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Dumping US dollar 'keeps politics out of economic development'
Boosting trade settlements in national currencies between members of the BRICS group is a strategic necessity, Russian President Vladimir Putin has said, adding that a shift from the US dollar would s...Published: 22 Oct 2024 at 15:55hrs | 588 | by Staff reporter
Exposing economic saboteurs threatening Zimbabwe's future
THE introduction of the Zimbabwe Gold Currency (ZiG) symbolised a shift toward economic sovereignty, self-reliance and stability. Yet, instead of celebrating this monumental effort, some individuals w...Published: 02 Oct 2024 at 07:49hrs | 250 | by Innocent Mujeri
Why does Zimbabwe attract rogue Chinese investors?
Last night, I had the honor of being one of those invited for the launch of a report, in Harare, by the Center for Natural Resource Governance (CNRG) titled, 'Chinese Investments in Zimbabwe'....Published: 27 Sep 2024 at 22:57hrs | 4974 | by Tendai Ruben Mbofana
Commission red flags new Harare buildings
The commission of inquiry investigating the operations of Harare City Council from 2017 to date has raised concerns over several buildings being constructed in the city, citing potential dangers to th...Published: 27 Sep 2024 at 08:21hrs | 213 | by Staff reporter
Man jailed for using spy camera to catch cheating wife
A Taiwan court of law sentenced a man to three months in prison for invading his adulterous wife's privacy by installing hidden cameras around their home.Chinese media recently reported the un...Published: 06 Sep 2024 at 07:57hrs | 1808 | by Staff reporter
Zimbabwe must copy China's Common Prosperity development model
ZIMBABWE has always regarded China as a friend and there is a need for the southern African investment-starved nation to copy the Asian giant country's common prosperity development model, which has s...Published: 17 Aug 2024 at 12:46hrs | 105 | by Silas Nkala
Armed robber gunned down in Zimbabwe
Police have arrested two suspected armed robbers, Kenneth Chiputura (50) and Jaison Munyapa (18), while Raymond Mugabe (39) was shot and killed during his arrest.The suspects are linked to a s...Published: 30 Jul 2024 at 07:42hrs | 998 | by Staff reporter
Police account for 3 wanted robbers
Police have apprehended three members of a five-man armed robbery gang from Harare, with two suspects arrested and a third killed in a shoot-out with detectives in Chinamhora over the weekend....Published: 29 Jul 2024 at 04:14hrs | 266 | by Staff reporter
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 61 | by Nick Mangwana
Chinese investor threatens to dump coking coal project
A Chinese investor, Guo Feng, is facing challenges with the Hwange Coal Gasification Company (HCGC) after allegedly losing approximately US$2 million worth of coke due to what he claims are corrupt ac...Published: 30 Jun 2024 at 18:29hrs | 20 | by Staff reporter
Mnangagwa cracks whip on top soldiers
President Emmerson Mnangagwa has reportedly cracked the whip firing seven high-ranking members of the Zimbabwe Defence Forces (ZDF) after they failed to rein in their subordinates who walked out on hi...Published: 19 Dec 2023 at 13:55hrs | 18 | by Staff reporter
Chamisa promises to scrap CALA, school, exam fees
Citizens Coalition for Change president Nelson Chamisa has said once his party gets into government he will review the Zimbabwe education system and scrap the Continuous Assessment Learning Activities...Published: 29 Jul 2023 at 15:05hrs | 6 | by Staff reporter
It's time for a new Zimbabwe currency
ZIMBABWE'S official month-on-month inflation figure for May was reported at 75,4% (CPI), by the Zimbabwe National Statistics Agency (ZimStats).The annual inflationary pressures for...Published: 08 Jul 2023 at 09:57hrs | 9 | by Kevin Tutani
Mnangagwa heads to Magunje for star rally
PRESIDENT Mnangagwa today heads to Mashonaland West for a star rally in the province that has in the past five years benefited immensely from the Second Republic-initiated programmes and projects....Published: 08 Jul 2023 at 08:22hrs | 10 | by Staff reporter
China takes next step in currency globalisation
China's gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies start trading in their home currency in Hong Kong's stock market....Published: 19 Jun 2023 at 06:38hrs | | by Staff reporter
'US debt is a pyramid scheme used to defraud other nations'
Senior Russian lawmaker Vyacheslav Volodin has branded US federal government debt a global pyramid scheme that is heading for an inevitable collapse. The comments come as Washington struggles to agree...Published: 26 May 2023 at 16:39hrs | 1 | by Staff reporter
Chinese diplomat detaches country policy from offending firms in Zimbabwe
