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Retail outlets closes amid ZWG fluctuation
The recent spate of closures among prominent retail outlets in Zimbabwe has prompted Parliament to demand an explanation from Finance Minister Mthuli Ncube. The closures, attributed to the ongoing eco...Published: 19 hrs ago | 4077 | by Staff reporter
Zanu-PF to splash cash on 174 cars
ZANU-PF, Zimbabwe's ruling party, is set to make a significant investment in its transportation fleet, planning to purchase 174 new twin and single cab vehicles. This move, revealed in the party's 202...Published: 03 Nov 2024 at 10:22hrs | 4635 | by Staff reporter
Zimbabwe MPs go 9 months without allowances
In an unusual display of cross-party solidarity, Members of Parliament (MPs) in Zimbabwe have voiced their dissatisfaction regarding delayed disbursements of allowances, which they claim are severely ...Published: 02 Nov 2024 at 08:50hrs | 812 | by Staff reporter
Management shake up at RBZ
The Reserve Bank of Zimbabwe (RBZ) is initiating a significant remodelling of its management structure as newly appointed Governor John Mushayavanhu aims to assemble a capable team to address the coun...Published: 01 Nov 2024 at 06:48hrs | 2455 | by Staff reporter
Economy registers three-year growth, says Prof Ncube
Zimbabwe has sustained robust economic growth over the past three years, averaging an impressive 6.8 percent annually, despite significant currency fluctuations, Finance, Economic Development, and Inv...Published: 31 Oct 2024 at 06:48hrs | 89 | by Staff reporter
'Zanu-PF ignores economy over ED2030 agenda'
The recently concluded Zanu-PF annual conference in Bulawayo has drawn sharp criticism from political analysts, who argue that the event underscored the ruling party's indifference toward Zimbabwe's e...Published: 30 Oct 2024 at 07:55hrs | 224 | by Staff reporter
Even Chinamasa knows ED can't be trusted
In the tumultuous world of Zimbabwean politics, trust is a rare commodity. Nowhere is this more evident than in the ongoing discourse within ZANU-PF about extending President Emmerson Mnangagw...Published: 29 Oct 2024 at 21:43hrs | 1816 | by Tendai Ruben Mbofana
Devaluation fails to halt ZiG free-fall
Zimbabwe's new local currency, the Zimbabwe Gold (ZiG), has taken another hit, losing an additional 11% of its value in under a month following a substantial 43% "devaluation" announced by monetary au...Published: 29 Oct 2024 at 13:49hrs | 4487 | by Staff reporter
Choppies mulls Zimbabwe exit
Botswana-based retailer Choppies Enterprise Limited is contemplating a withdrawal from the Zimbabwean market, citing significant financial pressure stemming from the instability of the newly introduce...Published: 29 Oct 2024 at 07:44hrs | 6734 | by Staff reporter
Slap in the face for ED2030 brigade
In a dramatic turn of events at Zanu-PF's annual people's conference held in Bulawayo, party loyalists fervently pushed for a resolution to amend the Constitution, allowing President Emmerson Mnangagw...Published: 28 Oct 2024 at 07:08hrs | 1700 | by Staff reporter
Bolivia's Morales survives assassination attempt
Bolivia's Evo Morales said on Sunday his vehicle was hit by gunfire captured in a video, reflecting how political tensions have turned violent in the Andean nation between the former leader and his on...Published: 27 Oct 2024 at 14:42hrs | 797 | by Staff reporter
Why would Mnangagwa risk destroying Zimbabwe's stability for a measly two-year extension?
