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Mangudya to present a clear roadmap on currency reforms
The Reserve Bank of Zimbabwe may unveil the measures in its Monetary Policy Statement to be announced on Wednesday, said the official, who asked not to be identified because he's not authorised to spe...Published: 10 hrs ago | 3121 | by Staff reporter
Mnangagwa losing war on money changers
Despite introducing a heavy penalty aimed at deterring would-be offenders, government is losing the war on illegal money changers in Harare as they are now fully back on the streets operating openly....Published: 13 hrs ago | 7669 | by Staff reporter
China spends $2,5 billion on Zimbabwe
China has spent $2,5 billion on Zimbabwe, which is by far the highest amount of money it has ever advanced to any African country.Speaking at the 2019 Spring Festival Gala held in Harare on Su...Published: 13 hrs ago | 1405 | by Staff reporter
Mangudya considering devaluing Zimbabwe bond notes
Zimbabwe's central bank is considering devaluing its quasi-currency as part of a raft of reforms to the nation's foreign-exchange system, according to a central bank official.Depreciating the ...Published: 14 hrs ago | 5243 | by Bloomberg
Zimbabwe FCA deposits hit US$600m
The decision to separate real time gross settlement (RTGS) foreign currency accounts from actual United States dollar accounts is beginning to pay dividends amid indications that deposits for the latt...Published: 18 Feb 2019 at 23:05hrs | 2821 | by Staff reporter
Black market forex rates fairly stable since January
BLACK market foreign currency exchange rates have remained fairly stable for almost two months with dealers attributing the trend to a reduction in demand.A random assessment by NewZimbabwe.co...Published: 18 Feb 2019 at 07:14hrs | 2216 | by newzimbabwe
Zimbabwe's January inflation hits 10,75%
The month on month inflation rate in January 2019 was 10,75 percent gaining 1,72 percentage points on the December 2018 rate of 9,03 percent. This means that prices of goods and services as me...Published: 18 Feb 2019 at 06:28hrs | 134 | by Staff reporter
The most popular slots in the year review
In 2018, there were many games that were at the top of the most popular slots rankings at online casinos and are therefore the most played. In addition to "old hands", numerous new slots have been add...Published: 17 Feb 2019 at 22:35hrs | 67 | by Staff Reporter
Zimbabwe urgently needs own currency
THE drive for Zimbabwe to have its own currency is understandably gain-ing traction, particularly given the aberrations of price increases, multi-tier pricing and foreign currency shortages on the loc...Published: 17 Feb 2019 at 18:44hrs | 4904 | by Edmore Ndudzo
Bushiri's private jet attached
Self-proclaimed prophet Shepherd Bushiri's multimillion-rand private jet has been attached by the Asset Forfeiture Unit (AFU) - part of the National Prosecuting Authority (NPA) - amid allegations that...Published: 17 Feb 2019 at 08:32hrs | 8181 | by news24
How cryptocurrencies can rescue Zimbabwe
On September 17, 2018 media houses were abuzz with the news that the then newly appointed Finance minister Mthuli Ncube was considering cryptocurrencies as an option for Zimbabwe's economic turnaround...Published: 17 Feb 2019 at 08:00hrs | 562 | by Masotsha Charles Matlobo
RBZ not ready for Zimdollar return
Speculation that the Reserve Bank of Zimbabwe (RBZ) is readying itself to reintroduce the demonitised local currency gained momentum last week when former Finance minister Tendai Biti tweeted that the...Published: 17 Feb 2019 at 07:59hrs | 1051 | by Staff reporter
RBZ speaks on Mthuli Ncube, Mangudya fight
The Reserve Bank of Zimbabwe has called upon Zimbabweans to reject reports that there was an angry exchange of words between Finance Minister Professor Mthuli Ncube and and RBZ Governor John Panonetsa...Published: 15 Feb 2019 at 17:16hrs | 18807 | by Mandla Ndlovu
Mangudya walks out of meeting with Mthuli Ncube
THERE was high drama after Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, in a fit of rage, tossed paper files at Finance minister Mthuli Ncube and walked out of a meeting, angrily slamming th...Published: 15 Feb 2019 at 15:37hrs | 18834 | by Staff reporter
Calls for Zimbabwe to join Rand Monetary Union grow
Zimbabwe must seriously look into the possibility of joining the Rand Monetary Union as the central bank mulls introducing a fresh monetary policy tool to alleviate foreign currency shortages, the hea...Published: 15 Feb 2019 at 14:44hrs | 3248 | by Staff reporter
Economists want US dollar floated
Zimbabwean economists wantReserve Bank of Zimbabwe Governor Dr John Mangudya to increase foreign currency retention thresholds for exporters, libelarise the US dollar exchange rate and introduce an in...Published: 15 Feb 2019 at 08:48hrs | 2176 | by Staff reporter
Ncube, Mangudya policy tussle on monetary policy statement
POLICY efficacy doubts - both fiscal and monetary - in supporting a liberalised foreign currency market, effectively discarding the 1:1 US dollar-bond note/RTGS dollar peg, have arguably been the main...Published: 15 Feb 2019 at 08:27hrs | 506 | by Brett Chulu
