Search / Stabilisation
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 | 248 | by Innocent Mujeri
Bulawayo pegs 2025 budget at US$309m
The Bulawayo City Council (BCC) has unveiled a proposed budget of US$309 million for 2025, marking a 17% increase from the US$264 million budget for 2024. The proposal, presented by the Finance and De...Published: 30 Sep 2024 at 07:44hrs | 134 | by Staff reporter
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 61 | by Nick Mangwana
Niger, Mali and Burkina Faso signsa confederation treaty
Niger, Mali and Burkina Faso, three military-led West African states, signed a confederation treaty on Saturday, underscoring their determination to chart a joint course outside the regional political...Published: 07 Jul 2024 at 17:40hrs | 7 | by Staff reporter
Zimbabwe central bank sees slower economic growth of 2%
The Reserve Bank of Zimbabwe (RBZ) projects the economy to grow by 2% in 2024, which is slower than the government's earlier forecast of 3.5%. Despite the lower inflation outlook and market calls for ...Published: 27 Jun 2024 at 14:22hrs | | by Staff reporter
Mnangagwa's reckless statement to Putin positions Zimbabwe as a security threat
THE southern Africa region has, by and large, been regarded as a peaceful place.Save for a few conflict zones - such as Mozambique, Angola and the Democratic Republic of Congo - we have avoide...Published: 11 Jun 2024 at 07:50hrs | 1 | by Tendai Ruben Mbofana
Ramaphosa's ANC must not give us a mini-apartheid
In a powerful public pronouncement, ANC veteran Lindiwe Sisulu has called for a "Black Pact" alliance to counter the proposed coalition between the African National Congress and the Democratic Allianc...Published: 04 Jun 2024 at 07:36hrs | 1 | by Staff reporter
Mnangagwa to commission two small mines
PRESIDENT Mnangagwa will commission two new mines this week - Pickstone Peerless' underground gold mine project in Chegutu today, and Kamativi Lithium Mine near Hwange in Matabeleland North on Friday....Published: 10 Apr 2024 at 05:59hrs | | 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
Mnangagwa cuts short Mangudya's term at RBZ
President Emmerson Mnangagwa on Thursday brought forward by a month the appointment of John Mushayavanhu as the new Reserve Bank of Zimbabwe governor, hoping to stem the collapse of the local currency...Published: 28 Mar 2024 at 16:10hrs | 6 | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 2 | by Staff reporter
Chamisa's govt won't tell lies
Nelson Chamisa, the leader of the opposition party Citizens Coalition for Change (CCC) in Zimbabwe, has expressed his commitment to a government founded on truth. He emphasised that under his leadersh...Published: 07 Jan 2024 at 17:33hrs | 11 | by Staff reporter
Excavation work on Kariba Dam complete
THE Zambezi River Authority (ZRA) says the excavation of the plunge pool, a key component of the Plunge Pool reshaping sub-project of the Kariba Dam Rehabilitation Project, has been successfully compl...Published: 27 Dec 2023 at 07:29hrs | 9 | by Staff reporter
Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 5 | by Staff reporter
Power cuts, pipe bursts disrupt Bulawayo water supplies
REGULAR power cuts and pipe bursts are causing water shortages in Bulawayo amid calls by residents for authorities to find a lasting solution to the challenge.Bulawayo town clerk Christopher D...Published: 04 Dec 2023 at 15:58hrs | 7 | by Staff reporter
Mthuli Ncube's budget dilemma
DON'T tell me what you value, show me your budget and I'll tell you what you value:" Joe Biden.Ordinarily, Finance minister Mthuli Ncube should have presented the ZWL$47,8 trillion 2024 nation...Published: 25 Nov 2023 at 07:59hrs | 8 | by Paidamoyo Muzulu
CCC tells SADC what to do to solve Zimbabwe's 'political crisis'
The opposition Citizens Coalition for Change (CCC) has urged the Southern Africa Development Community (SADC) to address Zimbabwe's "political crisis" and avoid instability in the region ahead of the ...Published: 02 Nov 2023 at 20:17hrs | 7 | by Staff reporter
IMF tells Zimbabwe to end RBZ's quasi-fiscal activities
The International Monetary Fund (IMF) has implored Zimbabwe to end the central bank's quasi-fiscal activities among a raft of reforms to "fully restore macroeconomic stability".The Reserve Ban...Published: 26 Oct 2023 at 06:36hrs | 20 | by Staff reporter
Chamisa, UPND plot to launch Mango Diplomatic Offensive unmasked
A senior CCC official has vowed that the current government in Zambia would continue to push for the removal of ZANU PF from power. The official, a former senior police officer from Mashonaland West, ...Published: 28 Sep 2023 at 10:53hrs | | by Nkululeko Nkomo
Zambia convenes extraordinary meeting of the SADC Ministerial Committee of the Organ
The Government of the Republic of Zambia as Chair of the SADC Organ on Politics, Defence and Security Cooperation convened the Extraordinary Meeting of the Ministerial Committee of the Organ (EO MCO) ...Published: 09 Sep 2023 at 10:32hrs | | by Zambia
What legacy will Mnangagwa leave?
