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# The Insider

News about Zimbabwe that you can use

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## Posts

- [Company chows easy government money, gets away with it](https://insiderzim.com/company-chows-easy-government-money-gets-away-with-it/) - A company that was paid more than $300 000 by the government to install and commission four weigh bridges had not done so nearly three years after the deposit and no action was taken. The auditor-general Mildred Chiri said in her latest report that she raised concern about the job, given to Applied Weighing
- [Zimbabwe third among the least free countries in SADC](https://insiderzim.com/zimbabwe-third-among-the-least-free-countries-in-sadc/) - Zimbabwe has been ranked third among the least free countries in Southern Africa but it is not among the 39 least free countries in the world, according to the latest Freedom House 2026 Freedom in the World report. It scored only 25 out of 100, while the 39 least free countries scored 21 points and
- [Why I had a girlfriend two months after my wife’s death- Take 1](https://insiderzim.com/why-i-had-a-girlfriend-two-months-after-my-wifes-death-take-1/) - I had always considered it a curse for a wife to die before her husband. And I was right. I did not even last two months before I had a girlfriend after my wife of thirty-nine years died. I did not understand why, because at one time, I had spent a whole ten months apart
- [Why I had a girlfriend two months after my wife’s death](https://insiderzim.com/why-i-had-a-girlfriend-two-months-after-my-wifes-death/) - This is a true story about the challenges and loneliness I faced when my wife of 39-years died in July 2020, just a few months after the Covid-19 outbreak. I was 68. The loneliness was so intense that I just felt I needed company. Someone to talk to. But I was also very selective. The
- [Coming soon](https://insiderzim.com/coming-soon/) - My first long-form article in booklet form: Why I had a girlfriend two months after my wife’s death is coming soon. For details and the latest updates, join my channel at: https://whatsapp.com/channel/0029VbD31wwDeOMxCCc6U41Z
- [Insider Publisher starts whatsapp channel](https://insiderzim.com/insider-publisher-starts-whatsapp-channel/) - The editor and publisher of The Insider, Charles Rukuni, has started a whatsapp channel through which he will be sharing his writing, mostly longform articles and books he has written so far and intends to write in future. Rukuni founded The Insider in December 1990 and has been running it since though of late he
- [Who propped whom: Masiyiwa vs Nyambirai?](https://insiderzim.com/who-propped-whom-masiyiwa-vs-nyambirai/) - A friend who knows about my legal battle with Zimbabwe’s richest man, Strive Masiyiwa, way back in the 1990s when he sued by publication, The Insider, recently sent me an undated story by Fanuel Viriri entitled: Strive Masiyiwa was broke; Nyambirai offered free legal aid in Econet case. What struck me was the intro that
- [Britain takes credit but Masiyiwa was one of the biggest beneficiaries of Zimbabwe’s indigenisation programme](https://insiderzim.com/britain-takes-credit-but-masiyiwa-was-one-of-the-biggest-beneficiaries-of-zimbabwes-indigenisation-programme/) - Zimbabwe’s richest man Strive Masiyiwa has made history by becoming Britain’s first black billionaire but Zimbabwe is not getting any credit for Masiyiwa’s success yet he was one of the biggest beneficiaries of the country’s indigenisation policy. And Masiyiwa seems to be deliberately deleting this from his history, instead promoting that of his persecution by
- [Britain says amendment of the Zimbabwean Constitution is a sovereign, legislative matter for Zimbabwe to decide](https://insiderzim.com/britain-says-amendment-of-the-zimbabwean-constitution-is-a-sovereign-legislative-matter-for-zimbabwe-to-decide/) - Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to determine. This was said by Minister of State ( Development) Baroness Chapman of Darlington in response to a question by Lord Alton of Liverpool on what representations Britain had made to the Government of Zimbabwe following reports that those opposed
- [Who started the war?](https://insiderzim.com/who-started-the-war/) - It is now 47 years since I wrote the short story below for a South African African publication, the Staffrider. Zimbabwe was called Zimbabwe-Rhodesia at the time. South Africa was more than a decade away from majority rule. The short story was incorporated in a book entitled: Forced Landing, a collection of short stories and
- [Zimbabwe 2026 monetary policy statement at a glance](https://insiderzim.com/zimbabwe-2026-monetary-policy-statement-at-a-glance/) - Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its local currency and has scrapped the 2030 deadline to return to a mono-currency. It has also ordered banks to reduce charges, good news for its overtaxed consumers. Here is the monetary policy at a glance. Continued next page Continued next
- [Was Chombo Mugabe’s number two?](https://insiderzim.com/was-chombo-mugabes-number-two/) - Far from it, on paper that is. Ignatius Chombo was one of the longest serving Ministers of Local Government holding that post from 2000 to 2015. But according to one of the emails released under the Epstein Files, Chombo is reported to have been one of the influential members one had to have dinner with
- [Zimbabwe’s 2026 citizen’s budget](https://insiderzim.com/zimbabwes-2026-citizens-budget/) - Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion, leaving a deficit of ZiG3.3billion. This translates to expenditure of $11.1 billion and revenue of $10.98 billion at the official exchange rate on Thursday of ZiG26.2 to the greenback. The biggest chunk of ZiG47.4 billion is going to primary and
- [IMF says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated](https://insiderzim.com/imf-says-zimbabwes-economic-recovery-in-2025-is-stronger-than-previously-anticipated/) - The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated and the economy is expected to maintain strong momentum in 2026. In a statement following a staff team visit to Zimbabwe from 29 October to 5 November, the IMF says the recovery was due to the rebound in agriculture and
- [Can anyone come to your farm and start mining? It depends.](https://insiderzim.com/can-anyone-come-to-your-farm-and-start-mining-it-depends/) - The answer is Yes and No. It depends on the size of the farm. Mines Deputy Minister Polite Kambamura said the current law says that when the farm is less than 100 hectares, no one can peg on that farm without getting consent from the owner. When the farm is bigger than 100 hectares, the
- [IMF says Zimbabwe has the best performing economy in SADC](https://insiderzim.com/imf-says-zimbabwe-has-the-best-performing-economy-in-sadc/) - Zimbabwe has the best performing economy in the Southern African region this year beating regional giants South Africa and oil-rich Angola by far. Its growth is estimated at 6% tallying with that of Tanzania which has been one of the fastest growing economies in Africa. The Ministry of Finance projects Zimbabwe’s growth for this year
- [Mnangagwa vs Chiwenga:Who owes who?](https://insiderzim.com/mnangagwa-vs-chiwengawho-owes-who/) - The ZANU-PF national conference that was being held in Mutare has raised the tempo on the so-called rift between President Emmerson Mnangagwa and his deputy Constantino Chiwenga. I say so-called rift because I think the differences between the two are being exaggerated. Chiwenga is said to be against calls to extend Mnangagwa’s current term which
- [ZiG relatively extinct and largely irrelevant](https://insiderzim.com/zig-relatively-extinct-and-largely-irrelevant/) - Zimbabwe’s local currency the Zimbabwe Gold (ZiG) has become relatively extinct and largely irrelevant because few people are using it. According to the latest newsletter from Imara Asset Management (Zimbabwe), Zimbabwe has been experiencing increased dollarisation because of the Reserve Bank of Zimbabwe’s tight monetary policies but more importantly its refusal to extend the government’s
- [What sleeping for less than 6 hours can do to you](https://insiderzim.com/what-sleeping-for-less-than-6-hours-can-do-to-you/) - Sleep is a vital restorative process with measurable effects on health and overall wellbeing but one in three adults consistently fails to achieve sufficient sleep, placing them at higher risk of cardiometabolic disease, depression, motor-vehicle accidents, and premature death, a recent study says. The study of more than 47 million sleep records says modern life
- [Zimbabwe among the 10 least innovative countries in Africa and the world](https://insiderzim.com/zimbabwe-among-the-10-least-innovative-countries-in-africa-and-the-world/) - Zimbabwe has been ranked 129 out of the 139 most innovative countries in 2025, according to the Global Innovation Index. It only ranks higher than Niger at 139, Angola(138), Congo(137), Mali (135), Ethiopia (134), Guinea (133),Lesotho (132) and Mauritania (131). Mauritius is the highest ranked African country at 53 followed by South Africa (61), Seychelles
- [IMF calls for more clarity on transitional plan to make ZiG sole currency by 2030](https://insiderzim.com/imf-calls-for-more-clarity-on-transitional-plan-to-make-zig-sole-currency-by-2030/) - The International Monetary Fund has called on Zimbabwe to provide more clarity on its transitional plan to phase out the use of the mutl-currencies, dominated by the use of the United States, making the Zimbabwe Gold (ZiG) the sole currency by 2030. In its country report released last week, the IMF said Zimbabwe must clarify
- [Which is the most innovative country in the world - The answer](https://insiderzim.com/which-is-the-most-innovative-country-in-the-world-the-answer/) - Switzerland is the most innovative country in the world according to the 2025 Global Innovative Index, ahead of economic and industrial giants, the United States and China. The United States is third after Sweden while China is at number 10, behind South Korea, Singapore, United Kingdom, Finland, Netherlands and Denmark. Switzerland topped the index for
- [Which is the most innovative country in the world?](https://insiderzim.com/which-is-the-most-innovative-country-in-the-world/) - Take a guess. You will not believe it when you see the answer.
- [Mthuli Ncube taken to task over cost of Trabablas Interchange](https://insiderzim.com/mthuli-ncube-taken-to-task-over-cost-of-trabablas-interchange/) - Finance Minister Mthuli Ncune was yesterday taken to task over the cost of the Trabablas Interchange which was built along the Harare Masvingo Road to ease congestion into the capital city. This was after legislators asked why the cost exceeded the budget of $88 million by $26 million. Ncube said these were just cost overruns.
