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ZiG scarcity has eased exchange rate depreciation
The limited availability of Zimbabwe Gold (ZWG) currency has helped ease exchange rate depreciation on the parallel market, although US dollar demand pressures have continued to push premiums higher t...Published: 16 Jan 2025 at 07:17hrs | 3052 | by Staff reporter
Bulawayo hit by devastating storm
The heavy downpour that hit Bulawayo on Tuesday this week has left a trail of destruction across several suburbs, Southern Eye has established.Residents in affected areas were left in distress...Published: 16 Jan 2025 at 07:10hrs | 1408 | by Staff reporter
'Zimbabwe economy heads for a bloodbath'
Former Finance Minister Tendai Biti has issued a stark warning of a potential economic bloodbath if Zimbabwe does not liberalize its exchange rate and inject liquidity into the economy. His concerns c...Published: 14 Jan 2025 at 14:16hrs | 899 | by Staff reporter
Woman robbed litre of used cooking oil
A 20-year-old man from Maphisa, Matebeleland South was sentenced to three years behind bars for robbing Veldah Yolanda Ndlovu (24) of her ZAR375, cellphone and a plastic bag containing one litre of us...Published: 13 Jan 2025 at 14:05hrs | 1217 | by Gideon Madzikatidze
Zimbabwe gold reserves rise to $533 million
Zimbabwe's reserves backing the Zimbabwe Gold (ZiG) currency, including foreign currency and gold, have surged to US$533 million following a directive by President Emmerson Mnangagwa requiring 50% of ...Published: 12 Jan 2025 at 11:55hrs | 137 | by Staff reporter
Zimbabwe teachers not ready for January schools opening
As Zimbabwean schools prepare to reopen on January 14 for the first term, teachers' unions have voiced serious concerns over educators' readiness, citing financial incapacitation and resource shortage...Published: 11 Jan 2025 at 18:44hrs | 12826 | by Staff reporter
RBZ unveils another 'looting scheme'
The Reserve Bank of Zimbabwe (RBZ) has introduced the Targeted Finance Facility (TFF) with an aim to provide affordable credit to key productive sectors such as agriculture, manufacturing, and mining....Published: 11 Jan 2025 at 08:20hrs | 1145 | by Staff reporter
New dispensation: A scam
Zimbabwe was once a country for all, until it was hijacked by a small group of people who used title documents to dominate the majority's politics, econom...Published: 08 Jan 2025 at 11:21hrs | 1596 | by Leonard Koni
Zimbabwe Industrial Reconstruction and Growth Plan launched
The Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) has been officially launched, marking a critical step toward revitalizing the country's economy through local procurement and enhanced mi...Published: 07 Jan 2025 at 14:02hrs | 279 | by Staff Reporter
Harare Mayor promises to improve city
Harare Mayor, Councillor Jacob Mafume, has vowed to address the city's service delivery shortcomings and build on last year's progress, despite falling short of the 2014 goal of transforming Harare in...Published: 01 Jan 2025 at 10:09hrs | 434 | by Staff reporter
Why Zimbabweans keep watching their money go up in smoke
It was 10 p.m. when a frantic pounding on Modester Nyangoni's door dragged her out of a deep sleep.That hot October day, she had been on her feet manning her stall at the largest market in Zim...Published: 25 Dec 2024 at 08:24hrs | 3075 | by Staff reporter
Buses hike fares
Zimbabweans gearing up for festive holiday travel were left frustrated yesterday as transport operators hiked fares by over 50%, exploiting the surge in demand. This comes against the backdrop of a st...Published: 24 Dec 2024 at 12:32hrs | 1668 | by Staff reporter
ZCTU declares 2024 'annus horribilis' for workers, govt showdown looms
The Zimbabwe Congress of Trade Unions (ZCTU) has sharply criticized the government for what it describes as an "annus horribilis" for workers, outlining a series of grievances that have left the labor...Published: 23 Dec 2024 at 05:54hrs | 603 | by Staff reporter
Concerns mount over devolution fund shortfalls in Zimbabwe
The government's failure to meet the five percent constitutional threshold for devolution funding since 2019 has sparked widespread criticism. From its inception to 2023, the Inter-Governmental Funds ...Published: 17 Dec 2024 at 15:00hrs | 396 | by Staff reporter
AMH Workers in salary arrears quandary
Alpha Media Holdings (AMH) workers are grappling with stress over unpaid salary components, particularly the United States dollar portion, which has remained outstanding for five months and is not ref...Published: 17 Dec 2024 at 11:17hrs | 1267 | by Staff Reporter
Police issue warning on WhatsApp attacks
Authorities have sounded the alarm over a spike in cyberattacks, urging the public to exercise caution when using digital platforms such as WhatsApp. Cybercriminals are deploying sophisticated tactics...Published: 16 Dec 2024 at 10:32hrs | 674 | by Staff reporter
