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ZANU-PF MP, G40's Mashayamombe co-ordinate machete gangs, ready to kill
ZANU-PF legislator for Harare South constituency, Trymore Kanopula and a current secretly serving member of the Generation40 faction, Shadreck Mashayamomb...Published: 12 Nov 2024 at 23:49hrs | 2601 | by Gideon Madzikatidze/Simbarashe Sithole
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 169 | by Staff reporter
Man sentenced for impersonating police officer
A man identified as Mashayamombe has been sentenced to 12 months in prison by the Kadoma Magistrates' Court for impersonating a police officer in a failed bribery attempt. Magistrate Charity Sithole h...Published: 06 Nov 2024 at 06:48hrs | 111 | by Staff reporter
Mnangagwa calls for repatriation of Zimbabwe skulls from British museums
President Emmerson Mnangagwa has renewed calls for the repatriation of the remains of Chimurenga war heroes from Britain, emphasizing the need for their interment in "a dignified manner." This stateme...Published: 05 Nov 2024 at 08:27hrs | 449 | by Staff reporter
Mnangagwa tells Britain to apologise
President Emmerson Mnangagwa has called on the British government to apologize for its century-long colonial rule in Zimbabwe, which dispossessed indigenous people of their land and subjected them to ...Published: 05 Nov 2024 at 08:17hrs | 268 | by Staff reporter
Management shake up at RBZ
The Reserve Bank of Zimbabwe (RBZ) is initiating a significant remodelling of its management structure as newly appointed Governor John Mushayavanhu aims to assemble a capable team to address the coun...Published: 01 Nov 2024 at 06:48hrs | 2518 | by Staff reporter
Mnangagwa demands apology, reparations from Britain for colonial atrocities
President Emmerson Mnangagwa has called on the British government to formally apologize for the historical injustices endured by indigenous Zimbabweans during the colonial era, which spanned from 1890...Published: 01 Nov 2024 at 06:33hrs | 489 | by Staff reporter
ZimAchievers Awards South Africa announce 2024 nominees
The stage is set for one of the biggest events on the social calendar with Zimbabwe Achievers Awards (ZAA) South Africa releasing the nominees shortlist for their 9th Awards Dinner Gala.Social...Published: 30 Oct 2024 at 21:34hrs | 942 | by Agencies
Devaluation fails to halt ZiG free-fall
Zimbabwe's new local currency, the Zimbabwe Gold (ZiG), has taken another hit, losing an additional 11% of its value in under a month following a substantial 43% "devaluation" announced by monetary au...Published: 29 Oct 2024 at 13:49hrs | 4502 | by Staff reporter
Dynamos legend Ernest Kamba passes away
Ernest Kamba, a legendary figure in Zimbabwean football and a former star of Dynamos Football Club, has passed away. Kamba, who shared the pitch with iconic players like George Shaya during th...Published: 28 Oct 2024 at 14:46hrs | 1511 | by Staff reporter
RBZ pumps US$32 million into market
The Reserve Bank of Zimbabwe (RBZ) has infused approximately US$32 million into the interbank foreign exchange market over the past three weeks to stabilize the Zimbabwe Gold (ZiG) currency and addres...Published: 27 Oct 2024 at 12:19hrs | 155 | 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 | 567 | by Stephen Jakes
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 | 1427 | by Staff reporter
Zimbabwe is undermining the ZiG by overspending
Zimbabwe's new gold-backed currency is likely being undermined by the state tapping the central bank for funding and selling Treasury bills to pay for its overspending, Imara Asset Management said....Published: 18 Oct 2024 at 08:54hrs | 1264 | by Staff reporter
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 | 256 | by Staff reporter
Mnangagwa's adviser says ZiG is 'doomed', warns RBZ Governor
Local economist and adviser to President Emmerson Mnangagwa, Eddie Cross, has issued a stark warning to Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, cautioning that the country's new Zim...Published: 15 Oct 2024 at 18:10hrs | 5661 | by Staff reporter
CMED apprenticeship intake jobs
TRAINING INTAKEApprenticeship Intake JobsCMED Private Limited Expires 25 Oct 2024 Harare Full-TimeJob DescriptionApplications are invited for the Apprenticeship Trainin...Published: 15 Oct 2024 at 14:29hrs | 1137 | 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 | 2294 | 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 | 6231 | by Staff reporter
Zimbabwe retailers make a case for multi-currency continuation
Retailers in Zimbabwe have urged the Reserve Bank of Zimbabwe (RBZ) to extend the multi-currency regime as official policy until 2030, warning that any abrupt move towards full dollarisation could sev...Published: 07 Oct 2024 at 07:52hrs | 1041 | by Staff reporter
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 05 Oct 2024 at 16:35hrs | 2638 | by Staff reporter
Zimbabwe bankers warn of price increases
Bankers in Zimbabwe are raising alarms about potential price increases and shortages of basic commodities following the recent devaluation of the Zimbabwe Gold (ZiG) by over 40% by the Reserve Bank of...Published: 03 Oct 2024 at 08:56hrs | 299 | by Staff reporter
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 54 | by Staff reporter
Zimbabwe's currency conundrum: Meagre gold reserves can't sustain the ZiG
Today, during his State of the Nation Address (SONA), President Emmerson Dambudzo Mnangagwa announced that the government would set aside 50% mineral royalties to shore up the local currency. ...Published: 02 Oct 2024 at 20:53hrs | 2931 | by Tendai Ruben Mbofana
MPs demand explanation from Mthuli Ncube
WEDZA North MP Itai Ndudzo has formally demanded that Finance Minister Mthuli Ncube provide a ministerial statement addressing the recent devaluation of Zimbabwe's new gold-backed currency, the Zimbab...Published: 02 Oct 2024 at 07:57hrs | 1240 | by Staff reporter
Zimbabwe shops impose limits amid panic-buying?
