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Econet in aggressive 5G roll out
Econet Wireless Zimbabwe (EWZ), the country's leading mobile network operator, is continuing its aggressive rollout of 5G base stations as part of its strategy to solidify its position in the increasi...Published: 20 Nov 2024 at 07:08hrs | 620 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 184 | by Staff reporter
Mnangagwa declares Mbare inferno a disaster
President Emmerson Mnangagwa has declared the devastating fire that ravaged the Mbare Traders Market a state of disaster, paving the way for urgent assistance and resources to support thousands of tra...Published: 19 Nov 2024 at 08:56hrs | 1062 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 200 | by Staff reporter
Innscor engages govt over tax
Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its fina...Published: 18 Nov 2024 at 15:06hrs | 164 | by Staff reporter
Confidence in Zimbabwe gold currency hits historic low
Confidence in the Zimbabwe Gold (ZiG) currency has dropped to an all-time low, a member of the Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has admitted.Introduced in April this ye...Published: 14 Nov 2024 at 09:52hrs | 1780 | by Staff reporter
There're now two Zimbabwes: One for a small elite and the other for millions of poor Zimbabweans
Over the past few years, Zimbabwe has reportedly experienced steady economic growth. According to government statistics, GDP growth rates have shown positive movement, suggesting that the coun...Published: 13 Nov 2024 at 22:05hrs | 574 | by Tendai Ruben Mbofana
Bulawayo councillors flag sprouting illegal bus ranks
Councillors in Bulawayo are concerned over the rise of illegal bus ranks in the city as it becomes clear that the long-awaited Egodini Mall project may not be able to accommodate all city buses. With ...Published: 12 Nov 2024 at 10:56hrs | 242 | by Staff reporter
Zimbabwe govt urges urban densification
The Zimbabwean government is pushing for higher-density settlements in urban areas to address land demand and protect agricultural regions critical to national food security. Speaking at the Africa In...Published: 11 Nov 2024 at 07:03hrs | 145 | by Staff reporter
Russia, Africa pledge to bypass Western-controlled global mechanisms
In a bold move to reshape international relations and break away from Western influence, Russia and African nations have committed to reducing their reliance on global systems dominated by the West. A...Published: 11 Nov 2024 at 07:01hrs | 90 | by Staff reporter
Zimra goes after influencers, tourism players
The Zimbabwe Revenue Authority (Zimra) has initiated a comprehensive campaign to assess the tax compliance of various tourism stakeholders, including social influencers, as part of efforts to ensure a...Published: 08 Nov 2024 at 06:59hrs | 151 | by Staff reporter
Zimbabwean man in court for defrauding Defence deputy minister
A 29-year-old man from Maglas Township in Zvishavane, Midlands Province, appeared before the Harare Magistrates Court on Thursday facing a fraud charge after allegedly defrauding Zimbabwe's Defence De...Published: 06 Nov 2024 at 06:57hrs | 1383 | by Staff reporter
Retail outlets closes amid ZWG fluctuation
The recent spate of closures among prominent retail outlets in Zimbabwe has prompted Parliament to demand an explanation from Finance Minister Mthuli Ncube. The closures, attributed to the ongoing eco...Published: 05 Nov 2024 at 08:25hrs | 7785 | by Staff reporter
Businessman acquitted of selling stolen fuel
Kwekwe businessman Mr. Asif Kurawely, the director of Seven Rows Investments (Pvt) Limited, trading as Arman Petroleum, has been acquitted of charges alleging he sold stolen fuel.Mr. Kurawely,...Published: 04 Nov 2024 at 15:46hrs | 1696 | by Staff reporter
Max Verstappen takes aim at biased British press after Brazilian GP
Max Verstappen has finally broken a months-long winless drought with a stunning victory from 17th on the grid at the Brazilian Grand Prix - and he was in fine form in the aftermath.After a con...Published: 04 Nov 2024 at 09:19hrs | 405 | by Staff reporter
11 Chinese investors eye Bulawayo for multi-billion dollar projects
Bulawayo is poised for a significant boost in its re-industrialisation initiatives as 11 prominent Chinese companies have expressed interest in investing in the city. These firms, which span sectors s...Published: 03 Nov 2024 at 10:14hrs | 1565 | by Staff reporter
