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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 | 151 | by Staff reporter
Sanctions choking Zimbabwe: Myth or reality?
"African politics is dogged by crises of legitimacy, monetised politics and corruption, personalised leadership, and lastly the sit-tight syndrome" notes the African Exponent. During an electoral seas...Published: 14 Jan 2023 at 16:33hrs | 597 | by Zvikomborero Sibanda
This & that with Mal'phosa: What a disaster
Do rich people always have to brag every chance they get? For instance, he owns a construction company and bullies everyone to agree that he works hard. We know who works hard, and for peanuts. It's a...Published: 08 Jan 2023 at 19:37hrs | 513 | by Clerk Ndlovu
Zimbabwe ranked one of the most 12 advanced countries in Africa
ZIMBABWE has been ranked one of the 12 most advanced countries in Africa on 11th position, due to its gross income from the informal sector which sustains the country's economy.In a recen...Published: 28 Dec 2022 at 20:59hrs | 1812 | by Staff reporter
'Nyika inovakwa nevene vayo' insist Mnangagwa - Reality, Zimbabwe is a failed state in ruins, mocks him
On Monday, 12 December 2022, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated four Zimbabwean individuals and two Zimbabwean entities and removed seventeen Zimb...Published: 16 Dec 2022 at 08:03hrs | 1716 | by Nomusa Garikai
Zimbabwe paying price for shoddy energy deals
ZIMBABWE is paying the price for failure to tap into renewable energy, as climate change is hindering power generation at Kariba Power Station - the country's largest electricity generating plant - wh...Published: 04 Dec 2022 at 14:06hrs | 3505 | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1507 | by Respect Gwenzi
Teachers 4ED take over teachers recruitment
The recently launched Zanu-PF aligned teacher union called Teachers for Economic Development or Teachers4ED seems to have taken over recruitment and deployment of teachers as Zanu-PF is soliciting for...Published: 14 Nov 2022 at 05:18hrs | 1517 | by Staff reporter
Mnangagwa's govt draws down US$311m from IMF kitty
ZIMBABWE has drawn down US$311 million from the US$958 million it was allocated under extra Special Drawing Rights by the International Monetary Fund in August last year, an automatic allocation along...Published: 14 Nov 2022 at 05:09hrs | 209 | by Staff reporter
Auxillia Mnangagwa should tell her husband that sanctions can't cripple a country's economy!
As Zimbabwe First Lady Auxillia Mnangagwa visits Iran, and is showcased the Islamic Republic’s phenomenal economic and scientific breakthroughs - amidst...Published: 07 Nov 2022 at 07:34hrs | 2691 | by Tendai Ruben Mbofana
'Sanctions have opened Zimbabweans' eyes'
ILLEGAL economic sanctions imposed on Zimbabwe by the West have taught the country to be self-reliant as seen by the hiring of local companies to carry out various infrastructure development projects ...Published: 07 Nov 2022 at 05:23hrs | 211 | by Staff reporter
The economic impact of Zidera
No doubt there are many opinions and interpretations out there with regard to the issue of sanctions and I thought it's important to try and unpack the Zimbabwe Democracy and Economic Recovery Act (Zi...Published: 04 Nov 2022 at 05:34hrs | 518 | by Vince Musewe
Pharmacists behind drug smuggling
A NEW report has revealed that some government-employed pharmacists are running smuggling rackets and use their influence to evade border controls.In a report titled: Infamous by Design: Illic...Published: 31 Oct 2022 at 18:51hrs | 284 | by Staff reporter
Zimbabwe economy grew 9%
ZIMBABWE'S statistical agency says the economy grew by a staggering 8.5% last year from a decline of 7.8% in the prior year, exposing a wide discrepancy between official figures and those computed by ...Published: 23 Oct 2022 at 17:18hrs | 470 | by Staff reporter
Sanctions weighing on Zimbabwe banking sector
ILLEGAL sanctions imposed on Zimbabwe by western countries, led by Britain and America, have had a detrimental impact on the country's financial services sector as the embargo has seen the number of c...Published: 17 Oct 2022 at 06:04hrs | 275 | by Staff reporter
'Zec evasive on delimitation'
THE Zimbabwe Electoral Commission (Zec) has been accused of being too secretive on the delimitation roadmap as opposition parties raised fears yesterday that the process could be rigged in favour of t...Published: 14 Oct 2022 at 05:55hrs | 448 | by Staff reporter
Zimbabwe rules out wheat imports
GOVERNMENT will not import wheat and will now scrutinise imports of the cereal for the coming year owing to a bumper winter harvest this year, a senior government official has revealed.This co...Published: 06 Oct 2022 at 06:03hrs | 324 | by Staff reporter
IMF says gold coins missed chance to build Zimbabwe reserves
