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Policy flaws chasing Forex from the formal market
It is estimated that US$2.5 billion is circulating outside the formal banking system in Zimbabwe with households, businesses and foreign investors preferring to store their hard-earned foreign currenc...Published: 1 hr ago | 218 | by Victor Bhoroma
Assessing the US$12 billion mining industry target
The Zimbabwean government launched an ambitious plan to transform the mining sector into a US$12 billion export industry by end of 2023. The plan was launched in October 2019 as a key pillar to sustai...Published: 1 hr ago | 62 | by Victor Bhoroma
Police petitioned over Filabusi tsikamutandas
GWANDA-based human rights watchdog, Coalition for Citizens Advocates (Coca) has petitioned police in Matabeleland South to deal with tsikamutandas (witch hunters) who are "fleecing" Filabusi villages ...Published: 7 hrs ago | 673 | by Staff reporter
Zimbabwe's cash-rich govt suppliers fuel currency volatility
GOVERNMENT procurement and service providers - who include public works contractors and suppliers of goods and services - are destabilising the foreign exchange market by offloading part of their stag...Published: 10 Aug 2022 at 08:40hrs | 1130 | by Staff reporter
Mnangagwa told walk the talk
THE Zimbabwe Congress of Trade Unions (ZCTU) yesterday called on President Emmerson Mnangagwa to "walk the talk" on improving the welfare of civil servants.Mnangagwa made a pledge to improve c...Published: 10 Aug 2022 at 06:34hrs | 327 | by Staff reporter
Illegal miners threaten railway tracks
SMALL-scale chrome miners have invaded Mapanzure area in Zvishavane, Midlands Province, where they are conducting illegal mining activities along the Gweru-Zvishavane railway line, amid growing fears ...Published: 10 Aug 2022 at 06:31hrs | 92 | by Staff reporter
Production costs, competition strain Ingwebu
BULAWAYO Municipal Commercial Undertaking's beverages producer, Ingwebu Breweries, says rising costs of production coupled with increasing competition strained its earnings, which saw profit dropping ...Published: 10 Aug 2022 at 06:31hrs | 122 | by Staff reporter
Is Zimbabwe's new gold coin evidence of a broader global trend?
Saber rattling by the Chinese Communist Party stoked investor fears this week, putting upward pressure on gold prices. CCP officials felt aggrieved by House Speaker Nancy Pelosi's visit to Taiwan, whi...Published: 09 Aug 2022 at 08:20hrs | 244 | by Mike Gleason
Ex-Zipra guerilla now a successful farmer
EX-ZIPRA guerrilla Moses Moyo is a beneficiary of the land reform programme and owns a plot under the A1 model in Makokomba village in Umguza District. He now has what he fought for – the land....Published: 08 Aug 2022 at 05:44hrs | 250 | by Staff reporter
Technical glitch forces parking fees into manager's EcoCash
TENDY Three Investments, which is running a parking system in Bulawayo, was forced to channel money that was being collected by marshals into the personal mobile account of its managing director, Mr B...Published: 07 Aug 2022 at 08:26hrs | 115 | by Staff reporter
'Fuel price drop must benefit consumers'
BUSINESSES should review prices of goods and services downwards in line with the recent decline in fuel prices, a Cabinet Minister has said.This comes as interventions by the Reserve Bank of Z...Published: 07 Aug 2022 at 08:16hrs | 45 | by Staff reporter
Mnangagwa govt okays US$ school fees
GOVERNMENT has given greenlight for schools to charge fees in United States (US) dollars, leading to calls for formal dollarisation as the majority of the country's workforce earn in Zimbabwe dollars....Published: 06 Aug 2022 at 19:26hrs | 1308 | by Staff reporter