As the ZANU-PF National Conference unfolds in Bulawayo, Zimbabwe finds itself embroiled in a deeply troubling debate. Prominent voices within the ruling party are pushing for President Emmerso...Published: 26 Oct 2024 at 09:40hrs | 692 | by Tendai Ruben Mbofana
Zimbabwe needs alternative to US$
Persistence Gwanyanya, a member of the Reserve Bank of Zimbabwe's (RBZ) Monetary Policy Committee, has underscored the urgent need for alternatives to the US dollar as a store of value, highlighting c...Published: 25 Oct 2024 at 14:40hrs | 562 | by Staff reporter
US investment in Zimbabwe's mining stall, Chinese investment booming
Zimbabwe's mining sector, despite being rich in natural resources, is facing challenges in attracting substantial investment from U.S. companies. Experts attribute this to policy inconsistency and cur...Published: 22 Oct 2024 at 17:16hrs | 1788 | by Staff reporter
Factional fighting in ZANU PF: Is Mnangagwa's quest for power putting Zimbabwe at risk?
IN 2017, Simon Khaya Moyo, the then ZANU-PF spokesperson, described Emmerson Mnangagwa as "dishonest," "divisive," and "deceptive" when the ruling party dismissed him. Today, these descriptors...Published: 20 Oct 2024 at 17:22hrs | 1068 | by Tendai Ruben Mbofana
RBZ blames speculative behaviour for ZiG's woes
The Reserve Bank of Zimbabwe (RBZ) has attributed the recent collapse of the newly introduced Zimbabwe Gold (ZiG) currency to rampant rent-seeking behavior and speculative activities within the parall...Published: 20 Oct 2024 at 14:12hrs | 236 | by Staff reporter
Calls for US$ salaries grow louder in Zimbabwe
The Zimbabwe Congress of Trade Unions (ZCTU) has once again called for workers to be paid in United States dollars until the government stabilizes the country's economic fundamentals, arguing that thi...Published: 19 Oct 2024 at 12:11hrs | 201 | by Staff reporter
Zimbabwe's resilience: A nation's ability to overcome economic challenges, from sanctions to currency instability
For over two decades, Zimbabwe has been a nation under siege. Economic sanctions, imposed primarily by the United States and its Western allies, have crippled the country's economy, creating one of th...Published: 18 Oct 2024 at 11:56hrs | 154 | by Michael Badze
Collen Malatji issues fiery warning to Ramaphosa
In a passionate and defiant address during a march from Luthuli House to the Johannesburg Stock Exchange (JSE) in Sandton, African National Congress Youth League (ANCYL) President Collen Malatji deliv...Published: 11 Oct 2024 at 17:17hrs | 619 | by Staff reporter
Welshman Ncube, Timba factions clash over political parties funds
Chaos and disorder continue to plague the opposition Citizens Coalition for Change (CCC) as internal factions escalate their battle over the distribution of funds under the Political Parties (Finance)...Published: 11 Oct 2024 at 15:42hrs | 407 | by Staff reporter
Let us prevent another land reform in the future
The land reform program initiated by Zanu-PF in the early 2000s was one of the most defining moments in Zimbabwe's post-independence history. While the need for land redistribution was deeply rooted i...Published: 11 Oct 2024 at 08:28hrs | 388 | by Jacob Kudzayi Mutisi
Dollarisation the worst thing to do for Zimbabwe
The Zimbabwean government has remained resolute in its decision not to revert to full dollarisation, despite growing calls from businesses and citizens who prefer the United States dollar over the rap...Published: 10 Oct 2024 at 13:46hrs | 1669 | by Staff reporter
'Africa still feeling effects of brutal colonial past'
President Emmerson Mnangagwa has emphasized that Africa continues to feel the effects of its brutal colonial history, a legacy that still hinders its progress today. In a speech read on his behalf by ...Published: 07 Oct 2024 at 07:57hrs | 138 | by Staff reporter
American activists called on U.S. authorities to stop supporting Ukraine and halt arms supplies
