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Zimbabwe pays out US$6.8 billion in 10 months
Zimbabwe paid out US$6.8 billion in the 10 months to October with 83% of the amount coming from foreign currency accounts. The foreign currency auction, which was started in June…
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Zimbabwe blacklists 19 companies for engaging in illegal foreign currency transactions
Zimbabwe today blacklisted 19 private contractors for engaging in illegal foreign currency transactions after receiving payments from the government. The Ministry of Finance said today that the Reserve Bank of…
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Masiyiwa among the 14 African billionaires too poor to make Forbes 400 rich list
Fourteen of Africa’s 18 billionaires, including Zimbabwe’s richest man Strive Masiyiwa, have failed to make it to the Forbes top 400 rich list for 2022. It takes at least US$6…
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New brewery company for Zimbabwe
After spending US$70 million on new investments last year, Innscor is spending a further US$56 million for the coming year on new projects. One of these projects may make Delta…
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Zimbabwe dollar down by $2 to $636.21 to the US dollar
The Zimbabwe dollar today eased by $1.96 to average $636.2104 to the United States dollar at today’s auction. A total of US$11.9 million was allotted to 184 businesses with US$1.1…
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Mnangagwa says Zimbabwe and Africa should not be denied their right to industrialisation because of the misdeeds of a handful rich countries
Zimbabwe President Emmerson Mnangagwa today said he is going to the Climate Change summit in Egypt to press for his country’s right to sustainable industrial development. Writing in his weekly…
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Itai Dzamara can now be declared dead, but……Biti says
A person who has been missing for two years and has not been found can be declared dead but an application has to be made and then advertised in the…
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Did Mthuli Ncube lie to Parliament about how much Zimbabwe owes China?
Zimbabwe Finance Minister Mthuli Ncube might have understated the amount that Zimbabwe owes to China by US$873 million, opposition legislator Norman Markham said yesterday. Markham said Mthuli Ncube had told…
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Zimbabwe Speaker of Parliament exposes rot at central hospitals- says relative’s son was only operated after he intervened
Zimbabwe Speaker of Parliament Jacob Mudenda told Parliament yesterday that a son of his relative spent six months waiting for an operation at Parirenyatwa Hospital and was only attended to…
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Zimbabwe exports first coal to China, gets interest from Europe
Zimbabwe shipped its first coal to China, exporting 20 000 tonnes as part of a trial run to a customer in the cement industry. The coal was transported via the…