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Zimbabwe gazettes new limit on cash exports
The Government of Zimbabwe has introduced new regulations setting a maximum limit on the amount of cash that individuals can take out of the country without prior approval from the Reserve Bank of Zim...Published: 08 Oct 2024 at 19:43hrs | 2605 | by Staff reporter
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 56 | by Staff reporter
Businessman approaches High Court over magistrates ruling
Italian businessman Francisco Marconati has approached the High Court seeking a review of decisions made by two magistrates, arguing that they violated proper judicial procedures. Marconati, who owns ...Published: 14 Aug 2024 at 08:41hrs | 210 | by Staff reporter
Mnangagwa's Zanu-PF using sanctions as excuse for corruption
Moses Mzila Ndlovu says the Zanu-PF government is heavily profiting from corruption, with the elite externalising funds out of the country and investing them elsewhere rather than in social services, ...Published: 08 Mar 2024 at 07:31hrs | | by Staff reporter
ZACC and Zimra net 19 000 civil servants in corruption probe
The Zimbabwe Anti-Corruption Commission (ZACC), in collaboration with the Zimbabwe Revenue Authority (ZIMRA), is conducting investigations into approximately 19,000 cases of corruption involving civil...Published: 26 Oct 2023 at 14:37hrs | 1 | by Staff reporter
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | | by Victor Bhoroma
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 12 Apr 2022 at 16:50hrs | 2 | by Victor Bhoroma
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 01 Apr 2022 at 12:34hrs | 1 | by Victor Bhoroma
Pegged exchange rate unsustainable
Zimbabwe's export receipts for the first 9 months of 2021 jumped 38% to US$6.10 billion from US$4.43 billion realized in the same period in 2020. Notable improvements have been realized in internation...Published: 24 Nov 2021 at 10:37hrs | 9 | by Victor Bhoroma
Zimbabwe govt considers another currency
THE Government is weighing options of adopting cryptocurrency as a legal payment service and is consulting various stakeholders on the merits of the virtual currency.Speaking at a Computer Soc...Published: 07 Nov 2021 at 07:12hrs | 97 | by Staff reporter
Gain Cash and Carry employees speak out
Employees of the Bulawayo based Gain Cash and Carry have praised their employer for providing a safe working environment in the midst of the deadly COVID 19 pandemic. In an unsolicited intervi...Published: 14 Sep 2021 at 13:38hrs | 17 | by Mandla Ndlovu
Zimbabwe now in de-facto dollarization
The persistent price volatility in the economy has left producers and retailers in Zimbabwe with very limited options apart from indexing their products in the US Dollar or pegging their RTGS prices u...Published: 02 Jun 2019 at 21:06hrs | | by Victor Bhoroma
Can Zimbabwe manage to de-dollarize
The Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monitory Area (CMA), also refer...Published: 23 Apr 2019 at 15:18hrs | 8 | by Victor Bhoroma
Can currency reforms save the Zimbabwean economy?
There is no doubt that the unresolved currency issue lies at the heart of Zimbabwe's economic meltdown in the past 3 years and the price distortions in the local market. The origins of the currency cr...Published: 28 Jan 2019 at 16:46hrs | | by Victor Bhoroma
Can currency reforms save the Zimbabwean economy?
There is no doubt that the unresolved currency issue lies at the heart of Zimbabwe’s economic meltdown in the past 3 years and the price distortions in the local market. The origins of the currency ...Published: 21 Jan 2019 at 14:11hrs | 2 | by Victor Bhoroma
Emergency recovery measures to stop Zimbabwe economic free-fall
This article will be brief and straight to the point. There is no need to continue to pontificate on the political-economy of the country because we all know that after the 30th July elections the eco...Published: 23 Oct 2018 at 14:00hrs | | by Dr Tapiwa Mashakada
Deputy Minister demand evidence on $15 billion externalization
Deputy Minister of Home Affairs and Cultural Heritage Mike Madiro has demanded evidence to those who claim that some people were responsible for the externalization of $15 billion which former Preside...Published: 19 Oct 2018 at 09:20hrs | | by Stephen Jakes
Chinese deals, raw or fair for the Zimbabwean economy?
