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Rampant fraud on fuel in transit worries Mthuli Ncube
Finance Minister Mthuli Ncube has proposed a temporary import duty on fuel in transit to other countries to address ongoing issues with transit fraud. In his mid-term budget statement to parli...Published: 9 hrs ago | 636 | 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: 18 hrs ago | 349 | by Staff reporter
Mthuli Ncube backs down on taxes
The Zimbabwean government has removed value-added tax (VAT) from selected meat products, reduced presumptive taxes for informal traders, and mandated that all government service fees be paid in local ...Published: 18 hrs ago | 1218 | by Staff reporter
Zimbabwe govt scraps VAT on livestock sales
The Ministry of Finance, Economic Development, and Investment Promotion has proposed VAT exemptions on live animals to boost meat demand and support formal trade in the livestock sector. Last ...Published: 18 hrs ago | 259 | by Staff reporter
Fresh blitz against illegal forex dealers in Zimbabwe
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) have initiated a crackdown on illegal currency traders. This week, numerous money changers were arrested, with many stil...Published: 18 hrs ago | 368 | by Staff reporter
Mthuli Ncube makes bold measures to anchor ZiG stability
The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term ...Published: 18 hrs ago | 288 | by Staff reporter
Finance Ministry blacklists 51 govt suppliers
The Treasury has blacklisted 51 government contractors for engaging in black market activities after receiving payments in local currency. Treasury boss Mthuli Ncube state...Published: 25 Jul 2024 at 12:48hrs | 783 | by Staff reporter
Zimbabwe launches corruption bait manual for cartels
In its quest to lure cartels into spreading their looting operation spree on devolution resources (funds), the Zimbabwean government on Wednesday launched an intergovernmental fiscal transfers system ...Published: 11 Jul 2024 at 14:29hrs | 23 | by Gideon Madzikatidze/Simbarashe Sithole
Lower growth forecast for Zimbabwe as drought ravages crops
Zimbabwe has adjusted its economic growth forecast downward for 2024 due to severe drought conditions caused by the El NiƱo weather phenomenon, impacting crop yields across the country. Finan...Published: 11 Jul 2024 at 08:04hrs | 8 | by Staff reporter
VAT for agricultural inputs remains suspended in Zimbabwe
The Treasury has reaffirmed its decision to maintain the suspension of a 15 percent Value Added Tax (VAT) on agricultural inputs, implements, and produce. This initiative is part of a broader strategy...Published: 06 Jul 2024 at 15:56hrs | 17 | by Staff reporter
Zimbabwe gets US$31.8 million drought insurance cover
Zimbabwe has received US$31,8 million from the African Risk Capacity, an arm of the African Union, to help mitigate the effects of the devastating El Nino induced drought.Receiving the insuran...Published: 06 Jul 2024 at 12:04hrs | 3 | by Staff reporter
Zimbabwe's civil servants long for GNU days
ZIMBABWE Prison and Correctional Service (ZPCS) officer Mbekezeli Dube* sits hunched over his desk in his discoloured uniform.The once-vibrant green shade is now a pale shadow of its former se...Published: 06 Jul 2024 at 11:48hrs | 7 | by Staff reporter
'Zimbabwe in food crisis by month end'
Zimbabwe has received approximately US$32 million in drought relief aid, with US$31.8 million coming from the African Risk Capacity (ARC) 2023/24 Drought Insurance Payout. ...Published: 05 Jul 2024 at 11:30hrs | 1 | by Staff reporter
Mnangagwa's govt happy with mismatch in deployment of ECD teachers
The article below was published by the government controlled Chronicle 2 years ago but Shona supremacists are today firing Ministers for implementing the same policy....Published: 02 Jul 2024 at 09:35hrs | 1 | by Staff reporter
Zec faces probe
The Zimbabwe Electoral Commission (Zec) faces scrutiny from the Parliamentary Public Accounts Committee following revelations of a tender scandal involving Wicknell Chivayo and his associates. ...Published: 02 Jul 2024 at 06:38hrs | | by Staff reporter
Mnangagwa fires Guvamatanga, then changes mind
President Emmerson Mnangagwa sacked finance secretary George Guvamatanga last week but then had a change of heart after he made a groveling apology, and following further representations by chief cabi...Published: 01 Jul 2024 at 10:56hrs | 6 | by Staff reporter
IMF says Zimbabwe's economy continues to show resilience
In light of new policy developments, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a second mission to Harare during June 18-27, 2024, to conclude the 2024 ...Published: 28 Jun 2024 at 13:01hrs | 2 | by Staff reporter
Zimbabwe central bank sees slower economic growth of 2%
