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Zimbabwe changes prison garb to orange
EVER imagined being turned away from a lunch-hour visit at a prison for donning a trendy orange jump suit and white sneakers or open-toed shoes worn by inmates in most Hollywood movies or South Africa...Published: 24 Oct 2021 at 13:58hrs | 3052 | by Staff reporter
$6.8bn govt funds saga raises dust
Parliament has raised concern over unauthorised expenditure by government amounting to $6.8 billion, describing it as an "unacceptable anomaly".Auditor-general Mildred Chiri, in reports releas...Published: 24 Oct 2021 at 09:29hrs | 345 | by Staff reporter
23 Bulawayo schools hit by Covid-19
A TOTAL of 23 learning institutions in Bulawayo have recorded Covid-19 cases since schools opened in September but officials said most have recovered and the situation was under control.Accord...Published: 24 Oct 2021 at 09:29hrs | 365 | by Staff reporter
'Mthuli must present people-centric budget'
FINANCE minister Mthuli Ncube has been urged to come up with a people-centric 2022 National Budget and move away from past practices where the Defence ministry got the lion's share at the expense of s...Published: 19 Oct 2021 at 06:29hrs | 407 | by Staff writer
'Loadshedding to go in three months'
LOADSHEDDING being experienced in the country will be a thing of the past in three months' time as the Zimbabwe Electricity Supply Authority (Zesa) is employing a number of measures to ensure there is...Published: 19 Oct 2021 at 06:28hrs | 708 | by Staff writer
US$1,5 billion circulating in black market, says RBZ
FRESH evidence of plummeting confidence in Zimbabwe's banking sector has emerged, with central bank deputy chief Kuphukile Mlambo saying up to US$1,5 billion could be exchanging hands outside formal b...Published: 17 Oct 2021 at 09:08hrs | 1410 | by Staff reporter
Zimdollar plunges into death spiral
ZIMBABWE's currency is in a death spiral and headed for a tragic end, two years after it was re-introduced into circulation, stoking fears of the 2008 hyperinflationary era where the government was fo...Published: 15 Oct 2021 at 20:22hrs | 2956 | by Staff reporter
Forex auction revitalises economy, claims RBZ
THE foreign currency auction introduced by Government last year has been critical in revitalising the economy despite deliberate inflation of black market exchange rates by some unscrupulous businesse...Published: 15 Oct 2021 at 06:18hrs | 118 | by Staff reporter
'Zimbabwe has enough forex to sustain economy'
THE foreign currency auction introduced by Government last year has been critical in revitalising the economy despite deliberate inflation of black market exchange rates by unscrupulous businesses and...Published: 15 Oct 2021 at 06:17hrs | 121 | by Staff reporter
Zesa promises to improve electricity supply
Electricity supplies are set to improve soon as Zesa completes a cocktail of interventions to end the major load shedding that has hit residential areas hard and has even affected industrial areas alt...Published: 14 Oct 2021 at 06:22hrs | 148 | by Staff reporter
Zimbabwe in new electricity import deals
Zimbabwe is negotiating for new power supply deals with Zambia and Mozambique, which could see the country importing additional 280 megawatts from the two countries, Energy and Power Development Minis...Published: 13 Oct 2021 at 06:09hrs | 462 | by Staff reporter
The impact of US sanctions on Zimbabwe
WHEN the American government passed the Zimbabwe Democracy and Economic Recovery Amendment (Zidera) Act 20 years ago, it argued that the Act was not intended to punish ordinary Zimbabweans but to targ...Published: 12 Oct 2021 at 06:00hrs | 447 | by Eddie Cross
Top economist warns of Zimbabwe dollarisation
ZIMBABWE is expected to dollarise its economy because of the collapse of the local currency and the failure of its auction system to stabilise the exchange rate, renowned scholar and economist Gift Mu...Published: 11 Oct 2021 at 06:00hrs | 3521 | by Staff reporter
'People of Zimbabwe have become sanctions collateral damage'
WHEN the American government passed the Zidera Act 20 years ago, they argued that the Act was not intended to punish the people of Zimbabwe but to target those individuals and organisations that, in t...Published: 11 Oct 2021 at 05:54hrs | 182 | by Eddie Cross
Africa's future is being sold out even as we speak
Even if one disagrees with their policies, one must recognise that European policies towards Africa and Asia were guided and designed by deep thinkers in their societies.African leaders today ...Published: 10 Oct 2021 at 06:56hrs | 746 | by Kenneth Mufuka
'US$500m changing hands outside banks'
ABOUT US$500 million could be circulating outside Zimbabwe's banking system, Reserve Bank of Zimbabwe (RBZ) estimates showed last week, as industries said they had raised only a fraction of billions r...Published: 08 Oct 2021 at 19:03hrs | 876 | by Staff reporter
Chombo can now freely rejoin the feeding trough
THE nation celebrates with Ignatius Chombo, who can now freely join the national feeding trough in peace.It was announced this week that all charges against the man had been dropped, seeing as...Published: 08 Oct 2021 at 19:02hrs | 546 | by Muckracker
Who is behind forex dealers?
