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Chamisa poses major threat to Mnangagwa, but....
CITIZENS Coalition for Change (CCC) leader Nelson Chamisa has emerged as President Emmerson Mnangagwa's most formidable challenger for the presidency when the country goes to the polls in the next few...Published: 06 Mar 2023 at 05:20hrs | 5016 | by Staff reporter
Headwinds ahead for Zanu-PF
NORTON Independent legislator Temba Mliswa remains a comical character but he is one you cannot afford to ignore.A rabble-rouser of note, he has been a thorn in the flesh of Zanu-PF ever since...Published: 21 Jan 2023 at 11:26hrs | 2605 | by Staff reporter
Mnangagwa's govt claims to have delivered 600 000 jobs
NEARLY 600 000 new formal jobs have been created in various sectors from 2018 to date, an indication that the formal economy is growing in tandem with increased economic activity, latest figures from ...Published: 15 Jan 2023 at 09:39hrs | 156 | by Staff reporter
Zec delimitation report challenger hounded
A Zanu-PF activist and former Zicosu president Tonderai Chidawa, who last week challenged the Zimbabwe Electoral Commission (Zec) preliminary delimitation report, says he is being hounded by suspected...Published: 09 Jan 2023 at 07:01hrs | 814 | by Staff reporter
Mthuli Ncube raises VAT, restores duty on basics
Finance minister Mthuli Ncube unveiled his 2023 budget on Thursday, raising value added tax (VAT) in a move the main opposition Citizens Coalition for Change (CCC) described as "an attack on working p...Published: 25 Nov 2022 at 05:21hrs | 10515 | by Staff reporter
Zimdollar facing headwinds
For weeks, we have been told that the forex rates from both the official and parallel markets were stabilising and that this would mean inflation would soon follow.But, if the movement of the ...Published: 14 Nov 2022 at 05:14hrs | 1131 | by Staff reporter
PSMI faces collapse
EMBATTLED Premier Services Medical Investments (PSMI) shut down 120 of its 155 facilities last month as the entity battled to settle a four-month salary arrears bill in a turbulent period that culmina...Published: 04 Nov 2022 at 05:38hrs | 2576 | by Staff reporter
Mthuli Ncube urged to present USD budget for 2023
THE Zimbabwe Coalition on Debt and Development (Zimcodd) has called on Finance minister Mthuli Ncube to present the 2023 national budget in United States dollar terms to avoid the need for a supplemen...Published: 13 Oct 2022 at 05:57hrs | 498 | by Staff reporter
Zimbabwe's foreign currency receipts hit US$7,7 billion mark
ZIMBABWE's foreign currency receipts have reached US$7, 7 billion, thereby marking a significant increase if compared to the same period last year.The development indicates the existence of re...Published: 02 Oct 2022 at 09:02hrs | 109 | by Staff reporter
Mnangagwa moves to calm Zimbabwe investors
PRESIDENT Emmerson Mnangagwa this week moved to calm market concerns over the obtaining business climate, as he gave fresh undertakings to iron out hurdles to investment under his "Zimbabwe is Open fo...Published: 26 Aug 2022 at 20:47hrs | 638 | by Staff reporter
'Gold coins safer than Zimdollar'
THE resilience of gold as a store of value pushed the Reserve Bank of Zimbabwe (RBZ) to introduce gold coins last month, a central bank official said yesterday.Azvinandava Saburi, director of ...Published: 17 Aug 2022 at 06:40hrs | 759 | by Staff reporter
Mnangagwa says Zimbabweans must stop parroting foreign narratives
ZIMBABWEANS should believe in themselves despite the continued imposition of sanctions on the country and be inspired by the national interest to work harder to develop their own country rather than "...Published: 14 Aug 2022 at 07:21hrs | 570 | by Staff reporter
Mnangagwa tells profiteers to play fair,
PRESIDENT Mnangagwa yesterday reiterated the need to adopt fair business practices and urged economic stakeholders to rally behind the country's transformation agenda and leave a legacy of positive im...Published: 13 Aug 2022 at 07:23hrs | 123 | by Staff reporter
Chiwenga warns Innscor
A TENSE meeting between President Emmerson Mnangagwa and Innscor Africa shareholders over allegations of fuelling currency volatilities rocking the market had a chilling effect after Vice-President Co...Published: 12 Aug 2022 at 20:21hrs | 1039 | by Staff reporter
Mnangagwa's hectic schedule
PRESIDENT Mnangagwa will today lead key proceedings in a double hectic schedule in the resort city of Victoria Falls where he is set to officially open the End of Term Judges Symposium this morning an...Published: 12 Aug 2022 at 06:34hrs | 386 | by Staff reporter
Zimbabwe secures 300MW
ZESA Holdings has secured a 300 megawatt (MW) power import deal with regional suppliers as the energy crisis threatens to cripple industry and domestic consumers, confidential documents show.T...Published: 22 Jul 2022 at 10:43hrs | 1921 | by Staff reporter
Flour price goes up
THE price of bread is likely to go up after flour prices rose by 10% yesterday.This comes after the Grain Marketing Board increased its wheat prices to millers by 8% from $239 360 to $258 416 ...Published: 13 Jul 2022 at 07:21hrs | 424 | by Staff reporter