A meeting of the non-profit organization, "Ecological Union of Pacifists and Nonconformists," with journalists and public figures, was held in New York recently. The meeting took the form of a confere...Published: 06 Oct 2024 at 11:06hrs | 512 | by Staff Reporter
Mnangagwa's SONA lacks solutions
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has faced sharp criticism for failing to address Zimbabwe's pressing crises, leaving many feeling uninspired and disillusioned....Published: 04 Oct 2024 at 08:48hrs | 299 | by Staff reporter
BF residents fear tower light will fall on houses
Residents of Barbourfields in Bulawayo are living in fear as a tower light, compromised by stolen metal bars, teeters on the brink of collapse, endangering nearby houses and community members. The ins...Published: 03 Oct 2024 at 08:48hrs | 272 | by Staff reporter
Zimbabwe's currency conundrum: Meagre gold reserves can't sustain the ZiG
Today, during his State of the Nation Address (SONA), President Emmerson Dambudzo Mnangagwa announced that the government would set aside 50% mineral royalties to shore up the local currency. ...Published: 02 Oct 2024 at 20:53hrs | 2931 | by Tendai Ruben Mbofana
'RBZ's monetary policy not the root cause of ZiG devaluation'
Recent findings by an anonymous economist suggest that the Reserve Bank of Zimbabwe's (RBZ) monetary policy may not be the root cause of the depreciation of the Zimbabwean dollar (Zig). The analysis e...Published: 02 Oct 2024 at 11:36hrs | 1354 | by Staff reporter
Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 621 | by Staff reporter
Zimbabwe retailers rejects forced de-dollarisation
Zimbabwean retailers have issued a stark warning to the government regarding the potential consequences of de-dollarising the economy, cautioning that such a move could have catastrophic effects. This...Published: 02 Oct 2024 at 07:55hrs | 728 | by Staff reporter
Mnangagwa's SONA headache
President Emmerson Mnangagwa is set to deliver his State of the Nation Address (SONA) today, facing mounting public discontent over a deepening currency crisis, soaring living costs, widespread hunger...Published: 02 Oct 2024 at 07:53hrs | 929 | by Staff reporter
Exposing economic saboteurs threatening Zimbabwe's future
THE introduction of the Zimbabwe Gold Currency (ZiG) symbolised a shift toward economic sovereignty, self-reliance and stability. Yet, instead of celebrating this monumental effort, some individuals w...Published: 02 Oct 2024 at 07:49hrs | 248 | by Innocent Mujeri
Supermarkets, vendors reject ZiG
In a significant economic shift, supermarkets, vendors, commuter omnibus operators, and tuckshops across Zimbabwe have stopped accepting payments in the local ZiG currency. This decision follows Reser...Published: 01 Oct 2024 at 09:10hrs | 1296 | by Staff reporter
'Zimbabweans bear brunt of instability'
A significant majority of Zimbabweans, six out of ten, believe that elections, political violence, and intimidation are the greatest threats to peace in the country, according to a new report by ZimRi...Published: 30 Sep 2024 at 12:16hrs | 571 | by Staff reporter
Bulawayo pegs 2025 budget at US$309m
The Bulawayo City Council (BCC) has unveiled a proposed budget of US$309 million for 2025, marking a 17% increase from the US$264 million budget for 2024. The proposal, presented by the Finance and De...Published: 30 Sep 2024 at 07:44hrs | 104 | by Staff reporter
Zanu-PF, opposition and the road to 2028
Zanu-PF's internal power dynamics regarding President Emmerson Mnangagwa's tenure beyond the constitutionally mandated two terms ending in 2028 and the state of the currently fractured opposition....Published: 29 Sep 2024 at 11:32hrs | 240 | by Zimbabwe Democracy Institute
Mayor Coltart criticises ZiG, after sharp devaluation
On Friday, Bulawayo's Mayor, David Coltart, took to Twitter to express his concern over the sudden devaluation of Zimbabwe's newly introduced currency, th...Published: 28 Sep 2024 at 06:48hrs | 2052 | by Staff Reporter
An Open Letter to Finance Minister Mthuli Ncube
