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Zimbabwe women's group in today's reaction to Merry Mubayiwa is long overdue
We welcome the intervention of the Zimbabwe women's group to put pressure to the Vice President, General Constantine Chiwenga. We celebrate their move to put questions to VP why he is treating Merry l...Published: 1 hr ago | 259 | by Nomazulu Thata
Zimbabweans fret over SA decision on permits
The decision by South Africa's Cabinet on Wednesday last week to discontinue the issuance of Zimbabwean special dispensation permits has raised anxiety among many locals living in that country who hav...Published: 7 hrs ago | 436 | by Staff reporter
Zimbabwean migrants making it big in South Africa
WHEN he made the decision to leave the country and cross the border into South Africa several years ago, his family and his peers tried to dissuade him, telling him he was putting his life in danger u...Published: 23 hrs ago | 2265 | by Staff reporter
Govt issues $24 billion Covid-19 guarantees
FINANCE minister Mthuli Ncube says government has issued debt guarantees amounting to $24,2 billion and US$15,2 million to help firms ride out Covid-19 induced operational problems.A governmen...Published: 28 Nov 2021 at 08:04hrs | 236 | by Staff reporter
US$1bn SDRs to be used over three years
The US$958 million worth of Special Drawing Rights (SDRs) allocated to Zimbabwe by the International Monetary Fund (IMF) will be used over a three-year period, with US$311 million expected to be relea...Published: 28 Nov 2021 at 07:48hrs | 33 | by Staff reporter
Marc Holtzman: His axis with Mnangagwa and CBZ Bank
ON Monday last week - 15 November - Zimbabwean President Emmerson Mnangagwa travelled with a delegation of senior government officials and top business executives to the Intra-African Trade Fair in Du...Published: 27 Nov 2021 at 16:54hrs | 1466 | by Staff reporter
Mnangagwa suffers yet another diplomatic blow
THE United States government has poured cold water on President Emmerson Mnangagwa's claim that he held a crucial meeting with President Joe Biden last month to discuss ways of removing sanctions agai...Published: 26 Nov 2021 at 19:38hrs | 4909 | by Staff Reporter
Civil servants seek bank charges exemption
Civil servants have asked Government to engage banks so that they are exempt from paying account maintenance charges to enable them to get their bonuses in full.Civil servants will this year b...Published: 25 Nov 2021 at 07:04hrs | 2026 | by Staff Reporter
Pegged exchange rate unsustainable
Zimbabwe's export receipts for the first 9 months of 2021 jumped 38% to US$6.10 billion from US$4.43 billion realized in the same period in 2020. Notable improvements have been realized in internation...Published: 24 Nov 2021 at 10:37hrs | 1642 | by Victor Bhoroma
Policy incentives to reindustrialization lacking
Zimbabwe aspires to create an upper middle income economy with a Gross Domestic Product (GDP) of US$65 billion by 2030. This vision is premised on the reindustrialization strategy where competitivenes...Published: 24 Nov 2021 at 10:35hrs | 277 | by Victor Bhoroma
Fake army procurement officer on the prowl
A man posing as a military procurement officer robbed 12 companies of Z$6.3 million (about US$60,000) in an elaborate fraud, police said on Monday.Claiming to be a Sergeant Muriro from Lookout...Published: 23 Nov 2021 at 06:00hrs | 1533 | by Staff reporter
Record wheat harvest for Zimbabwe
More than 188 000 tonnes of wheat have been delivered to the Grain Marketing Board (GMB), which represents a significant increase from 149 874 tonnes that had been delivered during the same period las...Published: 21 Nov 2021 at 08:17hrs | 545 | by Staff Reporter
Factoring 'animal spirits' into Zimbabwe's economic discourse
John Maynard Keynes is considered by many to be the most consequential economist of the past century. Perhaps one of his boldest contributions to economics was postulating, perhaps correctly, that the...Published: 18 Nov 2021 at 19:02hrs | 615 | by Simbarashe Bepete
Monetary policy in a complex economy
MAINSTREAM neoclassical economics, which has been the dominant economic thinking for over a century, is no longer an adequate mental model to interpret and shape the socio-economics of a new reality....Published: 17 Nov 2021 at 05:36hrs | 316 | by Vince Musewe
RBZ starts clearing auction forex backlog
The Reserve Bank of Zimbabwe (RBZ) yesterday says it has started the process to clear nearly US$200 million of the foreign currency backlog on the auction market after receiving the requisite funds fr...Published: 17 Nov 2021 at 05:07hrs | 178 | by Staff reporter
Covid-19 protocols remain in force
Cabinet received an update on the country's response to the Covid-19 pandemic, procurement and roll-out of vaccines, as presented by chairman of the Ministers' National Committee, Vice President and M...Published: 17 Nov 2021 at 05:06hrs | 75 | by Staff reporter
Rains are knocking at the farmer's door
