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Zimbabwe foreign currency remittances hit US$1,2 billion
FOREIGN currency remittances surged by 16,5% to hit a record US$1,2 billion in the first half of 2024 leaving diasporans standing out as lucrative foreign currency earners for the economy.The ...Published: 18 hrs ago | 349 | by Staff reporter
Fresh blitz against illegal forex dealers in Zimbabwe
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) have initiated a crackdown on illegal currency traders. This week, numerous money changers were arrested, with many stil...Published: 18 hrs ago | 368 | by Staff reporter
Mthuli Ncube makes bold measures to anchor ZiG stability
The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term ...Published: 18 hrs ago | 288 | by Staff reporter
Zimbabwe Heroes Day, Defence Forces Day prep in high gear
Preparations for the 2024 Heroes Day Commemorations and Zimbabwe Defence Forces Day Celebrations are well underway. The Minister of Defence and War Veterans Affairs, Oppah Muchinguri-Kashiri, reported...Published: 24 Jul 2024 at 11:14hrs | 314 | by Staff reporter
Man jumps off car over US$30,000 botched gold deal
A local businessman, Tawanda Makoni (28) from Domboshava, faces fraud charges after allegedly deceiving a client into purchasing fake gold. Makoni appeared before Harare magistrate Mr. Simon Kandiyero...Published: 24 Jul 2024 at 11:11hrs | 1039 | by Staff reporter
Major facelift for Chirundu border post
The Chirundu one-stop border post is set for a significant upgrade and modernization through a public-private partnership between the Government of Zimbabwe and the Chirundu Border Consortium, valued ...Published: 24 Jul 2024 at 09:00hrs | 159 | by Staff reporter
ZiG acceptance grows across Zimbabwe economy
The Reserve Bank of Zimbabwe (RBZ) has observed a growing acceptance of the local currency, ZiG, by both businesses and individuals, which aligns with the central bank's efforts to stabilize the econo...Published: 24 Jul 2024 at 08:54hrs | 1888 | by Staff reporter
ZiG tames inflation in Zimbabwe
Reserve Bank of Zimbabwe Governor Dr. John Mushayavanhu informed a Parliamentary committee that the new ZiG currency, introduced in April's Monetary Policy Statement, has stabilized the exchange rate ...Published: 23 Jul 2024 at 07:14hrs | 958 | by Staff reporter
US$200 'bribe' prosecutor granted bail
Bhekimpilo Moyo, a public prosecutor from the Bulawayo Magistrates' Court at the Tredgold Building, has been arrested for allegedly demanding a US$200 bribe.Moyo, 35, solicited the bribe from the ...Published: 22 Jul 2024 at 07:53hrs | 547 | by Staff reporter
Mnangagwa's second republic of corruption and controversy
PRESIDENT Emmerson Mnangagwa's second republic, which he proclaimed when he came into office in November 2017 following a coup that ended long-time ruler Robert Mugabe's nearly four-decade rule, has b...Published: 21 Jul 2024 at 20:59hrs | 908 | by Gary Gerald Mtombeni
SADC Summit turns Mnangagwa govt into a joke!
One simply needs to tune into or read the state-controlled media in Zimbabwe to discover how the country has become a huge circus. All this simply because of the opportunity to chair the 44th ...Published: 20 Jul 2024 at 21:40hrs | 3943 | by Tendai Ruben Mbofana
Bulawayo's daytime sex work solicitation raises concerns
Bulawayo's downtown is witnessing a shift in the landscape of sex work, with sex workers establishing a noticeable daytime presence. This trend has raised concerns among residents and property owners,...Published: 20 Jul 2024 at 11:46hrs | 793 | by Staff reporter
Zimbabwe misses mineral revenue target
Zimbabwe faces a challenging economic outlook for 2024, with economists warning of reduced foreign exchange reserves, diminished government revenue, and decreased economic activity due to lower global...Published: 19 Jul 2024 at 06:20hrs | 531 | by Staff reporter
Robbers kill guard, steal US$95, phones
Three robbers attacked and killed a security guard, Elliot Mudzingwa (32), at a construction complex in Msasa, Harare, stealing US$95 and four cell phones. The incident occurred on July 16, 20...Published: 19 Jul 2024 at 05:56hrs | 620 | by Staff reporter
As long as ZACC isn't catching the 'big fish' then its work is useless!
