Search / Economics
Management shake up at RBZ
The Reserve Bank of Zimbabwe (RBZ) is initiating a significant remodelling of its management structure as newly appointed Governor John Mushayavanhu aims to assemble a capable team to address the coun...Published: 01 Nov 2024 at 06:48hrs | 2440 | by Staff reporter
'Sovereignty ego maintaining Zimbabwe's ailing ZiG'
Zimbabwe is facing a profound economic crisis largely rooted in its insistence on maintaining currency sovereignty, even as the nation clings to a failing local currency, experts warn. Nkanyezi Ndlovu...Published: 30 Oct 2024 at 10:36hrs | 888 | by Staff reporter
Devaluation fails to halt ZiG free-fall
Zimbabwe's new local currency, the Zimbabwe Gold (ZiG), has taken another hit, losing an additional 11% of its value in under a month following a substantial 43% "devaluation" announced by monetary au...Published: 29 Oct 2024 at 13:49hrs | 4487 | by Staff reporter
Mnangagwa caps 2,394 graduands in Bindura
President Emmerson Mnangagwa, Chancellor of all state universities, presided over Bindura University of Science Education's (BUSE) 23rd graduation ceremony yesterday, capping a total of 2,394 graduate...Published: 19 Oct 2024 at 12:05hrs | 85 | by Staff reporter
Tafadzwa Bandama appointed new Director-General of Zimstat
Local economist Tafadzwa Bandama has been appointed the new Director-General of the Zimbabwe National Statistics Agency (Zimstat), the country's primary statistics agency. This appointment follows the...Published: 18 Oct 2024 at 10:34hrs | 338 | by Staff reporter
Mnangagwa, central bank deliver damp squibs
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has come under heavy criticism from leading economists, who say it lacked concrete solutions to arrest the nation's spiraling e...Published: 11 Oct 2024 at 18:33hrs | 1319 | by Staff reporter
Zimbabwe government's continued web of lies on ZiG gold-backing exposed!
Yesterday's statement, in a ZBC interview, by Reserve Bank of Zimbabwe Governor John Mushayavanhu has sparked confusion regarding the country's new currency, the Zimbabwean Gold (ZiG). The gov...Published: 11 Oct 2024 at 08:32hrs | 2289 | by Tendai Ruben Mbofana
Russia offers free language lessons in Zimbabwe
Russia has introduced in-person Russian language and culture lessons in Zimbabwe as part of its efforts to strengthen ties between the two nations. The free lessons are now being offered at the Univer...Published: 04 Oct 2024 at 08:29hrs | 2712 | by Staff reporter
Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 621 | by Staff reporter
'Zimbabwe's feja-feja economics not working'
Major retail shops in Zimbabwe adjusted their exchange rates to ZiG30 per dollar yesterday as the local currency continued to falter, a day after President Emmerson Mnangagwa accused economic "saboteu...Published: 27 Sep 2024 at 08:26hrs | 284 | by Staff reporter
China mining firms partner with Zimbabwe on lithium mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.The two firms...Published: 26 Sep 2024 at 13:56hrs | 242 | by Staff reporter
Zimbabwe ranks top on misgovernance
Zimbabwe has been highlighted for all the wrong reasons, with three research think-tanks ranking the country as the worst in governance, corruption, and human rights violations. A recent report by Wor...Published: 20 Sep 2024 at 08:01hrs | 206 | by Staff reporter
William Ruto visits Germany: German press rebukes his claims about labour contracts.