Dear Finance Minister Mthuli Ncube,As you navigate the complexities of Zimbabwe's economic landscape, a pressing matter deserves your urgent attention: the persistent depreciation of the Zimba...Published: 27 Sep 2024 at 22:51hrs | 840 | by Engineer Jacob Kudzayi Mutisi
'Govt must adjust ZiG salaries following currency devaluation'
The Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) has called on Finance Minister Mthuli Ncube and the government to take immediate action in adjusting salaries following the official devaluatio...Published: 27 Sep 2024 at 17:52hrs | 1880 | by Staff reporter
Zimbabwe's gold backed currency ZiG plummets by over 75%
The Reserve Bank of Zimbabwe (RBZ) today allowed the Zimbabwe Gold (ZiG) currency to fall by over 74% against the US dollar, following weeks of mounting pressure on the currency introduced in April. A...Published: 27 Sep 2024 at 13:56hrs | 953 | by Staff reporter
Cosatu slams Ramaphosa's 'sellout' GNU government
Long serving ANC alliance partner the Congress of South African Trade Unions (Cosatu) in KwaZulu-Natal has broken ranks, saying the once-ruling party was teetering on the brink of total collapse due t...Published: 27 Sep 2024 at 08:52hrs | 295 | by Staff reporter
'Zimbabwe's feja-feja economics not working'
Major retail shops in Zimbabwe adjusted their exchange rates to ZiG30 per dollar yesterday as the local currency continued to falter, a day after President Emmerson Mnangagwa accused economic "saboteu...Published: 27 Sep 2024 at 08:26hrs | 284 | by Staff reporter
War veterans reject Mnangagwa's third term
In a significant political development, war veterans have publicly declared their opposition to President Emmerson Mnangagwa's push for a third term as part of the ED2030 campaign, signaling widening ...Published: 26 Sep 2024 at 13:41hrs | 2743 | by Staff reporter
Speculation swells over Mnangagwa aborted trip
President Emmerson Mnangagwa's sudden decision to cancel his scheduled trip to the United Nations General Assembly has ignited speculation about growing tensions within the country's leadership. The a...Published: 26 Sep 2024 at 13:38hrs | 2682 | by Staff reporter
Is the Buy Zimbabwe campaign a flop?
The Buy Zimbabwe Campaign, launched over a decade ago, was designed to promote locally manufactured goods and services, reduce the trade deficit, and bolster economic growth. While the campaign's obje...Published: 20 Sep 2024 at 11:48hrs | 362 | by Staff reporter
WATCH: South Africa general work Visa step by step application
Prominent civil society activist Nicholas Ngqabutho Mabhena, chairperson of the Zimbabwe Community in South Africa, has provided insights into obtaining a general work visa, a crucial pathway for fore...Published: 19 Sep 2024 at 08:38hrs | 1376 | by Staff reporter
Mnangagwa's govt in a fix as ZiG is rejected
The Zimbabwean government's efforts to promote the use of the Zimbabwe Gold (ZWG) currency have hit a major hurdle, as wheat farmers have refused to accept payment in local currency for their deliveri...Published: 18 Sep 2024 at 08:30hrs | 5439 | by Staff reporter
Zimbabwean diaspora urged to care for parents
A Zimbabwean official from a drought-stricken southern district has issued a heartfelt plea for Zimbabwean immigrants living in neighboring South Africa to urgently assist their families and relatives...Published: 17 Sep 2024 at 09:13hrs | 865 | by Staff reporter
World Bank says Zimbabwe needs economic stability to advance debt talks
Zimbabwe needs an uninterrupted period of macroeconomic stability of at least 12 months to help advance debt talks with international creditors over $21 billion it owes, the World Bank said.Ha...Published: 17 Sep 2024 at 06:52hrs | 408 | by Staff reporter
SA gives Zimbabwean immigrants lifeline
Vusumuzi Dube, a 48-year-old former lecturer from Gwanda North in Matabeleland South, has no regrets about his decision to migrate to South Africa in 2007. Dube, who was previously employed at Joshua ...Published: 16 Sep 2024 at 08:13hrs | 1307 | by Staff reporter
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