The Reserve Bank of Zimbabwe (RBZ) projects the economy to grow by 2% in 2024, which is slower than the government's earlier forecast of 3.5%. Despite the lower inflation outlook and market calls for ...Published: 27 Jun 2024 at 14:22hrs | | by Staff reporter
Zimra sabotaging ZiG, says MP
Legislator Discent Bajila of the Citizens Coalition for Change (CCC) criticized the Zimbabwe Revenue Authority (Zimra) for allegedly undermining confidence in the Zimbabwe Gold (ZiG) currency.&nb...Published: 27 Jun 2024 at 06:57hrs | 2 | by Staff reporter
Zimbabwe improves on budget transparency ranking
Finance and Investment Promotion Minister Mthuli Ncube expressed great enthusiasm over Zimbabwe's notable advancement in the Open Budget Survey (OBS) rankings. The country achieved a score of ...Published: 24 Jun 2024 at 10:08hrs | 3 | by Staff reporter
Roman Catholic Priest fires gun in church
A Bulawayo man suspected to be part of a gang of robbers that has terrorised Roman Catholic churches in the city was reportedly sold out by a priest's finger ring that was stolen in one of the churche...Published: 21 Jun 2024 at 12:13hrs | 5 | by Erick Matotoba
Mthuli Ncube authorises 50-50 currency split for tax payment
The Zimbabwean Treasury has authorized companies to pay their Second Quarter Corporate Income Tax obligations in both local currency (ZiG) and foreign currency on a 50:50 basis. This decision is part ...Published: 20 Jun 2024 at 07:22hrs | | by Staff reporter
Zimbabwe economy stabilising after ZiG introduction
The Zimbabwean economy has shown relative stability in recent months following the Reserve Bank Governor's Monetary Policy statement on April 5, 2024, and the transition from the Zimbabwe Dollar to Zi...Published: 20 Jun 2024 at 07:14hrs | | by Staff reporter
Mthuli Ncube courts UK investors
Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube emphasized the importance of addressing food loss and waste to enhance food and nutrition security, particularly in light ...Published: 15 Jun 2024 at 12:12hrs | | by Staff reporter
Zimbabwe rated Africa's most expensive economy
Zimbabwe was recently identified as Africa's most expensive country according to a comprehensive study by the African Development Bank (AfDB). The study assessed power purchasing parities (PPPs) and e...Published: 15 Jun 2024 at 11:13hrs | 10 | by Staff reporter
Zimbabwe govt scraps VAT on gold deliveries
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has abolished the 15 percent Value Added Tax (VAT) on gold deliveries to Fidelity Gold Refiners, as stipulated ...Published: 14 Jun 2024 at 07:05hrs | 6 | by Staff reporter
Mthuli Ncube urges Zimbabweans in the UK to invest back home
Finance and Investment Promotion Minister Mthuli Ncube addressed the Zimbabwe Investment and Capital Markets Conference in London, urging Zimbabweans in the UK to consider investing back home due to f...Published: 13 Jun 2024 at 07:05hrs | | by Staff reporter
Chinese firm concludes NRZ feasibility study
The National Railways of Zimbabwe (NRZ) announced this week that a feasibility study on a potential investment deal with a Chinese company has been completed.NRZ recently signed an investment ...Published: 07 Jun 2024 at 07:24hrs | 1 | by Staff reporter
Zimbabwe demands major reductions on $19.2bn debt
Zimbabwe has asked its creditors for significant debt reductions on its $19.2 billion internal and external debt, Bloomberg reported on May 30, citing Finance Minister Mthuli Ncube."We will be...Published: 03 Jun 2024 at 09:07hrs | | by Staff reporter
Mnangagwa in high level talks with South Korea's Yoon Suk Yeol
President Mnangagwa arrived yesterday for the inaugural South Korea-Africa Summit and is set to engage in high-level talks with South Korean President Yoon Suk Yeol today, as Zimbabwe continues its en...Published: 03 Jun 2024 at 07:56hrs | | by Staff reporter
Tshabangu faction gets CCC political party funds
The Citizens Coalition for Change (CCC) faction led by Professor Welshman Ncube has secured the opposition party's share of government funds allocated under the Political Parties (Finance) Act. This r...Published: 02 Jun 2024 at 09:05hrs | | by Staff reporter
Zimbabwe govt threatens to sanction businesses
The government has issued a warning to businesses found pricing their goods and services above the official exchange rate in a bid to stabilize the newly introduced currency, Zimbabwe Gold (ZiG)....Published: 28 May 2024 at 10:17hrs | | by Staff reporter
IMF calls Zimbabwe's switch to ZiG an 'important' step
The International Monetary Fund (IMF) has commended Zimbabwe's recent adoption of a new gold-backed currency, known as ZiG, viewing it as a positive development. This marks the IMF's first substantive...Published: 24 May 2024 at 08:20hrs | | by Staff reporter
