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BBC accused of plot to destabilise Niger
NIGER has suspended the operations of the British media company, BBC, owing to the suspicion that the company is trying to disrupt the country's peace.Niger's government has suspended the UK-b...Published: 15 Dec 2024 at 09:41hrs | 526 | by Staff reporter
South Africa running out of money at an alarming rate
Efficient Group chief economist Dawie Roodt has warned that South Africa is heading for a financial crisis due to its growing debt burden.Speaking to State of the Nation's Mark Sham, Roodt sai...Published: 09 Dec 2024 at 15:15hrs | 724 | by Staff reporter
RBZ keeps rates steady
Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks ...Published: 05 Dec 2024 at 06:55hrs | 444 | by Staff reporter
Zimbabwe's central bank claims success in stabilising rate and inflation
The Reserve Bank of Zimbabwe (RBZ) has announced significant progress in stabilising the country's exchange rate and inflation following a series of monetary policy interventions, including a cumulati...Published: 04 Dec 2024 at 14:23hrs | 291 | by Staff reporter
Upgrade of Hwange thermal station's old units begins
Officials from India's Jindal Steel and Power Company are finalising contracts and assessments for a major refurbishment of six aging generation units at the Hwange Thermal Power Station. The ambitiou...Published: 01 Dec 2024 at 08:49hrs | 124 | by Staff reporter
Zimbabwe achieves record wheat harvest
Zimbabwe has achieved a record-breaking wheat harvest of over 560,000 tonnes for the 2024 season, surpassing last year's production of 467,905 tonnes. This marks the second consecutive year the countr...Published: 24 Nov 2024 at 09:59hrs | 644 | by Staff reporter
Mozambique bans protests
Mozambique's government has banned protests following sustained post-election unrest that has left several people dead and dozens others injured.It follows last month's disputed presidential e...Published: 16 Nov 2024 at 14:26hrs | 942 | by Staff reporter
Mozambican must exercise maximum force to put an end to these disruptions
The Mozambican state leadership must exercise maximum force to put an end to these disruptions and uphold the stability of the state and SADC region. It is completely unacceptable for a politician who...Published: 07 Nov 2024 at 14:00hrs | 840 | by Dereck Goto
Zimbabwe govt posts ZiG3,4bn budget deficit
GOVERNMENT has reported a ZiG3,4 billion budget deficit for the first nine months of the year owing to inflationary pressures and growing expenditure.Finance, Economic Development and Investme...Published: 07 Nov 2024 at 07:13hrs | 269 | by Staff reporter
Zimbabwe diplomats to sign performance contracts
PRESIDENT Mnangagwa has rallied Zimbabwe's diplomats worldwide to attract investments, boost tourism, and enhance trade opportunities.To this end, all the country's diplomats will in fut...Published: 07 Nov 2024 at 07:02hrs | 191 | by Staff reporter
Why Kamala Harris Lost and How Donald Trump Won: A Deep Analysis of the 2024 US Election
Today I am mourning, but this too shall favour me - Donald Trump's victory and Kamala Harris's loss carry lessons for us all. She joined the race just 107 days ago, facing a former president who began...Published: 06 Nov 2024 at 12:43hrs | 1722 | by Ifeanyi Abraham
Zimbabwean activist engages Hichilema to cancel Chivayo linked tender
Zimbabwean activists based in South Africa have called on Zambian President Hakainde Hichilema to block Ren-Form, a South African printing company, from supplying election materials in Zambia's upcomi...Published: 02 Nov 2024 at 08:43hrs | 1543 | by Staff reporter
SADC in a mess
The brutal killing of opposition lawyer Elvino Dias and a party official, Paulo Guambe, on Saturday in Mozambique puts a gloomy picture on the region. Instead of engaging in such horrific activities, ...Published: 23 Oct 2024 at 19:27hrs | 435 | by Leonard Koni
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
Delay on Lake Gwayi-Tshangani project
The construction of large water booster pump stations at Lake Gwayi-Tshangani in Matabeleland North has revitalized efforts to provide a permanent solution to Bulawayo's long-standing water crisis. Th...Published: 17 Oct 2024 at 08:54hrs | 804 | by Staff reporter
