Search / Economic downturn
Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 191 | by Brighton Musonza
Zimbabwe govt workers moonlight as street vendors
Every morning, Dumisani Ngara* gets up at dawn to catch a 6:30am bus to work at Zimbabwe's Ministry of National Housing and Social Amenities. The government-provided bus is free for civil servants in ...Published: 28 Mar 2025 at 12:41hrs | 1127 | by Staff reporter
Chamisa decries Zimbabwe's brain drain, calls for leadership reform
Former opposition Citizens Coalition for Change (CCC) leader Nelson Chamisa has raised alarm over Zimbabwe's worsening brain drain, revealing that he receives daily calls from professionals seeking to...Published: 17 Mar 2025 at 11:05hrs | 589 | by Staff reporter
'Mnangagwa's haemorrhaging economy scares professionals,' Chamisa
Former Citizens Coalition for Change leader, Advocate Nelson Chamisa decries the economic downturn driven from Emmerson Mnangagwa's maladministration and selfishness in presiding over the country's af...Published: 16 Mar 2025 at 10:40hrs | 1926 | by Gideon Madzikatidze
Venders4ED now crocodile's prey
In every election, the ruling party has taken advantage of the gullible and used vendors to attain its political objectives. Several times during elections, vendors are provided locations to conduct t...Published: 13 Mar 2025 at 16:38hrs | 986 | by Leonard Koni
ED2030 Brigade pushes for Mnangagwa's extended
The ED2030 brigade took its campaign to Bulawayo on National Youth Day last Friday, where supporters sang "2030 ndeya Emmerson," reinforcing a push for President Emmerson Mnangagwa to extend his tenur...Published: 24 Feb 2025 at 09:01hrs | 762 | by Staff reporter
Zimbabwe's retail sector faces crisis
Zimbabwe's retail sector is in crisis, with more than 1,000 jobs lost so far this year due to an escalating economic downturn, as several key players signal their intention to exit the market. Regiona...Published: 06 Feb 2025 at 09:11hrs | 1563 | by Staff reporter
Redcliff residents betrayed by their local authority's unbridled greed and mismanagement
I recently received some most troubling news from a reliable informant within the Municipality of Redcliff.According to the information, the local authority has allegedly decided to award its ...Published: 31 Jan 2025 at 16:04hrs | 357 | by Tendai Ruben Mbofana
Zimbabwe economy implodes
Analysts and opposition political parties have raised alarm over a surge in job losses as companies downsize or shut down due to the prevailing tough economic environment in Zimbabwe. The formal retai...Published: 29 Jan 2025 at 08:49hrs | 1355 | by Staff reporter
Zimbabweans brave flooded perilous Limpopo river
Desperate times continue to drive Zimbabweans into life-threatening risks as they attempt to escape the country's prolonged political, economic, and social crisis. Many are risking their lives crossin...Published: 18 Jan 2025 at 06:46hrs | 870 | by Staff reportetr
Zimbabwe's unemployment rate goes up
ZIMBABWE'S national unemployment rate has slightly moved by 1,3% to 890 161 compared to 850 326 recorded in the first quarter as the country's economic downturn shows no signs of abating, latest Zimba...Published: 07 Nov 2024 at 07:15hrs | 466 | by Staff reporter
RBZ predicts further Zimbabwe economic downturn
The Reserve Bank of Zimbabwe (RBZ) has revised its 2024 economic growth forecast down to 2%, citing the severe drought's impact on economic activity. This is a sharp decline from earlier estim...Published: 06 Sep 2024 at 14:42hrs | 2589 | by Staff reporter
Benefits of devolution in Matabeleland, Zimbabwe
In recent years, Zimbabwe has seen significant political and administrative shifts, one of which is the introduction of devolution. Devolution refers to the decentralization of power from a central go...Published: 05 Sep 2024 at 08:19hrs | 282 | by Staff reporter
Building a formidable business amid economic downturns
Businesses face declines in sales and profits during economic downturns. While some businesses during this period fail, some do not only thrive but instead become more formidable. Many of the ...Published: 29 Aug 2024 at 16:01hrs | 175 | by Staff Reporter
The State of Zimbabwe's Education System and the Need for Industrial Placements for Unexperienced Lecturers
Education is often heralded as the cornerstone of national development, a tool that empowers individuals, fosters innovation, and drives economic growth. In Zimbabwe, a nation with a rich history of e...Published: 13 Aug 2024 at 21:35hrs | 181 | by Jacob Kudzayi Mutisi
