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Ex-RBZ advisors under fire
THE Zimbabwe National Chamber of Commerce (ZNCC) has slammed the Reserve Bank of Zimbabwe (RBZ)'s "underachieving" outgoing monetary policy committee (MPC) saying it lacked depth and expertise to driv...Published: 20 hrs ago | 1320 | by Staff reporter
Mnangagwa's govt issues ZW$750m fresh guarantees
GOVERNMENT has undertaken to guarantee public and private financial institutions including the Infrastructural Development Bank of Zimbabwe (IDBZ) for debts accrued through the floatation of a series ...Published: 20 hrs ago | 351 | by Staff reporter
Challenged world is alert and from challenge comes change
As we celebrate the 2021 International Women's Day (IWD) under the theme #ChooseToChallenge, and focus on inclusion and diversity, we reflect on the representation of women in the banking industry....Published: 20 hrs ago | 66 | by Sibongile Moyo
Corrupt firms banned from the forex auction
GOVERNMENT has suspended 12 companies allegedly involved in transfer pricing from the foreign exchange auction system on suspicion they channel part of the funds from the auction to the parallel marke...Published: 20 hrs ago | 896 | by Staff reporter
Bank queues a Covid-19 time bomb
BANKS are not adhering to World Health Organisation (WHO) standards and national Covid-19 guidelines as evidenced by their failure to control clients to ensure social distancing. Social distan...Published: 04 Mar 2021 at 06:21hrs | 251 | by Staff reporter
Quicker route to wealth for black Africans
AFRICANS are currently receiving education that orients them towards employment rather than real wealth creation.Most value chains for our daily consumables as black people in Africa are contr...Published: 02 Mar 2021 at 06:44hrs | 1006 | by Dumisani Nduku
Cain Mathema addresses successive zero pass rate issue
PRIMARY and Secondary Education Minister Cain Mathema has said the country needs to redefine the "zero pass rate" as it is not reflective of candidates' capabilities. The Minister made the rem...Published: 02 Mar 2021 at 06:39hrs | 833 | by Staff reporter
Gold panners diverting water from Bulawayo water supply dam
GOLD panners in Umzingwane district in Matabeleland South have been accused of diverting water from Umzingwane Dam catchment areas to their illegal mining activities.Umzingwane dam is one of t...Published: 02 Mar 2021 at 06:36hrs | 393 | by Staff reporter
Zanu-PF, land baron mend fences
SUSPECTED land baron Wellington Peyama, who has been accused of fanning divisions in the ruling Zanu-PF party, has claimed that he has resolved his differences with the party leadership in Mashonaland...Published: 01 Mar 2021 at 05:07hrs | 1827 | by Staff reporter
Youths urged to venture into mining
UMZINGWANE legislator Levi Mayihlome has urged youths in the district to venture into gold mining instead of crying foul when outsiders seize opportunities.The district is rich in gold deposit...Published: 01 Mar 2021 at 05:03hrs | 397 | by Staff reporter
Zimbabwean agriculture recovery in motion
ZIMBABWE is an agrarian economy and has huge potential to produce enough for its people and surplus that can be exported to generate foreign currency. However, there is a puzzling divergence between i...Published: 28 Feb 2021 at 10:43hrs | 474 | by Dr John Basera
Mnangagwa's fresh headache
Cash-strapped government is struggling to raise US$1.75bn to compensate former commercial white farmers who lost their farms under the land reform programme amid revelations a bid to raise funding fro...Published: 25 Feb 2021 at 16:20hrs | 6668 | by Staff reporter
Liquidity squeeze hits Zimbabwe
Zimbabwe's central bank is in the market mopping up excess liquidity using savings bonds as a deliberate action to regulate the quantity of money in circulation in addition to dealing with an exacerba...Published: 25 Feb 2021 at 16:19hrs | 1709 | by Staff reporter
3 banks to extend credit facilities to farmers
THE agriculture commodities exchange - the Zimbabwe Mercantile Exchange (ZMX) - to be introduced soon, has courted three banks willing to extend credit to farmers as more progress is made towards the ...Published: 25 Feb 2021 at 06:24hrs | 1697 | by Staff reporter
RBZ resolves auction payment glitches
The Reserve Bank of Zimbabwe (RBZ) says it has resolved the delayed settlement of foreign currency auction payments that occurred at the end of last year, as the authorities continue to refine the sys...Published: 24 Feb 2021 at 05:44hrs | 421 | by Staff reporter
Zinwa should also check on levels of siltation in dams
NUMEROUS media channels have recently been inundated with stories on the national average dam levels breaching the 88 percent mark, which generated lots of excitement among farmers intending to produc...Published: 23 Feb 2021 at 06:41hrs | 200 | by Obert Chifamba
Cowardice is when you pounce on the weak and shout Courage!
