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When the president officially commissions companies, then Zimbabwe is still far from developing!
So, President Emmerson Dambudzo Mnangagwa is still making national news headlines for officially commissioning new companies. In fact, his latest stunt was not even commissioning a new company...Published: 4 hrs ago | 82 | by Tendai Ruben Mbofana
Zimbabwe's very own Emperor Nero is burning down povo's hovels to build palatial villas for filthy rich few
"The closer the collapse of the empire, the crazier its laws" Marcus Tullius Cicero. Well we in Zimbabwe are witness this first hand. Zanu PF introduced the new local currency insisting ...Published: 4 hrs ago | 96 | by Wilbert Mukori
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 9 hrs ago | 83 | by Dr Bekithemba Mpofu
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 12 hrs ago | 414 | by Staff reporter
No holy cows in Zimbabwe's forex violations blitz
Zimbabwe's Financial Intelligence Unit (FIU) and the police delivered a firm message yesterday, emphasizing that in the nationwide crackdown on individuals and entities breaching the Exchange Control ...Published: 12 hrs ago | 333 | by Staff reporter
ZiG fails to break Zimbabwe's cash crunch
Informal traders at Harare's Mbare market, a bustling center of commerce generating millions of US dollars weekly, have revealed their ongoing struggle with a cash shortage, hitting women vendors the ...Published: 12 hrs ago | 196 | by Staff reporter
Delta takes Zimra to court
Zimbabwe's largest beverages producer recently announced its opposition to a US$54.8 million tax claim, labeling it as unjust enrichment for the Zimbabwe Revenue Authority (Zimra). Delta Corporation, ...Published: 12 hrs ago | 131 | by Staff reporter
Zimbabwe spends US$40m on importing spaghetti
Zimbabwe's annual importation of approximately US$40 million worth of macaroni and spaghetti, primarily from Egypt, reflects the nation's sluggish industrialization progress. Despite pasta not being a...Published: 13 hrs ago | 119 | by Staff reporter
'Zimbabweans will stampede for ZiG by June'
Reserve Bank of Zimbabwe (RBZ) Governor, Dr. John Mushayavanhu has highlighted the impending surge in demand for the Zimbabwean dollar (ZiG) anticipated to occur by June. This surge is expecte...Published: 13 hrs ago | 1838 | by Staff reporter
Mudenda tells Zimbabwe MPs to 'respect taxpayers' money'
Parliament Speaker Jacob Mudenda has delivered a stern admonition to legislators who fail to attend to the business of the August House, cautioning them to "honour taxpayers' money."Mudenda's ...Published: 14 hrs ago | 69 | by Staff reporter
London firm targets bulk-mining in Zimbabwe
Kavango Resources, a metal exploration company listed on the London Stock Exchange, is focusing on consolidating bulk-mining efforts to boost gold production in Zimbabwe, according to a report by News...Published: 14 hrs ago | 107 | by Staff reporter
Econet launches mobile phone insurance
Econet Insurance, a leader in innovative short-term insurance solutions, has launched a new package covering mobile phone damage. Named Moovah Mobile Phone Insurance, the package was developed in resp...Published: 14 hrs ago | 45 | by Staff reporter
Mnangagwa says Zimbabweans must not be shy to make money
Zimbabweans should not hesitate to make money, as the government has created a conducive environment for economic success, President Emmerson Mnangagwa stated.Speaking at the commissioning of ...Published: 14 hrs ago | 82 | by Staff reporter
It never rains but, it pours for Zimbabwe's economy
For over ten years, Zimbabwe has struggled with its currency. Since 2008, this is the nation's sixth attempt to introduce a new one, the ZiG.Zimbabwe's central bank introduced the Zimb...Published: 14 hrs ago | 62 | by Dickson Chikwizo
Zimbabweans being sold expired, underweight goods
Over a thousand businesses have been charged with selling expired and underweight goods, among other offenses, according to the Industry and Commerce Ministry.Most of the semi-formal shops wer...Published: 14 hrs ago | 52 | by Staff reporter
Zimbabwean has highest migrants in southern Africa
Zimbabwe has been identified as the largest source of migrants residing in southern Africa, according to the International Organisation for Migration (IOM). This was announced during an official event...Published: 14 hrs ago | 67 | by Staff reporter
Kamativi lithium processing plant almost complete
KAMATIVI Mining Company (KMC) plans to finish construction on its lithium processing plant in June this year as it seeks to increase production capacity to about 2,3 million tonnes of ore annually, an...Published: 14 hrs ago | 40 | by Staff reporter
FIU sufficiently resourced to fight ZiG saboteurs
The Financial Intelligence Unit (FIU), a division of the Reserve Bank of Zimbabwe (RBZ), is well-equipped with skilled personnel and advanced hardware to tackle financial crimes. Recent recruitment ef...Published: 14 hrs ago | 16 | by Staff reporter
