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Zimbabwe moves towards full dollarisation
LATEST statistics availed by the Zimbabwe National Statistics Agency (ZimStat) show that Zimbabwe's economy is fast dollarising with 78% of transactions for food purchases now being done in foreign cu...Published: 2 hrs ago | 273 | by Staff reporter
Saviour Kasukuwere: The visionary leader Zimbabwe needs
As the 2023 elections in Zimbabwe approach, one candidate stands out as the leader the country needs to overcome its economic and social challenges: Saviour Kasukuwere. The 53-year-old former Cabinet ...Published: 05 Feb 2023 at 10:31hrs | 2461 | by Ntokozo Msipha
Zimbabwe plans to build new city for the rich
A brochure depicts pristine walkways, towering high rises and shining malls - all to be shared by a multiracial coterie of well-heeled residents. Plans also call for a solar plant, an important draw f...Published: 27 Jan 2023 at 15:20hrs | 13090 | by Staff Reporter
'The Crocodile has not changed'
The leader of Zimbabwe's main opposition party has warned of violence and repression by the ruling Zanu-PF party to ensure victory in elections scheduled for later this year.In an interview wi...Published: 25 Jan 2023 at 10:34hrs | 605 | by Staff reporter
Lenders slap Zimbabwe with US$2,1 billion penalties
INTERNATIONAL creditors and banks have hit Zimbabwe with penalties totalling US$2,1 billion for unsettled debts, official data has shown.According to a report titled "Statement of Zimbab...Published: 18 Dec 2022 at 06:50hrs | 1146 | by Staff reporter
Causes of food inflation in Zimbabwe
The World Bank recently released a report of the countries hardest hit by food inflation in the world. Zimbabwe tops that list with food inflation of 353% in the month of August 2022, beating Lebanon ...Published: 16 Dec 2022 at 00:11hrs | 1311 | by Victor Bhoroma
Government policy destroying the formal economy
Policy missteps and inconsistency has turned the Zimbabwean economy on its head against the formal sector, posing a threat to business continuity, domestic resource mobilization and formal employment....Published: 16 Dec 2022 at 00:06hrs | 839 | by Victor Bhoroma
US removes 17 Zimbabweans from sanctions list, but country remains under sanctions
THE United States government has today removed 17 Zimbabweans from the illegal sanctions list while adding four people and two companies, as the clarion call for total and unconditional removal of the...Published: 14 Dec 2022 at 06:31hrs | 640 | by Staff reporter
Zimbabwe paying price for shoddy energy deals
ZIMBABWE is paying the price for failure to tap into renewable energy, as climate change is hindering power generation at Kariba Power Station - the country's largest electricity generating plant - wh...Published: 04 Dec 2022 at 14:06hrs | 3505 | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1508 | by Respect Gwenzi
'Mnangagwa's govt likely to print money to fund deficit'
ONE of Zimbabwe's top financial institutions, FBC Holdings Limited (FBC) says the 2023 National Budget announced last week will likely be funded by money printing, amid dwindling revenue options for T...Published: 29 Nov 2022 at 05:21hrs | 332 | by Staff reporter
Zimbabwe govt pays US$50,28m to service external debt
TREASURY paid out US$50,28 million between January and September this year towards servicing its active debt portfolio while token payments were also made for debt arrears owed to International Financ...Published: 29 Nov 2022 at 05:15hrs | 232 | by Staff reporter
Zimbabwe foreign debt now US$14.4bn
DEBT-RIDDEN Zimbabwe's total official Public and Publicly Guaranteed (PPG) debt is estimated at ZW$2.2 trillion for domestic debt and US$14 billion for external debt (including blocked funds of US$3.1...Published: 27 Nov 2022 at 14:58hrs | 266 | by Staff reporter
Govt to recruit 7 000 teachers
The GOVERNMENT will recruit an additional 7 000 teachers next year to enhance the delivery of quality education, with special focus on infant education.In the 2023 National Budget tabled in Pa...Published: 27 Nov 2022 at 14:51hrs | 119 | by Staff reporter
Zimbabwe 5 years after Robert Mugabe - so, what has changed?
