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Mthuli Ncube sweats over funding
NEWLY-MINTED Finance minister Mthuli Ncube this week set sail for the United States, together with President Emmerson Mnangagwa, for the United Nations General Assembly in New York where he will engag...Published: 16 hrs ago | 5727 | by Staff reporter
Mthuli Ncube's biggest headache
NEWLY-appointed Finance minister Mthuli Ncube entered the national political scene with a lot of verve, making very ambitious pronouncements, including the scrapping of the bond note, among other loft...Published: 17 hrs ago | 1113 | by Zimind Comment
Streak seeks ZC liquidation
FORMER national team coach Heath Streak has applied for an order for provisional liquidation of Zimbabwe Cricket after the Association failed to respond to his claims to pay him, and his sacked staff,...Published: 21 Sep 2018 at 06:36hrs | 383 | by Staff reporter
NetOne to launch hi-tech billing, support system
STATE-OWNED mobile operator, NetOne, is set to launch a state of the art converged billing and business support system which will offer seamless services to all the end users.NetOne says the l...Published: 20 Sep 2018 at 07:13hrs | 777 | by Staff reporter
Obert Mpofu sued over $76k bank loan
LOCAL financial institution, CBZ Limited, has petitioned the High Court seeking an order to compel former Home Affairs minister, Obert Mpofu, his wife Sikhanyisiwe, and the couple's business, Trebo an...Published: 20 Sep 2018 at 06:50hrs | 1005 | by Staff reporter
Jonathan Moyo's sanctions study results out?
Zimbabwe has lost billions of dollars in revenue, with the manufacturing sector deprived of at least $4,8 billion in 2010 owing to illegal sanctions imposed by the United States of America and Western...Published: 20 Sep 2018 at 06:32hrs | 2012 | by Staff reporter
Mthuli Ncube directs all traders to accept bond notes
Finance and Economic Development Minister Professor Mthuli Ncube has directed all traders to accept bond notes as they remain legal tender in the country. This comes as some unscrupulous whole...Published: 20 Sep 2018 at 06:27hrs | 1375 | by Staff reporter
Motorists fume over new tollgate
MOTORISTS have expressed dismay over the establishment of the Colleen Bawn tollgate along Bulawayo-Beitbridge Road, saying they were already paying too much at existing tollgates. Government y...Published: 20 Sep 2018 at 06:25hrs | 940 | by Staff reporter
Edgars basks in high profit
LISTED clothing giant Edgars Group's profit after tax spiked to $1,9 million for the 26 weeks period ended July 8, 2018 compared to $567,499 in the same period last year, backed by growth in sales and...Published: 19 Sep 2018 at 07:00hrs | 300 | by Staff reporter
Chamisa's MPs walk out on Mnangagwa
THE government has secured $500 million in foreign credit facilities to ease a cash crisis that has crippled local industry, President Emmerson Mnangagwa said yesterday at the official opening of the ...Published: 19 Sep 2018 at 06:27hrs | 1485 | by Staff reporter
Stench of sewage in cholera-hit Harare
Zimbabwe is struggling with its worst outbreak of cholera in a decade, which has killed at least 28 people. An emergency has been declared and public gatherings banned in the capital, Harare.L...Published: 18 Sep 2018 at 16:40hrs | 1539 | by BBC
Mthuli Ncube moves to stabilise forex markets
The Government has negotiated several foreign currency facilities that are set to ease liquidity challenges in the economy, as well as curb parallel forex market activity, President Mnangagwa said tod...Published: 18 Sep 2018 at 16:33hrs | 5345 | by Staff reporter
Cholera: Harare City Council caught sleeping on the job
The ongoing cholera outbreak started on 1 September in Glen View 3, Harare and has since spread, killing 30 people with 5 463 cases having been reported to date. As usual opposition elements hav...Published: 18 Sep 2018 at 14:28hrs | 4145 | by Elijah Chihota
Zanu PF hijacks ZWMB
HARARE - There are fears that Zanu PF is hijacking the Zimbabwe Women's Microfinance Bank (ZWMB), after several women were recently turned away from a meeting which took place at a Bulawayo hotel on t...Published: 18 Sep 2018 at 13:45hrs | 2180 | by Staff Reporter
'Govt, council should stop blame-game on cholera'
GOVERNMENT and local authorities have been urged to ensure provision of basic water and sanitation infrastructure in order to effectively deal with the cholera and typhoid outbreaks, the former which ...Published: 18 Sep 2018 at 06:47hrs | 121 | by Staff reporter
'Banks have let Bulawayo down'