- [Our lawyer betrayed us- Mutasa plot holders say](https://insiderzim.com/our-lawyer-betrayed-us-mutasa-plot-holders-say/) - Plot holders from Irene Township in Mutasa District just outside Mutare, who are being evicted from the plots that they bought at independence, say that they are really aggrieved and feel betrayed by their lawyer Jesca Magama who withdrew her services immediately after making them sign documents which they had not read and did not
- [No one spared. 87-year-old disabled to be evicted from his plot by Wednesday](https://insiderzim.com/no-one-spared-87-year-old-disabled-to-be-evicted-from-his-plot-by-wednesday/) - An 87-year-old plot holder at Irene Farm in Mutasa District has been ordered to vacate his farm by Wednesday, 2 July, or be evicted. Charles Mukosera, who has lost his feet, his hand and some fingers and is now on a wheelchair, has the smallest plot and had been spared in the first eviction which
- [British legislator asks why the UK lifted sanctions on Owen Ncube and Sanyatwe](https://insiderzim.com/british-legislator-asks-why-the-uk-lifted-sanctions-on-owen-ncube-and-sanyatwe/) - A British legislator who has been a strong critic of Zimbabwe has asked the United Kingdom government on what grounds they removed sanctions against Owen Ncube, Isaac Moyo, Godwin Matanga, Anselem Sanyatwe and Zimbabwe Defence Industries. The United Kingdom lifted sanctions on the four, who were involved in the security sectors of the country, on
- [Britain still against Zimbabwe rejoining the Commonwealth](https://insiderzim.com/britain-still-against-zimbabwe-rejoining-the-commonwealth/) - Britain is still against Zimbabwe’s rejoining of the Commonwealth arguing that Harare needs to take further steps needed on democracy, governance and human rights. This was said on Monday by Hamish Falconer, the United Kingdom’s Parliamentary Under-Secretary in the Foreign, Commonwealth and Development Office. Responding to a question by Andrew Mitchell, Minister of State in
- [Zimbabwe among the 50 poorest countries in the world](https://insiderzim.com/zimbabwe-among-the-50-poorest-countries-in-the-world/) - Zimbabwe, which aims to become an upper middle income country in five years, is one of the 50 poorest countries in the world according to 2025 gross domestic product per capita estimates from the International Monetary Fund. Ironically, India, the fourth largest economy in the world after the United States, China and Germany, is ranked
- [81-year-old widow to be evicted today from plot she bought 45 years ago](https://insiderzim.com/81-year-old-widow-to-be-evicted-today-from-plot-she-bought-45-years-ago/) - Eighty-one-year-old Dorcas Makaya is likely to be evicted today from the plot that she bought 45 years ago if no one intervenes. Mrs Makaya is one of four elderly plot holders likely to be evicted from their plots for failing to pay development costs by property developer Ferro Consulting which they are challenging. Twelve plot
- [Spared but it’s not over yet for 80-year-old plot holders from Mutasa](https://insiderzim.com/spared-but-its-not-over-yet-for-80-year-old-plot-holders-from-mutasa/) - Six plot holders at Irene Township in Mutasa who were told that they would be evicted from their plots which they bought in the 1980s were spared after their lawyers made an urgent application to stop the eviction. But they now have to pay a bill of $7 000. The six plot holders are part
- [IMF says Zimbabwe should clarify that use of mono-currency will be limited to domestic transactions only](https://insiderzim.com/imf-says-zimbabwe-should-clarify-that-use-of-mono-currency-will-be-limited-to-domestic-transactions-only/) - While the International Monetary Fund staff monitoring team that was in Zimbabwe until today supports Zimbabwe’s transition from a multi-currency regime to a mono-currency by 2030, it says Zimbabwe must clarify that the use of a mono-currency will be limited to domestic transactions. Banks should be allowed to maintain deposits in both currencies. In a
- [Developer gives 80-year-old plot holders 5 days to vacate plots they bought 45 years ago](https://insiderzim.com/developer-gives-80-year-old-plot-holders-5-days-to-vacate-plots-they-bought-45-tears-ago/) - In what appears to be an act of desperation, the developer of Irene Township in Mutasa District on Thursday distributed eviction notices giving some of the 12 original plot holders five days to vacate their land. The eviction notices allegedly from the Sheriff’s Office in Mutare were distributed a day after lawyers representing six of
- [Zimbabwe central bank says there is enough ZiG to meet current and future demand](https://insiderzim.com/zimbabwe-central-bank-says-there-is-enough-zig-to-meet-current-and-future-demand/) - Zimbabwe’s central bank says there is enough ZiG, the country’s local currency, to meet current and future demand. In a statement yesterday to allay concerns about the availability of the local currency, the central bank says usage of the ZiG, which stands for Zimbabwe Gold, has improved significantly since its launch in April last year.
- [Joke of the day](https://insiderzim.com/joke-of-the-day-4/) - What is politics “Politics is the art of looking for trouble, finding it everywhere, diagnosing it wrongly, and applying unsuitable remedies”. From The Insider April1992
- [British MP says dangerous foreign criminals must not be protected](https://insiderzim.com/british-mp-says-dangerous-foreign-criminals-must-not-be-protected/) - A British legislator Chris Philp says the country’s Human Rights Law must be amended to allow Parliament to decide who stays in the United Kingdom because judges are passing judgments that protect dangerous foreign criminals at the expense of locals. Philp, a former minister in the Conservative government, is currently the Shadow Minister for Home
- [Joke of the day](https://insiderzim.com/joke-of-the-day-3/) - Darling let’s go A tall, good looking girl who had just left college asked her pupils to look for three sentences as part of their homework. When one of the pupils, Simba, got home he decided to seek the help of his father: “Please, daddy, can you help me……?” “Shut up! I am busy,” barked
- [Zimbabwe has the third most expensive diesel in Africa](https://insiderzim.com/zimbabwe-has-the-third-most-expensive-diesel-in-africa/) - Zimbabwe has the third most expensive diesel in Africa after Malawi and the Central African Republic. Libya has the cheapest diesel in Africa at only 3 US cents a litre while within the Southern African Development Community, Angola has the cheapest at 33 US cents a litre. Hong Kong has the most expensive diesel in
- [Minister asked if you take our pregnant daughter back to school, are you going to marry her?](https://insiderzim.com/minister-asked-if-you-take-our-pregnant-daughter-back-to-school-are-you-going-to-marry-her/) - The Deputy Minister of Primary and Secondary Education Angeline Gata yesterday told Parliament the dilemma her ministry is facing in trying to get pregnant girls back to school. She said that when she and a group of partners working with her ministry tried to get a 13-year-old pregnant girl in Manicaland back to school, her
- [Trump’s Afrikaners are opportunists not refugees](https://insiderzim.com/trumps-afrikaners-are-opportunists-not-refugees/) - South Africans are wearily attuned to governments’ Orwellian misuse of language. After all, South Africa is a country where a one-time government passed a law (the Natives Abolition of Passes and Coordination of Documents Act of 1952) which extended rather than abolishing the notorious pass system. This made it compulsory for black South Africans over
- [Joke of the day](https://insiderzim.com/joke-of-the-day-2/) - Doctor and plumber A doctor phoned a plumber at 2am and asked if he could come and fix his home toilet which was out of order. “Do you know what time it is?” asked the plumber. “Well, I am often called out for emergencies at this time,” replied the doctor. The plumber duly arrived, looked
- [ZANU-PF chief whip asks whether apologies by ministers not to attend Question Time in Parliament are genuine or not after one turns up](https://insiderzim.com/zanu-pf-chief-whip-asks-whether-apologies-by-ministers-not-to-attend-question-time-in-parliament-are-genuine-or-not-after-one-turns-up/) - Ruling Zimbabwe African National Union-Patriotic Front chief whip Pupurayi Togarepi today asked Speaker of Parliament Jacob Mudenda whether it was mere routine to announce the list of ministers who have given apologies not to attend Question Time in Parliament as some of them will actually be in the house. He pointed out that one of
- [Joke of the day](https://insiderzim.com/joke-of-the-day/) - Get yourself a boyfriend A young female teacher, teaching grammatical errors and how to correct them asked her class to correct the following sentence: “I didn’t have no fun during the Christmas holidays.” One boy simply wrote: “Get yourself a boyfriend, Miss.” - Joseph Magidi. From The Insider January 1992
- [Zimbabwe legislator says private sector has turned internship into modern day slavery](https://insiderzim.com/zimbabwe-legislator-says-private-sector-has-turned-internship-into-modern-day-slavery/) - Marondera Central legislator Caston Matewu has accused the private sector of turning internship, commonly known as attachment, into modern day slavery. He told Parliament yesterday that some institutions, especially those in the tourism and hospitality sector, are now relying on interns who constitute 70% of their employees. These interns are not paid or if they
- [Is change coming to Malawi? ](https://insiderzim.com/is-change-coming-to-malawi/) - THE arrest of trade union leader, Chakufwa Chahana, on his return to his homeland, Malawi, this month has sparked off debate on the need for change in Malawi which remains the only Southern Africa that is trying to enforce a one-party rule. This time, it appears nonagenarian Life President, Hastings Kamuzu Banda, will not have
- [MMD muzzles the media ](https://insiderzim.com/mmd-muzzles-the-media/) - The new Movement for Multiparty Democracy (MMD) government has broken election promises to uphold freedom of the press through its numerous attempts to muzzle the local media. After barely four months in office, the MMD government appears to be ignoring the constitutional provision to uphold a free and independent press. Last month, during on-going parliamentary
- [Lonrho down but not out](https://insiderzim.com/lonrho-down-but-not-out/) - While there is a lot of talk about Tiny Rowland’s Lonrho empire crumbling, the man who made his fortunes from a car franchise, farming and mining operations in the then Rhodesia is not yet completely down. One of Lonrho’s subsidiaries is reported to be a strong contender for the R50 million tender to print Namibia’s
- [Whites vote yes, but democracy still a long way](https://insiderzim.com/whites-vote-yes-but-democracy-still-a-long-way/) - SOUTH African church leaders have welcomed the result of the whites-only referendum which received a 69 percent “yes” vote enabling President F.W de Klerk to continue negotiations with parties representing the black majority but have warned that democracy in that country is still a long way off. South African Council of Churches general secretary, Rev.
