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RBZ plots ambush to rein in exchange rates
The Reserve Bank of Zimbabwe (RBZ) will henceforth use 'ambush raids' as a strategy within its array of policy interventions as the monetary authorities battle to break persistent buffeting of the dom...Published: 01 Jun 2020 at 08:31hrs | 1357 | by Staff reporter
Mass police transfers reversed
PolICe commissioner-general Godwin Matanga has reversed the transfer of 622 junior officers, who had been given less than two days to report to their new stations.Assistant Commissioner Paul N...Published: 31 May 2020 at 23:46hrs | 1170 | by Staff reporter
Vulnerable Zimbabwean families get measly $180 cushion
PARLIAMENT on Wednesday questioned the rationale behind government giving out a measly $180 COVID-19 assistance to the vulnerable people when the prices of basic foodstuffs and other important commodi...Published: 29 May 2020 at 08:27hrs | 581 | by Staff reporter
Clueless gaze in the face of free-falling Zimdollar
THE spectacular collapse of the Zimbabwean dollar in the past week has yet again exposed the government's bankrupt currency policies worsening the country's deepening economic crisis.The Zimdo...Published: 29 May 2020 at 08:17hrs | 419 | by Staff reporter
Mthuli Ncube to unveil price stabilisation measures
GOVERNMENT will soon announce measures to stabilise prices of basic commodities while arresting inflation as consumers' buying power continues to drop. While prices of basic commodities are constantly...Published: 28 May 2020 at 07:36hrs | 2058 | by Staff reporter
Zimbabwe National Army rescues Binga villagers
THE Zimbabwe National Army (ZNA) has provided the Social Welfare department with transport to carry drought relief grain to villages in Binga so that vulnerable beneficiaries are not charged transport...Published: 27 May 2020 at 07:18hrs | 871 | by Staff reporter
Motorists shun forex fuel
MOTORISTS in Bulawayo are shunning service stations which sell fuel in foreign currency and opting to fill their tanks from those charging in local currency as the exchange rate continues to shoot thr...Published: 27 May 2020 at 07:16hrs | 2232 | by Staff reporter
'Zimdollar under siege again'
The Zimbabwe dollar is once again reeling under unrelenting pressure from speculative activities by crafty individuals seeking personal gain, it has been learnt.The Reserve Bank of Zimbabwe (R...Published: 24 May 2020 at 08:10hrs | 650 | by Staff reporter
ZACC hunts down corrupt ministers
A former Cabinet Minister, a Minister of State for Provincial Affairs and a prominent property mogul face arrest for criminal abuse of office, fraud and abuse of funds following investigations into la...Published: 24 May 2020 at 08:08hrs | 423 | by Staff reporter
RBZ tightens screws on mobile money
The Reserve Bank of Zimbabwe (RBZ) introduced more measures yesterday affecting EcoCash agents as part of what is now seen as a policy to bring EcoCash agents into the formal banking system and ensure...Published: 23 May 2020 at 08:31hrs | 2553 | by Staff reporter
US dollar court ruling set to trigger lawsuits
THE High Court judgement that compels those owed money in United States dollars to be paid in that currency could result in a litany of lawsuits, especially against financial institutions.The ...Published: 22 May 2020 at 07:13hrs | 939 | by Staff reporter
Zimbabwe Covid-19 positive cases rise to 51
THE number of confirmed Covid-19 infected people in the country has risen to 51 after three new cases were reported yesterday. According to an update issued by the Ministry of Health and Child...Published: 22 May 2020 at 06:23hrs | 609 | by Staff reporter
New $10 notes start circulating
Some banks yesterday started issuing new $10 notes to customers queuing for cash, although others said they would only start availing them today. The red $10 notes were put into circulation by...Published: 20 May 2020 at 06:50hrs | 497 | by Staff reporter
Withdrawal limit increased
DEPOSITORS will be able to withdraw up to $1 000 weekly starting next Tuesday, the same day when new $10 and $20 notes will be introduced into circulation, the Reserve Bank of Zimbabwe (RBZ) said yest...Published: 16 May 2020 at 07:15hrs | 899 | by Staff reporter
New $10, $20 notes next week
New $10 and $20 banknotes are being introduced with the red $10 note circulating from Tuesday next week and the blue $20 note from the first week of June, the Reserve Bank of Zimbabwe (RBZ) has announ...Published: 16 May 2020 at 07:13hrs | 699 | by Staff reporter
Settle your US$ debt in US$, say Zimbabwe court
THE High Court yesterday ruled that the monetary changes made by the Reserve Bank of Zimbabwe on October 1, 2018, including the conversion of the US dollar account balances into RTGS and the Finance m...Published: 15 May 2020 at 07:46hrs | 1232 | by Staff reporter
Mnangagwa reshuffles top cops
The Zimbabwe Republic Police (ZRP) has transferred 110 officers between the rank of inspector and commissioner, in a development expected to improve efficiency in the police service. Inspector...Published: 12 May 2020 at 07:38hrs | 3056 | by Staff reporter
