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'Zimdollar returns'
THE Reserve Bank of Zimbabwe (RBZ) has effectively brought back the local currency after denoting the existing electronic balances, bond notes and coins in circulation as real time gross settlement (R...Published: 2 hrs ago | 475 | by Staff reporter
Mangudya kills forex black market?
INDUSTRIALISTS and market watchers have hailed the monetary policy statement presented yesterday by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, saying it will kill the foreign currency p...Published: 10 hrs ago | 2197 | by Staff reporter
It's squeaky bum time for unsung Mangudya
Like many Manchester United fans around the world missing the good old days, I also regularly find myself reminiscing about the managerial prowess of Sir Alex Ferguson, whose inimitable success at one...Published: 19 Feb 2019 at 17:13hrs | 2985 | by Guthrie Munyuki
$7bn needed for cleaner energy in Zimbabwe
A CLIMATE change specialist has said Zimbabwe needs close to $7 billion to mitigate climate change effects by 2030.This was revealed last week in Parliament by director of water and climate ch...Published: 19 Feb 2019 at 08:24hrs | 142 | by Staff reporter
Pre-monitory policy statement expectations
Expectations are high as the market awaits the presentation of the first monitory policy statement (MPS) of 2019 by the Reserve Bank of Zimbabwe in the coming days. The bank knows the weight of hyperi...Published: 17 Feb 2019 at 22:58hrs | 1031 | by Victor Bhoroma
Zimbabwe urgently needs own currency
THE drive for Zimbabwe to have its own currency is understandably gain-ing traction, particularly given the aberrations of price increases, multi-tier pricing and foreign currency shortages on the loc...Published: 17 Feb 2019 at 18:44hrs | 5056 | by Edmore Ndudzo
Zimbabwe maize harvest forecast at 900 000t
ZIMBABWE expects to harvest 900 000 tonnes of maize this year. This is an upward revision from the 800 000 tonnes initially forecast but is below the 1.8 million tonnes, the country consumes on an ann...Published: 17 Feb 2019 at 16:40hrs | 1766 | by Staff reporter
Zimbabwe bonds its resources until 2020
With international lenders continuing to shun Zimbabwe due to its dismissal repayment record and toxic politics President Emmerson Mnangagwa's skint government has resorted to mortagaging the country'...Published: 14 Feb 2019 at 08:11hrs | 1209 | by Staff reporter
Mangudya in monetary policy fix
DISCORD between Reserve Bank of Zimbabwe (RBZ) governor John Mangudya and Finance minister Mthuli Ncube over policy issues around currency reforms has delayed the presentation of the monetary policy s...Published: 08 Feb 2019 at 08:48hrs | 4008 | by Staff reporter
Afreximbank avails $255m letters of credit to Zimbabwe
The African Export Import Bank (Afreximbank) has availed US$255m letters of credit to Zimbabwe for fuel imports and the production of basic commodities in a bid to ensure adequate input supplies to th...Published: 07 Feb 2019 at 08:06hrs | 1809 | by Staff reporter
Zimbabwe economic revival: none but ourselves
"Government must create jobs for us, we want our hospitals to be top notch medical facilities, we want to eat what we want anytime, there is no bread on the shelves, all our roads should be tarred, ha...Published: 06 Feb 2019 at 10:25hrs | 938 | by Elijah Chihota
Bold steps Mnangagwa should be taking instead of fiddling with the petrol price
When economically-challenged rulers try to run nations, especially fragile ones, they can easily make mistakes.In the past few weeks, demonstrators have taken to the streets of Khartoum and Om...Published: 05 Feb 2019 at 06:44hrs | 2858 | by Robert Rotberg
Mnangagwa's military crackdown a reincarnation of Gukurahundi
We, the deeply concerned, patriots of Zimbabwe living here in the United States, are here because we have a problem, a problem of State-sponsored terror and atrocities ordered and sanctioned by someon...Published: 30 Jan 2019 at 07:51hrs | 277 | by Pearl Matibe
Trade deficit widens
ZIMBABWE recorded a trade deficit of $2,3 billion in the period between February and December 2018, latest trade data has shown.Figures released by the Zimbabwe National Statistics Agency (Zim...Published: 29 Jan 2019 at 08:39hrs | 733 | by Staff reporter
What does the future have in store for me as a tobacco farmer or mukorokoza?
