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ZSE outsmarts African peers
THE Zimbabwe Stock Exchange (ZSE) was the second best performing bourse, after the Egyptian Exchange, last week among seventeen regional stock markets tracked by researchers at African Markets....Published: 22 Jan 2021 at 06:41hrs | 327 | by Staff reporter
Exchange control regulations and export growth
The monetary policy committee for the Reserve Bank of Zimbabwe (RBZ) issued a circular with changes to export surrender requirements on the 7th of January 2021. The changes include immediately removin...Published: 20 Jan 2021 at 06:30hrs | 109 | by Victor Bhoroma
Former minister grilled over land
THE government is probing former Labour minister Petronella Kagonye on allegations of improperly acquiring six farms in Mashonaland East under her real estate firm, Glorious Properties.On her ...Published: 19 Jan 2021 at 15:44hrs | 1578 | by Staff reporter
China-Zimbabwe relations: A marriage not worthy?
A MARRIAGE built on rocks does not last. The Lome Agreement of 1975 between European Economic Community and African Caribbean and Pacific countries is a typical example to China-Zimbabwe relations tha...Published: 19 Jan 2021 at 07:32hrs | 437 | by Christine Rumbidzai Matinanga
SABC blind to progress, Peter
A few days ago, I wandered into a Twitter discussion between Peter Ndoro and a gentleman called Selwyn Nkomo and various other people.The discussion I stumbled upon was about the apparent bias...Published: 17 Jan 2021 at 09:23hrs | 583 | by Stembile Mpofu
Zimbabwe's agriculture seen recovering despite challenges
ZIMBABWE should enjoy a decent harvest for all crops in the current season due to good rains that have been consistent in the past few weeks, farmers' organisations say.A good harvest for grai...Published: 14 Jan 2021 at 11:48hrs | 365 | by Staff reporter
Zimbabwe record its fourth straight trade monthly surplus
Zimbabwe recorded its fourth straight trade monthly surplus in November as Finance Minister Mthuli Ncube's steps to devalue and stabilize the local currency started showing some positive results for e...Published: 13 Jan 2021 at 18:22hrs | 828 | by Staff reporter
How to kill a country
Nearly forty years ago Ian Smith, the Prime Minister of Rhodesia, became the first and only white colonial ruler to break away from the British Crown. He had tired of London's nagging about the subjug...Published: 13 Jan 2021 at 16:49hrs | 2538 | by Samantha Power
Online learning for rural school children
§The 'arrival' of the new evil kid on the block Covid-19 means adapting to a new way of life. Masks have become part of our everyday clothing if we are to see another day. Call it a 'new normal' way ...Published: 13 Jan 2021 at 15:53hrs | 307 | by Tondo Murisa
UZ student dupes colleague of $500
A UNIVERSITY of Zimbabwe student Tinomudaishe Nyadzo is wanted for reportedly duping his colleague of US$500 in a botched tobacco deal.The learner has not been in contact since June last year ...Published: 12 Jan 2021 at 20:36hrs | 1131 | by Staff reporter
The white man behind Mnangagwa's Pfumvudza/Intwasa programme
Zimbabweans have embraced the Pfumvudza/Intwasa programme that is turning out to be the trump card for this summer cropping season. However, not many people know the man behind the concept. Last week,...Published: 10 Jan 2021 at 08:20hrs | 5115 | by Staff reporter
Zimbabwe's economic outlook for 2021
Zimbabwe's economy ended the year 2020 on a fairly stable note due to the return of the multi-currency regime and decline in general inflation levels in the market. Headwinds caused by incessant power...Published: 08 Jan 2021 at 21:02hrs | 1225 | by Victor Bhoroma
The soft peg and local economic stability
Zimbabwe introduced the Dutch inspired foreign exchange auction system on the 23th of June to replace the fixed exchange rate (hard peg) of US$1: ZW$25 that had been in existence since 26 March 2020. ...Published: 08 Jan 2021 at 20:58hrs | 513 | by Victor Bhoroma
Keep knocking at Heaven's door with prayers to God
Now that again schooling seem out of sight due to the evil Coronavirus, parents and guardians are urged to keep an eye on their children. Being young, energetic and restless, they are vulnerab...Published: 08 Jan 2021 at 11:31hrs | 609 | by Tondo
Is Zimbabwe-China relationship strategic, transformational?