COVID-19: Urgent Need for African Governments to Upgrade the Health Systems
Amid multifold theories and disinformation spreading around the COVID-19 in Africa, it is important for African governments to consider strengthening the existing health systems and infrastructures, a...Published: 11 May 2020 at 16:24hrs | 152 | by Kester Kenn Klomegah
Rescue package to stop job losses, says Mthuli Ncube
A stimulus package to support companies rocked by the Covid-19 lockdown will soon be unveiled, as part of measures to avert mass job losses and save livelihoods, Finance and Economic Development Minis...Published: 27 Apr 2020 at 23:56hrs | 2093 | by Staff reporter
Hard times for taxi operators
HUNDREDS of taxi operators in Victoria Falls have been thrown out of business, hoping for a return only when the tourism industry regains its feet. The tourism industry ground to a halt becaus...Published: 27 Apr 2020 at 09:38hrs | 1004 | by Staff reporter
Zimbabwe records a budget surplus, But
Zimbabwe recorded its first fiscal surplus since 2011 as a result of significant contributions from Intermediate Monetary Transfer (IMT) Tax, subdued investment on capital expenditure and civil servic...Published: 26 Apr 2020 at 08:23hrs | 716 | by Victor Bhoroma
Triple threat of COVID-19, food shortages and economic crisis
Some restrictions of an initial 21-day lockdown that began last month, and was later extended by two more weeks, to contain the spread of CoVID-19 are being eased as the government tries to offset the...Published: 24 Apr 2020 at 08:35hrs | 115 | by The New Humanitarian
NetOne please come to our rescue
Village elder Mr Iron has been dealt a double blow, he can not call his children and can not buy his favourite drink because Netone network is down, rendering his e-wallet redundant. Jaji, Jin...Published: 23 Apr 2020 at 09:37hrs | 537 | by Tondo Thomas Murisa
Mnangagwa fails to copy Ramaphosa's billions model, but social safety nets expanded
Government has expanded social protection programs to mitigate the effects of Covid-19 and drought on people's livelihoods. When restrictions were imposed on March 30 to prevent the spread of Covid-19...Published: 23 Apr 2020 at 07:47hrs | 660 | by Staff reporter
$8m cash facility benefits 47 000 needy households
GOVERNMENT has in the past two weeks, disbursed nearly $8 million to over 47 000 households towards urban food deficit mitigation as part of efforts to cushion needy families during the Covid-19 lockd...Published: 23 Apr 2020 at 07:43hrs | 197 | by Staff reporter
Vendors propose govt protection from service providers during lockdown
Bulawayo vendors have proposed government protection from service providers during lockdown when they are not able to generate any income because their operations are a bit suppressed.Bulawayo...Published: 22 Apr 2020 at 09:17hrs | 651 | by Stephen Jakes
'Zimdollar value plunges 580%'
THE Zimbabwe dollar has devalued by over 580% since February 2019 to date, United States Agency for International Development food security arm, FEWS NET, has said. Due to inadequate foreign currency,...Published: 20 Apr 2020 at 08:38hrs | 1212 | by Staff reporter
Bulawayo needs 200 ventilators
BULAWAYO hospitals require 200 ventilators and 500 beds for them to be fully equipped to deal with coronavirus (Covid-19) cases in the event that more people are infected and need hospitalisation in t...Published: 19 Apr 2020 at 07:52hrs | 130 | by Staff reporter
Mnangagwa foreign trips bleed Treasury
FOREIGN jaunts by President Emmerson Mnangagwa and his administration officials plus rising public service salaries continue to weigh heavily on Treasury, which saw it overspend by over $1 billion, go...Published: 16 Apr 2020 at 07:54hrs | 1247 | by Staff reporter
Social safety net payouts begin
Vulnerable individuals in Bulawayo and Harare who are part of one million identified through the Social Welfare Department to benefit from the $600 million fund availed by the Government to mitigate t...Published: 16 Apr 2020 at 07:19hrs | 400 | by Staff reporter
Covid-19 relief cash transfers start today as virus cases rise to 18
ONE-million households identified through the Social Welfare Department to benefit from the $600 million kitty availed by the Government to mitigate the effects of Covid-19 are set to start receiving ...Published: 15 Apr 2020 at 07:33hrs | 375 | by Staff reporter
Bleak future beckons for businesses after lockdown
AS the 21-day lockdown continues with shops that sell non-essentials closed, there are concerns in the Gwanda business community that some of them might collapse while others might be left crippled. ...Published: 14 Apr 2020 at 07:16hrs | 383 | by Staff reporter
IAM4BYO seeks US$10,7m for city medical facilities
A BULAWAYO-BASED multi-stakeholder initiative, IAM4BYO-Fighting COVID-19, which was launched on Friday at Ekusileni Medical Centre, has embark on fund-raising programme to equip health institutions ha...Published: 13 Apr 2020 at 08:23hrs | 282 | by Staff reporter
EcoCash removes transfer fees for Covid-19 relief cash from government & NGOs