A climate of fear still lingers in Zimbabwe, five years after long-time ruler Robert Mugabe was deposed. As the country marks this milestone, few people are willing to speak openly about whether the g...Published: 22 Nov 2022 at 17:18hrs | 857 | by Staff reporter
Zimbabwe govt to resume school feeding
GOVERNMENT is set to resume the schools feeding programme whose aim is to nourish learners and reduce absenteeism due to hunger.Government initiated the schools feeding programme whereby schoo...Published: 14 Nov 2022 at 05:11hrs | 230 | by Staff reporter
'Sanctions have opened Zimbabweans' eyes'
ILLEGAL economic sanctions imposed on Zimbabwe by the West have taught the country to be self-reliant as seen by the hiring of local companies to carry out various infrastructure development projects ...Published: 07 Nov 2022 at 05:23hrs | 211 | by Staff reporter
Mnangagwa's Zanu-PF fears economic implosion
Zanu-PF has admitted that economic implosion is a big threat to its bid to retain power in next year's general elections.In its central committee (CC) report released last week, Zanu-PF said h...Published: 01 Nov 2022 at 05:15hrs | 3380 | by Staff reporter
'Zimbabwe making progress in formalising economy'
FINANCE minister Mthuli Ncube says the country is fast gaining ground on formalisation despite 86% of the economy being informal.Speaking at the launch of the second phase of the financial inc...Published: 01 Nov 2022 at 05:10hrs | 389 | by Staff reporter
Zimbabwe economy grew 9%
ZIMBABWE'S statistical agency says the economy grew by a staggering 8.5% last year from a decline of 7.8% in the prior year, exposing a wide discrepancy between official figures and those computed by ...Published: 23 Oct 2022 at 17:18hrs | 470 | by Staff reporter
Zimbabwe literacy rate drops to 93,7%
THE Zimbabwe National Statistics Agency (ZimStat) preliminary education survey results have revealed that nearly a million Zimbabweans aged four years and above are illiterate.The education su...Published: 19 Oct 2022 at 06:01hrs | 239 | by Staff reporter
World Bank commends Mthuli Ncube's bold economic reforms
GLOBAL financier, the World Bank (WB) has heaped praise on Zimbabwe for continuously implementing bold economic reforms more recently saying the initiatives had positioned the economy for a sound perf...Published: 16 Oct 2022 at 19:23hrs | 497 | by Staff reporter
Zimbabwe launches its first National Surgical, Obstetric and Anesthesia Strategy (2022 – 2025)
VICTORIA FALLS - To address challenges Zimbabwe faces in providing timely, affordable, safe and quality surgical services, the Government of Zimbabwe (GoZ...Published: 14 Oct 2022 at 06:40hrs | 841 | by APO
Mnangagwa makes senior appointments
PRESIDENT Mnangagwa yesterday made three senior Government appointments with Mr Willard Manungo being appointed Deputy Chief Secretary for Policy Analysis, Co-ordination and Development Planning in th...Published: 14 Oct 2022 at 05:45hrs | 816 | by Staff reporter
Matshe named deputy governor of the RBZ
Economist Innocent Matshe was on Thursday named deputy governor of the Reserve Bank of Zimbabwe, with effect from October 1.Matshe takes over from Kupukile Mlambo, whose term expired in June a...Published: 13 Oct 2022 at 20:08hrs | 1059 | by Staff reporter
Why is debt tough in poor countries than US?
The debate on African development has been trapped between mismanagement by its leadership and those who argue that Africa is rising but its progress is waylaid by conditions it found itself in upon j...Published: 10 Oct 2022 at 06:09hrs | 167 | by Tapiwa Gomo
Top chefs set to fall in PSC shake-up
AN overhaul is looming at the Public Service Commission (PSC) with reports suggesting President Emmerson Mnangagwa is likely to transfer chairperson Vincent Hungwe from his powerful post while commiss...Published: 07 Oct 2022 at 20:42hrs | 2094 | by Staff reporter
Sanctions increase cost of doing business in Zimbabwe
ILLEGAL sanctions imposed on Zimbabwe by the West hamper the free movement of funds across international borders, and therefore can raise the cost of doing business, or at least make investors worry a...Published: 03 Oct 2022 at 06:06hrs | 200 | by Staff reporter
200 000 graves cemetery for Bulawayo
BULAWAYO is set to have a 200 000-capacity cemetery which is expected to address the burial space shortage which has been haunting the city in recent years.The project is being implemented as ...Published: 02 Oct 2022 at 09:00hrs | 193 | by Staff reporter
Why ordinary Zimbabweans not particularly thrilled, or may actually be terrified, over possible gas and oil discovery!
