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Mr President, tell them that 'NO'!
WE all heard it.For the third time, President Emmerson Mnangagwa told the world that he will not seek to extend his stay in power.He has said it twice on home soil and said it again th...Published: 07 Sep 2024 at 10:11hrs | 263 | by newsday
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 | 9 | by Staff reporter
RBZ to issue gold coins on demand
The Reserve Bank of Zimbabwe (RBZ) says it will continue to mint more gold coins provided there is demand from the market, following the bullion coins' positive contribution to efforts aimed at taming...Published: 06 Feb 2023 at 04:51hrs | | by Staff reporter
370km of Harare-Beitbridge road open to traffic
The ongoing upgrade of the Harare-Masvingo-Beitbridge Highway into a modern road by the Second Republic has now seen a total of 370km being opened to traffic, with many other roads being reconstructed...Published: 05 Dec 2022 at 05:07hrs | | by Staff reporter
The day South Africa closes the border
THE past two decades have seen over 1,5 million Zimbabweans migrate to South Africa as economic refugees. Most of the refugees are unskilled and, therefore, directly compete with locals for menial job...Published: 27 Aug 2022 at 06:20hrs | 1 | by Paidamoyo Muzulu
Zimbabwean dollar gaining value
Parallel market exchange rate responds to RBZ measuresTREASURY has been hailed for tightening screws on money supply growth in the market, in a move credited for stabilising the foreign curren...Published: 09 Aug 2022 at 17:57hrs | 4 | by Staff Reporter
Investors talk up Zimbabwe gold coins
Mosi-oa-Tunya gold coins, which were released into the market by the Reserve Bank of Zimbabwe (RBZ) on July 25, are an alternative investment option to US dollars, stocks and the property market, and ...Published: 07 Aug 2022 at 08:17hrs | | by Staff reporter
Biti claims Zimbabwe iInflation now 430%
OPPOSITION Citizens Coalition for Change (CCC) deputy leader and Harare East legislator Tendai Biti has demanded a ministerial statement by Treasury on the country's worsening economic crisis....Published: 14 Jul 2022 at 07:37hrs | 1 | by Staff reporter
'Zimdollar at risk of complete rejection'
ZIMBABWE'S local currency is at "risk" of being shunned if runaway inflation isn't quelled, the country's largest business group said.Policy interventions implemented by authorities over the l...Published: 07 Jul 2022 at 08:22hrs | 2 | by Staff reporter
Chamisa outlines rapid and accelerated economic transformation plan
The CITIZENS government will come up with policy framework and turnaround strategy which among others includes the following:Develop demand driven policies informed by inclusive policies and i...Published: 21 Jun 2022 at 19:54hrs | 6 | by Nelson Chamisa
FULL TEXT: Nelson Chamisa's address to the nation
The CITIZENS government will come up with policy framework and turnaround strategy which among others includes the following:Develop demand driven policies informed by inclusive policies and i...Published: 21 Jun 2022 at 12:57hrs | 6 | by Nelson Chamisa
Chamisa's CCC slams Mnangagwa
The Citizens Coalition for Change (CCC) on Wednesday vowed a robust challenge to controversial measures to shore up the fast-depreciating Zimbabwe dollar, announced by President Emmerson Mnangagwa las...Published: 11 May 2022 at 19:10hrs | 1 | by Staff reporter
Reserve Bank of Zimbabwe says bank lending ban 'temporary'
Zimbabwe's freeze on bank lending is a temporary measure which is meant to contain inflation and stabilise its economy, central bank governor John Mangudya told state television on Tuesday.Pre...Published: 10 May 2022 at 15:29hrs | | by Staff reporter
Zimbabwe inflations quickens to 96.4%
Below is the full statement by Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya on the resolutions of the Monetary Policy Committee (MPC) meeting of 29 April 2022.RESOLUTIONS OF THE MONET...Published: 03 May 2022 at 16:25hrs | | by Staff reporter
Mnangagwa is changing the game
Within a few days, President Mnangagwa threw serious warning shots.Some are already calling them silencing shots.The President gave opposition opportunists a teaser of forthcoming attr...Published: 20 Feb 2022 at 08:50hrs | | by Major Action Mandingo (Retired)
Inflation target likely to be missed
FAILURE to implement tight monetary policy and a raft of confidence-building measures will see Zimbabwe missing its inflation target of 32.6% in 2022, a manufacturing sector lobby group has said in it...Published: 07 Feb 2022 at 21:19hrs | | by Staff reporter
Monetary policy expected on Tuesday
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, who is expected to present the Monetary Policy Statement (MPS) on Tuesday this week, has his work cut out as the market expects him to unveil ...Published: 06 Feb 2022 at 06:49hrs | 1 | by Staff reporter
Kazembe Kazembe calls for more police patrols
