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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: 9 hrs ago | 326 | by Staff reporter
RBZ in gems mop up deal
THE government has structured a deal that will see the Reserve Bank of Zimbabwe (RBZ) buying excess diamonds as it moves to shut out unscrupulous dealers that have been dribbling authorities....Published: 02 Dec 2022 at 19:30hrs | 238 | by Staff rteporter
Norsad Capital provides CABS Zimbabwe with a Medium-term Credit facility of USD10 million
Norsad Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building Societ...Published: 21 Nov 2022 at 09:51hrs | 801 | by Agencies
Armed robbers get away with $8k
Two separate armed robbers got away with cash and goods worth Eight thousand United States dollars in Mashonaland Central on Monday. ...Published: 19 Nov 2022 at 20:55hrs | 1824 | by Simbarashe Sithole
Zanu-PF fields candidate tainted with corruption
FORMER Gweru City Council acting chamber secretary Gibson Chingwadza, who was fired from the local authority for multiple counts of corruption cases involving US$300 000, has been fielded by Zanu PF t...Published: 18 Nov 2022 at 05:33hrs | 1326 | by Staff reporter
Air Zimbabwe optimistic of IATA re-admission
THE country's national airline, Air Zimbabwe, is optimistic of being re-admitted into the International Air Transport Association (IATA) as Government has cleared 90 percent of its debt to the interna...Published: 13 Nov 2022 at 17:29hrs | 140 | by Staff reporter
Businesses reject the $20 bill in Bulawayo
TRANSPORT operators and most shops in Bulawayo are now rejecting the $20 bill although it is still legal tender in the country.Only big supermarkets like OK Zimbabwe, PicknPay, Choppies, and S...Published: 10 Nov 2022 at 04:56hrs | 568 | by Staff reporter
Zimbabwe seals 500MW power deal
The new 500 megawatt solar power station being built by Skypower Global in Zimbabwe moved closer to fruition yesterday as more detail was added to the investment deal on the sidelines of the UN Climat...Published: 09 Nov 2022 at 05:03hrs | 411 | by Staff reporter
Air Zimbabwe seeks suitors for long-haul aircraft
AIR Zimbabwe, the country's State-owned carrier, is courting potential takers to lease out its long-haul aircraft, as part of efforts by the national airline to consolidate its revenue base as it emer...Published: 08 Nov 2022 at 05:02hrs | 239 | 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 | 396 | by Jacob Kudzayi Mutisi
Singer Trish Nyawo releases Nguwo Chena lyric video
Zimbabwean born Trish Nyawo has released a lyric video of his hit song Nguwo chena which talks about a poor boy who falls in love with a girl from a royal family and finds it hard to navigate the rela...Published: 27 Oct 2022 at 11:11hrs | 306 | by Mandla Ndlovu
Tobacco sales rake in US$650,3 million
ZIMBABWE has realised US$650,3 million from tobacco sales this year, up 10,3% compared to last year, statistics from the Tobacco Industry and Marketing Board (TIMB) show.Last year, the souther...Published: 27 Oct 2022 at 06:13hrs | 59 | by Staff reporter
'Reduce duty on electric cars'
GOVERNMENT has been implored to consider reducing import duty on electric cars to reduce the country's fuel import bill.Presenting the 2023 pre-budget priorities for the energy sector on Monda...Published: 26 Oct 2022 at 05:58hrs | 326 | by Staff reporter
9 000 housing, commercial stands for Bulawayo
PROPERTY development and management firm, Radar Holdings Limited, has initiated a project to service close to 9 000 residential and commercial stands in Bulawayo as part of private sector efforts to c...Published: 25 Oct 2022 at 06:02hrs | 540 | by Staff reporter
Platinum seen as Zimbabwe's mainstay for foreseeable future
PLATINUM is likely to be Zimbabwe's mainstay in the foreseeable future considering the way platinum firms operating in the country are investing in new mines and smelters to increase production and su...Published: 24 Oct 2022 at 06:11hrs | 272 | by Staff reporter
Top US official challenged on Zimbabwe sanctions
A SENIOR United States official recently struggled to provide a comprehensive explanation on factors that influenced their decisions to impose sanctions on poor countries whilst turning a blind eye on...Published: 23 Oct 2022 at 09:22hrs | 448 | by Staff reporter
All set for Ethiopian Airlines maiden flight to Bulawayo
ONE of the world's top airlines, Ethiopian Airlines is set to introduce flights that will fly into Bulawayo for the first-time, end of this month, a development that will boost the tourism sector as w...Published: 23 Oct 2022 at 09:14hrs | 257 | by Staff reporter
ZANU-PF youths extort miner
ZANU PF Shamva district youth chairperson Ryan Dhokwani (31) and his accomplice Josphat Zvomuya (32) were dragged to Bindura magistrates...Published: 15 Oct 2022 at 17:45hrs | 991 | by Simbarashe Sithole
Zimbabwe announces another fuel price increase
THE Zimbabwe Energy Regulatory Authority (ZERA) has increased fuel prices by at least 2,3% as economists raised fears of price hikes.According to ZERA's latest update, ZERA said traders can se...Published: 14 Oct 2022 at 05:53hrs | 1329 | by Staff reporter
Zanu-PF member dies as mob burns Mupedzanhamo
A Zanu-PF member died following violent clashes that were triggered by alleged opposition CCC space barons at the popular Mupedzanhamo Market in Harare which was also partly burnt by the rioting mob....Published: 11 Oct 2022 at 06:03hrs | 565 | by Staff reporter
Zimbabwe moots Road Accident Fund
Government is mooting the establishment of a Road Accident Fund (RAF) which is aimed at minimising the effects of traffic accidents on the citizenry and the proposal was tabled to traffic stakeholders...Published: 10 Oct 2022 at 18:20hrs | 295 | by Staff reporter
If Mnangagwa is unable to explain 'sanctions on Zimbabwe' then just how real are they?
