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Transporters must adopt required pre-clearance processes at border
It's just over a week since the new Beitbridge Border Post freight terminal has been opened to the public and the results of improved border management systems are slowly beginning to show.Lik...Published: 10 hrs ago | 101 | by Nick Mangwana
Mnangagwa claims that door are always open for investors
ZIMBABWE should be the destination of choice for investors as the Second Republic is committed to dialogue with the business community to improve the ease of doing business for a win-win situation for...Published: 10 hrs ago | 48 | by Staff reporter
RBZ shuts down forex platform to stem currency decline
ZIMBABWEAN authorities shut down a popular black-market currency-tracking platform, the latest action to try and stop an accelerating decline in its currency.The central bank ordered marketwat...Published: 21 Oct 2021 at 06:22hrs | 3873 | by Staff reporter
Chamisa's MDC needs to grow up if it wants to be electable
It is difficult to understand the MDC-A's continuous pressure to have the financial sanctions against Zimbabwe maintained, and what looks like a willingness to manufacture evidence of Government wrong...Published: 21 Oct 2021 at 06:19hrs | 417 | by Staff reporter
Stanbic avails US$21,6m for Beitbridge border upgrade
Stanbic Bank and its parent company, Standard Bank Group, recently unveiled a US$21,6 million loan facility for sprucing up of the Beitbridge Border Post and its environs.The loan facility was...Published: 21 Oct 2021 at 06:18hrs | 294 | by Staff reporter
Mnangagwa preaches peace, unity
DEEP scars inflicted on the country by colonial oppressors should ever be reminders for Zimbabweans to remain united, peaceful and defend national interests as there is no room for violence which detr...Published: 21 Oct 2021 at 06:17hrs | 236 | by Staff reporter
Stanbic Bank facilitates the USD 21.6 M sprucing up of the Beitbridge Border Post
Harare, 20 October 2021: Stanbic Bank and its parent company, Standard Bank Group recently availed a USD21.6 million loan facility for the sprucing up of the Beitbridge Border Post and its environs....Published: 20 Oct 2021 at 18:28hrs | 741 | by Agencies
Zimbabwe Dry Port operating at 65% capacity
THE Zimbabwe Dry Port facility at Walvis Bay in Namibia is operating at between 65% and 70% of capacity due to lack of support from the local business community, the company's acting area manager Just...Published: 20 Oct 2021 at 07:39hrs | 346 | by Staff reporter
EcoCash shrugs headwinds
EcoCash Holdings Zimbabwe Limited, formerly Cassava Smartech Zimbabwe Limited, reported solid operating results for the year ended February 28, 2021, despite strong economic headwinds.EcoCash ...Published: 20 Oct 2021 at 07:39hrs | 468 | by Staff reporter
Zanu-PF policies driving poverty, not sanctions
WITH the arrival of United Nations special rapporteur, Alena Douhan, to look into the impact of sanctions on Zimbabwe, there is a danger that looking on the surface it can easily be argued that sancti...Published: 20 Oct 2021 at 07:37hrs | 428 | by A Mbire
Mliswa calls for local currency
Outspoken Norton Legislator Temba Mliswa has urged the government to promote local currency in a bid to stabilize the economy."Governme...Published: 19 Oct 2021 at 17:14hrs | 3133 | by Simbarashe Sithole
EcoCash shrugs headwinds to posts solid results
EcoCash Holdings Zimbabwe Limited, formerly Cassava Smartech Zimbabwe Limited, reported solid operating results for the year ended February 28, 2021, despite strong economic headwinds in the country d...Published: 19 Oct 2021 at 06:31hrs | 875 | by Staff reporter
'Mthuli must present people-centric budget'
FINANCE minister Mthuli Ncube has been urged to come up with a people-centric 2022 National Budget and move away from past practices where the Defence ministry got the lion's share at the expense of s...Published: 19 Oct 2021 at 06:29hrs | 406 | by Staff writer
'Offshore centre plans on track'
FINANCE minister Mthuli Ncube says Zimbabwe has made significant strides in its quest to set up an offshore financial services centre in Victoria Falls.He said a planned commodities exchange w...Published: 19 Oct 2021 at 06:28hrs | 131 | by Staff writer
You've failed us, villagers tell MPs
Zvimba villagers last Friday blasted legislators for failing to effectively play their oversight role on budgetary allocations in Parliament, resulting in the increase in poverty levels among communit...Published: 18 Oct 2021 at 06:31hrs | 1174 | by Staff reporter
Govt projects 10% growth in agric sector
GOVERNMENT has projected a 10% growth in the agricultural sector during the 2021/22 farming season, an official has said.Agriculture has been contributing 34% to Zimbabwe's gross domestic prod...Published: 18 Oct 2021 at 06:30hrs | 168 | by Staff reporter
Black market records steepest annual rise
