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ZIMBABWE

Govt vows to close forex loopholes

Government will continue to monitor the architecture of the country's financial system to close all loopholes that unscrupulous dealers could use to manipulate the exchange rate, Finance and Economic ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Matebeleland region to receive normal rainfall

MATEBELELAND region will experience normal to below normal rainfall in the first and second period of the rainy season, the Meteorological Department said yesterday.Climate change has resulted in weat...

By Staff reporter | Published: 27 September 2019

POLITICS

MDC Midlands frets over partisan food distribution

MDC Midlands province has raised the red flag over alleged politicisation of food aid in parts of Gokwe district where villagers are facing drought-induced hunger.Government, in conjunction with some ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zambian arrested for smuggling emeralds

A 33-year-old man from Lusaka, Zambia, has appeared at the Zvishavane Magistrates' Court for smuggling emeralds from Mberengwa.Harrison Kazhoka of Kaunda Square, Lusaka, is facing charges of illegal p...

By Staff reporter | Published: 27 September 2019

TRANSPORT & TOURISM

Cable fault disrupts train movement

A FAULTY electricity cable that supplies power to the National Railways of Zimbabwe signals grid has disrupted local and regional train movement between South Africa and Zimbabwe through Beitbridge.So...

By Staff reporter | Published: 27 September 2019

POLITICS

Anti-graft prosecutor calls for stiffer penalties

Presidential anti-corruption special prosecution unit head Tabani Mpofu has called for stiffer penalties on people convicted of graft in order to effectively deal with the scourge, which he said is co...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Govt tightens screws on bread prices

The government has tightened its monitoring mechanisms on subsidised bread-making flour to millers and bakers to avoid unjustified bread price increases.This comes after several reports of some "baker...

By Staff reporter | Published: 27 September 2019

POLITICS

Judge raps State over Magombeyi detention

Judge president Justice George Chiweshe yesterday dismissed the State's urgent chamber application to stop Zimbabwe Hospital Doctors' Association (ZHDA) leader Peter Magombeyi from leaving the country...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

DBSA CEO calls for reforms in Zimbabwe

DEVELOPMENT Bank of Southern Africa (DBSA) chief executive officer Patrick Dlamini says government can do much better on reforms, amid a planned visit to Zimbabwe to discuss potential funding for the ...

By Staff reporter | Published: 27 September 2019

POLITICS

Mwonzora in soup over anti-sanctions trip

INTERNAL strife is threatening the Nelson Chamisa-led MDC ahead of its 20th anniversary celebrations amid reports of sharp divisions emerging over the strategy the opposition party should employ to fa...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zimbabwe earns US$5bn through exports

ZIMBABWE'S foreign currency receipts are close to US$5 billion from January to date, which indicates that the country is generating sufficient forex to cater for its economic requirements, Industry an...

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

ZimCoke says ready for production

COKE making firm, ZimCoke Private Limited, says it is geared to commence production once it completes renovations on its ovens.  ZimCoke took over coke ovens within the defunct steel giant Zisco ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

'Zisco demise costing Zimbabwe US$400m annually'

ZIMBABWE is losing about US$400 million annually through importing steel and related products since the collapse of Zisco in the last decade, Industry and Commerce Minister, Mangaliso Ndlovu, has said...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zimpapers records 63% revenue increase

INCREASED investment towards tapping digital opportunities remains the anchor for the growth of Zimpapers (1980) Limited, the country's leading integrated media group, as it seeks to diversify operati...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Biti to recommend the prosecution of some top RBZ officials

PUBLIC Accounts Committee chair Tendai Biti says parliament will soon recommend the prosecution of some top Reserve Bank of Zimbabwe (RBZ) officials over the reckless issuance of treasury bills (TBs) ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Govt to float infrastructure bond for Harare

The Government will soon float an infrastructure bond to raise funds for water, sewer, roads and other equipment for the City of Harare, a Cabinet minister said yesterday. The Harare City Council is s...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

RBZ dismisses 'new' coins

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday expressed concern over the rising cases of "fake news" which have the capacity to undermine Government efforts to transform the econo...

By Staff reporter | Published: 27 September 2019

TRANSPORT & TOURISM

Zimbabwe takes tourism commemorations to Matobo

Zimbabwe will today celebrate the World Tourism Day at Matobo National Park.The day is set aside to raise awareness of the socio-economic benefits that are derived globally through travel and tourism ...

By Staff reporter | Published: 27 September 2019

INDUSTRIALS & ENERGY

CSC ceases operations

STRUGGLING beef processor, Cold Storage Commission (CSC) has temporarily ceased operations and is sending workers on forced leave to allegedly allow for "retooling and refurbishments".Southern Eye has...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zimbabwe has the highest inflation rate in the world

Annual inflation in Zimbabwe was 300 percent in August, according to new data released by the International Monetary Fund (IMF). At that level, the troubled southern African nation's inflation rate is...

By Staff reporter | Published: 27 September 2019

POLITICS

USA big guns move to punish Mnangagwa's wife for Zimbabwe chaos

AN INFLUENTIAL 15-member American group that includes three former ambassadors to Zimbabwe wants First Lady Auxillia Mnangagwa, pictured, stripped of an award that was given to her by a top United Sta...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

West tightens screws on Zimbabwe

IN AN ominous development for both President Emmerson Mnangagwa and his government, a reputable United States university has stripped First Lady Auxillia Mnangagwa, pictured, of an award it had given ...

By Staff reporter | Published: 27 September 2019

INDUSTRIALS & ENERGY

ZPC sued for disrupting business

THE Zimbabwe Power Company (ZPC) has been sued for Z$2,6 million for disrupting electricity connections at a Mazowe farm, resulting in losses.Kukohwa Kurima (Pvt) Ltd (Kukohwa Kurima) has cited ZPC in...

By Staff reporter | Published: 27 September 2019

POLITICS

Grace Mugabe humiliates Mnangagwa

IN YET another dramatic turn of events to hit the funeral arrangements of former president Robert Mugabe, his family has changed its mind and will now bury him in Zvimba this weekend - and not in a sp...

By Staff reporter | Published: 27 September 2019

ZIMBABWE

Falgold suspension lifted as ZSE gains 8%

The ZSE's bullish run continued with an 8% rise, with three counters triggering the 20% circuit breaker mark. The session yielded 25 risers and zero fallers as small trades pushed strong gains in sele...

By Staff reporter | Published: 24 September 2019
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