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ZiG inflation rate now pegged at 37.2%
Zimbabwe's inflation rate for the Zimbabwe Gold (ZWG) currency surged to 37.2% in October, according to the latest data from the Zimbabwe National Statistics Agency (Zimstat). This sharp increase, ref...Published: 6 hrs ago | 80 | by Staff reporter
Zesa secures 600MW utility batteries
In a significant move to address persistent power outages affecting the region, the Zimbabwe Electricity Supply Authority (ZESA) is actively procuring large utility batteries that will bolster the nat...Published: 6 hrs ago | 89 | 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: 9 hrs ago | 402 | by Tendai Ruben Mbofana
Putin calls for the creation of a BRICS grain exchange
Russia's President Vladimir Putin is calling for the creation of a BRICS grain exchange.The Russian leader said this during the second day of the 16th BRICS Summit in Kazan, Russia.The...Published: 25 Oct 2024 at 08:53hrs | 264 | by Staff reporter
StarLink terminals sold out in Zimbabwe capital
Elon Musk's Starlink terminals sold out in Zimbabwe's capital of Harare, less than two months after receiving permission from authorities to operate in the southern African nation.Harare now j...Published: 24 Oct 2024 at 16:24hrs | 1454 | by Staff reporter
Food security is part of governance: Zinyengerere
Mhondoro-Mubayira ward 27 councillor, Maxwell Zinyengerere has announced that food security complements local governance and therefore leaders should strive to make sure their subjects do not starve....Published: 24 Oct 2024 at 12:14hrs | 126 | by Gideon Madzikatidze
'Mnangagwa's celebration of FRELIMO victory premature'
Zimbabwean President Emmerson Mnangagwa has extended a premature congratulatory message to Mozambique's ruling party, FRELIMO, following disputed election results that have intensified political tensi...Published: 23 Oct 2024 at 07:58hrs | 1433 | by Staff reporter
Zimbabwe want to have imported 4,131,260 tonnes of maize by March next year
807 permits issued for maize importsThe Zimbabwean government has issued 807 import permits to 420 private companies to bring in 4,131,260 tonnes of maize by March next year, as part of its drough...Published: 23 Oct 2024 at 07:43hrs | 93 | by Staff reporter
Bulawayo uninspired by Zanu-PF 'love-fest'
ZANU-PF leaders, functionaries, and activists are set to begin arriving in Bulawayo today for the party's 21st National People's Conference, which kicks off tomorrow at the ZITF grounds and runs until...Published: 22 Oct 2024 at 08:02hrs | 387 | by Staff reporter
Nkomo blasts Zanu-PF over policy confusion
Zapu leader Sibangilizwe Nkomo has blasted Zanu PF government over policy which he blamed for economic quagmire in the country.In...Published: 22 Oct 2024 at 07:21hrs | 559 | by Stephen Jakes
Potraz approves tariff increase for Zimbabwe telecoms sector
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved a tariff adjustment for local telecommunications companies in response to the recent devaluation of the Zimbabw...Published: 21 Oct 2024 at 14:01hrs | 1690 | by Staff reporter
Is Zimbabwe about to create land oligarchs?
The government, through Information minister Jenfran Muswere, has announced a significant shift in land policy, declaring that state land, previously offered to local indigenous people under the "land...Published: 21 Oct 2024 at 11:06hrs | 689 | by Admire Maparadza Dube
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 | 234 | by Staff reporter
Teaching Ndebele in Zimbabwe schools will have helped Shonas
There are times when you think you are spitting someone, when in fact, you are destroying yourself.One such instance was when Robert Mugabe and his colleagues in ZANU (before it became ZANU-PF...Published: 20 Oct 2024 at 12:21hrs | 268 | by Hopewell Chin'ono
Zimbabwe will not regret taking back land!