Mutsvangwa's legal troubles could have broader implications
Neville Mutsvangwa, son of ZANU-PF spokesperson Christopher Mutsvangwa, has been remanded to December 4 as the State seeks to escalate his case to the High Court for trial. He faces serious criminal c...Published: 01 Nov 2024 at 06:37hrs | 2978 | by Staff reporter
Russia fines Google US$2.5 decillion
A Russian court has fined Google $2.5 decillion for allegedly blocking pro-Kremlin propaganda on YouTube.The fine, which is the equivalent of $2.5 trillion trillion trillion, is the result of ...Published: 31 Oct 2024 at 08:37hrs | 748 | by Staff reporter
Zimbabwe-China trade hits $3 billion
Trade between Zimbabwe and China has surged in the first nine months of 2024, reaching a record $3 billion, marking a 25.6% year-on-year increase. Zimbabwe's exports to China stood at $2.1 billion, wh...Published: 30 Oct 2024 at 15:46hrs | 377 | by Staff reporter
Britain's former colonies should be thankful for the legacy of empire
Britain's former colonies should be thankful for the legacy of empire, not demanding reparations, according to the Conservative leadership candidate Robert Jenrick.In comments that were descri...Published: 30 Oct 2024 at 09:51hrs | 719 | by Staff reporter
Harare demolishes Mbare structures
The Harare City Council has demolished illegal structures near its Remembrance Offices in Mbare to prepare a site for the relocation of traders affected by last month's devastating fire. The site, onc...Published: 30 Oct 2024 at 07:53hrs | 486 | by Staff reporter
South Africa totally correct to 'relocate Taiwan' out of Pretoria
The brouhaha around the forced relocation of the Taipei Liaison Office from SA's capital Pretoria to Johannesburg - approximately 50 km southward - is completely misplaced.In 1997, SA cut dipl...Published: 25 Oct 2024 at 09:13hrs | 1214 | by Abbey Makoe
Zimbabwe's Education-Economy Nexus
Zimbabwe's Education-Economy Nexus: Evaluating the Impact of Education on Graduate Employment and Economic GrowthIntroductionZimbabwe's educatio...Published: 23 Oct 2024 at 20:19hrs | 136 | by Isaac Nkomah
Dumping US dollar 'keeps politics out of economic development'
Boosting trade settlements in national currencies between members of the BRICS group is a strategic necessity, Russian President Vladimir Putin has said, adding that a shift from the US dollar would s...Published: 22 Oct 2024 at 15:55hrs | 587 | by Staff reporter
Gold Mafia saga: Al Jazeera property attached
The High Court of Zimbabwe has ordered the Sheriff to attach all properties owned by the Al Jazeera Media Network in the country as security for costs, following a lawsuit filed by Mehluli Dube, a sou...Published: 22 Oct 2024 at 08:03hrs | 852 | by Staff reporter
Bulawayo City Council stops Egodini Terminus construction
The Bulawayo City Council has taken decisive action to address the growing lawlessness caused by kombi operators and vendors, temporarily halting the construction of Phases 1B and 2 at the Egodini Ter...Published: 21 Oct 2024 at 07:46hrs | 547 | by Staff reporter
Ex-top Zimbabwe govt official accused of grabbing farm equipment
Former diplomat and ex-permanent secretary Joey Bimha is embroiled in a legal dispute concerning allegations of improperly seizing farming equipment from his former business partner, Sebastian Hugh Zi...Published: 20 Oct 2024 at 14:14hrs | 4401 | by Staff reporter
SA asks Taiwan to move its de-facto embassy from Pretoria
South Africa's government said on Friday that it had asked Taiwan to relocate its de facto embassy out of the capital Pretoria, while Taiwan accused it of bowing to pressure from China.South A...Published: 20 Oct 2024 at 14:02hrs | 315 | 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 | 155 | by Michael Badze
George Guvamatanga rules out Zimbabwe exchange-rate convergence
Zimbabwe won't allow the street rate of the ZiG to determine where its official rate should be as it isn't driven by market fundamentals, a senior Treasury official said.The ZiG is trading at ...Published: 18 Oct 2024 at 08:53hrs | 1701 | by Staff reporter
Taxes, fees to be paid in ZiG
The Zimbabwean Treasury is set to implement new measures requiring most taxes and fees to be paid exclusively in the Zimbabwe Gold (ZiG) currency, a move aimed at increasing demand and stabilizing its...Published: 17 Oct 2024 at 09:05hrs | 2516 | by Staff reporter