A NUMBER of viable manufacturing projects in Bulawayo have remained stagnant and failed to take off for years due to lack of affordable credit lines from banks, entrepreneur and one of Bulawayo's few ...Published: 18 Sep 2018 at 06:33hrs | 506 | by Staff reporter
Mthuli Ncube secures $250m loan
The new Minister of Finance and Economic Development, Professor Mthuli Ncube has secured a $250 million commercial loan facility from an international finance company, Gemcorp through the Reserve Bank...Published: 17 Sep 2018 at 19:58hrs | 10475 | by Staff reporter
Raj Modi lobbies govt to work from Bulawayo instead of Harare
Zimbabwe's new deputy minister of Industry and Commerce, Raj Modi has requested government to allow him to work from Bulawayo instead of Harare.Bulawayo businessperson and Sai Enterprises...Published: 17 Sep 2018 at 10:54hrs | 5007 | by Staff writer
Zamco gives grace period for bad loans
The Zimbabwe Asset Management Company (Zamco) will allow an eight-year moratorium on all restructured non-performing loans (NPLs) before the central bank's bad loans cleansing special purpose vehicle ...Published: 17 Sep 2018 at 06:43hrs | 63 | by Staff reporter
Plot to oust Mphoko from Choppies exposed
Zimbabwean shareholders in the Botswana-based multinational grocery and general merchandise retailer Choppies Enterprises have accused the company's other shareholders of trying to "capture" them like...Published: 16 Sep 2018 at 09:33hrs | 5295 | by Staff reporter
Zesa to take over Kariba in 2 years
The Zimbabwe Power Company (ZPC) will take over full control of the newly completed Kariba South Power Station after two years when the defects liability period agreed with Chinese contractor Sinohydr...Published: 16 Sep 2018 at 08:49hrs | 405 | by Staff reporter
Government secures $940m lifeline for Harare water
Government has secured funding commitments worth $940 million from China to overhaul Harare's water and sewer system, which is in a state of disrepair and has been blamed for the current cholera outbr...Published: 16 Sep 2018 at 07:19hrs | 1690 | by Staff Reporter
Winds of change blow in Zimbabwe
President Emmerson Mnangagwa's promise to transform the nation by broadening and revitalising its economic opportunities, while ensuring progressive steps are taken towards a democratic future, have c...Published: 15 Sep 2018 at 09:14hrs | 730 | by Staff reporter
Zimbabwe's (Criminal) Record Check!
Chronicling abuses on women in Zimbabwe Dear Zimbabwean Women, It is high time we chronicled all abuses...Published: 15 Sep 2018 at 06:53hrs | 2275 | by Nomazulu Thata
Confusion over $2bn loan from China to Zimbabwe
AFTER its desperate quest for a critical US$2,5 billion bailout package from China hit a snag last week, government has somersaulted and now claims it did not request any such money.Ministry o...Published: 14 Sep 2018 at 16:34hrs | 9187 | by Staff reporter
Mthuli Ncube gets shock reality check
NEWLY-appointed Finance minister Mthuli Ncube - who arrived in the country from Switzerland early this week amid a populist storm and blaze of publicity on how to fix Zimbabwe's critically broken econ...Published: 14 Sep 2018 at 16:27hrs | 13054 | by Staff reporter
RBZ registers 19 new micro-finance firms
THE Reserve Bank of Zimbabwe (RBZ) registered 19 new micro-finance institutions between January and June this year, bringing the total number of licensed operators to 194. "This brings the num...Published: 14 Sep 2018 at 06:06hrs | 443 | by Staff reporter
Tharisa plan next move as Zimbabwe opens doors again
PLATINUM group metal (PGM) and chrome miner, Tharisa, is taking a low-risk approach to a high-risk country with the investments into Zimbabwe, it has announced this year.For almost 30 years, Z...Published: 13 Sep 2018 at 07:07hrs | 1720 | by miningmx.com
Mthuli Ncube has little to offer to Zimbabwe's sodomized economy
The Zimbabwe's national debt is said to be well above $18 billion with the foreign debt contributing $7.5 billion. The foreign debt ($7.5 billion) excludes the private sector foreign debt of $2.5 bill...Published: 12 Sep 2018 at 10:15hrs | 6702 | by Don Chigumb
Financial illiteracy is our biggest enemy in Zimbabwe
I found a very interesting letter in one of my old books that I last read in 2004. It is a letter that I received from Barclays Bank (Zimbabwe), offering me a Z$1 million overdraft facility. Three yea...Published: 12 Sep 2018 at 06:47hrs | 265 | by Hopewell Chin'ono
To introduce or not to introduce domestic currency in the short run, that is the question!