PRESIDENT Emmerson Mnangagwa was sworn in on Monday for his second and last term, according to the Constitution of Zimbabwe.His first term ran from 2018-2023 and now his final lap will take hi...Published: 08 Sep 2023 at 17:46hrs | | by Faith Zaba
Small progress on Beitbridge, Bulawayo -Victoria Falls road
SMALL progress has been recorded in the rehabilitation of the Beitbridge-Bulawayo- Victoria Falls Road with the contractor expected to complete about 20km of newly surfaced road within the next two we...Published: 30 Aug 2023 at 06:45hrs | 3 | by Staff reporter
Zimdollar depreciation scares Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube is concerned about the depreciation of the local currency against the greenback as he drafts the national budget for 2024, fearing Zimbabwe's fis...Published: 18 Aug 2023 at 18:10hrs | | by Staff reporter
Reserve Bank of Zimbabwe's external debt gives Treasury headache
TREASURY says taking over Reserve Bank of Zimbabwe (RBZ)'s external debt will make budget financing for the 2024 fiscal year difficult.On June 15, President Emmerson Mnangagwa issued Statutory...Published: 15 Aug 2023 at 06:34hrs | 8 | by Staff reporter
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
Mthuli Ncube always wanted to be in politics
FINANCE and Economic Development Minister, Professor Mthuli Ncube, who is also the Zanu-PF parliamentary candidate for Cowdray Park constituency in Bulawayo says his participation in mainstream politi...Published: 08 Aug 2023 at 06:48hrs | 8 | by Staff reporter
Zimbabwe to clear its foreign debt by the end of 2025
ZIMBABWEAN Finance Minister Mthuli Ncube says Harare will do all it can to clear its foreign debt by December 2025 to open fresh lines of credit that would help in revamping the floundering economy....Published: 07 Aug 2023 at 06:36hrs | 1 | by Staff reporter
'Sanctions have made Zimbabwe to be more innovative,' says Mnangagwa
THE level of development and economic transformation achieved in the last five years without access to global lines of credit is an indication that Zimbabwe under the Second Republic is effectively de...Published: 04 Aug 2023 at 06:46hrs | 7 | by Staff reporter
Shops cash in on Zimdollar change shortage
ZIMBABWE is currently battling a local currency liquidity crisis which has resulted in large retail shops failing to give change to consumers who buy goods in United States dollars (US$), NewsDay has ...Published: 01 Aug 2023 at 06:31hrs | 6 | by Staff reporter
Mthuli Ncube abandons TNF
FINANCE minister Mthuli Ncube, who is currently seized with political campaigns for the Cowdray Park parliamentary seat, has left workers seething with anger after he snubbed the crucial latest round ...Published: 27 Jul 2023 at 20:31hrs | 8 | by Staff reporter
Zimbabwe is under siege
GOOD day President Emmerson Mnangagwa. Your Excellency, my heart subscribes to the notion that Zimbabwe is completely under siege. As I see it, the country is overwhelmed with all manner of naked aggr...Published: 26 Jul 2023 at 06:40hrs | | by Cyprian M Ndawana
Chiwenga says govt will be merciless with perpetrators
VICE–PRESIDENT Constantino Chiwenga says government will be merciless with perpetrators of political violence in the run-up and after the August 23 elections.Chiwenga said this yesterday whi...Published: 25 Jul 2023 at 06:48hrs | | by Staff reporter
RBZ sweet-talks millers
The Reserve Bank of Zimbabwe Governor John Mangudya has sweet-talked millers to reduce prices of maize meal, flour and salt ahead of elections.After successfully meeting with a high-level dele...Published: 24 Jul 2023 at 20:32hrs | 4 | by Simbarashe Sithole
Criminal law amendment will close loopholes, says Zanu-PF
The Criminal Law (Codification and Reform) Amendment Act, which was signed into law last Thursday by President Mnangagwa, closes loopholes that were previously taken advantage of by the country's erst...Published: 17 Jul 2023 at 06:52hrs | 10 | 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
It's time for a new Zimbabwe currency
ZIMBABWE'S official month-on-month inflation figure for May was reported at 75,4% (CPI), by the Zimbabwe National Statistics Agency (ZimStats).The annual inflationary pressures for...Published: 08 Jul 2023 at 09:57hrs | 9 | by Kevin Tutani
