Search / Slumping
Zimbabwe miners propose royalties linked to metal prices
Zimbabwe's Chamber of Mines has put forward a proposal to the Ministry of Finance suggesting that royalty payments be linked to the market prices of metals, including lithium and platinum group metals...Published: 16 Nov 2024 at 14:27hrs | 96 | by Staff reporter
Next Zimbabwe President faces uphill task
ZIMBABWE is facing a host of pressing challenges that voters dearly want the next president to address. Persistently high inflation, elevated interest rates, and a slumping and volatile Zimbabwe dolla...Published: 17 Aug 2023 at 06:52hrs | 10 | by Jonathan Munemo
Zimdollar rates race to 3,000
In a significant blow to Zimbabwe's economy, the country's dollar experienced a sharp decline of 26 percent during Tuesday's foreign-exchange auction, a Bloomberg report said. The official exchange ra...Published: 24 May 2023 at 17:12hrs | | by Staff reporter
Russia's rouble comes roaring back
The rouble has surged all the way back to where it was before Russia invaded Ukraine, closing at 79,7 in Moscow on Wednesday.In the days after the Ukraine war began, the rouble's collapse was ...Published: 08 Apr 2022 at 06:40hrs | | by Staff reporter
Warriors fall in FIFA rankings
ZIMBABWE paid for their failure at the 2021 AFCON tournament in Cameroon when they dropped one place on the FIFA/Coca-Cola World Ranking.The Warriors are now ranked number 122 in the world and...Published: 10 Feb 2022 at 17:40hrs | 5 | by Staff reporter
ZESA approves payment of bills in US$
ZIMBABWE'S cash-strapped utility Zesa Holding Ltd. allowing people to pay their bills in foreign currency as it struggles to fund the nation's power imports.Zesa said in an emailed statement o...Published: 20 Dec 2020 at 20:25hrs | 8 | by Staff reporter
Kariba set to stop power generation by October
Imports are the only short-term solution to ending Zimbabwe's power crisis as receding water levels at the main hydro-power plant continue to curtail generation, an official said on Monday.Zim...Published: 05 Aug 2019 at 19:12hrs | | by New Ziana
Ethnic card not to blame for poor school results in Matebeleland
The recent recruitment of 1 300 teachers, by the Ministry of Primary and Secondary Education, with the bulk of them being deployed to Matabeleland provinces, is a stride in the right direction. ...Published: 12 Mar 2019 at 05:55hrs | | by Elliot Ziwira
Chamisa poll dispute pushes up forex rates
Economists expect real-time gross settlement (RTGS) and EcoCash transfers to initially gain against the United States dollar for a while once the dispute over election results is finalised, before slu...Published: 19 Aug 2018 at 06:50hrs | | by Staff reporter
Zimbabwe seeks spot at 2019 World Cup
IT was certainly one of the more surprising appointments of 2018 when Peter De Villiers was announced as Zimbabwe's new head coach in February.His considerable task is to guide the country to ...Published: 17 Apr 2018 at 07:14hrs | 6 | by Staff reporter
Zimbabwe resumes diamond auctions
ZIMBABWE conducted a diamond auction sale this month, as production of the precious stones gradually recovers after slumping to an all-time low of less than two million carats from peak levels of 12 m...Published: 23 Feb 2018 at 06:24hrs | | by Staff reporter
NRZ deal inches closer
GOVERNMENT has, in the last three weeks, been locked in negotiations with the Diaspora Infrastructure Development Group (DIDG) and South Africa's Transnet, as efforts to wrap up the US$400 million dea...Published: 19 Nov 2017 at 08:44hrs | | by Staff reporter
A $1.4 billion game changer for Zimbabwe
GOVERNMENT says the sealing of two mega investment deals by the National Railways of Zimbabwe and Ziscosteel will have a far-reaching impact on the broader national economy.The deals have a co...Published: 29 Oct 2017 at 07:17hrs | | by Staff reporter
DStv parent eyes Zimbabwe mobile firms
Africa's most valuable company, Naspers which owns MultiChoice, has set its eyes on partnering with Zimbabwe's mobile telephone firms to boost its video-on-demand business.This comes as th...Published: 01 Feb 2017 at 14:08hrs | 1 | by Staff reporter
How Zimbabwe's dictatorship has played out
While 2016 ominously came to a close with long bank queues nationwide owing to egregious economic mismanagement by the Robert Mugabe regime, 2017 is set to be another annus horribilis for Zimbabwe, pr...Published: 15 Jan 2017 at 08:52hrs | 1 | by Paul Simon
Benefits of poverty reduction strategies through economic growth
The government has recently indicated in its draft interim poverty reduction strategy paper (I-PRSP) that it is targeting an economic growth rate of 6.6% from 2016-2018. The strategy also targets infl...Published: 23 Aug 2016 at 17:38hrs | | by Blessing Machiva
FC Platinum consolidate log lead
Triangle FC 1-2 FC PlatinumLEADERS FC Platinum stemmed a three-match winless streak to overcome Triangle at Gibbo and open a five-point lead at the top of the Castle Lager Premier Soccer League st...Published: 22 Aug 2016 at 06:29hrs | | by Oscar Rusenga
Exposing the veil of ignorance behind Bond Notes
The government has in the past weeks announced its plans to introduce bond notes to ease cash shortages and to prevent externalization. The bonds will be underwritten by a US$200 million loan from Cai...Published: 10 Aug 2016 at 08:59hrs | | by Blessing Machiva
