News

Central bank Governor John Mangudya says Zimbabwe’s plan to settle arrears to multilateral lenders is facing resistance from within the government, a development he said was akin to “shutting ourselves…

It was a sound and perfect idea to make Zimbabwe food sufficient. The government was to look for 2 000 farmers who would be asked to grow 200 hectares of…

Sound value chains in the tobacco industry have spurred lending to the agriculture sector by commercial banks, a banking executive has said. While Zimbabwe’s agriculture sector – a former mainstay…

The Agricultural Marketing Authority yesterday launched a bid to raise $50 million in agro-bills to procure grain in a bid to offset a food deficit. An El Nino-induced drought has…

Prophetic Healing and Deliverance leader Walter Magaya, who is facing rape charges, was today remanded to 28 September when he appeared for remand. Magaya is accused of raping a 25-year-old…

The central bank says that it has secured $20 million to support production by small-scale miners, amid a push to reach 24 tonne output, close to the country’s historical peak.…

Zimbabwe’s central bank will introduce bond notes, a token currency which will circulate within a basket of multiple currencies, at the end of October with $75 million worth of the…

It was 1992, and drought-hit Zimbabwe had just a week’s supply of maize left. Cephas Msipa was chairman of the Grain Marketing Board, then the state grain monopoly. For placing…

State power utility, Zimbabwe Energy Distribution and Transmission Company (ZETDC), says the country faces power cuts because it owes suppliers over $734 million. Zimbabwe, currently generates just over 1 000…

Civil service labour union, the Apex Council, today rejected Finance Minister Patrick Chinamasa’s “insensitive” proposals, to reduce spending by cutting salaries and jobs, as well as suspending bonuses but at…