Economic and Commercial Counsellor at the Chinese embassy to Zimbabwe, Huang Minghai says some of the unscrupulous behaviour seen of some Chinese firms operating in Zimbabwe is not part of the Asian c...Published: 24 May 2023 at 17:12hrs | 1 | by Staff reporter
Judge Makonese resignation saves Mnangagwa from embarrassment
AFTER President Emmerson Mnangagwa appointed a tribunal last week which he swore in this week to inquire into the question of removal from office of High Court Justice Martin Makonese following allega...Published: 29 Apr 2023 at 19:28hrs | 32 | by Staff reporter
Mnangagwa appoints tribunal to probe Justice Makonese
Bulawayo High Court judge, Justice Martin Makonese, now faces a tribunal investigating his suitability for judicial office after he issued an order in a commercial dispute in which he allegedly had a ...Published: 22 Apr 2023 at 19:01hrs | 1 | by Staff reporter
US Dollars replaces Zimbabwe's currency for second time
The greenback has replaced the Zimbabwean dollar as the most-used currency in the southern African nation for a second time, almost four years after the re-introduction of the local unit.US do...Published: 07 Apr 2023 at 10:20hrs | 1 | by Staff reporter
Judges Chinamora and Makonese face tribunals
THE Judicial Service Commission (JSC) has recommended that President Emmerson Mnangagwa sets up tribunals to investigate the suitability of Justice Martin Makonese of the Bulawayo High Court and Justi...Published: 02 Apr 2023 at 11:11hrs | 17 | by Staff reporter
Al Jazeera documentary on Zimbabwe's gold mafia won't change anything
THE whole hullabaloo about illicit gold is plain codswallop and balderdash.The country‘s detractors coalesced around George Soros and his Open Society Institute of Southern Africa are clearl...Published: 28 Mar 2023 at 06:51hrs | 2 | by Chris Mutsvangwa
The whole gold hullabaloo about Zimbabwe illicit gold is plain codswallop and balderdash
The whole gold hullabaloo about illicit gold is plain codswallop and balderdash. The country‘s detractors coalesced around George Soros and his Open Society Institute of Southern Africa are clearly ...Published: 26 Mar 2023 at 20:33hrs | 4 | by Ambassador Christopher Mutsvangwa
Africa: Embattling a Continent
When the IMF goes to warSo the International Monetary Fund (IMF) staff has decided to grant Ukraine some whooping USD15,6 billion?Ukraine is at war with Russia.A war funded and...Published: 25 Mar 2023 at 12:59hrs | | by Jamwanda2 on Saturday
2 Zimbabwe High Court judges facing removal from the bench for unprofessional conduct
Two High Court judges are facing removal from the bench for unprofessional conduct, ZimLive revealed.Justice Martin Makonese of the Bulawayo High Court and Justice Webster Chinamora of the Har...Published: 28 Feb 2023 at 08:32hrs | | by Staff reporter
'Zimbabwe to become a supermarket of imports'
GOVERNMENT'S decision to suspend duty on imports of selected basic commodities such as rice, flour and cooking oil for six months will cripple the country's already ailing economy and industries, loca...Published: 11 Jun 2022 at 09:33hrs | | by Staff reporter
Mutsvangwa dreams of a stable Zimdollar
Zimbabwe's economy continues to grow despite illegal sanctions imposed on the country by the West and the nation is now being rallied to support President Mnangagwa's vision of stabilising the local c...Published: 17 May 2022 at 06:32hrs | 8 | 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 | 4 | by Staff reporter
Mnangagwa blames 'NATO expansion' for Russia's invasion of Ukraine
In his first public comments over Russia's invasion of Ukraine, President Emmerson Mnangagwa said it was a "robust" response by President Vladmir Putin to "provocation" by NATO, a military alliance of...Published: 11 Apr 2022 at 08:27hrs | 8 | by Staff reporter
Mnangagwa says Russia-Ukraine conflict wake up call
THE Russia and Ukraine conflict, which has spawned a surge in global food prices and disruption of world markets and supply chains, has been a wake-up call for Zimbabwe on the need to ensure food secu...Published: 11 Apr 2022 at 06:28hrs | | by Staff reporter
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 | 9 | by Staff reporter
Lessons on how Russia is dealing with Western sanctions
It is just about a month since Russia invaded Ukraine. So far there are no signs of abating even when both sides have continued to express willingness to engage in dialogue and end the war. While the ...Published: 28 Mar 2022 at 06:51hrs | | by Tapiwa Gomo
Russia, India explore opening alternative payment channels
Russia, many of whose banks have been cut off from the Swift financial network, is exploring opening alternative payment channels with India, including linking Unified Payments Interface (UPI) with th...Published: 16 Mar 2022 at 07:19hrs | 2 | by Staff reporter
'Bidenism' has killed dollar dominance?