- [ANC wives stranded](https://insiderzim.com/anc-wives-stranded/) - A FOUR-WAY row has erupted in Lusaka over the attempts by more than 200 Zambian women married to African National Congress cadres to join their husbands in South Africa. The women are at loggerheads with the Zambian government, the ANC and the United Nations High Commission for Refugees over what they say is denial of
- [Corruption scandals rock Botswana](https://insiderzim.com/corruption-scandals-rock-botswana/) - BOTSWANA’s reputation as a democratic, corruption-free country has been shattered by recent scandals which forced three ministers, including the Vice-President, to step down. Even President Ketumile Masire conceded in a newspaper interview that Botswana’s image had been soiled. But he said there were no plans to call early elections despite the fall from grace of
- [Frauds-insights](https://insiderzim.com/frauds-insights/) - COMPUTER fraud has shown obvious appeal. Experts say only one out of 22 000 computer criminals is sent to prison. They estimate that only one percent of all computer crime is detected, only 14 percent of that is reported, and only three percent of those cases ever results in jail sentences. The average dollar amount
- [ZBC broke?](https://insiderzim.com/zbc-broke-3/) - THE Zimbabwe Broadcasting Corporation, which was given a grant of $9.85 million to cover some of its losses and to help run Television Two and Radio Four, seems to be having cash-flow problems. The next grant, if ever granted, is only due in three months. Reports say the parastatal which should be making profit as
- [Let them marry](https://insiderzim.com/let-them-marry/) - THE recent admission by Catholic Bishop Eamonn Casey of Ireland that he fathered a child with an American woman, for which he paid the princely sum of one hundred thousand pounds (about $930 000) as “maintenance” has raised questions as to the sanctity of the priests’ vow of celibacy and chastity. Debate is now raging
- [Money in Codesa](https://insiderzim.com/money-in-codesa/) - TALKS on constitutional reform in South Africa, now code-named Codesa, may be deadlocked but meetings still have to carry on and that means good business for those who have to accommodate and feed the delegates. A confidential report says Codesa talks are costing the South African taxpayers about R3 million a month. It says the
- [Honeymoon is over in Zambia?](https://insiderzim.com/honeymoon-is-over-in-zambia/) - AGITATING for change and ousting so-called undemocratic regimes may be easy but ensuring that the so-called democratic forces will indeed be democratic and bring about the needed change is something else. This is the bitter lesson Zambians are learning as the Movement for Multiparty Democracy, their saviour nine months ago, is not only failing to
- [Calls for democracy in Swaziland grow louder](https://insiderzim.com/calls-for-democracy-in-swaziland-grow-louder/) - SWAZILAND, ruled as an absolute monarch, may soon be following the tide that is sweeping across Southern Africa as demands for democracy grow bolder and opposition political leaders come out of their closets. The country, which gained independence in 1968, has had no political parties since 1973 when the ruler, King Sobuza, banned all political
- [US embassy in Harare paid its staff in cash for 10 years without approval from Washington](https://insiderzim.com/us-embassy-in-harare-paid-its-staff-in-cash-for-10-years-without-approval-from-washington/) - The United States embassy in Harare has been paying its locally employed staff in cash in United States dollars since 2015 without the required authorisation from the Treasury Department in Washington, a report by the Office of the Inspector General in the State Department says. The report, released this month, says the embassy paid its
- [Are you one of the motorists on the police wanted list?](https://insiderzim.com/are-you-one-of-the-motorists-on-the-police-wanted-list/) - The Zimbabwe Republic Police has released a list of 290 motorists who are wanted for violating traffic lights regulations in Harare. The motorists have been asked to report to Mkushi Academy, formerly Morris Depot, within seven days. Below are the wanted motorists: Continued next page Continued next page
- [50 000 drop out of school](https://insiderzim.com/50-000-drop-out-of-school/) - Nearly 50 000 pupils dropped out of school last year with more than two-thirds dropping out of secondary school, Deputy Education Minister Angeline Gata says. She said 15 809 dropped out of primary school with Mashonaland Central recording the highest figure of 3 052 while Bulawayo had the lowest at 285. More than double that
- [The poverty in Zimbabwe today is unacceptable because God blessed the country with a lot of natural resources](https://insiderzim.com/the-poverty-in-zimbabwe-today-is-unacceptable-because-god-blessed-the-country-with-a-lot-of-natural-resources/) - Hwange Central legislator Daniel Molokerla-Tsiye says the poverty in Zimbabwe today is unacceptable because God blessed the country with a lot of natural resources. “We cannot continue to remain poor while foreigners come and mine our wealth and leave us poor,” the legislator said in his contribution to the debate on introducing a law to
- [Why Zimbabwe is banning the importation of vehicles older than 10 years](https://insiderzim.com/why-zimbabwe-is-banning-the-importation-of-vehicles-older-than-10-years/) - Zimbabwe is banning the importation of vehicles older than 10 years to protect and revive its car manufacturing industry which has been decimated by the importation of cheaper used cars.. Industry and Commerce Minister Nqozitha Ndlovu said that the motor industry sold aout 20 000 vehicles a year and employed more than 70 000 in
- [Zimbabwe Speaker says Parliament cannot debate issues raised on social media](https://insiderzim.com/zimbabwe-speaker-says-parliament-cannot-debate-issues-raised-on-social-media/) - Zimbabwe Speaker of Parliament Jacob Mudenda says Parliament cannot debate issues raised on social media unless they are verified. He said this following questions about the country’s state of health after Youth Minister Tino Machakaire appealed to President Mnangagwa on his X handle to intervene on the appalling health situation in the country. Deputy Health
- [Only 10 ministers send apologies not to attend Question Time](https://insiderzim.com/only-10-ministers-send-apologies-not-to-attend-question-time/) - Only 10 ministers and their deputies as well as the country’s two Vice-Presidents sent apologies not to attend question time in Parliament yesterday. This was probably the lowest figure so far this year. Those who sent apologies were: Hon. Gen. Rtd. Dr. C.D.G.N. Chiwenga, Vice President; Hon. Col. Rtd. K.C.D. Mohadi, Vice President; Hon. T.
- [Parliament debates motion to make it mandatory for companies to contribute to community ownership schemes](https://insiderzim.com/parliament-debates-motion-to-make-it-mandatory-for-companies-to-contribute-to-community-ownership-schemes/) - Parliament is currently debating a motion to establish an act that will make it mandatory for companies to contribute to community ownership schemes that will enable communities to chart development of their areas. The motion was introduced by opposition legislator Clifford Hlatywayo who proposed that companies make a mandatory contribution of at least 5% towards
- [Zimbabwe has the most expensive sugar in Africa. Here is why.](https://insiderzim.com/zimbabwe-has-the-most-expensive-sugar-in-africa-here-is-why/) - Zimbabwe has the most expensive sugar on the continent but it cannot totally ban cheaper imports to protect the local industry because of its commitment to open markets, Industry and Commerce Minister Nqobizitha Ndlovu says. He says the sugar in the country is expensive because the country has only one miller but more importantly production
- [Does it pay to be Shona and ZANU-PF in Zimbabwe?](https://insiderzim.com/does-it-pay-to-be-shona-and-zanu-pf-in-zimbabwe/) - Yes. This is what a Ndebele University of Zimbabwe lecturer argued some 33 years ago. Mthandazo Ndema Ngwenya argued that the attitude of ZANU-PF and their actual declarations were to the effect that it pays to join ZANU-PF. “They did not say it pays to be Shona as that would be unacceptable, in bad taste
- [Views of a Ndebele](https://insiderzim.com/views-of-a-ndebele/) - TWELVE years of Zimbabwe’s independence have witnessed the progressive marginalisation and domination of the Ndebele people by the majority dominant Shona groups. From 1980 to 1987, this process of domination and marginalisation had the grand and convenient excuse, namely that the Ndebele people had allegedly denied themselves an effective and comprehensive participation in the national
- [Campaign Budget](https://insiderzim.com/campaign-budget/) - IN what has been described largely as a campaign budget aimed at boosting the fortunes of the ruling Chama Cha Mapinduzi as the country heads towards a multi-party system, Tanzania’s 1992-93 budget presented last month saw the reduction of various taxes, increases in salaries of civil servants and plans to trim the civil service. Tanzania,
- [Peace prospects in Mozambique brighter](https://insiderzim.com/peace-prospects-in-mozambique-brighter/) - PROSPECTS for peace in Mozambique are getting brighter by the day as it is increasingly becoming evident that neither the FRELIMO government nor the rebel RENAMO movement can win control of the entire country. FRELIMO seems to be only in control in the major cities of Maputo and Beira and the only other safe areas
- [Zimbabwe has no shortage of money. The problem is mismanagement of that money- MP says](https://insiderzim.com/zimbabwe-has-no-shortage-of-money-the-problem-is-mismanagement-of-that-money-mp-says/) - Kadoma Central legislator Gift Mambipiri says there is no shortage of money in Zimbabwe but the problem is mismanagement of that money. Speaking during the debate on the proposed introduction of an Act on share ownership schemes,Mambipiri said he was opposed to the idea because developmental programmes in Zimbabwe were not progressing because the country
- [Six reasons why Zimbabwe needs a law on community ownership schemes](https://insiderzim.com/six-reasons-why-zimbabwe-needs-a-law-on-community-ownership-schemes/) - Mashonaland West proportional representation legislator Mutsa Murombedzi has given six reasons why the law to introduce community ownership schemes should be welcomed. “It ensures that the wealth derived from Zimbabwean soil benefits Zimbabweans first and foremost,” she said in her contribution to the debate on the proposed Act yesterday.. “The people of Zimbabwe have waited
- [NP, IFP build bases](https://insiderzim.com/np-ifp-build-bases/) - THE ruling National Party (NP) of South Africa and the Zulu-based Inkatha Freedom Party (IFP) seem to have taken advantage of the break in the Codesa talks to develop their small parties into truly national parties. The Inkatha Freedom Party seems to have centred its recruitment on whites so that it can claim to be
- [Angola sets bad example](https://insiderzim.com/angola-sets-bad-example/) - The return of peace to Angola, when the two warring parties, the ruling MPLA and the opposition UNITA, signed a ceasefire agreeing to internationally supervised general elections, was hailed as a breakthrough for Africa where a number of civil wars are taking place. The refusal, however, by UNITA leader, Jonas Savimbi, to accept the election
- [Malawi: the odd one out?](https://insiderzim.com/malawi-the-odd-one-out/) - WHILE most one-party administrations in Africa are crumbling, President Hastings Kamuzu Banda of Malawi still insists that the multi-party system is unsuitable for his country and will cause corruption and strife. As such there is no question of introducing it in his country. This is increasingly isolating the land-locked country since almost all the governments
- [Mandela ill? ](https://insiderzim.com/mandela-ill/) - AFRICAN National Congress leader, Nelson Mandela is reported to be ill and is likely to get treatment during one of his trips abroad. ANC officials are, however, denying this but Mandela is reported to be under a lot of strain. He is reported to be not sleeping well and is persisting on taking a heavy
- [Glimmer of hope for octogenarian plot holders from Mutasa](https://insiderzim.com/glimmer-of-hope-for-octogenarian-plot-holders-from-mutasa/) - There is now a glimmer of hope for the octogenarian plot holders from Irene Farm in Mutasa district who are facing threat of eviction if they fail to pay a developer who is demanding hefty fees from them to obtain title deeds for plots that they bought at independence in 1980. The plot holders were
- [Zimbabwe moves 10 notches up on the world press freedom index](https://insiderzim.com/zimbabwe-moves-10-notches-up-on-the-world-press-freedom-index/) - Zimbabwe has moved 10 notches up on the world press freedom index from 116 last year to 106 this year, according to the 2025 index compiled by Reporters Without Borders. It says one journalist, Watson Munyaka, has so far been killed on duty this year. Munyaka was based in Marondera and wrote for Dug Up,
- [Even Mugabe was corrupt, and so was Ian Smith](https://insiderzim.com/even-mugabe-was-corrupt-and-so-was-ian-smith/) - People must not talk ill about the dead.Tradition says so. But we are not talking about the dead. We are talking about what happened 33 years ago when The Insider published this story. President Robert Mugabe had been in power for only 12 years, the first seven as Prime Minister. He was to stay in
- [Diplomatic bungling](https://insiderzim.com/diplomatic-bungling-2/) - IT APPEARS all is not well at Zimbabwe’s High Commission in London. Reports say the government may be forced to retire the country’s High Commissioner there, Stephen Chiketa, because of the endless conflicts he is having with the staff. The only thing that seems to have made him last this long, sources say, is his