Zimbabwe property owners charge rentals in forex
PROPERTY owners are now demanding rentals in foreign currency as the local unit continues to rapidly lose value against the US dollar, businessdigest has learnt.The trend of charging goods and...Published: 15 Feb 2019 at 08:21hrs | 458 | by Staff reporter
Power to empower ...how energy projects are brightening Zimbabwe economic prospects - Mthuli Ncube
In today's world, energy has revolutionised all of our lifestyles. From the palm of our hands we have instruments more powerful than the largest and most sophisticated computers from just a few ...Published: 14 Feb 2019 at 18:24hrs | 1452 | by Hon. Prof. Mthuli Ncube
Mthuli Ncube, Mangudya in bitter fight over new Zimdollar
PRESIDENT Emmerson Mnangagwa has been forced to intervene in a growing turf war between Reserve Bank of Zimbabwe governor John Mangudya and his boss Finance minister Mthuli Ncube on the path Zimbabwe ...Published: 14 Feb 2019 at 15:51hrs | 19317 | by Staff reporter
Western Union fails to dispense cash
Western Union Co is failing to dispense cash from money transfers within Zimbabwe amid a worsening shortage of US dollars. The world's largest money transfer company declined to comment, refer...Published: 13 Feb 2019 at 09:15hrs | 4060 | by Staff reporter
Handmade Zimbabwe shoes an unlikely global hit
IN a tiny factory producing handmade boots and shoes in southwestern Zimbabwe, leather cutter Misheck Sibanda is on another hectic shift as he tries to keep up with soaring global demand.Order...Published: 13 Feb 2019 at 09:13hrs | 2794 | by AFP
Bank cashier in court over $1m fraud, money-laundering
A FIRST Bank cashier stationed in Harare yesterday appeared in court facing fraud and money-laundering charges involving $1 million.Bangiso Shield Tafirei (30) appeared before Harare magistrat...Published: 13 Feb 2019 at 08:46hrs | 2139 | by Staff reporter
Civil servants strikes, opposition's Trojan horse
Zimbabwe is fast becoming a "strike country" as various civil service arms try and outdo each other in registering their grievances against Government through withdrawal of labour and other forms of p...Published: 12 Feb 2019 at 22:26hrs | 847 | by Nicole Hondo
Egodini developer recruits 65 people
BULAWAYO's Egodini Mall developer, Terracotta Private Limited, has so far recruited 65 people to work on the initial stages of the multi-million dollar project. The Bulawayo City Council award...Published: 12 Feb 2019 at 22:23hrs | 824 | by Staff reporter
Passports backlog hits RG's office as dollar crunch bites
Delays in the processing of passports have hit Zimbabwe, with Registrar General Clemence Masango blaming a worsening foreign currency crisis which has sparked the downsizing of operations fearing a st...Published: 12 Feb 2019 at 10:49hrs | 1772 | by Staff reporter
Mthuli Ncube shoots down Biti's fear mongering attempt
FORMER Finance minister Tendai Biti yesterday sensationally claimed that government was planning to reintroduce a local currency this week, describing the purported move as "pure undiluted insanity"....Published: 12 Feb 2019 at 07:32hrs | 974 | by Staff reporter
Bulawayo suspends sale of housing stands
BULAWAYO City Council has suspended the sale of housing stands, citing currency distortions in the country less than two months after residents rejected its bid to sell stands in hard currency....Published: 11 Feb 2019 at 09:56hrs | 1228 | by Staff reporter
'Zimbabwe can raise 70% funding locally'
Finance and Economic Development Minister Professor Mthuli Ncube says Zimbabwe has potential to mobilise 70 percent of funding needed to finance key infrastructure projects on the domestic market, a s...Published: 10 Feb 2019 at 05:50hrs | 360 | by Staff reporter
Dairibord boss calls for new Zimbabwe currency
DAIRIBORD Holdings Limited chief executive officer Mr Antony Mandiwanza has waded into the debate over the re-introduction of a local currency, saying using the US dollar to produce pushes up operatin...Published: 10 Feb 2019 at 05:47hrs | 1436 | by Staff reporter
Zimbabwe 'shadow minister of finance' wants the country to adopt SA rand as currency
Zimbabwe should adopt South Africa's rand as its currency, one of a series of fundamental reforms needed to restore economic stability in the country, former Finance Minister Tendai Biti said....Published: 08 Feb 2019 at 20:54hrs | 3591 | by Bloomberg
Medical Aid Societies increase payments for healthcare services
The Association of Healthcare Funders of Zimbabwe has increased the fees payable by its member medical aid societies to healthcare service providers with effect from Monday (February 11).Payme...Published: 08 Feb 2019 at 20:04hrs | 1269 | by Agencies
'Zimbabwe to introduce domestic currency'
Zimbabwe will reintroduce domestic currency only when conditions are ripe and critical economic fundamentals are in place since using the US dollar as an anchor currency is now unsustainable, accordin...Published: 08 Feb 2019 at 09:04hrs | 7046 | by Business weekly
Mangudya expected to tackle fiscal rot