The gold coins that have been in circulation in Zimbabwe for almost three months are a missed chance to build the nation's gold reserves, according to the International Monetary Fund."The sale...Published: 23 Sep 2022 at 05:57hrs | 4424 | by Staff reporter
Fatima High teachers refuse to test for Covid-19
SOME teachers at Fatima High School in Lupane District in Matabeleland North allegedly refused to be tested for Covid-19 following a recent outbreak of the virus at the school.The positive cas...Published: 23 Sep 2022 at 05:49hrs | 346 | by Staff reporter
IMF rules out loans for Zimbabwe
An International Monetary Fund (IMF) staff team led by Dhaneshwar Ghura conducted a staff visit in Harare during September 12–19, 2022, to discuss recent economic developments and the economic outlo...Published: 20 Sep 2022 at 18:46hrs | 817 | by Staff reporter
The dangers of a long colonialism
Walking the last mileBY the time you read this piece, Queen Elizabeth II, late sovereign of the United Kingdom and titular head of the pizza-like Commonwealth, will be two days away from her f...Published: 17 Sep 2022 at 06:41hrs | 95 | by Jamwanda
Chamisa loses hope on reforms
OPPOSITION parties have lost hope of the country holding free and fair elections next year in the absence of electoral reforms.Some of the political parties have predicted a disputed poll as g...Published: 09 Sep 2022 at 06:05hrs | 2785 | by Staff reporter
Mnangagwa's 2023 strategy
Zimbabwe's general election is several months away but many opposition figures say they are already battling intense government repression similar to the iron-fisted rule of Robert Mugabe, the former ...Published: 04 Sep 2022 at 07:58hrs | 4622 | by Staff reporter
Tsvangirai's former adviser form his own party
UNITED STATES-BASED Maxwell Shumba (MS), a former chief adviser to the late MDC leader and former Prime Minister Morgan Tsvangirai has decided to form his own party, Zimbabwe People First (ZimFirst), ...Published: 01 Sep 2022 at 20:38hrs | 1733 | by Staff reporter
'Zanu PF is mortgaging Zimbabwe for a song!' complained Biti - true but who is facilitating looting
When Robert Mugabe and his Zanu PF got into power in 1980, he proclaimed mass prosperity, "Gutsa ruzhinji!", in Shona. He was convinced he would achieve that by spending, spending and spending....Published: 25 Aug 2022 at 20:07hrs | 369 | by Wilbert Mukori
'I am sending you to Pharaoh!' twittered Chamisa - being conned to believe the upstart is Moses!
Referring to the biblical situation, CCC leader President Nelson Chamisa assured the nation of the anticipated freedom from Zanu PF repression."THE CRIES HAVE BEEN HEARD…And now the cry ...Published: 22 Aug 2022 at 11:11hrs | 1166 | by Patrick Guramatunhu
Councils defy govt fire tender directive
MAJOR local authorities have united in rejecting fire tenders imposed on them by Local Government minister July Moyo.Minister Moyo drew the ire of local authorities in June this year after ord...Published: 22 Aug 2022 at 07:09hrs | 240 | by Staff reporter
Mthuli Ncube told to come clean on IMF funds
FINANCE minister Mthuli Ncube has been told to come clean on the utilisation and disbursement of the International Monetary Fund (IMF) Special Drawing Rights (SDR) funds.The Budget and Finance...Published: 22 Aug 2022 at 07:09hrs | 470 | by Staff reporter
'We're winning (2023) Big! Faka pressure!' claim Chamisa - Doesn't even know who is piling what pressure and on whom?
For the first twenty years of our independence the nation trusted the late Robert Mugabe and his Zanu PF cronies whole heartedly, they were the liberation war heroes and heroines would could do no wro...Published: 05 Aug 2022 at 09:44hrs | 1426 | by Patrick Guramatunhu
Zimbabwe banking on gold to fight inflation
With inflation soaring in Zimbabwe and the country's currency in free fall as people abandon it for the US dollar, the government of President Emmerson Mnangagwa is fighting back with a novel strategy...Published: 31 Jul 2022 at 09:13hrs | 1175 | by Lesley Wroughton
Zimbabwe to host high-level forum on debt resolution
The Zimbabwean government said Thursday it will soon host a high-level debt resolution forum with development partners and other stakeholders aimed at building consensus among stakeholders on resolvin...Published: 29 Jul 2022 at 06:56hrs | 503 | by Staff reporter
Zimbabwe misses out on G7 stimulus package
ZIMBABWE missed out on a G7-backed multi-billion-dollar stimulus package designed to help countries of the global South weather economic shocks caused by the Covid-19 pandemic.The reason for t...Published: 25 Jul 2022 at 07:57hrs | 783 | by Staff reporter
Tsvangirai ex-advisor to run for president
One of late former prime minister Morgan Tsvangirai's ex-advisors Maxwell Shumba says he will contest the 2023 presidential elections using public welfare as his major selling point.The United...Published: 24 Jul 2022 at 10:02hrs | 1243 | by Staff reporter
Treasury yet to disburse US$30m industry bailout
