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'I have Thatcher's iron lady resolve,' says ED - rigged election for iron grip on power, must prise free
"WHEN Margaret Thatcher was elected UK prime minister in 1979, she recognised that piecemeal change would not be sufficient to tackle the problems of labour unrest, rampant inflation and economic stag...Published: 10 hrs ago | 1130 | by Patrick Guramatunhu
Building value chains, skills for Vision 2030
Zimbabwe aspires to be an upper middle-income economy with a per capita income of US$3 500 by 2030. This requires fundamental transformations and shifts in the economy. Our Transitional Stabil...Published: 14 hrs ago | 59 | by Emerson D. Mnangagwa
Settling land compensation issue vital for Zimbabwe's economy
IN his inaugural address, the new President of Zimbabwe, Emmerson Mnangagwa, confirmed that land reform was both historically necessary and irreversible.He also made a commitment to compensate...Published: 13 Nov 2018 at 06:09hrs | 291 | by Ian Scoones
Plea to exempt cotton farmers from 2% tax
THE Cotton Company of Zimbabwe (Cottco) has proposed that cotton farmers be exempted from the 2% tax on electronic transactions as well as from the 10% withholding tax to help them build capacity....Published: 13 Nov 2018 at 06:01hrs | 150 | by staff reporter
Economic Dialogue: Building value chains, skills for Vision 2030
Zimbabwe aspires to be an upper middle-income economy with a per capita income of US$3 500 by 2030.This requires fundamental transformations and shifts in the economy. Our Transitional Stabili...Published: 11 Nov 2018 at 09:29hrs | 62 | by HE Emmerson D Mnangagwa
Time to value add, says Mnangagwa
President Emmerson Mnangagwa has proposed an indaba on how Zimbabwe should develop value chains for the country's mining and agriculture sectors with a view to advancing the twin objectives of moderni...Published: 11 Nov 2018 at 09:18hrs | 111 | by Staff reporter
Mangudya lost his cool under pressure from legislators
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya - who is usually calm and patient - yesterday lost his cool under pressure from legislators at a pre-budget seminar in Bulawayo who took him to ta...Published: 09 Nov 2018 at 16:41hrs | 5055 | by Staff reporter
Hold Mnangagwa's govt to account on mega deals, says Mudenda
SPEAKER of Parliament, Jacob Mudenda has urged government to fight inertia, whereby deals worth billions of dollars are signed every time, but not implemented on time or never."Let us fight th...Published: 09 Nov 2018 at 05:06hrs | 2410 | by Staff reporter
A dismissal that changed the course of Zimbabwe's history
The band played on. Feverishly. Madly. Deafening sounds and wet, clammy bodies gyrating against each other in lustful, prodigal passions. Zimbabwe was enthralled by a mad political spectacle. It was t...Published: 07 Nov 2018 at 05:57hrs | 4548 | by Tichaona Zindoga
Trade deficit narrows to $127m
Zimbabwe's negative trade balance narrowed markedly in August this year, falling 42 percent to $127,2 million on the back of strong growth in exports, the Reserve Bank of Zimbabwe (RBZ) said in its mo...Published: 07 Nov 2018 at 05:43hrs | 142 | by Staff reporter
Zimbabwe should take advantage of Intra-African Trade Fair'
FINANCE minister Mthuli Ncube yesterday said Zimbabwe should take advantage of the upcoming Intra-African Trade Fair (IATF) set for next month in Egypt to improve export market diversification and tap...Published: 06 Nov 2018 at 05:42hrs | 128 | by Staff reporter
Banks must stop disbursing forex
If there is no leakage of forex from official institutions then the obvious source of forex on the black market are people in the diaspora who send home US dollars through Mukuru, Western Union, Money...Published: 06 Nov 2018 at 05:27hrs | 1773 | by Goto
Chiwenga's ex-wife looted millions
A whistleblower Prisca Mutema has claimed on microblogging site, Twitter, that Jocelyn Chiwenga who is Vice President Constantino Chiwenga's former wife looted millions from various banks and she has ...Published: 05 Nov 2018 at 09:46hrs | 19872 | by Mandla Ndlovu
Where is Zimbabwe's cash going?
