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BCC purchases and installs defective water pumps
THE Bulawayo City Council could have lost millions of dollars after purchasing and installing new water pumps with "significant design and manufacturing" defects that they wanted installed at the loca...Published: 10 Jan 2021 at 07:47hrs | 241 | by Staff reporter
10 new mini-factories for Matebeleland North Province
A TOTAL of 10 mini-factories will be shortly established to manufacture high-value leather products in rural Matebeleland North province following the handover yesterday of brand-new equipment sourced...Published: 15 Dec 2020 at 06:05hrs | 414 | by Staff reporter
ZIMCODD calls for Zimbabwe debt cancellation
International financial institutions have to cancel Zimbabwe's crippling debt, the Zimbabwe Coalition on Debt and Development (ZIMCODD) has said, as the burden proscribes the southern African country ...Published: 29 Oct 2020 at 06:20hrs | 350 | by Staff reporter
IMF lowers Zimbabwe GDP growth further
THE International Monetary Fund (IMF) says Zimbabwe's economy will contract by 10,4% this year, much higher than its earlier prediction of 7,4%, but expects a rebound next year.It also expects...Published: 16 Oct 2020 at 07:24hrs | 1691 | by Staff reporter
Mthuli Ncube rules out de-dollarisation
Finance Minister Mthuli Ncube says that Zimbabwe is beginning to engage multilateral creditors, with a view of clearing its US$1.8 billion arrears, which will see the country unlock fresh funding to a...Published: 06 Oct 2020 at 07:25hrs | 7082 | by Staff reporter
'Zimbabwe to keep getting IMF technical support'
GOVERNMENT has said it will continue working with international financial institutions (IFIs), including the International Monetary Fund (IMF) after its aborted Staff-Monitored Programme (SMP) with th...Published: 02 Oct 2020 at 07:45hrs | 485 | by Staff reporter
Sasai launches talent promotion show across Africa
LONDON - Cassava Fintech International (CFI) has launched a new #African&Talented promotion aimed at identifying and supporting talent across Africa through the Sasai App, with the top winner walk...Published: 12 Sep 2020 at 16:00hrs | 468 | by Agencies
'I won 2018 elections, there is no crisis' insists Mnangagwa - rigged hence existential crisis
"I wish to unequivocally state that there is no crisis in Zimbabwe as elections were held in July 2018 and a winner was declared in terms of the country's Constitution," stated Emmerson Mnangagwa....Published: 06 Sep 2020 at 07:53hrs | 484 | by Patrick Guramatunhu
AFDB to host swearing ceremony for newly elected President
The African Development Bank is hosting a swearing-in ceremony of its newly re-elected President, Dr Akinwumi A. Adesina, on Tuesday 1 September 9.00 am GMT.AFDB in a statement yesterday said ...Published: 31 Aug 2020 at 08:40hrs | 762 | by Stephen Jakes
'Khami Dam sewage water good for drinking'
BULAWAYO City Council (BCC) has said tests have certified that Khami Dam water meets acceptable standards for drinking and is also considering a new aquifer which can supply the city with about 40 meg...Published: 27 Aug 2020 at 07:26hrs | 738 | by Staff reporter
Zimbabwe urgently needs PPP regulation
The state of public infrastructure in Zimbabwe has never been as dire as it is now. Years of underinvestment in the railway network, highways and roads, energy generation plants, sports facilities, bo...Published: 22 Aug 2020 at 20:12hrs | 1167 | by Victor Bhoroma
Decaying infrastructure drags Zimbabwe to Stone Age
ZIMBABWE is lagging behind other regional countries in infrastructural development and would require huge investment to build robust infrastructure and catch up with continental leaders, a new report ...Published: 02 Aug 2020 at 09:17hrs | 237 | by Staff reporter
2020 Mid Term Budget Hits and Misses