Bulawayo City Council cuts water supplies to schools
The Bulawayo City Council (BCC) has intensified its debt recovery efforts, cutting off water supplies to 59 schools in a bid to recover outstanding payments. This bold move comes as the local authorit...Published: 15 Dec 2024 at 09:14hrs | 487 | by Staff reporter
Zimbabwe may surpass 2024 gold production target
Zimbabwe's gold mining sector has witnessed remarkable growth over the past decade, with production nearly doubling since 2015. The country is now on track to surpass its 35-tonne gold production targ...Published: 15 Dec 2024 at 09:09hrs | 317 | by Staff reporter
Zimbabwe's GDP takes US$12bn knock
Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challe...Published: 14 Dec 2024 at 10:35hrs | 193 | by Staff reporter
As the curtain comes down
Zimbabwe is a sun-drenched country in Southern Africa, some fifteen to twenty degrees South of the Equator. It's Central Plateau and Eastern Highlands are high, full of botanical flowers, trees, rocks...Published: 11 Dec 2024 at 19:46hrs | 302 | by Leonard Koni
Zimbabwe commits ZiG550m to industrial growth plan
The Zimbabwean government has committed ZiG$550 million to support the newly launched Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP), aimed at fostering growth opportunities in the manufac...Published: 11 Dec 2024 at 06:40hrs | 154 | by Staff reporter
CBZ blocked from increasing FMHL stake
CBZ Holdings has confirmed that it will not proceed with its planned buyout of minority shareholders in First Mutual Holdings Limited (FMHL), following a decision by the Competition and Tariff Commiss...Published: 10 Dec 2024 at 06:52hrs | 209 | by Staff reporter
No progress on Bulawayo-Nkayi Road
The long-awaited rehabilitation of the Bulawayo-Nkayi Road is moving at a slow pace, with DIFFLOCK Construction, the newly-appointed contractor, already establishing its base and advancing the project...Published: 10 Dec 2024 at 06:48hrs | 315 | by Staff reporter
Zimbabwe eyes record gold deliveries
The Government is poised to meet and potentially surpass its annual gold delivery target of 35 tonnes, with 32 tonnes already delivered to Fidelity Printers by the end of November, Mines and Mining De...Published: 10 Dec 2024 at 06:38hrs | 614 | by Staff reporter
Woman loses baby to stranger
A 22-year-old woman from Kwekwe lost her one-week-old baby to a stranger on Wednesday in what police suspect to be a case of kidnapping.The victim, Rumbidzai Gunhu, was returning home from Kwe...Published: 07 Dec 2024 at 10:33hrs | 426 | by Staff reporter
Heatwave and water crisis grip Beitbridge
The escalating effects of climate change are manifesting with greater severity, as Beitbridge District faced sweltering temperatures of up to 42°C yesterday. The extreme heatwave has intensified dema...Published: 07 Dec 2024 at 10:23hrs | 348 | by Staff reporter
Zimbabwe's cash reserves cannot cover a month
The Zimbabwe National Chamber of Commerce (ZNCC) has raised alarm over the country's dwindling foreign currency reserves, warning that the current US$540 million is insufficient to cover even a single...Published: 06 Dec 2024 at 18:10hrs | 648 | by Staff reporter
Zimbabwe juggles US$1bn TBs to avert crisis
President Emmerson Mnangagwa's government is restructuring repayment terms for Treasury Bonds (TBs) as it grapples with escalating debt obligations and the looming threat of default. With nearly US$74...Published: 06 Dec 2024 at 18:06hrs | 297 | by Staff reporter
Crackdown on businesses rejecting ZiG to intensify
The Zimbabwean government has vowed to intensify its crackdown on suppliers and manufacturers who refuse to transact in Zimbabwe Gold (ZiG) currency or use parallel market exchange rates. The move was...Published: 06 Dec 2024 at 16:34hrs | 1275 | by Staff reporter
Zimbabwe's education sector saddled with billions in debt
The Ministry of Primary and Secondary Education in Zimbabwe is grappling with significant financial challenges, with debts running into billions of Zimbabwe Gold (ZiG) currency, revealing the deepenin...Published: 06 Dec 2024 at 06:39hrs | 285 | by Staff reporter
Zimbabwe inflation eases
Zimbabwe's inflation rate eased significantly in November, marking a slowdown to 11.7% from 37.2% in October, according to the Reserve Bank of Zimbabwe (RBZ). The decline was attributed to the central...Published: 05 Dec 2024 at 11:08hrs | 491 | by Staff reporter
RBZ keeps rates steady
Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks ...Published: 05 Dec 2024 at 06:55hrs | 449 | by Staff reporter
Zimbabwe's central bank claims success in stabilising rate and inflation
The Reserve Bank of Zimbabwe (RBZ) has announced significant progress in stabilising the country's exchange rate and inflation following a series of monetary policy interventions, including a cumulati...Published: 04 Dec 2024 at 14:23hrs | 294 | by Staff reporter