ON January 1, 1994, a group of indigenous Mexicans took up arms against their government in what became known as "the struggle of the Zapatistas".While the idea of an armed insurgency was quic...Published: 20 Oct 2024 at 12:19hrs | 69 | by Gibson Nyikadzino
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 | 199 | by Staff reporter
'Ndema Ngwenya foretold present political, cultural, language crisis'
Describing Mthandazo Ndema Ngwenya simply as a novelist would be an understatement, as his intellectual work, political activism, and academic contributions foretold many of the political, cultural, a...Published: 19 Oct 2024 at 12:10hrs | 309 | by Staff reporter
Chivayo-linked company wins contract to print ballot papers in Namibia
The Electoral Commission of Namibia (ECN) has awarded a US$60 million contract for the supply of all election materials, including ballot papers, to South African company Ren-Form CC, despite the firm...Published: 18 Oct 2024 at 15:52hrs | 636 | by Staff reporter
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1418 | 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 | 153 | by Michael Badze
ZiG devaluation amid rising gold prices raises lots of questions
Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi faced tough questions in Parliament on Wednesday regarding the recent devaluation of the Zimbabwe Gold currency (ZiG) despite soaring ...Published: 18 Oct 2024 at 08:47hrs | 247 | by Staff reporter
Zanu-PF gold baron refutes owing US$3m in gold deliveries, threatens
Zanu-PF's Insiza North Member of Parliament, Farai Taruvinga, a well-known gold magnate in Matabeleland South, is embroiled in a legal battle with gold buyer Shasha Richard Gomez over an unpaid gold d...Published: 17 Oct 2024 at 17:12hrs | 3864 | by Staff reporter
Selling fuel in Zimbabwe's local currency will stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 16:44hrs | 3234 | by Engineer Jacob Kudzayi Mutisi
Selling Fuel in Zimbabwe's Local Currency will Stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 12:32hrs | 6178 | by Engineer Jacob Kudzayi Mutisi
South Africa's fuel price honey moon is over
Bad news for South African motorists as the Automobile Association expects the fuel price to increase next month -- the first since May.The pending increase is a result of higher international...Published: 17 Oct 2024 at 10:39hrs | 643 | by Staff reporter
Zimbabwe's largest semen bank to be commissioned at Matopos Research Institute
The largest semen processing and cryopreservation centre in Zimbabwe, located at Matopos Research Institute in Matabeleland South, is set to be commissioned this Saturday through a partnership between...Published: 17 Oct 2024 at 08:56hrs | 166 | by Staff reporter
Chivayo linked IMC gets ISP licence, eyes Starlink reseller
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has issued IMC Communications with an internet service provider (ISP) licence, paving the way for the company to partner wit...Published: 17 Oct 2024 at 08:51hrs | 219 | by Staff reporter
Zimbabwean Mine Workers Demand Cost of Living Adjustments Amid Economic Crisis
Harare, Zimbabwe - The National Employment Council for the mining industry has received a petition calling for immediate cost of living adjustments to mine workers' salaries. The plea comes in respons...Published: 16 Oct 2024 at 17:03hrs | 694 | by Stephen Jakes
Grid Africa secures R50 million Equity Investment from Rifuwo
Grid Africa has announced a major milestone with the successful acquisition of a R50 million equity investment from Rifuwo Energy Partners. This funding will significantly boost the company's efforts ...Published: 16 Oct 2024 at 15:42hrs | 232 | by Staff reporter
The Chinese-owned Dinson invests over US$2 billion in Zimbabwe
The Chinese-owned Dinson Iron and Steel Company (Disco), the anchor industry for the Manhize Industrial Park near Mvuma in Zimbabwe's Midlands province, has invested more than US$2 billion in the coun...Published: 15 Oct 2024 at 18:38hrs | 3123 | by Staff reporter
Zanu-PF MP lives luxury lifestyle, fails to pay debts
Despite his ongoing development of a US$5 million rural shopping complex at Skuta Business Centre along the Bulawayo-Masvingo highway in Filabusi, Zanu PF Insiza North MP Farai Taruvinga is facing leg...Published: 15 Oct 2024 at 09:18hrs | 2955 | by Staff reporter
ZiG struggles persist
The woes surrounding the Zimbabwe Gold (ZWG) currency show no signs of abating, as retailers continue to implement a three-tier pricing system for products, complicating consumer transactions and unde...Published: 15 Oct 2024 at 08:39hrs | 2759 | by Staff reporter
Zimbabwe govt says 'no shortages of basic commodities'
The Government has dismissed claims of shortages of basic commodities in the formal market, attributing the perceived scarcities to economic agents redirecting supplies to the informal sector. In a po...Published: 15 Oct 2024 at 08:28hrs | 163 | by Staff reporter
Zimbabwe imposes another levy on expensive fuel in the region
The Zimbabwe Energy Regulatory Authority (ZERA) has introduced a nominal levy on both petrol and diesel to support its regulatory and compliance enforcement efforts, as well as to promote renewable en...Published: 14 Oct 2024 at 08:09hrs | 367 | by Staff reporter
Zimbabwe born Themba Gorimbo secures fourth-straight UFC win
Zimbabwe born former EFC Welterweight champion and current UFC Welterweight athlete Themba Gorimbo (14-4-0) secured another victory in one of the toughest divisions in the most popular and elite MMA p...Published: 13 Oct 2024 at 13:56hrs | 1144 | by Staff reporter
Mthuli Ncube assures Zimbabweans amid ZiG volatility concerns
Finance Minister Mthuli Ncube has reassured Zimbabweans that there is no cause for alarm regarding potential volatility of the Zimbabwe Gold (ZWG) currency, citing the country's balanced local currenc...Published: 12 Oct 2024 at 11:22hrs | 376 | by Staff reporter
Mnangagwa, central bank deliver damp squibs
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has come under heavy criticism from leading economists, who say it lacked concrete solutions to arrest the nation's spiraling e...Published: 11 Oct 2024 at 18:33hrs | 1319 | by Staff reporter
Zimbabwe government's continued web of lies on ZiG gold-backing exposed!
