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Economy
Calendar
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April 04, 2016
Zimbabwe Intensifies Crackdown on Facebook, WhatsApp Messages 'Insulting' Mugabe
The Zimbabwe Lawyers for Human Rights, says it has represented over 150 people charged with insulting Mugabe since 2010, though many cases were dropped.
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April 02, 2016
Zimbabwe Economic Meltdown Worrying Botswana
With the economic slowdown in Zimbabwe showing no signs of abating, Botswana is fast showing signs of agitation.
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April 02, 2016
Companies Not Complying With Black Empowerment Law Get Temporary Reprieve
“… Should they fail to comply the minister would then notify third parties (stock exchanges) that intention of cancelling their licenses and proceed on to direct the licensing authority to cancel their licenses.”
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April 01, 2016
Zimbabwe's Threats to Shut Down Companies Haunting Business Executives
“I do not fully agree with the idea of closure of companies on April 1 2016. I would advise the Minister of Indigenisation Patrick Zhuwawo to use a different approach given the situation we are in … of high unemployment."
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March 31, 2016
Cash-Strapped Zimbabwe Issues Contradictory Statements on Civil Servants' Bonuses
The cash strapped government is again issuing conflicting statements on the payments of the long overdue bonuses owed to civil servants. The bonuses were due in November last year.
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March 30, 2016
Zimbabwe Tobacco Sales Kick Off Amid Discontent Over New Payment System
Some of the farmers told Studio 7 at the tobacco auction floors that the new payment system would inconvenience them as they usually want to buy agricultural inputs once they sell their crop.
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March 30, 2016
No Going Back On Indigenization: Exclusive Interview With Zimbabwe Empowerment Minister Zhuwao
The move by Harare to cancel licenses is likely to torpedo plans by the country to re-engage the Bretton Woods institutions, the IMF and the World Bank.
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March 29, 2016
Lucky Zimbabweans Take Part in U.S President's Last Easter Egg Roll
Some of the families who were at the event won the White House Easter egg roll lottery while others came under different tickets.
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March 29, 2016
Minister Vows to Shut Down Companies Not Complying With Zimbabwe Empowerment Law
Zhuwao said government will continue with its plans and said he has personally organized an indigenization clinic for those who have queries.
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March 29, 2016
Companies Attempt to Increase Solar Usage in Face of Power Shortages
While the government in its statutes says it will not charge customs duty on solar products in reality people are being charged.
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March 28, 2016
Mugabe Pleads for Japanese Investment in Official State Visit
“Zimbabwe doors are open to the Japanese investors and they should look forward to a mutually rewarding relationship with us.”
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March 23, 2016
Zimbabwe to Force Companies Failing to Comply With Indigenization Law to Shutdown
The cabinet decision made this decision on Wednesday, which was announced by Indigenization Minister Patrick Zhuwao.
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March 23, 2016
Environmentalist Says Water, Forests Key Economic Empowerment Tools
“Zimbabwe and South Africa used to be the leading countries in the construction of small dams. A lot of farmers used to irrigate their farms. That investment has since stopped in Zimbabwe … ”
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March 21, 2016
Zimbabwe Vendors Facing Forced Removal Vow to Stay Put
Samuel Wadzayi, director of the Vendors Initiative for Social and Economic Transformation said his members will not heed calls by the Gweru City Council to vacate their current vending sites in the central business district.
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March 21, 2016
Expert Says Improved U.S-Cuba Relations Good Lesson for Zimbabwe
"I think there is a bright future for Cuba and I think people like us in Zimbabwe should also take lessons from that to see that it’s possible to resolve challenges and move forward."
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March 19, 2016
Can Zimbabwe Tackle Serious Diamond Leakages?
Speaking in a political panel, Nick Mangwana of Zanu PF and George Mkhwanazi of the People’s Democratic Party led by Tendai Biti, agreed that plugging diamond mining loopholes is an insurmountable task.