THE relationship between the two countries — Zimbabwe and China — has been strategic as they have engaged in a number of bilateral agreements which have helped strengthen their different economies...Published: 08 Jan 2021 at 07:32hrs | 88 | by Letwin Mapaike
'Plant broom stick and get fruit tree, in Zimbabwe' - yet we are starving, damning testimonial to failed leaders
"Crisis management is not solved in one day. There is no magic formula in State recovery… it is a process that HE Mnangagwa is leading in promoting important reforms in Zimbabwe that will undoubtedl...Published: 29 Dec 2020 at 19:32hrs | 858 | by Patrick Guramatunhu
Zimbabwe braces for new EU export reg system
ZIMBABWEAN exporters are pondering on the new European Union (EU) digital system of certification of origin for goods, which comes into effect next month. The EU has introduced a new system of...Published: 28 Dec 2020 at 07:22hrs | 395 | by Staff reporter
Zimbabwe unveils US$8 billion industrialisation plan
INDUSTRY and Commerce minister, Sekai Nzenza, has unveiled a massive industrialisation plan which seeks to transform Zimbabwe's 94 manufacturing and commercial sub-sectors into a mouthwatering US$8 bi...Published: 24 Dec 2020 at 16:58hrs | 639 | by Staff reporter
Economic growth stimulus precedes taxation
Zimbabwe's 2021 national budget paints a picture of sustained austerity in the mid-term, with increases in taxes for various sectors of the depressed economy. A 126% jump in budgeted tax revenue colle...Published: 22 Dec 2020 at 19:28hrs | 374 | by Victor Bhoroma
Zimbabwean man fined R40 000 for smuggling cigarettes into SA
A 25-year-old Zimbabwean man has been fined R40 000 by a Polokwane Magistrate Court for smuggling into South Africa 330 cartons of Remington Gold Cigarettes worth R87 000.Walter Madhongi was a...Published: 21 Dec 2020 at 18:32hrs | 416 | by Staff reporter
Farmworkers demand forex
FARM workers say the government must consider paying farmers in foreign currency for deliveries of cash crops so that the producers can pay their workers reasonable wages.Raymond Sixpence, a P...Published: 20 Dec 2020 at 07:27hrs | 398 | by Staff reporter
Minister admits to policy inconsistency
INDUSTRY and Commerce minister Sekai Nzenza has admitted that inconsistent and often outdated policies hinder implementation of key government strategies.Nzenza was responding to Norton legisl...Published: 19 Dec 2020 at 05:51hrs | 453 | by Staff reporter
Zimbabwe Diaspora inflows set for record levels
Zimbabwe's Diaspora remittances are this year expected to close at record levels of US$940 million, despite economic disruptions caused by the Covid-19 pandemic. Estimates from the Reserve Ban...Published: 17 Dec 2020 at 06:47hrs | 233 | by Staff reporter
Zimbabwe central bank accessed US$1.5 billion in offshore facilities in 2019
The Reserve Bank of Zimbabwe said it accessed offshore facilities more than US$1.47 billion in 2019 for Zimbabwe for balance of payments support as well to liquefy the since abandoned foreign exchange...Published: 16 Dec 2020 at 14:05hrs | 448 | by Staff reporter
2021 National Budget: The Good & the Bad
Zimbabwe's 2021 national budget set a taxing agenda with a 126% jump in budgeted revenues from ZW$173 billion (About US$2.12 billion) anticipated in 2020 to ZW$391.8 billion (US$4.8 billion) budgeted ...Published: 14 Dec 2020 at 13:54hrs | 381 | by Victor Bhoroma
Matibiri steps down
THE Tobacco Industry and Marketing Board (TIMB) is in the hunt for a chief executive to replace Andrew Matibiri who is stepping down next year after being at the helm for the last 15 years.The...Published: 14 Dec 2020 at 07:23hrs | 1863 | by Staff reporter
Security beefed up at border post
THE Government is beefing up security at Beitbridge border post to curb smuggling and other illegal activities which authorities believe could be costing the country over US$1 billion annually in unpa...Published: 12 Dec 2020 at 06:49hrs | 598 | by Staff reporter
Heroine Nyaradzai Gumbodzvanda: Her speech at Amnesty International on Gender-based violence was heroic!