TREASURY is yet to disburse about US$30 million it promised to industry under the Special Drawing Rights (SDR) to boost capacity utilisation and save some firms from total collapse.This was re...Published: 23 Jul 2022 at 07:32hrs | 64 | by Staff reporter
Zimbabweans have suffered long enough, says African Development Bank boss
THE African Development Bank (AfDB) says it has accepted to assist Zimbabwe's US$13,5 billion debt clearance plan partly because of the need to alleviate the country's citizens from the impact of extr...Published: 13 Jul 2022 at 07:26hrs | 12517 | by Staff reporter
AfDB to lead Zimbabwe debt clearance roadmap
AFRICAN Development Bank (AfDB) president Dr Akinwumi Adesina has formally accepted President Mnangagwa's request to lead Zimbabwe's debt clearance strategy, which is key for Harare to unlock fresh fu...Published: 13 Jul 2022 at 07:17hrs | 153 | by Staff reporter
'Chamisa could defeat the unreformed Mnangagwa'
ZIMBABWE has been reeling under a multifaceted economic and political crisis since 2000, and it appears there is no end in sight. Amid chronic high inflation, Zimbabwe is confronted with a crucial gen...Published: 12 Jul 2022 at 18:17hrs | 5582 | by Staff reporter
African Development Bank Group Chief in Zimbabwe to get Debt Clearance Plan Underway
HARARE - African Development Bank Group President Dr. Akinwumi Adesina arrived in Zimbabwe at the start of a two-day official visit to the country.Adesina accepted a request in February by the...Published: 12 Jul 2022 at 14:15hrs | 532 | by APO
ZimFund $23 Million Power Project Ready to Roll with Delivery of New Transformer
HARARE, Zimbabwe - An Emergency Power Infrastructure Rehabilitation Project funded by ZimFund, has reached the last leg of implementation with the deliver...Published: 12 Jul 2022 at 08:17hrs | 1047 | by APO
Zimbabwe's forex earnings to reach US$12 billion this year
ZIMBABWE registered US$4,9 billion of foreign currency inflows during the first five months of this year, and is on course to surpass the 2021 record of US$9,7 billion, a senior official has said....Published: 30 Jun 2022 at 06:43hrs | 450 | by Staff reporter
Zamco winds up operations
THE Zimbabwe Asset Management Company (Zamco) is winding up operations after it paid off, last year, the $1,2 billion it received from the Government to acquire Non-Performing Loans (NPLs).Zam...Published: 17 Jun 2022 at 08:14hrs | 39 | by Staff reporter
Zacc probes 22 cases of unexplained wealth
THE Zimbabwe Anti-Corruption Commission (ZACC) is investigating 22 cases of unexplained wealth involving externalisation of more than US$22 million. In a statement, ZACC said it was closely wo...Published: 15 Jun 2022 at 07:30hrs | 446 | by Staff reporter
'Timely IMF boost saved Zimbabwe'
A PAN African lender has ranked Zimbabwe among the biggest beneficiaries of the US$33 billion injected into the region's economies by the International Monetary Fund (IMF) last year.Africa Exp...Published: 14 Jun 2022 at 06:41hrs | 586 | by Staff reporter
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 4325 | by Victor Bhoroma
Zimbabwe abandons debt relief initiative
The Zimbabwe government has abandoned its plan to access a debt relief facility under the Highly Indebted Poor Countries (HIPC) initiative, meant to resolve its unsustainable debt, Business Times repo...Published: 02 Jun 2022 at 09:29hrs | 1158 | by Staff reporter
IMF warns against Zimbabwe war veterans compensation
THE International Monetary Fund (IMF) has warned that the government's decision to compensate war veterans could have a major strain on the country's debt overhang.This comes after the governm...Published: 27 May 2022 at 20:17hrs | 2240 | by Staff reporter
Zimbabwe's inflation back above 100%
Zimbabwe's annual inflation jumped to 131 percent in May – the highest it has been since June last year – as it responds to the massive devaluation of the local currency and runaway price increase...Published: 25 May 2022 at 17:22hrs | 1149 | by Staff reporter
ZANU PF MPs want 2023 elections postponed
With the party popularity nosediving from 51% in 2018 down to below 30% at present due to poverty, unemployment and poor economic policies, ZANU PF Members of Parliament (MPs) are sensing danger and w...Published: 25 May 2022 at 10:26hrs | 4670 | by John Mbizvo
'Zanu-PF uses State funds to buy votes'
LEGAL think-tank, Veritas says the Zanu-PF government is likely to ignore recommendations by the International Monetary Fund (IMF) to resuscitate the economy in favour of "populist" policies that will...Published: 25 May 2022 at 06:33hrs | 211 | by Staff reporter
ZANU-PF MPs want 2023 elections postponed
With the party popularity nosediving from 51% in 2018 down to below 30% at present due to poverty, unemployment and poor economic policies, ZANU PF Members of Parliament (MPs) are sensing danger and w...Published: 21 May 2022 at 16:05hrs | 475 | by John Mbizvo, Political Analyst
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