THE parallel market exchange rate rocketed by 27% during the third quarter (3Q) of this year, marking its steepest ever growth in one year, researchers at Inter Horizon Securities (IH) said at the wee...Published: 18 Oct 2021 at 06:30hrs | 1478 | by Staff reporter
Robber killed in Masvingo shootout
A suspected armed robber believed to be part of a gang that committed a spate of robberies in Masvingo was fatally shot by the police after in the act.The robber and his three accomplices had ...Published: 18 Oct 2021 at 06:27hrs | 947 | by Staff reporter
CZI pushes for tax reviews
THE Confederation of Zimbabwe Industries (CZI) says government must review policy free thresholds upwards and increase civil service salaries in the upcoming 2022 national budget to boost consumer spe...Published: 17 Oct 2021 at 09:09hrs | 475 | by Staff reporter
Ingwebu to set up PET, water bottling plants
THE Bulawayo Municipal Commercial Undertaking owned Ingwebu Breweries is working on establishing a polyethylene terephthalate (PET) plant at their depot so as to package their beer in takeaway bottles...Published: 17 Oct 2021 at 09:01hrs | 93 | by Staff reporter
Skyscrapers go up in Waterfalls
CONSTRUCTION of 10 high-rise residential flats in Prospect, Waterfalls in Harare will begin early next year after the Government invited bids from private developers interested in undertaking the proj...Published: 17 Oct 2021 at 08:58hrs | 286 | by Staff reporter
Giant steel plant roars to life… US$1bn funding secured
Afrochine Smelting - a subsidiary of the world's largest stainless steel producer Tsingshan Holdings - has secured the US$1 billion needed for the first phase of the project to establish a steel plant...Published: 17 Oct 2021 at 08:54hrs | 411 | by Staff reporter
Mnangagwa acquiring more public debt to fund second term bid
WINNING or losing an election is a referendum on the economy by citizens. More often than not politicians are aware of this fact and, therefore, go out of their way, sometimes, contracting huge debts ...Published: 16 Oct 2021 at 06:29hrs | 868 | by Paidamoyo Muzulu
Chiwenga invites private sector to partner Govt
GOVERNMENT is forging ahead with infrastructural development as it is the bedrock for sustainable economic recovery and growth, Vice President Dr Constantino Chiwenga, who is also Health and Child Car...Published: 16 Oct 2021 at 06:27hrs | 736 | by Staff reporter
Mnangagwa addresses UN global transport conference
A vibrant transport sector is key to enabling economic growth to attain United Nations Sustainable Development Goals and to meet the demands of the Paris agreement on climate change, President Mnangag...Published: 16 Oct 2021 at 06:26hrs | 103 | by Staff reporter
Red flag raised on US$85m traffic interchange project
MEMBERS of the public have raised a red flag over the government's announcement that the Mbudzi roundabout traffic interchange on the Masvingo highway in Harare will cost US$85 million, which could be...Published: 15 Oct 2021 at 20:21hrs | 1116 | by Staff reporter
Zimbabwe to lose out on loans
ZIMBABWE is set to miss out on a multi-million-dollar fund for countries sharing the Zambezi watercourse because of its external debt estimated at US$10,5 billion.The funds will be disbursed t...Published: 15 Oct 2021 at 20:20hrs | 825 | by Staff reporter
Govt will keep digging in on currency
IN the week under review the Zimbabwean dollar (Zimdollar) swept past the psychological 1:90 mark. The local unit has been losing ground against the United States dollar on a weekly basis, for 24 stra...Published: 15 Oct 2021 at 20:20hrs | 171 | by Respect Gwenzi
Forex auction revitalises economy, claims RBZ
THE foreign currency auction introduced by Government last year has been critical in revitalising the economy despite deliberate inflation of black market exchange rates by some unscrupulous businesse...Published: 15 Oct 2021 at 06:18hrs | 118 | by Staff reporter
'Zimbabwe has enough forex to sustain economy'
THE foreign currency auction introduced by Government last year has been critical in revitalising the economy despite deliberate inflation of black market exchange rates by unscrupulous businesses and...Published: 15 Oct 2021 at 06:17hrs | 120 | by Staff reporter
NetOne to install 345 base stations
NetOne has promised the installation of above 300 base stations across Zimbabwe through the National Mobile Broad Band Expansion Project (NMBB3) to ...Published: 14 Oct 2021 at 19:34hrs | 737 | by Lloyd Rabaya in Guruve
Private sector major culprit of graft, says Zacc boss
THE Zimbabwe Anti-Corruption Commission (Zacc) says the private sector is the major culprit in corruption as players are evading taxes and inflating figures, among other ills causing serious damage to...Published: 14 Oct 2021 at 06:26hrs | 588 | by Staff reporter
Chloride expands outlets as imports fall
ZIMBABWE'S biggest battery maker, Chloride Zimbabwe, says outlets of its Exide Express, have increased by 330% in the past five years, as demand increases on the domestic market in response to import ...Published: 14 Oct 2021 at 06:24hrs | 216 | by Staff reporter
Mutsvangwa praises SADC stance on sanctions