TelOne groans under sub-economic tariffs
STATE-OWNED telecommunications company TelOne is reeling under high inflation which has impeded profitability while sub-economic tariffs are threatening to sink the firm.TelOne's last tariff r...Published: 25 Jun 2022 at 10:04hrs | 797 | by Staff reporter
Dubai Zimbabwe's second-largest gold market
THE United Arab Emirates (UAE) has consolidated its position as Zimbabwe's second-largest export destination as gold shipments to the region continue to grow, a new report by the country's statistical...Published: 21 Jun 2022 at 15:24hrs | 731 | by Staff reporter
Turkish Airlines plan to introduce flights into Zimbabwean destinations
GLOBAL air passenger carrier, Turkish Airlines' plan to introduce flights into Zimbabwean destinations are still on track and Harare's diplomats deployed to that country in 2019 are confident the gian...Published: 03 Jun 2022 at 19:14hrs | 600 | by Staff reporter
Zimdollar worries industry
THE Confederation of Zimbabwe Industries (CZI) is having sleepless nights over an overvalued Zimbabwean dollar (Zimdollar), which is now undermining the scope for maximising structural efficiency and ...Published: 13 May 2022 at 19:09hrs | 174 | by Staff reporter
Zimbabwe power crisis worsens
STRUGGLING national power utility Zesa Holdings has extended a plea for help to big miners by constituting a group called the Energy Intensive Users Group (EIUG) to provide off-take guarantees in hard...Published: 06 May 2022 at 19:28hrs | 466 | by Staff reporter
Fuel hikes to worsen economic woes
GOVERNMENT yesterday increased prices of petrol and diesel by 23.78% and 18.23% respectively, a move that economists said will result in a hike in prices of basic goods and services and further erode ...Published: 26 Apr 2022 at 08:21hrs | 177 | by Staff reporter
Mnangagwa says it's 'time for Zimbabwe to rise and shine'
ZIMBABWEANS must be united by a common vision to build a prosperous and empowered nation as the country's economy is likely to grow regardless of the numerous challenges it faces, President Mnangagwa ...Published: 17 Apr 2022 at 09:10hrs | 179 | by Staff reporter
41 die in Zimbabwe's Easter accidents
ZIMBABWEANS must be united by a common vision to build a prosperous and empowered nation as the country's economy is likely to grow regardless of the numerous challenges it faces, President Mnangagwa ...Published: 17 Apr 2022 at 09:09hrs | 143 | by Staff reporter
Mealie-meal, wheat prices jump
THE Grain Millers Association of Zimbabwe (GMAZ) has reviewed upwards prices of mealie-meal and flour, following the increase of maize and wheat prices.The prices of mealie-meal and flour rece...Published: 17 Apr 2022 at 09:08hrs | 243 | by Staff reporter
Mnangagwa blames 'NATO expansion' for Russia's invasion of Ukraine
In his first public comments over Russia's invasion of Ukraine, President Emmerson Mnangagwa said it was a "robust" response by President Vladmir Putin to "provocation" by NATO, a military alliance of...Published: 11 Apr 2022 at 08:27hrs | 2357 | by Staff reporter
Mnangagwa says Russia-Ukraine conflict wake up call
THE Russia and Ukraine conflict, which has spawned a surge in global food prices and disruption of world markets and supply chains, has been a wake-up call for Zimbabwe on the need to ensure food secu...Published: 11 Apr 2022 at 06:28hrs | 560 | by Staff reporter
RBZ to double down in inflation fight
Reserve Bank of Zimbabwe (RBZ) will deploy various monetary tools at its disposal to stem out rampant "market indiscipline" that it believes is driving price increases.Market indiscipline, the...Published: 03 Apr 2022 at 08:20hrs | 190 | by Staff reporter
Germany's biggest airline dates Victoria Falls
ONE of Zimbabwe's biggest leisure chains yesterday predicted a dramatic upswing in arrivals, as Germany's biggest airline prepared for its maiden adventure on the Windhoek-Victoria Falls route today....Published: 30 Mar 2022 at 07:25hrs | 685 | by Staff reporter
Zimbabwe mulls fuel levy cuts
Zimbabwe has hinted it may further reduce fuel levies to stymie a sustained spike in the domestic price of petroleum products after global prices soared on market uncertainty due to the conflict betwe...Published: 21 Mar 2022 at 06:23hrs | 234 | by Staff reporter
#HowFar campaign ruffles plenty feathers
THE Zimbabwe Coalition on Debt and Development (Zimcodd) has bemoaned the intolerance against its #HowFar campaign, an initiative to hold the government to account on public finance management....Published: 19 Mar 2022 at 07:18hrs | 412 | by Staff reporter
Headwinds piling up for Zimbabwe
The United States Agency for International Development (USAid)'s food security arm, the Famine Early Warning Systems Network (Fewsnet) has warned of below average harvests this year and a shortlived i...Published: 18 Mar 2022 at 05:37hrs | 1025 | by Staf reporter
Chamisa's calculation pays off?