CENTRAL bank chief John Mangudya will have to make bold monetary policy decisions or risk the country sliding back into hyperinflation, analysts say.Mangudya, who is yet to present his much-an...Published: 08 Feb 2019 at 08:51hrs | 1745 | by Staff reporter
Hospital fees skyrocket
ZIMBABWE has been plunged into yet another health crisis as hospital fees have sharply risen, well beyond the affordability of most citizens, with most private health institutions now demanding paymen...Published: 08 Feb 2019 at 08:49hrs | 1804 | by Staff reporter
Mangudya in monetary policy fix
DISCORD between Reserve Bank of Zimbabwe (RBZ) governor John Mangudya and Finance minister Mthuli Ncube over policy issues around currency reforms has delayed the presentation of the monetary policy s...Published: 08 Feb 2019 at 08:48hrs | 3985 | by Staff reporter
Austerity shocks to subside in 6 months
Painful shocks from ongoing economic reforms will substantially subside after six months, as the period prior coincides with the implementation of most interventions Government is instituting to stabi...Published: 08 Feb 2019 at 08:33hrs | 248 | by Staff reporter
All eyes on Mangudya
RESERVE Bank of Zimbabwe chief John Mangudya is expected to present his monetary policy statement soon.No official explanation has been proffered for what appears to be an inordinate delay in ...Published: 08 Feb 2019 at 08:31hrs | 2316 | by Staff reporter
Mnangagwa threw caution to the wind
President Emmerson Mnangagwa ignored advice from a South Africa-based local businessman that a wage hike was the best way to deal with public sector union grievances, and that a failure to award an in...Published: 06 Feb 2019 at 15:41hrs | 6351 | by Staff reporter
Eastgate shopping complex opens its doors to the public
Eastgate shopping complex opened its doors to the public on Monday with retailers saying it was timely for Valentine's sales.The shops on the complex have varying business.Emmanuel Cak...Published: 06 Feb 2019 at 13:56hrs | 1926 | by Staff reporter
Economic stability by June: Cross
Zimbabwe has firm macro-economic fundamentals, notwithstanding current challenges, and the introduction of a new currency will further enhance stability, according to economist Mr Eddie Cross. ...Published: 06 Feb 2019 at 07:59hrs | 928 | by Staff reporter
Bold steps Mnangagwa should be taking instead of fiddling with the petrol price
When economically-challenged rulers try to run nations, especially fragile ones, they can easily make mistakes.In the past few weeks, demonstrators have taken to the streets of Khartoum and Om...Published: 05 Feb 2019 at 06:44hrs | 2855 | by Robert Rotberg
Government cautious as fuel supply stabilises
Energy and Power Development Minister Joram Gumbo says Government remains cautiously optimistic that the fuel situation in the country has stabilised on the back of improved availability and shorter q...Published: 04 Feb 2019 at 22:28hrs | 537 | by Staff reporter
Is RBZ shifting position?
THE Reserve Bank of Zimbabwe (RBZ) has given its clearest hint to date that the country is slowly re-dollarising after upgrading the Real Time Gross Settlement (RTGS) platform to include the United St...Published: 04 Feb 2019 at 15:09hrs | 10075 | by Pauline Hurungudo
NatPharm to open retail pharmacies
THE National Pharmaceuticals Company (NatPharm) will soon establish retail pharmacies that will dispense drugs at affordable prices and accept forms of payment accessible to the majority as Government...Published: 03 Feb 2019 at 11:52hrs | 320 | by Staff reporter
Zifa introduces online ticket sales
ZIFA have urged football supporters to embrace technology by buying online the tickets for the upcoming AFCON qualifier between Zimbabwe and Congo-Brazzaville set for the National Sports Stadium next ...Published: 02 Feb 2019 at 05:47hrs | 125 | by Staff reporter
No pay for striking doctors
Government has said it will not pay doctors for the days they were absent at their work stations during the 40-day long industrial action which started early in December and ended at the start of last...Published: 01 Feb 2019 at 13:29hrs | 1259 | by Staff reporter
Zimbabwe, its people are basis for Mnangagwa, Chamisa talks
Zimbabwe, its people are basis for ED, Chamisa talksRUN-AWAY inflation, a wave of strikes, a disaffected public service, a worthless currency and political tension on the streets around the countr...Published: 01 Feb 2019 at 09:38hrs | 382 | by NewsDay
The role of peace in the economy
We are still struggling, in Zimbabwe and Africa as a whole, when it comes to understanding and executing economic programmes that give sustainable growth. Most analysts tend to paint this poor underst...Published: 29 Jan 2019 at 14:17hrs | 138 | by Kernan Mzelikahle
'Poor, bankrupt, miserable country'
This description by British minister Alan Duncan was spot on. He was speaking on his way to the UN to discuss Venezuela. But he could equally well have been talking about Zimbabwe.Venezuela wa...Published: 29 Jan 2019 at 14:14hrs | 488 | by Zimvigil
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