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Weak currency key to economic growth, says Mthuli Ncube
Finance, Economic Development and Investment Promotion Minister Mthuli Ncube has defended Zimbabwe's weak domestic currency, asserting that it has played a crucial role in fostering economic growth. S...Published: 31 Oct 2024 at 06:52hrs | 637 | by Staff reporter
Zimbabwean industry urged to brace for AfCFTA competition
Zimbabwe's local industry must be ready for competition from across the continent as the African Continental Free Trade Area (AfCFTA) comes into force, Industry and Commerce Minister Mangaliso Ndlovu ...Published: 29 Oct 2024 at 07:22hrs | 125 | by Staff reporter
Zimbabwe attracts US$1.2 billion in investments in Q3 of 2024
Zimbabwe attracted investments worth US$1.2 billion during the third quarter of 2024, with 168 new licences issued to investors by the Zimbabwe Investment and Development Agency (ZIDA), according to a...Published: 23 Oct 2024 at 07:45hrs | 112 | by Staff reporter
High passport fees may hinder Zimbabwe's remittance flows
The Zimbabwe Banks and Allied Workers Union (Zibawu) has raised concerns that the country's high passport fees could significantly impede remittance flows by restricting citizens' migration opportunit...Published: 18 Oct 2024 at 12:30hrs | 3904 | by Staff reporter
Zimbabwe reviews national diaspora policy
The Government of Zimbabwe has launched a comprehensive review of its National Diaspora Policy, aimed at fostering stakeholder engagement and ensuring inclusive participation in national initiatives. ...Published: 17 Oct 2024 at 08:56hrs | 133 | by Staff reporter
Bulawayo water crisis deepens
Bulawayo residents are grappling with a severe water crisis as the Bulawayo City Council (BCC) announced the extension of the water-shedding schedule from 120 hours to 130 hours per week, effective to...Published: 09 Oct 2024 at 07:42hrs | 168 | by Staff reporter
Mnangagwa frets over resurgent black market
In his State of the Nation Address (SONA) delivered during the official opening of the second session of the 10th Parliament in Mt Hampden, President Emmerson Mnangagwa expressed deep concern over the...Published: 03 Oct 2024 at 08:58hrs | 607 | by Staff reporter
Mnangagwa warns forex dealers
In a bold move to stabilize the beleaguered Zimbabwe Gold (ZWG) currency, President Emmerson Mnangagwa announced on Wednesday that 50% of mining royalties will be allocated to bolster the currency's r...Published: 03 Oct 2024 at 08:58hrs | 1079 | by Staff reporter
Zimbabwe govt working on currency stability
In a comprehensive State of the Nation Address delivered yesterday at the new Parliament Building in Mt Hampden, President Emmerson Mnangagwa highlighted the government's ongoing efforts to stabilize ...Published: 03 Oct 2024 at 08:47hrs | 167 | by Staff reporter
Bulawayo water crisis deepens
The Bulawayo City Council (BCC), which decommissioned Umzingwane Dam last November, is now facing an even graver water crisis as the city prepares to decommission another supply dam, Upper Ncema, toda...Published: 03 Oct 2024 at 08:47hrs | 168 | by Staff reporter
Zambezi River Authority increases 2025 water allocation
The Zambezi River Authority (ZRA) has announced an increase in water allocation for power generation in 2025 to 27 billion cubic meters (BCM), a significant rise from the 16 BCM allocated at the begin...Published: 27 Sep 2024 at 15:42hrs | 504 | by Staff reporter
RBZ raises bank policy rate to 35%
The Reserve Bank of Zimbabwe (RBZ) has announced significant measures to tackle resurgent exchange rate volatility and mitigate inflationary pressures. Effective immediately, the bank policy rate has ...Published: 27 Sep 2024 at 15:29hrs | 1308 | by Staff reporter
Parliament face to face with Bulawayo water woes
Bulawayo's escalating water shortages took center stage yesterday as parliamentarians engaged directly with the dire situation affecting the city. With the water supply dam levels in continuous declin...Published: 25 Sep 2024 at 11:34hrs | 769 | by Staff reporter