'Zimbabwe's bigwigs living lavishly as ordinary citizens starve'
HUMAN rights organisations have red-flagged the lavish lifestyles of the elite in the country at a time when ordinary citizens are struggling to put food on the table due to a faltering economy....Published: 04 Aug 2022 at 06:48hrs | 2768 | by Staff reporter
Another bread price hike looms
ZIMBABWEANS should brace for another bread price hike after the Grain Marketing Board (GMB) increased the price of wheat by 30%, industry officials said yesterday.NewsDay understands that GMB ...Published: 04 Aug 2022 at 06:44hrs | 459 | by Staff reporter
Zimbabwe fuel prices go down again
THE reduction in fuel prices by the Government continues as the Zimbabwe Energy Regulatory Authority (Zera) reviewed prices effective yesterday.In an update, the regulatory authority reduced d...Published: 03 Aug 2022 at 18:59hrs | 6118 | by Staff reporter
Western sanctions boomerang as Europe freeze
Western sanctions against Russia are the most ill-conceived and counterproductive policy in recent international history.The economic war is ineffective against Russia, and devastating for its...Published: 03 Aug 2022 at 06:40hrs | 473 | by Staff reporter
China's 'juicy' deal with Zimbabwe set to benefit citrus farmers
MBUYA Rosemary Tendi (70) of Rusitu Valley in Chimanimani, eastern Zimbabwe, has been braving crispy cold mornings in the past few weeks to make sure that she monitors the harvesting of oranges from h...Published: 02 Aug 2022 at 06:54hrs | 1157 | by Staff reporter
Civil servants abusing vehicle import rebate
Some of the civil servants recently allowed to import vehicles duty-free are now abusing the privilege, importing vehicles for other people and charging a "fee" of between US$700 and US$1 500 dependin...Published: 02 Aug 2022 at 06:43hrs | 527 | by Staff reporter
Mnangagwa's govt targets 3 million tonnes of maize
THE Government is targeting to produce 3 million tonnes of maize during the 2022/23 summer cropping season with preparations already underway.This comes as the Second Republic has made food se...Published: 02 Aug 2022 at 06:42hrs | 71 | by Staff reporter
'Insane' opposition parties banned in Gokwe
IN a veiled attack on the Citizens' Coalition for Change (CCC), Gokwe's Chief Njelele has dismissed as 'insane' opposition supporters agitating for the ouster of President Emmerson Mnangagwa in the fo...Published: 01 Aug 2022 at 06:40hrs | 3596 | by Staff reporter
Zimbabwe banking on gold to fight inflation
With inflation soaring in Zimbabwe and the country's currency in free fall as people abandon it for the US dollar, the government of President Emmerson Mnangagwa is fighting back with a novel strategy...Published: 31 Jul 2022 at 09:13hrs | 1138 | by Lesley Wroughton
Dangers of Arab Spring in South Africa
Former South African President Thabo Mbeki recently launched a sharp critique of the governing African National Congress (ANC) for failure to address what it has labelled the triple challenge of pover...Published: 31 Jul 2022 at 08:15hrs | 696 | by Sandy Africa
Falling fuel prices ease pressure on consumers
The sustained drop in fuel prices, which saw prices being reviewed downwards twice over a two-week period this month owing to falling international crude ...Published: 31 Jul 2022 at 07:08hrs | 651 | by Staff Reporter
Zimbabwe inflation spikes to 257%
ZIMBABWE'S year-on-year inflation jumped to 256,9% this month, up from 191% in June, evoking memories of the 2008 hyper-inflationary era nightmares as prices of basic goods continue to skyrocket....Published: 30 Jul 2022 at 19:09hrs | 213 | by Staff reporter
Isn't it pure madness expecting the same govt that destroyed Zimbabwe to be entrusted with country's revival?