- [Corruption is rife in CMED -Committee calls for the entire overhaul of the department ](https://insiderzim.com/corruption-is-rife-in-cmed-committee-calls-for-the-entire-overhaul-of-the-department/) - CORRUPTION within the Central Mechanical and Equipment Department (CMED) is so rife that its entire security system should be dismantled and reorganised under the auspices of a very senior police officer, a parliamentary committee on technical ministers has recommended. The committee discovered that because of this corruption some of the junior officers had become so
- [Business interests take upper hand](https://insiderzim.com/business-interests-take-upper-hand-2/) - ZIMBABWE’s commercial interests are increasingly taking the upper hand over ideological ones. The country which once refused to recognise South Korea or Taiwan recently entertained a South Korean trade delegation which is reported to have secured export orders worth $10 million and conducted some market research for Korean companies. The South Korean delegation laid the
- [Where does Zimbabwe stand? ](https://insiderzim.com/where-does-zimbabwe-stand-2/) - ZIMBABWE is slowly plunging into deeper debt as it implements the World Bank and IMF sponsored Economic Structural Adjustment Programme, which it claims is homemade. Minister of State for Finance, Tichaendepi Masaya, told Parliament last month that the country’s debt burden was not that bad but did not give the current figures. He, however, said
- [Africa being exported to death – economists says](https://insiderzim.com/africa-being-exported-to-death-economists-says/) - THE EXPORT-led strategy African governments (including Zimbabwe) have been obliged to adopt by the World Bank, quite simply has not worked, does not work, and cannot work, says Susan George, an expert on Third Word development, in her book: Short-changed: Africa and World Trade. “Repeated reports emanating from Washington announcing light at the end of
- [ESAP, religion or hardship ](https://insiderzim.com/esap-religion-or-hardship/) - ESAP, with its various interpretations ranging from Eternal Suffering for the African People to Enormous State Approved Poverty is now here to stay. Its effects are beginning to bite almost everyone. One sector, though, seems to be thriving from the hardship the people are facing, and that is religion. Almost every empty space that can
- [AIDS: Thousands affected but the disease is still not being taken seriously](https://insiderzim.com/aids-thousands-affected-but-the-disease-is-still-not-being-taken-seriously-2/) - DECEMBER has always been considered a month of rejoicing. It has the almost universal Christmas which, though Christian, has become so commercialised that even the non-christians celebrate it somehow, especially by buying some presents for loved ones or business associates. Yet December 1 is a world-wide day of mourning. As AIDS day, it has united
- [25 filing cabinets of Zipra documents lost](https://insiderzim.com/25-filing-cabinets-of-zipra-documents-lost-2/) - Twenty-five filing cabinets and 20 steel trunks containing ZIPRA documents went missing when leaders of the former ZAPU military wing were arrested soon after the discovery of huge arms caches at properties owned by that party just two years after independence. Most of the properties which included farms, garages, hotels and highrise buildings were at
- [Taxpayers not happy with drought levy](https://insiderzim.com/taxpayers-not-happy-with-drought-levy-2/) - Zimbabwe’s tax payers are disgruntled with the 10 percent drought relief levy that was introduced last month. This is, however, not because they do not want to help their less privileged countrymen but because their relatives are discriminated against when it comes to food distribution. They are also worried that the money may not be
- [Developers worried about phones](https://insiderzim.com/developers-worried-about-phones-2/) - PROPERTY developers are now concerned that the shortage of telephone lines will adversely affect the lettability of new premises because chances of getting a telephone installed within a year, in some areas like Harare, are now considered virtually non-existent, according to the National Property Association. The NPA says the country has 94 telephone exchanges with
- [Getting close to the President to appear untouchable is not new](https://insiderzim.com/getting-close-to-the-president-to-appear-untouchable-is-not-new/) - Cases of corrupt business people getting close to the Head of State to give an impression that one is untouchable are not new. Some 33 years ago, The Insider, reported on the Lorac scandal which implicated the respected former First Lady Sally Mugabe. The scandal named former President Canaan Banana but was too scared to
- [Tough year for The Insider](https://insiderzim.com/tough-year-for-the-insider-2/) - Having been slapped with our first, and so far only, lawsuit towards the end of last year, 1992 was a very tough year for The Insider. Production costs went up by more that 70 percent between December and January forcing us to suspend printing of the paper with effect from March. The high production costs
- [Nkomo, Smith also named in BCCI Report](https://insiderzim.com/nkomo-smith-also-named-in-bcci-report-2/) - VICE –PRESIDENT Joshua Nkomo and former Rhodesian Prime Minister Ian Smith have been named in the Bank of Credit and Commerce International report published in October by the United States Congress after a four-year investigation into the activities of the now defunct BCCI. Nkomo is reported to have been paid money in return for political
- [More flak for World Bank, IMF but this time from another Development Bank](https://insiderzim.com/more-flak-for-world-bank-imf-but-this-time-from-another-development-bank-2/) - The World Bank and the International Monetary Fund, which have come under increasing attacks from pro-Third World economists and organisations have been criticised again but this time by a European development Bank. The German development bank, Kreditanstalt fur Wiederaufbau (KFW) says that the bank and the fund’s publications on ESAP in third world countries are
- [South Africa urged to consider amnesty](https://insiderzim.com/south-africa-urged-to-consider-amnesty/) - SOUTH AFRICA should take an honest and painful look at human rights abuses in the country during the past 50 years if it wants to enhance its chances of transforming itself into a united, democratic and non-racial country with justice and security for all citizens. If it decides that crimes of apartheid should go unacknowledged
- [Zambia goes for privatisation](https://insiderzim.com/zambia-goes-for-privatisation/) - ZAMBIA is reported to be trying to sell one of its biggest parastatals, the Zambia Consolidated Copper Mines (ZCCM), in which it has a 60.3 percent shareholding. This will be one of the biggest sell-offs if it gets off the ground. Anglo-American Corporation is said to be the main contender and unions, to which President
- [Study or time wasting?](https://insiderzim.com/study-or-time-wasting-2/) - REPORTS that the French government is to finance an $8 million feasibility study of the Bulawayo-Zambezi water pipeline seem to be just another indication of how inefficient and undecided our government is, or how much donors can dictate to the State what is should do. Just 10 years ago, an Italian company, Geoconsult, carried out
- [1992: a wasted year!!](https://insiderzim.com/1992-a-wasted-year-2/) - The year just ended will go down as one of the worst in this country’s history. Nothing moved. The economy, agriculture and politics were all stagnant if not declining. The only things that went up were on the negative side. These included prices, inflation and the number of people affected by Aids. At the beginning
- [Bishop Nehemiah Mutendi ‘s powerful Easter Sunday sermon](https://insiderzim.com/bishop-nehemiah-mutendi-s-powerful-easter-sunday-sermon/) - Zion Christian Church leader Bishop Nehemiah Muitendi delivered a powerful, thought provoking sermon on Easter Sunday in which he said the resurrection of Christ should also be the resurrection of Zimbabwe. He called for peace and unity saying unity should not just be slogan,it should be our strength. “To the military; your strength must defend
- [Auxillia Mnangagwa to be questioned about Zimbabwe journalist’s detention](https://insiderzim.com/auxillia-mnangagwa-to-be-questioned-about-zimbabwe-journalists-detention/) - Zimbabwe First Lady Auxillian Mnangagwa will be questioned about the continued detention of journalist Blessed Mhlanga when she visits London in June, a British peer Lord Aotes said in the House of Lords yesterday. He said the British government must also make it clear that there will be no resumption of normal relations with Zimbabwe
- [Former US ambassador to Zimbabwe says Mnangagwa’s decision to lift tariffs on US products is a fatal blow to opposition](https://insiderzim.com/former-us-ambassador-to-zimbabwe-says-mnangagwas-decision-to-lift-tariffs-on-us-products-is-a-fatal-blow-to-opposition/) - Former United States ambassador to Zimbabwe, Charles Ray, says the decision by Zimbabwe President Emmerson Mnangagwa to lift tariffs on US products to Zimbabwe is a fatal blow to the opposition because it makes it more difficult for the opposition to solicit material support from Washington to end the Mnangagwa regime. In an opinion piece
- [Is Zimbabwe heading in the wrong direction?](https://insiderzim.com/is-zimbabwe-heading-in-the-wrong-direction/) - Dollarisation of revenue in Zimbabwe increased by 7 percentage points last year when it should have been decreasing, according to the latest survey by the Confederation of Zimbabwe Industries. Zimbabwe introduced a new currency, the Zimbabwe Gold (ZiG), in April last year as part of its efforts to dedollarise by the year 2030. At the
- [US looking forward to reinforcing business and commercial ties with Zimbabwe](https://insiderzim.com/us-looking-forward-to-reinforcing-business-and-commercial-ties-with-zimbabwe/) - United States Secretary of State Marco Rubio today said the United States is looking forward to reinforcing business and commercial ties with Zimbabwe. In a message to mark Zimbabwe’s 45th independence celebrations today, Rubio said through rule of law and respect for fundamental freedoms the two countries can create better opportunities for their people to
- [Real test for ZiG begins](https://insiderzim.com/real-test-for-zig-begins/) - The real test for Zimbabwe’s currency, the Zimbabwe Gold(ZiG), has now begun after the government removed exchange controls allowing business to charge prices above the official exchange rate. Although the central bank argued that the market was determining the exchange rate, Statutory Instrument 81A of 2024 laid down penalties for businesses that priced their goods
- [Octogenarian plotholders from Mutasa given 30 days to pay up or else](https://insiderzim.com/octogenarian-plotholders-from-mutasa-given-30-days-to-pay-up-or-else/) - A group of plotholders at Irene Farm outside Mutare, but under Mutasa District, have been given 30 days to pay up their arrears or face unspecified action from the land developer who is asking hefty fees to process title deeds for the plots which some of them bought at independence in 1980. The group of
- [Think life in Zimbabwe is the worst on earth! Take a look](https://insiderzim.com/think-life-in-zimbabwe-is-the-worst-on-earth-take-a-look/) - Life may be tough for most Zimbabweans but in terms of income, Zimbabwe is better off than at least 17 other countries, according to data compiled by Visual Capitalist. The data, collected from 108 countries, comparing the daily incomes of the richest 10% and the poorest 10%, shows that Zimbabwe is better off than at
- [Zimbabwe GDP has grown from $16 billion under Mugabe to $50 billion under Mnangagwa but what do we have to show for this?](https://insiderzim.com/zimbabwe-gdp-has-grown-from-16-billion-under-mugabe-to-50-billion-under-mnangagwa-but-what-do-we-have-to-show-for-this/) - I have always been fascinated by Joseph Hanlon’s book on Mozambique entitled: Do bicycles equal development in Mozambique. It is about whether ordinary Mozambicans are benefitting from the country’s gross domestic product growth which at one time averaged 10% a year for 10 years or so yet the ordinary Mozambican had nothing to show for
- [Murwira says brick moulding is a reserved sector for Zimbabweans but is this true?](https://insiderzim.com/murwira-says-brick-moulding-is-a-reserved-sector-for-zimbabweans-but-is-this-true/) - Zimbabwe Foreign Affairs and International Trade Minister Amon Murwira yesterday said brick moulding is a sector reserved for Zimbabweans. Any foreigners who are engaged in this business are thieves. He said this in response to a question from Senator Irene Zindi who wanted to know why foreigners were being allowed to go into businesses like
- [Why are Chinese companies being allowed to fire Zimbabweans and hiring unskilled Chinese?](https://insiderzim.com/why-are-chinese-companies-being-allowed-to-fire-zimbabweans-and-hiring-unskilled-chinese/) - Kwekwe legislator Judith Tobaiwa has asked why Zimbabwe is allowing Chinese companies to flout local labour laws by, for example, firing Zimbabwean workers and replacing them with unskilled Chinese labourers. She raised the issue as a point of national interest in the National Assembly yesterday. Tobaiwa gave the example of ZIMASCO, once the country’s biggest
- [Zimbabwe goods to attract 18% tariffs as US introduces measures to curb trade deficit](https://insiderzim.com/zimbabwe-goods-to-attract-18-tariffs-as-us-introduces-measures-to-curb-trade-deficit/) - The United States yesterday introduced “reciprocal trade and tariffs” to reduce its trade deficit which it says amounted to US$1.2 trillion last year. Zimbabwe tariffs were set at 18%, significantly lower than other Southern African countries like Lesotho which stood at 50%; Madagascar, 47%; Mauritius, 40%; Botswana, 38%; Angola, 32% and South Africa, 31%. The
- [Minister admits Zimbabwe does not have resources to drill 35 000 boreholes by 2030](https://insiderzim.com/minister-admits-zimbabwe-does-not-have-resources-to-drill-35-000-boreholes-by-2030/) - Lands and Agriculture Minister Anxious Masuka admitted in Parliament yesterday that the government did not have resources to drill 35 000 boreholes, that is, one for each village, by the year 2030. He had been asked by Thokozani Khupe how many boreholes the government had so far drilled out of the 35 000 it promised.