"Our language use perpetuate violence: we must refrain from language use that does not provide power to communities" said Madam Gumbodzvanda.Amai Gumbodzvanda made one of the most powerful spe...Published: 03 Dec 2020 at 22:12hrs | 759 | by Nomazulu Thata
Mthuli Ncube to engage industry
CAPTAINS of industry will gather in Harare next week to come up with solutions for challenges affecting the sector.Preliminary projections indicate that the manufacturing sector will fall by 9...Published: 03 Dec 2020 at 06:43hrs | 533 | by Staff reporter
Zimbabwe records massive jump in trade surplus
ZIMBABWE will record a trade surplus for the second year running, after recording a threefold-increase in its current account to US$939 million in the first nine months of the year, Finance and Econom...Published: 30 Nov 2020 at 19:04hrs | 1049 | by Staff reporter
Tobacco exports net US$690 million
AT least 168 million kg of tobacco worth US$688 million had been exported across the globe by November 20, Tobacco Industry Marketing Board (Timb) data showed last week.The Timb said shipments for...Published: 29 Nov 2020 at 07:02hrs | 229 | by Staff reporter
Mthuli's 'fantasy' budget: Here's how it will affect you
THE 2021 budget presented by the finance minister Mthuli Ncube to Parliament shows that the minister was living in a ‘fantasy world,' according to academic, Professor Austin Chakaodza."Some ...Published: 28 Nov 2020 at 07:12hrs | 3180 | by Staff reporter
Mnangagwa orders US-dollar payment on foreign currency pensions
PRESIDENT Emmerson Mnangagwa Friday ordered US dollar pension pay-outs on all investments under which workers injected foreign currency.This comes after thousands of Zimbabwean workers were be...Published: 28 Nov 2020 at 07:08hrs | 18248 | by Staff reporter
Adam Molai launches US$1 million venture capital fund
Businessman Adam Molai has launched a US$1 million venture capital fund aimed at providing African start-ups with the needed financing. The businessman hopes that recipients of the funds ...Published: 26 Nov 2020 at 07:58hrs | 3547 | by Staff reporter
Dembare gets UK kit deal
GOOD times certainly continue to roll for Dynamos after the Harare giants yesterday announced a three-year kit sponsorship deal with an unknown England-based sports equipment and apparels manufacturin...Published: 24 Nov 2020 at 04:34hrs | 647 | by Staff reporter
We need to urgently fix Zimbabwe, says Makoni
Former Finance minister Simba makoni says Zimbabwe needs a culture shift to get the economy working again.Makoni (SM) told Alpha media Holdings chairman Trevor Ncube (TN) on the show In Conver...Published: 22 Nov 2020 at 04:56hrs | 5100 | by Staff reporter
Firms hail forex auction system
ZIMBABWE'S biggest companies have hailed central bank governor, John Mangudya's foreign currency auction system for defusing a forex crisis that had affected production in the past year.The Re...Published: 20 Nov 2020 at 06:08hrs | 309 | by Staff reporter
Reviving the rural economy in Zimbabwe
Zimbabwe's rural economy plays a significant role in national food production, in alleviating extreme poverty and in the attainment of Sustainable Development Goals (SDGs). The Zimbabwe National Stati...Published: 17 Nov 2020 at 12:37hrs | 2410 | by Victor Bhoroma
'Border jumpers fuel spike in COVID-19 cases'
THE Department of Immigration has reduced its staffing levels at border posts to curb the spread of COVID-19 amid a rise in the number of travellers using illegal entry points to dodge scrutiny at the...Published: 17 Nov 2020 at 08:03hrs | 1651 | by Staff Reporter
