Search / Currency
Dangarembga decries state 'chokehold'
A prize-winning Zimbabwean novelist and filmmaker arrested at recent protests accused President Emmerson Mnangagwa's government on Tuesday of holding its people in a repressive "chokehold" as they end...Published: 4 mins ago | 1 | by Reuter
Land reform beneficiaries must compensate ex-farmers
GOVERNMENT'S US$3,5 billion compensation offer to former commercial farmers dispossessed of land during the land reform programme has raised a lot of anxiety within and outside the country's borders, ...Published: 10 hrs ago | 1007 | by Staff reporter
EIU predicts tough times ahead for Zimbabwe
LONDON-BASED Economic Intelligence Unit (EIU) has predicted a gloomy economic outlook for Zimbabwe in the next four years owing to failure by government to manage the tumultuous political and economic...Published: 10 hrs ago | 1105 | by Staff reporter
Bread flour price to go up 34%
THE price of flour is this week likely to go up by over 30% following the skyrocketing foreign currency auction-rate which is now chasing the parallel market. The government, through the centr...Published: 10 hrs ago | 706 | by newzimbabwe
Fresh fuel shortages hit Zimbabwe
FRESH fuel shortages have hit the country and in Bulawayo most service stations have been dry for the past week. A news crew took to the streets of Bulawayo and observed motorists queueing for refills...Published: 10 hrs ago | 636 | by Staff reporter
Motorists plead for fuel dual pricing
Government should come up with legislation that makes it mandatory for service stations to sell fuel in both foreign and local currency in line with the prevailing exchange rate, motorists have said. ...Published: 10 hrs ago | 414 | by Staff reporter
Analysis of Dual Pricing Policy (SI 185 of 2020)
The Zimbabwean government gazetted Statutory Instrument (SI) 185 of 2020 on the 24th of July 2020. The latest regulation compels sellers of various goods and services to display, quote and offer price...Published: 03 Aug 2020 at 17:05hrs | 2564 | by Victor Bhoroma
Fuel service stations abandon selling fuel in local currency, only forex sold gas is available
MOST motorists who are earning money in local currency have a daily nightmare as they struggle to get fuel sold in local currency amid revelations most service stations with fuel now sell it in ...Published: 03 Aug 2020 at 11:41hrs | 1613 | by Stephen Jakes
Fuel smuggling ring busted
Multiple fuel smuggling scams are being run in Zimbabwe with cheap fuel being smuggled from Mozambique, sometimes mislabelled to avoid customs duty, and sold or re-exported for hard currency while fue...Published: 03 Aug 2020 at 07:47hrs | 711 | by Staff reporter
Doctors scoff at Mnangagwa plea
STRIKING doctors have vowed to press on with their job boycott despite pleas by President Emmerson Mnangagwa for them to return to work amid revelations that scores of people could be dying in their h...Published: 02 Aug 2020 at 09:38hrs | 3431 | by Staff reporter
A passport is a privilege in Zimbabwe
I goT my current passport in 2016, three years after the election that ended the government of National Unity. This was also the year the government introduced bond coins and bond notes, and foreign c...Published: 02 Aug 2020 at 09:29hrs | 773 | by Kudzai Mubaiwa
Covid-19 delays jatropha energy project comeback
The outbreak of the corona virus, or Covid-19, has delayed the anticipated revival of the jatropha energy project in Zimbabwe.In 2017, the Zimbabwe government announced that it had rekindled t...Published: 02 Aug 2020 at 09:22hrs | 117 | by Green Energy Zimbabwe
ZSE reopens amid $240m loss
THE Zimbabwe Stock Exchange (ZSE) will resume trading tomorrow after a month-long government shutdown that saw the bourse losing at least $240 million in potential revenue.On June 29, the gove...Published: 02 Aug 2020 at 09:21hrs | 306 | by Staff reporter
Borehole drilling scam surfaces
A NUMBER of Zimbabweans, who are in need of borehole drilling services are made to pay exorbitant charges in foreign currency or give away livestock by a cartel of companies suspected to be of foreign...Published: 02 Aug 2020 at 09:11hrs | 914 | by Staff reporter
Bulawayo water charges up by 2 000%
THE Bulawayo City Council could be forced to increase its water charges after the Zimbabwe National Water Authority (Zinwa) increased the tariffs for the Mtshabezi Dam raw water by close to 2 000 perc...Published: 02 Aug 2020 at 09:07hrs | 345 | by Staff reporter
In Zimbabwe, no one can breathe
On July 20, police in Zimbabwe arrested and detained journalist Hopewell Chin'ono. The prominent investigative reporter had blown the whistle on a $60 million corruption scandal in June.They a...Published: 02 Aug 2020 at 09:01hrs | 136 | by Panashe Chigumadze
'Death is Upon Us', The Question is Who is Next?