The ZACC (Zimbabwe Anti Corruption Commission) has, of late, been bragging over its supposed 'successes'.ZACC commissioner Ndakaripa Hungwe recently told a national anti-corruption indaba in H...Published: 18 Jul 2024 at 15:02hrs | 408 | by Tendai Ruben Mbofana
Zimbabwe's currency will remain fully backed by gold reserves
Zimbabwe's government will stick to what it promised when it launched a new currency in April by ensuring it remains fully backed by reserves, the central bank governor told Reuters on Wednesday, addi...Published: 18 Jul 2024 at 09:20hrs | 736 | by Staff reporter
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 | 6629 | by Staff reporter
'ZiG scarcity a recipe for disaster'
Opposition party Labour Economists and Afrikan Democrats (LEAD) has raised concerns about the scarcity and lack of confidence surrounding Zimbabwe's newly introduced currency, the Zimbabwe Gold (ZiG)....Published: 17 Jul 2024 at 07:29hrs | 841 | by Staff reporter
Zimbabwe's lithium gambit: Navigating China-US rivalry
Lithium is Zimbabwe's third-largest mineral export after gold and platinum group of metals, bringing in US$2,46 billion and US$2,27 billion, respectively, in 2023.AS the world is going through...Published: 15 Jul 2024 at 08:17hrs | 214 | by Samir Bhattacharya
Zimbabwe economy on the upswing, rating agency says
ICRA Rating, a UAE-based credit rating agency, has lauded Zimbabwe's economy for demonstrating impressive resilience and growth. The agency attributes this positive outlook to recent government initia...Published: 12 Jul 2024 at 09:15hrs | 28 | by Staff reporter
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 59 | by Nick Mangwana
Shortage of ZiG coins, notes affects Bulawayo vendors
Informal traders in Bulawayo are grappling with significant challenges due to the scarcity of Zimbabwe Gold (ZiG) notes and coins, which has severely impacted their ability to conduct business effecti...Published: 11 Jul 2024 at 07:26hrs | 8 | by Staff reporter
Debunking mischief about Tagwirei, Sakunda
There has been a sustained casting of aspersions over the success of businessman Mr Kudakwashe Tagwirei, whom I will simply call Kuda, from anti-Zimbabwe media and activists both locally and outside t...Published: 10 Jul 2024 at 16:49hrs | 5 | by Rutendo Bereza Matinyarare
Zimbabwe's ZiG primed for seamless international acceptance and usage
THE country's new currency, Zimbabwe Gold (ZIG) widespread acceptance locally will trigger a seamless acceptance regionally, Monetary Policy Committee member Mr Persistence Gwanyanya has said....Published: 10 Jul 2024 at 15:50hrs | 24 | by Staff reporter
I am suffocating and sick of crying
I am suffocating and sick of crying and dying for fresher air. I died in May, June and July, last year, and died forever in a shallow swamp on April 18, 1983. Later on, I died in a river full of class...Published: 10 Jul 2024 at 09:17hrs | 20 | by Tafi Mhaka
Over US$2 000 collected as BCC, police raid gold panners
Bulawayo City Council (BCC) has reported that it collected over US$2,000 in fines for environmental violations across its jurisdiction and water catchment areas, according to its latest minutes addres...Published: 10 Jul 2024 at 07:48hrs | 1 | by Staff reporter
Scottland beat Bosso on Dzingai
Scottland, a title contender in the Northern Region Soccer League (NRSL), has successfully signed former Warriors' defender Jimmy Dzingai, outmaneuvering Premiership giants Highlanders. ...Published: 10 Jul 2024 at 07:40hrs | 7 | by Staff reporter
11 under aged girls married off in 2 months in Zimbabwe
The Department of Social Welfare reported 11 child marriage cases in Kwekwe District between April and June this year, leading to the arrest and trial of some perpetrators. This information was disclo...Published: 09 Jul 2024 at 05:51hrs | 1 | by Staff reporter
John II's mission impossible to save Zimbabwe economy clocks 100 days
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 08 Jul 2024 at 11:06hrs | 3 | by Staff reporter
Zimbabwe diaspora remittances up 18%
The Zimbabwean government's engagement with its diaspora community has resulted in an 18% increase in remittances in the first quarter of the year compared to the same period last year. This achieveme...Published: 08 Jul 2024 at 10:41hrs | | by Staff reporter
Drawing parallels between Kenya and Zimbabwe's social, economic, and political disturbances
We want to believe that the demonstrations in Kenya just happened overnight. The Gene Zs went on a rampage assisted by criminals. To framing them so thin, is to trivialize a genuine revolution that wa...Published: 07 Jul 2024 at 23:08hrs | 15 | by Nomazulu Thata
Sex-loving mine manager suspended
The sex-loving Eureka gold mine human resources manager Madakufamba Chikanyire who was recently convicted by Chief Chipuriro of impregnating a villager has been suspended.Sources close to inve...Published: 07 Jul 2024 at 22:36hrs | 14 | by Simbarashe Sithole
John II tames Zimbabwe currency turmoil
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 07 Jul 2024 at 11:54hrs | 1 | by Staff reporter
