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Eradicating extreme poverty critically essential
The World Bank Economic Update on Zimbabwe released in June 2021 contains some worrying trends on the increase in extreme poverty in the country. The report points that the number of extremely poor re...Published: 16 hrs ago | 138 | by Victor Bhoroma
Schools will reopen as directed by Mnangagwa
PRIMARY and Secondary Education minister Cain Mathema yesterday told Parliament that schools will reopen as directed by President Emmerson Mnangagwa, adding that he would soon issue a ministerial stat...Published: 22 hrs ago | 2685 | by Staff reporter
Zimbabwe inflation takes a tumble, exports rise
Zimbabwe's annual rate of inflation declined to double digit level for the first time in nearly two years this month, hitting 56,37 percent, with President Mnangagwa noting the fall marked yet another...Published: 28 Jul 2021 at 07:34hrs | 329 | by Staff reporter
Fact-checking Biti's corruption speech
Opposition MDC Alliance vice president and former finance minister Tendai Biti gave an online speech on corruption in Zimbabwe on July 18, 2021.Here, we check key claims from Biti's address:...Published: 26 Jul 2021 at 19:35hrs | 2132 | by Staff reporter
'Inflation a Zimbabwe regime change tool'
AFTER two decades of blaming sanctions imposed by the West for its failure on the economic front, the Zanu-PF government has found a new scapegoat - inflation - describing the scourge as enemy-enginee...Published: 26 Jul 2021 at 06:48hrs | 1983 | by Staff reporter
Half Zimbabwe's population now extremely poor
ALMoSt half of Zimbabwe's population has become extremely poor because of the impact of Covid-19 and the economic contraction, a new survey has shown.the 2020 Rapid Poverty Income Consumption ...Published: 25 Jul 2021 at 08:23hrs | 993 | by Staff reporter
Diaspora inflows top US$1 billion
Zimbabwe's Diaspora remittances jumped 58 percent last year, to about US$1 billion, a development that helped the country to cover gaps left by trade disruptions caused by the Covid19 pandemic. ...Published: 20 Jul 2021 at 08:11hrs | 223 | by Staff reporter
MDC's Dr Mashakada praises economic reforms
FORMER Minister of Economic Planning and Investment Promotion and a key member of the MDCT party, Dr Tapiwa Mashakada has heaped praises on the country's economic revival efforts under the Second Repu...Published: 20 Jul 2021 at 08:10hrs | 572 | by Staff reporter
Companies threaten to sue Auditor General Mildred Chiri
AUDITORGeneral (AG) Mildred Chiri says her office has been threatened by some companies named in her recently released hardhitting annual audit report for 2019.Giving oral evidence to the Publ...Published: 20 Jul 2021 at 08:07hrs | 322 | by Staff reporter
The fight against COVID-19 is everyone's responsibility
The first Saturday of this month saw local author, film maker and anti-Government activist, Tsitsi Dangarembwa, getting her first COVID-19 vaccination jab at Parirenyatwa Hospital in Harare. She did n...Published: 19 Jul 2021 at 13:35hrs | 483 | by Nobleman Runyanga
Zimra collects $108bn revenue
Zimra collected $108,93 billion in taxes and duties for the quarter of April to June this year surpassing its target by 15,96 percent, mainly due to intensified enforcement of tax laws and revenue enh...Published: 19 Jul 2021 at 06:38hrs | 194 | by Staff reporter
Outrage over minister's £330 000 super car
Revelations that an unnamed Zimbabwean government minister is importing a luxurious Rolls Royce Phantom worth £330 000 from the United Kingdom have sparked outrage from local and British activists....Published: 18 Jul 2021 at 08:13hrs | 1350 | by Staff reporter
Lessons from SA social unrest
THE turmoil in South Africa following the recent jailing of former president Jacob Zuma and subsequent social unrest characterised by rioting and looting for many other reasons - including deprivation...Published: 17 Jul 2021 at 15:24hrs | 398 | by Staff reporter
Ignore critics, says Mnangagwa
RESIDENT Emmerson Mnangagwa has called on his party members to ignore critics who have been blasting the Zanu-PF government over its failures, describing them as prophets of "doom".Mnangagwa s...Published: 16 Jul 2021 at 09:21hrs | 398 | by Staff reporter
Clock ticks for rogue NGOs
MACHINATIONS by the country's detractors to derail the country's development either clothed as non-governmental organisations (NGOs) or blunt opposition forces that do not wish the country any good mu...Published: 15 Jul 2021 at 09:20hrs | 181 | by Staff reporter
Suffocating enablers of Zimbabwe's vision is the new plot
When the European Union and its big brother, the US, imposed sanctions on Zimbabwe, the central object as the then US Assistant Secretary of State for African Affairs, Chester Crocker put it, was to m...Published: 15 Jul 2021 at 09:15hrs | 350 | by Tafara Shumba
Mnangagwa warns NGOs
GOVERNMENT is keeping a close eye on Non-Governmental Organisations (NGOs) activities and will not hesitate to deal with those that divert from their functions and start to interfere in political proc...Published: 15 Jul 2021 at 09:11hrs | 146 | by Staff reporter