The rains are knocking at the farmer's door, Heaven has shown its preparedness to water the fields adequately. Remember our God is a faithful God. He is not human so does not lie, what He says must co...Published: 14 Nov 2021 at 23:16hrs | 640 | by Thomas Tondo Murisa
MPs push for relief for informal sector
Legislators are pushing for full support to be given to informal traders in the country through flexible banking terms.Zimbabwe's informal sector has grown tremendously due to de-industrialisa...Published: 14 Nov 2021 at 05:41hrs | 118 | by Staff reporter
Fidelity to roll out mobile gold buying units
GOLD buying subsidiary of the Reserve Bank of Zimbabwe (RBZ), Fidelity Printers and Refiners (FPR) is set to roll out mobile gold buying units next year, as part of efforts to curb leakages and smuggl...Published: 14 Nov 2021 at 05:39hrs | 85 | by Staff reporter
USD cash bonuses explained
CIVIL servants and Government pensioners will receive their bonuses later this month through bank deposits into their nostro accounts, Finance and Economic Development Minister Professor Mthuli Ncube ...Published: 14 Nov 2021 at 05:38hrs | 579 | by Staff reporter
Bankers plan to establish a new financial behemoth
ON 3 September 2021, The NewsHawks exclusively published a story that government, bankers and investors, including local business tycoon Kudakwashe Tagwirei, are working on a plan to create the bigges...Published: 13 Nov 2021 at 17:45hrs | 477 | by Staff reporter
CBZ swoops on FML shares as new financial group emerges
CBZ Holdings, currently trading under cautionary, has secured a 31.22% stake in First Mutual Holdings Limited (FML), paving the way for the creation of a US$2.5 billion financial behemoth to rival Old...Published: 13 Nov 2021 at 17:38hrs | 489 | by Staff reporter
US$ bonus: Civil servants demand more
CIVIL servants yesterday attacked the United Stated dollar-denominated bonus as not enough, with teacher unions warning that it would not stop them from going on strike beginning Monday.Civil ...Published: 13 Nov 2021 at 05:57hrs | 1046 | by Staff reporter
Millers rally behind Musarara
The Grain Miller's Association of Zimbabwe (GMAZ) has rubbished the report by Gokwe Nembudziya Legislator Justice Mayor Wadyajena alleging massive corruption at the association and that more than...Published: 12 Nov 2021 at 13:32hrs | 1544 | by Desmond Nleya/Alice Mangwanda
Zimbabwe's banks overwhelmed
ZIMBABWE'S banking system has been overwhelmed by rocketing demand for United States dollars on the foreign currency auction system, the central bank said on Tuesday, as it moved to adjust bidding lea...Published: 10 Nov 2021 at 05:34hrs | 1394 | by Staff reporter
RBZ amends forex auction rules
The Reserve Bank of Zimbabwe (RBZ), yesterday amended Foreign Currency Auction bidding rules, bringing a new provision that bidders should submit their bids through banks four working days before the ...Published: 10 Nov 2021 at 05:30hrs | 344 | by Staff reporter
Zimta demands forex bonuses for teachers
THE Zimbabwe Teachers' Association (Zimta) has demanded that teachers' bonuses be paid in foreign currency to cushion them against inflation.Bonuses for teachers are due this month.Tea...Published: 09 Nov 2021 at 05:35hrs | 433 | by Staff reporter
Blockchain Entrepreneurs launch new crypto product
Atria Fintech is a technology disruptor that offers bespoke fintech solutions for Atria Africa and its entire ecosystem. It falls under Cornerstone FinServ which is the holding company. Atria Fintech ...Published: 08 Nov 2021 at 09:57hrs | 965 | by Mandla Ndlovu
Mayor encourages online bill payments
Bulawayo mayor Councillor Solomon Mguni has urged residents to utilise mobile platforms to pay bills to minimise unnecessary gatherings and long queues that promote the spread of Covid-19.Coun...Published: 08 Nov 2021 at 05:24hrs | 121 | by Staff reporter
Youth League applauds Mnangagwa
THE Zanu-PF Youth League has welcomed President Mnangagwa's decision to include all national youth executive leaders who are more than 35 years old into the party's Central Committee as ex-officio mem...Published: 07 Nov 2021 at 07:08hrs | 62 | by Staff reporter
NetOne intensifies electronic airtime recharge
THE mobile markets in Africa are for the most part prepaid, with the traditional means of distribution being the sale of scratch cards.It is no secret that this distribution channel has brough...Published: 07 Nov 2021 at 07:07hrs | 199 | by Staff reporter
Zanu-PF fights delay wheat payments
PAYMENTS to wheat farmers for the 2021 season are likely to be delayed after millers, who had pledged $5,5 billion to complement government funds, were scandalised by a parliamentary report which left...Published: 06 Nov 2021 at 06:15hrs | 246 | by Staff reporter
Bring sanity to the three tier pricing system
"Vabereki" are crying in the village. Most had their payments for maize delivered to GMB paid through banks. The exchange rate for goods and services paid for using mobil money transfer and swipe is p...Published: 05 Nov 2021 at 05:40hrs | 338 | by Tondo
Zanu-PF conference lacked strategic imperatives for economic growth