It does not matter how one looks at this story; it is not only shameful to Kenya: it must shame all Africans equally. Recently, President Willian Ruto was on a state visit to Germany, and was proud to...Published: 17 Sep 2024 at 22:06hrs | 790 | by Nomazulu Thata
Gwanda Magistrates' Court requires US$3.84 million funding boost
The completion of the new Gwanda Magistrates' Court Complex, which will house Zimbabwe's sixth High Court, requires a further US$3.84 million to reach completion, according to a senior government offi...Published: 17 Sep 2024 at 06:31hrs | 106 | by Staff reporter
UZ churns out first Education 5.0 graduates
President Mnangagwa, in his capacity as Chancellor of all State universities, presided over a landmark event at the University of Zimbabwe (UZ) yesterday, capping a record 6,778 graduates. This cohort...Published: 14 Sep 2024 at 12:06hrs | 120 | by Staff reporter
Ntando van Moyo gig
Finally, it's happening!After disappointing fans with a postponed event, renowned comedian Ntando Van Moyo (pictured) is poised to make a grand comeback with a solo performance on 28 September...Published: 06 Sep 2024 at 07:59hrs | 147 | by Staff reporter
HIV and AIDS remain the leading causes of death in Zimbabwe
HIV and AIDS remain the leading causes of death in Zimbabwe, accounting for over 25% of all fatalities.Speaking at the 15th Annual Conference of the Association of Healthcare Funders of Zimbab...Published: 05 Sep 2024 at 12:35hrs | 561 | by Staff reporter
'Go no further,'.. Muzorewa tells Chamisa
The opposition United African National Council (UANC) party leader, Gwinyai Muzorewa has this Friday urged former Citizens for Coalition Change leader, Nelson Chamisa to swallow his pride and accept t...Published: 24 Aug 2024 at 17:21hrs | 2799 | by Gideon Madzikatidze
Zimbabwe treasury defends transit fuel tax
THE new import duty for fuel tankers in transit, paid on entry and refunded on exit, was necessary to curb the abuse of the electronic cargo tracking system, the Permanent Secretary for Finance, Econo...Published: 22 Aug 2024 at 06:28hrs | 238 | by Staff reporter
Pioneering progress amid resource constraints in African radiology and oncology
Experts are concerned about resource limits and insufficient radiology skills and services in Africa, particularly for cancer detection and treatment. As the continent grapples with the rising burden ...Published: 15 Aug 2024 at 07:41hrs | 141 | by Agencies
Fintechs fly planes of cash into Zimbabwe
At least once a month - and sometimes as often as three times a week - a private plane lands in a secure part of Robert Gabriel Mugabe International Airport on the outskirts of the Zimbabwean capital,...Published: 17 Jul 2024 at 17:11hrs | 6712 | by Staff reporter
Cyril Ramaphosa's 'plot' to kill the ANC
SOME senior ANC leaders have accused President Cyril Ramaphosa of working with external parties to collapse the governing party and replace it with a centre-right coalition led by him after the 2024 g...Published: 17 Jul 2024 at 09:09hrs | 1719 | by Staff reporter
Rwanda donates 1 000t maize to Zimbabwe
Rwanda has donated 1,000 tonnes of maize to Zimbabwe to aid in its fight against the El Nino-induced drought, as announced by Zimbabwe's Foreign Affairs and International Trade Minister, Ambassador Fr...Published: 12 Jul 2024 at 08:11hrs | 9 | by Staff reporter
Zimbabwe's political crisis has dragged on for too long
The phrase "political economy" has entered the dictionary of the World Bank and other development organizations around the world.Academic interest in the components of the political economy of...Published: 01 Jul 2024 at 11:35hrs | 24 | by Evans Mathanda
Public service job fair a crowd puller
Hundreds of graduates converged at the Zimbabwe International Exhibition Centre in Bulawayo for a two-day job fair organized by the Public Service Commission (PSC). The event aimed to establish a nati...Published: 27 Jun 2024 at 06:49hrs | 5 | by Staff reporter
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over...Published: 26 Jun 2024 at 20:56hrs | 3 | by Tendai Ruben Mbofana
Chivayo and Russia: Lessons from South Africa
Among those Zimbabweans observing the elections in South Africa was Owen Chikukwa in Cape Town.The loss of power by the African National Congress can easily be explained. Brother Owen put it s...Published: 23 Jun 2024 at 10:46hrs | 11 | by Kenneth Mufuka
South African GNU and Zimbabwe economy
GNU as portfolio controlThis week, South Africa's President Cyril Ramaphosa was inaugurated for his second and last term in office under the current Constitution.What is now awaited is...Published: 22 Jun 2024 at 11:28hrs | 3 | by @Jamwanda2 on Saturday
White-led DA party seal South Africa unity pact with ANC
The African National Congress and its largest rival, the white-led, pro-business Democratic Alliance, agreed on Friday to work together in South Africa's new government of national unity, a step chang...Published: 15 Jun 2024 at 13:32hrs | 2 | by Staff reporter
Zimbabwe CIO's business network
Zimbabwe's Central Intelligence Organisation (CIO) likely has a secret stream of money, The Sentry has found. Publicly availa...Published: 10 Jun 2024 at 17:53hrs | 51 | by Staff reporter
Zimbabwe applies for ISO code for ZiG
The Reserve Bank of Zimbabwe (RBZ) is actively pursuing an International Organisation for Standardisation (ISO) code for the Zimbabwe Gold (ZiG), signaling its intention to establish ZiG as an indepen...Published: 22 May 2024 at 10:14hrs | 13 | by Staff reporter