Zimbabwe is currently going through serious shortages of literally everything from bottled water to bread.Queues have become a common feature across the country as Zimbabweans struggle to purc...Published: 04 Nov 2018 at 09:15hrs | 2020 | by Crecey Kuyedzwa - Fin24
Mnangagwa's prosecution unit moves in to tackle deep-rooted corruption
An investigation by the Special Presidential Prosecution Unit (SPPU) has unearthed a cartel of senior executives at Cottco together with a group of high profile politicians as being behind a spate of ...Published: 02 Nov 2018 at 15:10hrs | 3451 | by Staff reporter
Zimbabweans, we are our own worst enemy
Dear EditorI'm sure somewhere someone is calling Zimbabwe a big joke as we are a country with misplaced priorities. For starters, we have good farming land, good climate, plenty natural resour...Published: 28 Oct 2018 at 14:08hrs | 2685 | by Munya Shumba
Mutsvangwa spills the beans on 'Queen Bee'
President Emmerson Mnangagwa's advisor Christopher Mutsvangwa yesterday launched an astonishing attack against Zanu-PF benefactor Kudakwashe Tagwirei, claiming that he is now a source of divisions in ...Published: 28 Oct 2018 at 13:29hrs | 13970 | by Staff reportwr
Zimbabwe producers in panic mode, rush to offload stockpiled goods
Some manufacturers of basic commodities are reportedly in panic mode, amid indications they are now desperate to immediately off-load the products they have been allegedly stockpiling in the last few ...Published: 28 Oct 2018 at 09:05hrs | 6458 | by Staff reporter
Zanu-PF chefs fail to pay workers
Several Zanu-PF politicians have been dragged to court by employees over failure to pay wages at their farms.As a result, the Progressive Agriculture and Allied Workers' Union of Zimbabwe (Paa...Published: 23 Oct 2018 at 14:04hrs | 1469 | by Staff reporter
Emergency recovery measures to stop Zimbabwe economic free-fall
This article will be brief and straight to the point. There is no need to continue to pontificate on the political-economy of the country because we all know that after the 30th July elections the eco...Published: 23 Oct 2018 at 14:00hrs | 5130 | by Dr Tapiwa Mashakada
Why Mnangagwa doesn't have the answers
When President Emmerson Mnangagwa campaigned in July for Zimbabwe's...Published: 22 Oct 2018 at 07:19hrs | 5437 | by Robert Rotberg, Harvard University
'Mangudya deserves our support'
Zimbabweans must support the country's recently announced monetary policy measures because they are "meant to preserve people's savings at banks", a youth empowerment activist has said.This al...Published: 19 Oct 2018 at 12:11hrs | 2473 | by Staff reporter
Chinese deals, raw or fair for the Zimbabwean economy?
Given the recent developments in Zimbabwe and the African continent, it is worthy assessing how Chinese investments can affect the local economy going forward. Critical for Zimbabwe is how the country...Published: 17 Oct 2018 at 21:41hrs | 1785 | by Victor Bhoroma
Zimbabwe imports from SA up 17%
Zimbabwe imported goods from South Africa worth US$193.6 million last month, reflecting a 17 percent increase from imports worth US$175. 4 million the same period in 2017.South Africa which is...Published: 17 Oct 2018 at 14:45hrs | 1003 | by Staff Reporter
Agricultural productivity a panacea to Zimbabwe's economic revival
Zimbabwe's economy is hinged on agriculture which feeds a number of downstream industries that process agricultural produce into various foods for both humans and livestock. The revival of this sector...Published: 16 Oct 2018 at 15:15hrs | 627 | by Elijah Chihota
MDC MPs begin Ninth Parly impressively
While it could be too early to judge the performance of legislators in the Ninth Parliament, MDC parliamentarians have had a good start judging from the number of motions they have so far raised in th...Published: 15 Oct 2018 at 12:30hrs | 900 | by Staff reporter
Village chairman stabs soldier
Unfair distribution of Presidential input scheme landed an Mvurwi village chairman in trouble after he allegedly stabbed a disgruntled member of the Zimbabwe National Army (ZNA) and was finally dragge...Published: 11 Oct 2018 at 13:35hrs | 2983 | by Simbarashe Sithole
Haulage truck goes up in flames
A haulage truck carrying Tobacco Industries Marketing Board (TIMB ) fertilizers went up in flames at Pembi Bridge Mvurwi this afternoon.According to sources the fire was allegedly caused by an...Published: 10 Oct 2018 at 18:20hrs | 4327 | by Simbarashe Sithole
Joram Gumbo refuses to resign
Energy and Power Development minister Joram Gumbo has stuck to his guns, declaring that he will not resign despite pressure from stakeholders peeved by the worsening fuel situation.This follow...Published: 10 Oct 2018 at 15:55hrs | 3378 | by Staff reporter
Muzarabani tobacco garden destroyed on political grounds
Zimbabwe Peace Project reported that on 17 September in ward 20 of Muzarabani South at Chawurura village under Chief Chiweshe, unknown assailants reportedly destroyed Stephen Sadu's tobacco garden and...Published: 10 Oct 2018 at 07:36hrs | 634 | by Stephen Jakes
Zimbabwe's trade deficit now $1,6bn
ZIMBABWE'S trade deficit rose 28% to $1,6 billion over the period February to August 2018 from $1,25 billion recorded during the same period last year, further depleting the country's precarious impor...Published: 10 Oct 2018 at 06:52hrs | 428 | by Staff reporter
Mnangagwa backs Mthuli Ncube on 2% tax
PRESIDENT Mnangagwa yesterday said the Intermediary Money Transfer Tax of 2 cents will remain in force as it is critical in transforming the economy, which has suffered from two decades of stagnation....Published: 09 Oct 2018 at 07:17hrs | 1055 | by Staff reporter
No going back on 2% tax, says Mnangagwa
President Mnangagwa yesterday said the Intermediary Money Transfer Tax of 2 cents will remain in force as it is critical in transforming the economy, which has suffered from two decades of stagnation....Published: 09 Oct 2018 at 06:40hrs | 1125 | by Staff reporter
Yes, I bought a €4m Bugatti - Buyanga
Gift Phiri of the Daily News sits down for a wide-ranging interview with 39-year-old businessman Frank Buyanga. Find below excerpts of the interview.Q: I understand you commenced your entrepre...Published: 07 Oct 2018 at 19:36hrs | 6622 | by Staff reporter
Mnangagwa worried by raw exports
PRESIDENT Emmerson Mnangagwa has expressed dismay at the lack of value-addition on exports coming out of Zimbabwe, saying it was eroding margins of the highly-needed foreign currency receipts....Published: 05 Oct 2018 at 06:40hrs | 448 | by Staff reporter
Mnangagwa claims that 'World warming up to Zimbabwe'
President Mnangagwa yesterday said Government is encouraged by the positive responses from the re-engagement process, which seeks to reintegrate the country into the family of nations. The Pre...Published: 05 Oct 2018 at 06:32hrs | 560 | by Staff reporter
Rigging the economy proves harder for Mnangagwa?
