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'6,4m Zimbabweans living in extreme poverty'
THE latest World Bank report indicates that 6,4 million Zimbabweans are living on less than US$1,90 a day.The report is based on the multilateral institution's Poverty and Inequality Platform ...Published: 01 Jul 2022 at 07:22hrs | 183 | by Staff reporter
Zimbabwe headed for a political dead heat in 2023
ZIMBABWE'S marginalised and poor communities, which have traditionally voted for the ruling Zanu-PF party and often abused as political fodder in the fractious politics of the country, are turning aga...Published: 29 Jun 2022 at 07:46hrs | 347 | by Rashweat Mukundu
Zimbabwe among Africa's top 5 diaspora funds recipients
ZIMBABWE is among 10 African countries that received the highest remittance inflows in 2021.According to the 2021 World Bank report, the country received US$2 billion and most recipients said ...Published: 13 Jun 2022 at 06:46hrs | 295 | by Staff reporter
Zimbabwe trade deficit hits US$34bn as industrialisation flops
ZIMBABWE has since 2002 accumulated a trade deficit of more than US$34 billion, a clear indication that the country's industrialisation-led import-substitution programmes have failed, new data show....Published: 11 Jun 2022 at 09:31hrs | 338 | by Staff reporter
Major upgrade for council clinics
A MAJOR infrastructure upgrade of Bulawayo City Council (BCC) clinics is underway and involves improving water supplies to the health facilities as well as medicines and other consumables.The ...Published: 11 Jun 2022 at 09:09hrs | 72 | by Staff reporter
Time to offer title deeds for Rural Dwellers
According to the world bank ,"Secure property rights and efficient land registration institutions are a cornerstone of any modern economy". This gives confidence to the national individuals and busine...Published: 09 Jun 2022 at 11:58hrs | 1010 | by Engineer Jacob Kudzayi Mutisi
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 4166 | by Victor Bhoroma
Free ambulance service, medication for pregnant women
A PARTNERSHIP between Government and the World Bank has resulted in the introduction of free ambulance services and medication for needy pregnant women in Bulawayo and Harare as part of efforts to imp...Published: 07 Jun 2022 at 23:41hrs | 602 | by Staff Reporter
Growing number of Zimbabwe couples opt for child adoption
IN most families, news that a loved one is going to have a child is usually received with joy.But when Kuteesa "Tess" Gweshe and her husband announced that they were going to have two more chi...Published: 04 Jun 2022 at 19:54hrs | 230 | by Staff reporter
Zimbabwe abandons debt relief initiative
The Zimbabwe government has abandoned its plan to access a debt relief facility under the Highly Indebted Poor Countries (HIPC) initiative, meant to resolve its unsustainable debt, Business Times repo...Published: 02 Jun 2022 at 09:29hrs | 1151 | by Staff reporter
132% inflation no cause for 'panic', says Mthuli Ncube
Zimbabwe is taking steps to tackle an inflation rate that's jumped to 132% after its currency slumped, Finance Minister Mthuli Ncube said."We are instituting measures that every other country ...Published: 27 May 2022 at 06:53hrs | 2879 | by Staff reporter
'75% of parents in Zimbabwe can't afford school fees'
PARENTS and guardians can no longer afford paying school fees with only 26% able to meet education expenses for their children, the Zimbabwe Statistics Agency (ZimStat) has said in its latest survey w...Published: 27 May 2022 at 06:44hrs | 358 | by Staff reporter
ZANU PF MPs want 2023 elections postponed
With the party popularity nosediving from 51% in 2018 down to below 30% at present due to poverty, unemployment and poor economic policies, ZANU PF Members of Parliament (MPs) are sensing danger and w...Published: 25 May 2022 at 10:26hrs | 4641 | by John Mbizvo
Zimbabwe won't fall prey to Western fables, fabrications
DRUMS are beating, so high to a deafening crescendo as Zimbabwe hurtles towards the 2023 elections. Of course, the ground is already uneven because President Mnangagwa has been implementing pro-people...Published: 25 May 2022 at 06:28hrs | 114 | by Staff reporter
Mnangagwa to headline AfCFTA talk at Davos
President Mnangagwa, in Davos attending the World Economic Forum, is today expected to contribute to and co-chair a breakfast discussion around Africa Continental Free Trade Area (AfCFTA).The ...Published: 24 May 2022 at 07:19hrs | 79 | by Staff reporter
Mnangagwa leaves for Switzerland
PRESIDENT Mnangagwa last night left Harare for Davos-Klosters, Switzerland, to attend the World Economic Forum (WEF) annual meeting where he will join 50 other heads of state and government to deliber...Published: 23 May 2022 at 06:35hrs | 174 | by Staff reporter
Hit hard by storms and forest loss, Zimbabweans building stronger homes
For Florence Panda, the best thing about her new house in eastern Zimbabwe is not the modern design or the size, big enough for her family of nine.It's the fact that the house is built with ce...Published: 22 May 2022 at 08:33hrs | 158 | by Staff reporter
ZANU-PF MPs want 2023 elections postponed
With the party popularity nosediving from 51% in 2018 down to below 30% at present due to poverty, unemployment and poor economic policies, ZANU PF Members of Parliament (MPs) are sensing danger and w...Published: 21 May 2022 at 16:05hrs | 457 | by John Mbizvo, Political Analyst
What became of Zimbabwe's Patriotic Bill?
