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Mnangagwa, Teodoro Obiang Nguema Mbasogo seal 8 agreements
Underpinned by ambitions to engage and re-engage the international community in pursuit of socio-economic development, President Mnangagwa, is in Equatorial Guinea for high-level discussions covering ...Published: 3 hrs ago | 75 | by Staff reporter
Concern over Zimbabwe's 'opaque' govt deals
NORTON legislator Temba Mliswa (Independent) has called on government to be more transparent when entering into contracts with multinational companies to avoid plunder of the country's resources....Published: 06 Feb 2023 at 04:53hrs | 232 | by Staff reporter
Diaspora keeps Zimbabwe afloat but no vote
ALTHOUGH Zimbabweans in the diaspora are not allowed to vote from their host nations, their cash remittances back home are fast growing and helping to keep the country afloat.Last year, remitt...Published: 04 Feb 2023 at 20:12hrs | 377 | by Staff reporter
Charamba justifies Emmerson Junior's presence at meeting with Belarus chefs
DEPUTY Chief Secretary in the Office of the President and Cabinet Office, George Charamba, has justified the presence of President Emmerson Mnangagwa's son, Emmerson Jr, at a high-level State House me...Published: 04 Feb 2023 at 20:01hrs | 614 | by Staff reporter
Mnangagwa's govt dangles US$20m for lithium battery plant
FINANCE and Economic Development Minister Professor Mthuli Ncube says the Government is ready to put forward US$20 million to partner investors willing to invest in a lithium battery manufacturing pro...Published: 03 Feb 2023 at 06:44hrs | 875 | by Staff Reporter
American Chamber of Commerce launched in Harare
UNITED States of America-based companies are taking a keen interest in Zimbabwe through increased investment and trade.Signs of the USA warming up to business opportunities in Zimbabwe were co...Published: 02 Feb 2023 at 13:15hrs | 729 | by Staff Reporter
'Zimbabwe's $5 000 withdrawal limit no longer adequate'
THE transacting public has implored the Reserve Bank of Zimbabwe (RBZ) to consider increasing cash withdrawal limits saying the weekly $5 000 cap is no longer convenient given the exchange rate moveme...Published: 02 Feb 2023 at 08:24hrs | 503 | by Staff reporter
Zimbabwe aims for top spot in carbon steel production
ZIMBABWE is now on a sustainable economic growth path following a number of interventions and is set to become one of the top carbon steel producers in sub-Saharan Africa in the next three years on th...Published: 30 Jan 2023 at 07:10hrs | 164 | by Staff reporter
Education ministry bemoans lack of funding as shortage of schools soars
PRIMARY and Secondary Education permanent secretary, Tumisang Thabela has admitted that the ministry is buckling under pressure due to under-funding consequentially hindering deliv...Published: 26 Jan 2023 at 07:41hrs | 725 | by Staff reporter
18 000 teachers get school fees support
The Government, through the Public Service Commission (PSC), has processed more than $820 million in school fees payments for children of 18 794 teachers.To date, the PSC has processed applica...Published: 22 Jan 2023 at 12:12hrs | 187 | by Staff reporter
Mnangagwa govt, white farmers head for showdown
White former commercial farmers, whose land was acquired under the land reform programme are reportedly worried about a "longer" period that the compensation process may take after Zimbabwe Government...Published: 20 Jan 2023 at 06:38hrs | 780 | 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
Mthuli Ncube says no to wage increases for Zimbabwe civil servants
FINANCE minister Mthuli Ncube has shot down a fresh bid by civil servants who want their conditions of service to be improved.Public sector workers want pay hikes, and have spent the whole of ...Published: 28 Dec 2022 at 20:59hrs | 2308 | by Staff reporter
Mthuli Ncube under fire over war vets payout
FINANCE and Economic Development minister Mthuli Ncube has come under attack for his plan to splurge US$57,5 million on war veterans, a gesture seen as shoring up support for the ruling Zanu-PF party ...Published: 27 Dec 2022 at 06:41hrs | 1075 | by Staff reporter
Mnangagwa's wife lands top post in Zanu-PF Politburo
THE Politburo that was appointed by President Mnangagwa on Friday blends the old guard and youth and also catapults women to influential positions in the party.This new team that will steer th...Published: 26 Dec 2022 at 18:55hrs | 669 | by Staff reporter
Mthuli Ncube makes Zanu-PF politburo
PRESIDENT Emmerson Mnangagwa yesterday announced a 55-member politburo for his Zanu-PF party, with his wife, Auxillia being reappointed as party secretary for environment and tourism.Auxillia ...Published: 25 Dec 2022 at 14:14hrs | 332 | by Staff reporter
Mnangagwa drafts in G40 members in 'new' Zanu-PF politburo
President Emmerson Mnangagwa has appointed Generation 40 (G40) members into the Zanu-PF politburo while keeping the usual tired horses close to him in an apparent political balancing act that betrays ...Published: 25 Dec 2022 at 14:11hrs | 252 | by Staff reporter
Mthuli Ncube's 2% tax to stay
