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US foreign policy and the Zimbabwe dollar!
In my life journey, my three years stay in Jamaica was probably the most traumatic and most revealing as to how the imperialists work.I am, therefore, surprised that Mthuli Ncube and his handl...Published: 17 hrs ago | 147 | by Kenneth Mufuka
Lithium investor begins US$22m power line project
LITHIUM giant Bikita Sinomine has started work on the US$22 million (132KVA) power line stretching from Tokwe to Bikita in Masvingo Province.The 120km power line is meant to provide power to t...Published: 01 May 2023 at 08:09hrs | 529 | by Staff reporter
Zimbabwe stockpiles 350kg of gold after new policy
THE Reserve Bank of Zimbabwe (RBZ) has stockpiled more than 350 kilogrammes of gold collected under a new law compelling companies mining gold, diamonds, lithium and platinum group of metals (PGMs) to...Published: 02 Apr 2023 at 11:00hrs | 196 | by Staff reporter
Bulawayo Power Station ownership debate tomorrow
BULAWAYO Power Station ownership comes under the spotlight tomorrow (Friday) as the local authority convenes a public consultative stakeholders meeting over the matter.The meeting is set for S...Published: 09 Mar 2023 at 19:56hrs | 211 | by Staff reporter
Impasse over Bulawayo Power Station continues
THE impasse over the ownership of the Bulawayo Power Station continues unabated after Bulawayo City councillors recently directed Town Clerk, Mr Christopher Dube not to sign a Memorandum of Understand...Published: 05 Mar 2023 at 06:22hrs | 274 | by Staff reporter
When all friendship ceases!
Von Hornick's nine principles on National EconomyIn 1684, an Austrian lawyer-turned-civil servant, Philipp Wilhelm von Hornick, published nine principal rules of a National Economy.The...Published: 04 Mar 2023 at 07:57hrs | 111 | by Jamwanda
Open Letter: Mine loses millions worthy of diamonds as workers engage in illicit diamond panning
Dear, Some "lucky" Murowa Diamonds Mine workers have become rich overnight after a well-orchestrated and carefully executed diamond stealing process went on undetected for months leaving some ...Published: 26 Feb 2023 at 11:04hrs | 2030 | by Concerned Murowa Resident
Zimbabwe remains stuck in football wilderness
ON February 24, 2022, Fifa took the decision to suspend Zimbabwe from international football because of government interference in the running of the game.This was after the country's sports r...Published: 19 Feb 2023 at 17:35hrs | 163 | by Staff reporter
'Zimbabwe inflation slowing down'
THE Finance ministry claims that the country's inflation is slowing down on a monthly basis, despite the local currency currently being hammered by other currencies, chiefly the greenback.Last...Published: 06 Feb 2023 at 04:55hrs | 565 | by Staff reporter
Zimbabwe starts stockpiling lithium, says Mnangagwa
Zimbabwe has to do more than ban export of lithium and other ores, insisting on processing locally before export, but now needs focused research and development towards transforming ores into domestic...Published: 05 Feb 2023 at 23:40hrs | 2399 | by Staff Reporter
RBZ backdates royalties collection
THE Reserve Bank of Zimbabwe (RBZ) says it will begin to implement legislative measures announced through amendments to the Finance Act [Chapter 23:04] and RBZ Act [Chapter 22:15], which provide for t...Published: 26 Jan 2023 at 07:35hrs | 291 | by Staff reporter
RBZ takes charge of in-kind mining royalties
THE Reserve Bank of Zimbabwe (RBZ) will assume responsibility for collecting, holding, and managing reserve assets from the 50 percent in-kind mining royalties in line with the latest regulations whil...Published: 26 Jan 2023 at 07:32hrs | 90 | by Staff reporter
Harvest House builds US$42m auditorium
HARVEST House International church has poured US$42 million into the construction of the biggest conference centre in the country with a capacity to hold 10 500 people in Bulawayo's Selbourne Brooke s...Published: 13 Jan 2023 at 05:47hrs | 827 | by Staff reporter
Kupukile Mlambo appointed chief executive of the Sovereign Wealth Fund of Zimbabwe
Former Reserve Bank of Zimbabwe deputy governor Kupukile Mlambo, who holds a PhD in economics from Gothenburg University in Sweden, has been appointed chief executive of the US$100m Sovereign Wealth F...Published: 07 Dec 2022 at 19:14hrs | 1265 | by Staff reporter
Mnangagwa accused of taking Zimbabwe back to medieval era
PRESIDENT Emmerson Mnangagwa's Statutory Instrument (SI) 189 of 2022, announced on November 4 to legalise payment of miners' royalties partly in kind has been described as not just being illegal but a...Published: 06 Dec 2022 at 05:11hrs | 3393 | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1574 | by Respect Gwenzi
Zimplats dumps community share payment obligations?
