News

Zimbabwe mining companies can pay for electricity in foreign currency to guarantee supplies, Energy Minister Fortune Chasi said today, a day after he indicated there could be deeper power cuts…

Zimbabwe Finance Minister Mthuli Ncube, who has been under pressure to redollarise as the country’s local currency the RTGS dollar continues to fall against the greenback with prices rising almost…

Energy Minister Fortune Chasi today issued a statement on the state of the energy sector in the country. Zimbabwe has been experiencing both power and fuel shortages for some time…

Amnesty International has suspended its local branch in Zimbabwe after uncovering evidence of fraud, in the first such move by the rights advocacy group. An "extensive forensic audit was conducted…

Tanzania will export 700 000 tonnes of maize to Zimbabwe after an El Nino-induced drought wilted crops, Tanzania’s President said, adding that he hoped the sale would stimulate trade between…

Zimbabwe owes $200 million to foreign fuel suppliers including Glencore , Total and Trafigura, making new imports difficult as companies require cash upfront, the central bank governor said on Thursday.…

Having failed to persuade Finance Minister Mthuli Ncube to adopt the South African rand as its currency, business is quietly pushing the exchange rate to 10:1 which sources say it…

Zimbabwe’s new Energy Minister Fortune Chasi is expected to meet fuel suppliers this morning and will hold a press conference at his office shortly after the meeting. Chasi was appointed…

Zimbabwe Finance Minister Mthuli Ncube today literally undressed former Finance Minister Tendai Biti when he told him that he destroyed Zimbabwe’s ability to conduct its own monetary policy completely when…

Movement for Democratic Change secretary-general Douglas Mwonzora and vice-president Elias Mudzuri may have been humiliated at the just ended party congress where they were reduced to ordinary members but they…