Some shops across Zimbabwe have imposed "one item per person" rules for products such as milk to fend off panic-buying triggered by a new loss of faith in the country's latest currency.Last we...Published: 02 Oct 2024 at 07:57hrs | 1181 | by Staff reporter
Zimbabwe retailers rejects forced de-dollarisation
Zimbabwean retailers have issued a stark warning to the government regarding the potential consequences of de-dollarising the economy, cautioning that such a move could have catastrophic effects. This...Published: 02 Oct 2024 at 07:55hrs | 728 | by Staff reporter
Supermarkets, vendors reject ZiG
In a significant economic shift, supermarkets, vendors, commuter omnibus operators, and tuckshops across Zimbabwe have stopped accepting payments in the local ZiG currency. This decision follows Reser...Published: 01 Oct 2024 at 09:10hrs | 1296 | by Staff reporter
RBZ raises bank policy rate to 35%
The Reserve Bank of Zimbabwe (RBZ) has announced significant measures to tackle resurgent exchange rate volatility and mitigate inflationary pressures. Effective immediately, the bank policy rate has ...Published: 27 Sep 2024 at 15:29hrs | 1310 | by Staff reporter
Lithuania donates Zimbabwe fire engines to Ukraine
Lithuania's recent decision to donate 17 fire engines, originally destined for Zimbabwe, to Ukraine has sparked outrage, with political analysts condemning the move as unlawful and discriminatory....Published: 25 Sep 2024 at 09:33hrs | 1275 | by Staff reporter
Zimbabwe urged to ditch 'command' exchange rate
The government of Zimbabwe is facing increasing pressure to abandon its "command" exchange rate for the Zimbabwe Gold (ZiG) currency, introduced in April, as businesses struggle to cope with currency ...Published: 25 Sep 2024 at 09:21hrs | 3966 | by Staff reporter
Zimbabwe central bank bites back
This year, authorities in Zimbabwe have recorded over 1,100 cases of debit card abuse linked to backstage black market dealers, highlighting the ongoing challenges of a protracted currency crisis. The...Published: 20 Sep 2024 at 09:35hrs | 6163 | by Staff reporter
Mnangagwa's govt paying lip service to ZWG
In a critical assessment of Zimbabwe Gold (ZWG), industry experts predict that the future post-mortem will reveal the government's own policies as the primary culprit behind the currency's struggles. ...Published: 20 Sep 2024 at 08:02hrs | 460 | by Staff reporter
Zimbabwe injects US$64m into foreign currency market
The Reserve Bank of Zimbabwe (RBZ) has injected US$64 million into the foreign exchange market in response to a growing demand for hard currency, ensuring that all bona fide foreign currency applicati...Published: 20 Sep 2024 at 07:49hrs | 240 | by Staff reporter
ZiG currency another scam
Introducing new currency every time and again is not the panacea to the challenges that the country is currently facing.The issue of currency needs a lot of input and everyone's heads on the d...Published: 19 Sep 2024 at 20:57hrs | 3765 | by Leonard Koni
World Bank says Zimbabwe needs economic stability to advance debt talks
Zimbabwe needs an uninterrupted period of macroeconomic stability of at least 12 months to help advance debt talks with international creditors over $21 billion it owes, the World Bank said.Ha...Published: 17 Sep 2024 at 06:52hrs | 408 | by Staff reporter
Zanu-PF in Mnangagwa bootlicking frenzy
The ruling Zanu-PF party staged a grand celebration yesterday to mark President Emmerson Mnangagwa's 82nd birthday, an event dubbed "The Munhumutapa Day," drawing comparisons between his leadership an...Published: 16 Sep 2024 at 08:18hrs | 1236 | by Staff reporter
Villagers tortured, forced to sing war songs in prison cell
Eleven villagers from Tshayane village in Nkayi, Matabeleland North province, were allegedly tortured and assaulted by police officers from Manoti Police Station in Gokwe, Midlands province, on July 1...Published: 12 Sep 2024 at 08:02hrs | 784 | by Staff reporter
