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Stories

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Zimbabwe Revenue Authority collects $1 billion in three months

Zimbabwe’s gross revenue collections in the quarter ended September amounted to $1.03 billion surpassing the target of $863 million by 19 percent, the tax agency said today. Net revenues at…
Posted by Charles Rukuni October 19, 2017
Posted inStories

Zimbabwe Stock Exchange bull run breaks after 18 days

The Zimbabwe Stock Exchange’s mainstream index closed in the red for the first time in 18 days yesterday, shedding 0.21 percent to 515.95 points. The resources index also shed 1.32…
Posted by Charles Rukuni October 19, 2017
Posted inStories

FMB says to invest $15 million in Barclays after takeover

Malawi’s First Merchant Bank ( FMB) intends to invest at least $15 million in Barclays Bank Zimbabwe, with $6 million of that earmarked to upgrade the bank’s information technology (IT)…
Posted by Charles Rukuni October 18, 2017
Posted inStories

Zimbabwe now a mobile money market

The value of transactions processed through the National Payment System (NPS) in the first week of October declined by 14 percent from $2.3 billion in the previous week to $1.9…
Posted by Charles Rukuni October 18, 2017
Posted inStories

Zimbabwe to slash budget deficit by half in 2018

Zimbabwe is targeting to halve its budget deficit to four percent of the country’s Gross Domestic Product (GDP) next year, with growth expected to slow to 3 percent, according to…
Posted by Charles Rukuni October 18, 2017
Posted inStories

Too early for Grace Mugabe’s supporters to celebrate

Zimbabwean media, especially the online media, has been awash with headlines like: “Grace Mugabe in Zimbabwe leadership race”,  “Moves to make Grace Mugabe Zimbabwe VP”,  “Grace Mugabe takes over from…
Posted by Charles Rukuni October 18, 2017
Posted inStories

Zimbabwe’s TM Supermarkets boost South Africa’s Pick n Pay revenue

South African retailer Pick n Pay says its Zimbabwe associate TM Supermarkets performance boosted the group’s half year revenue for its Rest of Africa division which increased by 12.6 percent…
Posted by Charles Rukuni October 17, 2017
Posted inStories

Tsvangirai lifts suspension of Bhebhe and Hwende, silent about health

Movement for Democratic Change leader Morgan Tsvangirai has lifted the suspension of two top party officials Abednico Bhebhe and Chartlon Hwende who were suspended in August following party disturbances in…
Posted by Charles Rukuni October 17, 2017
Posted inStories

Zimbabwe pharmacies now insisting on payment in US dollars as drugs go up by 70 percent

Zimbabwe’s health insurers say the shortage of foreign currency in the country has resulted in the cost of drugs escalating by as much as 70 percent. Zimbabwe, which has been…
Posted by Charles Rukuni October 17, 2017
Posted inStories

Prophet says God has changed his mind about taking Mugabe’s life today

A Zimbabwean pastor who prophesied in January that President Robert Mugabe would die today says God had changed his mind but did not tell him why. Phillip Mugadza is appearing…
Posted by Charles Rukuni October 17, 2017

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