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Potraz raises red flag over impact of power cuts on telcos
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has expressed serious concerns regarding the ongoing power outages that threaten to disrupt the country's telecommunications...Published: 17 Oct 2024 at 08:58hrs | 84 | by Staff reporter
Chichewa interpreter required in SA court
Murder-accused Mpumalanga farm manager, Reinhardt Steyn, 24; and his three co-accused, Dumisani Chriswell Masilela, 33; Stephan Wilson, 30; and Dumisani Luthuli have appeared before the Middelburg Mag...Published: 11 Sep 2024 at 12:29hrs | 589 | by Staff reporter
Munetsi named club vice-captain in France
WARRIORS international Marshal Munetsi has been named as the first vice-captain of Stade de Reims ahead of the start of the new soccer season in France.Teddy Teuma, who joined the club last ye...Published: 14 Aug 2024 at 15:35hrs | 401 | by Staff reporter
Chaotic scenes outside the Harare Magistrates Court
Chaotic scenes outside the Harare Magistrates Court after the state decided to keep ex-senator Jameson Timba and 78 other CCC activists in jail "for security reasons." A magistrate then dismis...Published: 27 Jun 2024 at 14:56hrs | 11 | by Staff reporter
South Africans jailed after being caught driving stolen Toyota to Zimbabwe
Two suspects, Simphiwe Dhladhla, 32, and Siphiwe Sigasa, 31, were remanded in custody after appearing in court for possession of a stolen Toyota Fortuner and a Toyota Hilux GD-6 bakkie.The duo...Published: 27 Jun 2024 at 07:06hrs | 30 | by Staff reporter
Zimbabwe's Mnangagwa slams powerful nations' double standards
President Mnangagwa has strongly criticized the double standards of certain influential nations that publicly advocate for peace, human rights, good governance, and democracy while covertly supporting...Published: 22 Sep 2023 at 06:23hrs | 1 | by Staff reporter
Mnangagwa lavished with gifts worth millions by corrupt investors
EUBERT Angel, President Emmerson Mnangagwa's Ambassador-at-Large for Europe and the Americas, suggested to undercover Al Jazeera reporters who were posing as Chinese gangsters seeking to launder over ...Published: 08 Apr 2023 at 14:19hrs | | by Staff reporter
Mnangagwa gives approval to corrupt money deals, says Doolan
PRESIDENTIAL Envoy and Ambassador-at-Large Uebert Angel's business partner Rikki Doolan sys it is possible to bring in millions of dollars in dirty money into Zimbabwe as long as officials are bribed ...Published: 02 Apr 2023 at 11:13hrs | | by Staff reporter
ABSA, Standard Bank agree US$193m funding deal to build new Zimbabwe hospitals
Zimbabwe is to raise US$193 million in offshore lending to implement a 2019 agreement with UK infrastructure company NMS for the construction of hospitals and clinics in the country.ABSA and S...Published: 29 Mar 2023 at 20:43hrs | | by Staff reporter
Zimbabwe's cyber city: Urban utopia or surveillance menace?
