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Zanu-PF wants govt to enforce 'use it or lose it policy' in mining
ZANU-PF has instructed the government to amend legislation on exclusive prospecting orders (EPOs) and enforce the "use it or lose it" policy to prevent mining companies and individuals from holding cl...Published: 02 Nov 2024 at 08:35hrs | 197 | by Staff reporter
RBZ blames speculative behaviour for ZiG's woes
The Reserve Bank of Zimbabwe (RBZ) has attributed the recent collapse of the newly introduced Zimbabwe Gold (ZiG) currency to rampant rent-seeking behavior and speculative activities within the parall...Published: 20 Oct 2024 at 14:12hrs | 236 | by Staff reporter
ZiG struggles persist
The woes surrounding the Zimbabwe Gold (ZWG) currency show no signs of abating, as retailers continue to implement a three-tier pricing system for products, complicating consumer transactions and unde...Published: 15 Oct 2024 at 08:39hrs | 2782 | by Staff reporter
Zimbabwe govt says 'no shortages of basic commodities'
The Government has dismissed claims of shortages of basic commodities in the formal market, attributing the perceived scarcities to economic agents redirecting supplies to the informal sector. In a po...Published: 15 Oct 2024 at 08:28hrs | 166 | by Staff reporter
Mthuli Ncube assures Zimbabweans amid ZiG volatility concerns
Finance Minister Mthuli Ncube has reassured Zimbabweans that there is no cause for alarm regarding potential volatility of the Zimbabwe Gold (ZWG) currency, citing the country's balanced local currenc...Published: 12 Oct 2024 at 11:22hrs | 376 | by Staff reporter
Mnangagwa, central bank deliver damp squibs
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has come under heavy criticism from leading economists, who say it lacked concrete solutions to arrest the nation's spiraling e...Published: 11 Oct 2024 at 18:33hrs | 1320 | by Staff reporter
CCC MPs demand Mnangagwa action as ZiG devalues
Opposition Members of Parliament (MPs) have expressed frustration over the continued devaluation of Zimbabwe's local currency, the Zimbabwe Gold (ZWG), urging the government to address the nation's lo...Published: 03 Oct 2024 at 16:25hrs | 954 | by Staff reporter
Mr. President, you'll never fix the economy when you behave like a witchdoctor!
When I was listening to President Emmerson Dambudzo Mnangagwa delivering his State of the Nation Address (SONA) yesterday, I hoped he would finally provide solutions to the country's economic crisis....Published: 03 Oct 2024 at 10:45hrs | 791 | by Tendai Ruben Mbofana
Mnangagwa warns forex dealers
In a bold move to stabilize the beleaguered Zimbabwe Gold (ZWG) currency, President Emmerson Mnangagwa announced on Wednesday that 50% of mining royalties will be allocated to bolster the currency's r...Published: 03 Oct 2024 at 08:58hrs | 1079 | by Staff reporter
Zimbabwe govt working on currency stability
In a comprehensive State of the Nation Address delivered yesterday at the new Parliament Building in Mt Hampden, President Emmerson Mnangagwa highlighted the government's ongoing efforts to stabilize ...Published: 03 Oct 2024 at 08:47hrs | 167 | by Staff reporter
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 54 | by Staff reporter
RBZ raises bank policy rate to 35%
The Reserve Bank of Zimbabwe (RBZ) has announced significant measures to tackle resurgent exchange rate volatility and mitigate inflationary pressures. Effective immediately, the bank policy rate has ...Published: 27 Sep 2024 at 15:29hrs | 1310 | by Staff reporter
'Zimbabwe's feja-feja economics not working'
Major retail shops in Zimbabwe adjusted their exchange rates to ZiG30 per dollar yesterday as the local currency continued to falter, a day after President Emmerson Mnangagwa accused economic "saboteu...Published: 27 Sep 2024 at 08:26hrs | 284 | by Staff reporter
Mnangagwa addresses Zanu-PF factionalism amid 3rd-term speculations
President Emmerson Mnangagwa took decisive action to quell rising factional tensions within Zanu-PF during the 378th ordinary session of the party's politburo yesterday. This comes in the wake of incr...Published: 26 Sep 2024 at 09:58hrs | 1154 | by Staff reporter
Chiwenga backs ZiG
Zimbabwe's monetary policy framework, coupled with the introduction of a stable currency, the Zimbabwe Gold (ZiG), has fostered transactional simplicity, certainty and predictability in the country's ...Published: 13 Sep 2024 at 13:10hrs | 2085 | by Staff reporter
Zimbabwe Central Bank issues revised forex market guidelines
The Reserve Bank of Zimbabwe (RBZ), through its Exchange Control department, has issued updated guidelines and compliance parameters for the interbank foreign exchange market, emphasizing the limitati...Published: 04 Sep 2024 at 07:46hrs | 126 | by Staff reporter
Exploring the Potential Characteristics of BPC-157 and TB-500