Tsvangirai is the cheapest Politician
Morgan Tsvangirai, the MDC-T president, is the cheapest politician that thrives on sensationalism, and capitalizing on human emotions. When the pained Itai Dzamara family and associates were demonstra...Published: 11 Mar 2016 at 12:25hrs | | by Suitable Kajau
Multi-currency makes Zim economy stable
The Zimbabwean government introduced the multi-currency system on 30th January 2009 as an economic strategy to combat the hyperinflationary trend that had gripped the local market due to the unbridled...Published: 14 Jan 2016 at 11:38hrs | | by Suitable Kajau
Grace Mugabe's succession game plan unravels
After eight rallies across the country's provinces in a whirlwind campaign almost similar to her blitz against ousted Vice-President Joice Mujuru, First Lady Grace Mugabe might not have been prepared ...Published: 06 Dec 2015 at 09:30hrs | | by Staff reporter
Mugabe's allies fear ousting him could see them sidelined
PRESIDENT Robert Mugabe's oldest allies favour letting the 91-year-old remain in office indefinitely rather than trying to oust him even as Zimbabwe's economy collapses, members of the decision-making...Published: 05 Oct 2015 at 12:06hrs | | by Mail and Guardian Africa
Dembare outclassed by Chicken Inn
IT might just have been their first league loss in David Mandigora's second coming but this was a humiliation in their fortress, with champions Dynamos crashing to their worst Premiership defeat at ho...Published: 04 May 2015 at 07:18hrs | | by Robson Sharuko
Threat to Mugabe lies in Zanu-PF
FOR 13 years the biggest threat to Zimbabwe President Robert Mugabe's grip on power came from an opposition party that grew out of the country's labour unions. Now he is facing an even bigger challeng...Published: 21 Apr 2015 at 08:20hrs | | by Brian Latham I Bloomberg
Alistar Campbell begins Zimbabwe cricket rescue mission
Barely two months after former Zimbabwe cricket captain Alistair Campbell stirred the hornet's nest declaring in international media that cricket in the country was on the brink of slumping into the a...Published: 25 Jan 2015 at 11:23hrs | | by Sports reporter
Warriors drop nine places on Fifa World rankings
The Zimbabwe Warriors have dropped 9 places on the FIFA World rankings released today.The Warriors are now outside the world's top 100 teams.Zimbabwe were ranked 92nd in the month ...Published: 23 Oct 2014 at 15:44hrs | | by Staff reporter
'I love Mugabe,' says SA tycoon
SOUTH AFRICAN businessman Frederick Wilhelm August Lutzkie, who crash-landed and buried his chopper at Doddieburn Farm, yesterday spoke of his love for Zimbabwe and President Robert Mugabe.Sp...Published: 20 Jun 2014 at 06:21hrs | 1 | by Staff reporter
Zim economy in dire straits
THE country's economy continues to swing directionless with figures indicating that the Zimbabwe Stock Exchange (ZSE), seen as the barometer of the economy, slumping by US$642,8 million to US$4,56 bil...Published: 12 Jun 2014 at 08:25hrs | | by Fingaz
GMOs remain banned in Zimbabwe
THE Zimbabwe government said on Monday it will focus on boosting production of non-gentically modified organisms (GMO) foods as it targets exploiting markets where there is high demand for naturally p...Published: 27 May 2014 at 06:02hrs | | by Staff reporter
Liverpool fan killed after Arsenal loss
NAIROBI - A fan of English premier league team Liverpool was stabbed to death, allegedly by an Arsenal supporter, as they watched their weekend match on television at a bar in Meru County, eastern Ken...Published: 11 Feb 2014 at 06:48hrs | | by Africa Review
Britain should have invaded Zimbabwe
ROBERT Mugabe has long claimed that Britain wanted to overthrow him, using this to smear his political opponents as Western stooges and shore up support for his kleptocratic regime in Zimbabwe. He has...Published: 30 Nov 2013 at 17:06hrs | | by Ian Birrell
Rise in Murowa diamond output
Diamond production at Murowa mine rose marginally to 279 000 carats during the first nine months of the year from 277 000 carats mined in the corresponding period last year, parent company Rio Tinto r...Published: 18 Oct 2013 at 04:36hrs | | by Staff Reporter
BlackBerry co-founders considering bid for struggling smartphone maker
BlackBerry Ltd co-founders Mike Lazaridis and Douglas Fregin are considering a bid to buy the struggling smartphone maker, according to a securities filing on Thursday, raising the prospect of an alte...Published: 11 Oct 2013 at 00:07hrs | 12 | by Tech Reporter
Labor party suffers a crushing defeat
Australia's opposition has crushed the governing Labor party in a general election that has returned the Liberal-National coalition to power for the first time in six years.Early projections s...Published: 07 Sep 2013 at 15:02hrs | 1 | by BBC
Musona turns down SA's Supersport United
KNOWLEDGE Musona has refused an offer from SuperSport United to return to the Premier Soccer League next season despite struggling in the German Bundesliga since leaving Kaizer Chiefs two years ago....Published: 29 Apr 2013 at 09:08hrs | | by Sports reporter
Spurs stop slumping Knicks for 8th straight win
SAN ANTONIO - DeJuan Blair says he no longer thinks when he plays. It's exactly what the San Antonio Spurs , who've built championships on brains, want to hear.Blair had 18 points and 13 rebou...Published: 22 Jan 2011 at 13:37hrs | 2 | by Byo24NEWS Sport
Load More Stories