Yesterday's statement, in a ZBC interview, by Reserve Bank of Zimbabwe Governor John Mushayavanhu has sparked confusion regarding the country's new currency, the Zimbabwean Gold (ZiG). The gov...Published: 11 Oct 2024 at 08:32hrs | 2282 | by Tendai Ruben Mbofana
Gold reserves backing ZiG rise
The Reserve Bank of Zimbabwe (RBZ) has reassured the public of continued exchange rate stability, with gold reserves backing the Zimbabwe Gold (ZiG) currency now valued at over US$450 million, up from...Published: 10 Oct 2024 at 18:50hrs | 6210 | by Staff reporter
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 | 1667 | by Staff reporter
Innscor booted out of Profeeds
Innscor Africa Limited has been ordered to divest from Profeeds after the Supreme Court ruled that the merger of Profeeds and National Foods created a near monopoly in the stockfeed industry.S...Published: 10 Oct 2024 at 13:11hrs | 2509 | by Staff reporter
Zimbabwe subscribers push Starlink to limit
THE overwhelming demand for cost-effective internet services is pushing newcomer, Star Link, to the edge with consumers experiencing unexpectedly slow speeds this week, especially in Harare, due to co...Published: 10 Oct 2024 at 07:56hrs | 2991 | by Staff reporter
Zimbabwe says basic goods in limited supply after ZiG devaluation
Zimbabwe said the steep devaluation of its gold-backed currency last month has triggered shortages of bread, sugar and other staples in its formally regulated stores, suggesting the country's latest e...Published: 09 Oct 2024 at 16:38hrs | 3269 | by Staff reporter
Doji Candle: Understanding Its Role in Trading
The Doji candle stands out as one of the most intriguing candlestick patterns used by traders, offering a window into the market's state of uncertainty. It frequently appears during moments when buyer...Published: 09 Oct 2024 at 13:17hrs | 316 | by Staff Reporter
Matabeleland South hard hit by livestock deaths
The El NiƱo-induced drought has severely impacted Matabeleland South province, leading to significant cattle deaths and economic losses for local households. A recent report by the 2024 Zimbabwe Live...Published: 09 Oct 2024 at 07:51hrs | 319 | by Staff reporter
Zimbabwe working on land tenure reforms
In a major development aimed at empowering farmers, the Government has announced plans to issue bankable and transferable land tenure documents to all beneficiaries of the Land Reform Programme. The i...Published: 08 Oct 2024 at 19:14hrs | 327 | by Staff reporter
The power crisis farce: Unpacking Mnangagwa's broken promise to Zimbabwe
Zimbabwe's power crisis has been a perennial problem, plaguing the country for decades.In August 2023, President Emmerson Dambudzo Mnangagwa proudly declared that the commissioning of the new ...Published: 08 Oct 2024 at 17:30hrs | 511 | by Tendai Ruben Mbofana
Zimpricecheck wins fourth Value Creation Challenge
Garikai Dzoma of Zimpricecheck won the 2024 Value Creation Challenge, beating 11 other finalists in a competition for budding entrepreneurs at the finale last Friday, winning US$13 000 in total seed f...Published: 08 Oct 2024 at 17:07hrs | 84 | by Staff Reporter
Harare City Council uncovers $2 million scandal
A seven-member sub-committee appointed by the Harare City Council has uncovered a scandal that has cost the municipality over US$2 million in a dubious land deal. The investigation, initiated in May 2...Published: 08 Oct 2024 at 07:32hrs | 543 | by Staff reporter
Nepotism, corruption mar Harare land allocations
A commission of inquiry into the City of Harare's financial management has revealed widespread corruption, nepotism, and favouritism in the municipality's land allocation processes. The commission, le...Published: 08 Oct 2024 at 07:26hrs | 101 | by Staff reporter
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