OPPOSITION leader Nelson Chamisa's gamble to form a new party following squabbles over the MDC-Alliance name seems to be paying off amid renewed interest in the democratic struggle and fresh internati...Published: 26 Feb 2022 at 19:31hrs | 12350 | by Staff reporter
Kuvimba musn't disappoint on ZiscoSteel
WHILE we applaud government efforts to revive the moribund ZiscoSteel, we are a bit pessimistic on its choice of Kuvimba Mining House, where the State has majority shareholding, as the leading investo...Published: 25 Feb 2022 at 07:14hrs | 97 | by Staff reporter
'Mnangagwa's radical policy shift blew away US$500m potential revenue'
RADICAL policy shifts a year into President Emmerson Mnangagwa's administration have wiped a staggering US$500 million in potential investments out of Zimbabwe, new data predicting an escalation of he...Published: 16 Feb 2022 at 05:35hrs | 496 | by Staff reporter
No joy from RBZ governor
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday declined to increase cash withdrawal limits to match recent price hikes, as he battled to limit cash in circulation in order to fight in...Published: 08 Feb 2022 at 05:37hrs | 1955 | by Staff reporter
West casts sanctions net wider
LOCAL banks have raised concerns over capitalisation demands by the Reserve Bank of Zimbabwe (RBZ) compelling the financial institutions and deposit-taking micro-financefirms to meet their tar...Published: 21 Jan 2022 at 18:35hrs | 1830 | by Staff reporter
Mnangagwa democratic credentials face litmus test in election season
THE year 2022 is a litmus test for President Emmerson Mnangagwa's regime which promised to open up political space and uphold civil liberties as temperatures hot up ahead of next year's general electi...Published: 16 Jan 2022 at 18:13hrs | 575 | by Staff reporter
Zimbabwean economy turns the corner, says CBZ chair
THE current Zimbabwean Government has unshackled the economy and is on the right path to start realizing meaningful returns despite economic headwinds that have hindered economic progress in the past,...Published: 23 Nov 2021 at 05:52hrs | 16 | by Staff reporter
UK cleric says no mercy for Zimbabwean 'thieves'
EFFORTS by President Emmerson Mnangagwa's government to get the Church of England's Archbishop of Canterbury, Justin Welby, to seek help for the removal of sanctions face headwinds after the cleric sa...Published: 15 Nov 2021 at 05:27hrs | 11 | by Staff reporter
Zimbabwe's banks overwhelmed
ZIMBABWE'S banking system has been overwhelmed by rocketing demand for United States dollars on the foreign currency auction system, the central bank said on Tuesday, as it moved to adjust bidding lea...Published: 10 Nov 2021 at 05:34hrs | 7 | by Staff reporter
Headwinds stalk Zimbabwe insurers
FINANCE and Economic Development minister Mthuli Ncube has warned that Zimbabwe's insurance sector faces one of its toughest times, with geopolitical tensions and disruptions to business models under ...Published: 09 Nov 2021 at 05:36hrs | 5 | by Staff reporter
Banks lobby for tax regime revamp
ZIMBABWE'S banking sector says government must extend tax payment periods to twice a year to give industries breathing space after being affected by pandemic-related headwinds.Under current po...Published: 01 Nov 2021 at 07:27hrs | 5 | by Staff reporter
Zimbabwe revises inflation target
FINANCE and Economic Development minister Mthuli Ncube increased annual inflation targets to between 35% and 46% at the weekend, saying pressures from rocketing international food and oil prices were ...Published: 26 Oct 2021 at 08:02hrs | 5 | by Staff reporter
Fresh push for banks to pay interest
GOVERNMENT says it is scaling up confidence-building measures to boost deposits into the country's banking sector.Giving a keynote address during last night's 22nd edition of the Banks and Ban...Published: 22 Oct 2021 at 19:12hrs | 8 | by Staff reporter
Chamisa fakes 'assassination' attempt?
THE MDC Alliance yesterday claimed party leader Nelson Chamisa's convoy was intercepted by heavily suspected armed Zanu-PF youths who fired gunshots, hitting a rear window on the opposition leader's v...Published: 20 Oct 2021 at 07:41hrs | 13 | by Staff reporter
Chamisa talks about 'grief and fear'
OPPOSITION MDC Alliance leader Nelson Chamisa yesterday said people in the rural areas were living in fear due to intimidation ahead of the 2023 general elections, adding that Zimbabweans from all wal...Published: 20 Oct 2021 at 07:41hrs | 9 | by Staff reporter
Mnangagwa told 'don't blame sanctions'
PRESIDENT Emmerson Mnangagwa and his regime must stop lamenting about sanctions and focus on eradicating corruption that has become rife in his government, Parliament heard yesterday.Zanu-PF h...Published: 20 Oct 2021 at 07:40hrs | 12 | by Staff reporter
Simba Makoni arrested for exchange rate violation
Opposition Mavambo/Kusile/Dawn leader Simba Makoni was arrested and dragged to court, charged with contravening the Exchange Control Act on Tuesday.Makoni, who appeared before Magistrate Stanf...Published: 20 Oct 2021 at 07:40hrs | 44 | by Staff reporter
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