DESPITE failure to access new capital from international banking institutions to finance major capital projects due to illegal sanctions, Zimbabwe under the leadership of President Mnangagwa continues...Published: 14 Oct 2021 at 06:22hrs | 132 | by Staff reporter
IMF maintains positive outlook for Zimbabwe
THE International Monetary Fund (IMF) has maintained a positive growth trajectory outlook for Zimbabwe in 2021 of 5,1 percent largely supported by increased agricultural output, energy productio...Published: 14 Oct 2021 at 06:21hrs | 385 | by Staff reporter
CZI warns of imminent Zimdollar collapse
THE Confederation of Zimbabwe Industries (CZI) has warned that the local currency faces imminent collapse and called on government to come up with alternative policy measures to restore confidence in ...Published: 13 Oct 2021 at 06:10hrs | 1077 | by Staff reporter
Sanctions collapsed Zimbabwe beef industry
THE country's famed beef industry collapsed at the turn of the millennium following the imposition of illegal sanctions by Western countries when the country embarked on the successful fast-track land...Published: 13 Oct 2021 at 06:06hrs | 242 | by Staff reporter
Zimra stalling development in the country
The Zimbabwe Revenue Authority is throwing stones in the way of President Emmerson Mnangagwa's vision 2030 as they are charging exorbitant duty to local and international investors who would want to i...Published: 12 Oct 2021 at 19:05hrs | 1339 | by Shelton Muchena recently in Victoria falls
Chamisa 'teargassed'
RIOT police yesterday teargassed MDC Alliance leader Nelson Chamisa at a private residence in Masvingo while suspected Zanu-PF youths attacked his convoy three times and injured several aides and his ...Published: 12 Oct 2021 at 06:02hrs | 8640 | by Staff reporter
The impact of US sanctions on Zimbabwe
WHEN the American government passed the Zimbabwe Democracy and Economic Recovery Amendment (Zidera) Act 20 years ago, it argued that the Act was not intended to punish ordinary Zimbabweans but to targ...Published: 12 Oct 2021 at 06:00hrs | 447 | by Eddie Cross
Mnangagwa took Sona for political grandstanding
CRISIS in Zimbabwe Coalition has noted with huge concern the failure by President Emmerson Mnangagwa to face the reality of the situation prevailing in Zimbabwe during his State of the Nation Address ...Published: 12 Oct 2021 at 05:59hrs | 321 | by Crisis in Zimbabwe Coalition
Zanu-PF leadership consigning people to abject poverty
THE rate at which government is destroying the nation boggles the mind.Zimbabwe's woes are complex and are compounded by the Zanu-PF government's misguided policies, nepotism and corruption. T...Published: 12 Oct 2021 at 05:59hrs | 200 | by Forget Sanhu
RBZ, business reach consensus on exchange rates, pricing
A number of agreements were thrashed out yesterday between the Reserve Bank of Zimbabwe and leaders of the business sector to deal with what everyone agreed were unjustified jumps in black-market exch...Published: 12 Oct 2021 at 05:55hrs | 691 | 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 | 618 | by Staff Writer
Girls in Zimbabwe are still technologically backwards
Labour Economists and Afrikan Democrats (LEAD) President Linda Tsungirirai Masarira has said girls in Zimbabwe are still technologically backwards.He said this as the nation celebrates the Int...Published: 11 Oct 2021 at 13:53hrs | 1096 | by Stephen Jakes
'People of Zimbabwe have become sanctions collateral damage'
WHEN the American government passed the Zidera Act 20 years ago, they argued that the Act was not intended to punish the people of Zimbabwe but to target those individuals and organisations that, in t...Published: 11 Oct 2021 at 05:54hrs | 182 | by Eddie Cross
Zimbabwe isn't any different - even at school we had those who celebrated failure!
I am sure we all remember those school days - with all the craziness of youth.Surely, who can forget those ever-present mind boggling scenes of pupils who would helplessly weep in agony, after...Published: 10 Oct 2021 at 17:29hrs | 3088 | by Tendai Ruben Mbofana
ZimTrade predicts exports growth
TRADE development and promotion agency, ZimTrade, says Zimbabwe's exports will continue on the growth trajectory experienced throughout this year until December.The growth has been underpinned...Published: 10 Oct 2021 at 06:55hrs | 241 | by Staff reporter
More jail time for illegal forex traders
PROSECUTOR-General, Mr Kumbirai Hodzi, has warned of more jail time for economic saboteurs while the Reserve Bank of Zimbabwe (RBZ) says it will intensify the blitz against manipulation of the local c...Published: 10 Oct 2021 at 06:36hrs | 421 | by Staff reporter
Zimbabwe Infrastructure Summit set for next week
Global Renaissance Investments (GRI) will next week host the fifth edition of the Zimbabwe Infrastructure Investment Summit in Harare.The summit is set for October 14.The Zimbabwe Infr...Published: 10 Oct 2021 at 06:35hrs | 80 | by Staff reporter
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