Despite notching up a record revenue of US$1.4 billion last year coupled with tax contributions and royalties totalling US$404,6 million, platinum mining giant Zimplats has been dragged to court for f...Published: 30 Nov 2022 at 05:37hrs | 1717 | by Staff reporter
Mthuli Ncube raises VAT, restores duty on basics
Finance minister Mthuli Ncube unveiled his 2023 budget on Thursday, raising value added tax (VAT) in a move the main opposition Citizens Coalition for Change (CCC) described as "an attack on working p...Published: 25 Nov 2022 at 05:21hrs | 10529 | 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 | 546 | by Staff reporter
Mnangagwa relives poisoning ordeal
PRESIDENT Emmerson Mnangagwa yesterday relived his food poisoning experience at a Zanu-PF campaign rally in Gwanda in 2017 and how he was airlifted to Gweru and later South Africa for urgent medicatio...Published: 18 Nov 2022 at 05:20hrs | 2465 | by Staff reporter
Zimbabwe's new multi-billion industrial hub to create 25 000 jobs
A NEW industrial energy hub worth over US$13 billion that is set to create more than 25 000 jobs will soon be running in Mapinga Mashonaland West province in yet another transformative initiative from...Published: 01 Nov 2022 at 05:05hrs | 748 | by Staff reporter
Zimbabwe miners happy with Govt proposal to pay royalties in gold, diamonds, platinum
Zimbabwe's miners do not expect any significant impact from the government's proposal to collect royalties in the form of refined minerals, the country's Chamber of Mines said on Monday.Presid...Published: 11 Oct 2022 at 06:10hrs | 583 | by Staff reporter
Harare mayor demands autonomy of local authorities
HARARE mayor Jacob Mafume has demanded autonomy of local authorities saying there is need to be set free from central government interference.Addressing delegates during a discussion to raise ...Published: 11 Oct 2022 at 06:07hrs | 310 | by Staff reporter
Mining companies in Zimbabwe to pay royalties in the form of minerals
MINING companies in Zimbabwe will now pay royalties to the government in the form of minerals as a percentage of the mined resources effective October 1, President Emmerson Mnangagwa has said....Published: 09 Oct 2022 at 11:02hrs | 923 | by Staff reporter
Zimbabwe govt mulls national minerals reserve
Mining companies exploiting precious and high-value minerals in the country will now be required to cede a portion of their refined mineral produce to the Government as part payment of royalties under...Published: 09 Oct 2022 at 07:51hrs | 127 | by Staff reporter
BCC demands US$60 million for power station
THE Bulawayo City Council (BCC) has insisted that they will only part with the title deeds of the Bulawayo Power Station if the Zimbabwe Power Company (ZPC) concedes to pay US$60 million in royalties....Published: 25 Sep 2022 at 16:43hrs | 255 | by Staff reporter
Mnangagwa's govt to mortgage platinum royalties to pay off farmers
ZIMBABWE will mortgage platinum mining royalties to pay US$3.5 billion in compensation to white farmers whose land was expropriated by the government, moving a step closer to resolving Robert Mugabe's...Published: 07 Aug 2022 at 18:50hrs | 414 | by Staff reporter
No joy in Mthuli Ncube's budget
CALLS by Zimbabwe's restive civil service for United States dollar salaries went unheeded by Finance minister Mthuli Ncube yesterday.Ncube doubled the national budget to $1,9 trillion as a res...Published: 29 Jul 2022 at 06:54hrs | 3000 | by Staff reporter
Mthuli Ncube, Mangudya's unenviable task
I do not envy Finance and Economic Development Minister Professor Mthuli Ncube and the Reserve Bank of Zimbabwe Governor Dr John Mangudya.The two gentlemen must be having a torrid time....Published: 24 Jul 2022 at 09:59hrs | 289 | by Victoria Ruzvidzo
Baba Harare vs Jacaranda
The Jacaranda tree is known to represent The tree represents wisdom, rebirth, wealth and good luck as such when most artists see the Jacaranda Music brand they think wealth and all good things....Published: 15 Jul 2022 at 10:23hrs | 2099 | by John Mbizvo
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 | 242 | by Staff reporter
Duration Gold launches Zimbabwe 'second biggest' exploration
AMBITIOUS resources outfit Duration Gold said this week it had launched a ground breaking multi-commodity exploration campaign, which could help it achieve a long-cherished ambition to become a large-...Published: 17 Jun 2022 at 08:56hrs | 521 | by Staff reporter
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 4425 | by Victor Bhoroma
Zimbabwe's US$3bn platinum deal all but collapses in a shambles
IT was noisily touted as a game changer for Zimbabwe's mining sector, and the economy; a centrepiece of government's ambitious yet unrealistic US$12 billion target for the industry by next year and ca...Published: 31 May 2022 at 07:38hrs | 3215 | by Staff reporter