As Zimbabwe and the rest of the world battle the COVID-19 Coronavirus pandemic, EcoCash has moved to remove all processing fees for cash transfers designated as COVID-19 relief, to enable the Governme...Published: 12 Apr 2020 at 10:43hrs | 451 | by Agencies
Mnangagwa govt's coronavirus kitty raises stink
Government has imposed one of its ailing parastatals, NetOne, to exclusively manage the transfer of millions of dollars meant to cushion vulnerable populations against the effects of the coronavirus p...Published: 12 Apr 2020 at 09:05hrs | 459 | by Staff reporter
Covid-19 testing starts at Mpilo
MPILO Central Hospital in Bulawayo will tomorrow start testing for coronavirus (Covid-19) with the first samples being those of more than 400 Zimbabweans who were based in Botswana who arrived in the ...Published: 12 Apr 2020 at 08:37hrs | 258 | by Staff reporter
Britain donates US$43.6 million to Zimabbwe to fight Coronavirus
The UK is committed to fighting COVID19 not only at home in the UK but across the world. So far the UK has pledged £544 million to support vaccine and treatments research, protecting fragile economie...Published: 08 Apr 2020 at 18:00hrs | 2837 | by Mandla Ndlovu
Money changers back on streets
ILLEGAL money changers are slowly coming back to the city centre in Bulawayo while a majority are now operating from residential areas as the 21-day national lockdown entered Day 9 yesterday. ...Published: 08 Apr 2020 at 07:52hrs | 781 | by Staff reporter
VACANCY: Finance Assistant: Sexual Rights Centre (SRC)
Deadline: 15 April 2020Location: Bulawayo, ZimbabweBackgroundThe United Nations Development Programme (UNDP) Zimbabwe, serves as the Principal Recipient (PR) of the 3-year Global Fund ...Published: 07 Apr 2020 at 14:52hrs | 748 | by Mandla Ndlovu
Tenants flee US$ apartments
FINANCIALLY-SQUEZZED Gweru residents have begun migrating from the northern parts of the city to densely-populated suburbs, where rentals are cheaper, while others are relocating to rural areas as mos...Published: 06 Apr 2020 at 12:41hrs | 2349 | by Staff reporter
BCC's reconstruction of storm water drain to gobble $20 700, 000
The Bulawayo City Council's reconstruction of storm drains is expected to gobble $20 700 000.This is revealed in the latest council minutes."No works were done during the month of Febr...Published: 06 Apr 2020 at 08:58hrs | 241 | by Stephen Jakes
Diaspora dependance hit hard by lockdown
Most diaspora dependance in Zimbabwe have been hit hard by the country's total lockdown as they cannot have access to their monies sent on money transfer agencies.Officials from money transfer...Published: 01 Apr 2020 at 21:01hrs | 3071 | by Simbarashe Mwandipendaa
Zimbabwe developing Covid-19 contact geo-tracking system
THE Mnangagwa led government has started recording internal transfers of the virus and is set to produce a live geo-tracking system to track the movements and contacts of individuals who will test pos...Published: 01 Apr 2020 at 13:30hrs | 663 | by Staff reporter
RBZ orders corporates to bank US$ earnings into domestic nostro accounts
THE Reserve Bank of Zimbabwe (RBZ) has ordered all corporates receiving foreign currency, to deposit the money into their domestic nostro bank accounts. Last week, the RBZ lifted the ban on th...Published: 01 Apr 2020 at 07:52hrs | 1983 | by Staff reporter
RBZ suspends forex rule
THE Reserve Bank of Zimbabwe (RBZ) has suspended the 30-day foreign currency balance liquidation requirement for exporters as well as its attendant penalty system so as to minimise the impact of Covid...Published: 01 Apr 2020 at 07:31hrs | 557 | by Staff reporter
US$ revenues for own use: RBZ
Corporates receiving free funds from domestic transactions are allowed to use the funds for their own use either for foreign or for domestic payments, the Reserve Bank of Zimbabwe has said. Go...Published: 01 Apr 2020 at 07:29hrs | 273 | by Staff reporter
Zimbabwe parallel market rates nosedive
THE value of the United States dollar against the Zimbabwe dollar on the parallel market has nosedived due to a drop in demand, economists have said.The depreciation comes hardly a week after ...Published: 30 Mar 2020 at 18:58hrs | 7859 | by Staff reporter
BREAKING: Government to give 1 million families money during lockdown
President Emmerson Mnangagwa’s government has announced a raft of measures to mitigate the economic impact of Covid-19: 1, Senior journalist Brezhnev Malaba has reported. Posting on Twitter ...Published: 30 Mar 2020 at 16:27hrs | 6981 | by Mandla Ndlovu
Hive of activity as residents do last-minute shopping
THERE was a hive of activity in Bulawayo and Gweru yesterday as hundreds of people made last-minute shopping to beat the Government 21-day lockdown to flatten the coronavirus curve. President ...Published: 30 Mar 2020 at 08:12hrs | 276 | by Staff reporter
Mobile money subscriptions up 15%
The number of active mobile money subscriptions continued on a growth trajectory, registering a 15 percent growth in 2019, according to regulator, Postal and Telecommunications Regulatory Authority of...Published: 30 Mar 2020 at 08:07hrs | 183 | by Staff reporter
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