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March 18, 2016
Zimbabweans Urge Govt to Arrest People Linked to $15 Billion Diamond Scam
Zanu PF’s London-based Nick Mangwana and George Mkhwanazi of the People’s Democratic Party are among Zimbabweans calling for the punishment of people who looted diamond proceeds.
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March 18, 2016
IMF: Zimbabwe Not Automatic Recipients of Loan This Year
Getting fresh money will also depend on Harare settling its $1,8 billion in arrears to the international lenders.
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March 17, 2016
People's Democratic Party: Mugabe Must Step Down Over Missing $15 Billion Diamond Revenue
"We are disappointed that a whole president will come out now and look around and say such a thing happened. He actually must consider resigning with his entire entourage of cabinet.”
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March 16, 2016
WFP Seeks US$220 Million for Zimbabwe's Worsening Food Crisis
The World Food Programme says it needs 220 million dollars to provide assistance to an estimated 2,2 million Zimbabweans until 2017.
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March 16, 2016
Former Mines Minister Obert Mpofu Refuses to Shed Light on Missing $15 Billion Diamond Funds
“Look, I will never comment on the issue of diamonds. I am no longer the minister responsible. You must interview the minister of mines. I will never comment on that issue.”
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March 16, 2016
Zimbabwe Judge Allows Shutdown Diamond Mining Company to Guard Premises
The judge, however, said Mbada Diamonds could not resume mining operations since the company had not renewed its operating license.
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March 14, 2016
Concerned Heads of Zimbabwe Churches Planning to Meet Mugabe, Opposition Leaders
The hard-hitting communique calls for “leadership renewal across the board and for increased political accountability.”
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March 10, 2016
Zimbabwe Villagers Vow to 'Invade' Diamond Fields Despite Police Beatings
Richard Goto, a former worker at one of the closed diamond mining firms, says poverty is driving most people to engage in illegal diamond mining.
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March 10, 2016
Zimbabwe Targeting Annual Growth of Over 6%
“We need to make friends, we don’t need enemies, especially if those enemies, or if you call them enemies, lend you money."
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March 09, 2016
Zimbabwe Eases IMF Concerns Over Massive Wage Bill
Chinamasa told a visiting IMF team in Harare on Wednesday that the public sector wage bill would be slashed from 82 percent of government spending currently to 52 percent of expenditure by 2019
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March 08, 2016
Minister: Unemployment Low in Zimbabwe as Small Businesses Create Remarkable Jobs
Small to Medium Enterprises Minister, Sithembiso Nyoni, says the figures of companies that were registered shows that unemployment figures are not as high as it is being assumed.
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March 07, 2016
Govt Provides $1 Million for Drought Relief, But None of It Will Buy Food
About $600,000 is expected to be used for transport and other logistics while the remainder has been earmarked for purchasing sacks.
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March 05, 2016
Former Finance Minister Claims Mugabe Was Aware of Looting of US$15 Billion Diamond Revenue
“These are words and sound bites of a hypocrite and a dishonest person. When I was in government I gave him the figures … I gave him the secret reports … the reports showed that diamond mines were producing over US$2 billion per year but we were getting nothing.”
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March 04, 2016
Zimbabwe State Security Agents Allegedly Violating Human Rights in Diamond Mining Fields
Malvern Mudiwa chairperson of the Marange Development Trust, said the closure of diamond mining firms last week has created some problems for the community.
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March 04, 2016
Is Zimbabwe Army Involved in Zanu PF Succession Battles?
The army has been used to campaign and run elections and there has been heavy militarization of government departments and ministries.
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March 02, 2016
Parliamentarians Urge IMF to Normalize Relations With Zimbabwe
Parliamentary Budget Committee chairman,David Chapfika of Zanu PF there has been extensions to the program without any tangible benefits.
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March 02, 2016
RBZ Seeks to Calm Nerves As Barclays Bank PLC Plans to Dispose Africa Stake
Barclays Plc holds 68 percent of Barclays Bank Zimbabwe, a publicly quoted company with the investing public holding 32.04 percent shares.
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