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The impact of duty-free incentives in the 2025 national budget
The 2025 National Budget is a forward-thinking approach to economic recovery and national development, introducing strategic duty-free incentives aimed at empowering local industries, stimulating econ...Published: 17 Dec 2024 at 20:12hrs | 987 | by Innocent Mujeri
'Counterfeits, financial instability imperil manufacturing sector'
Zimbabwean consumers are grappling with increasing difficulties, including the proliferation of counterfeit goods and financial instability, as the country's manufacturing sector struggles to grow. Pa...Published: 13 Dec 2024 at 09:39hrs | 46 | by Staff reporter
Zanu-PF threatens regional sovereignty, says MRP
The clamour for democratic transformation across southern Africa signals the region's desire to rid itself of a "cancerous growth" undermining electoral integrity and national sovereignty, according t...Published: 04 Dec 2024 at 06:46hrs | 185 | by Staff reporter
Climate finance and mismanagement in Zimbabwe: Bridging the gap between promises and accountability
As the world grapples with the escalating climate crisis, financial commitments to support developing nations in climate change mitigation and adaptation have taken center stage in international negot...Published: 24 Nov 2024 at 17:40hrs | 243 | by Tendai Ruben Mbofana
Zimbabwe's economy to grow 6% in 2025
Zimbabwe's economy is projected to expand by six percent in 2025, bolstered by favorable rainfall conditions that are expected to boost agricultural productivity, Finance, Economic Development, and In...Published: 07 Nov 2024 at 07:00hrs | 286 | by Staff reporter
Selling fuel in Zimbabwe's local currency will stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 16:44hrs | 3253 | by Engineer Jacob Kudzayi Mutisi
Selling Fuel in Zimbabwe's Local Currency will Stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 12:32hrs | 6190 | by Engineer Jacob Kudzayi Mutisi
US$4.4 million Ecobank heist shocks Zimbabwe
In what is believed to be the largest bank heist in Zimbabwean history, seven armed robbers made off with a staggering US$4.4 million in cash from Ecobank's Bulawayo branch at the Parkade Centre on Th...Published: 05 Oct 2024 at 11:30hrs | 2140 | by Staff reporter
Exposing economic saboteurs threatening Zimbabwe's future
THE introduction of the Zimbabwe Gold Currency (ZiG) symbolised a shift toward economic sovereignty, self-reliance and stability. Yet, instead of celebrating this monumental effort, some individuals w...Published: 02 Oct 2024 at 07:49hrs | 250 | by Innocent Mujeri
Mnangagwa takes SADC's begging bowl to UN General Assembly
President Emmerson Mnangagwa has taken the urgent plea for assistance from the Southern African Development Community (SADC) to the United Nations General Assembly (UNGA), seeking support to combat th...Published: 27 Sep 2024 at 08:30hrs | 302 | by Staff reporter
Mwonzora slams Zanu-PF's obsession with ED2030
Movement for Democratic Change (MDC) leader Douglas Mwonzora has criticized the ruling Zanu-PF party for prioritizing President Emmerson Mnangagwa's extended rule over addressing the severe challenges...Published: 14 Sep 2024 at 12:30hrs | 416 | by Staff reporter
Mnangagwa's US$3bn begging bowl still 'empty'
Zimbabwe faces a severe challenge in mobilizing sufficient resources to meet its $3 billion humanitarian assistance target aimed at addressing the needs of millions of food-insecure citizens. The coun...Published: 12 Sep 2024 at 10:56hrs | 3738 | by Staff reporter
Zimbabwe govt intervenes to end dual pricing
The government is closely monitoring businesses that are manipulating the exchange rate by using black market rates instead of the official ZiG currency rate. This practice undermines the ZiG, which i...Published: 05 Sep 2024 at 17:07hrs | 6036 | by Staff reporter
Revolt at MTN over CEO's 'female favourite'
An ugly battle is brewing at MTN over the direction Africa's biggest mobile network operator is taking under group CEO Ralph Mupita, with executives threatening to quit en masse over his leadership st...Published: 01 Sep 2024 at 11:58hrs | 4573 | by Staff reporter
Zimbabwe to build two new generators at Hwange
The Zimbabwean Government has commenced preparatory work on developing two new units at Hwange Power Station to enhance the nation's base load capacity. This follows the commissioning of Hwange Units ...Published: 30 Jul 2024 at 07:22hrs | 483 | by Staff reporter
