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5,4 million Zimbabweans battling hunger
ABOUT 5,4 million Zimbabweans are battling hunger this month amid the free-falling local currency and the El Niño-induced drought, World Food Programme (WFP) data has revealed. In its Fe...Published: 26 Mar 2024 at 06:34hrs | 87 | by Staff reporter
Basics disappear from Zimbabwe shop shelves
ZIMBABWEAN retailers are struggling to restock locally produced goods using the local unit as manufacturers and wholesalers are turning them away in favour of those that pay in the United States dolla...Published: 15 Mar 2024 at 07:19hrs | 2544 | by Staff reporter
GMB maize stocks fall
MAIZE stocks have declined in the nation's reserves at Grain Marketing Board (GMB) depots dotted across the country, and this may worsen food insecurity situation at a time when inflation and currency...Published: 11 Mar 2024 at 09:08hrs | 1411 | by Staff reporter
Zimbabwe gold deliveries to Fidelity continue to decline
According to the latest official data, there has been a significant decrease in GOLD deliveries to Fidelity Printers and Refineries (FPR).Statistics from FPR indicate a 22% drop in gold delive...Published: 10 Mar 2024 at 06:28hrs | 201 | by Staff reporter
Gold set to anchor Zimbabwe dollar
GOLD has emerged as the most ideal instrument likely to be used to anchor the structured currency the Government is pursuing to stabilise the exchange rate and curtail persistent inflation.The...Published: 10 Mar 2024 at 06:23hrs | 155 | by Staff reporter
Uneca tells Zimbabwe to work on debt
THE United Nations Economic Commission for Africa (Uneca) deputy executive secretary programme Support Antonio Pedro says Zimbabwe needs to work on its debt to deal with its economic crises.Cu...Published: 04 Mar 2024 at 04:44hrs | 444 | by Staff reporter
Chamisa slams Zimbabwe govt's currency board plan
Opposition leader Nelson Chamisa has strongly criticized the government's proposed introduction of a currency board as an attempt to revive the struggling Zimbabwe dollar, stating that it will ultimat...Published: 16 Feb 2024 at 07:42hrs | 1653 | by Staff reporter
Minister grilled over late payment of farmers
FINANCE minister Mthuli Ncube was on Wednesday grilled in Parliament over late payment of farmers for deliveries to the Grain Marketing Board (GMB).Legislators from Zanu-PF and the opposition ...Published: 16 Feb 2024 at 05:00hrs | 327 | by Staff reporter
Bard Santner sets up New York office
HARARE - Local financial services firm Bard Santner Inc has set up an office in New York, United States, in a move to attract capital investment and transaction opportunities offshore.The comp...Published: 15 Feb 2024 at 18:42hrs | 417 | by Staff Reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 424 | by Staff reporter
Zimbabwe to grow trade with friendly nations
THERE is a need to increase trade with friendly countries as a strategy to counter illegal sanctions imposed on Zimbabwe by some powerful Western nations, President Mnangagwa said here yesterday after...Published: 15 Feb 2024 at 10:03hrs | 36 | by Staff reporter
Zimbabwe seeks to boost trade to bust sanctions
THERE is a need to increase trade with friendly countries as a strategy to counter illegal sanctions imposed on Zimbabwe by some powerful Western nations, President Mnangagwa said here yesterday after...Published: 15 Feb 2024 at 10:02hrs | 36 | by Staff reporter
Zimbabwe leaders are from Mars!
I WAS touched by an impassioned plea by a fellow Zimbabwean.He appeared on local television, imploring the government to remove VAT (value added tax) on rice. His logic was that rice w...Published: 13 Feb 2024 at 19:19hrs | 563 | by Tendai Ruben Mbofana
Zimbabwe to use gold to back its currency
Zimbabwe is working on new measures to stabilise its local currency including linking the exchange rate to hard assets such as gold and creating a currency board, Finance Minister Mthuli Ncube said on...Published: 12 Feb 2024 at 11:31hrs | 2209 | by Staff reporter
Fighting cholera begins with you
Clean potable water is a precious commodity that should be availed to all without hindrance. In fact, water is life especially these days when the nation is under siege from a deadly cholera onslaught...Published: 11 Feb 2024 at 22:36hrs | 96 | by Tondo Chinehasha
Zimbabwe family basket doubles to ZWL$6,2m
The family basket has nearly doubled to ZWL$6,2 million from ZWL$3,6 million in December due to the continued depreciation of the Zimdollar, the Consumer Council of Zimbabwe (CCZ) has said, spelling d...Published: 07 Feb 2024 at 04:46hrs | 365 | by Staff reporter
Zimdollar flounders
Zimbabwe's central bank will hold its first rate-setting meeting of the year next Monday as it seeks to deal with a currency rout.The monetary policy committee will meet "to discuss interventi...Published: 25 Jan 2024 at 06:37hrs | 1117 | by Staff reporter
Fresh measures to prop up Zimdollar
The GOVERNMENT is set to unveil new interventions, which may include reforming the foreign currency auction system and boosting foreign currency supply in the market, to deal with the recent volatilit...Published: 21 Jan 2024 at 07:27hrs | 642 | by Staff reporter
Zimdollar further tumbles against US dollar
The cost of goods and services keeps on increasing in Zimbabwe as the local currency depreciates against the U.S. dollar, a trend that accelerated at the beginning of 2024.The local dollar, which ...Published: 18 Jan 2024 at 17:52hrs | 1021 | by Staff reporter
King Lobhengula: The Statesman Par Excellence
