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Diaspora remittances down 12,5 percent to US$704 million in year to November
This year’s remittances were anticipated to be in excess of US$900 million. CUMULATIVE diaspora remittances have decreased by 12,5 percent to US$704 million as at November 25 2016 compared to US$842...
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Zimbabwe economy down to 0,6 percent: Worst show since 2009
Finance Minister Patrick Chinamasa and the Reserve Bank of Zimbabwe governor, John MangudyaTHE Zimbabwean economy has remained under stress throughout the year due to low production across all sectors,...
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Army police to pounce on people wearing camouflage
Army police to pounce on people wearing camouflageTHE Zimbabwe National Army (ZNA) has warned that all those caught wearing military regalia, especially camouflage replicas, face arrest.In a statement...
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Zimbabwe Power Company misses output target
Kariba dam can carry up to 65 billion cubic metres of water. THE Zimbabwe Power Company (ZPC) says power output in the 11 months to November 2016 is 7,03 percent below target with a total 6282GWh...
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ZSE last quarter surge lifts equities, but challenges remain
Total turnover decreased by 15,18 percent from US$228,62 million in 2015 to US$193,91 million in 2016, its lowest since 2009 when Zimbabwe dollarised.By Simba ZishiriTHE Zimbabwe Stock Exchange (ZSE)...
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CBZ suspends local use of Visa cards
CBZ Holdings has suspended the use of Visa cards for local transactions.ZIMBABWE’S biggest banking group CBZ Holdings has suspended the use of Visa cards for local transactions due to high costs and...
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Where to place your investment bets in 2017
Investors seem to have lost appetite for the the money market, the short-term nature of the investments.By Simbarashe ZishiriACCORDING to the central bank governor John Mangudya, the bond notes will...
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World Bank projects 3,8 percent GDP growth rate for Zimbabwe in 2017
The World Bank headquarters.THE World Bank has projected a 3,8 percent economic growth rate for Zimbabwe in 2017, a figure 1,8 percentage points lower than June projections but more optimistic than the...
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2017: Year of the rooster
President Robert MugabeBy Njabulo Ncube IN a recent Facebook post, a ZANU-PF politician had this to say on his timeline: “2017 is the year of the rooster (cock); what a coincidence”.He was making...
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Zimbabwe-SA special permit holders edgy
President Robert Mugabe and South Africa’s president Jacob Zuma BULAWAYO — Zimbabwe Special Permit (ZSP) holders are nervous about their future in South Africa as it remains unclear whether Pretoria...
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Zimbabwe runs out of fertiliser
ZCFU president, Wonder ChabikwaZIMBABWE has run out of top dressing fertiliser (ammonium nitrate) as manufacturers are failing to access adequate foreign currency to import the essential raw materials,...
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Bond notes hold ground
John MangudyaBOND notes, which were introduced by the Reserve Bank of Zimbabwe (RBZ) in November to fund export incentives meant to boost domestic production, have so far defied predictions of creating...
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Mugabe gives Mnangagwa thumbs up
Vice President Emmerson Mnangagwa…George Chiweshe tippped for chief JusticePRESIDENT Robert Mugabe has given Vice President Emmerson Mnangagwa the green light to expedite controversial amendments to...
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Government suspends data tariff increases
Minister of Information and Communication Technology (ICT), Postal and Courier Services, Supa Mandiwanzira…Econet reverses charges…Potraz hits out at MNOs for not taking ownership of proposal THE...
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Councils abusing ZINARA funds
Transport and Infrastructural Development Minister, Joram GumboMUTARE — Urban and rural councils are diverting funds disbursed by the Zimbabwe National Roads Administration (ZINARA) for road...
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Top Mashonaland Holdings executives suspended
Mashonaland Holdings chief executive officer , Manfred Mahari,LISTED property investment and development concern, Mashonaland Holdings Limited (Mashold), has suspended two top executives after an audit...
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Foreign currency shortages worsen
Confederation of Zimbabwe Industries president, Busisa Moyo…Industry sends out SOSAN implosion is simmering in a number of critical industries on the back of a worsening payments gridlock in the...
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Zimbabwe needs to accelerate structural reforms to solve liquidity shortages:...
The IMF has cautioned on the sustainability of the bond notes.ZIMBABWE’S liquidity shortage is due to an unfinanced external position that reflects an expansionary policy and un-competitiveness and...
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Zimbabwe industry agrees to pay directly for power imports
Confederation of Zimbabwe Industries President Busisa MoyoA GROUP of Zimbabwe’s biggest companies struck a deal with the state-owned power utility allowing them to pay suppliers in advance for power...
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Companies defy odds, reopen
Confederation of Zimbabwe Industries president, Busisa MoyoZIMBABWE’S distressed companies defied odds to re-open after the annual shutdown last year, despite fears many would fail to resume operations...
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