So, there are Zimbabweans exceedingly thrilled with the completion of the new parliament building, and the commissioning of a brand new capital, named Cyber-City, in Mt Hampden, several kilometers nor...Published: 30 Jul 2022 at 17:51hrs | 245 | by Tendai Ruben Mbofana
No joy in Mthuli Ncube's budget
CALLS by Zimbabwe's restive civil service for United States dollar salaries went unheeded by Finance minister Mthuli Ncube yesterday.Ncube doubled the national budget to $1,9 trillion as a res...Published: 29 Jul 2022 at 06:54hrs | 2982 | by Staff reporter
Zimbabwe exports rise 33%
Zimbabwe's exports increased by 33% to US$3,5 billion in the first half of this year, from US$2,6 billion during the same period in 2021, driven by an increase in agriculture, mineral and manufactured...Published: 29 Jul 2022 at 06:51hrs | 343 | by Staff reporter
Zanu-PF's incapacity suffocating Zimbabwe
THE country's economic health has remained precarious under Zanu-PF's misrule for more than four decades.For years, the situation has been worsened by disputed elections.In 2023, Zimba...Published: 29 Jul 2022 at 06:49hrs | 212 | by Mai Ruru
Western countries trying all tricks to remove Zanu-PF from power
AS the clock ticks towards the 2023 harmonised elections, which some have described as "crunch" (interestingly all polls since 2008 have been dubbed as such!), Zimbabweans should brace for more shocks...Published: 29 Jul 2022 at 06:49hrs | 731 | by Staff reporter
Zimbabwe tax-free threshold doubled, bonus windfall for workers
The tax-free threshold for income tax was doubled to $50 000 a month yesterday by Finance and Economic Development Minister Mthuli Ncube as part of the doubling of all tax bands to improve disposable ...Published: 29 Jul 2022 at 06:46hrs | 698 | by Staff reporter
Pfumvudza targets 3,5 million Zimbabwean households
The Pfumvudza/Intwasa programme will be extended to 3,5 million households for the 2022/2023 summer cropping season, and the Government has already released $20 billion towards the goal, as efforts to...Published: 29 Jul 2022 at 06:45hrs | 129 | by Staff reporter
Zanu-PF's undying love for lies
LIES and threats have now become the order of the day for the President Emmerson Mnangagwa-led government.Since the inception of the new dispensation in 2017, Zimbabweans have been subjected t...Published: 28 Jul 2022 at 06:36hrs | 479 | by Mai Ruru
Arthur Mutambara trashes RBZ's gold coins initiative
FORMER Deputy Prime Minister Arthur Mutambara has trashed the Reserve Bank of Zimbabwe's (RBZ) gold coins initiative, supposedly meant to ease inflation, as nothing other than ‘a shameful opportunit...Published: 27 Jul 2022 at 19:37hrs | 2159 | by Staff reporter
Zimbabwe announces fuel price cuts
THE Zimbabwe Energy Regulatory Authority (Zera) has reduced the price of petrol and diesel with effect from today in a development that buttresses Government efforts to contain the price of fuel from ...Published: 27 Jul 2022 at 19:37hrs | 4117 | by Staff reporter
Mthuli Ncube to present supplementary budget for 2022
Zimbabwean Finance Minister Mthuli Ncube is due to present the 2022 supplementary budget Thursday, amid skyrocketing inflation that has since eroded this year's national budget.In addition to ...Published: 26 Jul 2022 at 20:43hrs | 536 | by Staff reporter
Zacc probes abuse of devolution funds
DEVOLUTION funds are open to abuse and plunder by unscrupulous institutions and individuals who can easily turn them into feeding troughs at the expense of communities, NewsDay has established....Published: 26 Jul 2022 at 06:40hrs | 308 | by Staff reporter
RBZ releases only 2 000 gold coins
THE Reserve Bank of Zimbabwe (RBZ) yesterday released 2 000 Mosi-oa-Tunya gold coins worth US$3,6 million onto the market and indicated that it would introduce smaller denominations to cater for the l...Published: 26 Jul 2022 at 06:40hrs | 2965 | by Staff reporter
Zimbabwe gold coins start circulating