Having been a tobacco farmer for the last three years and my young brother being an artisinal gold miner, mukorokoza for a longtime we have nothing to show from our exploits except that we are wallowi...Published: 28 Jan 2019 at 07:27hrs | 1503 | by Henry Madiro
Mnangagwa running out of options - and time
ZIMBABWE'S political chaos is a function of its economic crisis – and the economy is only getting worse. To all intents and purposes, Zimbabwe is broke.The government has so little income that i...Published: 25 Jan 2019 at 08:40hrs | 4315 | by Simon Allison
Zimbabwe industry capacity utilisation seen falling to 30%
CAPACITY utilisation in Zimbabwe's manufacturing industry rose by 3,1 percentage points to 48,2 % in 2018 but there are fears that the sector could contract to as low as 30% if the country's foreign c...Published: 21 Jan 2019 at 08:39hrs | 114 | by Staff reporter
Mnangagwa arrives in Kazakhstan
President Emmerson Mnangagwa has landed in Astana, the capital of Kazakhstan from Azerbaijan this Saturday evening.He was received by the Minister of Industry and Commerce, Mr Zhenis Kassymbek...Published: 19 Jan 2019 at 18:55hrs | 1306 | by Staff reporter
Mnangagwa arrives in Azerbaijan
President Mnangagwa has arrived in Baku, Azerbaijan, where is he is scheduled to hold talks with that country's leader, President Ilham Aliyev. President Mnangagwa was received at Heydar Aliye...Published: 19 Jan 2019 at 11:06hrs | 374 | by Staff reporter
Mnangagwa needs a proper team
"The best time to plant a tree is 20 years ago. The second-best time is now" - African proverb.It has just been six months since Zimbabwe held its general elections and, for the better part of...Published: 19 Jan 2019 at 10:48hrs | 440 | by Cephas Msipa
Temporary forex relief for companies
COMPANIES facing imminent closure due to lack of foreign currency got temporary respite after government issued letters of credit allowing large corporates to procure raw materials, Confederation of Z...Published: 18 Jan 2019 at 12:16hrs | 960 | by Staff reporter
Bond notes and their possible long-term legacy
Zimbabwe's export incentive scheme, bond notes, were introduced to encourage exports and address the liquidity crunch in the country. If, for example, tobacco exporters accept bond notes, they receive...Published: 17 Jan 2019 at 10:23hrs | 1209 | by Staff reporter
Mutsvangwa slams Mnangagwa's 'forex allocation economy'
OUTSPOKEN Zimbabwe war veterans' association chair, Chris Mutsvangwa has slammed government and the central bank for cherry-picking local firms to favour with scarce foreign currency allocation at the...Published: 17 Jan 2019 at 07:43hrs | 5657 | by newzimbabwe.com
Dear President Mnangagwa, our demands are simple
Dear Mr President,Let's start by talking about what's important to Zimbabweans.The things Zimbabweans demand are not complicated. They are not anything out of the ordinary.They...Published: 14 Jan 2019 at 22:58hrs | 8507 | by newZWire
Mnangagwa flees to Russia?
President Mnangagwa early this morning left for Russia on the first leg of a whirlwind five-country tour that will take him across Eurasia and then to Switzerland, as part of his international engagem...Published: 14 Jan 2019 at 15:08hrs | 534 | by Staff reporter
Wrong turn Mr President
Dear Mr PresidentMr President I'm sure someone is giving you very wrong advice. I can't imagine an elected President holding a press conference to dish out misery and poverty to his people. Th...Published: 14 Jan 2019 at 10:46hrs | 3141 | by Munya Shumba
Zimbabwe facing foreign currency shortages, not fuel, says Mnangagwa
News Editor Gift Phiri sits down for a wide-ranging interview with President Emmerson Mnangagwa's spokesperson George Charamba about the stuttering economy and what government is doing to address the ...Published: 13 Jan 2019 at 22:28hrs | 922 | by Staff reporter
Social media, a blessing or curse?
Social media, its a free for all with gossipers, rumour mongers, 'tweemboz and netizens' all trying to bring out the supposedly scoop on breaking news. Despite the whispering from the sixth sens...Published: 13 Jan 2019 at 09:40hrs | 265 | by Tondorindo
Angry motorist force Station selling fuel in US$ only to close – flood of anger against hardship will be unstoppable
"Motorists forced a fuel service station to close in Waterfalls after unearthing corruption where fuel was being selectively sold in US dollars only," reported Bulawayo 24."The agitated motori...Published: 13 Jan 2019 at 09:39hrs | 1374 | by Patrick Guramatunhu
Devolution should see Mashonaland Central Province coming up tops
Devolution should see Mashonaland Central Province coming up tops with other provinces only following in the wake and vortex of its success stories. Endowed with iconic landscapes and stunning...Published: 13 Jan 2019 at 09:12hrs | 314 | by Thomas Murisa.
Zimbabwe: A presidency under siege, is there a way out?
“The best time to plant a tree is twenty years ago. The second-best time is now” - African ProverbIt’s only been six months since Zimbabwe held its ...Published: 13 Jan 2019 at 04:25hrs | 12831 | by Lloyd Msipa
Mnangagwa, Putin to meet
President Mnangagwa will meet the President of the Russian Federation Mr Vladmir Putin during his four-nation trip to Europe next week. The Zimbabwean leader is scheduled to visit Russia, Bela...Published: 12 Jan 2019 at 17:09hrs | 539 | by Staff reporter
Chiwenga slams use of social media to cause panic buying
ACTING President Constantino Chiwenga has castigated abuse of social media to cause panic buying of fuel and other basic commodities. Officiating at the launch of the second phase of the centr...Published: 11 Jan 2019 at 09:23hrs | 459 | by Staff reporter
Mnangagwa kick-starts 2019 reengagement offensive
President Emmerson Mnangagwa kick-starts his 2019 engagement and reengagement and economic diplomacy offensive with visits to four European countries next week and the Davos World Economic Forum meeti...Published: 10 Jan 2019 at 14:59hrs | 2440 | by Staff reporter
Zimbabwe trade deficit drops
Zimbabwe's trade deficit narrowed 37 percent in October last year to $144 million after total exports jumped 25 percent to $449 million largely driven by a 300 percent vault in tobacco shipments, acco...Published: 10 Jan 2019 at 07:39hrs | 262 | by Business Weekly.
