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Where is Zimbabwe getting it wrong
Since the fall of Mugabe in November 2017 the Zimbabwean economy has been struggling. While much of the blame for the economic problems that the country is facing is directed at the Mnangagwa gov...Published: 24 Apr 2019 at 19:14hrs | 5924 | by Dr Masimba Mavaza
Zimbabwean man advising governments and oil companies
Growing up in central Africa in the '50s and '60s gave Duncan Clarke an early appreciation of his surroundings and the wider environment – but very little indication of the significance the oil ind...Published: 24 Apr 2019 at 06:03hrs | 3204 | by geoexpro
Of market forces and price hikes
Not too long ago, three months ago in fact, fuel in Zimbabwe was cheaper than bottled water and flights from the country were some of the cheapest around. This was thanks to a fixed exchange rate that...Published: 23 Apr 2019 at 07:13hrs | 474 | by newZWire
Minister fouls Mnangagwa's plans fouled by Owen Ncube
ZIMBABWE's efforts to attract much-needed investment are being undermined by a fatal combination of executive folly and policy inconsistencies - that have seen international investors being warned aga...Published: 22 Apr 2019 at 17:14hrs | 4107 | by Staff reporter
Where is Mnangagwa taking us to?
I DROVE up the window of the tollgate and the man on duty asked me: "Eddie, where are we going?" He was not asking what my destination was, but where did I think the country was going.Last nig...Published: 22 Apr 2019 at 08:40hrs | 8621 | by Eddie Cross
RTGS$ plunges
Zimbabwe is nearing the much dreaded economic horrors of 2008 punctuated by hyperinflation, widespread shortages of foreign currency and fuel coupled with a spike in prices of everything, including st...Published: 21 Apr 2019 at 08:55hrs | 6219 | by Staff reporter
Anti-sanctions crusade heats up
The push for the United States government and the European Union (EU) bloc to remove the two-decade-old sanctions imposed on Zimbabwe is beginning to snowball with international organisations adding a...Published: 21 Apr 2019 at 08:10hrs | 342 | by Staff reporter
Strive Masiyiwa tells Zimbabwe to price all goods in South African rand
Billionaire telecoms tycoon Strive Masiyiwa says Zimbabwe could achieve price stability if all goods were priced in the South African rand, and the country could do this "overnight".Masiyiwa, ...Published: 19 Apr 2019 at 10:48hrs | 6588 | by ZimLive
'Price control is the way to go' - Zanu PF rigged elections only to impose voodoo economic policy
"For a country that has no currency of its own, no competitive industry and no jobs, price control is the way to go in order to protect the poor." said Deputy Minister of Information, Energy Mutodi. "...Published: 18 Apr 2019 at 18:23hrs | 1883 | by Patrick Guramatunhu
'RTGS$ is not a currency' says Minister
Deputy Government Spokesperson Energy Mutodi has confirmed a long standing asserting by Zimbabweans that the country does not have a currency and the recently introduced RTGS$ by the Reserve bank of Z...Published: 18 Apr 2019 at 09:22hrs | 6733 | by Mandla Ndlovu
Zimbabwe marks 39th Independence Day amid economic crises
Thousands of people will gather today to watch a military-civilian parade in the capital, Harare, as Zimbabwe marks the 39th anniversary of its independence from Britain.Thousands of people ar...Published: 18 Apr 2019 at 07:19hrs | 381 | by Staff reporter
Meat shortages loom
ZIMBABWE'S livestock industry is under strain and shortages of pork, chicken and beef are imminent after the price of feed shot up following the removal of grain subsidies by government, an industry o...Published: 18 Apr 2019 at 07:09hrs | 598 | by Staff reporter
Zimbabwe needs a weak currency to stimulate production, exports
Shortly after the government was sworn in August 2018, they agreed to an economic and monetary reform programme. Since then, much of this ambitious plan has been implemented and the consequences have ...Published: 17 Apr 2019 at 07:15hrs | 1213 | by Eddie Cross
Price hikes thwart salary increase relief
Janet Ncube*, a nurse who like all civil servants received a 29% salary increment on Monday, got angry when she woke up to the news of an effective 94% price increase for bread only a day later....Published: 16 Apr 2019 at 18:38hrs | 3315 | by James Thompson
Failure to deal with currency crisis proving costly for dictators
For autocratic leaders seeking lessons from the toppling of Sudanese President Omar al-Bashir, avoiding a currency crisis may be key to survival.It's the same problem that ravaged long-standin...Published: 16 Apr 2019 at 06:54hrs | 479 | by Bloomberg
Mutsvangwa blames 'Queen Bee' for high fuel prices
Trafigura, the global commodities trader, is facing accusations that it used a partner's connections to Zanu-PF to gain an unfair advantage in the supply of fuel to the southern African nation.The...Published: 14 Apr 2019 at 10:12hrs | 5082 | by Joseph Cotterill and David Sheppard I Financial Times
