Bold. Indepenent. Different
CORRUPTION and mismanagement of the agricultural sector are the major drivers of food shortages in Zimbabwe, where over 7,7 million people urgently require food, a top European Union (EU) diplomat has said. Addressing journalists in Harare yesterday soon after the release of an additional US$18,7 million kitty to help alleviate hunger
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Finance minister Mthuli Ncube maintained on Monday that the country’s economy would grow 3 percent this year despite poor rains that have hurt some crops and persistent power cuts that have hit mines and industry. Zimbabwe is experiencing its worst economic crisis in a decade, compounded by shortages of foreign exchange,
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RESPECTED United States-based stockbroking firm, Morgan & Co Research, has urged Zimbabwean authorities to join the Rand Monetary Union (RMU) to resolve the prevailing currency volatility and stabilise the southern African country’s economy. Since government made a surprise announcement of the return of the Zimbabwe dollar as the sole legal tender
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IN the last few days, High Glen road has become the talk of town with a new joint attracting hordes of people. Perched in the industrial area along High Glen Road off Willowvale, is Mashwede Village – the new talk of town.Proprietor Alex Mashamhanda took time to talk about Mashwede Village
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Delta Corporation , the country’s largest drinks maker, reported a 48 percent fall in half-year lager sales compared with the same period last year after output and distribution were hit by shortages of electricity and fuel. The worst economic crisis in a decade in Zimbabwe has been compounded by a drought
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USD/RTGS 1 : 20(high) 1 : 11.15(low) USD/RTGS (INTERBANK) 1 : 16.61(high) 1 : 5.32(low) USD/BOND 1 : 16.6(high) 1 : 10.05(low) BOND/RTGS 1 : 40(high) 1 : 40(low) USD/RAND 1 : 14.05(high) 1 : 13.98(low) BRITISH POUND/USD 1 : 1.27(high) 1 : 0.76(low) BRITISH POUND/RTGS 1 : 24.5(high) 1 : 24.5(low) OMIR 25.55
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FINANCE minister Mthuli Ncube has hinted to Parliament that he will be introducing higher denominations of $10 and $20 notes in the near future. Ncube revealed this on Thursday in the Senate while responding to a question by Masvingo Senator Tichinani Mavetera (MDC Alliance) on the practical steps that he was
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By Kovedzayi Takawira Investigations by the Auditor General and Parliament Committee on Public Accounts, have revealed that the Government’s finances were mismanaged in the last four years dating back to 2015 with USD9.6 billion of government funds unaccounted for. The Government admits it spent this money without authority. By comparison, the total
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Zimbabweansare in for a torrid time this festive season as the market is rejecting 50c coins, the bulk of which are being given as withdrawals in banks. The rejection of the 50c coin comes hard on the heels of the market's refusal to accept the 25 cent coin, which has also
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LEADING beverages producer, Schweppes Zimbabwe has indefinitely stopped producing its flagship drink, Mazoe Orange Crush, as the company lacks foreign currency to pay a debt to its supplier of vital ingredients. Schweppes Zimbabwe, according to some media reports, allegedly owes the Coca Cola Company in excess of US $10 million which
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