Magistrate Courts set for construction in Cowdray Park and Emganwini
The 2025 national budget has earmarked a total of ZiG711 million for key priority projects in Bulawayo Metropolitan Province, covering infrastructure, healthcare, housing, and cultural heritage develo...Published: 03 Dec 2024 at 15:23hrs | 297 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 12984 | by Staff reporter
CSOs voice strong opposition to the Zimbabwe tax
Civil Society Organisations (CSOs) have voiced strong opposition to the Zimbabwean government's 2025 national budget, criticizing new taxes as oppressive and harmful to citizens already struggling wit...Published: 03 Dec 2024 at 08:54hrs | 218 | by Staff reporter
Mashonaland chief in legal trouble over abuse directed at woman
The national Council of Chiefs has been petitioned to act on an errant chief who was filmed verbally abusing a woman during a village court sitting.Chief Nyamaropa, of Shamva in Mashonaland Ce...Published: 02 Dec 2024 at 16:56hrs | 1519 | by Staff reporter
RBZ assures bonus payments will not disrupt economic stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate....Published: 01 Dec 2024 at 08:50hrs | 103 | by Staff reporter
Mthuli Ncube's budget is anti-people, anti-business and anti-Zimbabwe
Citizens Coalition for Change Statement on 2025 budget statement The recent national budget proposal exposes the Zanu-PF government's obnoxious penchant to compulsorily expropriate people's mo...Published: 30 Nov 2024 at 13:28hrs | 83 | by Willias Madzimure
2025 Budget: A shallow, hollow, narcissistic and dishonest anti-people ritual
THE 2024 budget statement was presented in backdrop of a tough and challenging year for the working people of Zimbabwe. A year in which the citizen had been abused by extreme levels of inflation, emas...Published: 29 Nov 2024 at 18:47hrs | 732 | by Tendai Biti
Zimbabwe Warriors get US$1 million for 2025 AFCON finals campaign
The Zimbabwe senior men's national football team, the Warriors, is set to receive a financial boost from the government ahead of their 2025 Africa Cup of Nations (AFCON) campaign in Morocco. Finance M...Published: 29 Nov 2024 at 07:19hrs | 3938 | by Staff reporter
Mnangagwa leaves Parliament in darkness
President Emmerson Mnangagwa walked out of the New Parliament Building in total darkness on Thursday, underscoring the severity of Zimbabwe's ongoing electricity crisis. The 82-year-old Zanu-PF leader...Published: 29 Nov 2024 at 07:18hrs | 2682 | by Staff reporter
Zimbabweans abroad sent home US$1,9 billion in 9 months
Zimbabweans living abroad sent a record-breaking US$1.9 billion back home in the first nine months of 2024, marking a significant 16.5% increase from the US$1.6 billion remitted in the same period las...Published: 29 Nov 2024 at 07:17hrs | 365 | by Staff reporter
Mthuli Ncube squeezes taxpayers
Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube, yesterday unveiled a set of new taxes aimed at bolstering government revenue in the 2025 national budget. The tax measure...Published: 29 Nov 2024 at 07:16hrs | 820 | by Staff reporter
CCC MPs strongly reject 'betting, pizza budget'
Opposition legislators have strongly rejected Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube's 2025 national budget, criticizing it for failing to address the country's ...Published: 29 Nov 2024 at 07:13hrs | 460 | by Staff reporter
ZiG monthly inflation seen staying below 3%
Zimbabwe's gold-backed currency (ZiG) is expected to maintain stable inflation levels, with average month-on-month inflation forecast to remain below 3% in 2025. This projection is underpinned by stri...Published: 29 Nov 2024 at 06:53hrs | 78 | by Staff reporter
Mthuli Ncube sees 2025 growth rebound after this year's drought
Zimbabwe has projected economic growth to accelerate to 6 percent in 2025 from 2 percent this year, helped by improved agricultural output and power generation as the country recovers from a severe dr...Published: 28 Nov 2024 at 16:32hrs | 191 | by Staff reporter
FULL PRESENTATION SLIDES: Zimbabwe 2025 Budget - Prof Mthuli Ncube
THE 2025 NATIONAL BUDGET PRESENTATION 'Building Resilience for Sustained Economic Transformation' Presented to the Parliament of Zimbabwe byHON. PROF. MTHULI NCUBE ...Published: 28 Nov 2024 at 16:12hrs | 2502 | by Staff Reporter
Zimbabwe teachers demand payment of November salaries
The government is facing growing backlash from teachers across Zimbabwe after it failed to pay them their November salaries and 13th cheque (bonus) without providing any explanation.In a state...Published: 27 Nov 2024 at 07:03hrs | 707 | by Staff reporter
Zimbabwean inflation slows
Zimbabwe's monthly inflation rate slowed for the first time in four months, as volatility that's plagued the nation's gold-backed ZiG currency shows signs of ebbing.Consumer prices rose 11.7% ...Published: 26 Nov 2024 at 19:37hrs | 449 | by Staff reporter
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