NO matter how well-meaning and determined, the Reserve Bank of Zimbabwe (RBZ) could be towards uprooting rampant delinquency in the economy, the effort may count for nothing if other institutions are ...Published: 05 Oct 2021 at 06:38hrs | 1366 | by Nathan Gurira
Sanctions are real, but we're shooting ourselves in the foot
No matter how well-meaning and determined the Reserve Bank of Zimbabwe (RBZ) could be towards uprooting rampant delinquency in the economy, the effort may count for nothing if other institutions that ...Published: 05 Oct 2021 at 06:32hrs | 206 | by Nathan Gurira
Zimbabwe set to be major steel producer
A third major steelworks is now scheduled for Zimbabwe as the country moves rapidly forward as a major steel producer in Africa with local firm Steelmakers set to start building a steel mill in Masvin...Published: 05 Oct 2021 at 06:30hrs | 280 | by Staff reporter
RBZ takes forex rate war to the streets
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the apex bank will continue its crackdown against black market kingpins to rid the market of delinquent behaviour.In an interview wit...Published: 01 Oct 2021 at 08:05hrs | 4161 | by Staff reporter
Reserve Bank panics as exchange rates spiral
MONETARY authorities revised annual inflation targets upwards on Monday before lining up a sea of fresh policy proposals to government, as they scurried to stem a "worrisome" surge in parallel market ...Published: 01 Oct 2021 at 08:02hrs | 2676 | by Staff reporter
'Zimbabwe governed by roving bandits'
OPPOSITION MDC Alliance vice-president Tendai Biti yesterday accused government of placing the country under siege, saying this had resulted in ordinary Zimbabweans living under very harsh economic co...Published: 01 Oct 2021 at 07:58hrs | 420 | by Staff reporter
Zimbabwe set for US$1,1 billion current account surplus
ZIMBABWE's current account is projected to register a stronger surplus position of about US$1, 091 billion this year, higher than the initial projection of US$611,5 million, the Reserve Bank of Zimbab...Published: 01 Oct 2021 at 07:52hrs | 201 | by Staff reporter
Mthuli Ncube considers adjusting tax bands to cushion workers
TREASURY is set to adjust tax bands for workers' in order to reverse the erosion of incomes and boost consumer purchasing power in the face of price escalation driven by speculative parallel market ac...Published: 29 Sep 2021 at 06:40hrs | 1502 | by Staff reporter
Transfer of health workers starts
Cabinet received an update on the country's response to the Covid-19 outbreak, which was presented by the Minister of Defence and War Veterans Affairs, Honourable OCZ Muchinguri-Kashiri, as chairperso...Published: 29 Sep 2021 at 06:37hrs | 248 | by Staff reporter
Mnangagwa challenges professionals
PRESIDENT Mnangagwa has challenged local professionals to continuously play a part in building the economy through good corporate governance and accountability, as he reiterated the importance of coll...Published: 25 Sep 2021 at 06:03hrs | 114 | by Staff reporter
Mnangagwa demands accountability
All Zimbabwean professionals must play a part in building the economy through good corporate governance and accountability, President Mnangagwa said yesterday as he reiterated the importance of collab...Published: 25 Sep 2021 at 06:02hrs | 1386 | by Staff reporter
Shameless, unpatriotic citizens sell out Zimbabwe in UK
AS President Mnangagwa prepares to visit the United Kingdom in a trip which will see him gracing the Kingdom of Scotland, Zimbabweans are in high morale hoping to see their leader as he lifts the nati...Published: 25 Sep 2021 at 06:01hrs | 585 | by Dr Masimba Mavaza
If govt is posting surpluses, why are Zimbabweans in this mess?