By "To be or not to be" is the manner the literary genius William Shakespeare chose to employ as an opening of a soliloquy for Prince Hamlet in the play Hamlet. "To re-introduce or not to re-introduce...Published: 11 Sep 2018 at 16:08hrs | 1706 | by Prosper Munyedza
War vets demand 'friendly' bank loans
ZIMBABWE National Liberation War Veterans' Association (ZNLWVA) secretary-general and newly-appointed War veterans deputy minister, Victor Matemadanda (pictured) has claimed that war veterans were bei...Published: 11 Sep 2018 at 13:40hrs | 711 | by Staff reporter
'How Buyanga sold my house'
A Harare man yesterday narrated how businessman Frank Buyanga allegedly fraudulently processed change of ownership of his house before selling it behind his back, a court heard.Buyanga had adv...Published: 11 Sep 2018 at 13:22hrs | 703 | by Staff reporter
The impacts of Credit Card Debt on the Economy
Consumer spending is the main driver of economic growth and citizens sometimes borrow to spend. While debt isn't a bad thing, the economy becomes unsustainable if people are burdened with too much cre...Published: 11 Sep 2018 at 10:14hrs | 1808 | by Agencies
9 companies granted Special Economic Zone status
Nine companies have been granted Special Economic Zone status in a development that will expedite Government's drive to increase foreign direct investment (FDI) inflows. According to a Governm...Published: 10 Sep 2018 at 06:35hrs | 598 | by Staff reporter
MDC senior official sued over $22 000 debt
FORMER MDC-T Glen View South legislator Mr Paul Madzore has been taken to the High Court over an outstanding bank loan amounting to $22 000. The politician benefited from an overdraft facility...Published: 10 Sep 2018 at 06:32hrs | 101 | by Staff reporter
Zimbabwe urgently needs $4bn bailout package
Zimbabwe needs up to $4 billion to avert a looming currency crisis that could unleash economic havoc, with the new Cabinet urged to take tough decisions to increase confidence in the economy.P...Published: 09 Sep 2018 at 17:08hrs | 608 | by Staff reporter
The New Cabinet
At times you wonder why people choose to stay in professions that they are not good at. Obviously there would be other objectives that don't allow them to stick to the norms and rules that govern that...Published: 09 Sep 2018 at 12:23hrs | 2920 | by Clement Moyo
Bosso, Dembare fever grips Zimbabwe
AN electric atmosphere is expected to engulf Barbourfields Stadium this afternoon when two of the country most supported football teams, Highlanders and Dynamos collide in a Castle Lager Premier Socce...Published: 09 Sep 2018 at 08:26hrs | 337 | by Staff reporter
Zimbabwe's biggest winner in China
The Zimbabwean economy will emerge the biggest winner following President Mnangagwa's attendance at the 2018 Beijing Summit of the Forum on China – Africa Co-operation (FOCAC).With Chinese P...Published: 09 Sep 2018 at 08:10hrs | 2337 | by Staff reporter
Mnangagwa silences critics with new Cabinet
A developmental Cabinet I would call it. Brilliant balance between old and trusted hands, technocrats and youthfulness. A well thought out Cabinet that balances the competing demands of the economy an...Published: 07 Sep 2018 at 19:23hrs | 15353 | by Lloyd Msipa
Mnangagwa's quest for Chinese $2bn bailout hits a brick wall
PRESIDENT Emmerson Mnangagwa's quest for a critical US$2 billion bailout package from China in a desperate bid to ease the country's crippling liquidity crisis has hit a brick wall although the Chines...Published: 07 Sep 2018 at 13:02hrs | 1823 | by Staff reporter
Chamisa, Mnangagwa lawyers join hand, fight in Wicknell's corner
INTRATREK Zimbabwe, founded by businessman Wicknell Chivayo, has filed a lawsuit at the High Court demanding $25 million from Zimbabwe Power Company (ZPC) in damages for alleged repudiation of a multi...Published: 07 Sep 2018 at 07:22hrs | 10058 | by Staff reporter
Mnangagwa seeks to revive Chinese mega deals
PRESIDENT Emmerson Mnangagwa says he will pursue mega deals with China during his visit to the Asian country.The southern African nation, still battling to shake off a hangover from a decade-l...Published: 06 Sep 2018 at 15:40hrs | 1856 | by Staff reporter
Mnangagwa returns from China
President Mnangagwa has returned to Zimbabwe after a successful trip to China where he attended the 2018 Beijing Forum on China-Africa Cooperation and at the same time managed to sign three significan...Published: 06 Sep 2018 at 14:12hrs | 2492 | by Staff reporter
'Africa is the place to be,' African Development Bank President tells China
The President of the African Development Bank, Akinwumi Adesina, has urged Chinese business leaders to attend the Africa Investment Forum scheduled to take place in Johannesburg, South Africa, from 7-...Published: 06 Sep 2018 at 07:29hrs | 786 | by Staff Reporter
Govt goes after businesses as cash crisis gnaws
The Zimbabwe Anti-Corruption Commission (Zacc) has threatened to go after businesses that do not bank cash proceeds as well as financial institutions that allegedly channel cash into the informal sect...Published: 06 Sep 2018 at 07:02hrs | 2118 | by Staff reporter
Biti in $30 million NSSA scam
The Zimbabwe Anti-Corruption Commission yesterday indicated that it was keen to interview Finance Minister during the Government of National Unity era Tendai Biti over allegations that he instructed t...Published: 06 Sep 2018 at 06:31hrs | 525 | by Staff reporter
Madinda Ndlovu to make a big announcement
After the 1-2 loss to Ngezi Platinum Stars at home on Sunday, Highlanders technical manager Madinda Ndlovu has promised to make a big announcement in due course.This has heightened tension amo...Published: 05 Sep 2018 at 13:43hrs | 2910 | by Staff reporter
Zimbabwe govt fails to pay back diamond investor
GOVERNMENT has failed to reimburse over $13 million to an Asian diamond investor, Pure Diam after cancelling its mining licence in 2016 to pave way for consolidation of diamond mining operations in Ch...Published: 05 Sep 2018 at 07:06hrs | 1041 | by Staff reporter
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