The man who is credited to have expanded Buthwakazi until it covered virtually the whole of Budlanondo (present day Zimbabwe and parts of present day Botswana) is King Lobhengula (named after Prince N...Published: 11 Jan 2024 at 17:31hrs | 686 | by George Mkhwanazi
Zimdollar plunges 40% on black market
Zimbabwe's dollar has started the new year on the back foot, plunging more than 40% on the parallel market, as high demand for foreign-exchange continues to outstrip supply.A range of factors,...Published: 11 Jan 2024 at 15:21hrs | 975 | by Staff reporter
Currency turmoil returns in Zimbabwe
Zimbabwe's dollar has started the new year on the back foot, plunging more than 40% on the parallel market, as high demand for foreign-exchange continues to outstrip supply.A range of factors,...Published: 10 Jan 2024 at 05:57hrs | 812 | by Staff reporter
'Zimbabwe to closely monitor commodity prices'
GOVERNMENT will continue to monitor basic commodity prices and availability of 14 key products to help consumers acquire essential goods at reasonable costs, Industry and Commerce minister Sithembiso ...Published: 05 Jan 2024 at 05:52hrs | 75 | by Staff reporter
Mthuli Ncube's taxes kick in
Zimbabweans will begin a new year tomorrow faced with a basket of new taxes, levies and fees that will push up the cost of living for many that are already struggling to make ends meet.Finance...Published: 31 Dec 2023 at 13:00hrs | 1633 | by Staff reporter
Zimbabwe's third-quarter gold output up 0,4%
The Reserve Bank of Zimbabwe's third-quarter 2023 report has disclosed a 0.4% increase in gold output, primarily driven by Artisanal Small-Scale Gold Miners (ASGM) emerging as the leading contributors...Published: 27 Dec 2023 at 08:23hrs | 163 | by Staff reporter
Zimdollar decline fueled by surge in money supply
THE Zimbabwe dollar has taken a battering in the past month with economists attributing the depreciation of the local currency to increased money supply after private and public sector employees were ...Published: 24 Dec 2023 at 16:10hrs | 819 | by Staff reporter
Zimbabwe govt misses US$12bn mining target
LEADING economists and mining industry experts warned this week the Ministry of Mines and Mining Development was manipulating data to give an impression that its ambitious US$12 billion target will be...Published: 22 Dec 2023 at 18:13hrs | 163 | by Staff reporter
Zimbabwe: African Development Bank approves $25 million trade finance line of credit for Central Africa Building Society
The Board of Directors of the African Development Bank Group (www.AfDB.org/en) has approved a $25 million trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to b...Published: 20 Dec 2023 at 22:34hrs | 626 | by APO
Mnangagwa's govt in umpteenth warning on price hikes
GOVERNMENT has for the umpteenth time warned the business community against hiking pricing during the festive season as it works with industry to make sure that there are no shortages during the year-...Published: 18 Dec 2023 at 04:55hrs | 383 | by Staff reporter
Biti rips into Ncube's 'disastrous' budget
FORMER Finance minister Tendai Biti has described the 2024 budget as a disaster amid concerns that the proposed raft of taxes will deepen Zimbabwe's poverty levels and worsen the economic challenges....Published: 03 Dec 2023 at 17:33hrs | 317 | by Staff reporter
Zimbabwe man jailed two years for smuggling cigarettes into SA
A 48-year-old Zimbabwean man has been sentenced to two years' imprisonment by the Polokwane Specialised Commercial Crimes Court for smuggling cigarettes worth R416 070 into South Africa.Max Ch...Published: 01 Dec 2023 at 18:24hrs | 247 | by Staff reporter
Zimbabwe's an anti-poor budget
Finance, Economic Development and Investment Promotion minister Mthuli Ncube yesterday presented the ZWL$58,2 trillion 2024 national budget.According to the Treasury chief, the economy is proj...Published: 01 Dec 2023 at 04:55hrs | 263 | by Staff reporter
Zimbabwe tobacco exports rake in US$1 billion
ZIMBABWE'S tobacco export earnings have increased by 43% to US$1,09 billion this year from US$766,6 million last season as the golden leaf retains its lustre, latest figures from the Tobacco Industry ...Published: 23 Nov 2023 at 05:35hrs | 100 | by Staff reporter
Mineral revenue slumps 29%
In the first half of this year, Zimbabwe's mineral revenue experienced a 29% decline, amounting to US$2.6 billion, owing to several challenges, including falling commodity prices, foreign currency sho...Published: 03 Nov 2023 at 05:44hrs | 64 | by Staff reporter
Donkey milk on supermarket shelves
TAKUWA Natural Products, a Botswana-based company, is looking to establish a donkey milk value-addition production base in Zimbabwe. While Zimbabwe has a large herd of donkeys mainly for draught power...Published: 14 Oct 2023 at 07:30hrs | 1687 | by Staff reporter
Zimbabwe family basket shoots to ZWL$2,6m
The Consumer Council of Zimbabwe (CCZ) has reported that the family basket's cost has risen to ZWL$2.6 million due to escalating prices of essential goods, posing a crisis for numerous households acro...Published: 10 Oct 2023 at 06:02hrs | 423 | by Staff reporter
Lawyer takes Mnangagwa to court
HARARE lawyer and businessman Frederick Nyamande has taken President Emmerson Mnangagwa to court following the promulgation of the controversial Mutapa Investment Fund which he argues allows the head ...Published: 09 Oct 2023 at 13:51hrs | 873 | by Staff reporter
Will the new ‘ZiG' ‘gold backed' digital currency alleviate Zimbabwe's currency stability woes?