Time will tell whether Putin wins the sweepstakes of expansionism or the cost of economic distress eventually overwhelms Russia and him. However, some interesting shifts in geo-strategy are discernibl...Published: 15 Mar 2022 at 16:09hrs | 9 | by Vaishali Basu Sharma
Saudi Arabia to price oil in Yuan instead of dollars
Saudi and Chinese officials are in talks to price some of the Gulf nation's oil sales in yuan rather than dollars or euros, The Wall Street Journal reported Tuesday, citing people familiar with the ma...Published: 15 Mar 2022 at 16:00hrs | | by Staff reporter
Has yuan become Russia's new dollar?
Russia could use the Chinese yuan to bypass the crippling sanctions and SWIFT payment ban imposed by the US and its allies.One rouble now buys less than one US cent, causing ordinary Russians ...Published: 10 Mar 2022 at 05:49hrs | 2 | 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 | 10 | by Hugo Martins | Analyst
Tagwirei ally hits jackpot with public contracts
OWNED by an ally of Zimbabwean tycoon Kudakwashe Tagwirei, a target of United States sanctions, the Fossil Group has won more than 15 public works contracts since June, more than many of its rivals....Published: 04 Dec 2021 at 07:26hrs | 6 | by Staff reporter
IMF funds to power Zimbabwe's economic agenda
The US$961 million boost received from the International Monetary Fund (IMF) last week will give impetus to the country's economic programmes guided by the five-year National Development Strategy 1 (N...Published: 29 Aug 2021 at 07:07hrs | 1 | by Staff reporter
Biti's efforts to block IMF from giving Zimbabwe funds failed
Despite MDC-Alliance vice president Tendai Biti's efforts to block the International Monetary Fund (IMF) from giving Zimbabwe nearly US$1 billion in Special Drawing Rights (SDRs), the Government of Zi...Published: 26 Aug 2021 at 17:45hrs | | by Staff Reporter
Mushekwi faces salary cut
FORMER Warriors striker Nyasha Mushekwi is among several football players plying their trade in China facing pay cuts following the approval of a salary cap for all players by the country's football a...Published: 16 Dec 2020 at 07:09hrs | 8 | by Staff reporter
'Anjin corruption and meddling in Zimbabwe's affairs are not China's foreign policy' - nonsense, they are the core pillars
China and Russia are the two countries that have played a major role in many African countries' fight for independence. It is a historic fact that most of these African countries have since found that...Published: 25 Aug 2020 at 20:28hrs | 6 | by Wilbert Mukori
Abandon sinking US dollar ship? Top UK banker pushes for new 'synthetic hegemonic currency'
Bank of England head Mark Carney has urged his fellow central bankers to embrace tech like Facebook's Libra to build a multipolar system, warning against "swapping one currency hegemon for another" - ...Published: 25 Aug 2019 at 08:54hrs | | by RT
Hwange sues Chinese firm
HWANGE Colliery Company Limited has petitioned the High Court seeking an order to compel Chinese firm, Taiyuan Sanxing Company Limited and Hwange Coal Gasification Company (PVT) Ltd to surrender a cok...Published: 26 Jul 2019 at 08:27hrs | | by Staff reporter
4 armed robbers shot dead
FOUR suspected serial armed robbers - out on bail facing 24 armed robbery charges involving cash, vehicles, guns and jewellery - were shot dead during a shootout with police in Kwekwe. The sus...Published: 19 Jul 2019 at 07:16hrs | 1 | by Staff reporter
Of all the feeble excuses for imposing Z$ Minister Ncube's takes the biscuit - sanctions, very original too
Of all the feeble excuses proffered by this Zanu PF regime for ending the use of the multi-currency basket in favour of the local currency as the only legal tender; Minister of Finance, Professor Mthu...Published: 18 Jul 2019 at 09:43hrs | 1 | by Patrick Guramatunhu
Chinotimba wins macadamia nuts debt fight
A High Court judge has given Buhera South legislator, Joseph Chinotimba the green-light to attach a property belonging to Chinese owned firm, Sunny Zimbabwe International in order to recover US$65 755...Published: 17 Jul 2019 at 08:44hrs | | by newzimbabwe
'Dollarisation failed to create jobs in Zimbabwe'
While Zimbabwe registered remarkable economic growth during the multi-currency era, the period dismally failed to generate significant formal jobs, research findings 5released by the Reserve Bank of Z...Published: 12 Jul 2019 at 18:57hrs | | by Staf reporter
Armed robbers rob Sino Non-Metal Resources of US$44,000
Six armed men robbed four Chinese nationals on Wednesday morning of US$44 200, ZWL$2 920 and 500 Chinese yuan at Sino Non-Ferrous Metal Resources gold milling company in Shurugwi.The robbers a...Published: 12 Jul 2019 at 07:50hrs | | by Staff reporter
Multi-currency was a disaster
Government says multi-currency system created fiscal and monetary challenges, stunting economic growth and making most industries in Zimbabwe uncompetitive. Treasury permanent-secretary George...Published: 08 Jul 2019 at 08:31hrs | | by Staff reporter
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