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Zimbabwe gold-backed digital tokens mop out $14 billion
Posted inStories

Zimbabwe gold-backed digital tokens mop out $14 billion

Gold-backed digital tokens which were introduced this week as one of the measures to shore up the local currency mopped out $14 billion with United States dollar purchases amounting to…
Posted by Charles Rukuni May 13, 2023
Dollarisation will shrink Zimbabwe economy, warns Delta
Posted inStories

Dollarisation will shrink Zimbabwe economy, warns Delta

Delta Beverages, one of Zimbabwe’s largest public corporations, says increased dollarisation may cripple economic growth this year.  The country’s biggest brewer and bottler says its United States dollar sales reached…
Posted by Charles Rukuni May 12, 2023
Zimbabwe lifts all restrictions on importation of basic goods, scraps 15% surrender requirement on domestic sales in foreign currency
Posted inStories

Zimbabwe lifts all restrictions on importation of basic goods, scraps 15% surrender requirement on domestic sales in foreign currency

Zimbabwe has lifted all restrictions on the importation of basic goods which means that import licences are no longer required to bring in basic goods into the country. The goods…
Posted by Charles Rukuni May 11, 2023
Petition to Parliament to summon person thought to be Mnangagwa’s spokesman thrown out
Posted inStories

Petition to Parliament to summon person thought to be Mnangagwa’s spokesman thrown out

A petition from the Media Alliance of Zimbabwe requesting Parliament to summon the owner of a twitter account under the name Tinoedza Zvimwe over cyber bullying and threats against journalists…
Posted by Charles Rukuni May 11, 2023
Can WestProp survive the loss of Pomona City?
Posted inStories

Can WestProp survive the loss of Pomona City?

A Tuesday, 9 May, High Court ruling, which cancelled the transfer of Stand 654 Pomona to WestProp Holdings where the company intended to establish a “city within a city” called …
Posted by Charles Rukuni May 11, 2023
Is Zimbabwe dollar now down to $3 000 to US dollar?
Posted inStories

Is Zimbabwe dollar now down to $3 000 to US dollar?

Independent legislator Temba Mliswa told Parliament it was. He called on Finance Minister Mthuli Ncube to come and address Parliament on what he was doing to address inflation which he…
Posted by Charles Rukuni May 10, 2023
Is a cleaner-than-clean election possible in Zimbabwe?
Posted inStories

Is a cleaner-than-clean election possible in Zimbabwe?

After the general election in Nigeria in February, the next most significant election in Anglophone Africa will be in Zimbabwe in July or August. There is huge interest in the…
Posted by Charles Rukuni May 10, 2023
WestProp suffers major blow as court cancels transfer of Pomona City to the company
Posted inStories

WestProp suffers major blow as court cancels transfer of Pomona City to the company

WestProp Holdings yesterday suffered a major blow after the High Court in Harare ordered the Registrar of Deeds to cancel the transfer of Stand 654 Pomona Township where it intends…
Posted by Charles Rukuni May 10, 2023
Zimbabwe dollar sheds $142 to average $1 212.54 to the US dollar
Posted inStories

Zimbabwe dollar sheds $142 to average $1 212.54 to the US dollar

The Zimbabwe dollar today shed $142.13 to average $1 212.5448 to the United States dollar with offers ranging from $1 151 to $1 400 while blackmarket rates were as low…
Posted by Charles Rukuni May 9, 2023
Premium on the black market rate of the Zimbabwe dollar widens to 101% in April
Posted inStories

Premium on the black market rate of the Zimbabwe dollar widens to 101% in April

The premium on the black market rate of the Zimbabwe dollar widened from 65% at the beginning of April to 101% at the end of the month, IH Securities says…
Posted by Charles Rukuni May 9, 2023

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