- [Ministers who sent apologies not to attend question time](https://insiderzim.com/ministers-who-sent-apologies-not-to-attend-question-time/) - The number of government ministers and their deputies who sent apologies not to attend question time in Parliament today dropped by one to 13. They were: Hon. Gen. Rtd. Dr. C. D. G. N. Chiwenga, Vice President; Hon. Col. Rtd. K. C. D. Mohadi, Vice President; Hon. T. Machakaire, Minister of Youth Empowerment, Development and
- [Bishop Mutendi calls for peace, says women should spearhead the initiative](https://insiderzim.com/bishop-mutendi-calls-for-peace-says-women-should-spearhead-the-initiative/) - Zion Christian Church leader Bishop Nehemiah Mutendi today called for peace in Zimbabwe and said women should spearhead the peace because they have always been peacekeepers, peacemakers, peace nurturers and preservers. He said this in his live broadcast on both Youtube and Facebook to his congregants across the world. Wednesday is women’s day for the
- [Mthuli Ncube told he is negotiating compensation with the wrong white farmers ](https://insiderzim.com/mthuli-ncube-told-he-is-negotiating-compensation-with-the-wrong-white-farmers/) - Zimbabwe Finance Minister Mthuli Ncube who signed a US$3.5 billion compensation deal with former white farmers whose land was taken during the land reform programme is negotiating with the wrong farmers, Parliament was told yesterday. Mutare Central legislator Brian Lesley James asked Ncube whether he was aware that the people that he was negotiating with
- [Only 14 ministers send apologies](https://insiderzim.com/only-14-ministers-send-apologies/) - Only 14 ministers and their deputies sent apologies not to attend Parliament’s question time today. This is one more minister than the 13 that sent their apologies last week. Those who sent apologies were: Hon. Gen. Rtd. Dr. C.D.G.N. Chiwenga, Vice President; Hon. Col. Rtd. K.C.D. Mohadi, Vice President; Hon. T. Machakaire, Minister of Youth
- [Parliament plans farewell party for Coventry](https://insiderzim.com/parliament-plans-farewell-party-for-coventry/) - Zimbabwe African National Union-Patriotic Front chief whip Pupurayi Togarepi has proposed a farewell party for former Sports minister Kirsty Coventry who was recently elected president of the International Olympic Committee. Coventry was elected IOCpresident this month and assumes her post in June. She was removed from cabinet yesterday and was replaced by former army commander
- [Zimbabwe army chief appointed Sports minister replacing new IOC boss](https://insiderzim.com/zimbabwe-army-chief-appointed-sports-minister-replacing-new-ioc-boss/) - Zimbabwe’s army commander Anselem Nhamo Sanyatwe has been appointed new Sports minister replacing Kirsty Coventry who was recently elected International Olympic Committee president. Coventry will take up her post in June but was relieved of her post today. She had already indicated that she would be stepping down. Sanyatwe was commander of the Presidential Guard
- [Why is Zimbabwe harassing the small money-changers when it has a list of big fish with offshore accounts?](https://insiderzim.com/why-is-zimbabwe-harassing-the-small-money-changers-when-it-has-a-list-of-big-fish-with-offshore-accounts/) - Zimbabwe authorities must think that the population is daft. Following the panic over the exchange rate between the bond note and the United States dollar a week ago during which the bond note plummeted to 2:1, police clamped down on the illegal money changers. It was not clear who the authorities wanted to impress or
- [ZiG’s problem is the people. They have no confidence in the currency but it is here to stay](https://insiderzim.com/zigs-problem-is-the-people-they-have-no-confidence-in-the-currency-but-it-is-here-to-stay/) - Zimbabwe’s currency, the Zimbabwe Gold, has stabilised over the past six months but people are preferring to use the United States dollar because they have no confidence in the local currency but it is here to stay. Responding to questions in Parliament yesterday, Justice Minister Ziyambi Ziyambi, who is Leader of Government Business in Parliament,
- [Drastic improvement as only 13 ministers send apologies for failing to attend question time](https://insiderzim.com/drastic-improvement-as-only-13-ministers-send-apologies-for-failing-to-attend-question-time/) - There was a drastic improvement in the presence of ministers in Parliament for question time as only 13 sent apologies. This was five less than the 18 that gave apologies at the last sitting. Zimbabwe has more than 50 ministers, provincial ministers and deputy ministers. Legislators have always questioned why so many ministers were not
- [New Zimbabwe driving licence classes](https://insiderzim.com/new-zimbabwe-driving-licence-classes/) - Zimbabwe has replaced the old-class based driving licence system with a more comprehensive categorisation to comply with Southern African Development Community requirements and international best practices. The categorisation is as follows: A – Motor cycles A1 – Small motor cycles (up to 125 cc) B1 – Quadricycles (quad bikes, motorised tricycles); B – Light motor
- [Chitepo’s bodyguard still alive 50 years after bomb blast that killed his boss](https://insiderzim.com/chitepos-bodyguard-still-alive-50-years-after-bomb-blast-that-killed-his-boss/) - One of the late Zimbabwe African National Union national chairman Herbert Chitepo’s bodyguards, Benson Nicodemus Kadzinga, whose chimurenga name was Sadat Kafumazuva, is still alive, 50 years after the bomb blast that killed his boss. Kadzinga was given a standing ovation in Parliament yesterday and was acknowledged by Webster Shamu who paid tribute to Chitepo,
- [How can Zimbabwe allow abortion when it has just abolished the death penalty- MP](https://insiderzim.com/how-can-zimbabwe-allow-abortion-when-it-has-just-abolished-the-death-penalty-mp/) - Zimbabwe legislator Prisca Mupfumira says it is unthinkable to discuss abortion in Zimbabwe because the country has just abolished the death penalty. Speaking in the Senate today, Mupfumira said allowing abortion would be the greatest form of injustice, hypocrisy and double standards. “To even find ourselves discussing at what point it is acceptable to terminate
- [Zimbabwe among 43 countries that could face a US travel ban](https://insiderzim.com/zimbabwe-among-43-countries-that-could-face-a-us-travel-ban/) - Zimbabwe has been named one of the 43 countries that could face a travel ban from the United States, but it is in the third, much safer, category which has 22 countries. According to the New York Times, Zimbabwe is in the “yellow” category in which, once listed, countries have 60 days to clear up
- [Taxed to death- 49 taxes that Zimbabweans pay](https://insiderzim.com/taxed-to-death-49-taxes-that-zimbabweans-pay/) - Zimbabweans are among the most taxed people in the World. According to fact-checking organisation, Zimfact, Zimbabweans pay nearly 50 taxes in one form or another. Finance Minister Mthuli Ncube says he is reviewing some of the country’s taxes during the next six months to enhance ease of doing business and make the country more investor-friendly.