FINANCE minister Mthuli Ncube says the intermediated money transfer tax (IMTT), which is charged at 2% of all financial transactions, will remain in place despite legislators asking him to either lowe...Published: 21 Dec 2022 at 20:11hrs | 40 | by Staff reporter
Mnangagwa's govt splashes US$60m on police
GOVERNMENT has set aside US$60 million and several billions in local currency for police operations for next year.This comes ahead of elections next year, which are likely to be held in July o...Published: 21 Dec 2022 at 20:11hrs | 942 | by Staff reporter
Mthuli Ncube speaks on the IMMT 2% Tax
Finance and Economic Development Minister Mthuli Ncube has made it clear that the Intermediate Money Transfer Tax (IMTT) charged at 2% will not be scrapped.Legislators have made a call to the ...Published: 21 Dec 2022 at 13:33hrs | 1921 | by Mzingaye Nxumalo
Zimbabwe police to get four new helicopters
Finance and Economic Develop minister Professor Mthuli Ncube has hinted that the Zimbabwean Police will receive vehicles including four helicopters to hel...Published: 21 Dec 2022 at 07:36hrs | 1861 | by Mzingaye Nxumalo
'Free education would take time to Implement,' says Mthuli
Minister of Finance and Economic Development, Profesor Mthuli Ncube has stated that free education will take time to implement, implying that the government will not implement the program in January 2...Published: 19 Dec 2022 at 12:23hrs | 1345 | by Mzingaye Nxumalo
Lenders slap Zimbabwe with US$2,1 billion penalties
INTERNATIONAL creditors and banks have hit Zimbabwe with penalties totalling US$2,1 billion for unsettled debts, official data has shown.According to a report titled "Statement of Zimbab...Published: 18 Dec 2022 at 06:50hrs | 1146 | by Staff reporter
Mnangagwa's wife steals limelight in meddling
WHEN the 2017 coup that toppled the long-time ruler Robert Mugabe unfolded, military commanders and top Zanu-PF officials announced that one of the reasons for the ouster was to stop the then first la...Published: 17 Dec 2022 at 12:39hrs | 3283 | by Staff reporter
Mnangagwa's govt dithers on free education
GOVERNMENT has started to sing a different tune on earlier promises to provide free basic education beginning next year, with Finance minister Mthuli Ncube saying the programme would need more time to...Published: 17 Dec 2022 at 12:12hrs | 149 | by Staff reporter
Zimbabwe MPs scale up dollarisation campaign
PARLIAMENTARIANS have made a fresh call for the scrapping of the weakening local currency in favour of dollarisation.Speaking in Parliament on Wednesday, Pelandaba–Mpopoma legislator Charles...Published: 17 Dec 2022 at 12:12hrs | 211 | by Staff reporter
AfDB rallies support for Zimbabwe debt solution
When the African Development Bank (AfDB) president, Dr Akinwumi Adesina, speaks on the effects of devastating economic sanctions slapped on Zimbabwe over two decades ago by Britain and her western all...Published: 15 Dec 2022 at 00:21hrs | 609 | by Staff reporter
Mnangagwa's Zanu-PF blames Mugabe for power crisis
Zanu-PF spokesperson Christopher Mutsvangwa has blamed the late former President Robert Mugabe for the country's electricity crisis, which has plunged the country into 22-hour daily load-shedding sche...Published: 14 Dec 2022 at 06:44hrs | 317 | by Staff reporter
Biti complains about ministers' failure to attend budget debates
LEGISLATORS have lamented failure by Cabinet ministers to attend 2023 budget debates last week saying this shows their lack of commitment to Parliament business, including critical budget discussions....Published: 14 Dec 2022 at 06:35hrs | 113 | by Staff reporter
Smallholder farmers to benefit from US$15 million loan
SMALLHOLDER farmers will soon benefit from a US$15 million loan obtained by the Government from the OPEC Fund for International Development.Finance and Economic Development Minister Professor ...Published: 12 Dec 2022 at 01:02hrs | 539 | by Staff Reporter
Zimbabwe public health collapse
The cries of doctors at Zimbabwe's largest public hospital appear to have fallen on deaf ears and an increasing number of health professionals are emigrating, resulting in a dearth of cancer treatment...Published: 11 Dec 2022 at 08:59hrs | 712 | by Staff reporter
Zimbabwe MPs push for wealth tax
LEGISLATORS have urged Finance minister Mthuli Ncube to introduce a wealth tax to increase the country's revenue base and bolster social safety nets.Contributing to debate on the Finance Bill ...Published: 08 Dec 2022 at 05:08hrs | 521 | by Staff reporter
Kupukile Mlambo appointed chief executive of the Sovereign Wealth Fund of Zimbabwe
Former Reserve Bank of Zimbabwe deputy governor Kupukile Mlambo, who holds a PhD in economics from Gothenburg University in Sweden, has been appointed chief executive of the US$100m Sovereign Wealth F...Published: 07 Dec 2022 at 19:14hrs | 1019 | by Staff reporter
Government rehabilitates a few kilometres of Bulawayo-Tsholotsho Road
Government has rehabilitated only a 10km stretch along the Bulawayo-Tsholotsho Road as the Second Republic steps up efforts towards completing infrastructure development projects in the Matabeleland r...Published: 07 Dec 2022 at 05:06hrs | 281 | by Staff reporter
Zimbabwe fulfils land compensation obligations?
