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Mnangagwa's gamble works for the economy
Monetary Policy is defined as an attempt to achieve broad economic goals by the regulation of the supply of money. The 2018 Monetary Policy Statement (MPS) was prepared on the narrative that Zimbabwe ...Published: 55 mins ago | 472 | by Dr Masimba Mavaza
Mugabe kicked off Mazowe farm
FORMER President Robert Mugabe and his wife, Grace, along with their family business, Gushungo Holdings have been evicted from a Mazowe farm following an application by three farmers who were claiming...Published: 20 hrs ago | 5058 | by Staff reporter
RBZ to stabilise exchange rate
The Reserve Bank of Zimbabwe (RBZ) says it has put in place adequate safeguards to ensure stability of exchange rates after the apex bank this week floated the US dollar on the interbank market....Published: 24 hrs ago | 2671 | by Staff reporter
Unpacking floating of exchange rate by Zimbabwe
The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Mangudya in his monetary policy statement liberalised the exchange rate that is, departing from the 1:1 position of the bond notes or real time gr...Published: 24 hrs ago | 837 | by Dr Mugano
Bond note, RTGS model didn't fail, says Mangudya
Following the announcement of the Monetary Policy Statement (MPS) by Reserve Bank of Zimbabwe governor John Mangudya (JM) this week that effectively liberalised the exchange rate between the US dollar...Published: 22 Feb 2019 at 09:16hrs | 1117 | by Staff reporter
Zimbabwe banking sector stable, but assets quality deteriorates
ZIMBABWE'S banking sector remained generally stable and adequately capitalised during the year ended December 2018, but the quality of assets deteriorated as reflected by the increase in the average n...Published: 22 Feb 2019 at 09:01hrs | 90 | by Staff reporter
Banking sector profits jump 61%
ZIMBABWE's banking sector has recorded a 61 percent jump in aggregate profits to $390 million for the year ended 31 December 2018 when compared to $242 million in 2017, according to the Reserve Bank o...Published: 21 Feb 2019 at 22:34hrs | 878 | by Staff repprter
What will a teacher's strike in Zimbabwe mean
Following a lengthy dialogue, Zimbabwean teachers have decided to call off their strike. The talks for a strike have been going on for months now when the Zimbabwe Teachers' Association union decided ...Published: 21 Feb 2019 at 16:02hrs | 1986 | by Staff Reporter
'Zimdollar returns'
THE Reserve Bank of Zimbabwe (RBZ) has effectively brought back the local currency after denoting the existing electronic balances, bond notes and coins in circulation as real time gross settlement (R...Published: 21 Feb 2019 at 07:13hrs | 1677 | by Staff reporter
Jonathan Moyo angry over collapsing farm video
Exiled former Cabinet Minister Professor Jonathan Moyo has expressed his anger over a video that was taken by unknown people at his farm who alleged that the Professor is neglecting the land which he ...Published: 20 Feb 2019 at 09:55hrs | 3574 | by Mandla Ndlovu
China spends $2,5 billion on Zimbabwe
China has spent $2,5 billion on Zimbabwe, which is by far the highest amount of money it has ever advanced to any African country.Speaking at the 2019 Spring Festival Gala held in Harare on Su...Published: 19 Feb 2019 at 13:47hrs | 1821 | by Staff reporter
Honeymoon over for reckless directors
Employees and minority shareholders have edged closer to getting powers to take legal action against directors for breach of good faith when the Companies and Other Entities Bill, currently before Par...Published: 18 Feb 2019 at 22:58hrs | 3671 | by Staff reporter
Cops sue each other
A POLICE officer last week dragged her former husband to the Harare Civil Court applying $200 maintenance for three children.Winniefield Madyandove wanted $200 for the upkeep of their three ch...Published: 18 Feb 2019 at 15:00hrs | 2465 | by Staff reporter
Bosso capture Young Warriors gem
HIGHLANDERS have made yet another major scoop, tying down Zimbabwe national Under-20 attacking midfielder Devine Mhindiriri on a two-year deal as they ramp up their preparations for the 2019 Castle La...Published: 18 Feb 2019 at 07:16hrs | 1235 | by Staff reporter
3 reasons why it's all going wrong for Mnangagwa