- [Men should have more sex and eat beetroot to prevent prostate cancer- Woman legislator says](https://insiderzim.com/men-should-have-more-sex-and-eat-beetroot-to-prevent-prostate-cancer-woman-legislator-says/) - It is now six months since a video clip of Mashonaland Central legislator Dorothy Mashonganyika went viral after she told Parliament that men should have more sex and eat beetroot to prevent prostate cancer. A local fact-checking organisation rubbished her claim saying it is false. Parliament’s website was down at the time and only came
- [Zimbabwe to introduce engineering schools from ECD to Form Six?](https://insiderzim.com/zimbabwe-to-introduce-engineering-schools-from-ecd-to-form-six/) - Zimbabwe’s education is not declining at all but is on the rise, Primary and Secondary Education Minister Tonderai Moyo says. Responding to a question from Senator Sengezo Tshabangu who said the country’s education system was dilapidated with the pass rate at Grade 7 being only 29%, Moyo said the pass rate at Grade 7 was
- [Zimbabwe ranked sixth most visited tourist destination in Africa in 2024](https://insiderzim.com/zimbabwe-ranked-sixth-most-visited-tourist-destination-in-africa-in-2024/) - Zimbabwe was ranked the sixth most visited tourist destination in Africa in 2024, two notches below the Southern African regional powerhouse, South Africa, according to AfricaFactsZone. Zimbabwe, which has been under United States sanctions for the past two decades, is facing a plethora of economic challenges, but its economy is expected to grow by 6%
- [UK embassy official attended Zimbabwe journalist bail application](https://insiderzim.com/uk-embassy-official-attended-zimbabwe-journalist-bail-application/) - The United Kingdom is monitoring the arrest and detention of Zimbabwe journalist Blessed Mhlanga and an official from its embassy in Harare attended Mhlanga’s bail application hearing on 28 February. This was said yesterday Lord Collins of Highbury, Parliamentary under-secretary in the Foreign, Commonwealth and Development Office after Lord Oates had asked what assessment the
- [Paying US$30 for a car radio licence is like donating a goat to the ZBC every term, says MP](https://insiderzim.com/paying-us30-for-a-car-radio-licence-is-like-donating-a-goat-to-the-zbc-every-term-says-mp/) - Kadoma legislator Gift Mambipiri says US$30 for a car radio licence per term is too much. It is like buying a goat and donating it to the Zimbabwe Broadcasting Corporation every term. Speaking during the debate on the new law that seeks to make it compulsory for motorists to buy their radio licence when they
- [What the Zimbabwe Catholic bishops said about Mnangagwa’s third term, corruption and inequality](https://insiderzim.com/what-the-zimbabwe-catholic-bishops-said-about-mnangagwas-third-term-corruption-and-inequality/) - Zimbabwe President Emmerson Mnangagwa’s spokesman George Charamba has rubbished the latest pastoral letter from the Zimbabwe Catholic Bishops’ Conference which called on the government to focus on things that matter like combating corruption and addressing inequality rather than on distractions like the “third term”. Charamba said the issue of the third term under which the
- [Tying ZBC licence to car licence is like being infected with HIV - MP says](https://insiderzim.com/tying-zbc-licence-to-car-licence-is-like-being-infected-with-hiv-mp-says/) - Matabeleland South legislator Sibongile Maphosa says passing a new law making it compulsory for motorists to pay their radio licences when they renew their car licences is like being infected with HIV. Contributing to the debate on the new law, Maphosa said in December 800 000 people paid for their car licences to the Zimbabwe
- [Slight improvement in attendance of ministers for question time](https://insiderzim.com/slight-improvement-in-attendance-of-ministers-for-question-time/) - There was a slight improvement in the attendance of ministers and their deputies for question time yesterday. A total of 18 ministers, deputies and vice-president filed apologies with the Speaker yesterday, an improvement from 24 who were absent last week. Speaker of Parliament Jacob Mudenda last week said he was ordering Parliament to investigate why
- [Mthuli Ncube has the worst record for failing to answer questions from MPs](https://insiderzim.com/mthuli-ncube-has-the-worst-record-for-failing-to-answer-questions-from-mps/) - Zimbabwe Finance Minister Mthuli Ncube has the worst record for not answering written questions from legislators. According to Speaker of Parliament Jacob Mudenda, Ncube has not answered 11 written questions submitted to his ministry between 16 October 2024 and 12 February this year. Mudenda said all the questions were of national interest. He had analysed
- [Zimbabwe Speaker asks Parliament to investigate ministers who consistently send apologies not to attend question time](https://insiderzim.com/zimbabwe-speaker-asks-parliament-to-investigate-ministers-who-consistently-send-apologies-not-to-attend-question-time/) - Zimbabwe Speaker of Parliament has directed the Clerk of Parliament to make a proper analysis of those ministers who have been consistently tendering apologies not to attend question time because he does not believe that they will be on national duty. He said this after 24 ministers and deputies including the two vice-presidents sent in
- [Invest in young women, they are better entrepreneurs, all male youths think of is buying a luxury car](https://insiderzim.com/invest-in-young-women-they-are-better-entrepreneurs-all-male-youths-think-of-is-buying-a-luxury-car/) - Midlands legislator Tsitsi Zhou says two-thirds of the tenders reserved for youths must be allocated to females because they are better business people and they think of their country first. Speaking during a motion on the establishment of a dedicated framework to ensure government tenders are reserved for youth-led business enterprises which is calling for
- [World Bank says Zimbabwe should stabilise prices and eliminate exchange rate distortions to boost its revenue](https://insiderzim.com/world-bank-says-zimbabwe-should-stabilise-prices-and-eliminate-exchange-rate-distortions-to-boost-its-revenue/) - Zimbabwe can significantly and swiftly boost government revenue by stabilising prices and eliminating exchange rate distortions, the World Bank says in its latest public finance review. It says its analysis shows that Zimbabwe's treasury lost over US$4.5 billion between 2020 and 2023 due to monetary distortions. Zimbabwe has been going through economic turmoil over the
- [Free parking for MPs in Harare](https://insiderzim.com/free-parking-for-mps-in-harare/) - Zimbabwe's legislators have been granted free parking for two vehicles in the Harare central business district. Speaker Jacob Mudenda said Parliament had reached an agreement with City Parking to exempt two vehicles belonging to each of the Members of Parliament. The National Assembly has 280 members and the Senate 80. The MPs will also be
- [Village heads cashing in on shortage of housing in urban areas, sell 10 000 plots but it’s all illegal](https://insiderzim.com/village-heads-cashing-in-on-shortage-of-housing-in-urban-areas-sell-10-000-plots-but-its-all-illegal/) - Village heads have sold land to more than 10 000 people after colluding with chiefs while government officials are turning a blind eye to what is essentially a chain of corruption, Parliament was told last week. The issue was raised by Makoni South legislator Albert Nyakuwezwa when he asked that the Ministry of Local Government
- [Your opportunity to write for The Insider](https://insiderzim.com/your-opportunity-to-write-for-the-insider/) - The Insider welcomes articles from its readers. It is mainly interested in opinion pieces and commentary. News tips are welcome too. Send your articles to: charlesrukuni@insiderzim.com. Or whatsapp +263779507032
- [Mnangagwa has failed dismally to meet people’s expectations](https://insiderzim.com/mnangagwa-has-failed-dismally-to-meet-peoples-expectations/) - President Emmerson Mnangagwa, who came to power with a lot of promise seven years ago, has failed dismally to meet people’s expectations, according to a survey by Afrobarometer. The survey, carried out in June last year but only released this month, says 91% say Mnangagwa has failed to deliver on jobs and 81% say he
- [Zimbabwe ministers continue to fail to turn up for Question Time in Parliament](https://insiderzim.com/zimbabwe-ministers-continue-to-fail-to-turn-up-for-question-time-in-parliament/) - Twenty ministers and their deputies, and the two vice-presidents, failed to turn up for question time this week prompting the Speaker, Jacob Mudenda, to ask acting Leader of Government Business Amon Murwira whether there was any function that they had gone to attend or whether they had gone out of the country. Murwira said some
- [Zimbabweans more worried about unemployment than food or corruption](https://insiderzim.com/zimbabweans-more-worried-about-unemployment-than-food-or-corruption/) - Zimbabweans are more worried about unemployment than food, health, education or corruption. A survey by African think-talk, Afrobarometer, in which respondents were asked: “In your opinion, what are the most important problems facing this country that the government should address?”, 45% cited unemployment. Food shortage came second at 32%, followed by health at 31%, education
- [EU Lifts sanctions on Zimbabwe Defence Industries, renews other sanctions until 20 February 2026](https://insiderzim.com/eu-lifts-sanctions-on-zimbabwe-defence-industries-renews-other-sanctions-until-20-february-2026/) - The European Union has lifted sanctions on the remaining entity, the Zimbabwe Defence industries, a state-owned arms manufacturing and procurement company which is now a pale shadow of itself because of the economic decline of the country. It has, however, maintained an arms embargo on Zimbabwe until 20 February 2026 because of the country’s human
- [It’s great to pay compensation to former white farmers but they too should compensate their former workers whom they treated like slaves](https://insiderzim.com/its-great-to-pay-compensation-to-former-white-farmers-but-they-too-should-compensate-their-former-workers-whom-they-treated-like-slaves/) - Zimbabwe opposition legislator Darlington Chigumbu says while it is good that the country is honouring its commitments by compensating former white farmers whose land was covered by the Bilateral Investment Promotion and Protection Agreements (BiPPAs), it should not be blind to the fact that these farmers treated their workers like slaves. The Budiriro legislator said
- [Mnangagwa will get more political mileage if he steps down at the end of his term](https://insiderzim.com/mnangagwa-will-get-more-political-mileage-if-he-steps-down-at-the-end-of-his-term/) - Zimbabwe President Emmerson Mnangagwa will get more political mileage if he steps down at the end of his second term in 2028. He told journalists on Monday that he will be stepping down and his party, the Zimbabwe African National Union-Patriotic Font, will choose a new leader and a new president for the country. Though
- [Does more education lead to less sex?](https://insiderzim.com/does-more-education-lead-to-less-sex/) - This is the question raised in the latest edition of the British publication, The Economist. It says sexual activity among college-age Americans has dropped by nearly half in the past 20 years,a decline that some journalists have dubbed a “sex recession”. The Economist says between 2002 and 2023, 25- to 35-year-olds with a bachelor’s degree
- [Religious organisations occupying land at will because they belong to Churches for ED](https://insiderzim.com/religious-organisations-occupying-land-at-will-because-they-belong-to-churches-for-ed/) - A Bulawayo legislator has urged the government to come up with regulations to stop unplanned land occupations by religious organisations because some of them have become difficult to remove because they claim to belong to Churches for Economic Development. Local Government Minister Daniel Garwe said his ministry was drawing up new Urban State Land Administration
- [“We are small people, who will rescue us?  80-year-old pensioner asks as land developer threatens to evict 12 from plots they bought in 1980](https://insiderzim.com/we-are-small-people-who-will-rescue-us-80-year-old-pensioner-asks-as-land-developer-threatens-to-evict-12-from-plots-they-bought-in-1980/) - A group of pensioners who bought plots at Irene Township outside Mutare in April 1980, just days before the country attained its independence, is likely to be evicted from their land by a developer who bought the remainder of the farm some 19 years later and has slapped them with hefty development fees to give
- [Does Zimbabwe have war veterans that were one-year-old when the country attained independence?](https://insiderzim.com/does-zimbabwe-have-war-veterans-that-were-one-year-old-when-the-country-attained-independence/) - Opposition legislator Susan Matsunga has called on Veterans Minister Monica Mavhunga to clean up the database of war veterans and war collaborators because there could be some people who were one-year-old at independence but are claiming to be war veterans. Mavhunga admitted that there were some very young people within the database but some of