Given the recent developments in Zimbabwe and the African continent, it is worthy assessing how Chinese investments can affect the local economy going forward. Critical for Zimbabwe is how the country...Published: 17 Oct 2018 at 21:41hrs | 1 | by Victor Bhoroma
Impact of illicit financial flows on socio economic development
While the "Zimbabwe is open for business" mantra is good in attracting foreign investors the government of Zimbabwe need to step up efforts to curtail illicit financial flows (IFFs) by enforcing anti ...Published: 05 Jul 2018 at 15:04hrs | | by Davison Kaiyo
Impact of illicit financial flows on socio economic development
While the "Zimbabwe is open for business" mantra is good in attracting foreign investors the government of Zimbabwe need to step up efforts to curtail illicit financial flows (IFFs) by enforcing anti ...Published: 26 Jun 2018 at 07:04hrs | | by Davison Kaiyo
5 key economic policy matters that will trigger economic stability & growth in Zimbabwe
Over and above the need for political stability and sound macroeconomic management policies, business confidence is the single biggest determinant of economic growth in any country. Economics is a soc...Published: 01 Jun 2018 at 11:45hrs | | by Martin Majaji
Unpacking Zimbabwe's mining sector illicit financial flows
Soon after his inauguration the President of Zimbabwe Emmerson Mnangagwa announced that he has a list of individuals and corporates that has been externalizing money and assets and granted them a thre...Published: 31 May 2018 at 12:00hrs | | by Davison Kaiyo
Zimbabwean banks banned from trading in crypto currency
The Reserve Bank of Zimbabwe has, in the interest of public trust in the financial system, banned local banks from trading in crypto currency.The central bank issued local banks with a 60 days...Published: 12 May 2018 at 13:28hrs | | by Byo24News Reporter
Government must come clean on who externalised funds
President Mnangagwa promised to name and shame individuals who externalized funds. But the list unveiled today the 19th March is disappointing. Conspicuous by their absence are Zanu PF big wigs ...Published: 20 Mar 2018 at 20:29hrs | | by Dr. Tapiwa Mashakada
Thumbs up for recovering $600 million, Mr President
As the country moves on from political turmoil, so is the economy, and the recovery of externalized funds (USD $591, 1) million is a good starting point.President Emmerson Mnangagwa yesterday ...Published: 20 Mar 2018 at 14:13hrs | 1 | by Rufaro Gijima
Biti dismisses Mnangagwa's 'Mickey Mouse list'
Former Finance Minister and Harare lawyer Mr Tendai Biti has called President Emmerson's Mnangagwa's of companies and individuals who externalised funds and have not heeded the Mnangagwa's call ...Published: 19 Mar 2018 at 17:01hrs | 1 | by Staff reporter
Mnangagwa gets only $250 million from 'looters'
Mnangagwa says $250m has been repatriated to Zim under his externalization amnesty. A list of 'defaulters' to be published on 19 March.PRESS STATEMENT ON THE STATUS OF THE AMNESTY IN ...Published: 02 Mar 2018 at 14:16hrs | | by Staff reporter
Who ill-advised President Mnangagwa to go to Davos? Ill-timed trip indeed!
Even the admirer of President Mnangagwa: Hon. Eddy Cross questioned the visit by the President to go the Switzerland to meet global presidents and elite global business leaders whose objectives are to...Published: 30 Jan 2018 at 19:19hrs | | by Nomazulu Thata
Chamisa should mind his business
MDC Alliance acting leader, Nelson Chamisa's claim that President Emmerson Mnangagwa is failing to curb corruption should not be tolerated but dismissed with due contempt as Zimbabwe's Anti Corruption...Published: 26 Jan 2018 at 09:25hrs | 1 | by Peacemaker Zano
Could Mnangagwa change himself to change the country economy around?
There are a few political lessons we need learn as Zimbabweans. To begin with, unlike South Africans, we regarded politics a business for the down trodden and were not so smart since we concerned ours...Published: 30 Nov 2017 at 00:15hrs | | by Andrew M Manyevere
2008 here we come again, History repeating itself - Mashakada
MDC-T deputy Secretary general Tapiwa Mashakada has said the economy is fast slipping into the 2008 scenario of a Ponzi scheme where speculative and profiteering markup pricing is taking place every d...Published: 26 Sep 2017 at 07:43hrs | | by Stephen Jakes
Gross incompetence and corruption on parastatals deadly to the economy
It is quite sad to note that the Auditor General, Mildred Chiri, has for quite a long period of time exposed the gross mismanagement of funds taking place in the most parastatals and local authorities...Published: 20 Jul 2017 at 16:25hrs | | by Blessing Machiva
Mugabe's donation to AU is a misplaced priority
The current Government is struggling to address the needs of the public service, salaries are delaying, children are facing hunger, Harare cbd is flooded with vendors and most of them have resolved to...Published: 05 Jul 2017 at 16:08hrs | | by Tinashe Eric Muzamhindo
Externalization blamed for cash shortages