The study of peptides has garnered significant attention within the scientific community, particularly concerning the properties and impacts of synthetic peptides such as BPC-157 and TB-500. These ...Published: 06 Aug 2024 at 17:50hrs | 326 | by Staff Reporter
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 14 | by MMatigary
Mnangagwa legitimacy challenger's criminal charges quashed
ZANU-PF activist Sybeth Musengezi has been acquitted of fraud charges by a Harare magistrate. Musengezi was accused of falsely representing his residential address to Zanu-PF for personal gain. He den...Published: 02 Jul 2024 at 12:41hrs | | by Staff reporter
Zivhu rules Chiwenga out of succession equation
Controversial Zanu-PF member Killer Zivhu has sparked a political storm in Zimbabwe with his bold declaration about the future presidency. In a significant social media post, Zivhu hinted at a future ...Published: 01 Jul 2024 at 04:06hrs | 9 | by Staff reporter
Zimbabwe in top five Bitcoin markets
Zimbabwe has emerged as one of the top five African nations embracing Bitcoin and other digital currencies, according to a report by Equity Axis. This finding coincides with recent efforts by Zimbabwe...Published: 30 Jun 2024 at 18:30hrs | 2 | by Staff reporter
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 80 | by Dr Bekithemba Mpofu
Mnangagwa legitimacy challenger acquitted
A Harare magistrate has acquitted ZANU-PF activist Sybeth Musengezi of electoral fraud charges after he contested President Emmerson Mnangagwa's legitimacy. Musengezi had filed a court applica...Published: 22 Jun 2024 at 14:23hrs | 7 | by Staff reporter
REVEALED: How John Steenhuisen could become South Africa's next President
In the aftermath of the 29 May elections, South Africa's political landscape is poised for dramatic changes. With the African National Congress (ANC) securing only 40.18% of the vote, insufficient to ...Published: 03 Jun 2024 at 15:57hrs | 5 | by Mandla Ndlovu
'Increase in sugar prices unwarranted'
THE Confederation of Zimbabwe Retailers (CZR) has expressed concern over speculative pricing of sugar on the local market.In a statement yesterday, CZR president Denford Mutashu said the recen...Published: 12 Apr 2024 at 09:49hrs | | by Staff reporter
Why Mnangagwa cut short Mangudya's Zimbabwe Reserve Bank stay
PRESIDENT Emmerson Mnangagwa was yesterday forced to retire Reserve Bank of Zimbabwe (RBZ) governor John Mangudya a month earlier to give his successor room to come up with fresh measures to stabilise...Published: 29 Mar 2024 at 04:52hrs | 13 | by Staff reporter
Gold set to anchor Zimbabwe dollar
GOLD has emerged as the most ideal instrument likely to be used to anchor the structured currency the Government is pursuing to stabilise the exchange rate and curtail persistent inflation.The...Published: 10 Mar 2024 at 06:23hrs | 9 | by Staff reporter
Job Sikhala acquitted
FORMER CCC activist Job Sikhala was yesterday acquitted on charges of inciting people to engage in violence during demonstrations in July 2020.Sikhala had been charged with incitement to...Published: 06 Mar 2024 at 04:45hrs | | by Staff reporter
'23 years of sanctions embolden Zimbabwe'
ZIMBABWE'S story is that of resilience, innovation, people-centred policies and the undying resolve to defeat illegal Western sanctions that have continued to pound the country for over 23 years....Published: 14 Feb 2024 at 04:39hrs | | by Staff reporter
Zimbabwe's EPOs are only being held for speculative purposes
Calls have intensified for the Government to review the issuance of Exclusive Prospecting Orders (EPOs) by the Ministry of Mines and Mining Development following revelations that the majority of them ...Published: 08 Feb 2024 at 04:27hrs | | by Staff reporter
Mnangagwa to introduce structured currency in Zimbabwe
PRESIDENT Mnangagwa has said the country will soon be introducing its structured currency as the Government implements measures to arrest price hikes while creating a conducive economic environment....Published: 06 Feb 2024 at 15:00hrs | | by Staff reporter
Fresh measures to prop up Zimdollar
The GOVERNMENT is set to unveil new interventions, which may include reforming the foreign currency auction system and boosting foreign currency supply in the market, to deal with the recent volatilit...Published: 21 Jan 2024 at 07:27hrs | | by Staff reporter
Zimdollar worse off since 2022
THE local currency, the Zimbabwean dollar, has continued to depreciate against the United States dollar on an unrestrained trajectory, despite various measures implemented by the Reserve Bank of Zimba...Published: 03 Dec 2023 at 19:20hrs | 8 | by Tinashe Duma
US$11m LP gas depot complete