Zimbabwe says US$ not good for economy
ZIMBABWE's continued use of the United States dollar is no longer sustainable for the economy as it hurts industry's competitiveness, a Cabinet minister has said.Industry and Commerce minister...Published: 14 Apr 2019 at 10:03hrs | 1489 | by Staff reporter
Currency chaos toppled Sudan's al-Bashir
FOR autocratic leaders seeking lessons from the toppling of Sudanese President Omar al-Bashir, avoiding a currency crisis may be the key to survival.It's the same problem that did for long-sta...Published: 13 Apr 2019 at 13:19hrs | 1381 | by Bloomberg
Mthuli Ncube lampooned over new currency plans
Finance minister Mthuli Ncube yesterday came under fire from economists who accused him of rushing to announce plans to re-introduce the Zimbabwe dollar before addressing factors which led to its coll...Published: 13 Apr 2019 at 13:17hrs | 2149 | by Staff reporter
Mnangagwa's anti-corruption campaign insincere
THE failure by President Emmerson Mnangagwa's government to tackle high-level corruption-which has contributed immensely to economic decay-has raised serious questions about his sincerity to fight the...Published: 12 Apr 2019 at 13:49hrs | 984 | by Staff reporter
Zimbabwe's fuel pipeline allegedly 'captured' by Trafigura
Trafigura, the global commodities trader, is facing accusations that it used a partner's connections to Zimbabwe's ruling party to gain an unfair advantage in the supply of fuel to the southern Africa...Published: 12 Apr 2019 at 07:13hrs | 1586 | by Joseph Cotterill and David Sheppard
'Regional trade will cure Zim fragile economy' WB proscribed - this is false medicine, I hate false medicine
"The increases in prices that we have witnessed since October last year will affect the growth rate for 2019. For 2018, in the first quarter the growth was real, but it was then disturbed by the last ...Published: 10 Apr 2019 at 19:30hrs | 849 | by Patrick Guramatunhu
Price hikes choke Zim growth prospects: World Bank
THE World Bank (WB) says the currently spiralling price increases in Zimbabwe will have a negative impact on the country's growth prospects.Earlier this year, the World Bank projected that Zim...Published: 10 Apr 2019 at 06:51hrs | 727 | by Staff reporter
Funding problems cripple ZimStat
THE Zimbabwe National Statistics Agency (ZimStat) says it is in dire need of millions of dollars in financial support to fund its surveys and cover other operational costs, businessdigest has learnt....Published: 06 Apr 2019 at 08:50hrs | 489 | by Staff reporter
'2 more years for austerity measures to start bearing fruit'
FINANCE Minister Mthuli Ncube says Zimbabweans shall have to wait for two years to start feeling any positive impact of his controversial austerity measures he introduced late last year."I thi...Published: 06 Apr 2019 at 07:58hrs | 1340 | by newzimbabwe
'Zimbabwe's cost of living jumps by 1,21% to $790,77'
THE cost of living as measured by the Consumer Council of Zimbabwe (CCZ) for the low income urban earner grew 1,21% to $790,77 in March based on the requirements for a family of six from $781,35 in Fe...Published: 05 Apr 2019 at 06:40hrs | 737 | by Staff reporter
Mthuli Ncube hammers businesses for linking prices to exchange rate
Finance Minister Mthuli Ncube on Wednesday accused local businesses of profiteering for linking price increases of basic goods to exchange rate movements of a new transitional currency.Since t...Published: 04 Apr 2019 at 11:15hrs | 5241 | by Reuters
Privatization is key to Zimbabwe's economic recovery plan
The microeconomic foundations of economies ensure that macroeconomic objectives are achieved. Stated differently, macroeconomic goals can only be achieved if there are robust institutions ensuring tha...Published: 04 Apr 2019 at 08:16hrs | 1236 | by Tinashe Eric Muzamhindo
Understanding the ZAMCO business model
There has been a lot of talk about the Zimbabwe Asset Management Company (Zamco) lately, particularly after the appearance of the Reserve Bank of Zimbabwe governor, John Mangudya, before the Parliamen...Published: 04 Apr 2019 at 07:02hrs | 508 | by Vince Musewe
Light is shining at the end of the Zimbabwe tunnel
Today Zimbabwe reminded me why I think this is such an amazing place to live. I woke just after 5am, outside it was crisp, dew on the grass and the birds just waking up with me – a pair of Robins se...Published: 03 Apr 2019 at 08:29hrs | 7060 | by Eddie Cross
US economist ranks Zimbabwe second most miserable country in the World
Are Zimbabweans truly miserable?“I have learned now that while those who speak about one's miseries usually hurt, ...Published: 02 Apr 2019 at 08:17hrs | 2005 | by Amenna Dayo
Zidera: Is Zimbabwe under sanctions or not?