THE Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Dr Kupukile Mlambo has said even if $200 million was injected into the economy that would not solve cash shortages due to externalization."Z...Published: 19 May 2017 at 04:16hrs | | by Staff Reporter
The Rise and Fall of the Bond Note- Mashakada
MDC-T deputy secretary general Tapiwa Mashakada has lamented the rise and fall of the new Zimbabwean currency Bond Notes and Coins a development which has further crumbled the country's economic situa...Published: 03 May 2017 at 06:43hrs | | by Stephen Jakes
2018: What happens next, and after for a troubled Zimbabwe
There is perhaps no other subject matter that confounds than elections in Zimbabwe, the once upon a time bread basket of Africa, touted to become the torch bearer of electoral democracy once upon a ti...Published: 19 Apr 2017 at 16:58hrs | | by Maynard Manyowa
How Zanu PF underdeveloped Zimbabwe 1980-2018 -Tapiwa Mashakada
MDC-T Secretary for Finance and Economic Affairs Tapiwa Mashakada has chronicled the events in how Zanu PF has run down the country since year 1980."To make the story short, i will not b...Published: 17 Mar 2017 at 05:50hrs | | by Stephen Jakes
Dokora in another fool's mate
For the first time since 2011, Zimbabwe will not be represented at the 2016 African Schools Individual Chess Championships to be held at the Golden Peacock Hotel in Lusaka, Zambia.The Mini...Published: 22 Feb 2017 at 10:38hrs | | by Ruzvidzo Jena
Grace Mugabe must be arrested and tried for externalization
As the diamond ring saga continues, it is at this juncture that ZAPU exposes Grace Mugabe for what she really is, a fraudster and not a victim.It is important to note that Grace Mugabe does no...Published: 11 Jan 2017 at 19:30hrs | | by Iphithule kaMaphosa
Dokora in another fool's mate
For the first time since 2011, Zimbabwe will not be represented at the 2016 African Schools Individual Chess Championships to be held at the Golden Peacock Hotel in Lusaka, Zambia.The Minister...Published: 14 Dec 2016 at 08:48hrs | | by Chaturanga, Bindura
Grace scandals embarass Mugabe
First Lady Grace Mugabe who has a well documented history of enjoying a jet-set lifestyle has been caught up in a $1,4 million diamong ring scandal involving a Lebanese diamond dealer....Published: 09 Dec 2016 at 10:12hrs | | by Staff Reporter
Bond notes a disaster- Mutodi
A Zanu PF youth member Energy Mutodi has described the bond notes recently introduced by the Reserve Bank of Zimbabwe as a disaster to the citizens.He said Zimbabwean fiscal and monetary...Published: 07 Dec 2016 at 03:52hrs | | by Stephen Jakes
Bond notes dilemma
Next week which is the end of November, bond notes will start circulating in the financial system as legal tender provided Parliament passes the legislation this week. Bond notes were conceived as a p...Published: 23 Nov 2016 at 14:41hrs | | by Dr Tapiwa Mashakada MDC-T Shadow Minister of Finance
Bond notes a disaster, says Energy Mutodi
A controversial Zanu-PF youth member Energy Mutodi has described the bond notes which the government is introducing this month end as a disaster for the nation.He said Zimbabwean fiscal an...Published: 14 Nov 2016 at 07:43hrs | | by Stephen Jakes
Clean $100, $50 notes flourishing on black market
A black market for large denominations of the United States dollar is flourishing in Zimbabwe's cities with clean and crisp US$100 notes selling for about US$105 as people seeking to export foreign ex...Published: 04 Nov 2016 at 07:22hrs | | by Staff reporter
Analysis of the Mid-term fiscal policy review statement
Statement by the MDC Shadow Minister of Finance, Dr Tapiwa MashakadaThe Mid-Year Fiscal Policy Review Statement is a bankrupt statement which is anchored on a bankrupt Zimasset policy do...Published: 12 Sep 2016 at 11:31hrs | | by Dr Tapiwa Mashakada
Exposing the veil of ignorance behind Bond Notes
The government has in the past weeks announced its plans to introduce bond notes to ease cash shortages and to prevent externalization. The bonds will be underwritten by a US$200 million loan from Cai...Published: 10 Aug 2016 at 08:59hrs | | by Blessing Machiva
Zimbabwe's doomed re-engagement exercise
As the PDP we have consistently argued against the regime's re engagement exercise. Our objection has been clear and is based on principle. It has been based on long years of understanding Zanu-PF...Published: 22 Jun 2016 at 11:24hrs | | by Jacob Mafume & Vince Musewe
Government's efforts to revive the economy laudable
It is pleasing and comforting that government is doing all its best to revive the ailing economy. A number of policy measures and programmes are being put in place as a way of trying to stabiliz...Published: 09 Jun 2016 at 13:42hrs | | by Peacemaker Zano
Blitz on smuggling welcomed
Smuggling has become an albatross around the country's economy as leakages of goods in and out of the country on our borders and illegal points of entry has impacted negatively on our efforts to resus...Published: 08 Jun 2016 at 13:35hrs | | by Tapiwa Maware
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