In a fertile stretch of fields and farms dubbed New Harare, Zimbabwe is building a high-tech "cyber city" a world away from the traffic-clogged streets and overcrowded slums of the country's nearby ca...Published: 25 Feb 2023 at 16:27hrs | 1 | by Staff reporter
Mbudzi US$88m controversy: Mthuli Ncube told to explain
PARLIAMENT'S Public Accounts Committee chairperson Brian Dube says Finance and Economic Development minister Mthuli Ncube should explain the decision to borrow US$88 million to fund the construction o...Published: 12 Feb 2023 at 11:18hrs | 9 | by Staff reporter
Debt financing to fund 2023 budget
Finance minister Mthuli Ncube says debt financing will be used to fund the $4,5 trillion 2023 national budget, raising concerns about money supply growth.Treasury expects $3,9 trillion in reve...Published: 04 Dec 2022 at 08:11hrs | | by Staff reporter
Mnangagwa's govt turns to Treasury bills, bonds
THE cash-strapped government is likely to print money to finance its $575,5 billion budget deficit, economic analysts warned yesterday after Finance minister Mthuli Ncube announced next year's $4,5 tr...Published: 25 Nov 2022 at 05:12hrs | | 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
CCTV Surveillance Technology in Africa needs a national policy
African countries are installing closed circuit television cameras (CCTV) and surveillance technologies without regulation frameworks and national CCTV and surveillance national policies. The sp...Published: 29 Oct 2022 at 11:28hrs | 2 | by Jacob Kudzayi Mutisi
Zimbabwe prisons okay Chamisa jail visit, set tough conditions
Zimbabwe prison authorities have finally given in to pressure by CCC leader Nelson Chamisa to be allowed to visit jailed lieutenants Job Sikhala and Godfrey Sithole at Chikurubi Maximum Prison but set...Published: 20 Oct 2022 at 21:08hrs | | by Staff reporter
Zimbabwe rules out wheat imports
GOVERNMENT will not import wheat and will now scrutinise imports of the cereal for the coming year owing to a bumper winter harvest this year, a senior government official has revealed.This co...Published: 06 Oct 2022 at 06:03hrs | 9 | by Staff reporter
Mthuli Ncube told to come clean on IMF funds
FINANCE minister Mthuli Ncube has been told to come clean on the utilisation and disbursement of the International Monetary Fund (IMF) Special Drawing Rights (SDR) funds.The Budget and Finance...Published: 22 Aug 2022 at 07:09hrs | | by Staff reporter
Pfumvudza targets 3,5 million Zimbabwean households
The Pfumvudza/Intwasa programme will be extended to 3,5 million households for the 2022/2023 summer cropping season, and the Government has already released $20 billion towards the goal, as efforts to...Published: 29 Jul 2022 at 06:45hrs | | by Staff reporter
Zimbabwe misses out on G7 stimulus package
ZIMBABWE missed out on a G7-backed multi-billion-dollar stimulus package designed to help countries of the global South weather economic shocks caused by the Covid-19 pandemic.The reason for t...Published: 25 Jul 2022 at 07:57hrs | | by Staff reporter
Treasury yet to disburse US$30m industry bailout
TREASURY is yet to disburse about US$30 million it promised to industry under the Special Drawing Rights (SDR) to boost capacity utilisation and save some firms from total collapse.This was re...Published: 23 Jul 2022 at 07:32hrs | 6 | by Staff reporter
'Timely IMF boost saved Zimbabwe'
A PAN African lender has ranked Zimbabwe among the biggest beneficiaries of the US$33 billion injected into the region's economies by the International Monetary Fund (IMF) last year.Africa Exp...Published: 14 Jun 2022 at 06:41hrs | | by Staff reporter
Scandal-ridden company monitors Zimbabwe calls
THE company which installed a Telecommunications Traffic Monitoring System (TTMS) at the Postal and Telecommunications Regulatory Authority of Zimbabwe headquarters in Harare this week — Global Voic...Published: 11 Jun 2022 at 20:42hrs | 17 | by Staff reporter
'The Reserve Bank of Zimbabwe is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 05 Jun 2022 at 09:00hrs | 1 | by Staff reporter
'Zimbabwe Reserve Bank is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 22 May 2022 at 08:26hrs | 11 | by Staff reporter
'The Reserve Bank is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 15 May 2022 at 06:12hrs | 8 | 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
Mthuli Ncube holds talks with investors on USD bond
Finance and Economic Development Minister Professor Mthuli Ncube last week held a productive meeting with international investors who are keen to participate in the Government's US$100 million bond th...Published: 25 Apr 2022 at 08:49hrs | | by Staff reporter
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 12 Apr 2022 at 16:50hrs | 2 | by Victor Bhoroma
Govt spending worries stakeholders