TWO months after disputed general elections in Zimbabwe‚ President Emmerson Mnangagwa’s spirited efforts to turn around the economy are so far gaining limited traction.His closest rival in...Published: 03 Oct 2018 at 17:52hrs | 4834 | by TimesLive.com
Mnangagwa capable of steering Zimbabwe's economy from the doldrums
The Zimbabwean economy is anchored on agriculture and mining which brings in the much needed foreign currency in order to revive industries, push production up and improve the people's livelihoods. Th...Published: 02 Oct 2018 at 14:54hrs | 1261 | by Elijah Chihota
Measures to foster price stability
THE Reserve Bank of Zimbabwe (RBZ) has given banks until mid this month to create separate foreign currency accounts for nostro and real time gross settlement (RTGS) accounts as part of measures to pr...Published: 02 Oct 2018 at 09:36hrs | 336 | by Staff reporter
Zimbabwe economy to grow 6.3%
FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday said the economy will grow by 6,3 percent this year as signs of recovery continue to show, albeit at a slow pace. Prof Ncube ...Published: 02 Oct 2018 at 09:36hrs | 339 | by Staff reporter
Mangudya's monetary policy designed to steal our wages - Rural Teachers
Amalgamated Rural Teachers' Union of Zimbabwe, ARTUZ is irked with the raft of measures introduced by both the Monetary and Fiscal authorities of our Republic. We are particularly angered with the pol...Published: 02 Oct 2018 at 09:23hrs | 943 | by ARTUZ
RBZ gives banks ultimatum
THE Reserve Bank of Zimbabwe (RBZ) has given banks until mid this month to create separate nostro (external bank) foreign currency accounts (FCAs) and real time gross settlement (RTGS) FCA accounts, a...Published: 02 Oct 2018 at 07:18hrs | 5042 | by Staff Reporter
RBZ negotiates $500m facility to buttress FCAs
The Reserve Bank of Zimbabwe is finalising discussions with the African Export-Import Bank towards a US$500 million Nostro Stabilisation Guarantee Facility to provide foreign currency account (FCA) ho...Published: 01 Oct 2018 at 22:21hrs | 1062 | by Staff reporter
RBZ boss faces reality check
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya today finds himself literally skirting on thin ice as he presents his first post-election monetary policy statement with all sectors of the econom...Published: 01 Oct 2018 at 06:52hrs | 1511 | by Staff reporter
Woman drags hubby to court for denying her sex
A Chiweshe man did not show up at Chief Makope’s traditional court on Saturday after his wife reported him for denying her her conjugal rights for two y...Published: 30 Sep 2018 at 17:31hrs | 2266 | by Simbarashe Sithole
Anyone still denying Zimbabwe is open for business?
Some people have to sharpen their lying skills, failing which they have to stop lying altogether.Last week, I had an encounter with one such less than skilful liar — a former opposition MDC ...Published: 28 Sep 2018 at 07:23hrs | 1026 | by Conway Tutani
Biti lying about GNU economic fortunes
For some time now there is a narrative that the economic fortunes scored during the tenure of the Inclusive Government was a result of of the "brilliance" or "prudence" of the then Finance Minister Te...Published: 26 Sep 2018 at 09:16hrs | 2202 | by Views Matopo
'Strong US$ bad for Zimbabwe,' says Mthuli Ncube
ZIMBABWE is building blocks towards a credible economic transformation programme that will anchor a return of the local currency and counter the negative effects of using a strong United States dollar...Published: 25 Sep 2018 at 00:13hrs | 8639 | by Staff reporter
Mthuli Ncube promises new currency
Finance minister Mthuli Ncube says government is drafting reforms that will see Zimbabwe eventually introducing its own currency.Ncube, who is in New York for the United Nations General Assemb...Published: 23 Sep 2018 at 09:05hrs | 9016 | by Staff reporter
New rules for Zimsec exams
SCHOOLS will no longer be allowed to collect examination papers days before the examination date but will collect and return each paper to the cluster centre on the day of sitting as part of measures ...Published: 23 Sep 2018 at 08:46hrs | 5151 | by Staff reporter
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