Bleak outlook for Zimbabwe's consumers
Inter Horizon (IH) Securities, a prominent financial services firm, has released a sobering report on Zimbabwe's consumer spending patterns for 2024. The analysis paints a bleak picture, attributing t...Published: 07 Jul 2024 at 10:58hrs | 1 | by Staff reporter
Nedbank US$271 000 robbery suspect acquitted
Bulawayo regional magistrate Ms Sibonginkosi Mnkandla has acquitted Elias Mudenda, one of the two suspects accused of stealing US$271,500 and R2 million from a Nedbank branch in the city last year. Th...Published: 07 Jul 2024 at 10:36hrs | 4 | by Staff reporter
Reserves backing Zimbabwe's ZiG shoot to US$370 million
Prices of goods and services in Zimbabwe are expected to remain stable, thanks to increased cash and mineral reserves backing the new currency, Zimbabwe Gold (ZiG). These reserves have risen from US$2...Published: 07 Jul 2024 at 10:34hrs | 26 | by Staff reporter
Gold output rebounds after Govt intervention
Gold deliveries by small-scale miners to Fidelity Gold Refinery have rebounded to January 2024 levels after the reversal of a 15 percent value-added tax (VAT) on gold deliveries. In the second quarter...Published: 07 Jul 2024 at 10:21hrs | | by Staff reporter
'2030 Mnangagwa will not be around'
President Emmerson Mnangagwa has made a significant announcement amidst factional tensions within Zanu-PF, stating that he will not seek a third term in office. Speaking ...Published: 05 Jul 2024 at 11:35hrs | 1 | by Staff reporter
Zimbabwe working towards de-dollarisation
Zimbabwe is on a phased trajectory towards de-dollarisation, as President Mnangagwa emphasized that relying on other countries' currencies, particularly those with negative views towards Zimbabwe, is ...Published: 05 Jul 2024 at 10:58hrs | 8 | by Staff reporter
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 7 | by MMatigary
Shareholders cream off US$1,6b from Mutapa
Zimbabwe's debt restructuring talks are at risk following revelations that the country's liabilities may have increased due to a secretive US$1.6 billion payment to unknown shareholders under the sove...Published: 04 Jul 2024 at 09:33hrs | 1 | by Staff reporter
Latest ZiG song unites musicians
Kulcha Houz Studios, a prominent creative space in Harare, has become a key hub for Zimbabwean musical talent. It hosts studios in the central business district and Belvedere, where artists like Freem...Published: 03 Jul 2024 at 10:28hrs | | by Staff reporter
Zimra garnishes Gweru Council accounts
The Zimbabwe Revenue Authority (Zimra) recently garnished Gweru City Council's bank accounts to recover over ZWG3 million in unpaid taxes, affecting the council's financial transactions. Mayor Martin ...Published: 03 Jul 2024 at 10:27hrs | | by Staff reporter
Zimbabwe economy could hamper Mnangagwa's Brics ambition
President Emmerson Mnangagwa has announced Zimbabwe's readiness to join the BRICS grouping, claiming the country now has a stable currency and solid economic fundamentals. BRICS, comprising Brazil, Ru...Published: 02 Jul 2024 at 12:49hrs | 2 | by Staff reporter
Chivayo has Mnangagwa in his pocket?
President Emmerson Mnangagwa's association with controversial figures continues to raise concerns, with recent revelations highlighting his ties to convicted tenderpreneur Wicknell Chivayo. This devel...Published: 02 Jul 2024 at 10:12hrs | 18 | by Staff reporter
Flimsy tactics to resist use of ZiG exposed
Some shops in Bulawayo are defying government regulations by exclusively trading in US dollars and South African rand, ignoring the Zimbabwe Gold (ZiG) currency, despite legal obligations under Statut...Published: 02 Jul 2024 at 06:29hrs | | by Staff reporter
Mnangagwa confirms structure to 'drip feed' ZWG into economy
Deputy Minister of Finance, Economic Development, and Investment Promotion, David Mnangagwa, acknowledged that the introduction of the Zimbabwe Gold (ZWG) currency in April has been characterized by a...Published: 01 Jul 2024 at 13:34hrs | 5 | by Staff reporter
Mnangagwa fires Guvamatanga, then changes mind
President Emmerson Mnangagwa sacked finance secretary George Guvamatanga last week but then had a change of heart after he made a groveling apology, and following further representations by chief cabi...Published: 01 Jul 2024 at 10:56hrs | 6 | by Staff reporter
Mushayavanhu discards ZiG banknotes with Mangudya's signature
The Reserve Bank of Zimbabwe (RBZ), under new governor John Mushayavanhu, destroyed millions' worth of Zimbabwe Gold (ZiG) banknotes that had been printed with the signature of his predecessor, John M...Published: 01 Jul 2024 at 10:29hrs | 1 | by Staff reporter
Delma Lupepe sucked in nasty mine dispute
Former Amazulu Football Club owner and businessman Delma Lupepe is embroiled in a contentious legal battle over allegations of fraudulently acquiring Duive Enterprises Private Limited, a mining entity...Published: 01 Jul 2024 at 04:04hrs | 4 | by Staff reporter
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