BUSINESS NEWS

Zimbabwe's worsening cash crunch

Zimbabwean president Emmerson Mnangagwa's assumption of office last November after the military intervention that led to long-serving dictator Robert Mugabe's resignation sparked the dawn of a new era...

By Financial Mail | Published: 24 May 2018

POLITICS

Mugabe keeps Parly guessing

Former President Robert Mugabe, not for the first time, failed to appear in Parliament yesterday where he had been summoned to explain the missing $15 billion diamond revenue from the gem-rich Marange...

By Staff reporter | Published: 24 May 2018

POLITICS

Mnangagwa lauded for not forcing people to rally

In A development that marked a clear departure from former president Robert Mugabe-era tactics, Zanu-PF turned a corner by hosting President Emmerson Mnangagwa's rally at Sakubva Stadium on Saturday w...

By Staff reporter | Published: 24 May 2018

POLITICS

Top cops fingered in smuggling

Commissioner-General Godwin Matanga, pictured, has demanded the arrest and prosecution of local police commanders he claimed were integral members of the criminal smuggling syndicates.Addressing Manic...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Fuel shortages persist

Service stations in most parts of the country are still struggling to secure adequate fuel to meet demand, resulting in long-winding queues at pump stations with the product in stock.A survey by the D...

By Staff reporter | Published: 24 May 2018

POLITICS

Chamisa comes under fire

MDC Alliance presidential candidate and leader of the main faction of the MDC, Nelson Chamisa, has come under fire for not condemning the abuse of sacked former  deputy leader, Thokozani Khupe, w...

By Staff reporter | Published: 24 May 2018

POLITICS

Mujuru, step children fight takes a new twist

The battle between former vice president Joice Mujuru and step-children of her late husband retired general Solomon Mujuru over a Borrowdale house has taken a new twist after the widow approached the ...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

RBZ doubles forex allocation for fuel

The Reserve Bank of Zimbabwe (RBZ) has doubled weekly foreign currency allocation on fuel imports to US$20 million in a bid to address the supply gap following a 20 percent rise in demand for the comm...

By Staff reporter | Published: 24 May 2018

POLITICS

Obiang Nguema jets in

Equatorial Guinea President Teodoro Obiang Nguema Mbasogo has arrived in Harare this Thursday afternoon.President Nguema Mbasogo was received at Robert Mugabe International Airport by Vice President R...

By Staff reporter | Published: 24 May 2018

POLITICS

Chiefs seek peace order against Obert Mpofu

THREE Matabeleland North chiefs have approached the courts seeking a peace order against Home Affairs minister Obert Mpofu, whom they accuse of being abusive, issuing ominous threats and occasionally ...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Drug prices skyrocket

PRICES of vital drugs in Zimbabwe have gone up by about 15 percent over the last few months, health care industry players have disclosed.The surge has significantly affected patients and insurance com...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

'AfDB is giving Zimbabwe grants not loans'

THE African Development Bank (AfDB) is co-ordinating negotiations between Zimbabwe and various international financial institutions (IFIs) for Harare to settle its US$12 billion foreign debt. Though A...

By Staff reporter | Published: 24 May 2018

OPINION

Mnangagwa's unit an attack on prosecutorial independence

The exercise of public power is subject to the law and must therefore comply with the constitution, which is the supreme law.That is a fundamental principle of constitutional supremacy and the rule of...

By Tererai Mafukidze | Published: 24 May 2018

BUSINESS NEWS

New twist to NSSA corruption storm

A SCHEDULED forensic audit into the goings-on at the National Social Security Authority (Nssa) has taken a new twist after Auditor-General Mildred Chiri wrote to an audit firm contracted to carry out ...

By Staff reporter | Published: 24 May 2018

POLITICS

MPs warn Mugabe

THE Parliamentary Portfolio Committee on Mines and Energy has warned it could summon former president Robert Mugabe to appear before it after he failed to pitch up for a hearing yesterday to give evid...

By Staff reporter | Published: 24 May 2018

POLITICS

Zimbabwe losing $4bn annually to corruption

ZIMBABWE is losing an average $4 billion annually to corruption due to bureaucratic bungling, a local economist Prosper Chitambara has said.Chitambara said the country's institutional fabric had been ...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Private sector reforms stepped up

GOVERNMENT is implementing private sector reforms to improve ease of doing business to boost local and foreign investment, Energy Minister Simon Khaya Moyo has said.Speaking at the launch of the Zuva ...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

RBZ deal boosts Ariston

AN export incentive scheme unveiled by the central bank two years ago spurred growth of exports at listed agro-industrial firm Ariston Holdings Limited, which yesterday reported a 53 percent rise in r...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Zim moves to establish correspondent banks

FINANCE minister Patrick Chinamasa says the country is making frantic efforts to re-establish international correspondent banks through the enactment of morden financial laws that are aligned to lates...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Zim business prays for credible elections

A CREDIBLE election is the only answer for unlocking foreign investments, economic growth and Zimbabwe's return to prosperity, business lobby groups and industry captains have said.With President Emme...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

Mnangagwa bows to Chinese pressure

THE Zimbabwean government has bowed to Chinese pressure and will restore Anjin Investment's operating licence after finalisation of the new diamond policy, nearly three years after the entity was stop...

By Staff reporter | Published: 24 May 2018

POLITICS

Petina Gappah targets Mukupe in smear campaign?

LAWYER and writer, Petina Gappah, has reportedly been exposed for meddling in Zanu-PF internal affairs, after she allegedly attempted to use a phantom Twitter character to have Finance deputy minister...

By Staff reporter | Published: 24 May 2018

POLITICS

Mukupe in more trouble

FINANCE deputy minister Terrence Mukupe has been taken to court by a Harare-based Chinese construction company, China Industrial International Group, over a $28 000 debt, which arose following the con...

By Staff rpeorter | Published: 24 May 2018

BUSINESS NEWS

Millers import Canadian wheat

ZIMBABWE will in two weeks complete a deal with Canadian wheat suppliers for 290 000 metric tonnes of wheat from the North American country up to December 2019.The deal followed a recent visit to Cana...

By Staff reporter | Published: 24 May 2018

POLITICS

EU offers fund to audit Zim's first biometric voters' roll

THE European Union (EU) has offered to provide funding for an audit of Zimbabwe's first biometric voters' roll ahead of this year's general elections, as part of measures to promote transparency and p...

By Staff rpeorter | Published: 24 May 2018

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