Mashayamombe nominated for global award
Women's rights defender Nyaradzo Mashayamombe has been named one of three finalists for the prestigious 2024 UN SDG Action Awards.Mashayamombe will travel to Rome, Italy, for the awards ceremo...Published: 11 Sep 2024 at 09:01hrs | 120 | by Staff reporter
Chinese investors elbow out local chrome miners
An investigation has revealed that the Zimbabwe Mining and Alloy Smelting Company (Zimasco) has replaced around 150 small-scale chrome miners with Chinese investors, raising concerns about discriminat...Published: 10 Sep 2024 at 07:27hrs | 206 | by Staff reporter
Mukanya claims Zanu-PF stole his land
Thomas Mapfumo, a Zimbabwean musician known for his politically charged songs, has alleged that the ruling Zanu-PF party revoked land that was allocated to him by the Harare City Council in the early ...Published: 08 Sep 2024 at 15:15hrs | 968 | by Staff reporter
Zanu-PF councilors snub residents meeting
Mvuma residents are up in arms against the district's councillors who snubbed a meeting that had been called for them to hear grievances from the small mining town.The meeting was arranged by ...Published: 08 Sep 2024 at 13:51hrs | 283 | by Staff reporter
Zimbabwean gold syndicate kingpin accused of acquiring fake South African ID
AN investigation into illicit gold mining has uncovered how one of the accused obtained a fraudulent identity document, 12 years after arriving in South Africa.The home affairs officer probing...Published: 07 Sep 2024 at 10:29hrs | 10266 | by Staff reporter
RBZ predicts further Zimbabwe economic downturn
The Reserve Bank of Zimbabwe (RBZ) has revised its 2024 economic growth forecast down to 2%, citing the severe drought's impact on economic activity. This is a sharp decline from earlier estim...Published: 06 Sep 2024 at 14:42hrs | 2580 | by Staff reporter
How Zimbabwean accused in gold syndicate acquired SA ID
An investigation into illicit gold mining has uncovered how one of the accused obtained a fraudulent identity document, 12 years after arriving in SA.The home affairs officer probing the case ...Published: 06 Sep 2024 at 07:41hrs | 548 | by Staff reporter
Vulindlela Ndlovu unveils Cimas mobile clinic
The Vulindlela Ndlovu led Cimas has launched a mobile clinic aimed at improving healthcare access for marginalized communities in Zimbabwe. The mobile clinic is equipped with essential medical...Published: 04 Sep 2024 at 07:55hrs | 134 | by Staff reporter
Toddlers gruesomely murdered
Farai Nyamurenje from Mutoko has been ordered for a third psychiatric evaluation to determine his mental state following the murder of his two-year-old son, Tatenda, in 2012. After the inciden...Published: 04 Sep 2024 at 07:54hrs | 250 | by Staff reporter
Zimbabwe Central Bank issues revised forex market guidelines
The Reserve Bank of Zimbabwe (RBZ), through its Exchange Control department, has issued updated guidelines and compliance parameters for the interbank foreign exchange market, emphasizing the limitati...Published: 04 Sep 2024 at 07:46hrs | 126 | by Staff reporter
RBZ makes U-turn
The Reserve Bank of Zimbabwe (RBZ) has announced that holders of non-negotiable certificates of deposit (NNCDs) will now receive tradable government bonds. This decision comes in response to pressure ...Published: 03 Sep 2024 at 15:45hrs | 27514 | by Staff reporter
Zimbabwe central bank injects US$190 million to meet forex demand
Zimbabwe's central bank has injected US$190 million into the foreign-exchange market to meet demand for dollars and maintain economic stability since the introduction of a new bullion-backed currency,...Published: 03 Sep 2024 at 14:37hrs | 465 | by Staff reporter
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