Ntabazinduna poised to become a smart city
The Umguza Rural District Council (RDC) is transforming the Ntabazinduna area into a smart city, with the industrial corridor along the Ntabazinduna Road turn-off from the Bulawayo-Harare Road already...Published: 19 Sep 2024 at 07:30hrs | 1082 | by Staff reporter
Chiwenga says Zimbabwe's monetary policy is in line with SADC integration
Zimbabwe's advancements in the gold sector, including the adoption of a floating exchange rate framework, align closely with the Southern African Development Community's (SADC) goal of achieving regio...Published: 14 Sep 2024 at 16:13hrs | 902 | by Staff reporter
Chiwenga backs ZiG
Zimbabwe's monetary policy framework, coupled with the introduction of a stable currency, the Zimbabwe Gold (ZiG), has fostered transactional simplicity, certainty and predictability in the country's ...Published: 13 Sep 2024 at 13:10hrs | 2085 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9559 | by Staff reporter
Kariba Dam levels worsen
The Zambezi River Authority (ZRA) has reported that severe rainfall shortages and the El Niño-induced drought of the 2023/24 season continue to impact water levels in Lake Kariba.As of this y...Published: 28 Aug 2024 at 10:19hrs | 467 | by Staff reporter
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: 26 Jul 2024 at 06:39hrs | 515 | by Staff reporter
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 79 | by Dr Bekithemba Mpofu
Zimbabwe has lost over 800MW at Kariba
Energy and Power Development minister Edgar Moyo addressed Parliament regarding the current power supply crisis in Zimbabwe, attributing it to hydrological challenges at the Kariba South Hydroelectric...Published: 24 Jun 2024 at 07:06hrs | 12 | by Staff reporter
Bulawayo facing a severe water crisis
Bulawayo is facing a severe water crisis, with its supply dams at just over 33% capacity. The city council has already decommissioned Umzingwane Dam and warns that Upper and Lower Ncema dams will also...Published: 16 Jun 2024 at 09:09hrs | | by Staff reporter
Bulawayo tightens water rationing
THE Bulawayo City Council has further tightened its water rationing regime and introduced punitive fines for those exceeding daily expected limits.The stringent measures contained in the lates...Published: 09 Jun 2024 at 09:09hrs | 15 | by Staff reporter
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 11 | by Dr Bekithemba Mpofu
Mnangagwa says Zimbabweans must not be shy to make money
Zimbabweans should not hesitate to make money, as the government has created a conducive environment for economic success, President Emmerson Mnangagwa stated.Speaking at the commissioning of ...Published: 18 May 2024 at 10:59hrs | 14 | by Staff reporter
Strategic Analysis of Zimbabwe's Monetary Policy and Its Implications on the Real Estate Sector
Introduction The Reserve Bank of Zimbabwe unveiled a new monetary policy aimed at stabilizing the country's currency and economy. The policy focuses on ...Published: 07 Apr 2024 at 09:17hrs | 5 | by Dr Bekithemba Mpofu
Bulawayo to decommission 2 more dams as Gwayi-Shangani stalls
BULAWAYO City Council (BCC) has warned that Upper Ncema and Lower Ncema will likely be decommissioned in about six months, a development set to further worsen the city's already dire water situation....Published: 20 Mar 2024 at 06:33hrs | 2 | by Staff reporter
Bulawayo's 120-hour water shedding to continue
BULAWAYO residents will continue receiving water for only two days per week, as water levels continue to dwindle at major supply dams due to drought, with the possibility of further tightening of the ...Published: 13 Mar 2024 at 05:07hrs | 1 | by Staff reporter
Southern Africa just had its driest February on record
A swathe of Southern Africa suffered the driest February in decades that wiped out crops, precipitated power shortages and threatened to send already high food prices surging further.Last mont...Published: 11 Mar 2024 at 17:10hrs | 3 | by Staff reporter
Kariba Dam runs dry?