The Government of Zimbabwe's spending is worrying the stakeholders who are concerned over the lack of service delivery compared to how public funds are spent.Zimbabwe Coalition of Debt and Dev...Published: 06 Apr 2022 at 22:18hrs | | by Stephen Jakes
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
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 01 Apr 2022 at 12:34hrs | 1 | by Victor Bhoroma
IMF presses govt on currency reforms
THE International Monetary Fund (IMF) has called on the Zimbabwe government to implement outstanding structural reforms, including the removal of exchange rate restrictions.The recommendations...Published: 25 Mar 2022 at 18:01hrs | | 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
Zimbabwe criminals go hi-tech
ZIMBABWEAN criminals are not being left behind by technology. They are using technology to enhance their trade, just like everybody else.Technology is a useful tool as it can bend to the whims...Published: 29 Jan 2022 at 14:37hrs | 15 | by Miriam Tose Majome
Zimbabwean truck driver caged in Botswana for smuggling children
A LOCAL truck driver was jailed in Botswana after being caught smuggling seven children from Zimbabwe to South Africa through that country.Reports from Botswana said Eric Mpofu (29) appeared b...Published: 23 Dec 2021 at 05:41hrs | 7 | by Staff reporter
2022 Post Budget Analysis
The Zimbabwean government presented a ZW$927.3 billion budget (18% of GDP) for the 2022 fiscal year. The government expects to collect revenues totaling ZW$850.7 billion (17% of GDP), thus resulting i...Published: 13 Dec 2021 at 09:11hrs | 5 | by Victor Bhoroma
Parly to fast-track Budget debate
The National Assembly has agreed to fast-track debate on the $927 billion 2022 National Budget which was presented by Finance and Economic Development Minister Professor Mthuli Ncube last month to ens...Published: 12 Dec 2021 at 19:50hrs | 7 | 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
US$1bn SDRs to be used over three years
The US$958 million worth of Special Drawing Rights (SDRs) allocated to Zimbabwe by the International Monetary Fund (IMF) will be used over a three-year period, with US$311 million expected to be relea...Published: 28 Nov 2021 at 07:48hrs | 5 | by Staff reporter
Mnangagwa govt to borrow US$1,4bn
GOVERNMENT has announced a plan to borrow ZW$146,8 billion (about US$1,4 billion) in 2022 to fund various infrastructure development projects.This debt would add to the existing stock of US$13...Published: 26 Nov 2021 at 19:42hrs | 9 | by Staff Rporter
Zimbabwe must step up reform agenda, says IMF
ZIMBABWE should step up its reform agenda in order to quicken economic growth and normalise relations with the international community and multilateral lenders, the International Monetary Fund says....Published: 22 Nov 2021 at 06:14hrs | 6 | by Staff reporter
Covid-19 protocols remain in force
Cabinet received an update on the country's response to the Covid-19 pandemic, procurement and roll-out of vaccines, as presented by chairman of the Ministers' National Committee, Vice President and M...Published: 17 Nov 2021 at 05:06hrs | 8 | by Staff reporter
'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 | 8 | by Professor Mthuli Ncube
IMF freezes funds for Afghanistan over political uncertainty
The International Monetary Fund (IMF) has put on hold funds to Afghanistan amid the rising uncertainty in the country.These developments came after IMF recently announced a $650 billion Specia...Published: 08 Nov 2021 at 14:12hrs | 7 | by Agencies
ZSE gains US$287bn
THE Zimbabwe Stock Exchange (ZSE) gained $286,760 billion in value during the third quarter of this year due to inflation hedging activities and increased retail investors participation, a report by O...Published: 01 Nov 2021 at 07:29hrs | 7 | by Staff reporter
Govt will keep digging in on currency
IN the week under review the Zimbabwean dollar (Zimdollar) swept past the psychological 1:90 mark. The local unit has been losing ground against the United States dollar on a weekly basis, for 24 stra...Published: 15 Oct 2021 at 20:20hrs | | by Respect Gwenzi
IMF maintains positive outlook for Zimbabwe
THE International Monetary Fund (IMF) has maintained a positive growth trajectory outlook for Zimbabwe in 2021 of 5,1 percent largely supported by increased agricultural output, energy productio...Published: 14 Oct 2021 at 06:21hrs | | by Staff reporter
SDRs war chest to bolster reserves
THE nearly US$1 billion special drawing rights (SDRs), which Zimbabwe received from the International Monetary Fund (IMF), will bolster the country's foreign currency reserves and capacity to re...Published: 05 Oct 2021 at 06:28hrs | 7 | 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 08:19hrs | 8 | by Staff reporter
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