- [The circus in the Zimbabwe Parliament](https://insiderzim.com/the-circus-in-the-zimbabwe-parliament/) - Only three ministers and seven deputy ministers attended Parliament’s Question Time on Wednesday while a total of 27 ministers and deputy ministers sent apologies. President Mnangagwa’s government has more than 50 ministers, provincial ministers and deputy ministers. Speaker of Parliament Jacob Mudenda has previously stated that he is going to take the issue of ministers
- [Your chance to write for a respected publication](https://insiderzim.com/your-chance-to-write-for-a-respected-publication/) - The Insider welcomes articles from its readers. It is mainly interested in opinion pieces and commentary. News tips are welcome too. Send your articles to: charlesrukuni@insiderzim.com. Or whatsapp +263779507032
- [IMF offers no solution to Zimbabwe’s economic woes](https://insiderzim.com/imf-offers-no-solution-to-zimbabwes-economic-woes/) - The International Monetary Fund has virtually offered no solution to Zimbabwe’s economic woes, saying it can only provide policy advice and extensive technical assistance in the areas of revenue mobilisation, expenditure control, financial supervision, debt management, economic governance, as well as macroeconomic statistics. It is currently precluded from providing financial support to Zimbabwe due to
- [If I dished out US$150 000 to every MP would ZIMRA not have the right to ask where I got the money?](https://insiderzim.com/if-i-dished-out-us150-000-to-every-mp-would-zimra-not-have-the-right-to-ask-where-i-got-the-money/) - This was the question asked by Ruwa legislator Thomas Muwodzeri but was apparently not responded to because it was not a policy question. Muwodzeri directed his question to the Minister of Finance who was not in the House and the leader of Government Business,Justice Minister Ziyambi Ziyambi just brushed off the question. “My question is
- [Zimbabwe legislator barred from asking what the government is doing about issues raised by disgruntled war veterans](https://insiderzim.com/zimbabwe-legislator-barred-from-asking-what-the-government-is-doing-about-issues-raised-by-disgruntled-war-veterans/) - Zimbabwe opposition legislator Agency Gumbo was yesterday barred from asking a question about what the government is doing about issues raised by disgruntled war veterans because it had nothing to do with the welfare of war veterans. Gumbo had asked his question as a supplementary question to one that had been asked by ZANU-PF legislator
- [Zimbabwe police release list of 17 arrested drug barons and suppliers](https://insiderzim.com/zimbabwe-police-release-list-of-17-arrested-drug-barons-and-suppliers/) - The Zimbabwe Republic Police has released a list of 17 people that were arrested between 8 February and 11 February for possession of different types of drugs ranging from crystal meth to dagga. Most of the people arrested are young people in their 30s with the youngest being 24 and the oldest 45. Police are
- [Is Zimbabwe facing a food shortage or not? Who should you believe, Government or WFP?](https://insiderzim.com/is-zimbabwe-facing-a-food-shortage-or-not-who-should-you-believe-government-or-wfp/) - The World Food Programme, a United Nations organisation, says 6 million people in Zimbabwe are expected to be food insecure between January and March. But the Zimbabwe government says current grain stocks at the Grain Marketing Board are enough to meet the needs of rural communities until the next harvest in April. Lands and Agriculture
- [Zimbabwe Parliament says ZESA should get investors to refurbish existing power plants and build new ones by end of this year](https://insiderzim.com/zimbabwe-parliament-says-zesa-should-get-investors-to-refurbish-existing-power-plants-and-build-new-ones-by-end-of-this-year/) - Zimbabwe’s Parliamentary Committee on Energy and Power Development has recommended that the Zimbabwe Electricity Supply Authority (ZESA) should attract significant investments in refurbishing existing power plants and constructing new ones by 31 December this year, 2025 to curb the current power crisis. The country is experiencing length periods of load-shedding because of inadequate supplies. The
- [Musk threat big blow for VOAs Studio 7 for Zimbabwe](https://insiderzim.com/musk-threat-big-blow-for-voas-studio-7-for-zimbabwe/) - The world’s richest Man, Elon Musk, who was appointed by United States President Donald Trump to head the Department of Government Efficiency has called for the shutting down of the propaganda radio station, Voice of America, which runs a radio station dedicated to Zimbabwe called Studio 7. Studio 7 was started in 2003, the same
- [The Insider invites contributions](https://insiderzim.com/the-insider-invites-contributions/) - The Insider is inviting opinion pieces and commentaries from individuals and experts in all fields, especially those that contribute to building a better Zimbabwe. No subject or opinion is taboo except only if it is defamatory. Those wishing to contribute should include their full names and their contact telephone numbers for cross checking any information
- [Zimbabwe warns against proliferation of “shadow banks”](https://insiderzim.com/zimbabwe-warns-against-proliferation-of-shadow-banks/) - Zimbabwe has warned against the proliferation of “shadow banks” through which companies are avoiding banking their cash but are instead using safe deposit boxes at their commercial banks or security companies to keep their money. Central bank governor John Mushayavanhu said this practice was not only a violation of the Bank Use Promotion and Suppression
- [Did you know that Zimbabwe has 300 financial institutions?](https://insiderzim.com/did-you-know-that-zimbabwe-has-300-financial-institutions/) - Zimbabwe has 300 financial institutions, 90% of which are microfinance institutions. According to the latest Monetary Policy Statement, Zimbabwe has 14 commercial banks, four building societies and one savings bank. It has 268 credit only microfinance institutions, nine deposit taking microfinance institutions and four development financial institutions. Total banking sector assets stood at ZiG161.39 billion
- [Zimbabwe starts compensating farmers whose land was protected by BIPPAs](https://insiderzim.com/zimbabwe-starts-compensating-farmers-whose-land-was-protected-by-bippas/) - Zimbabwe has started paying compensation for farms that were taken over by the government during the Land Reform Programme but were protected by Bilateral Investment Protection and Promotion Agreements (BIPPAs). The payments began in the second week of January according to a statement issued by the Ministry of Finance. A total of 94 farms were
- [Zimbabwe diaspora remittances exceed US$2 billion](https://insiderzim.com/zimbabwe-diaspora-remittances-exceed-us2-billion/) - Remittances by Zimbabweans abroad last year rose to nearly US$2.2 billion up from $1.8 billion in 2023 accounting for 16.2% of the country’s total foreign currency receipts. Exports rose from US$6.1 billion in 2023 to US$7.9 billion while funds from non-governmental organisations dropped by 2% from nearly US$1.21 billion to US$1.18 billion. Total receipts were
- [Zimbabwe reduces forex retention to 70% removes limits of forex trading](https://insiderzim.com/zimbabwe-reduces-forex-retention-to-70-removes-limits-of-forex-trading/) - Zimbabwe has reduced foreign currency retention by exporters from 75% to 70% to guarantee continued stability in the interbank foreign exchange market. The move, announced in the Reserve Bank of Zimbabwe’s Monetary Policy Statement yesterday, is also aimed at building critical foreign currency reserves needed to anchor the local currency, the ZiG. The central bank
- [Mnangagwa unstoppable](https://insiderzim.com/mnangagwa-unstoppable/) - Zimbabwe President Emmerson Mnangagwa is determined to stay in power until 2030 or even beyond and only God can stop him. President Mnangagwa has repeatedly said he is a constitutionalist, something that some people have read to mean that he will step down at the end of his current and second term to comply with
- [Zimbabwe unveils measures to curb informal sector](https://insiderzim.com/zimbabwe-unveils-measures-to-curb-informal-sector/) - Zimbabwe has introduced a raft of measures aimed at promoting formalisation of the informal sector and tax compliance by the formal sector. This follows complaints by the business sector that they are being driven out of business by the informal sector which is selling goods at a cheaper price than the formal sector. Finance Minister
- [US legislator tells Biden to stop funding gay activities in Zimbabwe](https://insiderzim.com/us-legislator-tells-biden-to-stop-funding-gay-activities-in-zimbabwe/) - United States House Foreign Affairs Committee chairman Brian Mast has told outgoing Secretary of State Antony Blinken and US Agency for International Development administrator Samantha Power to stop wasting taxpayers’ money on programmes like gay awareness in Zimbabwe. “As Chairman of the House Foreign Affairs Committee, I am concerned by the accelerated pace of proposed
- [Mnangagwa reassigns July and Edgar Moyo](https://insiderzim.com/mnangagwa-reassigns-july-and-edgar-moyo/) - Zimbabwe President Emmerson Mnangagwa today reassigned two ministers July Moyo and Edgar Moyo with the two switching portfolios. July Moyo moved to Energy and Power Development while Edgar Moyo was reassigned to Public Service, Labour and Social Welfare. July Moyo was Minister of Energy and Power Development for a year under the late President Robert
- [3 major reasons why Zimbabweans want to leave the country](https://insiderzim.com/3-major-reasons-why-zimbabweans-want-to-leave-the-country/) - More than half of the Zimbabweans who intend to leave the country are doing so to look for jobs. Between one and three million Zimbabweans are said to have left the country to look for greener pastures, most of them settling in neighbouring South Africa. A survey by Afrobarometer released last month showed that 58%
- [Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market](https://insiderzim.com/reserve-bank-of-zimbabwe-expects-more-foreign-currency-sellers-to-join-the-interbank-market/) - The gazetting into law of the payment of quarterly taxes on a 50-50 basis in ZiG and US dollars will go a long way in increasing willing sellers of foreign currency on the interbank market, the central bank says in its latest monetary policy statement. So far, most of the foreign currency has been sold
- [Zimbabwe 2025 citizens’ budget](https://insiderzim.com/zimbabwe-2025-citizens-budget/) - Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the economy to grow by 6%. It has, however, allocated only ZiG40.6 billion to capital expenditure with the balance to be used on recurrent expenditure. Below is the citizen’s budget. Continued next page Continued next page Continued next page Continued next
- [To go or not to go- Mnangagwa in a quandary](https://insiderzim.com/to-go-or-not-to-go-mnangagwa-in-a-quandary/) - Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a third term because he is a constitutionalist. But jingles on the Zimbabwe Broadcasting Corporation television seem to tell a different story. They are all in praise of Baba Mnangagwa and his achievements. Nothing to really worry about at face value,
- [ZiG loses steam, falls against US dollar for five consecutive days](https://insiderzim.com/zig-loses-steam-falls-against-us-dollar-for-five-consecutive-days/) - The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday to Friday dropping from 25.2836 last Friday to 25.2842 on Monday and down to 25.3326 today. This decline is, however, still way off a low of 28.6829 it reached on 1 November, more than a month after the local currency
- [Indian think tank says Starlink is a wolf in sheep’s clothing](https://insiderzim.com/indian-think-tank-says-starlink-is-a-wolf-in-sheeps-clothing/) - An Indian think tank has described Starlink, a satellite internet service provider which recently entered the Zimbabwean market, as a “wolf in sheep’s clothing” because its biggest customer is the American government intelligence and military. The Kutniti Foundation, a think tank based in New Delhi, says Starlink is an American military and intelligence tool whose
- [ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency](https://insiderzim.com/zig-firms-against-us-dollar-for-10-days-running-but-people-still-do-not-have-confidence-in-the-currency/) - Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10 days running from 4 November but people still do not have confidence in the local currency. Justice Minister Ziyambi Ziyambi said this is clearly demonstrated by the fact that inflation is going up when the ZiG is backed by foreign
- [Zimbabwe among the top countries with the widest gap between the rich and poor](https://insiderzim.com/zimbabwe-among-the-top-countries-with-the-widest-gap-between-the-rich-and-poor/) - Zimbabwe is among the top 30 countries in the world with the widest gap between its richest people and the poorest, according to a survey by InsiderMonkey. To determine the countries with the widest gap between rich and poor, InsiderMonkey gathered the average income share of the top 10% and bottom 50% population of countries
