May 2023 at 08:11hrs | 1 | by Staff reporter
Chamisa's MPs wants Zimbabwe to dump the Zimdollar
GOVERNMENT has defied opposition calls to abandon the local currency despite its spectacular free-fall and price spikes that have seen businesses abandoning it.In Parliament on Wednesday, oppo...Published: 19 May 2023 at 20:45hrs | | by Staff reporter
13 distressed Zimbabwe firms rescued
Testifying to its commitment to tangible deliverables aimed at transforming the livelihoods of the people, the Second Republic, under the stewardship of President Mnangagwa, has resuscitated 13 previo...Published: 11 May 2023 at 05:30hrs | 1 | by Staff reporter
Willowvale to start assembling vehicles in Zimbabwe
WILLOWVALE Motor Industries will in August resume assembling vehicles after a hiatus of more than five years as the subsidiary of the Industrial Development Corporation of Zimbabwe (IDCZ) returns to i...Published: 03 Apr 2023 at 06:20hrs | | by Staff reporter
Zimbabwe manufacturing sector on rebound
The Reserve Bank of Zimbabwe (RBZ) says the country's manufacturing sector is on a massive expansion push after consuming roughly 70% of all foreign currency injected into the economy last year....Published: 02 Apr 2023 at 11:02hrs | | 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 | 4 | by Staff Reporter
Fresh moves to promote use of Zimdollars
GOVERNMENT will enhance tax collections in local currency and maintain interest rates at par with inflation to promote the use of the Zimbabwe dollar in local transactions, Treasury has said.A...Published: 12 Feb 2023 at 07:35hrs | | by Staff reporter
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | | by Victor Bhoroma
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
'Zimbabwe is ready to export medical oxygen'
Zimbabwe is well on its way to becoming one of the biggest exporters of medical oxygen in the region, President Mnangagwa said last week, referring to the increased production at the multi-million-dol...Published: 05 Dec 2022 at 05:07hrs | | by Staff reporter
US$1,5m biscuit plant opens in Bulawayo
AGRO-PROCESSING factory, Flynote Investments Private Limited, has channelled more than US$1,5 million towards the establishment of new biscuit and stockfeed manufacturing units.Flynote Investm...Published: 30 Nov 2022 at 05:03hrs | | by Staff reporter
Zimbabwe miners in urgent plea for forex
THE Chamber of Mines of Zimbabwe says it is engaging authorities to come up with mechanisms that can accommodate the foreign currency requirements for the sector as shortages are weighing down the sec...Published: 24 Nov 2022 at 04:59hrs | 4 | by Staff reporter
Mnangagwa's govt draws down US$311m from IMF kitty
ZIMBABWE has drawn down US$311 million from the US$958 million it was allocated under extra Special Drawing Rights by the International Monetary Fund in August last year, an automatic allocation along...Published: 14 Nov 2022 at 05:09hrs | | by Staff reporter
Obert Mpofu takes bootlicking to another level over re-appointment?
Zanu-PF's secretary for administration Obert Mpofu has taken bootlicking to another level by penning an open letter praising President Emmerson Mnangagwa over his recent reappointment as party leader....Published: 07 Nov 2022 at 05:31hrs | 1 | by Staff reporter
Investors to get Zimbabwean citizenship
Deserving investors will be granted citizenship as part of Government efforts to increase investment, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has said.The S...Published: 04 Nov 2022 at 05:27hrs | | by Staff reporter
Zanu-PF leans on parastatals to fund congress
THE ruling Zanu-PF party has reportedly ordered struggling State-owned parastatals to sponsor its congress this week by buying exhibition space that cost between US$3 000 and US$6 000.State en...Published: 24 Oct 2022 at 06:14hrs | | by Staff reporter
Nzenza speaks on Zisco
Industry and Commerce minister Sekai Nzenza has broken silence on reports that she branded the current ZiscoSteel board as a failure in its quest to secure investment for the parastatal for the past s...Published: 24 Oct 2022 at 06:13hrs | | by Staff reporter
Spare us the sanctions rant, please!