Mnangagwa's adviser says ZiG is 'doomed', warns RBZ Governor
Local economist and adviser to President Emmerson Mnangagwa, Eddie Cross, has issued a stark warning to Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, cautioning that the country's new Zim...Published: 15 Oct 2024 at 18:10hrs | 5665 | by Staff reporter
ZiG adjustment stabilises prices, claims Mthuli Ncube
The recent adjustment of the exchange rate between the Zimbabwe Gold (ZiG) currency and the United States dollar has successfully stabilised market prices, Finance, Economic Development and Investment...Published: 05 Oct 2024 at 11:29hrs | 166 | 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
Hwange Units 7 and 8 set for scheduled maintenance
The Hwange Power Station's Units 7 and 8 will undergo scheduled maintenance during the upcoming festive season, a period when national power demand is traditionally lower due to the annual industry sh...Published: 29 Sep 2024 at 11:17hrs | 290 | by Staff reporter
An Open Letter to Finance Minister Mthuli Ncube
Dear Finance Minister Mthuli Ncube,As you navigate the complexities of Zimbabwe's economic landscape, a pressing matter deserves your urgent attention: the persistent depreciation of the Zimba...Published: 27 Sep 2024 at 22:51hrs | 842 | by Engineer Jacob Kudzayi Mutisi
Zimra goes after businesses rejecting ZiG
The Zimbabwe Revenue Authority (ZIMRA) has launched a sweeping operation targeting businesses that are evading taxes and undermining the Zimbabwean currency (ZiG or ZWG) by rejecting the local currenc...Published: 27 Sep 2024 at 12:29hrs | 1395 | by Staff reporter
Zimra launches crackdown on economic saboteurs
The Zimbabwe Revenue Authority (ZIMRA) has launched a nationwide blitz targeting businesses that evade taxes and undermine the local currency, the Zimbabwe Gold (ZiG), by either rejecting it or falsel...Published: 27 Sep 2024 at 08:16hrs | 144 | by Staff reporter
ZiG currency another scam
Introducing new currency every time and again is not the panacea to the challenges that the country is currently facing.The issue of currency needs a lot of input and everyone's heads on the d...Published: 19 Sep 2024 at 20:57hrs | 3770 | by Leonard Koni
Mnangagwa's govt in a fix as ZiG is rejected
The Zimbabwean government's efforts to promote the use of the Zimbabwe Gold (ZWG) currency have hit a major hurdle, as wheat farmers have refused to accept payment in local currency for their deliveri...Published: 18 Sep 2024 at 08:30hrs | 5450 | by Staff reporter
'Go no further,'.. Muzorewa tells Chamisa
The opposition United African National Council (UANC) party leader, Gwinyai Muzorewa has this Friday urged former Citizens for Coalition Change leader, Nelson Chamisa to swallow his pride and accept t...Published: 24 Aug 2024 at 17:21hrs | 2803 | by Gideon Madzikatidze
Mnangagwa turns to God for peaceful SADC summit
After jailing nearly 100 activists in the past two months, Zimbabwe President Emmerson Mnangagwa held a national breakfast prayer meeting on Wednesday in which he asked for God's guidance.The ...Published: 08 Aug 2024 at 07:57hrs | 1071 | by Staff reporter
NEC members disagreed with Cyril Ramaphosa
With the municipal elections looming, the ANC, leading the Government of National Unity (GNU) is in distress after some members of the ANC's national executive committee (GNU) d's stance that the ...Published: 05 Aug 2024 at 08:00hrs | 1340 | by Staff reporter
Jailed CCC activist undergoes operation
A Citizens Coalition for Change (CCC) activist injured when police raided a private event in Harare on June 16 and arrested her and 78 others has undergone an operation to fix a fracture on her left l...Published: 10 Jul 2024 at 08:08hrs | 19 | by Staff reporter
Churches call for peace ahead of SADC Summit
Indigenous churches have expressed their quest for sustainable peace before, during and after SADC Summit called on all citizens to be peaceful and avoid confrontation, amid perceived tension emanatin...Published: 07 Jul 2024 at 22:30hrs | 50 | by Gideon Madzikatidze
Mnangagwa fires Guvamatanga, then changes mind
President Emmerson Mnangagwa sacked finance secretary George Guvamatanga last week but then had a change of heart after he made a groveling apology, and following further representations by chief cabi...Published: 01 Jul 2024 at 10:56hrs | 12 | 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 | 81 | by Dr Bekithemba Mpofu