THE Reserve Bank of Zimbabwe (RBZ) yesterday released the first batch of 2 000 Mosi-oa-Tunya gold coins into the market to provide a store of value alternative to the US dollar in a development expect...Published: 26 Jul 2022 at 06:36hrs | 731 | by Staff reporter
Mnangagwa hits back
PRESIDENT Emmerson Mnangagwa has accused Harare's opposition councillors of being corrupt, at a time his own minister, July Moyo, is being investigated for allegedly forcing council into shadowy deals...Published: 25 Jul 2022 at 19:40hrs | 21375 | by Staff reporter
Harare-Beitbridge highway project: A new big step in the right direction
AS we turn right off the Harare-Beitbridge highway - just before the intersection of the Harare and Bulawayo arteries five kilometres north of Beitbridge Border Post on the banks of the Limpopo River ...Published: 25 Jul 2022 at 07:57hrs | 1046 | by Staff reporter
New Harare's US$500m Cyber City to feature 250 townhouses
PRESIDENT Emmerson Mnangagwa last week broke ground to launch the $500 million Zim Cyber City, a hi-tech park near capital Harare, that is being developed by UAE-based diversified industrial conglomer...Published: 24 Jul 2022 at 10:04hrs | 8299 | by Staff reporter
Gold coins: RBZ chief sheds more light
Gold coins set to be released by the Reserve Bank of Zimbabwe (RBZ) tomorrow are expected to mop up excess cash on the market over the next six months, reduce demand for the US dollar as a store of va...Published: 24 Jul 2022 at 09:59hrs | 719 | by Staff reporter
Mthuli Ncube evades Parliament grilling
UNDERFIRE Finance minister Mthuli Ncube on Thursday dodged Senate after he was summoned to give a ministerial statement on the currency crisis, gold coins and state of the economy.Senate deput...Published: 23 Jul 2022 at 07:32hrs | 667 | by Staff reporter
'Don't abandon US$ demands'
INCARCERATED teachers' union leader Obert Masaraure yesterday urged fellow educators not to "sell-out" in the push for United States dollar salaries ahead of their crunch meeting with government next ...Published: 23 Jul 2022 at 07:30hrs | 272 | by Staff reporter
Democratisation of mine workers representation platform critical to build an inclusive NEC
HARARE: Zimbabwe has a monopolistic mine workers' representation system which constitutes National Chamber of Mines and AMWUZ - Associated Mine Workers Union of Zimbabwe.This uneven terrain in...Published: 22 Jul 2022 at 21:54hrs | 118 | by Maxwell Teedzai
Zimbabwe secures 300MW
ZESA Holdings has secured a 300 megawatt (MW) power import deal with regional suppliers as the energy crisis threatens to cripple industry and domestic consumers, confidential documents show.T...Published: 22 Jul 2022 at 10:43hrs | 1906 | by Staff reporter
Zimbabwe mines shut out suppliers
ZIMBABWE'S mining industry warned yesterday that domestic suppliers risked being shut out of the industry's value chain after hiking prices by 100%.The price rage involves deals in United Stat...Published: 22 Jul 2022 at 10:41hrs | 625 | by Staff reporter
Why is Zimbabwe starving?
LONG-STANDING financial troubles and drought in Zimbabwe have pushed millions to the brink of starvation.Government has declared a state of disaster as months of drought have exacerbated a nat...Published: 22 Jul 2022 at 06:43hrs | 753 | by Claire Felter
Dubai firm agrees to invest US$100m in Zimbabwe's drugs deal
The drive to attract fresh investment continued yesterday, with Zimbabwe now set to become a hub of pharmaceutical manufacturing for national and regional consumption following the signing of a joint ...Published: 22 Jul 2022 at 06:38hrs | 320 | by Staff reporter
Pricey Rick Ross show tickets stir debate
ORGANISERS of Grammy-nominated rapper Rick Ross' concert slated for Harare in November have said they will explain and justify their seemingly steep pricing regime next week when they address issues t...Published: 22 Jul 2022 at 06:37hrs | 294 | by Staff reporter
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