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Econet, introduces airtime credit on EcoCash
Econet Wireless Chief Executive Officer Douglas MboweniECONET Wireless is introducing an airtime credit service via the EcoCash platform which will allow more than 5-million customers to borrow...
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Over 2 000 lose homes to banks
The High Court of ZimbabweMORE than 2000 Zimbabweans have had their houses auctioned by the Sheriff of the High Court of Zimbabwe as banks try to recover some of the over US$700 million they are owed...
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Major dams face collapse
Environment, Water and Climate Minister Oppah Muchinguri-KashiriTabitha Mutenga and Andrew Kunambura A HUMANITARIAN crisis is looming countrywide amid revelations that Zimbabwe’s major dams are in...
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Forty vie for Bulawayo town clerk post
Bulawayo mayor Martin MoyoBULAWAYO — Council has received over 40 applications for the vacant position of town clerk, which was advertised last month. City fathers are hopeful that the country’s second...
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Algeria bails out Zimbabwe
Finance Minister, Patrick ChinamasaZIMBABWE is to receive a US$900 million bailout from Algeria for arrears clearance, ahead of a crucial International Monetary Fund (IMF) board meeting on the country...
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Morgan Tsvangirai faces eviction
MDC-T leader Morgan TsvangiraiLOCAL Government Minister Saviour Kasukuwere has threatened to evict Movement for Democratic Change (MDC-T) leader Morgan Tsvangirai from a State mansion in Highlands,...
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Panic in government as Chinese loot Zim economy
President Robert Mugabe and his Chinese counterpart, Xi Jinping. File PicRELATIONS between Zimbabwe and China could sour after revelations nationals from the Asian country are mopping hard currency...
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Old rivalry rekindled as AirZim takes on fastjet on the Harare-Dar- es Salaam...
AirZim will be flying to the east African capital midday on Tuesdays and Saturdays, with return flights in the evenings.AIR Zimbabwe (AirZim) will introduce two weekly flights into the Tanzanian...
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Zimbabwe’s national parks authority to destock as drought ravages wildlife
In Zimbabwe, four million people are facing starvation.THE Parks and Wildlife Management Authority of Zimbabwe says it will reduce its stock of wildlife in the country to manageable levels after...
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MDC-T alleges malice in Harare audit
MDC-T secretary-general, Douglas MwonzoraThe Movement for Democratic Change (MDC-T) has said a proposed forensic audit of the Harare City Council (HCC) and its businesses ordered by the ZANU-PF...
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Saviour Kasukuwere guns for Bulawayo mayor
Local Government Minister Saviour KasukuwereBULAWAYO –Local Government Minister Saviour Kasukuwere has unleashed investigators to look into claims of impropriety in council in what is being seen as the...
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RBZ to introduce bond notes; to convert half of US dollar receipts to rand...
The notes to be backed by US$200 million Afreximbank Nostro-support facilityIN an effort to ease the current shortages on cash, the Reserve Bank of Zimbabwe will introduce bond notes, convert part of...
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Banks stop external US dollar payments
A total of US$1,8 billion was externalised in 2015, of which US$1,2 billion was siphoned by corporates and US$684 million by individuals, thus exporting liquidity. AS the liquidity crunch bites deeper...
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MDC-T takes on Saviour Kasukuwere
MDC-T leader, Morgan TsvangiraiTHE Movement for Democratic Change (MDC-T) is moving to forestall Local Government Minister Saviour Kasukuwere’s attempts to weaken its influence on the remaining urban...
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Bank charges rocket
Bankers Association of Zimbabwe (BAZ) president, Charity Jinya•Withdrawal costs up 570pcBANKS have taken advantage of the prevailing cash shortages by hiking their transaction costs by as much as 570...
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Zimbabwe turns to PTA, Belarus for credit to fund miners, new diamond firm
RBZ governor John MangudyaZIMBABWE is negotiating with the Preferential Trade Area (PTA) Bank and the Development Bank of Belarus for funding to capitalise the recently established Zimbabwe...
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Boost Africa targets 47 percent increase in tobacco deliveries
A tobacco farmer attending to his crop.TOBACCO processor Boost Africa says it expects a 47 percent increase in tobacco deliveries after increasing the number of farmers under its outgrower scheme by...
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ZETDC looks to add 30MW at Harare Power Station
Zimbabwe’s daily average generation is currently at 964MW according to ZPCThe Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says it will re-commission a new 30 megawatt turbine at...
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Public Service Commission officials suspended
Finance Minister Patrick ChinamasaSEVEN officials from government’s human resources arm, the Public Service Commission have been suspended from duty for allegedly engaging in corrupt activities.The...
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Mangudya faces troubled executives
RBZ governor, John MangudyaRESERVE Bank of Zimbabwe (RBZ) governor, John Mangudya, yesterday came face to face with business executives and entrepreneurs disturbed by plans to introduce bond notes in...
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