THE Zimbabwe government has made several attempts to close down the civic space in Zimbabwe through existing and new legislation. This includes some amendments to the Criminal Law Codification and Ref...Published: 19 May 2022 at 18:59hrs | 513 | by Nompilo Simanje and Otto Saki
Mugabe's empire is collapsing like a castle built on sand
What you need to know:‘Gucci Grace' will, however, still live comfortably for the rest of her life even if the businesses that her husband left her collapse, as post-coup law ensures that sh...Published: 13 May 2022 at 19:14hrs | 3064 | by Staff reporter
Professor Ncube says lending ban to prick the bubble
The ban on bank lending announced by President Mnangagwa at the weekend to ward off attacks on the Zimbabwe dollar, stabilise the exchange rate and rein in on rising inflation, is only a temporary mea...Published: 12 May 2022 at 06:27hrs | 375 | by Staff reporter
Mudenda criticises Bretton Woods institutions
The Bretton Woods institutions have been slammed for punishing African countries that seek to control and exploit their natural resources for the benefit of their nationals.Speaker of the Nati...Published: 12 May 2022 at 06:26hrs | 124 | by Staff reporter
Why others will land man on Mars whilst we still 'struggle to cross the street!'
"And we (in Africa) are still struggling to cross the street!" was the spontaneous respond of "Mwalimu" (Teacher) Julius Kambarage Nyerere, then President of Tanzania, when he learnt the American had ...Published: 11 May 2022 at 08:04hrs | 700 | by Wilbert Mukori
Economic growth all good, but meaningless when Zimbabweans' livelihoods deteriorating!
A father can boast of his recent promotions at work or the expansion of his business entities.He can even be proud of the increased financial earnings, and profit margins coming into his pocke...Published: 30 Apr 2022 at 21:42hrs | 861 | by Tendai Ruben Mbofana
Zimbabwe govt desperate for Western bailout
Zimbabwe has taken its begging bowl to the international community as it desperately seeks financial sponsors to help pay off nearly US$2.5 billion in external arrears owed to the World Bank and the A...Published: 30 Apr 2022 at 16:25hrs | 1063 | by Staff reporter
Mnangagwa pleads poverty
REVELATIONS that Zimbabwe is pushing to be classified a Heavily Indebted Poor Country (HIPC) as Harare seeks debt relief in what is effectively a volte-face on the long-held official aversion to the i...Published: 27 Apr 2022 at 13:37hrs | 281 | by Staff reporter
Zimbabwe must abandon use of US$ immediately
ECONOMIST Eddie Cross, believes the best way to stabilise the prices of basic goods in the country and spur development is to end the use of the United States dollar in the economy. Speaking on 3Ktv p...Published: 27 Apr 2022 at 12:57hrs | 800 | by Staff reporter
Nightmare as Zimbabwe inflation spikes to 96,4%
ZIMBABWE'S inflation yesterday raced to 96,4%, up from 72% the previous month, raising fears of a possible return to hyperinflation.Inflation has been on an upward trend since late last year w...Published: 27 Apr 2022 at 12:50hrs | 212 | by Staff reporter
Mthuli Ncube holds talks with investors on USD bond
Finance and Economic Development Minister Professor Mthuli Ncube last week held a productive meeting with international investors who are keen to participate in the Government's US$100 million bond th...Published: 25 Apr 2022 at 08:49hrs | 575 | by Staff reporter
Zimbabwe pushing to be classified a Heavily Indebted Poor Country
ZIMBABWE is pushing to be classified a Heavily Indebted Poor Country (HIPC) as the country seeks debt relief in what could be a volte-face on the long-held official aversion to the initiative, a new r...Published: 15 Apr 2022 at 19:22hrs | 933 | by Staff reporter
World Bank and the IMF have remained largely colonial in character to this day
Most people assume that inequality between the global South and the global North (the United States, Western Europe, Japan, Canada and Australia) has been declining over the past few decades. After al...Published: 13 Apr 2022 at 07:43hrs | 362 | by Professor Jason Hickel
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 12 Apr 2022 at 16:50hrs | 631 | by Victor Bhoroma
Zimbabwe Anti-Corruption Commission fails to account for millions in state funds
IN a dramatic irony, Auditor-General Mildred Chiri says the Zimbabwe Anti-Corruption Commission (Zacc) has failed to properly account for millions of United States dollars which could have been misapp...Published: 09 Apr 2022 at 08:40hrs | 505 | by Staff reporter
EU MP calls for Zimbabwe sanctions removal
A MEMBER of the European Parliament, Fulvio Martusciello, has called for the removal of illegal economic sanctions that were imposed by the Western world on Zimbabwe, saying Harare needs a fresh start...Published: 09 Apr 2022 at 08:15hrs | 204 | by Staff reporter