Police need to intensify deployments and patrols in the wake of rising rates of violent crimes so far this year, Home Affairs and Cultural Heritage Minister Kazembe Kazembe has said.Speaking a...Published: 22 Nov 2021 at 05:52hrs | 4 | by Staff reporter
Zapu ready to take over in 2023
NEWLY-ELECTED Zapu leader Sibangilizwe Nkomo has promised to hit the ground running by forming a government-in-waiting as the opposition party plots to wrest power in 2023.Addressing journalis...Published: 02 Nov 2021 at 18:28hrs | | by Staff reporter
RBZ moves in to defend currency
THE Reserve Bank of Zimbabwe (RBZ) last week moved to contain growing inflationary pressures and exchange rate volatility by hiking the bank's policy rate from 40 percent to 60 percent.Resurge...Published: 31 Oct 2021 at 06:54hrs | 5 | by Staff reporter
Taming inflation is an arduous task
The Zimbabwe National Statistics Agency (Zimstat) pointed that year on year (annual) inflation rate marginally increased to 51.55% in September 2021 from 50.24% in August 2021 after 8 months of straig...Published: 06 Oct 2021 at 09:13hrs | 5 | by Victor Bhoroma
Economists cautious as inflation falls
ECONOMISTS have given mixed views about Zimbabwe's decelerating annual inflation with some saying the rate could spike once spending increases.However, others told NewsDay Business yesterday t...Published: 06 Sep 2021 at 05:30hrs | 1 | by Staff reporter
'Zimbabwe's retailers deserve a wage subsidy'
WHILE government was bullish in the midterm fiscal policy and revised upwards gross domestic product (GDP) growth projections for 2021 from 7,4% initially projected in November last year to 7,8%, grow...Published: 22 Aug 2021 at 08:01hrs | | by Staff reporter
'Public prefers US$ over Zimdollars'
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has blamed the widening gap between the official and parallel forex rates on locals preferring greenback over the local currency as a store of val...Published: 21 Aug 2021 at 07:35hrs | | by Staff reporter
New ZW$50 note well overdue?
The Reserve Bank of Zimbabwe (RBZ) recently introduced ZW$360 million worth of a new ZW$50 dollar note into the market, having taken regard of inflation and the need for convenience. The new note is w...Published: 08 Aug 2021 at 16:06hrs | | by Vince Musewe
Inflation pressures have dissipated, claims Mangudya
THE country's success in taming inflationary pressures has created a conducive fiscal and monetary environment essential to support the ambitious 7,8 percent economic growth target this year, Reserve ...Published: 07 Aug 2021 at 07:03hrs | | by Staff reporter
Panic grips Robert Gabriel Mugabe International airport
Panic has gripped staff at the Robert Gabriel Mugabe International after airport manager Margaret Samkange succumbed to Covid-19 this afternoon. There are fears of disruptions as staff are lea...Published: 28 Jul 2021 at 14:58hrs | 1 | by Staff reporter
Zimbabwe records 107 deaths from Covid-19 in a day
Zimbabwe yesterday recorded 107 deaths from Covid-19, the highest daily total since the first case in March last year with 54 of these deaths, half the total, in Harare which has become the new epicen...Published: 28 Jul 2021 at 07:36hrs | | by Staff reporter
'New forex rules a time bomb'
NEW foreign currency measures imposed by government last week are a time bomb that could lead to price increases, lower economic activity and herald a return to the hyperinflation era of yesteryear....Published: 31 May 2021 at 06:45hrs | 1 | by Staff reporter
'Sanctions have made Zimbabweans bolder'
BUSINESS and Zimbabwe at large should forget about baneful sanctions that were imposed by Western countries on the country and focus on local resources through value addition and increasing exports, P...Published: 20 May 2021 at 06:01hrs | | by Staff reporter
'Mnangagwa deserves 2023 re-election'
INFORMATION minister, Monica Mutsvangwa says President Emmerson Mnangagwa deserved to be reelected the country's leader in the 2023 for what she said was the incumbent's wise leadership in taming what...Published: 03 May 2021 at 17:19hrs | | by Staff reporter
The paradox of Zimbabwe's rising prices and falling inflation
FOLLOWING months of scepticism over Zimbabwe's ability to achieve its targeted annual inflation rate, some of the country's leading analysts are beginning to change theirview.Now, they fee...Published: 03 May 2021 at 06:24hrs | 1 | by Staff reporter
Taming high inflation, economic priority
Despite the significant fall in annual inflation from 363% (In January) to 322% for the month of February 2021, prices for goods and services in the economy continue to increase marginally in every mo...Published: 09 Mar 2021 at 22:31hrs | | by Victor Bhoroma
Demystifying COVID-19 Vaccines: The Truth