Xenophobia brewing in KwaZulu-Natal as foreigners given May 20 deadline
The town of Ulundi in northern KwaZulu-Natal is on edge following a directive from an anonymous business forum demanding all foreign spaza shop owners cease trading by Sunday, May 19.The omino...Published: 17 May 2024 at 19:56hrs | 1112 | by Mandla Ndlovu
Zimbabwe sends high level delagation to Brazil to address food insecurity
Zimbabwe has dispatched a prominent business delegation to Sao Paulo, Brazil, in a proactive move to strengthen trade partnerships and address food insecurity concerns. This strategic mission, organiz...Published: 17 May 2024 at 14:22hrs | 445 | by Mandla Ndlovu
Shopping Shock: Over a third of customers scammed on popular shopping sites across Europe and beyond
While price comparison sites are a popular tool for finding deals and secure retailers, a new study reveals a disturbing truth: online shopping might not be as safe as we think. According to the ...Published: 17 May 2024 at 12:14hrs | 82 | by Staff Reporter
Zimbabwe's Justice Minister part of drug cartels
In a clear sign for miscarriage of justice and security institutions porosity, Minister of Justice, Legal and Parliamentary Affairs, Ziyambi Ziyambi has been fingered by one of his close associates, L...Published: 17 May 2024 at 11:42hrs | 6646 | by Gideon Madzikatidze
CIOs go after illegal money changers 'running down ZiG'
The ruling party Zanu-PF has issued a strong warning to black market traders, accusing them of undermining the newly introduced gold-backed currency, ZiG.Christopher Mutsvangwa, Zanu-PF's secr...Published: 16 Apr 2024 at 19:16hrs | 855 | by Staff reporter
Wicknell is bumping with the big boys
HE dropped out of school just before he turned 15 and went straight into employment as a wages clerk for a bus company, when, around 1997, he could barely read or write— let alone manage company rec...Published: 16 Apr 2024 at 19:15hrs | 853 | by Staff reporter
RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | 144 | by Kenneth Mufuka
Mteki approaches Mukanya over Chivayo lavish offer
African roots musician and sculptor-cum-businessman Bryn Taurai Mteki has approached Chimurenga musician Thomas "Mukanya" Mapfumo to reconsider businessman Wicknell Chivayo's pledge.Last month...Published: 16 Apr 2024 at 17:57hrs | 594 | by Staff reporter
Stop Zanu-PF extortionists, villagers plead
VILLAGERS in some parts of the country have appealed to the Zanu-PF leadership to rein in their local party leaders who are reportedly fleecing them of cash under the guise of raising funds for indepe...Published: 16 Apr 2024 at 08:44hrs | 736 | by Staff reporter
RBZ governor to unpack MPS in Bulawayo
The Zimbabwe Independent, in partnership with the Reserve Bank of Zimbabwe (RBZ), will tomorrow host an event in Bulawayo to unpack the 2024 Monetary Policy Statement (MPS).Other partners incl...Published: 16 Apr 2024 at 07:58hrs | 749 | by Staff reporter
Stiffer penalties for small livestock thieves
GOVERNMENT will consider imposing stiffer penalties for those who steal small livestock like chickens and goats and will soon table an amendment to the law to Parliament.According to Parliamen...Published: 16 Apr 2024 at 07:51hrs | 135 | by Staff reporter
Renowned Nust lecturer dies
RENOWNED researcher and National University of Science and Technology (Nust) lecturer who also chaired the Institute of Development Studies (IDS) executive board, Dr Lerato Nare has died. He w...Published: 16 Apr 2024 at 07:50hrs | 636 | by Staff reporter
Reward for businessman's lost firearm
Police in Harare are offering a reward to anyone with information that might assist in the recovery of a businessman's firearm that was lost in Highlands sometime last month.The black pistol, ...Published: 16 Apr 2024 at 07:50hrs | 141 | by Staff reporter
Green bomber enrolment begins
The enrolment of 750 cadres for the National Youth Service in Zimbabwe has started countrywide, with President Mnangagwa expected to officiate at the relaunch of the programme next month.Cabin...Published: 16 Apr 2024 at 07:49hrs | 120 | by Staff reporter
Zimbabwe businessman found dead in SA
THE body of a Zimbabwean businessman, Evans Katumba, who was abducted in Durban last month with the kidnappers demanding a ransom of R2,5 million, has been found by police in KwaZulu Natal, South Afri...Published: 16 Apr 2024 at 07:49hrs | 878 | by Staff reporter
El Niño drives Zimbabwean millers to seek Brazilian corn
Zimbabwe is considering importing corn from Brazil for the first time since 2014 as the El Niño weather pattern withers crops in the country and its neighbours.The dry spell triggered by the ...Published: 16 Apr 2024 at 07:47hrs | 44 | by Staff reporter
Tensions rise at Ministry of Environment and Climate over alleged power struggle in Zimbabwe's carbon credits market