For abusing his office Mohadi must be condemned for his deeds. I refuse to hear tribalists talking about Mohadi resigning from office because of the last week's scandals that were caught on media. Why...Published: 22 Feb 2021 at 12:44hrs | 2568 | by Nomazulu Thata
Top banker Jinya makes grand return
IT is an appointment that many least expected. But ex-Nedbank managing director (MD) Charity Jinya made a surprise return to the country's banking industry on Saturday after Finance minister Mthuli Nc...Published: 21 Feb 2021 at 21:43hrs | 1757 | by Staff reporter
Zimbabwean banks strike forex auction settlement deal
ZIMBABWE's banking system has agreed to settle funds allocated at the foreign currency auction system within two weeks, central bank governor John Mangudya has said.Introduced in June 2020 to ...Published: 21 Feb 2021 at 07:06hrs | 1254 | by Staff reporter
Mnangagwa launches Zanu-PF electronic membership cards
ZANU-PF First Secretary President Mnangagwa will tomorrow launch the ruling party's electronic membership card in Kwekwe under a pilot project which will see the revolutionary party distributing more ...Published: 21 Feb 2021 at 07:00hrs | 360 | by Staff reporter
African 'Dead Aid' will stop within 5 years: Part Two
In part one I concentrated on Dr. Dambisa's "Dead Aid" book she passionately wrote in 2009 highlighting the need for Africa to shift its focus away from foreign Aid and instead, seeking solutions that...Published: 19 Feb 2021 at 10:12hrs | 878 | by Nomazulu Thata
RBZ projects inflation fall
THE Reserve Bank of Zimbabwe (RBZ) yesterday forecast annual inflation to plummet to less than 10% this year, driven by a good agricultural season, fiscal and financial sector stability.Zimbab...Published: 19 Feb 2021 at 07:16hrs | 382 | by Staff reporter
Zimra system disruptions affect business
THE Zimbabwe Revenue Authority (Zimra) could have lost millions of dollars in the past two months following glitches in its information technology system which threatened to cripple financial transact...Published: 19 Feb 2021 at 07:15hrs | 310 | by Staff reporter
RBZ probes shady tycoons and firms
THE Financial Intelligence Unit (FIU) - an arm of the Reserve Bank of Zimbabwe (RBZ) - has opened a fresh investigation into firms and individuals who are using shelf companies to siphon money from th...Published: 19 Feb 2021 at 07:03hrs | 1207 | by Staff reporter
RBZ raises key interest rate to 40%
Zimbabwe's central bank increased the benchmark interest rate to 40% from 35%, following its neighbours Zambia and Mozambique who also raised borrowing costs at their most recent rate decisions. ...Published: 18 Feb 2021 at 18:13hrs | 1366 | by Staff reporter
Govt rescues duped UDCORP beneficiaries
THE government has pledged to assist Urban Development Corporation (Udcorp) beneficiaries that paid for residential stands four years ago in Chitungwiza that were not delivered.The stands in q...Published: 15 Feb 2021 at 08:01hrs | 643 | by Staff reporter
Ground-breaking deal for Beitbridge border
South African lenders including Standard Bank Group and FirstRand have provided $130 million of loans for an upgrade of the Beitbridge border post.The financing for the Beitbridge border betwe...Published: 14 Feb 2021 at 12:29hrs | 1026 | by Staff reporter
July Moyo sued over floods
TWO Chitungwiza residents have taken Local Government minister July Moyo and the local authority to court over the poor drainage system in the town, which is causing flooding. Several houses i...Published: 14 Feb 2021 at 09:48hrs | 420 | by Staff reporter
Funding deal struck for Beitbridge border revamp
A US$300 million deal has been struck for the redevelopment of the Beitbridge Border Post, with a consortium of South African banks availing funds for a project that is expected to not only provide a ...Published: 14 Feb 2021 at 09:41hrs | 131 | by Staff reporter
Mugabe's business empire, The death of a dynasty
BARELY five years after the demise of Zimbabwe's former ruler Robert Mugabe, the vast wealth he owned and accumulated throughout the 37 years of his reign is disappearing.A great dynasty appea...Published: 14 Feb 2021 at 09:39hrs | 1283 | by Africa Report
Police Commissioner General Godwin Matanga a hero in the making
The Police Commissioner General Mr GodwinMatanga is a gentle giant but brutally effective. The United Kingdom of Britain imposed sanctions on three security chiefs plus a minister of state sec...Published: 13 Feb 2021 at 09:38hrs | 3532 | by Dr Masimba Mavaza
Zanu-PF disowns housing co-operatives
THE ruling Zanu-PF party yesterday said it was supportive of government and Harare City Council's proposed demolition of illegal structures, including those under co-operatives led by party members....Published: 12 Feb 2021 at 15:50hrs | 414 | by Staff reporter
Fear grips farmers
Fear has gripped local farmers following the government's ultimatum giving them up to the end of next week to submit production return forms with many believing it is a ploy by authorities to remove t...Published: 12 Feb 2021 at 05:41hrs | 1721 | by Staff reporter
Help in cleaning up urban settlements - Zanu-PF