The 2020 mid-term budget and economic review was delivered amid high inflation levels and declining economic productivity that has been worsened by the Corona Virus pandemic. The Zimbabwean economy is...Published: 27 Jul 2020 at 20:38hrs | 1158 | by Victor Bhoroma
Rating of the African Development Bank, with Stable Outlook
Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank's (AfDB) Long-Term Issuer Default Rating (IDR) at 'AAA', with stable outlook. According to the agency,...Published: 21 Jul 2020 at 11:49hrs | 400 | by Stephen Jakes
'No bailout until implement reforms' says Paris Club - we're paying dearly for double Dutch
Zimbabwe is in this serious economic mess and political paralysis; having Zanu PF on the one hand and an equally corrupt, incompetent and utterly useless opposition on the other; because, for 40 years...Published: 06 Jul 2020 at 06:57hrs | 2617 | by Wilbert Mukori
Zimbabwe to get another helping hand from the AfDB
Zimbabwe's attempts to raise money to fight Covid-19 are looking up as the African Development Bank (AfDB) is planning to give it US$13.7 million (about R235 million) in financial assistance.T...Published: 16 Jun 2020 at 12:15hrs | 461 | by Staff reporter
Decaying infrastructure drags Zimbabwe to Stone Age
ZIMBABWE is lagging behind other regional countries in infrastructural development and would require huge investment to build robust infrastructure and catch up with continental leaders, a new report ...Published: 14 Jun 2020 at 10:05hrs | 151 | by Nyasha Chingono
Zimbabwe: IMF hammers country already on its knees
Mercifully, Zimbabwe's infection and death rates from Covid-19 are so far very low but the economy, already labouring under the effects of drought, has been hit by the lockdowns. Worse, the IMF has de...Published: 27 May 2020 at 07:12hrs | 701 | by Baffour Ankomah I New African Magazine
'Money printing impact is worse than Covid-19'
THE Zimbabwe National Chamber of Commerce (ZNCC) has warned government against printing money to fund the ZW$18 billion Covid-19 Economic Recovery and Stimulus Package saying to do so will have a more...Published: 22 May 2020 at 07:25hrs | 1386 | by Staff reporter
'Key to stopping covid-19 is ITTIT and civic collaborative effort' - keep corrupt government and it come to naught
"Writing on his popular Facebook blog following his appointment by the African Union as a Special Envoy to Coordinate the Africa Private Sector Initiative for the Procurement of Personal Protective Eq...Published: 17 May 2020 at 15:24hrs | 495 | by Nomusa Garikai
AfDB approves $13,7m grant to Zimbabwe
THE African Development Bank (AfDB) has approved a $13,7 million grant towards Zimbabwe's COVID-19 response.The funds will provide a lifeline for targeted frontline responders and health perso...Published: 16 May 2020 at 07:49hrs | 630 | by Staff reporter
Khami Dam plan reignites debate
Bulawayo City Council's proposal to purify Khami Dam water for drinking has reignited the debate on the suitability of the water for domestic consumption with some residents flatly objecting the plann...Published: 13 May 2020 at 07:24hrs | 389 | by Staff reporter
Sewage contaminated Khami Dam water for drinking, as BCC goes back to 'objectionable' plan
THE Bulawayo City Council (BCC) is exploring possibilities of purifying the dirty Khami Dam water for drinking as the city' s water situation reaches critical levels.The city is conducting a f...Published: 11 May 2020 at 15:01hrs | 622 | by Staff repprter
Zimbabwe pleads for aid to avert 'collapse' and fight Covid-19
Zimbabwe has pleaded with international institutions to help it clear billions of dollars in debt arrears so the country can avoid economic collapse and unlock funds to fight the coronavirus pandemic....Published: 04 May 2020 at 11:05hrs | 1660 | by James Cotterill I Financial Times
Mnangagwa rattled by Mthuli Ncube's letter?