GAS supplies are now more assured with the operationalisation of the first phase of the US$11 million liquefied petroleum gas (LPG) storage and handling facility with a holding capacity of 650 tonnes ...Published: 30 Nov 2023 at 06:51hrs | 9 | 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 | 10 | by Staff reporter
Depleted local food produce constrains access to income ahead of 2024 season: FEWS NET
The Famine Early Warning Systems Network (FEWS NET) has reported that depleted own-produced food stocks, has constrained access to income, and high food prices will likely drive Crisis (IPC Phase 3) o...Published: 27 Nov 2023 at 13:26hrs | 8 | by Stephen Jakes
Innovative Ventures: Investing in Startups and High-Yield Bonds
High-risk investments often bear a striking resemblance to the world of casinos—a realm filled with the allure of great rewards and the ever-present risk of substantial losses. In this article, we'l...Published: 27 Nov 2023 at 12:32hrs | 14 | by Staff Reporter
Graft rocks Midlands Mines office
The Anti-Corruption Trust of Southern Africa (ACT-SA) has published a report that exposes widespread corruption purportedly occurring at the offices of the Midlands provincial mining department (PMD)....Published: 10 Oct 2023 at 07:47hrs | 3 | by Staff reporter
Zimbabwe's small scale miners take Minister to task over bottlenecks
The Zimbabwe Miners Federation (ZMF) convened with the newly appointed Mines Minister on Friday to discuss the complex challenges afflicting the sector.Annually, the sector's miners contribute...Published: 01 Oct 2023 at 07:25hrs | | by Staff reporter
Delays in issuance of mining certificates worrying
The Zimbabwe Miners Federation (ZMF) has expressed deep concern over the protracted delays in the issuance of mining certificates, citing that this has led to unnecessary disputes arising from the ove...Published: 30 Sep 2023 at 07:43hrs | | by Staff reporter
Is Forex Trading Halal or Haram? A Comprehensive Analysis
Forex trading, or the act of exchanging currencies on the foreign exchange market, is a topic of debate in various circles, particularly among Muslims who seek to ensure that their trading activities ...Published: 24 Sep 2023 at 18:39hrs | 21 | by Staff Reporter
Mutapa looting machine
PRESIDENT Emmerson Mnangagwa is full of surprises.He wants to be seen to be doing something and, in many instances, creates new offices that in reality are as clear as mud.Mutapa Inves...Published: 23 Sep 2023 at 21:34hrs | | by Paidamoyo Muzulu
RBZ to investigate schools inflating fees using black market rates
The Financial Intelligence Unit (FIU) of the Reserve Bank of Zimbabwe (RBZ) has said it will investigate and take punitive measures against schools that are inflating figures of school fees in local c...Published: 13 Aug 2023 at 08:58hrs | 14 | by Staff Reporter
Zanu-PF wins 3 Parly seats unopposed after High Court ruling
THE High Court yesterday nullified the National Assembly candidature of 18 members of various political parties who filed their nomination papers outside the timeframes when the Nomination Court sat l...Published: 28 Jul 2023 at 06:43hrs | | by Staff reporter
Zimbabwe govt punishes rogue businesses
THE Ministry of Finance and Economic Development has suspended trading licences for 17 pharmacies for violation of the Exchange Control directives and Government policy where they were using speculati...Published: 12 Jul 2023 at 08:16hrs | | by Staff reporter
Baker's Inn slashes bread prices
Baker's Inn Bakery has reduced the price of bread alleviating the strain on the pockets of Zimbabweans.In an era where rising costs have become the norm, Baker's Inn, has emerged as a knight i...Published: 07 Jul 2023 at 07:36hrs | 7 | by Staff reporter
Mnangagwa warns against foreign interference
President Emmerson Mnangagwa has issued a warning to Western countries not to meddle in Zimbabwe's internal affairs, claiming that the country's people will remain united.He said this last wee...Published: 06 Jul 2023 at 17:53hrs | | by Staff reporter
Zimdollar shortage hits market
A serious shortage of Zimbabwe dollar has hit the market on fiscal and monetary policy measures amid fears the crunch will affect aggregate demand.The liquidity squeeze follows recent me...Published: 30 Jun 2023 at 16:08hrs | | by Staff reporter
More support to grow Zimbabwe's small mining sector
SMALL-SCALE miners are at the centre of economic development in the country and Government will do everything possible to support them and improve their operating environment, President Mnangagwa has ...Published: 29 Jun 2023 at 06:25hrs | 7 | by Staff reporter
Zimdollar in first time gain on RBZ Auction
THE ZW$ value firmed up by 8,6% on the Reserve Bank of Zimbabwe Auction platform , signalling improved widespread usage of the local currency on the back of the economy's swift response to economic me...Published: 28 Jun 2023 at 20:27hrs | | by Staff reporter
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