Challenging situation ahead for SA
THE latest from South Africa is that Cyril Ramaphosa has been elected president by the country's seventh Parliament.His election follows an agreement between the African National Congress (ANC...Published: 17 Jun 2024 at 09:24hrs | 2 | by Tapiwa Gomo
It never rains but, it pours for Zimbabwe's economy
For over ten years, Zimbabwe has struggled with its currency. Since 2008, this is the nation's sixth attempt to introduce a new one, the ZiG.Zimbabwe's central bank introduced the Zimb...Published: 18 May 2024 at 10:58hrs | 96 | by Dickson Chikwizo
Mthuli Ncube pleads for patience on ZiG
FINANCE minister Mthuli Ncube has pleaded for patience with the recently introduced Zimbabwe Gold (ZiG) currency amid an uproar from the public over the disruptions it has caused to transactions....Published: 12 Apr 2024 at 09:51hrs | | by Staff reporter
'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
'Mushayavanhu must assert himself as independent'
Businessman and economist, Nigel Chanakira, says the new Reserve Bank of Zimbabwe governor John Mushayavanhu must assert himself as an independent central banker to stabilise the local currency....Published: 11 Apr 2024 at 08:43hrs | | by Staff reporter
Zimswitch, EcoCash roll out new currency
FOLLOWING the unveiling of the new currency last Friday, the country's sole national payments platform and clearing house, Zimswitch, yesterday announced that it had completed the rollout of the ZiG p...Published: 09 Apr 2024 at 06:18hrs | 1 | by Staff reporter
Zimbabwe's new currency chaos
ZIMBABWEAN consumers were yesterday left stranded after businesses suspended trading using the Zimbabwe dollar following the introduction of a new currency on Friday.Reserve Bank of Zimbabwe (...Published: 07 Apr 2024 at 10:35hrs | 1 | by Staff reporter
Mnangagwa's foot in the mouth again
PRESIDENT Emmerson Mnangagwa has an uncanny ability to frequently put his foot in the mouth, sometimes without harm but his recent episode on structured currency has left a trail of economic disaster....Published: 07 Apr 2024 at 10:11hrs | 6 | by Paidamoyo Muzulu
Service providers stop trading in Zimdollars
A MAJORITY of service providers and shops in the country were yesterday rejecting payments in local currency arguing that they were migrating to the new Zimbabwe Gold (ZiG) currency in a development t...Published: 07 Apr 2024 at 10:07hrs | 1 | by Staff reporter
EcoCash suspends ZWL transaction
EcoCash, Zimbabwe's dominant mobile money group, has suspended ZWL transactions on its platform.EcoCash advised its clients through a customer note posted on social media.Said EcoCash, "Du...Published: 06 Apr 2024 at 08:31hrs | 1 | by Staff reporter
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | | by Staff reporter
All eyes on new RBZ boss
RESERVE Bank of Zimbabwe (RBZ) new governor John Mushayavanhu is facing a tough challenge as he is expected to immediately halt the freefall of the Zimbabwe dollar and stop the economic implosion blam...Published: 31 Mar 2024 at 16:36hrs | 2 | 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 | 15 | 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 | 7 | by Staff reporter
Zanu-PF's secret advice to ANC exposed
Zanu-PF's behind the scenes moves to have the courts bar exiled minister, Saviour Kasukuwere, from contesting the 2023 elections has been laid bare after it emerged the ruling party advised South Afri...Published: 26 Mar 2024 at 07:07hrs | 5 | by Staff reporter
Zesa struggling to clear debts
ZESA Holdings has revealed that it is barely managing to meet its foreign and local obligations owing to the country's tight economic situation.The utility is struggling to service a US$2 bill...Published: 20 Mar 2024 at 06:34hrs | | 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 | 10 | by Staff reporter
Starlink has not applied for operating licence in Zimbabwe
POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) said internet service provider Starlink has not applied for an operating licence, amid allegations that the government intends t...Published: 26 Feb 2024 at 04:53hrs | 1 | by Staff reporter
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