Did you know that countries that have genuine economic sanctions imposed on them by world powers, oftentimes, actually deny their true impact on the affected nation's economy?Why?Simpl...Published: 10 Oct 2022 at 06:12hrs | 577 | by Tendai Mbofana
Property upgrades transforming Bulawayo's economy
BULAWAYO is experiencing growth in corporates and property owners who are renovating old business premises and opening new facilities in a bid to align their operations with the latest business trends...Published: 10 Oct 2022 at 06:07hrs | 258 | by Staff reporter
If Mnangagwa unable to explain 'sanctions on Zimbabwe' then just how real are they?
Did you know that countries that have genuine economic sanctions imposed on them by world powers, oftentimes, actually deny their true impact on the affected nation's economy?Why? Simp...Published: 09 Oct 2022 at 20:54hrs | 491 | by Tendai Ruben Mbofana
Zimdollar notes are disappearing on the streets
October temperatures start to climb early in Harare, but by noon beverages vendor Davis Kugara is already counting his losses for the day.One after the other, many of his potential customers a...Published: 04 Oct 2022 at 22:15hrs | 3672 | 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 | 198 | by Staff reporter
Advocate Kholeka Gcaleka's Phala Phala farm robbery investigator managed by Ramaphosa' people
One of the Public Protector investigators probing the Phala Phala farm robbery is allegedly being managed by two people on behalf of President Cyril Ramaphosa.The investigator, whose name is k...Published: 02 Oct 2022 at 17:07hrs | 949 | by Staff reporter
'Pravin Gordhan disposing SAA in a fraudulent and corrupt manner'
Suspended public enterprises director-general Kgathatso Tlhakudi has filed a damning affidavit at the labour court this week accusing Minister Pravin Gordhan of "unlawfully" removing him from his posi...Published: 02 Oct 2022 at 16:47hrs | 1361 | by Staff reporter
RBZ allows companies to buy up to US$100 000 weekly
THE Reserve Bank of Zimbabwe has moved to allow companies to purchase up to US$100 000 per week from local banks for purposes of undertaking bona fide payments and moved to maintain the current intere...Published: 01 Oct 2022 at 06:15hrs | 446 | by Staff reporter
The importance of parastatals
WHEN State-managed institutions work well they are often not recognised or rewarded and are taken for granted. When they fail, everyone suffers the consequences.At independence in 1980, 40% of...Published: 27 Sep 2022 at 05:53hrs | 152 | by Eddie Cross
South Africa's precision-strike aircraft given Shona name 'Mwari'
The Paramount Group has produced and sold the first military aircraft made in South Africa since the 1980s when state-owned arms maker Denel SOC Ltd. unveiled the Rooivalk, or red falcon, attack helic...Published: 21 Sep 2022 at 19:42hrs | 1366 | by Staff reporter
Zimra tender raises eyebrows
THE Zimbabwe Revenue Authority (Zimra) has reportedly awarded a US$4,6 million tender for the supply, delivery and installation of a fiscalisation back-end system to Norwegian firm, Norway Registers D...Published: 21 Sep 2022 at 06:04hrs | 1146 | by Staff reporter
Zimdollar to further strengthen?