Policy flip flops impede platinum deals
INVESTMENT into Zimbabwe's platinum sector has been held back by unpredictable policies, a leading resource campaigner said this week.Claude Kabemba, executive director at Southern African Res...Published: 15 Apr 2022 at 08:59hrs | 154 | by Staff reporter
Zimbabwe targets 40 tonnes of gold
Gold deliveries to Fidelity Printers and Refiners (FPR), the country's sole authorised buyer of the mineral, jumped 137 percent in the first two months of 2022 to 5,1 tonnes from 2,17 tonnes in the sa...Published: 03 Apr 2022 at 08:19hrs | 171 | by Staff reporter
Economy expected to grow despite erratic rains
Old Mutual Investment Group believes Zimbabwe's economy may still register strong growth this year despite the erratic rains experienced in the country, which negatively affected farming.The i...Published: 16 Mar 2022 at 05:31hrs | 83 | by Staff reporter
'Mbudzi interchange costs haven't changed'
THE Ministry of Transport and South Africa-based engineering consultancy company, DNMZ, yesterday refuted claims that the project costs for the Mbudzi interchange had been bumped up 100% to benefit a ...Published: 11 Mar 2022 at 05:46hrs | 770 | by Staff reporter
Mbudzi roundabout contractor dismisses Chin'ono's US$42m claims
The designer of the Mbudzi Traffic Interchange in Harare, DNMZ, has dismissed social media claims by discredit activist Hopewell Chin'ono that the ongoing project will cost US$42 million saying althou...Published: 11 Mar 2022 at 05:36hrs | 170 | by Staff reporter
Monetary Policy Analysis
The Reserve Bank of Zimbabwe (RBZ) presented its first monetary policy statement for 2022 on the 7th of February. The monetary policy comes after a 53.5% surge in foreign currency receipts from US$6.3...Published: 23 Feb 2022 at 19:41hrs | 532 | by Victor Bhoroma
Mnangagwa's 'second Republic' as scandal-prone as Mugabe's govt
THERE is no difference between the administration of former president Robert Mugabe and that of his successor Emmerson Mnangagwa when it comes to public procurement as the two republics are marred by ...Published: 22 Feb 2022 at 07:23hrs | 1244 | by Staff reporter
'Dollarisation is not a panacea'
Returning to dollarisation is "not a panacea" to the challenges facing the economy, but Zimbabweans need to embrace broader use of the local currency and foster market discipline in order to consolida...Published: 08 Feb 2022 at 05:36hrs | 571 | by Staff reporter
Mthuli Ncube defends crumbling Zimdollar
FINANCE minister Mthuli Ncube has ruled out a return to dollarisation, as he maintained that huge pockets of the market required the free falling domestic unit.In an interview with Standardbus...Published: 06 Feb 2022 at 06:57hrs | 1239 | by Staff reporter
Govt moves to promote use of Zimdollar
THE Government has instituted measures to promote wider use of the Zimbabwe dollar in transacting, which will see some exporters settling up to 50 percent of their taxes in local currency.Trea...Published: 04 Feb 2022 at 21:24hrs | 533 | by Staff reporter
Zanu-PF slates anti-Chinese xenophobia
Zanu-PF has denounced the "Western-funded" civic society organisation, Crisis in Zimbabwe Coalition (CZC), for singling out Chinese investors in the country for criticism saying Zimbabwe welcomes mutu...Published: 23 Jan 2022 at 07:59hrs | 408 | by Staff reporter
'Tax incentives rip off Zimbabwe'
A LEADING resources watchdog has piled pressure on government to disclose the value of potential revenues it forfeits due to special tax incentives offered to attract investment.The Zimbabwe E...Published: 12 Dec 2021 at 19:13hrs | 52 | by Staff reporter
Gold deliveries to increase
Gold miners are expected to deliver 28 tonnes of gold to Fidelity Printers and Refiners this year, up from the previous estimate of 25 tonnes, following improved deliveries from miners as a result of ...Published: 16 Nov 2021 at 05:39hrs | 9 | by Staff reporter
Smuggled minerals surpass royalties
THE value of minerals being smuggled out of Zimbabwe far outstrips the royalties that government earns annually from resources, fresh data shows last week, as calls to crackdown on black market trade ...Published: 14 Nov 2021 at 05:42hrs | 17 | by Staff reporter
Zimbabwe mortgaging resources
ZIMBABWE'S economy remains at risk of exploitation as the government continues to mortgage natural resources to secure loans, according to Veronica Zano, an official with the Southern Africa Resource ...Published: 26 Sep 2021 at 19:46hrs | 26 | 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 06:08hrs | 36 | by Staff reporter
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