HOW did things turn so bad for Zimbabwe's President Emmerson Mnangagwa?He won the disputed July 30 2018 elections, but even before the results were officially announced, protesters were being ...Published: 18 Feb 2019 at 07:09hrs | 1083 | by Stephen Chan
Bushiri's private jet attached
Self-proclaimed prophet Shepherd Bushiri's multimillion-rand private jet has been attached by the Asset Forfeiture Unit (AFU) - part of the National Prosecuting Authority (NPA) - amid allegations that...Published: 17 Feb 2019 at 08:32hrs | 8302 | by news24
First private teachers' college opens doors
Zimbabwe is adopting a vibrant education system that imparts knowledge, which is suitable for the exploitation of locally available resources for its transformation towards industrialisation and moder...Published: 17 Feb 2019 at 07:52hrs | 855 | by Staff reporter
'Magaya church not paying tax'
THE Walter Magaya-led Prophetic Healing and Deliverance Ministries was yesterday accused before a Harare magistrate of violating the Income Tax Act after failing to declare tax sales of over $28,7 mil...Published: 16 Feb 2019 at 20:17hrs | 2301 | by Staff reporter
Ex-MDC MP faces jail over bank loan
FORMER MDC legislator Paul Madzore risks civil imprisonment after he was taken to court by CBZ Bank Limited over a $22 000 debt.The financial institution issued summons for civil imprisonment ...Published: 15 Feb 2019 at 14:38hrs | 1099 | by Staff reporter
Banks plunge into fresh crisis
THE Reserve Bank of Zimbabwe (RBZ) shot down an urgent request by commercial banks to raise interest rates and transaction charges at a crisis meeting held in Harare last week, arguing the move would ...Published: 15 Feb 2019 at 14:35hrs | 3018 | by Staff reporter
Bosso off to Eastern Highlands
BULAWAYO soccer giants Highlanders on Wednesday moved their training camp to the Eastern Highlands after spending seven days in Matopos and began another leg away from the hustle and bustle of the Cit...Published: 15 Feb 2019 at 08:45hrs | 688 | by Staff reporter
ZPC to start Harare re-powering project
The Zimbabwe Power Company (ZPC) will commence re-powering project for Harare Power Station (generator number 2) in the first quarter of this year in a development that will add 60 megawatts to the na...Published: 15 Feb 2019 at 08:31hrs | 150 | by Staff reporter
Ncube, Mangudya policy tussle on monetary policy statement
POLICY efficacy doubts - both fiscal and monetary - in supporting a liberalised foreign currency market, effectively discarding the 1:1 US dollar-bond note/RTGS dollar peg, have arguably been the main...Published: 15 Feb 2019 at 08:27hrs | 512 | by Brett Chulu
Bosso kick out 'age cheating' goalkeeper
HIGHLANDERS have severed ties with former Mutare City Rovers goalkeeper, Alfredy Chiname, after discovering that the player falsified his age less than a month after penning a two-year deal. B...Published: 14 Feb 2019 at 07:12hrs | 550 | by Staff reporter
10 point plan to save Zimbabwe
Founder of the Coalition for Market and Liberal Solutions (COMALISO) Rejoice Ngwenya says Zimbabwe needs to adopt liberal economics for it to be extricated from its current problemsNgwen...Published: 13 Feb 2019 at 12:35hrs | 4732 | by Mandla Ndlovu
ZBC takes 5 ex-bosses to court over $6m prejudice
The Zimbabwe Broadcasting Corporation (ZBC) has dragged its four ex-senior executives and former board chairperson Cuthbert Dube to court for allegedly illegally benefitting themselves from $6 million...Published: 13 Feb 2019 at 08:46hrs | 1766 | by Staff reporter
Jailed Kereke to lose hospital, house over $3,2m debt
INCARCERATED former Reserve Bank of Zimbabwe adviser Munyaradzi Kereke, who is serving a 10-year jail sentence for rape, is set to lose his hospital and his Mount Pleasant property after CBZ Bank peti...Published: 13 Feb 2019 at 08:45hrs | 1266 | by Staff reporter
SRC grilled over $1,2m Potraz loan to Zifa
SPORT and Recreation Council (SRC) director of sport Joseph Muchechetere was yesterday grilled in Parliament over a $1,2 million loan which the SRC sourced from Potraz to fund the Zimbabwe senior nati...Published: 12 Feb 2019 at 07:41hrs | 197 | by Staff reporter
Bosso drops Madeya
HIGHLANDERS will be loaning out goalkeeper Nedrick Madeya after securing the services of former Bantu Rovers and Bulawayo City's Wellington Muuya and ex-Mutare City Rovers' Alfred Chiname.Made...Published: 12 Feb 2019 at 07:36hrs | 274 | by Staff reporter
What is a Startup business?