Zimbabwe's new $50 can't buy bread
LAST week, the Zimbabwean central bank introduced a $50 note, the country's highest denomination since a return to Zimbabwean dollars as the main currency in 2019.It joins other denominations ...Published: 13 Jul 2021 at 09:15hrs | 2174 | by Staff reporter
Zanu-PF would have to defy reality to win in 2023
When Zimbabwe enters the pre-election circus, usually two years before elections are due, and the Afrobarometer produces a survey, the only interest the survey generates is in the estimates of which p...Published: 11 Jul 2021 at 10:51hrs | 836 | by Staff reporter
Biti rubbishes IMF over 7% Zimbabwe growth rate
FORMER finance minister Tendai Biti has describe the International Monetary Fund (IMF) as a naive and dishonest institution after it published a report forecasting a 7% growth in Zimbabwe's economy....Published: 10 Jul 2021 at 11:01hrs | 2096 | by Staff reporter
Zimbabwe should refuse to repay colonial debt
THE Zimbabwean government is currently engaging with its creditors in order to reduce its external debt burden.Economic watchers argue that the country would be justified in repudiating the de...Published: 10 Jul 2021 at 10:56hrs | 298 | by Kudakwashe Matiza
Govt dithers over radar acquisition
THE scandal-riddled process to acquire a modern air traffic control system, commonly known as the radar, has taken yet another twist after it emerged this week the Office of the President and Cabinet ...Published: 09 Jul 2021 at 12:05hrs | 306 | by Staff reporter
'There is a lot of hope than reality…': Richard Quest
ZANU PF's recklessness and corruption has dragged the Zimbabwean economy into the worst liquidity crunch. An economic catastrophe which can only be experienced in a war-torn country."There is ...Published: 04 Jul 2021 at 12:21hrs | 1035 | by Prince Njagu
Chinese firm to fix Zimbabwe’s troubled aviation system
A Chinese multi-national, China Harbour Engineering Company (CHEC), has just signed a contract worth close to US$5 million to fix Zimbabwe's troubled aviation air communication systems despite a flawe...Published: 30 Jun 2021 at 17:09hrs | 828 | by Staff reporter
Virtual reality - Zimbabwe Vigil Diary
President Mnangagwa's wealth is estimated at US$500 million by the research company Africa Risk Consultancy (ARC). He heads its list of the wealthiest members of Zimbabwe's 'ruling political elite'....Published: 27 Jun 2021 at 14:26hrs | 1319 | by ZimVigil
Masiyiwa raps 'rich' nations for hoarding COVID-19 vaccines
PHILANTHROPIST and telecommunications giant Strive Masiyiwa has criticised the world's richest nations for deliberately causing a shortage of COVID-19 vaccines in Africa.A livid Masiyiwa, who ...Published: 25 Jun 2021 at 07:53hrs | 1234 | by Staff reporter
Zimbabwe receives equipment to detect COVID-19 variants
ZIMBABWE is now able to detect COVID-19 variants after it received a donation of 57 PCR testing machines from a Chinese firm.Satewave Technologies donated the machines, along with 1 000 boxes ...Published: 25 Jun 2021 at 07:52hrs | 498 | by Staff reporter
Afrobarometer opinion is it is flawed and manipulated
Zimbabwe woke up to a report by Afro Barometer which was so negative to the efforts being made in the democratisation of Zimbabwe and positive on the fight against COVID-19. The mixed bag from Afrobar...Published: 21 Jun 2021 at 17:27hrs | 1972 | by Dr Masimba Mavaza
Zimbabwe won't get international Covid-19 rescue package
ZIMBABWE will not receive a dime from a multi-billion-dollar facility organised by international financial institutions which seeks to help countries of the global South in dealing with the socio-econ...Published: 19 Jun 2021 at 15:03hrs | 985 | by Staff reporter
The Mauritius example on economic development
Mauritius is ranked by the World Economic Forum as the most competitive economy in Sub-Saharan Africa and high income country with a Gross National Income (GNI) per capita of US$12,740 (Sub-Saharan Af...Published: 19 Jun 2021 at 08:48hrs | 492 | by Port Louis Riverfront, Mauritius
IMF projects 6% growth for Zimbabwe
THE International Monetary Fund (IMF) has predicted that Zimbabwe's economy will grow by 6% this year, but warned that uncertainty remains high and the outlook will depend on the Covid-19 pandemic's e...Published: 18 Jun 2021 at 13:07hrs | 507 | by Staff reporter
IMF rules out Zimbabwe bailout
Fund International Monetary Fund (IMF) on Wednesday said it would not move an inch from its position that Zimbabwe did not qualify for financial bailouts even after clearing its debts to the global le...Published: 18 Jun 2021 at 07:24hrs | 1401 | by Staff reporter
'Zimbabwe govt stifling rights of children'
THE Zimbabwean government is stifling the rights of children by failing to provide a conducive environment for their well-being despite provisions in the Constitution to that effect, a leading human r...Published: 17 Jun 2021 at 06:14hrs | 355 | by Staff reporter
