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IMF projects 6% growth for Zimbabwe
THE International Monetary Fund (IMF) has predicted that Zimbabwe's economy will grow by 6% this year, but warned that uncertainty remains high and the outlook will depend on the Covid-19 pandemic's e...Published: 18 Jun 2021 at 13:07hrs | 486 | by Staff reporter
Has the Zimbabwe dollar really stabilised against the US unit?
There is a strong debate among economic analysts pertaining to whether the Zimbabwean dollar (ZW$) has stabilised against the American dollar (US$) or not. There is a section which believes that the l...Published: 18 Jun 2021 at 13:00hrs | 704 | by Respect Gwenzi
Mnangagwa challenges mining sector
President Emmerson Mnangagwa has challenged the mining industry to rise above the Covid-19 woes and focus on attaining the ambitious US$12 billion target by 2023.Addressing delegates during th...Published: 18 Jun 2021 at 12:59hrs | 232 | by Staff reporter
IMF rules out Zimbabwe bailout
Fund International Monetary Fund (IMF) on Wednesday said it would not move an inch from its position that Zimbabwe did not qualify for financial bailouts even after clearing its debts to the global le...Published: 18 Jun 2021 at 07:24hrs | 1208 | by Staff reporter
Gold mine hits 300kg mark in one month
MINING giant, Freda Rebecca Gold Mine has set a new record after it produced 300 kilogrammes of gold in May this year, a figure which was last recorded 20 years ago.Freda Rebecca Gold Mine is ...Published: 17 Jun 2021 at 06:13hrs | 1409 | by Staff reporter
Rise in Kariba Dam levels to boost power generation
WATER levels at Kariba Dam have risen by 1,94 metres to 482,82m, further consolidating Zimbabwe's potential to generate more electricity at Kariba Power Station, the country's biggest hydro-power plan...Published: 15 Jun 2021 at 06:13hrs | 404 | by Staff reporter
Millers close, offload staff as imports rise
ZIMBABWE'S milling industry has hit turbulent times, amid revelations that some companies have suspended operations after a flood of cheap imported mealie-meal pushed them to the brink, it has been re...Published: 13 Jun 2021 at 07:25hrs | 809 | by Staff reporter
Mobile money platforms propel digital economy higher
Zimbabwe has been ranked high in the digital economy given its widespread use of mobile money platforms, online banking and international activity, according to a World Bank commissioned Digital Econo...Published: 09 Jun 2021 at 07:11hrs | 117 | by Staff reporter
Holiday lessons at schools banned
Holiday lessons at schools banned Information Publicity and Broadcasting Services Minister Senator Monica Mutsvangwa addresses a post-Cabinet media briefing in Harare yesterday while Chief Secretary t...Published: 09 Jun 2021 at 07:09hrs | 226 | by Staff reporter
Mineral output forecast to jump 11%
Mining companies expect an 11 percent growth output in the second half this year, after seeing production fall across key minerals in the first quarter, the Chamber of Mines of Zimbabwe (CoMZ) has sai...Published: 08 Jun 2021 at 06:30hrs | 30 | by Staff reporter
Zimbabwe records $9,8bn budget surplus
ZIMBABWE recorded a budget surplus amounting to $9,8 billion in the first quarter of 2021 on the back of continued fiscal consolidation measures and sustained macro-economic stability, Finance and Eco...Published: 08 Jun 2021 at 06:29hrs | 212 | by Staff reporter
Mnangagwa warns that US$12bn plan under threat
PRESIDENT Emmerson Mnangagwa on Friday said time was running out for the mining sector, which has undertaken to ramp up output and increase annual forex revenues to US$12 billion.The industry ...Published: 07 Jun 2021 at 06:05hrs | 1829 | by Staff reporter
Zimbabwe's biggest diamond miner sees output rising 30% in 2021
THE biggest diamond miner in Zimbabwe said it will be able to increase production of rough gems by about 30% to 3 million carats this year thanks to improved mining methods.Zimbabwe Consolidat...Published: 06 Jun 2021 at 18:15hrs | 301 | by Staff reporter
Invictus pushes for million-hectare oilfield
AUSTRALIA Stock Exchange-listed oil and gas explorer, Invictus Energy yesterday requested government to expand its exploration claims in Muzarabani by 10 times, marking another phase in the firm's hun...Published: 04 Jun 2021 at 07:14hrs | 909 | by Staff reporter
Mthuli Ncube declares $9.8 billion budget surplus in 3 months
FINANCE Minister, Mthuli Ncube, Thursday claimed Zimbabwe had recorded a whopping $9.8 billion budget surplus during the first quarter of 2021.Zimbabwe is currently grappling to meet adequate ...Published: 04 Jun 2021 at 06:58hrs | 457 | by Staff reporter
Short term risks for Zim economy
The Zimbabwean economy is expected to register modest growth this year after 2 years of successive decline when currency changes, high inflation, extreme weather conditions and COVID-19 downturn wreck...Published: 03 Jun 2021 at 20:26hrs | 692 | by Victor Bhoroma
Cooking oil shortage looms