In a stunning development at the Ministry of Environment and Climate in Zimbabwe, daggers are being drawn over the lucrative carbon credits market, with billions at stake over the vast forests in the ...Published: 15 Apr 2024 at 17:08hrs | 1989 | by Mandla Ndlovu
Bulawayo Business Network Launches Campaign to Promote ZiG Currency in Zimbabwe
In a significant stride towards economic empowerment and financial sustainability, Bulawayo Business Network (BBN) has officially launched a campaign aimed at promoting the newly introduced Zimbabwe G...Published: 15 Apr 2024 at 17:00hrs | 448 | by Mandla Ndlovu
Mnangagwa's wife booed, women arrested
NINE women from Watsomba in Manicaland province have landed in soup after they allegedly booed the First Lady Auxillia Mnangagwa for allegedly sidelining them during a donation of foodstuffs and cloth...Published: 15 Apr 2024 at 06:04hrs | 2469 | by Staff reporter
Ministry of SMEs holds the key to Zimbabwe's Growth
The Monetary Policy statement and other documents indicate that Micro, Small, and Medium Enterprises (MSMEs) contribute a significant 60% to Zimbabwe's gross domestic product (GDP). This news highligh...Published: 13 Apr 2024 at 17:37hrs | 307 | by Mandla Ndlovu
Zimbabwe central bank governor gets a rude awakening
BUSINESS executives yesterday gave Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu a rude awakening after a snap survey which showed that they were not ready to support the new currency....Published: 12 Apr 2024 at 09:49hrs | 4521 | by Staff reporter
'Bond notes, Zimdollar had no backing'
BOND notes and the Zimdollar (ZWL$) did not have any backing during their tenure, the central bank has said, raising questions on the facilities that were bandied to be supporting the local currency....Published: 12 Apr 2024 at 09:49hrs | 1061 | by Staff reporter
'Increase in sugar prices unwarranted'
THE Confederation of Zimbabwe Retailers (CZR) has expressed concern over speculative pricing of sugar on the local market.In a statement yesterday, CZR president Denford Mutashu said the recen...Published: 12 Apr 2024 at 09:49hrs | 675 | by Staff reporter
'Zimbabwe needs genuine investors'
DUBAI-based businesswoman Edith Chibhamu says there is little evidence that Zimbabweans are benefiting from the "so-called foreign investment".Chibhamu said authorities must consider engaging ...Published: 12 Apr 2024 at 09:48hrs | 222 | by Staff reporter
Zimbabweans told to approach banks for ZiG, USD
The Reserve Bank of Zimbabwe has enough reserves to satisfy the foreign currency requirements of all legitimate businesses and no company needs to go to the black market to pay for imports, RBZ Govern...Published: 12 Apr 2024 at 09:47hrs | 437 | by Staff reporter
GMAZ endorses ZiG currency...boosts market sentiment
The Grain Millers Association of Zimbabwe (GMAZ) has become the first business organization to fully embrace and support the newly launched ZiG (Zimbabwe Gold) currency. This development has instilled...Published: 11 Apr 2024 at 12:04hrs | 2162 | by Mandla Ndlovu
US economist mocks Zimbabwe's new currency
United States economist Steve Hanke has derided Zimbabwe's latest currency introduction, the ZiG, asserting that the country's monetary policies resemble a merry-go-round. The ZiG, purportedly backed ...Published: 11 Apr 2024 at 08:50hrs | 3723 | by Staff reporter
Gwanda begins consultations on master plan
The Gwanda Municipality has started consultations on the town's proposed master plan with mayor Thulani Moyo describing the engagement with residents as positive.Moyo said the due date for sub...Published: 11 Apr 2024 at 08:46hrs | 400 | by Staff reporter
'ZiG difficult to accept in US$-dominated market'
RESPECTED businessman and economist Nigel Chanakira says acceptance of the new currency, Zimbabwe Gold (ZiG), will be difficult given that the majority still prefer the greenback.The Reserve B...Published: 11 Apr 2024 at 08:45hrs | 624 | by Staff reporter
Mthuli Ncube summoned over ZiG
FINANCE minister Mthuli Ncube has been summoned to Parliament to explain how the Zimbabwe Gold (ZiG) currency introduced on Friday will work.Legislators also want Ncube to amend the Finance Ac...Published: 11 Apr 2024 at 08:45hrs | 1774 | by Staff reporter
Harare to install cameras at intersections
THE City of Harare will install cameras in the central business district to deal with traffic offenders, and those who violate city by-laws.Harare mayor Jacob Mafume said this while commission...Published: 11 Apr 2024 at 08:44hrs | 413 | by Staff reporter
'Mushayavanhu must assert himself as independent'
Businessman and economist, Nigel Chanakira, says the new Reserve Bank of Zimbabwe governor John Mushayavanhu must assert himself as an independent central banker to stabilise the local currency....Published: 11 Apr 2024 at 08:43hrs | 297 | by Staff reporter
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