ZANU-PF has urged all its structures to cooperate with the Government team set-up to bring normalcy to urban settlements that had become feeding troughs for land barons and some councillors. T...Published: 12 Feb 2021 at 05:35hrs | 151 | by Staff reporter
'Forex enough to stabilise rate'
The exchange rate of the Zimbabwean dollar against the US dollar will continue to hold steady on the weekly auction market because the country is earning enough forex to support critical imports, the ...Published: 12 Feb 2021 at 05:34hrs | 374 | by Staff reporter
Are we heading for disaster? - An Open conversation
This article is an open conversation that touches the many issues that have brought our country to where it is today. It is not an article of opposition but a call to introspection. It is a call for u...Published: 10 Feb 2021 at 12:19hrs | 1049 | by Liverson Mdongo wa Habe
Mnangagwa, Chiwenga-linked cartels take over public firms, mines, fuel sector - report
HIGHLY secretive cartels linked to President Emmerson Mnangagwa and Vice President Constantino Chiwenga are reported to have taken over the operations of key state-owned companies, including private f...Published: 10 Feb 2021 at 07:33hrs | 8104 | by Staff reporter
Fuel, mines and banks the Tagwirei method
TAGWIREI has built up his wealth in large part through a long-standing partnership with major commodities trader Trafigura, which has been trying to distance its operations from him as he faces intern...Published: 10 Feb 2021 at 06:23hrs | 2155 | by Staff reporter
Tagwirei tightens hold on Zim gold
AFTER buying more mines and banks, the mogul could become the country's top gold buyer. Business kingpin Kudakwashe Tagwirei, under United States sanctions since August, aims to expand his commanding ...Published: 10 Feb 2021 at 05:48hrs | 1308 | by Staff reporter
Energy Mavaza reveals what is beneath the African sun
The upcoming Great Zimbabwean young writer Energy Mavaza is set to release his second poetry oozing thought-filled book titled Beneath the African Sun. online. The book will be out this co...Published: 09 Feb 2021 at 17:12hrs | 594 | by Dr Masimba Mavaza
Flash floods hit police base
A police assistant inspector and a constable spent Monday night marooned after Munyati River burst its banks upstream resulting in a nearby Musena Police Base they were manning being hit by floods. ...Published: 04 Feb 2021 at 05:57hrs | 1921 | by Staff reporter
'Zimbabwe likely to lose wetlands by 2040'
AT least 61% of wetlands in Zimbabwe are moderately degraded and the country is likely to lose its entire natural water reservoirs by 2040 if efforts to conserve them are not strengthened, Environment...Published: 03 Feb 2021 at 06:16hrs | 310 | by Staff reporter
Floods alert as rivers rise
TSHOLOTSHO District is on high alert for floods as water levels in the Gwayi and Khami rivers are rising at an alarming speed. With the Meteorological Services Department predicting more rains...Published: 03 Feb 2021 at 06:13hrs | 878 | by Staff reporter
Zimbabwe is back to cattle country status
LIVESTOCK, especially cattle, play a critical role in the sustenance of most rural communities and commercial farmers in Zimbabwe and across Africa. Traditionally a symbol of wealth and a way ...Published: 03 Feb 2021 at 06:12hrs | 1116 | by Staff reporter
Mnangagwa's UK re-engagement bid comes apart
ZIMBABWE'S attempts to restore normal relations with Western powers could be in jeopardy after British prime minister Boris Johnson's administration slapped sanctions on four top government officials....Published: 02 Feb 2021 at 18:21hrs | 2653 | by Staff reporter
Duo swept away in bid to get R800 reward
THE police Sub Aqua Unit has called off a search for two men who were swept away in a flooded Umzingwane River in an attempt to save a drowning cow for an R800 reward on Saturday.The police wi...Published: 02 Feb 2021 at 18:19hrs | 1399 | by Staff reporter
Police officers marooned
A police assistant inspector and a constable spent the whole last night marooned after Munyati River burst its banks upstream resulting in a nearby Musena Police Base they were manning being hit by fl...Published: 02 Feb 2021 at 18:12hrs | 1181 | by Staff reporter
Zanu-PF must not politic amid disaster
WHILE touring houses affected by flash floods in Chitungwiza last week, Local Government minister July Moyo said government was in the process of scouting for alternative land to resettle people who b...Published: 02 Feb 2021 at 06:32hrs | 923 | by Mutiusinazita
UK targets Mnangagwa's security men
Britain on Monday announced its first set of designations of individuals under its Zimbabwe sanctions regime since leaving the European Union.State security minister Owen Ncube, police chief G...Published: 01 Feb 2021 at 19:06hrs | 1606 | by Staff reporter
Govt to act on Chitungwiza flooding, says July Moyo
LOCAL Government minister July Moyo, and National Housing minister Daniel Garwe on Saturday toured areas affected by floods in Chitungwiza after heavy rains pounded the area the day before.Gui...Published: 01 Feb 2021 at 05:40hrs | 1856 | by Staff reporter
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