Zimbabwe should brace for a shortage in cooking oil following a 60% increase in crude oil prices in the international markets to US$1650 per tonne and the failure by oil expressers to get the bulk of ...Published: 03 Jun 2021 at 08:35hrs | 2281 | by Staff reporter
Zimbabwe gold receipts plunge 35%
Zimbabwe's gold export receipts have plunged 35% to US$78.4m in May from US$120m achieved in the prior comparative period as the yellow metal deliveries to the country's sole buyer and marketer, Fidel...Published: 03 Jun 2021 at 08:34hrs | 540 | by Staff reporter
Civil servants should remain patient, says PSC
THE Public Service Commission (PSC) says civil servants should be patient and understand efforts being made to improve their livelihoods and working conditions as Government strives to balance between...Published: 02 Jun 2021 at 07:10hrs | 1001 | by Staff reporter
Chinese mining giant starts coking coal production in Zimbabwe
Zimbabwe's ambitious value addition got a boost yesterday after Dinson Colliery Company had its successful first production of coking coal at its Hwange plant.The company, which is a subsidiar...Published: 02 Jun 2021 at 07:03hrs | 315 | by Staff reporter
Zimbabwe's gold output declines by 29%, says Chamber of mines
THE Zimbabwe Chamber of Mines (ZCM) has attributed the decline in gold output in 2020 and the first quarter of this year to the havoc caused by the Covid-19 pandemic among other constraints.Gi...Published: 01 Jun 2021 at 08:00hrs | 86 | by Staff reporter
Hwange Thermal Expansion project 62% complete
THE Hwange Thermal Power Station expansion programme closed the first quarter at 62,54 percent against a planned progress of 85,9 percent as the project was affected by interim payment certificates an...Published: 31 May 2021 at 18:53hrs | 243 | by Staff reporter
Gold smuggling syndicates exposed
A new report has illustrated the depth of the gold smuggling scourge in Zimbabwe, estimating that over 70% of the country's output has found its way into backstage international markets.Titled...Published: 30 May 2021 at 08:45hrs | 694 | by Staff reporter
Mnangagwa drives Buy Zimbabwe campaign
PRESIDENT Emmerson Mnangagwa was awarded the Buy Zimbabwe Champion of the Decade Award for utmost dedication to the cause of promoting the production and consumption of local products at the organisat...Published: 30 May 2021 at 08:42hrs | 89 | by Staff reporter
Zimbabwe gets backing in anti-sanctions war
ZIMBABWE scored big in its quest to have the punitive and illegal economic sanctions imposed by the West two decades ago removed after the United States' House of Representatives Committee admitted th...Published: 29 May 2021 at 08:09hrs | 563 | by Staff reporter
Second phase Pfumvudza/Intwasa launch
GOVERNMENT will tomorrow launch the second phase of the successful Pfumvudza/Intwasa programme to increase household and national food security through farm mechanisation.Having gone through o...Published: 27 May 2021 at 18:27hrs | 467 | by Staa reporter
Zanu-PF official defies Chiwenga
Zanu-PF Chiredzi district coordinating committee chairperson Siyaki Munhungei last Monday ordered the acting district development coordinator, Gift Machukele, to ignore a recent instruction by Vice-Pr...Published: 26 May 2021 at 16:21hrs | 3398 | by Staff reporter
5 major hospitals without chief executives
ZIMBABWE'S five major hospitals are still without substantive chief executive officers (CEOs) more than a year after they were fired, while most departments in the Health and Child Care ministry are b...Published: 25 May 2021 at 07:20hrs | 797 | by Staff reporter
SA e-car manufacturer heads for Zimbabwe
SOUTH AFRICAN electric vehicle (EV) producer, Agilitee, says it is set to set up a plant in Zimbabwe following a surge in demand after its demonstration unit was unveiled in Harare late last year....Published: 25 May 2021 at 07:17hrs | 1347 | by Staff reporter
Zimbabwe predicts 7.5% economic growth
ZIMBABWEAN Finance Minister Mthuli Ncube believes the effects of the coronavirus pandemic are "behind us" and the nation has better economic prospects following the roll-out of a vaccination program....Published: 19 May 2021 at 18:30hrs | 467 | by Staff reporter
Government suspends maize imports
ZIMBABWE will this year save over US$300 million following the move by Government to suspend maize imports on the back of a bumper harvest the country has achieved this year. Due to successive...Published: 18 May 2021 at 06:43hrs | 346 | by Staff reporter
FAO: Agriculture will make or break Africa's free trade
Transforming agri-food systems can unlock Africa's potential.The African Continental Free Trade Area (AfCFTA) holds the potential to lift millions of people out of poverty and end chronic food...Published: 16 May 2021 at 07:36hrs | 152 | by Abebe Haile-Gabriel
Millers mobilise $20bn for maize procurement
Senior Business Reporter THE Grain Millers Association of Zimbabwe (GMAZ) has mobilised $20 billion under a pre-payment arrangement with Government to bankroll maize procurement by the Grain Marketing...Published: 14 May 2021 at 08:37hrs | 843 | by Staff Reporter