South Africa's cash-in-transit workers threaten to go on strike
A strike in the cash-in-transit (CIT) sector could see South Africa's automated teller machines running dry.That's the prospect if the Commission for Conciliation, Mediation and Arbitration gr...Published: 20 May 2024 at 08:38hrs | 2 | by Staff reporter
African countries assisted South African independence; payback is Xenophobic actions: blacks on blacks' violence
I quote from Byo24: Former ANC MP and Abantu Batho Congress Councilor in eThekwini, Makhosi Khoza, says South African natives have been shortchanged. Close quote. This is a statement that could cause ...Published: 14 Apr 2024 at 18:55hrs | 15 | by Nomazulu Thata
US economist mocks Zimbabwe's new currency
United States economist Steve Hanke has derided Zimbabwe's latest currency introduction, the ZiG, asserting that the country's monetary policies resemble a merry-go-round. The ZiG, purportedly backed ...Published: 11 Apr 2024 at 08:50hrs | | by Staff reporter
Zimbabwe's new ZiG spins markets into trading disruptions and uncertainty
Zimbabwe's newly introduced ZiG currency is causing market disruptions and transaction bottlenecks despite central bank assurances that it is backed by gold and foreign currency reserves, amid sceptic...Published: 09 Apr 2024 at 06:24hrs | | by Staff reporter
Zimbabwe worst governed country in Sadc
ZIMBABWE has been ranked as one of the worst governed countries in southern Africa by World Economics, a respected economic research institute based in the United Kingdom.The country is also i...Published: 08 Apr 2024 at 10:45hrs | 1 | by Staff reporter
Government up to its usual shenanigans, again
In the latest act of the ongoing drama which I dub "Governmental Promises: A Comedy of Errors," our esteemed government has once again shocked and dismayed the nation with their predictable flair for ...Published: 07 Apr 2024 at 21:40hrs | | by Kumbirai Thierry Nhamo
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 17 | by Staff reporter
Zimbabwe currency crisis: Time to face the truth
THERE is, of course, no such thing as "a shortage of foreign currency".In open and disciplined markets, all that such a claim reflects is an over-valued local currency, whose managers resist t...Published: 07 Apr 2024 at 10:26hrs | 1 | by Obert Nyandoro
New Zimbabwe central bank boss talks tough
RESERVE Bank of Zimbabwe (RBZ) governor John Mushayavanhu on Friday declared that he will protect the central bank from external forces to maintain its independence.But analysts were quick to ...Published: 07 Apr 2024 at 10:23hrs | | by Staff reporter
Zimbabwe's new currency greeted with pessimism
The new currency introduced by the Reserve Bank of Zimbabwe (RBZ) on Friday has been branded old wine in new bottles by economists and financial experts who doubt that it will stand the test of time....Published: 07 Apr 2024 at 10:18hrs | 1 | by Mthandazo Nyoni
Mnangagwa's foot in the mouth again
PRESIDENT Emmerson Mnangagwa has an uncanny ability to frequently put his foot in the mouth, sometimes without harm but his recent episode on structured currency has left a trail of economic disaster....Published: 07 Apr 2024 at 10:11hrs | 6 | by Paidamoyo Muzulu
Service providers stop trading in Zimdollars
A MAJORITY of service providers and shops in the country were yesterday rejecting payments in local currency arguing that they were migrating to the new Zimbabwe Gold (ZiG) currency in a development t...Published: 07 Apr 2024 at 10:07hrs | 1 | by Staff reporter
Ndebeles will never be good enough for the rabid tribalists
Being born into a Ndebele, Kalanga or Sotho family in Zimbabwe can be a bewildering, challenging and frustrating affair. If you were born in Bulilima, Matabeleland South, like Joshua Mqabuko Nyongolo ...Published: 31 Mar 2024 at 08:15hrs | 6 | by Tafiranyika @tafimhaka
Who is protecting Henrieta Rushwaya?
Zimbabwe is in a state of disaster where the leaders are caught in a web of corruption, putting the young people and the next generation into a hopeless future of wallowing in abject poverty wit...Published: 25 Mar 2024 at 20:21hrs | 9 | by Leonard Koni
Cattle destocking frenzy in motion
A cattle destocking frenzy is in motion with a number of abattoirs getting an overwhelming supply of cattle, resulting in some suspending slaughtering as farmers have started laying off stock in...Published: 24 Mar 2024 at 14:58hrs | 16 | by Staff reporter
Mr Kudzai Mutisi, the German 'Economic wonder' after the WW2 had multiple favourable factors!
I am writing this article as a reply to your article you wrote last week: My article is not in any way or form critiquing your own but including factors that must be known, but, however, adding to wha...Published: 20 Mar 2024 at 20:53hrs | 1 | by Nomazulu Thata
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 | 9 | by Staff reporter
Germany solution - A Path to Zimbabwe's Economic Revival
Zimbabwe's government is currently grappling with significant economic challenges, including destroyed infrastructure, reduced food production, high unemployment rates, and shortages of basic goods. T...Published: 13 Mar 2024 at 10:26hrs | 5 | by Engineer Jacob Kudzayi Mutisi
Southern Africa just had its driest February on record
A swathe of Southern Africa suffered the driest February in decades that wiped out crops, precipitated power shortages and threatened to send already high food prices surging further.Last mont...Published: 11 Mar 2024 at 17:10hrs | 3 | by Staff reporter
Load More Stories