World Bank, African Union's COVID vaccine task force, all set to deploy vaccines to 400 million Africans
World Bank President David Malpass, and his senior management team, comprised of Dr Axel van Trotsenburg and Dr Makhtar Diop, have met with the African Union's COVID-19 Vaccine Acquisition Task Team (...Published: 15 Jun 2021 at 16:05hrs | 282 | by Agencies
World Bank partnership unlocks over US$3 billion for African countries to buy vaccines from AU platform
World Bank President David Malpass this week met with a delegation of the Africa Vaccine Acquisition Task Team (AVATT), led by African Union (AU) Special Envoy Strive Masiyiwa, to discuss the multibil...Published: 13 Jun 2021 at 18:07hrs | 158 | by Agencies
Half a million Zimbabweans lose jobs
ABOUT 500 000 Zimbabweans have lost their jobs since the Covid-19 pandemic broke out last year igniting de-industrialisation, the World Bank (WB) said, as it revealed extensive food shortages and wors...Published: 13 Jun 2021 at 07:27hrs | 1203 | by Staff reporter
World Bank predicts 3,9% growth
ZIMBABWE'S economy will grow by 3,9% this year, underpinned by a good agricultural season and an inflationary slowdown, the World Bank (WB) predicted yesterday.However the global lender warned...Published: 11 Jun 2021 at 07:36hrs | 185 | by Staff reporter
Mangudya clashes with World Bank
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday clashed with the World Bank representatives as he vehemently disputed their projected annual inflation rate.This played out at t...Published: 11 Jun 2021 at 06:40hrs | 2942 | by Staff reporter
World Bank projects growth for Zimbabwe
The World Bank has commended the Government's economic revival framework and noted that Zimbabwe is poised to register economic growth this year despite a raft of challenges posed by the Covid-19 pand...Published: 11 Jun 2021 at 06:28hrs | 241 | by Staff reporter
Zimbabwe upbeat about economic rebound
Zimbabwe is hoping for economic rebound this year as Finance Minister Mthuli Ncube expects the economy to grow by 7.8%.For two consecutive years, the country's economy has been shrinking. Even...Published: 10 Jun 2021 at 21:23hrs | 174 | by Staff reporter
Mobile money platforms propel digital economy higher
Zimbabwe has been ranked high in the digital economy given its widespread use of mobile money platforms, online banking and international activity, according to a World Bank commissioned Digital Econo...Published: 09 Jun 2021 at 07:11hrs | 125 | by Staff reporter
Holiday lessons at schools banned
Holiday lessons at schools banned Information Publicity and Broadcasting Services Minister Senator Monica Mutsvangwa addresses a post-Cabinet media briefing in Harare yesterday while Chief Secretary t...Published: 09 Jun 2021 at 07:09hrs | 226 | by Staff reporter
World Bank in deal to boost Vic Falls flights
The International Finance Corporation (IFC), a unit of the World Bank, will partner the Ministry of Environment, Climate, Tourism and Hospitality Industry in efforts to attract more airlines and fligh...Published: 08 Jun 2021 at 06:30hrs | 232 | by Staff reporter
2021 Mid-Term Budget Expectations
Zimbabwe's mid-term budget for 2021 is expected to be presented in the beginning of July amid encouraging signs of economic recovery in the last 12 months. The country is undergoing a period of relati...Published: 03 Jun 2021 at 20:21hrs | 704 | by Victor Bhoroma
Zimbabwe gets backing in anti-sanctions war
ZIMBABWE scored big in its quest to have the punitive and illegal economic sanctions imposed by the West two decades ago removed after the United States' House of Representatives Committee admitted th...Published: 29 May 2021 at 08:09hrs | 575 | by Staff reporter
Zimbabwe 'rogue shadow' worries World Bank
A WORLD Bank (WB) executive has warned that Zimbabwe's recovery efforts will be held back by a "Rogue Shadow of Informality" that will affect revenue flows into the fiscus and aggravate deepening pove...Published: 26 May 2021 at 06:24hrs | 451 | by Staff reporter
IMF says Zimbabwe needs sound policies and donor support
ZIMBABWE needs a "broader reform and stabilisation agenda" to sustain an almost year-long effort by authorities to support the local currency and lower inflation, the International Monetary Fund said....Published: 21 May 2021 at 06:02hrs | 519 | by Staff reporter
Mystery of Kuda Tagwirei's assets in Zimbabwe revival plan
In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. that would hold some of the nation's most valuable gold, platinum, chrome and nickel mi...Published: 11 May 2021 at 09:02hrs | 6004 | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | 1127 | by Victor Bhoroma
Soda ululates rehabilitation of Kariba dam
Minister of Energy Zhemu Soda appreciated and ululated the rehabilitation of the Kariba dam at a meeting held in Kariba yesterday.The meeting was held by various stakeholders aimed to ap...Published: 07 May 2021 at 10:26hrs | 890 | by Tarisai Mudahondo in Kariba
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