Zimbabwe faces Zidera which was signed by US president George W. Bush into law in December 2001, allegedly to promote democracy and economic recovery in Zimbabwe.The question which arises of c...Published: 01 Apr 2019 at 12:20hrs | 1903 | by Colls Ndlovu
Bums to the wind
The Zimbabwean economist Tony Hawkins has urged President Mnangagwa to hold talks with the MDC leader Nelson Chamisa on the way forward for the country.Hawkins said: 'Ultimately the soluti...Published: 01 Apr 2019 at 07:35hrs | 1584 | by Zimbabwe Vigil Diary
Zimbabwe inflation seen dropping below 15% by December
The RESERVE Bank of Zimbabwe (RBZ) expects inflation to tumble significantly to less than 15% this December, indicating that threats of receding to hyperinflation were remote.Last month, infla...Published: 30 Mar 2019 at 17:42hrs | 498 | by Staff reporter
US poll says NO to Botswana plans to hunt and cull elephants
As the Botswana government rumbles towards the lifting of the ban on hunting its famous wildlife, an authoritative poll in the United States, from which the second greatest number of foreign tourists ...Published: 29 Mar 2019 at 08:58hrs | 1281 | by Don Pinnock
Prices of goods continue to go up
Prices of mostly basic commodities have significantly gone up over the past month, with analysts blaming it on exchange rate developments. A survey by the Daily News yesterday showed that prices of ba...Published: 28 Mar 2019 at 12:55hrs | 3231 | by Staff reporter
'US$45m traded on the interbank forex market over past 3 weeks'
THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says US$45 million has been traded over the past three weeks of the interbank forex market, a 25% increase in the average weekly trades compar...Published: 28 Mar 2019 at 07:24hrs | 965 | by Staff reporter
Zimbabwe internet service providers peg services in US$
ZIMBABWE's major internet service providers have pegged their broadband services in United States dollars in response to measures announced in the 2019 Monetary Policy Statement (MPS) presented in Feb...Published: 27 Mar 2019 at 22:49hrs | 899 | by Staff reporter
Solution to Zimbabwe's problems is political
Internationally acclaimed local economist Tony Hawkins says Zimbabwe's economic revival hinges on the building of consensus between the ruling Zanu-PF and the country's main opposition, the MDC....Published: 25 Mar 2019 at 07:17hrs | 1356 | by Staff reporter
Entrepreneurship is key for economic Development in Zimbabwe
We are all collectively linked to the survival misfortunes of this country. I must say, in one way or another we are all affected. We need to address economic challenges and solutions of this country....Published: 22 Mar 2019 at 21:56hrs | 324 | by Tinashe Eric Muzamhindo
Fixing Zimbabwe's broken reputation chain
The Economist Intelligence Unit's livability survey 2018, pitches Harare, in Zimbabwe, in the 10 least "livable" in the world out of the 140-city sample.Harare is ranked number 135, only eclip...Published: 22 Mar 2019 at 07:02hrs | 272 | by Staff reporter
'Interbank market won't be manipulated'
Mechanisms have been put in place to ensure that the foreign currency interbank market will not be manipulated, Finance and Economic Development Minister Professor Mthuli Ncube has said. This ...Published: 19 Mar 2019 at 06:25hrs | 337 | by Staff reporter
Price stability key to economic recovery
"A more efficient management system of scarce foreign exchange is key to price stabilisation and business growth."According to the "Transitional Stabilisation Programme" (TSP), the aspirations...Published: 18 Mar 2019 at 06:52hrs | 472 | by Vince Musewe
'Currency floating brings stability'
The recent decision by the monetary authorities to float the currency and let the value be determined by market forces, has generated some form of stability, a renowned economist John Robertson has sa...Published: 18 Mar 2019 at 06:34hrs | 3165 | by Staff reporter
Zimbabwe inflation rate surges to 59,4% in February
ZIMBABWE'S year-on-year inflation for February 2019 as measured by the all-items consumer price index (CPI)grew by 2,49 percentage points to 59,39% driven by food and non-alcoholic beverages, the Zimb...Published: 17 Mar 2019 at 08:47hrs | 382 | by Staff reporter
Why Zimbabwe is on the path to progress
Zimbabwe is on a journey of reform. Nobody ever said it wouldn't be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.The Tran...Published: 17 Mar 2019 at 08:45hrs | 560 | by Mthuli Ncube
Mnangagwa reveals childhood dreams
Imagine, aboard a plane and before take-off you hear a voice saying, "This is Captain Emmerson Dambudzo Mnangagwa speaking. We are ready for take-off. Our flight is going take approximately three hour...Published: 16 Mar 2019 at 05:08hrs | 1179 | by Staff reporter
Mangudya forecasts RTGS$ equilibrium with US dollar
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya forecasts an exchange rate equilibrium between the Real-Time Gross Settlement (RTGS) dollar and the United States dollar on the inter-bank trading...Published: 15 Mar 2019 at 17:17hrs | 6698 | by Staff reporter
Mnangagwa's PR bid a futile exercise, say analysts
THE decision by President Emmerson Mnangagwa's government to employ a public relations consultancy firm to lobby for the scrapping of United States sanctions is futile as the real solution lies in imp...Published: 15 Mar 2019 at 17:13hrs | 730 | by Staff reporter
Forcing countries to pay debt in currency it denies them - that's the US!
ONE thing for sure is that Zimbabwe is not short of real original thinking to counter the West's capture of some Zimbabwean minds.Because of donor funding, too many politicians (naturally more...Published: 15 Mar 2019 at 06:02hrs | 672 | by Conway Tutani
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