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Buy Zimbabwe raises concerns over retail sector challenges
Buy Zimbabwe has raised concerns about the challenges facing the retail sector, stating that these obstacles are hindering efforts to promote locally-produced goods.Over the past few weeks, ma...Published: 20 Jan 2025 at 10:17hrs | 60 | by Staff reporter
ED can achieve vision 2030 earlier if he obsessed over it as he did extending his presidency
President Emmerson Mnangagwa's bid to extend his presidency beyond the constitutionally mandated two five-year terms has sparked intense debate, particularly given the justification being touted for t...Published: 18 Jan 2025 at 11:10hrs | 254 | by Tendai Ruben Mbofana
Chamisa says Mnangagwa must stop 2030
Zimbabwe's former opposition leader Nelson Chamisa says President Emmerson Mnangagwa must stop his 2030 plan to extend his rule beyond his 2028 second-term constitutional limit while subverting the co...Published: 18 Jan 2025 at 06:50hrs | 1095 | by Staff reportetr
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 | 3054 | by Staff reporter
Zimbabwe's tobacco export earnings reach US$1.3 billion in 2024
Zimbabwe's tobacco export earnings reached US$1.3 billion in 2024, a notable increase from US$1.23 billion in 2023, marking the second consecutive year that earnings have surpassed the US$1 billion ma...Published: 16 Jan 2025 at 07:12hrs | 185 | by Staff reporter
Triangle retrenches as economy bites
Sugar producer Triangle Limited has announced a phased retrenchment program, with the first group of employees set to leave by the end of next month, citing a tough operating environment.In a ...Published: 15 Jan 2025 at 06:38hrs | 273 | 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 | 900 | 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 | 1218 | by Gideon Madzikatidze
Mnangagwa dares opposition MPs
President Emmerson Mnangagwa has urged opposition legislators to actively scrutinize and challenge Zanu-PF Members of Parliament (MPs) to ensure they deliver for the benefit of all Zimbabweans....Published: 13 Jan 2025 at 07:13hrs | 477 | by Staff reporter
Govt warns schools against manipulating exchange rates
As Zimbabwean schools prepare to open for the first term this Tuesday, the Government has issued a stern warning to schools engaging in fraudulent foreign exchange practices. Reports have surfaced of ...Published: 12 Jan 2025 at 11:58hrs | 459 | by Staff reporter
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 | 12827 | 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
Different Types of Forex Brokers
Different Types of Forex Brokers The foreign exchange market is a global, decentralized marketplace where currencies are traded. This i...Published: 09 Jan 2025 at 16:16hrs | 386 | 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 Banking on Gold to Drive Economic Growth and Foreign Currency Inflows
Zimbabwe's gold sector is on track to significantly boost the country's economy, with output projected to reach 40 tonnes this year. This growth is attributed to substantial investments, a stable oper...Published: 07 Jan 2025 at 18:19hrs | 744 | by Ndou Paul
Zimbabwe farmers urged to tap into China's fruit import market
Trade promotion agency ZimTrade is encouraging Zimbabwean farmers to seize the opportunity presented by China's growing fruit import market, which could generate much-needed foreign currency for the c...Published: 31 Dec 2024 at 13:57hrs | 239 | by Staff reporter
Mnangagwa's govt fails to remit teacher union funds
The government has failed to disburse funds deducted from teachers' salaries for union subscriptions, throwing the teacher unions into financial disarray and leaving them struggling to meet financial ...Published: 31 Dec 2024 at 13:54hrs | 188 | 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
CCC, Zanu-PF MPs pass Mthuli Ncube's budget
The 2025 National Budget, designed to drive economic growth, enhance social protection, and build resilience, was passed by Parliament last Thursday after intensive debate that stretched into the earl...Published: 23 Dec 2024 at 05:41hrs | 277 | by Staff reporter
Why Zimbabwe's push for youth entrepreneurship is misguided
The Zimbabwean government's recurring call for recent college graduates to become entrepreneurs instead of seeking employment is a glaring abdication of responsibility. In a country where mill...Published: 23 Dec 2024 at 00:57hrs | 158 | by Tendai Ruben Mbofana
Zimbabwe's power crisis set to persist into 2025
Zimbabwe's prolonged power outages, which have left ordinary citizens enduring hours without electricity, are expected to spill over into 2025 due to a lack of foreign currency needed for electricity ...Published: 22 Dec 2024 at 11:06hrs | 551 | by Staff reporter
Zimbabwean Nationals are a target of international cyber criminals
As more and more Zimbabweans embrace the digital economy, the rise of cybercrime has become a significant concern for its citizens. With increasing internet penetration, more individuals are engaging ...Published: 20 Dec 2024 at 12:19hrs | 307 | by Jacob Kudzayi Mutisi
Festive Crackdown or Festive Crisis? How Mthuli Ncube's Policies Punish the Poor
The Zimbabwean government, under the stewardship of Finance Minister Mthuli Ncube, has launched a door-to-door crackdown to confiscate smuggled goods. This initiative, introduced during the festive se...Published: 20 Dec 2024 at 10:09hrs | 154 | by Kindred Sibanda
Zesa explains national blackouts
Zimbabwe’s power utility, Zesa, has attributed the two major blackouts on Monday night and yesterday afternoon to an imbalance in the international connectors, which affected both the national grids...Published: 19 Dec 2024 at 17:01hrs | 1688 | by Staff reporter
Mnangagwa urges timely distribution of food aid amid drought
Zimbabwean President Emmerson Mnangagwa has called for timely and efficient aid distribution to people facing food shortages resulting from an El Nino-induced drought."The timely delivery of f...Published: 19 Dec 2024 at 16:53hrs | 131 | by Staff reporter
The rise of online entertainment: How slots are becoming a global phenomenon
In recent years, online entertainment has undergone a significant transformation. One area experiencing explosive growth is online gaming, particularly online slots. This evolution has redefined how p...Published: 19 Dec 2024 at 16:40hrs | 78 | by Staff Reporter
Zimbabweans will always suffer as long as we rely on politicians for change
Over the past two and a half decades, the country has faced unprecedented economic challenges, from record-breaking hyperinflation and extreme poverty to massive deindustrialization and soaring unempl...Published: 19 Dec 2024 at 12:41hrs | 222 | by Tendai Ruben Mbofana
As patient as a farmer, help us to help the nation.