IT should be about time many in government spared us the sanctions narrative, especially when some issues affecting us have absolutely no link with the so-called Western sanctions.In fact, gov...Published: 18 Oct 2022 at 06:02hrs | 1 | by Staff reporter
Ziyambi blames transport woes on sanctions
JUSTICE minister Ziyambi Ziyambi and Local government deputy minister Marian Chombo were grilled by legislators over the continuing Zupco monopoly which they say is exacerbating transport shortages fo...Published: 17 Oct 2022 at 06:12hrs | | by Staff reporter
Chiwenga circumvents Parliament grilling for 6 months
KUWADZANA East legislator Chalton Hwende this week took to task deputy speaker of Parliament Tsitsi Gezi over the continued non-attendance of Vice-President Constantino Chiwenga who doubles as ministe...Published: 16 Oct 2022 at 19:31hrs | 1 | by Staff reporter
Bornfrees4ED calls for the removal of sanctions
BORNFREES4ED, a newly-formed Zanu-PF affiliate whose membership is drawn from young people born after 1980, has joined the fray in calling for the unconditional removal of illegal sanctions imposed on...Published: 12 Oct 2022 at 19:05hrs | 1 | by Staff reporter
Sanctions increase cost of doing business in Zimbabwe
ILLEGAL sanctions imposed on Zimbabwe by the West hamper the free movement of funds across international borders, and therefore can raise the cost of doing business, or at least make investors worry a...Published: 03 Oct 2022 at 06:06hrs | 1 | by Staff reporter
Zanu-PF activates processes ahead of elective congress
Zanu-PF is now geared up for the national elective congress set for next month with all party organs having activated its processes.Speaking at a press conference held in Harare on Tuesday, Za...Published: 22 Sep 2022 at 05:59hrs | 1 | by Staff reporter
Mutsvangwa slams 'blabbermouth' Chamisa
THE ruling Zanu-PF party has accused the opposition Citizens Coalition for Change (CCC) of desperately using every occasion to grandstand, misrepresent facts and blatantly lie about the situation in t...Published: 21 Sep 2022 at 06:08hrs | 1 | by Staff reporter
Concern over reluctance to reduce prices
THE Parliamentary committee on Industry and Commerce has expressed concern over the reluctance by the business sector to reduce prices of goods and services in line with sustained and continued reduct...Published: 16 Sep 2022 at 06:04hrs | 1 | by Staff reporter
Chamisa wants to get rid of the dictator, not the dictatorship
What I am raising is difficult to write but it must be written. Just for the removal of any doubts, dictatorship and all its tenants are evil. It is a vehicle that has been hijacked by ZANU PF, the mi...Published: 25 Aug 2022 at 20:15hrs | 1 | by Sam Wezhira
Zupco leading local bus assembly revival
From being a shining beacon of mass public transport during the early years of independence, Zupco had in recent years mutated into a classic example of a failed State-owned entity.In 1993, it...Published: 14 Aug 2022 at 07:22hrs | | by Staff reporter
Power imports cost Zesa US$17m monthly
THE Zimbabwe Electricity Supply Authority (Zesa) requires US$17 million per month for power importation to augment local supplies which are set to receive a major boost with coming on line of Hwange u...Published: 27 Jul 2022 at 06:27hrs | | by Staff reporter
Zimbabwe roadworks create 11 000 jobs
Fifty-five contractors and nearly 11 000 people have so far been hired countrywide to conduct works under the Emergency Road Rehabilitation Programme 2 (ERRP2), bringing joy to communities along the r...Published: 25 Jul 2022 at 06:27hrs | | by Staff reporter
Bata puts faith on Zimbabwe economy: US$5 million in plant and machinery
BATA Shoe Company Zimbabwe has invested over US$5 million in plant and machinery, in sheer demonstration of confidence in the economy.The company recently installed a polyurethane pouring plan...Published: 24 Jun 2022 at 07:36hrs | 7 | by Staff reporter
European Investment Bank warms up to Zimbabwe
The European Investment Bank (EIB) has availed about €40m to Zimbabwe banks within a year, which will go towards bailing out the country's SMEs and mid-cap companies, in a vote of confidence in the ...Published: 02 Jun 2022 at 09:04hrs | | by Staff reporter
Zimbabwe to draw US$145 million IMF funds
SOME US$145 million from the US$960 million Special Drawing Rights released by the International Monetary Fund last year to cushion member States against the effects of the Covid-19 pandemic will be d...Published: 06 Apr 2022 at 06:24hrs | | by Staff reporter
2 000 farming joint ventures approved
So far 2 000 joint farming ventures covering up to 200 000 hectares have been approved by Government to boost agriculture.Speaking at the first meeting of the Joint Venture and Investment Trus...Published: 06 Apr 2022 at 06:24hrs | | by Staff reporter
'Zimbabwe yet to discover real exchange rate'
Faced by persistent macro – economic instability from parallel market exchange rate volatility, Zimbabwe introduced the foreign currency auction system in June 2020.Authorities were convince...Published: 13 Mar 2022 at 08:00hrs | 1 | by Staff reporter
Zesa faces massive brain drain
ZESA Holdings has revealed that it faces the risk of skills flight as employees seek better paying job opportunities elsewhere, even across the country's borders, a top management official said....Published: 02 Mar 2022 at 05:44hrs | 1 | by Staff reporter
Dynamics of anti-Chinese crusade in Zimbabwe
In recent times, a steady stream of anti-Chinese propaganda in Zimbabwe - driven mostly by Western-sponsored media, civil society and the opposition - has grown into a huge tide.On January 20,...Published: 22 Jan 2022 at 05:21hrs | | by Staff reporter
Zimbabwe firms predict gloom
MORE than three quarters of businesses across various sectors of the economy have said the ease of doing business in Zimbabwe was unfavourable as a result of policy inconsistencies and limited financi...Published: 12 Dec 2021 at 19:14hrs | 5 | by Staff reporter
Economist questions govt use of IMF money
A LEADING economist, Gift Mugano has questioned government's plans to disburse substantial amounts drawn from the nearly US$1 billion special drawing rights (SDR) from the International Monetary Fund ...Published: 02 Dec 2021 at 05:33hrs | 7 | by Staff reporter
Load More Stories