The advent of the 'metaverse', or most specifically social media, has created an alternative reality for most people - which, oftentimes, is far divorced from the real physical world that we live in....Published: 28 Sep 2022 at 10:29hrs | 1393 | by Tendai Ruben Mbofana
Biti questions Zimbabwe external debt figure
FORMER Finance minister and Harare East legislator Tendai Biti has questioned the country's current external debt and says that the actual figure was likely higher than what government has disclosed....Published: 26 Sep 2022 at 05:59hrs | 677 | by Staff reporter
Zimbabwe among world's hungriest nations
ZIMBABWE is among the world's top 19 countries that face severe food shortages this year, the Food and Agriculture Organisation (FAO) has said.FAO's latest report released yesterday in collabo...Published: 23 Sep 2022 at 05:53hrs | 322 | by Staff reporter
Zimbabwe food inflation tops world, claims WB report
LATEST World Bank statistics indicate that Zimbabwe has the highest food inflation of 353%.Recently, Zimbabwe was ranked second to Lebanon, but it has since overtaken the Middle East country o...Published: 20 Sep 2022 at 06:05hrs | 277 | by Staff reporter
30m Euros set for Kariba Dam wall rehab
THE European Union (EU) has availed a €30 million package towards the Kariba Dam rehabilitation project. The announcement was made by EU ambassador to Zambia, Jasek Jankowski during a visit ...Published: 17 Sep 2022 at 06:44hrs | 449 | by Staff reporter
US$13bn mining deal sealed
The Government and two Chinese investors - Eagle Canyon International Group Limited and Pacific Goal Investment - yesterday signed a Memorandum of Understanding that immediately paves the way for the ...Published: 17 Sep 2022 at 06:40hrs | 372 | by Staff reporter
Zimbabwe sanctions effects laid bare at UN
A DOSSIER detailing in graphic detail the horrendous effects of unilateral sanctions that were imposed on Zimbabwe by Western countries at the turn of the millennium has been submitted to the United N...Published: 15 Sep 2022 at 05:51hrs | 502 | by Staff reporter
Zimbabwe has 2nd highest rising food prices, claims WB
THE World Bank says Zimbabwe has the second highest food prices in the world after it recorded a real food inflation annual rate of 52.In an update dated August 11, 2022, released on Sat...Published: 05 Sep 2022 at 06:40hrs | 791 | by Staff reporter
Mnangagwa calls for shared African values
AFRICA's shared values and common challenges should not only bring the continent closer, but also help nurture the capacity to build a stable and conflict-free Africa that is needed to promote sustain...Published: 29 Aug 2022 at 06:27hrs | 157 | by Staff reporter
WHO offers to rescue Zimbabwe's ailing health sector
THE World Health Organisation (WHO) has reaffirmed its commitment to strengthen Zimbabwe's health delivery system through the Health Labour Market Analysis (HLMA) currently underway.WHO countr...Published: 20 Aug 2022 at 07:17hrs | 1006 | by Staff reporter
Zimbabwe rated among 10 poor countries hardest hit by food inflation
THE latest World Bank (WB) food security report has indicated Zimbabwe was among countries worst affected by domestic food price inflation, a development that has exacerbated household food insecurity...Published: 18 Aug 2022 at 20:49hrs | 508 | by Staff reporter
Mnangagwa says Zimbabweans must stop parroting foreign narratives
ZIMBABWEANS should believe in themselves despite the continued imposition of sanctions on the country and be inspired by the national interest to work harder to develop their own country rather than "...Published: 14 Aug 2022 at 07:21hrs | 568 | by Staff reporter
Mnangagwa tells profiteers to play fair,
PRESIDENT Mnangagwa yesterday reiterated the need to adopt fair business practices and urged economic stakeholders to rally behind the country's transformation agenda and leave a legacy of positive im...Published: 13 Aug 2022 at 07:23hrs | 122 | by Staff reporter
Mnangagwa's chance to redeem legacy
ZIMBABWE and Kenya have striking political dynamics. Even the political history in post2000 era has same characteristics of violence, disputed electoral outcomes, power sharing agreements and voter ap...Published: 12 Aug 2022 at 20:26hrs | 685 | by Staff reporter
Mnangagwa's hectic schedule
PRESIDENT Mnangagwa will today lead key proceedings in a double hectic schedule in the resort city of Victoria Falls where he is set to officially open the End of Term Judges Symposium this morning an...Published: 12 Aug 2022 at 06:34hrs | 384 | by Staff reporter
Econet boss bags top director award
DEPUTY chief executive officer at Zimbabwe Stock Exchange-listed telecommunications giant, Econet, Roy Chimanikire was on Friday named Director of the Year for 2021.The director of the year aw...Published: 11 Aug 2022 at 06:43hrs | 499 | by Staff reporter
Zimbabwe is ripe for investment - it just needs to be done the right way
The massive surge in diaspora remittances to Zimbabwe - up to $1.4 billion last year - makes for an interesting case study of an economy significantly different from others. Not many countries can loo...Published: 27 Jul 2022 at 13:01hrs | 1730 | by Agencies
Zimbabwe misses out on G7 stimulus package
ZIMBABWE missed out on a G7-backed multi-billion-dollar stimulus package designed to help countries of the global South weather economic shocks caused by the Covid-19 pandemic.The reason for t...Published: 25 Jul 2022 at 07:57hrs | 784 | by Staff reporter
Harare-Beitbridge highway project: A new big step in the right direction
AS we turn right off the Harare-Beitbridge highway - just before the intersection of the Harare and Bulawayo arteries five kilometres north of Beitbridge Border Post on the banks of the Limpopo River ...Published: 25 Jul 2022 at 07:57hrs | 1467 | by Staff reporter
New Harare's US$500m Cyber City to feature 250 townhouses
PRESIDENT Emmerson Mnangagwa last week broke ground to launch the $500 million Zim Cyber City, a hi-tech park near capital Harare, that is being developed by UAE-based diversified industrial conglomer...Published: 24 Jul 2022 at 10:04hrs | 8384 | by Staff reporter
340km of Harare - Beitbridge highway revamp complete
AT least 340 kilometres of the Harare-Beitbridge highway have been reconstructed and opened to motorists in the past two years, officials said Friday, promising to expand the aggressive road revamp pr...Published: 17 Jul 2022 at 09:13hrs | 661 | by Staff reporter
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