Even the famed bass fish, the sought-after red bream, and other aqua-marine life are in great danger of extinction as the white elephant Lilstock Dam has now been over-fished to supplement incomes. En...Published: 18 Dec 2024 at 22:20hrs | 453 | by Cde Mutandawachingama
Is Zimbabwe on the brink of collapse?
Zimbabwe is standing at a dangerous crossroads as the nation endures an escalating energy crisis that threatens its economy, livelihoods, and future prospects. The recent wave of prolonged pow...Published: 18 Dec 2024 at 13:05hrs | 1996 | by Tendai Ruben Mbofana
The impact of duty-free incentives in the 2025 national budget
The 2025 National Budget is a forward-thinking approach to economic recovery and national development, introducing strategic duty-free incentives aimed at empowering local industries, stimulating econ...Published: 17 Dec 2024 at 20:12hrs | 1042 | by Innocent Mujeri
Stanbic named best ovderall bank 2024
Harare, 17 December 2024 - Stanbic Bank Zimbabwe has been named the overall best performing bank at the Banks and Banking Survey Awards 2024 sponsored by First Capital Bank. Stanbic Bank has n...Published: 17 Dec 2024 at 09:15hrs | 410 | by Agencies
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 banking sector sees surge in US dollar deposits
Zimbabwe's banking sector has experienced a remarkable increase in confidence, with foreign currency deposits rising by 13% to US$2.64 billion in October 2024, compared to the same period in 2023. Thi...Published: 14 Dec 2024 at 12:35hrs | 2154 | by Staff reporter
Zinwa financial rot exposed
An external audit conducted by Grant Thornton has raised serious concerns about the financial management at the Zimbabwe National Water Authority (Zinwa), revealing significant irregularities in its r...Published: 14 Dec 2024 at 12:35hrs | 2150 | by Staff reporter
Biti criticizes Zimbabwe's economic policies
Former finance minister Tendai Biti has strongly criticized the economic policies under the current administration, describing them as "fictitious" and blaming them for Zimbabwe's ongoing de-industria...Published: 14 Dec 2024 at 12:34hrs | 510 | 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
Minister Mthuli's Anaconda Choke on the Informal Sector Marks the End of Zanu PF Rule
Zimbabwe's Minister of Finance, Mthuli Ncube, has taken drastic measures to clamp down on the informal sector, a move being described as an "anaconda chok...Published: 13 Dec 2024 at 19:15hrs | 1791 | by Kindred Sibanda
RBZ deputy governor says Zimbabwe banking sector is resilient, stable
Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Innocent Matshe, has highlighted the continued resilience and stability of the country's banking sector, despite facing challenges such as liquidity iss...Published: 13 Dec 2024 at 09:36hrs | 85 | 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
NatFoods bemoans limited ZWG acceptability
Zimbabwe's listed food manufacturer, National Foods (NatFoods), has expressed concern over the limited acceptability of the Zimbabwe Gold (ZWG) as a medium for sourcing raw materials, highlighting the...Published: 10 Dec 2024 at 07:09hrs | 723 | 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
Zimbabwe consortium seeks US$3 billion for power transmission project
The Intensive Energy User Group (IEUG), a local power consortium, is calling for over US$3 billion in investment over the next five years to enhance transmission infrastructure and address power imbal...Published: 09 Dec 2024 at 06:58hrs | 666 | by Staff reporter
Major crackdown on smuggling launched
A multi-agency operation targeting small businesses and cross-border transporters involved in smuggling and unethical practices has led to the impounding of dozens of vehicles, including buses and hau...Published: 08 Dec 2024 at 09:49hrs | 148 | by Staff reporter
Zimbabwe strengthens push for rice self-sufficiency
Zimbabwe is set to significantly boost its rice production, with a projected output of over 2,000 tonnes for the 2024/2025 farming season. This marks a remarkable recovery from the 73.5 tonnes produce...Published: 08 Dec 2024 at 09:47hrs | 73 | by Staff reporter
Kikky Badass ordered to pay US$18,000 in defamation case
Hip hop artist and video vixen Christabel Stembeni Kikky Badass Mahlungwa has been ordered to pay US$18,000 in defamation damages to prominent Masvingo lawyer Rodney Saratoga Makausi following a lawsu...Published: 07 Dec 2024 at 12:12hrs | 1130 | 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
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