IN A surprising development which will rattle President Emmerson Mnangagwa, his government and the ruling Zanu-PF, Finance minister Mthuli Ncube has openly admitted that his policies have failed and t...Published: 02 May 2020 at 16:44hrs | 19919 | by Staff reporter
Zimbabwe economy could shrink by 20% without coronavirus aid, says Mthuli Ncube
Zimbabwe's finance minister, Mthuli Ncube, has issued an impassioned plea to international finance institutions, laying bare the country's battered economy and saying it faces "catastrophe" if it does...Published: 02 May 2020 at 15:08hrs | 457 | by Staff reporter
The emperor parades naked
DIPLOMACY, some say, is the idea of telling someone to go to hell and they look forward to it. Zimbabwe has been used to the idea of being a country that is a pariah State and more specificall...Published: 02 May 2020 at 07:54hrs | 1017 | by Paidamoyo Muzulu
Zimbabwe COVID-19 lockdown goes into Stage 2
PRESIDENT Mnangagwa has extended the Covid-19-induced lockdown by a further 14 days and announced an $18 billion Economic Rescue and Stimulus Package to scale up production in all sectors of the econo...Published: 02 May 2020 at 07:18hrs | 467 | by Staff reporter
Mnangagwa begs for support as Zimbabwe collapses
PRESIDENT Emmerson Mnangagwa's government has approached international financiers begging for a lifeline to avoid a possible economic collapse and political upheaval, a respected security publication ...Published: 01 May 2020 at 08:26hrs | 7206 | by Staff reporter
Zimbabwe records a budget surplus, But
Zimbabwe recorded its first fiscal surplus since 2011 as a result of significant contributions from Intermediate Monetary Transfer (IMT) Tax, subdued investment on capital expenditure and civil servic...Published: 26 Apr 2020 at 08:23hrs | 725 | by Victor Bhoroma
Zimbabwe's government now broke' Tendai Biti reveals
MDC Vice President Tendai Biti has alleged that the government of Zimbabwe is now broke because businesses did not pay their taxes when the lockdown commenced last month. Said Biti, "The regim...Published: 15 Apr 2020 at 12:05hrs | 4839 | by Mandla Ndlovu
Ramaphosa appoints special AU envoys, including his sidekick, to secure economic support for Africa
The Chairperson of the African Union, President of the Republic of South Africa His Excellency Cyril Ramaphosa has appointed Dr Ngozi Okonjo-Iweala, Dr Donald Kaberuka, Mr Tidjane Thiam and Mr Trevor ...Published: 12 Apr 2020 at 15:18hrs | 1499 | by Mandla Ndlovu
Is Mthuli Ncube IMF's man in Harare?
THE International Monetary Fund (IMF) released its 2019 Article IV report on Zimbabwe at the end of March 2020. Without delving into policy details, which I leave to experts to unpack, one can observe...Published: 12 Apr 2020 at 09:40hrs | 2510 | by Dr Tim Rainhard
IMF Report on Zimbabwe: Fairy-tale of good cop versus bad cop
THE International Monetary Fund (IMF) released its 2019 Article IV report on Zimbabwe at the end of March 2020. Without delving into policy details, which...Published: 10 Apr 2020 at 14:55hrs | 1263 | by Dr Tim Rainhard
The pandemic lockdown is no time for fiscal distancing
These are very difficult days, as the world faces one of its worst challenges ever: the novel coronavirus pandemic. And it seems almost no nation is spared. As infection rates rise, so does panic acro...Published: 10 Apr 2020 at 08:30hrs | 74 | by Akinwumi A Adesina
Mnangagwa engages world leaders on coronavirus
PRESIDENT Emmerson Mnangagwa on Friday night held a "very important" teleconference with several African Heads of State, French President Emmanuel Macron and World Health Organisation (WHO) director-g...Published: 05 Apr 2020 at 08:24hrs | 259 | by Staff reporter
'Preparedness plan will minimise import of covid-19' - boastful dog putting out fire with his puny fart
"My Government, through the Ministry of Health and Child Care, has put in place measures to minimise the import of COVID-19 into the country and ensure health safety to all citizens,” said President...Published: 21 Mar 2020 at 19:26hrs | 877 | by Patrick Guramatunhu