Chiwenga says 'Youths key to attainment of Vision 2030'
Youths in the agriculture sector were yesterday honoured for their contribution towards the economy, food and nutrition security and employment creation with Vice President Constantino Chiwenga pledgi...Published: 07 Nov 2020 at 05:48hrs | 60 | by Staff reporter
Economy snuffs out Zimbabwe smokers' income
Zimbabwean smokers lit up 8% fewer cigarettes this year, and the biggest drop is in the cheapest brands, as the economy snuffs out incomes.BAT, the country's biggest cigarette maker, saw sales...Published: 06 Nov 2020 at 06:39hrs | 197 | by Staff reporter
Mangudya retains confidence at the Central Bank
From the time Zimbabwe switched from inter-bank market for foreign currency to an auction system, which is largely driven by market. The idea is to determine market exchange rate. The bids come from u...Published: 05 Nov 2020 at 16:02hrs | 2686 | by Tinashe Eric Muzamhindo
Gringo appeals for help after suffering relapse
Veteran comedian Lazarus Boora, known by his legion of fans as Gringo, has fallen sick again after failing to raise money for medication.Gringo, who turned 47 last month, is battling tesnel or...Published: 03 Nov 2020 at 12:56hrs | 3511 | by Staff reportetr
Mthuli Ncube to launch commodities exchange by end November
Finance Minister Mthuli Ncube says that Government will launch a commodities exchange by end of November as part of efforts to improve the way commodities are marketed in the country.Ncube tol...Published: 27 Oct 2020 at 17:44hrs | 3551 | by Staff reporter
Prophet Magaya investigated over women abuse
WOMEN Affairs minister Sithembiso Nyoni last week revealed that her ministry through the Zimbabwe Gender Commission (ZGC) investigated Prophetic Healing and Deliverance (PHD) Ministries leader Walther...Published: 19 Oct 2020 at 06:28hrs | 5663 | by Staff reporter
Man axes wife, children in paternity row
IN a spine-chilling incident that left people in Village 4 under Chief Svosve in Hwedza shocked, a man axed his wife and two children to death after she allegedly told him, he was not the biological f...Published: 13 Oct 2020 at 06:43hrs | 1224 | by Staff reporter
I haven't joined Dynamos, insists Makanda
THE story of out of contract striker Tinashe Makanda signing for Dynamos has taken a turn with the player, together with his agent claiming that nothing was signed with DeMbare.In fact, accord...Published: 11 Oct 2020 at 10:31hrs | 594 | by Staff reporter
The fight against corruption is everyone's child
Brown envelopes, graft and so on, the names are many but the offence is the same, corruption. There is always a witness to murder, not reporting it is partaking and complicity. Children of God...Published: 11 Oct 2020 at 09:59hrs | 38 | by Tondo
'Prices of goods to remain stable'
FINANCE minister Mthuli Ncube, said yesterday that Zimbabwe's economy would improve further in the coming months, with prices of basic consumer goods and services expected to remain stable.Add...Published: 06 Oct 2020 at 20:15hrs | 420 | by Staff reporter
ZANU PF MP refuses to settle loan
Mazowe North Member of Parliament Campion Mugweni (ZANU PF) the has refused to settle US120 253 loan advanced to him by contracting Tobacco company Tian Z...Published: 29 Sep 2020 at 11:12hrs | 6707 | by Tarisai Mudahondo
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