THIS week, Finance Minister Mthuli Ncube was struggling to convince millions of poverty-stricken Zimbabweans that the country has been posting healthy budget surpluses, and that their problems were be...Published: 24 Sep 2021 at 09:25hrs | 273 | by Esau Mandipa
Foreign currency receipts surge
ZIMBABWE'S foreign currency receipts increased by 32% to US$5,09 billion during the eight months ended August 7, 2021, as industries shook-off the effects of a difficult 2020 to ship more products to ...Published: 24 Sep 2021 at 09:22hrs | 460 | by Staff reporter
Mnangagwa proud of industry revival
PRESIDENT Mnangagwa yesterday expressed pride over the positive strides being registered by the country's industries - taking advantage of the supportive Government policy reforms. These have enhanced...Published: 24 Sep 2021 at 09:02hrs | 96 | by Staff reporter
Don't criticise my budget surplus, says Mthuli Ncube
FINANCE minister Mthuli Ncube yesterday said Zimbabweans should not criticise his budget surplus, and claimed that his austerity measures had saved the economy from an economic collapse induced by the...Published: 23 Sep 2021 at 06:33hrs | 1047 | by Staff reporter
Chamisa says living in Zimbabwe a struggle
OPPOSITION MDC Alliance leader Nelson Chamisa has accused President Emmerson Mnangagwa's administration of making citizens' lives a living hell, especially with the underperforming economy turning the...Published: 21 Sep 2021 at 06:17hrs | 1584 | by Staff reporter
Govt says it has enough number plate stocks
GOVERNMENT says it now has adequate stocks of vehicle registration plates and will make it mandatory by December for every vehicle to have number plates to reduce cases of hit-and-run by unregistered ...Published: 20 Sep 2021 at 07:14hrs | 324 | by Staff reporter
Zimbabwean starlet Chikukwa closes in on Watford move
Zimbabwean youth footballer Jimiel Takunda Chikukwa is poised to join English Premier League side Watford on a free transfer after quitting Leeds United, Football Insider revealed.The 18-year-...Published: 19 Sep 2021 at 08:49hrs | 397 | by Staff reporter
Zimbabwe's 2nd Republic of contradictions, inconsistencies
DEVELOPMENTS in the past few days and weeks have shown that those in charge of our so-called Second Republic are nothing more than a clueless bunch given to gross lies, glaring contradictions and emba...Published: 17 Sep 2021 at 06:26hrs | 485 | by Luke Tamborinyoka
Zimbabwe set to up platinum output
Zimbabwe is expected to add up to 4% (about 17 thousand ounces (koz)) of platinum production volumes as a backlog of semi-finished inventory is refined in south Africa on the back of easing disruption...Published: 17 Sep 2021 at 06:18hrs | 105 | by Staff reporter
Zimbabwe seeks more power from Mozambique, Zambia
Zimbabwe is negotiating with Mozambique and Zambia to import 280MW of electricity to ease the shortages that have seen load shedding, Energy and Power Development Minister Zhemu Soda told the National...Published: 16 Sep 2021 at 05:53hrs | 553 | by Staff reporter
Govt projects increase in barley hectarage
GOVERNMENT is projecting barley hectarage to increase to 360 000 in the next three years up from the current 7 000 hectares owing to an accelerated irrigation plan that has been put in place, a govern...Published: 13 Sep 2021 at 05:55hrs | 78 | by Staff reporter
Mthuli Ncube to launch US$ bond on VFEX
WITH the Victoria Falls Stock Exchange (VFEX) being one of the innovation reforms meant to support the process of financial deepening, Government is working on launching a US$ bond and list it on the ...Published: 05 Sep 2021 at 06:58hrs | 1849 | by Staff reporter
Matabeleland South villagers face hunger
THE majority of families from drought-prone areas might be in need of urgent food aid as their available food stocks have dropped sharply, a food insecurity monitoring agency has warned.A Mata...Published: 02 Sep 2021 at 06:20hrs | 569 | by Staff reporter
2021 Mid Term Monetary & Budget analysis
The latest mid-term budget and monetary policy statements were presented in a low key mode with emphasis on avoiding policy shocks that can rock the economy. The Zimbabwean government revised upwards ...Published: 01 Sep 2021 at 15:30hrs | 486 | by Victor Bhoroma
Qatar offers fresh market for Zimbabwe products
LOCAL exporters should take advantage of the direct flights between Zimbabwe and Qatar to tap into the US$25,8 billion Western Asian market. Early this month, Qatar Airways announced the introduction ...Published: 31 Aug 2021 at 06:07hrs | 605 | by Staff reporter
Zimbabwe exports increase by 35,5%
THE value of exports from Zimbabwe increased by 35,5 percent in the first six months of the year to US$2,52 billion compared to US$1,86 billion in the corresponding period last year, official data sho...Published: 26 Aug 2021 at 06:35hrs | 292 | by Staff reporter
Zimbabwean young farmers lead the charge in agriculture
Agriculture in Zimbabwe is on an upswing and young people are the driving force. For example, the country is set to harvest 2.8 million tons of maize this year, triple the 2020 harvest, and making it ...Published: 22 Aug 2021 at 15:42hrs | 1015 | by Audrey Simango
Zimbabwe, Zambia and SA record maize surplus
DESPITE the good rains received in the last cropping season, an estimated 47,6 million people are in need of food aid in Southern Africa with Zimbabwe, Zambia and South Africa being among the few stat...Published: 17 Aug 2021 at 07:14hrs | 340 | by Staff reporter
Zimbabwe's COVID-19 budget dries up
ZIMBABWE'S COVID-19 fight might soon go off the rails if government does not urgently mobilise additional funding after exhausting US$93,2 million of the US$100 million budgeted for vaccine imports, w...Published: 02 Aug 2021 at 07:47hrs | 522 | by Staff reporter
'Mthuli Ncube's strategy will help him avoid fresh borrowings'
THE global economy contracted 4,3% in 2020 against a background of the United States-China trade war, Brexit and the unprecedented Covid-19 pandemic, which saw countries imposing strict lockdowns that...Published: 01 Aug 2021 at 06:45hrs | 312 | by Inter HorIzon Securities
Mr Cross's zeal with limited knowledge, a danger to macro-economic stability
Mr Eddie Cross's article titled "Challenges facing the foreign exchange auction" made a lot of casual reading amusement, especially for those amongst us uninitiated in the domain of macro-economic ana...Published: 31 Jul 2021 at 19:32hrs | 992 | by Jameson Dapi
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