Tobacco farmers cautious as El Nino threat lurks
ZIMBABWE'S tobacco farmers have increased the area under the golden leaf this year, but remain cautious that output will surpass last year's 252 million kilogrammes record as the threat of poor rainfa...Published: 09 Jan 2019 at 11:33hrs | 203 | by Staff reporter
Zimbabwe MPs 'eating' on behalf of hungry constituents
As the electorate and citizens we have an obligation to question the way we are governed and/or represented. Yes, it is every citizen's right to seek representation either in the Executive or the Legi...Published: 09 Jan 2019 at 11:23hrs | 151 | by Elliot Ziwira
Mnangagwa flies to 5 countries next week
President Mnangagwa will next week go on a five-nation working visit as his administration intensifies its engagement and re-engagement drive, Presidential spokesperson Mr George Charamba revealed yes...Published: 09 Jan 2019 at 11:22hrs | 569 | by Staff reporter
Mnangagwa lays out 2019 vision
President Mnangagwa will next week go on a five-nation working visit as his administration intensifies its engagement and re-engagement drive, Presidential spokesperson Mr George Charamba revealed yes...Published: 09 Jan 2019 at 11:12hrs | 211 | by Staff reporter
Mnangagwa's Zimbabwe heads for shutdown
Government could be headed for a complete shutdown if it does not urgently address the concerns of its employees who are downing tools to press for better pay and improved working conditions, analysts...Published: 07 Jan 2019 at 09:05hrs | 5875 | by Staff reporter
Zimbabwe Cricket sues Harare Sports Club
Zimbabwe Cricket has approached the High Court seeking an order to compel the Harare Sports Club to pay over $90 000 for loss of revenue, accusing the club of breaching a lease agreement by double lea...Published: 07 Jan 2019 at 08:42hrs | 259 | by Staff reporter
Business slams Mthuli Ncube's forex committee
BUSINESS leaders say the setting up of a forex allocation committee by government will not solve the prevailing foreign currency crisis.Finance minister Mthuli Ncube last Friday set up a forex...Published: 07 Jan 2019 at 08:39hrs | 1689 | by Staff reporter
Les Propheties: A peep into the year ahead
FRENCH apothecary and astrologer Michel de Nostredame, commonly referred to as Nostradamus, is best known for his book Les Propheties, a collection of 942 poetic quatrains claiming to predict future e...Published: 06 Jan 2019 at 10:06hrs | 184 | by Staff reporter
Zimbabwe Mine workers want US$ wages
THE Zimbabwe Diamond and Allied Minerals Workers' Union (ZDAMWU) has demanded that its members be paid their wages in United States dollars or have their earnings pegged above the poverty datum line t...Published: 03 Jan 2019 at 09:17hrs | 1026 | by Staff reporter
A review of Zimbabwe's trade performance in 2018
ZIMBABWE's exports have been on a steady growth path throughout the year but imports rose at a much even faster pace. In this piece, NewsDay's Mthandazo Nyoni looks at how the country has fared in the...Published: 01 Jan 2019 at 11:14hrs | 461 | by Staff reporter
Zimbabwe prepares for hard 2019
Business leaders and analysts have warned that the country's deepening economic rot will continue to ravage long-suffering Zimbabweans in 2019 - amid dire predictions that the first quarter of the new...Published: 31 Dec 2018 at 18:34hrs | 312 | by Shamiso Dzingire and Tendayi Madhomu
Fuel shortage hits small-scale miners
THE Zimbabwe Miners' Federation (ZMF) says the prevailing fuel shortage has significantly crippled small-scale mining operations as most of its members use diesel. Zimbabwe has been experiencing fuel ...Published: 31 Dec 2018 at 17:32hrs | 199 | by Staff reporter
The difference between Rhodesians and Zimbabweans is on the love for their country
It is quite a shame that we want to come out with many theories on what is wrong with Zimbabwe and why Rhodesians managed the economy.Rhodesians where shroud economists and had the country at ...Published: 31 Dec 2018 at 09:09hrs | 2149 | by Henry Madiro
Re-dollarisation of economy: Wrong turn for Zimbabwe
There is an effervescence in the economy – an imperceptible but definite shift towards re- dollarisation of the economy.Initially a trickle, this will soon turn into a mighty tide in one dir...Published: 30 Dec 2018 at 10:06hrs | 1593 | by Joseph Mverecha
Mnangagwa threatened with #ShutDownZimbabwe
THE Zimbabwe Congress of Trade Unions (ZCTU) has demanded that President Emmerson Mnangagwa's government decisively tackle the country's economic challenges or risk workers going on an indefinite stri...Published: 28 Dec 2018 at 20:49hrs | 989 | by Staff reporter
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