THE chronic problem of Zimbabwe's economy has its roots in the land reform activities that began more than 30 years ago.The principle of ‘ethnic balance' in land ownership was fair. The prob...Published: 08 Oct 2023 at 08:02hrs | 460 | by John Mc Keown
Moti dismisses claims lithium mine is 'just rock', insists value is up to $1.4billion
SOUTH AFRICAN businessman Zunaid Moti has responded to a recent investigation by the Organised Crime and Corruption Reporting Project (OCCRP) and amaBhungane that revealed a Zimbabwean lithium project...Published: 22 Sep 2023 at 23:48hrs | 970 | by Staff reporter
'Mugabe was a better devil'
Four years have passed since the passing of former President Robert Mugabe, and nearly six years since his ousting in a 2017 military coup that ushered Emmerson Mnangagwa into power. During this time,...Published: 12 Sep 2023 at 20:06hrs | 1929 | by Staff reporter
Zimdollar future hangs in the balance
IT is imperative for every successful and expanding economy in the world to have its own currency and monetary policy. I make that statement because it is important for all Zimbabweans to understand t...Published: 12 Sep 2023 at 06:33hrs | 1101 | by Eddie Cross
Canadian lithium firm unearths evidence of large deposits in Zimbabwe
CANADA-based lithium exploration and development company, Li3 Lithium Corporation, has announced the discovery of lithium mineralisation on a 1,2 kilometre stretch at Nels Luck pegmatite target, durin...Published: 22 Aug 2023 at 06:21hrs | 33 | by Staff reporter
Reserve Bank of Zimbabwe's external debt gives Treasury headache
TREASURY says taking over Reserve Bank of Zimbabwe (RBZ)'s external debt will make budget financing for the 2024 fiscal year difficult.On June 15, President Emmerson Mnangagwa issued Statutory...Published: 15 Aug 2023 at 06:34hrs | 22 | by Staff reporter
So Mnangagwa govt finally admits local currency wasn't sabotaged after all!
We have said it numerous times before.The Zimbabwe government is lying about saboteurs - who are usually faceless so-called 'regime change agents', supposedly operating in cahoots with 'our de...Published: 11 Aug 2023 at 16:26hrs | 22 | by Tendai Ruben Mbofana
SA cops arrested in R12m cigarettes smuggling case
SOUTH African police have arrested two of their own members who recently connived with a 43-year-old Zimbabwean to smuggle into South Africa cigarettes worth more than R12 million.The duo was ...Published: 10 Aug 2023 at 06:42hrs | 20 | by Staff reporter
Holy Ten endorses Mnangagwa 'huchi', gets lashed
NETIZENS have fired salvos at hip hop chanter Holy Ten calling him a selfish opportunist while unanimously stripping him of the title ‘leader of the youth' after he endorsed President Emmerson Mnang...Published: 08 Aug 2023 at 06:53hrs | 20 | by Staff reporter
Zimbabwe election disinformation spreads on WhatsApp
From doctored photos making small crowds big to posts praising government accomplishments that never were, WhatsApp has become the channel of choice for disinformation in Zimbabwe before this month's ...Published: 06 Aug 2023 at 19:16hrs | 16 | by Staff reporter
Vote Buying rampant ahead of Elections
A human and civil rights activist Obert Chinhamo has expressed concerns over the escalation of vote buying ahead of elections describing it as a clear violation of the electoral act and human rights t...Published: 01 Aug 2023 at 17:58hrs | 22 | by Stephen Jakes
New railway line to link Binga, Kwekwe
THE newly commissioned Muchesu Coal Mining company in Binga District, Matebeleland North Province, plans to construct a new railway line linking its plant with Kwekwe as part of a broader investment d...Published: 01 Aug 2023 at 06:27hrs | 21 | by Staff reporter
Mnangagwa opens new coal mine in Binga
IT will be a historic moment for Binga District today as President Mnangagwa is set to commission the new Muchesu Coal Mine project, a game-changing investment being undertaken by a British investor, ...Published: 31 Jul 2023 at 06:55hrs | 21 | by Staff reporter
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