Global giant fires Hwange furnaces
CHINESE global investor, Tsingshan Holding Group, has started construction of its second 150 000-tonne coke battery in Hwange, Matabeleland North Province, following completion last month of the first...Published: 13 May 2021 at 06:41hrs | 321 | by Staff reporter
Boost local production to save forex, says Mnangagwa
The local manufacturing sector should take advantage of several initiatives by Government to reduce import dependency and boost local production to save the much needed foreign currency, President Mna...Published: 08 May 2021 at 07:59hrs | 65 | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | 1121 | by Victor Bhoroma
Zimbabwe oil project takes shape
ZIMBABWE'S ambitions to produce oil and gas along the Zambezi basin in Muzarabani is taking shape with Australian Stock Exchange (ASE)-listed firm Invictus Energy set to commence a seismic programme i...Published: 07 May 2021 at 06:33hrs | 1092 | by Staff reporter
Zimbabwe's energy import debt shoots to US$97m
ZESA's debt to Hidroelectrica de Cahora Bassa (HCB) rose to US$97 million last year, up from just over US$45 million in 2019, the Mozambican power supplier HCB says.Zimbabwe was the second lar...Published: 06 May 2021 at 05:46hrs | 729 | by Staff reporter
Workers have kept us going, says Mnangagwa
THE nascent economic rebound being witnessed in Zimbabwe, characterised by increasing industrial capacity utilisation and a stable macro-economic environment, is a product of the country's dedicated a...Published: 02 May 2021 at 07:55hrs | 298 | by Staff Reporter
Night shifts to clear passport backlog
Government has introduced night shifts for round-the-clock production of passports to clear a backlog that has resulted in people having to sleep at registry offices. It has also emerged that there ar...Published: 30 Apr 2021 at 06:38hrs | 864 | by Staff reporter
Minister asked to pay a US$30 bribe to jump passport office queue
Home Affairs and Cultural Heritage Minister Kazembe Kazembe yesterday experienced the corruption at the Makombe passport office after he was asked to pay a US$30 bribe to jump the queue. ...Published: 30 Apr 2021 at 06:35hrs | 1655 | by Staff reporter
9 000 passports to be produced per day
The Ministry of Home Affairs and Cultural Heritage says it has put in place measures to clear a backlog in passport processing dating back to March 2019.In response to the Portfolio Committee ...Published: 29 Apr 2021 at 16:19hrs | 2817 | by Staff Reporter
Zimbabwe's maize harvest to hit 20-year high
Zimbabwe is expected to harvest 2,7 million tonnes of maize during the 2020/21 summer cropping season, the highest yield in 20 years, the Second Round Crop and Livestock Assessment report shows. ...Published: 29 Apr 2021 at 06:15hrs | 526 | by Staff writer
Huge boost for construction sector
The construction industry in Zimbabwe will be revolutionised following the commissioning by President Mnangagwa yesterday of Lafarge Cement Zimbabwe's dry mortar mix plant, dramatically expanding the ...Published: 29 Apr 2021 at 06:15hrs | 227 | by Staff writer
How blockchain is transforming Zimbabwe's economy
Zimbabwe is perhaps the first example that comes to anyone's mind when they think of failed states or economies. The country has been regularly making global headlines for the wrong reasons, with its ...Published: 28 Apr 2021 at 18:33hrs | 2766 | by Staff writer
Zimbabwe maintains 7.4% growth target
Zimbabwe's Treasury is sticking to its economic growth estimate of 7.4%, even after the nation's president said the projection would have to be lowered.The forecast is achievable after the cou...Published: 20 Apr 2021 at 18:00hrs | 339 | by Staff reporter
US rubbishes Mnangagwa's Polad?
THE United States has renewed its demands for President Emmerson Mnangagwa to implement wide-ranging reforms and initiate inclusive dialogue to resolve the country's debilitating socioeconomic and pol...Published: 20 Apr 2021 at 07:24hrs | 2974 | by Staff reporter
Unresolved economic issues for 2021
The Zimbabwean economy has experienced a period of relative stability since October 2020, even though multiple reforms have to be implemented to attain sustained economic growth. To a larger extent th...Published: 19 Apr 2021 at 09:05hrs | 655 | by Victor Bhoroma
Chiwenga reverses corrupt sugarcane plot allocation
SENIOR Zanu-PF officials, their relatives and security agents who were corruptly allocated sugarcane plots in Chiredzi by minister of State for Masvingo Ezra Chadzamira were last weekend ordered to su...Published: 17 Apr 2021 at 16:23hrs | 1642 | by Staff reporter
Land tenure reform to transform Zimbabwe rapidly
Two historical notes confirm the importance of land tenure and secure property rights. In the world today, only 18% of all agricultural land is privately-owned under freehold title. Yet this small are...Published: 16 Apr 2021 at 07:58hrs | 1127 | by Eddie cross
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