Zimbabwe power crisis grounds industries
In Zimbabwe, recent rolling blackouts have severely impacted key industries, raising concerns about potential economic downturns and job losses. Kurai Matsheza, president of the Confederation of Zimba...Published: 30 Jun 2024 at 18:32hrs | 2 | by Staff reporter
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 99 | by Dr Bekithemba Mpofu
Fidelity Gold Refinery gold supply zero-rating policy shows promise
The zero-rating of gold deliveries to Fidelity Gold Refinery (FGR) has started bearing fruits as the local currency, the Zimbabwe Gold (ZiG) continues to strengthen while gold miners have been allevia...Published: 18 Jun 2024 at 17:17hrs | 85 | by Tonderai Ndoro
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 24 | by Dr Bekithemba Mpofu
Zimbabwe celebrates independence amid doom
WHEN visiting some towns, urban and rural areas across the country one is greeted by sullen and dropping faces with sorrow and hunger written all over their faces.In a few days to come Zimbabw...Published: 16 Apr 2024 at 18:03hrs | 4 | by Leonard Koni
44 years into independence a giant is still facing economic collapse
Visiting some towns, urban and rural areas across the country one is greeted by sullen and dropping faces with sorrow and hunger written all over their faces.In a few days to come Zimbabwe wil...Published: 13 Apr 2024 at 16:40hrs | | by Leonard Koni
'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 | 2 | by Staff reporter
Zimbabwe Communist Party elections observer report for 2023 elections
OBSERVATIONS ON THE 2023 GENERAL ELECTIONGeneralFirstly, as Communists, we do not confuse democracy with voting.The word ‘democracy' is derived from Greek and means ‘rule by the pe...Published: 04 Sep 2023 at 06:34hrs | 3 | by Central Committee of the Zimbabwe Communist Party
The Complex Dynamics of ZANU-PF Support in Zimbabwe: Exploring Economic Factors and Historical Context
The political landscape in Zimbabwe has been shaped by a myriad of factors, with the Zimbabwe African National Union-Patriotic Front (ZANU-PF) emerging as a dominant political force. Despite a mix of ...Published: 22 Aug 2023 at 22:19hrs | 34 | by Tshingwane Sibanda
Zimbabwe braces for historic Mayweather visit
DURING a visit to Nigeria on May 9, 2022, American boxing icon Floyd "Money" Mayweather announced his grand plan to promote the sport in Africa.It was a historic trip, as the retired boxer rar...Published: 09 Jul 2023 at 10:27hrs | 18 | by Staff reporter
Zimbabwe is heading towards economic armageddon, says America's Steve Hanke
Steve Hanke, a Professor of Applied Economics at The Johns Hopkins University in Baltimore, USA, has predicted a catastrophic downfall of the Zimbabwean economy describing its trajectory as "heading t...Published: 13 Jun 2023 at 14:29hrs | 2 | by Staff reporter
ZB moves to lay off excess staff
ZB Financial Holdings Limited (ZBFHL) will be shedding some of its staff via a recently completed voluntary disengagement scheme, after reporting a rise in staffing costs of over 100% last year....Published: 30 May 2023 at 06:46hrs | 1 | by Staff reporter
Mnangagwa claims that Zimbabwe is on cusp of construction boom
Zimbabwe has embarked on a major construction drive that is now evident in the housing boom the country is experiencing in residential and non-residential infrastructure, both in rural and urban space...Published: 05 Mar 2023 at 06:18hrs | 1 | by Staff reporter
ANC does not support idea of regime change in Zimbabwe
Moments after being announced as incoming secretary-general of the ruling African National Congress (ANC), Fikile Mbalula said his party would intensify assisting neighbouring Zimbabwe to recover from...Published: 21 Dec 2022 at 20:08hrs | | by Staff reporter
Zimbabwe govt pays US$50,28m to service external debt
TREASURY paid out US$50,28 million between January and September this year towards servicing its active debt portfolio while token payments were also made for debt arrears owed to International Financ...Published: 29 Nov 2022 at 05:15hrs | | by Staff reporter
Why army was deployed in oil-drilling precincts of the Zambezi Valley
FEARS of a Mozambican Cabo Delgado-style Islamic insurgency in the northern Zambezi Valley where the Zimbabwean government and an Australian Securities Exchange-listed Invictus Energy are engaged in o...Published: 27 Nov 2022 at 14:59hrs | 5 | by Staff reporter
Will he really 'face down' China?
