US firm monitors Zimbabwe’s situation
THE United States development finance institution, Overseas Private Investment Corporation (OPIC), says it is closely monitoring Zimbabwe’s political situation ahead of the July 30 elections, while...
View ArticleFraudsters spark insurance fears
SPOOKED consumers are now afraid of buying insurance, as many have been fleeced by crooks presenting themselves as experts, but end up ill-advising them, the Insurance and Pensions Commission (IPEC)...
View ArticleGovernment borrowings reach $6,21 billion
GOVERNMENT borrowing surged by 61,1 percent to $6,21 billion in February this year compared to $3,9 billion in the 2017 prior period, raising fears that government’s over-reliance on local banks is...
View ArticleIndustry ‘demands’ domestic currency
ZIMBABWE’s distressed industries are renewing their push for the reintroduction of a domestic currency after this month’s national elections, as part of measures to arrest the country’s deepening...
View ArticleZESA crippled by meter tampering
THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says it will take legal action against consumers who tamper with its pre-paid meters system to avoid paying for power. ZETDC — a...
View ArticleZIMRA identifies 32 illegal entry points
THE Zimbabwe Revenue Authority (ZIMRA) says it is struggling to stem smuggling due to a rise in porous border points. ZIMRA compliance manager Robson Mukwena told a Confederation of Zimbabwe Industries...
View ArticleStop RBZ overdrafts, CZI tells government
THE Confederation of Zimbabwe Industries (CZI) says government should stop making overdrafts from the central bank as this fuels inflation and aggravates the country’s fiscal deficits. After an...
View ArticleInflation jumps to 2,91%
Zimbabwe’s year- on-year inflation rate for the month of June 2018 as measured by the all items Consumer Price Index (CPI) stood at 2,91 percent, gaining 0,20 percentage points on the May 2018 rate of...
View ArticleGerman firms eye ZSE listing
PRESIDENT Emmerson Mnangagwa says Zimbabwe is expecting German firms to list on the local bourse following a recent engagement visit by Treasury officials. Mnangagwa told delegates at the launch of...
View ArticleBond notes vanish
BOND notes continue to vanish from the formal market, with latest statistics indicating that only seven percent of the unique currency’s issued value was in circulation at the close of 2017. According...
View ArticleEdgy investors await election
“DEALS that take too long are never good ones,” United States president Donald Trump said while commenting on the long-dragging Brexit during his recent two-day visit to the United Kingdom. The candid...
View ArticleZPC in $20m legal services bill scandal
THE Zimbabwe Power Company (ZPC) is engulfed in a $20 million legal-payment row amid revelations that the Zesa Holdings subsidiary might have flouted procurement regulations by awarding such a hefty...
View ArticleRed flag over government pay hike
THE government’s decision to award civil servants unbudgeted-for pay hikes and special allowances on the eve of this month’s crunch national elections has been roundly condemned by experts as wholly...
View Article$5m gold, cash scandal suspects set free
THE $5 million gold and cash scandal, which rocked Zimbabwe about two weeks ago, is dead in the water amid indications that the five Indian suspects have been released along with their “loot”. While...
View ArticleNet foreign currency inflows surge
ZIMBABWE’S net foreign currency inflows surged over 1 700 percent to $192,4 million in the first quarter, buoyed by tobacco earnings, latest central bank data indicates. As Society for Worldwide...
View ArticleSamuel Undenge jailed for corruption
Former Zimbabwean cabinet minister Samuel Undenge, who served under ex-president Robert Mugabe was found guilty of corruption and sentenced to four years in jail, his lawyer said on Friday, just weeks...
View ArticleRBZ pumps $45m into banks
ZIMBABWE’S Reserve Bank has pumped nearly $45 million into the banking system to ease cash shortages and fight off parallel market rates. John Mangudya’s institution injected $20 million and another...
View ArticleRobert Mugabe ‘hindered FDI inflows’
FORMER president Robert Mugabe was a hindrance to foreign direct investment (FDI) inflows due to his bad policies and mismanagement of the economy, a senior government official has said. Monica...
View ArticleLand reform cost Zimbabwe $33bn
THE land reform programme has cost the country over $33 billion in export revenue due to failure to fully participate on the global markets, statistics have indicated. Zimbabwean agricultural economist...
View Article2 million Zimbabweans have no access to internet
MORE than two million Zimbabweans have no access to internet and mobile network connectivity, the industry’s regulator has said. Gift Machengete, the Postal and Telecommunications Regulatory Authority...
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