News

Britain has added its voice to those who are sceptical about the introduction of bond notes to ease the cash crisis in the country. It says the introduction of bond…

Zimbabwe’s bankers, long criticised for the high bank charges often cited as obstacles to promoting savings and use of plastic money, yesterday confessed to overcharging their customers. The confession, appropriately…

Pearl Properties says the difficult operating environment has seen the company’s occupancy levels declining by six percent in the four months to April to 73 percent compared to 78 percent…

The Movement for Democratic Change-Tsvangirai today said corruption has become part and parcel of the Zimbabwe African National Union-Patriotic Front which has been in power for the past 36 years.…

Reserve Bank of Zimbabwe (RBZ) today conceded that the multi-currency system adopted in 2009 was effectively dysfunctional with the economy trading solely on the United States dollar, which has resulted…

Zimbabwe’s cooking oil industry says government import restrictions in the past two years have seen locally manufactured products now occupying about 95 percent of local supermarket shelf space, a massive…

When Home Affairs Minister Ignatius Chombo condemned corruption last week, laughter echoed across the country. It is easy to understand why. With his vast property wealth, laid bare in a…

Vehicle sales in Zimbabwe’s are seen falling by 23 percent this year as weak economic fundamentals and cash shortages squeeze out luxury spending, a research firm has said. Zimbabwe’s automotive…

Zimbabwe plans to cull National Railways of Zimbabwe (NRZ)’s work force by up to 70 percent citing poor business environment and the parastatal’s low capacity utilisation. Transport and Infrastructural Development…

Billions of dollars realised from Zimbabwe’s looted diamonds may be stashed in London, a British peer said last week. Lord David Chidgey told the House of Lords on Tuesday that…