The UK has a new prime minister… Today's world news is evidently dominated by a variety of interesting and illuminating stories, expectations, theories, debates and analyses about Mr. ...Published: 29 Oct 2022 at 11:25hrs | 2 | by Ndaba Sibanda
Hunger stalks Zimbabwe army barracks
MORALE has reportedly hit rock-bottom in the army as the country's soldiers wallow in poverty and are having to make do with inadequate rations and uniforms, NewsDay can report.This was reveal...Published: 25 Oct 2022 at 06:08hrs | 9 | by Staff reporter
Kenya linked Rishi Sunak to become UK prime minister
Rishi Sunak will become Britain's next prime minister after he won the race on Monday to lead the Conservative Party, tasked with steering a deeply divided country through an economic downturn set to ...Published: 24 Oct 2022 at 17:56hrs | 2 | by Staff reporter
Chinese firms brandish US$ salaries in crisis-hit Zimbabwe
CHINA's 80 biggest firms with a footprint in Zimbabwe said at the weekend that they were ready to pay United States dollar-indexed salaries for skilled workers and professionals.This emerged d...Published: 19 Oct 2022 at 06:02hrs | 1 | by Staff reporter
Chamisa's former ally in sensational Zimbabwe sanctions claim
THE Citizens' Coalition for Change (CCC) has blasted former Masvingo Urban legislator, Tongai Matutu, arguing his unfounded and preposterous claims that the then vibrant Movement for Democratic Change...Published: 16 Oct 2022 at 19:24hrs | | by Staff reporter
Where is Generation Z age group born 2000-2004? The missing '1.5 million voters'
More than 1.5 million people turn18 since the last general election, and these youngest eligible Generation Z (Gen Z), Gen Zers or Zoomers form a diverse, active, and potentially decisive voting bloc ...Published: 02 Sep 2022 at 06:48hrs | 6 | by Farai Chirimumimba
'Chamisa could defeat the unreformed Mnangagwa'
ZIMBABWE has been reeling under a multifaceted economic and political crisis since 2000, and it appears there is no end in sight. Amid chronic high inflation, Zimbabwe is confronted with a crucial gen...Published: 12 Jul 2022 at 18:17hrs | 4 | by Staff reporter
Zimbabwe's shutdowns not the best protest strategy
WORSENING economic conditions, coupled with growing unemployment as most Zimbabweans struggle to eke out a living in the informal sector are among the major reasons why this week's shutdown flopped....Published: 14 May 2022 at 19:42hrs | 14 | by Staff reporter
'Zimbabwe political violence poses risk to region,' says American firm
An American research firm Fitch Solutions has said Zimbabwe poses political and economic risks in southern Africa ahead of the 2023 general elections.The report, produced in December 2021, sta...Published: 10 Mar 2022 at 06:07hrs | 2 | by Staff reporter
Mugabe's education revolution collapses
ZIMBABWE'S education system, a source of pride for citizens and envy of many across the continent under the late former President Robert Mugabe, is now on a downward spiral seeking urgent intervention...Published: 25 Feb 2022 at 07:42hrs | 2 | by Staff reporter
Zimbabwe envoy engages SA over migrant attacks
Zimbabwe's Ambassador to South Africa, Mr David Hamadziripi yesterday said the embassy has started engaging the host government to improve the safety and security of migrants who are facing attacks by...Published: 22 Jan 2022 at 05:22hrs | 1 | by Staff reporter
Bulawayo firm makes graders
A BULAWAYO company is manufacturing graders that will help in import substitution as Government rolls out the Emergency Road Rehabilitation Programme Phase 2 (ERRP2).The company is seeking Gov...Published: 13 Dec 2021 at 07:01hrs | 11 | by Staff reporter
Why does the gambling industry boom in times of economic hardship?
There is no doubt that recent times have been tough economically for many countries around the globe. While some nations might have been facing hard times anyway, Covid-19 has really put a spanner in ...Published: 11 Oct 2021 at 14:01hrs | 19 | by Staff Writer
Biti - Mthuli Ncube to lock horns over IMF funding
MDC Vice President Tendai Biti and the Minister of Finance Mthuli Ncube are expected to participate in a heated economics debate on Tuesday organized by the Zimbabwe Economics Society under the theme:...Published: 07 Sep 2021 at 12:09hrs | 16 | by Mandla Ndlovu
Malema refuses to reject Zimbabwean linked Johannesburg mayor
South Africa's firebrand opposition politician Julius Malema has refused to be canvassed to reject Johannesburg's new mayor - whose father was an immigrant from Zimbabwe.Jolidee Matongo was el...Published: 12 Aug 2021 at 07:52hrs | 1 | by Staff reporter
Son of a Zimbabwean immigrant who is Joburg mayor defended after xenophobic attacks
Johannesburg's new mayor - whose father was an immigrant from Zimbabwe - was described as "capable and fit" on Wednesday after anti-immigration activists criticised his election.Jolidee Matong...Published: 11 Aug 2021 at 21:30hrs | 4 | by Staff reporter
Graft rife in govt, says Zacc
THE Zimbabwe Anti-Corruption Commission (Zacc) yesterday exposed massive looting by senior government officials and parastatal bosses, accusing line ministries tasked with playing an oversight role of...Published: 06 Aug 2021 at 08:10hrs | 2 | by Staff reporter
'Mthuli Ncube's strategy will help him avoid fresh borrowings'
THE global economy contracted 4,3% in 2020 against a background of the United States-China trade war, Brexit and the unprecedented Covid-19 pandemic, which saw countries imposing strict lockdowns that...Published: 01 Aug 2021 at 06:45hrs | 1 | by Inter HorIzon Securities
Hwange Power Station expansion 65% complete
The major expansion of Hwange Thermal Power Station by the addition of units 7 and 8, each of 300MW, is now 64,63 percent complete despite Covid-19 amid finance challenges that have pushed back comple...Published: 19 May 2021 at 06:28hrs | 2 | by Staff reporter
Load More Stories