Suspected ghost workers siphon ZW$2.5bn from govt
THE government could be financing ghost workers prejudicing the state as the authorities have failed to account for payments amounting to ZW$2.5 billion, it has emerged.A red flag has been rai...Published: 08 Apr 2022 at 19:30hrs | 763 | by Staff reporter
Zimbabwe eyes improvement in competitiveness rankings
Zimbabwe is targeting to improve competitiveness and ease of doing business ranking riding on the use of technology by firms, Business Times can report. The country's rankings have been sliding over t...Published: 08 Apr 2022 at 09:16hrs | 79 | by Staff reporter
Zimbabwe committed to clear debt arrears
The government is committed to clear its debt arrears with international financial institutions (IFIs) to unlock fresh capital, the Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya (pictured) sa...Published: 08 Apr 2022 at 09:16hrs | 88 | by Staff reporter
No hope for Batoka 50 years on
THE 2 400 megawatts (MW) Batoka Hydroelectric Power Station Project has come under the spotlight, with Zesa Holding executive chairman Sydney Gata explaining several missteps that have held back the p...Published: 03 Apr 2022 at 08:31hrs | 654 | by Staff reporter
It's the economy, stupid!
Eons ago, in Bishop Lazi's village, there lived a pint-sized legend who was known far and wide.Everyone always surmised — and with good reason too — he had inherited the worst biological q...Published: 03 Apr 2022 at 08:20hrs | 102 | by Bishop Lazarus
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 01 Apr 2022 at 12:34hrs | 1038 | by Victor Bhoroma
Women living disabilities suffer from political exclusion
TRAUMATIC episodes of unmitigated violence and stigma are among deterrents in mainstream political participation for women with disabilities in Zimbabwe, a development that leads to disability issues ...Published: 01 Apr 2022 at 09:05hrs | 52 | by Staff Reporter
Mnangagwa unhappy with gas licensees
Delays by some investors in implementing projects for renewable or lower carbon energy are potentially hampering Zimbabwe's progress despite the investors being awarded special permits by the Governme...Published: 26 Mar 2022 at 06:15hrs | 359 | by Staff reporter
WB, AfDB bankroll Zimbabwe renewable energy projects
THE World Bank (WB) and African Development Bank (AfDB) have been assisting the Zimbabwean government to implement the renewable energy policy to enhance use of alternative energies.This was r...Published: 24 Mar 2022 at 05:24hrs | 811 | by Staff reporter
Mthuli Ncube sends mixed signals on fuel
FINANCE minister Mthuli Ncube this week sent mixed signals over the country's neo-liberal policy on fuel subsidy as policy inconsistency remains one of the major sources of concern for investors....Published: 19 Mar 2022 at 07:19hrs | 1777 | by Staff reporter
UN donates 4 ambulances to govt
THE United Nations Office for Project Services (UNOPS) yesterday donated four fully equipped ambulances to boost government's disaster preparedness in areas vulnerable to natural disasters.Spe...Published: 19 Mar 2022 at 06:47hrs | 53 | by Staff reporter
Forex shortage hampers Zimbabwe power imports
ZESA says it has not started planned power imports from the region to plug a yawning domestic supply gap due to shortage of foreign currency required to pay suppliers.Executive chairman Dr Syd...Published: 17 Mar 2022 at 05:44hrs | 178 | by Staff reporter
Economy expected to grow despite erratic rains
Old Mutual Investment Group believes Zimbabwe's economy may still register strong growth this year despite the erratic rains experienced in the country, which negatively affected farming.The i...Published: 16 Mar 2022 at 05:31hrs | 81 | by Staff reporter
South Africa tops in inequality rankings
South Africa is the most unequal country in the world, with "race" playing a key role in a society where 10 percent of the population owns more than 80percent of the wealth, according to a World Bank ...Published: 11 Mar 2022 at 05:35hrs | 150 | by Staff reporter
The end of the Petrodollar and the rise of the Petroyuan
A "Petrodollar" is a U.S. Dollar obtained through the sale of crude oil, i.e. it's a term created particularly to describe the situation of the OPEC countries, where the sale of this commodity allows ...Published: 08 Mar 2022 at 07:17hrs | 1194 | by Hugo Martins | Analyst
Inflation triggers job carnage
A TOTAL of 314 304 jobs were lost during the fourth quarter of last year after the country experienced high inflation levels, leaving employers with no choice, but to downsize, the Zimbabwe National S...Published: 08 Mar 2022 at 05:47hrs | 551 | by Staff reporter
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