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Reserve Bank of Zimbabwe battles cash storm
Bond notes would drive the greenback out of circulationLAST week, soon after the Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, unveiled a raft of measures to deal with an accelerating cash...
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Morgan Tsvangirai faces rebellion
Movement for Democratic Change (MDC-T) leader Morgan TsvangiraiOPPOSITION Movement for Democratic Change (MDC-T) leader Morgan Tsvangirai faces prospects of a messy internal revolt after members of his...
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Zimbabwe heading for shortages
Empty shelves in a supermarket in Harare, on 09 October 2008THE worsening liquidity crunch is plunging the country into an economic gridlock which could set off an unprecedented post-dollarisation...
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Commission to run Harare as Kasukuwere moves to dissolve municipality
Local Government, Public Works and National Housing Minister Saviour KasukuwereTHE Movement for Democratic Change (MDC-T) dominated Harare City Council (HCC) will be dissolved in the coming weeks to...
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Cash crisis: The government’s hidden hand
The central bank’s own schedule showed the growth of its TB securities held by commercial banks from $325,7 million in January last year to $1,126 billion in February this year.ZIMBABWE’S cash crisis...
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April inflation rate at -1,64 percent – Zimstat
RBZ Governor John Mangudya and Finance Minister Patrick ChinamasaZIMBABWE’S annual inflation for the month of April stood at -1,64 percent, after gaining 0,66 percentage points on the March rate of...
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Zim gold output up 21percent in Q1 as power supplies improve
Chamber of Mines chief executive officer, Isaac KwesuZIMBABWE recorded a 21 percent increase in gold production to five tonnes in the first quarter of the year after power supplies improved, figures...
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Saviour Kasukuwere sees light
Local Government, Public Works and National Housing Minister Saviour KasukuwereTHE Minister of Local Government, Saviour Kasukuwere, has gazetted a Bill that seeks to align with the Constitution the...
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President Mugabe takes charge of march
President Robert MugabePRESIDENT Robert Mugabe is understood to have directed the ZANU-PF main wing to take over the organisation of the Youth League’s “million man” march, set to take place next week...
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Munesushe Munodawafa appeals to President Mugabe
Permanent secretary in the Ministry of Transport and Infrastructure Development, Munesushe MunodawafaGUTU — In indigenous black folklore, kneeling before someone is an act of either reverence or fear....
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400 000 people run out of food
Currently, 72 percent of the population live below the national poverty line (living on less than US$1,25 per day). ZIMBABWE’S food security situation is set to worsen as it emerged this week that the...
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Bankers blacklisted
Patterson Timba of ReNaissanceGOVERNMENT has blacklisted bankers whose institutions collapsed due to delinquency, effectively sealing the fate of former highfliers accused of precipitating the demise...
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Is Zimbabwe broke or broken?
Reserve Bank of Zimbabwe governor, John MangudyaZIMBABWE’S economic crisis is worsening, and government is beginning to feel the pinch as much as the governed. The State, now the bellwether of the...
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Zimbabwe has exported US$2 million worth of chrome since November 2015
Deputy Minister for Ministry of Mining and Mining Development Fred MoyoVICTORIA FALLS– Zimbabwe has exported 28 840 tonnes of chrome valued at US$2 million since lifting the ban on the exportation of...
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RBZ open investigations into Zimbabweans named in the Panama papers
“We have 280 Zimbabweans on the Panama Papers which the Reserve Bank investigating”.ZIMBABWE’S central bank said on Friday it had opened investigations into about 280 locals named in the Panama Papers,...
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Zimbabwe’s GDP to grow by 1,6 percent in 2016 – AfDB
According to the African Economic Outlook, Zimbabwe’s real per capita GDP for 2016 will be -0,4 percent and will rebound to 0,8 percent in 2017.ZIMBABWE’S economy will grow by 1.6 percent in 2016 but...
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Million Man March in pictures
PRESIDENT Robert Mugabe and first lady Grace greet supporters of ZANU PF party during the ‘Million Man March’ on Wednesday. Several thousand Zimbabweans joined the march in support of President...
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NGOs adopt starving villagers
According to USAID, more than 300 000 people who are in greatest need of food aid from the two provinces will benefit under ENSURE until March next year.A FLEET of all terrain four-wheel drive vehicles...
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Mugabe makes bold statement
ZANU-PF supporters march during the million man march on Africa Day.PLACARDS were held aloft, and the city centre exploded as tens of thousands of supporters, young and old, took part in ZANU-PF’s...
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RBZ speaks of “blacklisted bankers”
ReNaissance Merchant Bank Patterson TimbaPURSUANT to the enactment of the Banking Amendment Act, 2015, the Reserve Bank of Zimbabwe (RBZ) this week said it will leave no stone unturned to ensure that...
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