81 people under Covid-19 watch in Bulawayo
EIGHTY-ONE people who arrived in Bulawayo through the Joshua Mqabuko Nkomo International Airport recently have been placed under surveillance for Covid-19, a Cabinet Minister has said.Health a...Published: 14 Mar 2020 at 08:09hrs | 8077 | by Staff Reporter
'30-year jail for Zesa property vandalism'
THE government is pushing for a mandatory 30-year jail sentence for people found guilty of vandalising electricity infrastructure to curb the vice, Energy minister Fortune Chasi said yesterday....Published: 13 Mar 2020 at 06:02hrs | 504 | by Staff reporter
Sanctions equal economic terror
As has become the norm, the United States (US) last week renewed sanctions on Zimbabwe, stating that Harare posed a threat to Washington's foreign policy. This brings to more than 10 years since the c...Published: 13 Mar 2020 at 05:55hrs | 243 | by Naboth Paurosi Dzivaguru
'Chamisa is a 42 year old with 2 year old's brain' - folly inviting inside tent hoping will piss out
"There is an old English adage that says life begins at 40. If the adage is true, maybe that's the reason Chamisa is behaving like a toddler. Maybe indeed his life started at 40 and he is now a 2 year...Published: 07 Mar 2020 at 07:16hrs | 1962 | by Patrick Guramatunhu
LWF Secretary call for Mnangagwa vs Chamisa dialogue - to free hostages not to legitimise pariah state
Lutheran World Federation (LWF) Secretary General, Dr Martin Junge, add his voice to those calling for Mnangagwa and Chamisa to meet. "He (Mnangagwa) referred to the efforts of the government ...Published: 06 Mar 2020 at 10:22hrs | 1329 | by Wilbert Mukori
'Will never fund a pariah state' IMF confirmed and humanitarian crisis shifted into overdrive
Last week the IMF, WB, Paris Club, AfBD and all the other international financial institutions finally confirmed that they will not give Zimbabwe the fina...Published: 02 Mar 2020 at 06:10hrs | 1590 | by Wilbert Mukori
Mnangagwa govt has not brought desired change
THE Zimbabwean economy has been teetering on the edge of a crisis for the past 20 years, save for a brief interlude during the Government of National Unity (GNU) between 2009 and 2013.The econ...Published: 28 Feb 2020 at 05:41hrs | 773 | by Ringisai Chikohomero
Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites
HARARE - A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of ...Published: 26 Feb 2020 at 13:30hrs | 556 | by APO
AU insists on Zimbabwe sanctions removal
African Union Commission, deputy commissioner Mr Kwesi Quartey has called for the removal of sanctions imposed on Zimbabwe by United States and its allies, saying they were negatively impacting on the...Published: 25 Feb 2020 at 06:31hrs | 176 | by Staff reporter
PPPs ideal for self-financing infrastructure projects
The state of public infrastructure in Zimbabwe is now deplorable due to several years of neglect and underinvestment. The country's infrastructure gap in railway, roads, energy, sports facilities, bor...Published: 24 Feb 2020 at 13:24hrs | 635 | by Victor Bhoroma
AirZim receives new Boeing 777 from Malaysia
AIR ZIMBABWE has received a new plane Boeing B777 in a development that is part of the government's ongoing plans to resuscitate the airline. Three more planes are set to arrive in the following weeks...Published: 20 Jan 2020 at 16:53hrs | 6954 | by Staff Reporter
Mthuli Ncube sticks to his guns
Finance and Economic Development Minister Professor Mthuli Ncube has stuck to his guns, maintaining that the country is going to achieve 3 percent economic growth for 2020 in the face of independent f...Published: 19 Jan 2020 at 05:33hrs | 2148 | by Staff reporter
'Mnangagwa's Zimbabwe needs US$16bn'
ZIMBABWE needs an estimated US$16 billion for infrastructural development as well as supporting governance and other institutional reforms as the country moves towards achieving an upper middle-income...Published: 17 Jan 2020 at 06:09hrs | 220 | by Staff reporter
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