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Zimbabwe falling behind as WB forecasts negative F16 growth
Finance Minister Patrick Chinamasa and the Reserve Bank of Zimbabwe governor, John MangudyaPOLITICAL uncertainties would continue to exert a drag on economic growth in Burundi, the Comoros and...
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RBZ in crisis meeting with oil firms
Reserve Bank of Zimbabwe governor John MangudyaTHE Reserve Bank of Zimbabwe (RBZ) will next week hold a crisis meeting with petroleum companies, as it seeks to avert disaster after several fuel...
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Judges unhappy as well
Chief Justice Godfrey ChidyausikuIT looks like it is no longer teachers, nurses, policemen, diplomats and other low-level civil servants in Zimbabwe alone who are unhappy with their conditions of...
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Indian firm in PG Industries takeover
Dewei Investments is proposing to inject US$500 000 into the business.AN Indian firm has taken over the entire issued share capital of building materials producer and retailer, PG Industries, after...
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Import ban triggers price hikes, shortages
Industry and Trade Minister Mike BimhaTHE decision by government to ban a number of imported products has triggered price increases and moderate shortages of mostly basic commodities.Effected in June...
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G40 in tight corner
Higher and Tertiary Education Minister Jonathan Moyo ZANU-PF’S vicious factional fights have degenerated into an unprecedented crisis that now threatens to create fresh headaches for President Robert...
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World Bank’s macro poverty outlook for Zimbabwe: October 2016
The World Bank says in the absence of a strong adjustment program the economic situation is projected to continue to deteriorate.ZIMBABWE has been severely affected by a financial crisis and drought;...
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Cephas Msipa dies
Cephas MsipaFORMER Zanu PF politburo member Cephas Msipa has died.The former Midlands governor died this morning at West End Clinic where he had been admitted over a suspected chest infection.At the...
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RioZim thinks big on gold as it acquires Dalny Mine
RioZim is seeking to consolidate its current increase in gold production which has turned around on the re-opening of Cam and Motor Mine. RIOGOLD, a subsidiary of RioZim Limited has acquired the entire...
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Children needing welfare assistance increase – UNICEF
UNICEF deputy representative in Zimbabwe, Jane MuitaTHE United Nations Children’s Fund (UNICEF) say there was a sharp increase in the number of children needing welfare assistance this year compared to...
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‘Trust our intention’: Mnangagwa
Vice President Emmerson MnangagwaVICE President Emmerson Mnangagwa has said it was high time Zimbabweans started trusting government’s intention regarding the introduction of bond notes. This comes as...
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Zimbabwe corruption: When the abnormal becomes normal
Higher and Tertiary Education Minister, Jonathan Moyo“POLITICS is the gentle art of getting votes from the poor and campaign funds from the rich by promising to protect each from the other,” wrote...
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Webster Shamu humiliated in Norton
Former Politburo and Cabinet minister, Webster ShamuBy Tendai Makaripe IT never rains but pours for former Politburo and Cabinet minister, Webster Shamu, as his determined attempts to make a dramatic...
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Zimbabwe given two months notice
ZESA, said while power suppliers have stabilised, arrears were mounting.SOUTH Africa’s Eskom and Mozambique’s Hydro Cahora Bassa (HCB) have given Zimbabwe up to December to clear its arrears.Zimbabwe...
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More companies collapse
Minister of Industry Mike BimhaWITH the economic crisis showing no signs of abating, more and more companies are twisting in the wind, making it doubly difficult for the ruling ZANU-PF party to achieve...
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President Mugabe scouts for new planes
President Robert MugabeTHE country’s beleaguered airline, Air Zimbabwe (AirZim), is scouting for modern passenger aircraft and has initiated negotiations for the lease of Boeing 787 Dreamliner planes...
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Temba Mliswa wins Norton by-election
Temba Mliswa is the new member of parliament for Norton…Saviour Kasukuwere concedes defeatINDEPENDENT candidate Temba Mliswa has overcome the odds to win the Norton by-election with 8 927 votes,...
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World’s best-performing stocks are in crisis-hit Zimbabwe
Foreign activity on the stock exchange has been on the decline for the better part of this year. By Paul Wallace and Godfrey MarawanyikaZIMBABWE’S US$3,3 billion stock market is up 22 percent this...
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Air Zimbabwe risks losing planes over debts – CEO
In 2011, Air Zimbabwe’s Boeing 737-500 was impounded in South Africa after failing to settle a US$500 000 debt.AIR Zimbabwe (AirZim)’s newly appointed chief executive officer says the airline needs to...
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Zimpost managing director leaves
Douglas Zimbango has left ZimpostDOUGLAS Zimbango, the country’s postal services utility managing director (MD), the Zimbabwe Post (Zimpost), has left after serving 10 years at the helm of the wholly...
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