We underestimated the COVID-19 crisis, it is now upon us. Our people are dying, it might be you or me next. Your Excellency, Mr President Sir family and friends are being turned away at hospitals beca...Published: 01 Aug 2020 at 08:55hrs | 8851 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe declares 12 new Covid-19 deaths previously missed
Zimbabwe's Covid-19 death toll climbed to 53 on Thursday as the ministry of health announced 12 previously undeclared deaths which occurred between July 13 and 20.There were 213 new cases of t...Published: 31 Jul 2020 at 18:33hrs | 3560 | by Staff reporter
Zimbabwe businesses closed, streets deserted on day of protests
Businesses were shut and streets deserted around Zimbabwe on Friday as security forces increased patrols to stop anti-government protests called by activists over corruption and economic hardship....Published: 31 Jul 2020 at 18:31hrs | 2160 | by Staff reporter
Noic, Sakunda sucked in US$17m loan scandal
EXPLOSIVE details show that the state-owned National Oil and Infrastructure Company (Noic) was advanced by Sakunda Holdings US$17,5 million of a US$22,75 million loan agreement to buy out Lonmin's 50%...Published: 31 Jul 2020 at 08:00hrs | 3812 | by Staff reporter
Fresh farm seizures soiling Zimbabwe's image?
THE ongoing seizures of mainly white-owned productive farms severely dent Zimbabwe's international image and cast aspersions on the country's reputation as an investment destination, Commercial Farmer...Published: 31 Jul 2020 at 07:57hrs | 874 | by Rejoice Ngwenya, Comaliso
Masiyiwa struggles to sell stake in Liquid
THE coronavirus pandemic is hampering efforts by Zimbabwean billionaire Strive Masiyiwa to sell a stake in Africa's largest fibre company.Masiyiwa is seeking buyers for 20% to 34% of Liquid Te...Published: 31 Jul 2020 at 07:39hrs | 557 | by Staff reporter
EcoCash probe delays Cassava financials
CASSAVA Smartech Zimbabwe Limited (CSZL) has announced a delay in publishing its financial results for the year ended February 29, 2020 due to investigations into its subsidiary, EcoCash (Private) Lim...Published: 31 Jul 2020 at 07:38hrs | 155 | by Staff reporter
No power cuts till year end, industry assured
INDUSTRY is assured of consistent power supply after State power utility Zesa Holdings said it will not effect load shedding until end of this year despite recent significant increase in demand for el...Published: 31 Jul 2020 at 07:30hrs | 144 | by Staff reporter
Civil servants struggle to use US$75 allowances
CIVIL servants are facing challenges utilising US$75 deposited into their accounts by Government as a flat non-taxable Covid-19 monthly allowance. The news crew understands that those who rece...Published: 30 Jul 2020 at 08:52hrs | 1266 | by Staff reporter
Telecoms industry set to offer better service from USD-indexed tariff adjustments
Telecommunication companies operating in the country must have breathed a heavy sigh of relief last week after regulator Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) allowed...Published: 29 Jul 2020 at 09:56hrs | 589 | by Agencies
Embassies caught in stands storm
WESTERN embassies (names supplied) were favoured in the illegal parcelling of residential stands by the MDC Alliance-led council in Harare as the opposition party used its control of the capital city ...Published: 29 Jul 2020 at 09:11hrs | 514 | by Staff reporter
Zimdollar loses 6% against the dollar
The local currency continues to lose value as it searches for a stable range based on demand and supply. The ZWL lost 6.01% to trade at 76.7596 against the dollar from 72.1470 attained last week....Published: 28 Jul 2020 at 19:26hrs | 4753 | by Staff reporter
Chamisa's MDC sucked in land scam
MDC Alliance leader Mr Nelson Chamisa has been sucked into the latest swirl of residential stands allocation scam in the capital city, amid revelations that the opposition has been stripping the counc...Published: 28 Jul 2020 at 09:25hrs | 1424 | by Staff reporter
Old Mutual to stop trading its shares on the Zimbabwe Stock Exchange
Old Mutual is poised to stop trading its shares on the Zimbabwe Stock Exchange, the latest step in the government's efforts to bring order to its chaotic foreign-exchange market.The insurer ag...Published: 27 Jul 2020 at 21:33hrs | 3665 | by Bloomberg
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 | 1143 | by Victor Bhoroma
Kariba Sparkles But Economic Malaise Dulls The Shine
The Municipality of Kariba is on a charm offensive, softening and winning hearts, grinding impressive results and winning accolades. If this lasts, then the happy days will return to the resort town....Published: 27 Jul 2020 at 20:01hrs | 565 | by Laiton Kandawire: Patsaka-Nyaminyami Community Radio Environment and Tourism Correspondent
Govt approves dual pricing
GOVERNMENT has authorised the pricing of goods and services in both the local currency and the United States dollar, barely a year after ditching the multi-currency regime."It is hereby notifi...Published: 27 Jul 2020 at 08:49hrs | 1653 | by Staff reporter
Zimbabweans to pay more to make calls
In a notice to operators on Wednesday, the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) said operators may now use dual pricing on their tariffs.This is in line with...Published: 27 Jul 2020 at 08:49hrs | 917 | by Staff reporter
Govt misled civil servants on US$75 allowances
GOVERNMENT'S treatment of its workers particularly barring them from accessing their US$75 allowances in hard currency merely demonstrates how it has perfected the art of frustrating not only its empl...Published: 27 Jul 2020 at 08:48hrs | 3766 | by Staff reporter
Zimbabwe telecom operators get forex greenlight
Zimbabweans will now pay more to make calls and use the internet after the telecoms regulator authorised operators to peg their tariffs at the official exchange rate and in United States dollars....Published: 26 Jul 2020 at 11:11hrs | 2700 | by Staff reporter
Was the shutting down of mobile money, ZSE a necessary evil?