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 55 | by Staff writer
Zambia to criminalise the use of US$ in local economy
Zambia's central bank published plans to criminalize the use of foreign currency in the local economy amid the biggest rally in the kwacha in four months.The southern African nation has faced ...Published: 01 Jul 2024 at 08:46hrs | 33 | by Staff reporter
EU avails €3m for urban communities in southern Africa
The European Union (EU) has allocated €3 million to the World Food Programme (WFP) to assist vulnerable urban communities in southern Africa, focusing on Lesotho, Mozambique, Zimbabwe, and Madagasca...Published: 20 Jun 2024 at 07:33hrs | 1 | by Staff reporter
Fidelity Gold Refinery gold supply zero-rating policy shows promise
The zero-rating of gold deliveries to Fidelity Gold Refinery (FGR) has started bearing fruits as the local currency, the Zimbabwe Gold (ZiG) continues to strengthen while gold miners have been allevia...Published: 18 Jun 2024 at 17:17hrs | 57 | by Tonderai Ndoro
South African elections 2024: Reflections from Zimbabwe
ON March 4, 1980, a palpable excitement and belief that prosperity, freedom and opportunity were upon the masses filled a soon-to-be-born Zimbabwe. The war was over. The nation was pregnant with hope....Published: 05 Jun 2024 at 13:03hrs | 1 | by Fadzayi Mahere
ZiG slows price increases in Zimbabwe
The Famine Early Warning Systems Network (FewsNet) reports that despite the introduction of the Zimbabwe Gold (ZiG) currency, which has brought some stability, prices in United States dollars (USD) re...Published: 03 Jun 2024 at 08:29hrs | 1 | by Staff reporter
9 million Zimbabweans food-insecure
The number of individuals requiring food assistance continues to escalate, with the government reporting that around nine million people are food insecure and in need of aid until March 2025. ...Published: 28 May 2024 at 09:56hrs | | by Staff reporter
Mnangagwa shocks Zimbabwe's ICT ministry
President Emmerson Mnangagwa's announcement approving Starlink's licensing to provide internet services in Zimbabwe surprised the Information Communication Technology, Postal and Courier Services (ICT...Published: 27 May 2024 at 10:02hrs | 14 | by Staff reporter
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 15 | by Dr Bekithemba Mpofu
China pledges food aid to Zimbabwe
ZIMBABWE is among Southern African states earmarked to benefit from the Chinese government's food aid support to countries that are facing food shortages due to the El Nino induced drought.The...Published: 16 Apr 2024 at 07:50hrs | 1 | by Staff reporter
Annual independent external audit for RBZ reserves
Independent external auditors shall audit Reserve Bank of Zimbabwe (RBZ) precious minerals and foreign currency reserves backing the country's new currency, Zimbabwe Gold (ZiG), once a year as part of...Published: 11 Apr 2024 at 08:32hrs | 16 | by Staff reporter
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 19 | by Staff reporter
RBZ scraps bank charges for low-cost accounts
IN a move meant to encourage a culture of banking, the Reserve Bank of Zimbabwe (RBZ) has announced the scrapping of bank charges for low-cost accounts.Presenting his first Monetary Policy Sta...Published: 07 Apr 2024 at 10:06hrs | | by Staff reporter
Strategic Analysis of Zimbabwe's Monetary Policy and Its Implications on the Real Estate Sector
Introduction The Reserve Bank of Zimbabwe unveiled a new monetary policy aimed at stabilizing the country's currency and economy. The policy focuses on ...Published: 07 Apr 2024 at 09:17hrs | 9 | by Dr Bekithemba Mpofu
Anti-Zimbabwe economist says ZiG is old wine in new bottles
Prominent Zimbabwean economist and financial analyst Professor Gift Mugano says the new local currency launched today - unimaginatively named Zimbabwe Gold (ZiG) amid noisy claims by government offici...Published: 06 Apr 2024 at 13:20hrs | | by Staff reporter
'New ZiG currency is a short term gimmick,' says some economist
An economic expert has criticized the recently launched Zimbabwe Gold (ZiG) currency, asserting that it lacks substance to effectively revitalize the economy, warning that the nation has once again re...Published: 06 Apr 2024 at 08:13hrs | 7 | by Staff reporter
Manicaland hunger shocks Zanu-PF
BUHERA North MP Philip Guyo (Zanu-PF) has raised hunger concerns in the district owing to the El Niño-induced drought.Buhera district is one of the most affected districts in Manicaland provi...Published: 20 Mar 2024 at 06:34hrs | 1 | by Staff reporter
Redcliff council defrauding residents!