Mnangagwa declares State of Disaster after Mbare market fire
President Emmerson Mnangagwa has declared a State of Disaster following the devastating fire that tore through Mbare Traders Market on October 8, 2024. The fire, which raged for hours before being ext...Published: 15 Oct 2024 at 14:00hrs | 739 | 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 | 2968 | by Staff reporter
5 police officers acquitted on US$15,000 extortion charges
Five Harare police officers who were accused of demanding a US$15,000 bribe from a company director to drop false rape charges have been acquitted. Harare magistrate Donald Ndirowei cleared the office...Published: 14 Oct 2024 at 08:12hrs | 240 | by Staff reporter
Zanu-PF MP blames opposition for loss of livelihoods
Parliament has urged the government to conduct a comprehensive investigation into a spate of fires that have recently devastated informal trading spaces and buildings in Harare. The call for inquiry f...Published: 13 Oct 2024 at 12:33hrs | 269 | 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 | 341 | by Staff Reporter
Fire breaks out at Mbare Musika market
A massive fire broke out at Mbare Musika market in Harare on Tuesday night, wreaking havoc on the bustling informal trade hub and destroying countless properties and livelihoods. The blaze, which star...Published: 09 Oct 2024 at 07:57hrs | 1668 | by Staff reporter
ZiG's false promise: Debunking the gold-backed myth
Some of us said it from day one, but we were accused of being 'prophets of doom'.When the Zimbabwe authorities declared war on illegal money changers, ostensibly, in order to 'defend' the stab...Published: 07 Oct 2024 at 16:36hrs | 1409 | by Tendai Ruben Mbofana
Mutapa assets valued at US$16bn
A comprehensive valuation of companies under the Mutapa Investment Fund (MIF), carried out by prominent local and international accounting firms over the past five months, has placed the total value o...Published: 06 Oct 2024 at 10:02hrs | 217 | by Staff reporter
Mr. President, you'll never fix the economy when you behave like a witchdoctor!
When I was listening to President Emmerson Dambudzo Mnangagwa delivering his State of the Nation Address (SONA) yesterday, I hoped he would finally provide solutions to the country's economic crisis....Published: 03 Oct 2024 at 10:45hrs | 791 | by Tendai Ruben Mbofana
SA-based lawyer wants proper ESG framework in Zimbabwe
South Africa-based lawyer and researcher Edwell Maposa has highlighted that the absence of a proper framework has significantly undermined the implementation of the Environment, Social, and Governance...Published: 03 Oct 2024 at 08:49hrs | 113 | 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
7 big global companies dump South Africa
Many large global companies, including Shell, HSBC, PNB Paribas, Rolex, AngloGold Ashanti, TotalEnergies, and BP's Aviation Fuel Business, are dumping South Africa.Last week, HSBC announced th...Published: 02 Oct 2024 at 12:35hrs | 1192 | by Staff reporter
Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 621 | 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
Exposing economic saboteurs threatening Zimbabwe's future
THE introduction of the Zimbabwe Gold Currency (ZiG) symbolised a shift toward economic sovereignty, self-reliance and stability. Yet, instead of celebrating this monumental effort, some individuals w...Published: 02 Oct 2024 at 07:49hrs | 248 | by Innocent Mujeri
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
Anti-Chinese investors Maguwu releases a damning report
The relationship between Chinese-owned extractive companies and local communities in Zimbabwe has deteriorated, marked by growing mistrust, suspicion, and a series of reported abuses. A recent report ...Published: 30 Sep 2024 at 07:55hrs | 911 | by Staff reporter
Zimbabwe's government: The biggest threat to its own currency
The Reserve Bank of Zimbabwe's (RBZ) recent decision to devalue the Zimbabwean Gold (ZiG) by 50% has left the nation reeling. Overnight, the currency's value plummeted from 14 to 23.4 against ...Published: 29 Sep 2024 at 15:25hrs | 3363 | by Tendai Ruben Mbofana
Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44604 | by Staff reporter
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