The Zimbabwe dollar is likely to strengthen as extra strands in the policies to decrease the amount of local currency in bank accounts, while increasing the amount of foreign currency in official mark...Published: 20 Sep 2022 at 06:02hrs | 763 | by Staff reporter
Zimbabwe gold coins to be afforded by all
THE Government is planning to introduce smaller gold coins denominations amid revelations that at least Z$8 billion worth of the coins have been bought by locals since they were launched by the Reserv...Published: 18 Sep 2022 at 16:53hrs | 554 | by Staff reporter
Mystery buyer Zimbabwe of diamonds outed
THE Zimbabwean government has reportedly given preference to Belarusian diamond buyers to snap-up the gems under unclear circumstances.This comes at a time when the country's state-run mining ...Published: 16 Sep 2022 at 19:36hrs | 952 | by Staff reporter
CCC activists says Zimbabwe courts are biased
LAWYERS representing Citizens Coalition for Change (CCC) MP Joanah Mamombe and fellow party member Cecilia Chimbiri have alleged bias by the courts in the way their case is being handled.This ...Published: 16 Sep 2022 at 06:11hrs | 265 | by Staff reporter
Zimdollar exchange rate stability false, economists warn
ECONOMISTS yesterday warned that the current exchange rate stability, which is largely a result of local currency shortages on the market is "false" and will be short-lived.Economist Eddie Cro...Published: 15 Sep 2022 at 05:55hrs | 1287 | by Staff reporter
ZimStat census sparks controversy
THE accurate number of Zimbabwean immigrants in the United Kingdom (UK) and Australia has exposed gross inaccuracies in the 2022 Population and Housing Census which has painted the size of the country...Published: 11 Sep 2022 at 15:19hrs | 476 | by Staff reporter
Delta Beverages faces MPs grilling over beer levy
DELTA Beverages bosses are facing a Parliamentary grilling over beer levy remittances to local authorities amid fears some were capitalising on lack of proper accounting systems to unlawfully under-re...Published: 11 Sep 2022 at 15:19hrs | 345 | by Staff reporter
Matebeleland South bans private cattle sales
GWANDA Rural District working with the Department of Veterinary Services and the police has banned private cattle sales or door to door sales in the district to curb rustling.In a public notic...Published: 09 Sep 2022 at 06:01hrs | 700 | by Staff reporter
300 industries for Cowdray Park
BULAWAYO is establishing industries in Cowdray Park suburb and nearly 300 industrial stands are set for development in the city's most populous suburb.According to the 2022 Population Census p...Published: 09 Sep 2022 at 06:01hrs | 424 | by Staff reporter
Thousands of Zimbabweans flee economic mess
ZIMBABWE recorded the highest outflow of citizens fleeing the country in 2021 compared to other previous years since 1980 as the deepening socio-economic crisis shows no signs of abating under Preside...Published: 07 Sep 2022 at 06:46hrs | 548 | by Staff reporter
The destructive force of corruption
IN my business life I have handled several billion dollars of revenue and expenditure over a period of 65 years. In that time, I have been blatantly approached and asked for a bribe once — by a loca...Published: 07 Sep 2022 at 06:46hrs | 214 | by Eddie Cross
Zimplats splurges US$270m on capital projects
Zimplats says it has expended in excess of US$270 million on capital projects in 2022, nearly 70% up on the US$159,1 million spent in the previous year.These include stay-in-business, re...Published: 07 Sep 2022 at 06:43hrs | 197 | by Staff reporter
200 000 Zimbabwean children born outside the country
ABOUT one million Zimbabweans are living in the diaspora while over 200 000 children are born outside the country with the highest being in South Africa, the Zimbabwe National Statistics Agency (ZimSt...Published: 07 Sep 2022 at 06:41hrs | 153 | by Staff reporter
Land barons arrested for extorting cash in Mnangagwa's name
Police say they have arrested some land barons and other criminals who have been abusing President Emmerson Mnangagwa's name as a licence to extort cash and other expensive property from unsuspecting ...Published: 04 Sep 2022 at 15:27hrs | 1079 | by Staff reporter
CZI hails Zimdollar recovery
THE Confederation of Zimbabwe Industries (CZI) has backed the swift decline in monthly inflation alongside the recovery of the Zim$, saying the developments will go a long way in providing a strong ba...Published: 04 Sep 2022 at 07:57hrs | 1007 | by Staff reporter
Mnangagwa's name used to commit crimes
The Zimbabwe Republic Police has warned some criminal elements who are abusing President Mnangagwa and the First Family's names to commit fraud, extort and theft that they will be arrested and prosecu...Published: 03 Sep 2022 at 19:11hrs | 141 | by Staff reporter
Zimdollar shortage hits market
A SHORTAGE of Zimbabwe dollar notes has hit the market, plunging companies and individuals into an acute liquidity crisis.Experts say the liquidity crunch has resulted from low demand for good...Published: 02 Sep 2022 at 06:51hrs | 2902 | by Staff reporter
Zimbabwe in 500MW power generation agreement
Building of large 500MW solar stations will now be moving forward as the Government is already negotiating a framework agreement with a major solar company based in the United Arab Emirates, Skypower ...Published: 24 Aug 2022 at 06:39hrs | 1120 | by Staff reporter
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