Parly buy cars from Zanu-PF-linked dealers
Three car dealers associated with Zanu-PF are poised to benefit significantly as the government selects them to provide vehicles for Members of Parliament (MPs), according to sources from NewsDay....Published: 23 May 2024 at 10:51hrs | 7 | by Staff reporter
'Embrace ZiG to bring stability'
Vice President Kembo Mohadi recently emphasized the importance of collective effort in embracing the ZiG currency, stating that it will contribute to a smoother transition towards a more stable econom...Published: 22 May 2024 at 09:42hrs | | by Staff reporter
China to revamp Zimbabwe railway company
Zimbabwe is in talks with China Railway Group Ltd. to help modernize the state-owned National Railways of Zimbabwe."We believe that we could make use of their expertise and financial muscle to...Published: 22 May 2024 at 09:25hrs | | by Staff reporter
Zimbabwe lithium miners table refinery plans
Four lithium mining companies have tabled plans to produce battery-grade lithium in Zimbabwe, a government official said on Monday.Zimbabwe, Africa's top producer of lithium, which is used in ...Published: 21 May 2024 at 08:27hrs | 1 | by Staff reporter
Zimbabwe's street currency traders to switch to WhatsApp
Zimbabwe's street currency traders are abandoning their regular spots in city centres for messaging platform WhatsApp to evade arrest as the central bank and police crackdown on the unofficial market ...Published: 20 May 2024 at 17:02hrs | 1 | by AStaff reporter
1,300 white farmers seek payouts from Zimbabwe govt
About 1,300 White Zimbabwean commercial farmers, whose land was seized in the early 2000s, have signed up to receive compensation and those who qualify will be paid in 10-year treasury bills, a govern...Published: 18 May 2024 at 21:34hrs | | by Staff reporter
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 18 May 2024 at 12:38hrs | 1 | by Staff reporter
FIU sufficiently resourced to fight ZiG saboteurs
The Financial Intelligence Unit (FIU), a division of the Reserve Bank of Zimbabwe (RBZ), is well-equipped with skilled personnel and advanced hardware to tackle financial crimes. Recent recruitment ef...Published: 18 May 2024 at 10:47hrs | | by Staff reporter
Why is Zanu-PF opening branches and office in South Africa?
Out of all liberation parties in Africa, Zanu PF is the only one that is opening offices and branches in all major South African cities and beyond. For an independent country like Zimbabwe, an embassy...Published: 17 May 2024 at 13:45hrs | 1 | by Israel Dube
RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | | by Kenneth Mufuka
Mthuli Ncube pleads for patience on ZiG
FINANCE minister Mthuli Ncube has pleaded for patience with the recently introduced Zimbabwe Gold (ZiG) currency amid an uproar from the public over the disruptions it has caused to transactions....Published: 12 Apr 2024 at 09:51hrs | | by Staff reporter
Zimbabweans told to approach banks for ZiG, USD
The Reserve Bank of Zimbabwe has enough reserves to satisfy the foreign currency requirements of all legitimate businesses and no company needs to go to the black market to pay for imports, RBZ Govern...Published: 12 Apr 2024 at 09:47hrs | | by Staff reporter
Zimbabwe police to conduct blitz on street traders manipulating ZiG currency
Finance Minister Mthuli Ncube has announced plans for law enforcement crackdowns on black market traders accused of manipulating Zimbabwe's new structured currency, the Zimbabwe Gold (ZiG). This initi...Published: 11 Apr 2024 at 18:31hrs | | by Staff reporter
US economist mocks Zimbabwe's new currency
United States economist Steve Hanke has derided Zimbabwe's latest currency introduction, the ZiG, asserting that the country's monetary policies resemble a merry-go-round. The ZiG, purportedly backed ...Published: 11 Apr 2024 at 08:50hrs | | by Staff reporter
'ZiG difficult to accept in US$-dominated market'
RESPECTED businessman and economist Nigel Chanakira says acceptance of the new currency, Zimbabwe Gold (ZiG), will be difficult given that the majority still prefer the greenback.The Reserve B...Published: 11 Apr 2024 at 08:45hrs | | by Staff reporter
Mthuli Ncube summoned over ZiG
FINANCE minister Mthuli Ncube has been summoned to Parliament to explain how the Zimbabwe Gold (ZiG) currency introduced on Friday will work.Legislators also want Ncube to amend the Finance Ac...Published: 11 Apr 2024 at 08:45hrs | | by Staff reporter
Chissano meets Mnangagwa over debt clearance program
Former President of Mozambique, Joaquim Chissano, paid a visit to President Emmerson Mnangagwa on Monday to address political and socio-economic concerns affecting Zimbabwe. Chissano, who serv...Published: 09 Apr 2024 at 06:25hrs | | by Staff reporter
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