THE Zanu-PF conference is of strategic importance due to its potential of providing simultaneous and sequential signal on the general direction or economic trajectory of the country. It is also not fa...Published: 04 Nov 2021 at 06:30hrs | 574 | by Brian Sedze
Banks lobby for tax regime revamp
ZIMBABWE'S banking sector says government must extend tax payment periods to twice a year to give industries breathing space after being affected by pandemic-related headwinds.Under current po...Published: 01 Nov 2021 at 07:27hrs | 393 | by Staff reporter
Zimbabwe not obliged to please the West
Zimbabwe is not obliged to satisfy the requirements imposed by the United States and other countries as conditions set to remove sanctions because the sanctions were illegal from the beginning, visiti...Published: 31 Oct 2021 at 08:55hrs | 1161 | by Staff reporter
ZDERA framed to harm Zimbabwe
ON December 21, 2001, the then United States of America president, Mr George Bush, signed into law the Zimbabwe Democracy and Economic Recovery Act, marking the imposition of a set of economic sanctio...Published: 31 Oct 2021 at 07:37hrs | 351 | by Staff reporter
Worthless Zimdollar notes clog banks
BANKS have requested the Reserve Bank of Zimbabwe (RBZ) to decommission $2 and $5 bond notes, saying smaller denomination currency ranges have turned into a burden for financial institutions to keep....Published: 31 Oct 2021 at 07:04hrs | 1265 | by Staff reporter
Businesses told to comply with bank rate
RESERVE Bank of Zimbabwe (RBZ) Deputy Governor Dr Kupukile Mlambo has urged captains of industry and businesses to comply with the foreign currency auction exchange rate and price reasonably to avoid ...Published: 31 Oct 2021 at 06:56hrs | 238 | by Staff reporter
RBZ moves in to defend currency
THE Reserve Bank of Zimbabwe (RBZ) last week moved to contain growing inflationary pressures and exchange rate volatility by hiking the bank's policy rate from 40 percent to 60 percent.Resurge...Published: 31 Oct 2021 at 06:54hrs | 156 | by Staff reporter
MDC Alliance 'Empty Heads' - Analysts
The MDC Alliance's rant over preliminary findings presented by the UN Rapporteur has been described by experts as the highest level of political naivety meant to justify the party's sanctions crusade....Published: 30 Oct 2021 at 15:25hrs | 886 | by Staff Reporter
'Mnangagwa must not contest the 2023 presidential election'
ZIMBABWEAN President Emmerson Mnangagwa must regularise his illegitimate leadership position, but not contest the 2023 presidential election, as he would be a geriatric by then, prominent corporate ex...Published: 30 Oct 2021 at 15:06hrs | 4963 | by Staff reporter
Esidakeni farm wrangle turns nasty, tomato crops destroyed
KERSHELMAR Farm, commonly known as Esidakeni, should be teeming with ready-to-harvest tomatoes at this time of the year as it is every farmer's wish to take a good crop to market.A gaze throug...Published: 30 Oct 2021 at 15:04hrs | 549 | by Staff reporter
RBZ dishes out US$6 million to 130 000 citizens
THE Reserve Bank of Zimbabwe (RBZ) has disbursed more than US$6 million to close to 130 000 people following Government's decision last month to promote financial inclusion and access to forex for sma...Published: 29 Oct 2021 at 08:11hrs | 3525 | by Staff Reporter
UN Special Rapporteur condemns illegal sanctions on Zimbabwe, urges dialogue
THE United Nations Special Rapporteur on unilateral and coersive measures, Alena Douhan has called for the lifting of unilateral sanctions against Zimbabwe and urged sanctioning states and key nationa...Published: 27 Oct 2021 at 20:03hrs | 3414 | by Staff Reporter
Kazembe Kazembe in US$2,5 million tender scandal
HOME AFFAIRS minister Kazembe Kazembe has been implicated in massive tender scandal after a company he has interests in won a lucrative tender under suspicious circumstances, it has emerged.Th...Published: 26 Oct 2021 at 06:43hrs | 3071 | by Staff reporter
Unpacking ZIDERA, atrocities of sanctions
It is without doubt that sanctions are a crime against humanity, an unfair treatment of race against race, nation against nation, the strong against the presumably weak, all with the intention to crea...Published: 26 Oct 2021 at 06:38hrs | 181 | by Takasununguka Ziki
'Abandon the Zimdollar'
PRESSURE is mounting on Finance minister Mthuli Ncube to dollarise the economy after members of the public told Parliamentarians that it was the only way to tackle price and exchange rate instability ...Published: 26 Oct 2021 at 06:36hrs | 656 | by Staff reporter
Of sanctions and misgovernance
Am writing this piece after 1 year since I wrote on sanctions and with this small piece I think I will manage to clarify the position on sanctions, however, democracy dictates that one is free to agre...Published: 25 Oct 2021 at 20:48hrs | 591 | by Kumbirai Stein Chivhuna
Banks under fresh pressure
CHIEF executives of banks came under pressure at the weekend to act on concerns that financial institutions were fleecing consumers through punitive fees and commission charges on their accounts, whil...Published: 25 Oct 2021 at 06:26hrs | 1779 | by Staff reporter
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