It never rains but pours for residents of the small town of Redcliff.We face the dilemma of the proverbial smoking pipe – burnt on one en...Published: 12 Mar 2024 at 07:13hrs | 6 | by Tendai Ruben Mbofana
Zimbabwe unstoppable, says Mnangagwa
Despite the albatross of illegal, unjust, and baneful economic sanctions, Zimbabwe will continue marching on the path towards upper-middle-class economic status by 2030 with every Zimbabwean having a ...Published: 09 Mar 2024 at 09:13hrs | 1 | by Staff reporter
Python-carrying man shocks Mazowe
People at Mazowe (Jumbo) mine were shell-shocked to see a 27-year-old man carrying a live python around the mine.Kudakwashe Dube was subsequently arrested after the shocking incident.H...Published: 08 Mar 2024 at 22:16hrs | 4 | by Simbarashe Sithole
Zimbabwe must deal with currency volatility causes, not symptoms
THE United Nations Economic Commission for Africa (Uneca) executive secretary Claver Gatete this week said Zimbabwe should deal with the root causes of currency volatility not symptoms.Gatete ...Published: 07 Mar 2024 at 05:10hrs | 1 | by Staff reporter
Active Youth Zimbabwe set to build drug rehabilitation center
ACTIVE YOUTH ZIMBABWE is planning to build a drug rehabilitation center which will be located at Pumula South, Bulawayo.In an interview, Active Youth Zimbabwe Editorial Director, Romeo M...Published: 20 Feb 2024 at 14:59hrs | 14 | by Stephen Jakes
Chamisa slams Zimbabwe govt's currency board plan
Opposition leader Nelson Chamisa has strongly criticized the government's proposed introduction of a currency board as an attempt to revive the struggling Zimbabwe dollar, stating that it will ultimat...Published: 16 Feb 2024 at 07:42hrs | | by Staff reporter
More people in Zimbabwe could require emergency food aid
The World Food Program (WFP) on Tuesday warned that more people in Zimbabwe will likely require emergency food aid during the 2024/2025 lean season due to the impact of El Nino.Although the le...Published: 14 Feb 2024 at 04:45hrs | | by Staff reporter
Zimbabwe's economy grew faster than South Africa's since the ANC took over
President Cyril Ramaphosa's claims about South Africa's economic growth during his 2024 State of the Nation Address (SONA) hid the truth about how badly the country is really performing.In his...Published: 12 Feb 2024 at 15:13hrs | | by Daily Investor
BCC to reverse decision to close 5th Avenue market
THE Bulawayo City Council (BCC) will this week deliberate on a move that is likely to see the reversal of a resolution to shut down vending activities along 5th Avenue and opening the road to vehicula...Published: 04 Feb 2024 at 17:35hrs | 1 | by Staff reporter
Recalled Binga MP resigns from CCC
Recalled Binga North Member of Parliament (MP) Prince Dubeko Sibanda, has resigned from the Citizen Coalition for Change (CCC) party.Sibanda wrote, "Since Advocate Nelson Chamisa's disassociat...Published: 02 Feb 2024 at 10:53hrs | 8 | by Staff reporter
WATCH: Double murder shocks Tsholotsho villagers
THE brutal killing of 73-year-old visually impaired Mhlanga Bahono Mkhize and Getrude Ncube (36) from Mgogodleni line in Tsholotsho District on New Year's eve has left the community in shock.T...Published: 05 Jan 2024 at 05:52hrs | 15 | by Staff reporter
World Bank calls on Zimbabwe to develop insurance scheme for informal workers
The World Bank, a global financial institution, has urged Zimbabwe to establish an insurance scheme for workers in the informal sector. The recommendation includes utilizing the mobile money ecosystem...Published: 31 Dec 2023 at 19:48hrs | 8 | by Staff reporter
Zimdollar bloodbath set to continue into coming year
THE depreciation of the Zimbabwe dollar in 2023 is likely to spill into 2024, with experts forecasting an increase in the cost of doing business, production and increased pressure on the exchange rate...Published: 30 Dec 2023 at 16:33hrs | 10 | by Staff reporter
Magnifying the gains from migration in Zimbabwe
THE recent World Development Report proposes a simple framework to analyse cross-border migration. It juxtaposes the motive for migration and the "match" between migrants' attributes and the destinati...Published: 29 Dec 2023 at 19:35hrs | 7 | by Staff reporter
World Bank hails Zimbabwe's tight Monetary Policy stance
THE World Bank (WB) has commended the Reserve Bank of Zimbabwe (RBZ) for putting in place a tight Monetary Policy alongside other interventions which have managed to ease inflationary pressures....Published: 14 Dec 2023 at 03:57hrs | 1 | by Staff reporter
Anthrax outbreak hits Zimbabwe, four other countries
ZIMBABWE and four other countries in southern and eastern Africa are experiencing an anthrax outbreak with the World Health Organisation (WHO) calling for action to end the spread of the disease....Published: 14 Dec 2023 at 03:53hrs | | by Staff reporter
Biti rips into Ncube's 'disastrous' budget
FORMER Finance minister Tendai Biti has described the 2024 budget as a disaster amid concerns that the proposed raft of taxes will deepen Zimbabwe's poverty levels and worsen the economic challenges....Published: 03 Dec 2023 at 17:33hrs | 11 | by Staff reporter
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 12 | by Staff reporter
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