ON June 26, 2020 the Information ministry announced in a tweet that all mobile money transactions and the Zimbabwe Stock Exchange (ZSE) would stop transacting forthwith.The authorities halted ...Published: 26 Jul 2020 at 11:11hrs | 2663 | by Admire Maparadza Dube
Zimbabweans companies want to trade in Rand
CAPTAINS of industry in Bulawayo have pleaded with the Minister of Finance and Economic Development, Professor Mthuli Ncube, to promote the wide use of the South African rand to complement the multi-f...Published: 26 Jul 2020 at 10:57hrs | 641 | by Staff reporter
James Makamba eyes huge comeback
NATHAN Shamuyarira, Webster Shamu, James Makamba and Supa Mandiwanzira are some of the names that easily come to mind as having made the successful transition from journalism into the murky world of b...Published: 26 Jul 2020 at 10:55hrs | 1607 | by Staff reporter
ZimDollar future bright, says Mthuli Ncube
FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday reiterated that there was no going back on the use of the Zimbabwe dollar, adding that the future of the local currency was "...Published: 25 Jul 2020 at 08:32hrs | 1725 | by Staff Reporter
Mnangagwa's Zimbabwe tumbles on business rankings
ZIMBABWE, in the throes of its worst political and economic crisis in more than a decade, has the highest country risk in the whole of Southern Africa, a report has revealed.The country is con...Published: 24 Jul 2020 at 08:21hrs | 3749 | by Staff reporter
Zimbabwe govt, Old Mutual smoke peace pipe
GOVERNMENT is set to hold a crucial meeting with Old Mutual over the standoff between the two parties in which the largest financial services company has been accused of stoking currency volatility on...Published: 24 Jul 2020 at 08:21hrs | 4732 | by Staff reporter
Nasty row erupts over farms
ZANU-PF officials in Mashonaland West province are up in arms with the Provincial Affairs minister Mary Mliswa, accusing her of single-handedly presiding over the exercise to downsize commercial farms...Published: 24 Jul 2020 at 08:19hrs | 3198 | by Staff reporter
Zimbabwe's future bright, claims Mthuli Ncube
FINANCE minister Mthuli Ncube on Wednesday told Senate that Zimbabwe's future was bright, adding that the economy would witness growth next year despite the severe economic difficulties currently bein...Published: 24 Jul 2020 at 08:04hrs | 1272 | by Staff reporter
Over 1 000 arrested for violating Covid-19 curfew
MORE than 1 000 people were arrested on Wednesday countrywide for flouting Covid-19 national lockdown regulations while in Bulawayo, police arrested 170 people and impounded 90 vehicles for lockdown d...Published: 24 Jul 2020 at 07:42hrs | 638 | by Staff reporter
Mnangagwa picks fight with tycoon
Zimbabwe's president has picked a fight with the country's most successful businessman. The economy may be the loser.Under pressure from a plunging currency and 737% inflation, President Emmer...Published: 23 Jul 2020 at 20:57hrs | 9263 | by Bloomberg
High Court suspends police seizure of Econet database
ECONET Wireless Private Limited yesterday got relief from the High Court, which suspended a "warrant of search and seizure" of their premises by the Zimbabwe Republic Police (ZRP) over alleged impropr...Published: 23 Jul 2020 at 20:25hrs | 628 | by Staff reporter
No US$75 joy for civil servants
CIVIL servants yesterday expressed anger after failing to access their US$75 allowances as promised by the government, accusing their employer of being insincere.Government last month promised...Published: 23 Jul 2020 at 20:20hrs | 1199 | by Staff reporter
Forex traders to pay US$ tax
Government has come up with a legal instrument compelling traders selling goods and services in foreign currency to pay taxes in the currency in which they levy their customers, Senators heard yesterd...Published: 23 Jul 2020 at 20:17hrs | 408 | by Staff reporter
'Mutsvangwa plotting November 2017 style coup over Econet'
STRIVE Masiyiwa's Econet mobile network says its existence was under threat from former President Emmerson Mnangagwa's advisor Christopher Mutsvangwa.Mutsvangwa, according to court papers file...Published: 22 Jul 2020 at 08:41hrs | 4230 | by newzimbabwe
Load More Stories