Zimdollar remains the sole legal tender
THE Government has reiterated that the Zimbabwe dollar remains the sole legal tender and nothing can be billed exclusively in foreign currency without special exemption.This follows the contin...Published: 05 Jul 2023 at 07:14hrs | 18 | by Staff reporter
ZACC targets estate agents, exchange rate manipulators
The Zimbabwe Anti-Corruption Commission (ZACC) is out to net unscrupulous real estate agents and those accused of manipulating exchange rates to illegally push large amounts of foreign currency out of...Published: 17 Jun 2023 at 08:04hrs | | by Staff reporter
Zimdollar rescue mission too late
THE surprise move by Zimbabwe's fiscal and monetary authorities to liberalise the foreign exchange policy after months of shillyshallying amid a fixed rate could be a case of closing the stable door a...Published: 12 Jun 2023 at 06:45hrs | 2 | by Staff reporter
Mnangagwa is a crude version of Mugabe
FORMER Deputy Prime Minister Arthur Mutambara has offered a brutal analysis of President Emmerson Mnangagwa whom he says performed below par under his purview in the Government of National Unity (GNU)...Published: 11 Jun 2023 at 21:37hrs | 2 | by Staff reporter
Mnangagwa to meet first time voters today
First time voters drawn from all the country's 10 administrative provinces will today have an opportunity to interact with President Mnangagwa during an interface at Mucheke Stadium in Masvingo today ...Published: 09 Jun 2023 at 06:40hrs | | by Staff reporter
SA's troubles are mounting, IMF warns
The IMF has warned that SA faces "mounting economic and social challenges" as economic growth recedes, consumer and business sentiment remain weak, and energy and logistics crises deepen. It a...Published: 06 Jun 2023 at 18:11hrs | 1 | by Staff reporter
Zimbabwe's gold-backed digital tokens mop up $34bn excess liquidity
THE Reserve Bank of Zimbabwe (RBZ) has mopped up $34 billion through gold-backed digital tokens, which are part of measures to reduce liquidity in the market and expand the value-preserving instrument...Published: 06 Jun 2023 at 06:21hrs | | by Staff reporter
Redwing: a tale of plunder, impunity, chaos and death
Redwing Gold Mine, once touted as a giant gold mining venture capable of transforming the quality of life in the Penhalonga area of Manicaland province and a cash cow for the national economy, has bec...Published: 04 Jun 2023 at 12:12hrs | 7 | by Staff reporter
Zimbabwe satellite starts transmitting data
ZIMBABWE'S first earth-observation satellite, ZimSat-1, has started collecting data from space after undergoing successful orbital stabilisation.The satellite, which is monitored from the Mazo...Published: 04 Jun 2023 at 08:29hrs | 1 | by Staff reporter
Mthuli Ncube feels heat
THE government's ambitious growth projections are unlikely to be met because of protracted blackouts, which have stifled exports and further weakened the local currency.In December last year, ...Published: 02 Jun 2023 at 18:17hrs | 1 | by Staff reporter
The International Criminal Court a ridiculous organisation
The world has recently been surprised to hear that the ICC has issued a ‘warrant of arrest' for Russian President Vladimir Putin. The central charge against him is that he is responsible for the abd...Published: 02 Jun 2023 at 06:59hrs | | by Ian Beddowes
Zimdollar in spectacular crash
THE Zimbabwe dollar crashed by a whopping 60% against the United States dollar in May alone, underlining a raging economic crisis that has wiped salaries and sent prices soaring.Zimbabwe's eco...Published: 02 Jun 2023 at 06:48hrs | | by Staff reporter
'Mthuli Ncube's shop raids a publicity stunt'
ECONOMISTS have described Finance minister Mthuli Ncube's weekend raids on retail shops to check on pricing of basic commodities as a publicity stunt after failing to tame the country's runaway inflat...Published: 30 May 2023 at 06:48hrs | 2 | by Staff reporter
Massive price hikes throw the Zimbabwe economy into turmoil
THE Zimbabwean government is having sleepless nights over price hikes, which have continued unabated, plunging low-income earners into immense poverty, a snap survey by The NewsHawks.Commodity...Published: 28 May 2023 at 17:54hrs | | by Staff reporter
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