We are consumed by the desire to herald the truth in the age of increased information and knowledge. For this reason, we would like to demystify some dangerous misinformation that is being peddled by ...Published: 21 Feb 2021 at 08:22hrs | 1 | by Oliver Dube and Dr Stanley Maphosa
Zimbabwe's daily Covid-19 infection rate falls
By weekend the average daily infection rate for Covid-19 had fallen to around half the level of the start of the year and had dropped to actual numbers not seen since the middle of December. ...Published: 15 Feb 2021 at 06:47hrs | | by Staff reporter
'Zimbabwe inflation fall no cause for celebration'
ZIMBABWE's year-on-year inflation rate ended the year 2020 at 348,5% down from a high of more than 800% in July but analysts say it is no cause for celebration as it remains way too high."The ...Published: 15 Jan 2021 at 07:49hrs | 1 | by Staff reporter
Virus out of control - Zimbabwe Vigil Diary
The UK is in lockdown, experiencing the highest level of deaths from Covid-19 since the pandemic broke 10 months ago. In all more than 80,000 people here have died of the virus.The disease has...Published: 10 Jan 2021 at 15:17hrs | 1 | by ZimVigil
Zimdollar demand spikes
THE continued consolidation of the Zimbabwean dollar gains on the official market-driven foreign currency auction platform has created huge demand for the local currency on the back of growing confide...Published: 15 Oct 2020 at 06:37hrs | | by Staff reporter
May churches play their part in taming the youths
The 'cheap', but very cheap spirits (alcohol) on sale countrywide, do authorities or those tasked to do quality control aware of their production or importation? The beverages are competing we...Published: 11 Sep 2020 at 07:02hrs | | by Tondo
US media has become the true opposition
LISTEN ye men of Dzimbahwe, even those foolish MaShurugwi, to these wise words.Over the last 30 years, the power of the media has grown out of all proportion to its intended purpose, which was...Published: 06 Sep 2020 at 08:59hrs | 9 | by Ken Mufuka
Zimdollar rates tumble ahead of monetary policy
THE Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days.The market is not anticipating major changes to the country's economic fort...Published: 06 Sep 2019 at 07:40hrs | | by Victor Bhoroma
Austerity measures: Is Zimbabwe drinking poisoned chalice?
On September 7, 2018, Mthuli Ncube was appointed as Zimbabwe's Finance minister. Being a technocrat he is, his appointment brought a breath of fresh air. At least, Zanu-PF was breaking with its past o...Published: 20 Aug 2019 at 15:18hrs | 1 | by Cliff Chiduku
Multi-currency was a disaster
Government says multi-currency system created fiscal and monetary challenges, stunting economic growth and making most industries in Zimbabwe uncompetitive. Treasury permanent-secretary George...Published: 08 Jul 2019 at 08:31hrs | | by Staff reporter
'Multi-currency stifled Zimbabwe economic growth'
THE use of the multi-currency system since 2009 stifled growth as the country could not utilise monetary instruments to stimulate economic activity, Finance and Economic Development Minister, Prof Mth...Published: 08 Jul 2019 at 07:57hrs | | by Staff reporter
World Bank upgrades Zimbabwe
THE World Bank has upgraded Zimbabwe to a lower middle income economy from low income ranking, a giant leap towards prosperity under the new dispensation led by President Emmerson Mnangagwa. ...Published: 05 Jul 2019 at 08:03hrs | 1 | by Staff reporter
'Taming the Shrew' - Deaths on our Roads
Driving in Harare and in the highways of Zimbabwe has become distressful. Recent reports of high profile road traffic deaths refer. The traffic chaos has become a 'shrew.' There is urgent need to 'tam...Published: 19 Jun 2019 at 07:53hrs | 1 | by Engineer Tororiro Isaac Chaza PMP
58 people killed over Independence and Easter holidays
FIFTY-EIGHT people were killed, while 397 others were injured countrywide in 674 road accidents that were recorded during this year's Independence and Easter holidays. The statistics were reco...Published: 24 Apr 2019 at 07:04hrs | 2 | by Staff reporter
Prices of goods have risen by between 25 and 75%
RETAILERS have said consumer spending has declined considerably in recent months, as Zimbabwean consumers cannot afford to maintain spending with the high prices of goods and services. Prices ...Published: 09 Apr 2019 at 07:17hrs | | by Staff repoirter
Price stability key to economic recovery
"A more efficient management system of scarce foreign exchange is key to price stabilisation and business growth."According to the "Transitional Stabilisation Programme" (TSP), the aspirations...Published: 18 Mar 2019 at 06:52hrs | | by Vince Musewe
Tsvangirai memorial march banned
POLICE have reportedly declined to approve the opposition MDC's application to stage a peaceful march in honour of the party's late founding leader and former Prime Minister, Morgan Tsvangirai....Published: 13 Feb 2019 at 08:39hrs | | by Staff reporter
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