Zimbabwe and Zambia - already struggling with food shortages - are now reeling from low power generation at the Kariba power station due to the same underlying cause: El Niño.The climate syst...Published: 08 Mar 2024 at 05:14hrs | 6 | by Staff reporter
Zimbabwe faces crippling power outages
ZIMBABWE faces crippling power cuts after the Zambezi River Authority (ZRA) announced that water levels at Lake Kariba have slightly decreased compared to the recordings made last year during the same...Published: 08 Mar 2024 at 05:09hrs | | by Staff reporter
Diarrhoea outbreak hits Bulawayo
BULAWAYO residents have been urged to exercise extreme caution and adhere to strict hygiene standards following reports of a diarrhoea outbreak linked to water shortages, with Cowdray Park suburb bein...Published: 06 Mar 2024 at 04:49hrs | 1 | by Staff reporter
Bulawayo's worst water crisis in decade
BULAWAYO could face its worst water crisis in the past 10 years, with statistics at hand showing that its supply dams are in the red, a few weeks before the official ending of the rainy season in Zimb...Published: 03 Mar 2024 at 08:47hrs | 3 | by Staff reporter
Zinara to roll out expensive e-tolling system
THE Zimbabwe National Road Administration (Zinara) will begin rolling out e-tolling before the end of the year to improve efficiency, motorists' convenience and reduce operational costs.E-toll...Published: 29 Feb 2024 at 04:59hrs | | by Staff reporter
Coltart hails Bulawayo water crisis 'consensus' meeting
Bulawayo mayor David Coltart said there was now a "broad consensus" to solve the city's perennial water problems after a meeting with water minister Anxious Masuka on Wednesday.Coltart has bee...Published: 28 Feb 2024 at 18:45hrs | 20 | by Staff reporter
Bulawayo water crisis worsens
BULAWAYO is sitting on a health time bomb as the city's water woes continue to mount with most suburbs going for weeks without running tap water, forcing residents to resort to unhygienic water source...Published: 27 Feb 2024 at 03:06hrs | 1 | by Staff reporter
A life-giving greenbelt in Matabeleland South
AMID the anxiety and disillusionment occasioned by projections of below-normal rains in the 2023-2024 summer cropping season due to the El Niño weather phenomenon, some farmers opted not to plant any...Published: 25 Feb 2024 at 07:07hrs | 1 | by Staff reporter
Bulawayo's supply dams now 'terribly' low
Bulawayo Mayor, Councillor David Coltart says the city's supply dams are now "terribly" low due to low inflows, a situation that is causing a major water crisis compounded by rising temperatures....Published: 21 Feb 2024 at 20:46hrs | 1 | by Staff reporter
Bulawayo resident to experience long periods without water
BULAWAYO residents are expected to experience long periods without water as repairs and maintenance that were being done at Ncema Water Works have taken longer than anticipated.The council is ...Published: 20 Feb 2024 at 05:03hrs | | by Staff reporter
Zimbabwe records jump in investment proposals
Zimbabwe saw a massive growth in the value of proposed investments in the fourth quarter of 2023 despite approving fewer new investor licenses, according to the Zimbabwe Investment and Development Age...Published: 16 Feb 2024 at 04:56hrs | | by Staff reporter
Bard Santner sets up New York office
HARARE - Local financial services firm Bard Santner Inc has set up an office in New York, United States, in a move to attract capital investment and transaction opportunities offshore.The comp...Published: 15 Feb 2024 at 18:42hrs | 11 | by Staff Reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 2 | by Staff reporter
Zimbabwe to use gold to back its currency
Zimbabwe is working on new measures to stabilise its local currency including linking the exchange rate to hard assets such as gold and creating a currency board, Finance Minister Mthuli Ncube said on...Published: 12 Feb 2024 at 11:31hrs | 1 | by Staff reporter
Lake Kariba water levels rise
Lake Kariba water levels have been rising steadily from localised rains, doubling 2023 levels over the same period, raising hopes of increased water available for power generation.With the Sou...Published: 30 Jan 2024 at 18:43hrs | | by Staff reporter
Zimdollar flounders
Zimbabwe's central bank will hold its first rate-setting meeting of the year next Monday as it seeks to deal with a currency rout.The monetary policy committee will meet "to discuss interventi...Published: 25 Jan 2024 at 06:37hrs | 1 | by Staff reporter
Zimbabwe, UK enter new trade era
THE influential Westminster Africa Business Group has expressed its interest to set up camp in Zimbabwe and open doors for British investments to come into the country.This comes as Zimbabwe h...Published: 24 Jan 2024 at 04:48hrs | | by Staff reporter
Fresh measures to prop up Zimdollar
The GOVERNMENT is set to unveil new interventions, which may include reforming the foreign currency auction system and boosting foreign currency supply in the market, to deal with the recent volatilit...Published: 21 Jan 2024 at 07:27hrs | | by Staff reporter
Zimdollar further tumbles against US dollar
The cost of goods and services keeps on increasing in Zimbabwe as the local currency depreciates against the U.S. dollar, a trend that accelerated at the beginning of 2024.The local dollar, which ...Published: 18 Jan 2024 at 17:52hrs | | by Staff reporter
15 dams full, levels rise except in Matebeleland region
AT least 15 of the country's major dams are now full following the good rains received across the country in recent weeks with Lake Chivero in Norton already spilling, a Zimbabwe National Water Author...Published: 12 Jan 2024 at 04:59hrs | 5 | by Staff reporter
Zimdollar plunges 40% on black market
Zimbabwe's dollar has started the new year on the back foot, plunging more than 40% on the parallel market, as high demand for foreign-exchange continues to outstrip supply.A range of factors,...Published: 11 Jan 2024 at 15:21hrs | 8 | by Staff reporter
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