POLITICS

Mnangagwa takes campaign to Gokwe

President Mnangagwa is expected to tour the Cotton Company of Zimbabwe depot at Gokwe Centre today as he pursues his economic recovery vision, and then to address Zanu-PF supporters as part of his ele...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

Mnangagwa keen to reward talent, hard work

President Mnangagwa says his administration will reward talent and innovation in its drive to transform Zimbabwe into a middle-income economy by 2030 following the launch yesterday of Empower Bank. Th...

By Staff reporter | Published: 06 July 2018

POLITICS

Zimbabwe army warns Chamisa

The military is fretting over a potential electoral strategic alliance between former president Robert Mugabe and the adventurous opposition MDC Alliance leader Nelson Chamisa whom it has warned could...

By Staff reporter | Published: 06 July 2018

POLITICS

Grace Mugabe booted out of Mazowe Dam

FORMER first lady Grace Mugabe's unbridled ambition to build a vast business empire in the scenic Mazowe area of Mashonaland Central province has suffered a major setback after the government reposses...

By Staff reporter | Published: 06 July 2018

POLITICS

Chinamasa pay rise headache

The Zimbabwean government says it is worried about treasury's widening budget deficit after it raised civil servants salaries but is hoping improvement in economic performance will help the country ge...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

Govt borrowing surges 60% to $6,2 billion

ZIMBABWE'S domestic credit grew 38,5% on an annual basis to $10,5 billion in February largely driven by an increase in lending to government, a Treasury report says.During the period under review, cre...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

Zimbabwe faces shortage of engineers

Zimbabwe has only 1 500 civil, mechanical, architectural and scientific engineers out of about 6 000 accredited professionals in the field. This emerged during the Zimbabwe Infrastructure Development ...

By Staff reporter | Published: 06 July 2018

POLITICS

Magistrate scolds Mthwakazi over traditional headgear

BULAWAYO magistrate, Adelaide Mbeure was Thursday called to reprimand some Mthwakazi Republic Party (MRP) officials and their supporters who turned up in court dressed in their traditional headgear.Th...

By Staff reporter | Published: 06 July 2018

POLITICS

Do not trust army, says pro-democracy group

Crisis in Zimbabwe Coalition (CiZC) has warned Zimbabweans against investing their trust on the military which on Wednesday vowed to remain impartial ahead of the country's general elections July 30.(...

By Staff reporter | Published: 06 July 2018

POLITICS

ZBC demands $1,5m to air MDC adverts

ASPIRING MDC Alliance MP for Mbizo, Settlement Chikwinya has rebuked the Zimbabwe Broadcasting Corporation (ZBC) for allegedly demanding prohibitive advertising fees from the opposition.The opposition...

By Staff reporter | Published: 06 July 2018

OPINION

EcoCash crash shows the vulnerabilities of going cashless

Although mobile money has become the leading transaction platform in Zimbabwe, its weaknesses came into focus this week after the dominant EcoCash network in Zimbabwe went down for two days, and left ...

By Tawanda Karombo | Published: 05 July 2018

BUSINESS NEWS

Chivayo engages Mnangagwa

Controversial businessman Wicknell Chivayo says he could have completed the 100 megawatt (MW) Gwanda solar project in eight months had it not been for the Zimbabwe Power Company (ZPC) board's intransi...

By Staff reporter | Published: 05 July 2018

POLITICS

'Zanu-PF returns to violence'

Zanu-PF has launched a terror campaign in Manicaland with cases of violence being recorded in Nyanga with fearsome intimidation and threats for a repeat of the 2008 violent clampdown of opposition sym...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

'No Zimdollar return'

The Reserve Bank of Zimbabwe (RBZ) has refuted claims circulating on social media about the reintroduction of the banished local unit.Social media sites such as WhatsApp, Facebook and Twitter were awa...

By Staff reporter | Published: 05 July 2018

POLITICS

Mnangagwa's security to be drastically tightened

President Emmerson Mnangagwa's close protection will be drastically tightened following a botched "attempted assassination" of the head of State at a rally in Bulawayo, the Zimbabwe Defence Forces has...

By Staff reporter | Published: 05 July 2018

POLITICS

ConCourt outlaws attachment of state property

State property remains immune from attachment and execution following a ruling by the Constitutional Court with the consent of involved parties.The bench led by Deputy Chief Justice Elizabeth Gwaunza ...

By Staff reporter | Published: 05 July 2018

OPINION

Impact of illicit financial flows on socio economic development

While the "Zimbabwe is open for business" mantra is good in attracting foreign investors the government of Zimbabwe need to step up efforts to curtail illicit financial flows (IFFs) by enforcing anti ...

By Davison Kaiyo | Published: 05 July 2018

Chamisa threatens to pull out of election

One of Zimbabwe's opposition leaders has threatened to boycott this month's general election after claiming that ballot papers have been rigged to favour President Emmerson Mnangagwa.Nelson Chamisa, o...

By Financial Times | Published: 05 July 2018

BUSINESS NEWS

ZAMCO to dispose debt assumption-linked equity

THE Zimbabwe Asset Management Company (ZAMCO) - a Reserve Bank of Zimbabwe debt assumption vehicle - has said it will not hold equity for long periods in companies it assumed shareholding through deb...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Zimbabwe needs fiscal devaluation measures

ZIMBABWE needs to come up with fiscal devaluation measures if it is to ratify the African Continent Free Trade Area (AfCFTA) and operate competitively under the agreement, experts have warned.Fiscal d...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

60% of Zimbabwe's taxpayers in default

The Zimbabwe Revenue Authority (ZIMRA) has been hit by low tax compliance levels as 60 percent of registered taxpayers are not remitting their dues, a senior official said.ZIMRA commissioner-general F...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Zimbabwe cash crisis 'killing business'

THE uncertainty around regional budget airline Fastjet's future partly due to unremitted cash from its Zimbabwean operations  has added credence to the view that Harare's currency problems "are k...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Mnangagwa open to domestic capital

PRESIDENT Emmerson Mnangagwa says his government is committed to attracting and promoting domestic capital the same way it is promoting foreign direct investment. This was after several economic exper...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Zinara makes bizarre appointment

THE Zimbabwe National Roads Administration (Zinara) has bizarrely appointed its company secretary Mathlene Mujokoro as acting chief executive officer following the suspension of Nancy Masiyiwa.Masiyiw...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Makuti-Chirundu highway deal to create 250 jobs

A DEAL signed by Zimbabwe and Japan last week to improve steep gradients on the Makuti-Chirundu section of the north-south corridor will create 250 jobs, according to a statement by the Ministry of Fi...

By Staff reporter | Published: 05 July 2018

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