OPINION

The Chamisa effect and hope for a new Zimbabwe

NELSON Chamisa, the unopposed president of the opposition MDC, recently announced the members of his national executive committee. The appointments are not surprising - in many respects, they are a cu...

By Obert Hodzi | Published: 16 hours ago

SOCCER

Zimbabwe in make-or break battle

PREDICTABLY, there has been some toxicity, which is part of our game's DNA, regrettably there has been a tsunami of negativity, which is part of its tortured soul and, refreshingly, there has been a r...

By Staff reporter | Published: 16 hours ago

BUSINESS NEWS

Zimbabwean exporters to continue getting US$

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says the new monetary regulations as announced through Statutory Instrument (SI) 142 of 2019 will have no effect on payment modalities to expor...

By Staff reporter | Published: 16 hours ago

ECONOMC INDICATORS

Zimbabwe official inflation figures disputed

RENOWNED United States economist and currency expert Steve Hanke has disputed the latest official inflation figures released by government this week.Hanke, who had previously volunteered to advice Pre...

By Staff reporter | Published: 20 June 2019

BUSINESS NEWS

'Zimbabwe vulnerable to SA economic shocks'

BUSINESS lobbyists ZimTrade have warned South African dominance of Zimbabwe's international trade deals makes it vulnerable to any shocks its economy might experience.ZimTrade senior official Tatenda ...

By Staff reporter | Published: 20 June 2019

BUSINESS NEWS

Zimbabwe health workers divided over strike

HEALTH workers are divided over the Health Service Board (HSB)'s appeal to give government a chance for negotiations before embarking on a strike that will leave many patients stranded.HSB chairperson...

By Staff reporter | Published: 20 June 2019

FINANCIAL SERVICES

Paynet escalates row with Zimbabwe banks

PAYNET Zimbabwe (Paynet), a salary payment software vendor, has offered companies a free service to wire salaries to their employees using EcoCash until August 1 2019, escalating a simmering row with ...

By Staff reporter | Published: 20 June 2019

INDUSTRIALS & ENERGY

Pepsi Zimbabwe increases production by 200%

PEPSI Zimbabwe, the local unit of Varun Beverages, says production capacity at its manufacturing and bottling plant in Harare has increased by 200% due to huge demand of its product, local and abroad....

By Staff reporter | Published: 20 June 2019

BUSINESS NEWS

Zimbabwe Investment Development Bill softens up on foreign investors

THE Zimbabwe Investment Development Bill (Zida), currently in its second reading stage in the National Assembly, will soften up on foreign investors and treat them in the same way that Zimbabwean inve...

By Staff reporter | Published: 20 June 2019

OPINION

Zimbabwe's endless currency circus and cycle

When it comes to currency management in Zimbabwe there is always déjà vu which is a result of repeated fallible prescriptions. It's a circus where the actors enjoy their never-ending play with the a...

By Ngonidzaishe Makaha and Adrian Mapiye | Published: 14 June 2019

BUSINESS NEWS

Pension payouts delayed as foreign company cuts off Zimbabwe banks

PENSIONERS might have to wait a bit longer before they receive their monthly pay outs, which were due yesterday, the National Social Security Authority (NSSA), said yesterday. It said the delay was ca...

By Staff reporter | Published: 14 June 2019

POLITICS

Civil society activists on Zimbabwe military watch list

THE Zimbabwe National Army's Military Intelligence (MI) unit has placed on its watchlist several civil society activists it claims are conniving with United States to unseat President Emmerson Mnangag...

By Staff reporter | Published: 14 June 2019

ECONOMC INDICATORS

'Zimbabwe inflation to shoot up to 280% by year-end'

INFLATION could end the year around 280% and may rise to stratospheric levels thereafter if a new currency is introduced without preceding macro-economic fundamentals, a local research firm has said.Y...

By Staff reporter | Published: 14 June 2019

FINANCIAL SERVICES

Paynet switches off Zimbabwe banks

PAYNET, a subsidiary of Mauritian financial services provider Payserv Africa, has suspended all local financial institutions from its transacting platform after they refused to pay in foreign currency...

By Staff reporter | Published: 14 June 2019

OPINION

Zimbabwe in austerity-induced recession

"OUTPUT in Zimbabwe is expected to contract in 2019 with a sharp rise in inflation reducing real incomes and foreign exchange shortages constraining activity," the World Bank reports in its Global Eco...

By Tinashe Kaduwo | Published: 14 June 2019

TRANSPORT & TOURISM

Zimbabwe's air traffic control system outdated, risky

ZIMBABWE'S outdated air traffic control system is putting lives of passengers in danger as it exposes planes to possible collisions, aviation experts have said.The archaic system also exposes the coun...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

New currency unlikely to perform miracles for Zimbabwe

GOVERNMENT'S plans to unveil a new currency by year-end without addressing macro-economic fundamentals could be catastrophic, while the proposed local unit risks suffering the same fate as the defunct...

By Staff reporter | Published: 14 June 2019

OPINION

Can Zimbabwe develop into knowledge economy?

This week I was engaged in an interesting debate with fellow economists, on how Zimbabwe's economy can enter the 21st century. For a country whose future economic revival, I have suggested in my past ...

By Clive Mphambela | Published: 14 June 2019

TRANSPORT & TOURISM

Air Zimbabwe demands outstanding TBs to purchase an Embraer aircraft

Air Zimbabwe has engaged the Treasury and the Reserve Bank of Zimbabwe for the release of outstanding Treasury Bills (TBs) amounting to US$4 million for the purchase of an Embraer aircraft. Government...

By Staff reporter | Published: 14 June 2019

MINING & RETAIL

Mercury ban poser for Zimbabwe gold mines

Zimbabwe is racing against time to find effective and sustainable ways to eliminate the use of mercury, which is widely used by small miners in processing gold, in line with dictates of global treaty ...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

Zimbabwe industry feels the heat as sales drop

Prices of goods and services may have reached the plateau, amid indications volumes have started dipping significantly as consumers struggle with affordability, captains of industry and economic analy...

By Staff reporter | Published: 14 June 2019

TELECOMS & TECHNOLOGY

Epson to set up office in Zimbabwe

Swedish information communication technologies (ICTs) giant Epson Europe BV will set up office in Harare next week in response to President Mnangagwa's pro-investment reforms under the New Dispensatio...

By Staff reporter | Published: 13 June 2019

POLITICS

Zimbabwe police buy 4 000 AKs, sniper rifles

POLICE have acquired an assortment of weapons - including 3 343 AK-47 assault rifles and about 600 sniper rifles - as they prepare to quell looming street protests against President Emmerson Mnangagwa...

By Staff reporter | Published: 13 June 2019

ZIMBABWE

Zimbabwe imports drop 31%

Zimbabwe's imports for the first four months of the year to April 2019 dropped 31 percent to US$1,5 billion from US$2,2 billion registered in the same period last year, as the country's import bill co...

By Staff reporter | Published: 12 June 2019

TRANSPORT & TOURISM

Zimbabwe not pulling out of CITES

The minister of Tourism, Prisca Mupfumira, said Zimbabwe will not pull out of the Convention on International Trade in Endangered Species (CITES) so that the country may be able to sell large stocks o...

By Staff reporter | Published: 12 June 2019
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