A startup is the living embodiment of a founder's dream. It represents the journey from concept to reality. It is one of the few times when you can take something that is only a dream and make it a re...Published: 11 Feb 2019 at 11:01hrs | 656 | by Enos Denhere
'Zimbabwe can raise 70% funding locally'
Finance and Economic Development Minister Professor Mthuli Ncube says Zimbabwe has potential to mobilise 70 percent of funding needed to finance key infrastructure projects on the domestic market, a s...Published: 10 Feb 2019 at 05:50hrs | 362 | by Staff reporter
Mthuli Ncube engages US over reforms, Zidera
Finance and Economic Development Minister Professor Mthuli Ncube is set to leave for the United States of America next month to apprise that country's government officials on positive developments the...Published: 10 Feb 2019 at 05:42hrs | 547 | by Staff reporter
Bread price slashed to $1,80
Government and bakers have agreed to reduce the price of bread from $2,20 to $1,80 a loaf, while Cabinet has approved a multi-million dollar package for businesses affected by the recent violent demon...Published: 10 Feb 2019 at 05:41hrs | 231 | by Staff reporter
Bread price slashed
THE price of bread has gone down to $1,90 per loaf from $2,50 but shortages remain. In Bulawayo supermarkets and Baker's Inn outlets, bread was selling at $1,90. A few outlets were selling a loaf at $...Published: 09 Feb 2019 at 07:04hrs | 3361 | by Staff reporter
Matabeleland to get $25m of the $100 from Econet
Matabeleland provinces will get 25 percent of the $100m Econet Challenge Fund announced this week by the firm's founder and executive chairman Mr Strive Masiyiwa and his wife Tsitsi to support rural e...Published: 09 Feb 2019 at 07:03hrs | 666 | by Staff reporter
Mnangagwa's worst British nightmare
PRESIDENT Emmerson Mnangagwa's quest to re-engage the international community suffered a severe blow this week after his key Western backer Britain expressed support for additional European sanctions ...Published: 08 Feb 2019 at 08:53hrs | 3476 | by Staff reporter
Mnangagwa's unskilled ministers to be sent to China
THE Chinese embassy is organising seminars in Beijing for Zimbabwean cabinet ministers and bureaucrats to help them learn how to engage top investors and financial institutions in the world's second l...Published: 08 Feb 2019 at 08:50hrs | 2278 | by Staff reporter
Afreximbank avails $255m letters of credit to Zimbabwe
The African Export Import Bank (Afreximbank) has availed US$255m letters of credit to Zimbabwe for fuel imports and the production of basic commodities in a bid to ensure adequate input supplies to th...Published: 07 Feb 2019 at 08:06hrs | 1811 | by Staff reporter
Prophet Magaya church accounts garnished by Zimra
The Zimbabwe Revenue Authority (Zimra) has garnished Walter Magaya's Prophetic Healing and Deliverance (PHD) Ministries accounts for alleged tax arrears amounting to $22 million.According to a...Published: 07 Feb 2019 at 07:48hrs | 3180 | by Staff reporter
A letter to Mugabe that could have changed the course of Zimbabwe's history
An Eritrean diplomat friend sent the attached letter to me last night and I was blown away by how prophetic it was to Zimbabwe's situation, and how if Robert Mugabe had applied the advice given to him...Published: 05 Feb 2019 at 15:22hrs | 11854 | by An introduction by Hopewell Chin'ono
Bold steps Mnangagwa should be taking instead of fiddling with the petrol price
When economically-challenged rulers try to run nations, especially fragile ones, they can easily make mistakes.In the past few weeks, demonstrators have taken to the streets of Khartoum and Om...Published: 05 Feb 2019 at 06:44hrs | 2860 | by Robert Rotberg
Loan shark who terrorised fellow Zimbabweans must repay £40,000 or face jail
Loan shark Rita Tahwa has been ordered to repay £40,000 (US$52,000) or face going to jail after she illegally lent money to 100 members of the Zimbabwean community.The 43-year-old started loa...Published: 05 Feb 2019 at 06:36hrs | 1020 | by stokesentinel.co.uk
Global trade war between the east and the west
South Africa should not panic over misinformation regarding Zambia's power utility and loans received from China, President of the Economics Association of Zambia, Lubinda Haabazoka, has said....Published: 04 Feb 2019 at 19:18hrs | 363 | by Fin24
Teen attempts to steal MP's vehicle
A HARARE teenager was arrested yesterday while trying to steal Member of Parliament Killer Zivhu's car using Senator Josiah Hungwe's name.The 18-year-old - Kingsolom Mlambo - communicated to t...Published: 04 Feb 2019 at 15:01hrs | 1595 | by Staff reporter
South Africa to seize Bushiri's assets including luxury cars, private jet
Not only are the preacher and his wife facing fraud and money-laundering charges, but their assets are also up for seizureAs controversial "prophet" Shepherd Bushiri and his wife Mary fight fo...Published: 04 Feb 2019 at 08:33hrs | 15305 | by City Press
Mnangagwa must act on reforms, promote democracy
newsdayZimbabwe, a land of unparalleled beauty and infinite potential, is again under democratic and economic siege. Armed men are removing residents from their homes. Unknown assailants have burnt th...Published: 04 Feb 2019 at 08:07hrs | 1836 | by Staff reporter
$46million drawn-down for RGM Airport facelift
Government has drawn-down $45,9 million, representing 30 percent of the total project cost for upgrading and modernisation of the Robert Gabriel Mugabe International Airport. The RGM Internati...Published: 04 Feb 2019 at 07:57hrs | 182 | by Staff reporter
Hwange extension project underway
The actual construction works for Zesa's US$1,4 billion Hwange Power Station (HPS) 7 and 8 extension project have started, giving hope the project will be completed within time and original budget, a ...Published: 04 Feb 2019 at 07:43hrs | 104 | by Staff reporter
Mnangagwa building Zimbabwe block by block
The fascination with negativity and self-hate is creating an artificial but widely accepted false narrative that everything in Zimbabwe is going backwards and that Zimbabwe is at its worst time....Published: 03 Feb 2019 at 11:47hrs | 697 | by Nick Mangwana
State intervenes on basic commodity prices
Government is working on safety nets to shield vulnerable members of society against price distortions on basic commodities and will soon unveil a well-packaged strategy to ensure goods reflect their ...Published: 03 Feb 2019 at 11:43hrs | 760 | by Staff reporter
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