WITH allocations in next year's budget and the Government and white former commercial farmers ready to work together to raise funds through long-term bonds, the farmers will start receiving compensati...Published: 07 Dec 2022 at 05:04hrs | 195 | by Staff reporter
Mthuli Ncube 'snubs' Gukurahundi programmes
HUMAN rights activists in Bulawayo have expressed concern over the failure by Finance minister Mthuli Ncube to fund Gukurahundi national healing programmes.This is despite the launching of a G...Published: 06 Dec 2022 at 05:04hrs | 204 | by Staff reporter
Reserve Bank of Zimbabwe bullish on inflation
THE Reserve Bank of Zimbabwe (RBZ) yesterday remained bullish that month-on-month inflation will remain stable below 3% throughout next year, despite indications last week that the country will use de...Published: 06 Dec 2022 at 05:03hrs | 203 | by Staff reporter
370km of Harare-Beitbridge road open to traffic
The ongoing upgrade of the Harare-Masvingo-Beitbridge Highway into a modern road by the Second Republic has now seen a total of 370km being opened to traffic, with many other roads being reconstructed...Published: 05 Dec 2022 at 05:07hrs | 416 | by Staff reporter
Mnangagwa's govt appeases war vets with $4.6 billion
IN a bid to appease war veterans, who play a crucial role in Zanu-PF election campaigns, the government has set aside ZW$4.6 billion to invest in farms, mining and tourism.Finance and Economic...Published: 04 Dec 2022 at 09:09hrs | 5602 | by Staff reporter
Mliswa says Ministers' US$20m controversial allowances not budget for
CONTROVERSY over the huge housing allowances for Zimbabwean ministers and deputy ministers has deepened amid revelations the money was not budgeted for in the first place.This is according to ...Published: 04 Dec 2022 at 09:06hrs | 2205 | by Staff reporter
Debt financing to fund 2023 budget
Finance minister Mthuli Ncube says debt financing will be used to fund the $4,5 trillion 2023 national budget, raising concerns about money supply growth.Treasury expects $3,9 trillion in reve...Published: 04 Dec 2022 at 08:11hrs | 82 | by Staff reporter
$6 billion for new Zupco buses
Government will spend $6 billion to recapitalise Zupco next year in a development set to enhance service delivery and modernise the mass public transport system.Presenting the 2023 National Bu...Published: 04 Dec 2022 at 08:05hrs | 131 | by Staff reporter
Mnangagwa pampered MPs, ministers for political survival
PRESIDENT Emmerson Mnangagwa pampered legislators and his cabinet ministers with loans ranging between US$40 000 and US$500 000 in order to avoid protest votes, commonly known as bhora musango, from w...Published: 03 Dec 2022 at 18:11hrs | 588 | by Staff reporter
2023 elections cost US$116m
ZIMBABWE'S 2023 general elections are expected to gobble up ZW$76 billion (US$116 million).The country will hold presidential, parliamentary and local government elections simultaneously, most...Published: 03 Dec 2022 at 18:10hrs | 256 | by Staff reporter
$3.1bn for Zimbabwe air traffic control system
Government has moved to avert safety and security concerns at the country's airports by providing ZWL$3.1bn on the procurement and installation of an air traffic control system (ATC) following years o...Published: 03 Dec 2022 at 09:15hrs | 913 | by Staff reporter
Gwayi-Shangani contractors urged to consider locals
The Minister of State for Presidential Affairs in charge of implementation and monitoring of governmental programmes, Jorum Gumbo has urged the Gwayi-Shangani Dam contractors to engage local people in...Published: 03 Dec 2022 at 09:14hrs | 2949 | 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 | 1508 | by Respect Gwenzi
Chamisa, Mnangagwa MPs jostle for US$40,000 housing loan
PARLIAMENTARIANS are legally bound to service the recently extended US$40 000 residential stands loans at an interest rate of 5% for the next five years.Some MPs have offered vehicles as colla...Published: 02 Dec 2022 at 19:31hrs | 399 | by Staff rteporter
Zesa 'ignored' calls over Kariba water
THE Zimbabwe Power Company (ZPC) made costly blunders by ignoring valuable advice by the Zambezi River Authority (ZRA) to stick to 550MW generation electricity at the Kariba South Hydro Power Station....Published: 02 Dec 2022 at 19:30hrs | 399 | by Staff rteporter
Zesa tariff hike looms for miners
ZESA Holdings is set to review tariffs for major consumers such as miners to improve generation and boost its capacity to import electricity to meet local demand.In his 2023 national budget st...Published: 02 Dec 2022 at 05:01hrs | 320 | by Staff reporter
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