- [Can the ZiG sustain its rally against the US dollar?](https://insiderzim.com/can-the-zig-sustain-its-rally-against-the-us-dollar/) - Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued it from ZiG14 to ZiG25 to the United States dollar on 27 September, last week rallied against the United States dollar strengthening from 28.6829 to the greenback on 1 November to 25.5893 on Friday, 8 November. This was the most
- [Will Mnangagwa go against the trend in the region?](https://insiderzim.com/will-mnangagwa-go-against-the-trend-in-the-region/) - Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to contest a third term are not only unconstitutional but are against the trend in the region where most leaders are now serving only two terms. Mnangagwa has repeatedly stated that he will abide by the constitution and will therefore step
- [The Zimbabwe government and not saboteurs sabotaging ZiG](https://insiderzim.com/the-zimbabwe-government-and-not-saboteurs-sabotaging-zig/) - The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded tax revenues receipts since 2014, is responsible for the collapse of the local currency including the recently introduced Zimbabwe Gold (ZiG). Market analyst, John Legat of Imara Capital, says the Reserve Bank of Zimbabwe can do its utmost to rein
- [The Zimbabwe Gold will regain its value if the government does this…](https://insiderzim.com/the-zimbabwe-gold-will-regain-its-value-if-the-government-does-this/) - Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government increases the flow of hard currency to the interbank market and allows banks to sell the currency without restraint. Writing on his blog in which he warns central bank governor John Mushayavanhu that the ZiG will be doomed if he
- [Is Harare the least democratic province in Zimbabwe?](https://insiderzim.com/is-harare-the-least-democratic-province-in-zimbabwe/) - Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the country. It has the lowest number of people in favour of multi-party democracy, according to the latest survey by Afrobarometer. In the survey, carried out in June, respondents were asked: “Which of these statements is closest to your view? “Statement
- [Zimbabweans against extension of presidential term in office](https://insiderzim.com/zimbabweans-against-extension-of-presidential-term-in-office/) - Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according to a survey by Afrobarometer, an African think tank. The country’s constitution says a president must serve a maximum of two five-year terms but the ruling Zimbabwe African National Union-Patriotic Front is pushing for President Emmerson Mnangagwa to contest a
- [Zimbabwe government biggest loser when there is a discrepancy in the exchange rate](https://insiderzim.com/zimbabwe-government-biggest-loser-when-there-is-a-discrepancy-in-the-exchange-rate/) - The government is the biggest loser when there is a discrepancy between the official exchange rate and the black market rate, Deputy Finance Minister David Kuda Mnangagwa said yesterday. Responding to questions in Parliament, Mnangagwa said there was a perception that business was the biggest loser but the government, as the biggest spender in the
- [What is wrong with Zimbabwe? It’s not the economy but the government and its leadership](https://insiderzim.com/what-is-wrong-with-zimbabwe-its-not-the-economy-but-the-government-and-its-leadership/) - Zimbabwe is currently in turmoil after it devalued its five-month old currency, the Zimbabwe Gold (ZiG) by 84% last Friday. But things could get worse The Reserve Bank of Zimbabwe said it had devalued the ZiG by 44%.. Economist Eddie Cross asks: “What is wrong with us?” His answer is: “It's not our economy, that
- [Zimbabwe devalues ZiG by 44%, reduces amount people can take out from $10 000 to $2 000](https://insiderzim.com/zimbabwe-devalues-zig-by-44-reduces-amount-people-can-take-out-from-10-000-to-2-000/) - Zimbabwe today devalued its local currency, the Zimbabwe Gold (ZiG), by 44% to trade at 24.3902 against the United States dollar, down from 13.9987 yesterday. The local currency was under pressure with the retail business sector threatening to close down because the rate had become uncompetitive. The new rate is, however, still way below the
- [Can today be the turning point for the ZiG?](https://insiderzim.com/can-today-be-the-turning-point-for-the-zig/) - Today is the third quarterly payment date (QPD) for the year, the second after the introduction of Zimbabwe’s new currency, the Zimbabwe Gold (ZiG). Central Bank governor John Mushayavanhu promised that QPDs would be used to strengthen the local currency as businesses are now required to pay half their taxes in local currency, thus pushing
- [My 50 years of writing- Part Two](https://insiderzim.com/my-50-years-of-writing-part-two/) - I left The Chronicle after nine years and returned to freelancing. I started The Insider, nine months later after our plan, with other journalists including Sakake, to start a weekly along the lines of the then Weekly Mail, flopped. I funded the publication from my pension and also obtained a loan from the bank. However,
- [My 50 years of writing](https://insiderzim.com/my-50-years-of-writing/) - I have been quiet for some time. Thinking. I have been running The Insider single-handedly for 34 years. The month of August was, therefore, a time to reflect on my writing career as I turned 72. I was forced to re-examine my writing career after the country’s leading media houses- Zimbabwe Newspapers, Associated Newspapers of
- [ZiG payments now  account for 40% of transactions- 80% of government trade](https://insiderzim.com/zig-payments-now-account-for-40-of-transactions-80-of-government-trade/) - Payments in Zimbabwe’s latest currency, the Zimbabwe Gold, now account for 40% of transactions, up from 20% when the currency was introduced in April, Finance permanent secretary George Guvamatanga said yesterday. Most of the transactions are electronic. Guvamatanga said the government uses the ZiG for 80% of its trade. The ZiG has stood its ground
- [De-dollarisation the only way to go - Cross](https://insiderzim.com/de-dollarisation-the-only-way-to-go-cross/) - Zimbabwe should de-dollarise otherwise its new currency the Zimbabwe Gold will go the way other currencies Zimbabwe has tried to introduce have gone, economist Eddie Cross says. Writing on his personal blog, Cross argues that without its own currency, Zimbabwe cannot compete on the global market. By using its own currency as the sole trading
- [Zimbabwe serious about de-dollarisation](https://insiderzim.com/zimbabwe-serious-about-de-dollarisation/) - Zimbabwe has come up with a de-dollarisation roadmap which will soon be presented by Finance Minister Mthuli Ncube. This was announced after yesterday’s cabinet meeting but there were no details about when Ncube would present the roadmap. Zimbabwe is currently using a multi-currency regime which is in place until the end of 2030 but President
- [Chamisa says it is not easy to run a political party under a dictatorship - but told you are probably talking about yourself](https://insiderzim.com/chamisa-says-it-is-not-easy-to-run-a-political-party-under-a-dictatorship-but-told-you-are-probably-talking-about-yourself/) - Former Citizens Coalition for Change leader Nelson Chamisa says it is not easy to lead or run a political party under a dictatorship especially without a budget and in an environment of extreme poverty. He said this on X where he added: “It’s even worse when this is all in a context (of) massive unemployment
- [ZiG brings stability and smoothness for business operations market analysts say](https://insiderzim.com/zig-brings-stability-and-smoothness-for-business-operations-market-analysts-say/) - The Zimbabwe Gold (ZiG) has brought some stability into the market enabling some smoothness for business operations, IH Securities says in its commentary on the mid-year budget review presented on Thursday. Finance Minister Mthuli Ncube said he expected the economy to grow by 2% down from 3.5% he predicted when he presented the 2024 budget.
- [People’s version of the 2024 Zimbabwe mid-year budget review](https://insiderzim.com/peoples-version-of-the-2024-zimbabwe-mid-year-budget-review/) - Zimbabwe Finance Minister Mthuli Ncube presented his mid-year budget review on Thursday which, among other things, sought to promote the use of the country’s local currency the Zimbabwe Gold (ZiG). He said that the country’s economy will grow by only 2% down 1.5% from the previously predicted 3.5% but it is expected to bounce back
- [British minister says he knows nothing about detained CCC activists](https://insiderzim.com/british-minister-says-he-knows-nothing-about-detained-ccc-activists/) - Britain’s Minister for Justice Lord Ponsonby of Shulbrede yesterday told the House of Lords that he did not know anything about detained Citizens Coalition for Change activists who have been in custody for more than a month following their arrest in June. He was responding to a question from Lord Oates who wanted the minister
- [List of goods whose duty will be payable in ZiG from next week](https://insiderzim.com/list-of-goods-whose-duty-will-be-payable-in-zig-from-next-week/) - Finance Minister Mthuli Ncube says duty for a number of selected goods will be payable in local currency only from 1 August in a push to promote use of the Zimbabwe Gold (ZiG).. Here is the list of goods:
- [ZiG firms slightly as government announces measures to promote its use](https://insiderzim.com/zig-firms-slightly-as-government-announces-measures-to-promote-its-use/) - Zimbabwe’s currency, the Zimbabwe Gold (ZiG), firmed slightly from 13.7852 yesterday to 13.7821 after the government announced a raft of measures aimed at promoting the use of the local currency. The ZiG was introduced on 5 April and has traded at between 13.2 and 13.7 to the United States dollar. Though the currency is stable it
- [Zimbabwe blacklists 51 contractors for diverting money to the blackmarket](https://insiderzim.com/zimbabwe-blacklists-51-contractors-for-diverting-money-to-the-blackmarket/) - Zimbabwe has blacklisted 51 contractors for diverting money paid to them by the government to the blackmarket. The Ministry of Finance said it has been monitoring the contractors from 18 July 2022. Below is the list of the blacklisted contractors: Continued next page Continued next page
- [US ambassador to Zimbabwe says I did not come here to play golf](https://insiderzim.com/us-ambassador-to-zimbabwe-says-i-did-not-come-here-to-play-golf/) - United States ambassador to Zimbabwe Pamela Tremont says she did not come to Zimbabwe to play golf but to solve problems. She told the United States propaganda channel, Voice of America: “I didn’t come here to golf. I came here to solve problems. And we can’t do that without real conversation." Tremonth was confirmed US
- [Zimbabwe churches welcome Mnangagwa’s decision not to extend his term](https://insiderzim.com/zimbabwe-churches-welcome-mnangagwas-decision-not-to-extend-his-term/) - Zimbabwe’s mainline churches under their umbrella body the Zimbabwe Heads of Christian Denominations have welcomed the announcement by President Emmerson Mnangagwa that he will be stepping down at the end of his second term in 2028 saying that by publicly committing not to extend his presidency beyond the legal limits, the President has taken a
- [Fights within ZANU-PF, sign of a weak opposition](https://insiderzim.com/fights-within-zanu-pf-sign-of-a-weak-opposition/) - The ruling Zimbabwe African National Union-Patriotic Front is now dominating the headlines in both private media and online publications which normally focus on the opposition. But most of the stories are about rifts in the ruling party. According to the reports, Vice-President Constantino Chiwenga and his faction are opposed to the extension of Mnangagwa’s term
- [Zimbabwe banks back Mnangagwa stance on ZiG](https://insiderzim.com/zimbabwe-banks-back-mnangagwa-stance-on-zig/) - Zimbabwe’s banks have backed President Emmerson Mnangagwa’s plan to make the local currency, the Zimbabwe Gold (ZiG), the country’s sole currency before 2030 but only if the country manages to tame inflation and builds enough reserves. Finance news agency Bloomberg says Bankers Association of Zimbabwe president Lawrence Nyazema said: “We committed to coming up with
- [Eddie Cross drops a stunner- says Zimbabwe has lost more than US$40 million through illegal sales of gold and diamonds alone](https://insiderzim.com/eddie-cross-drops-a-stunner-says-zimbabwe-has-lost-more-than-us40-million-through-illegal-sales-of-gold-and-diamonds-alone/) - Economist Eddie Cross, who says he has been involved in the Zimbabwe economy for more than 60 years, says Zimbabwe has lost more than US$40 billion through illegal sales of diamonds and gold. Writing on his personal blog, he says the country has produced about US$ 30 billion of diamonds but has nothing to show
- [ZiG firms as Mnangagwa says de-dollarisation might be much sooner](https://insiderzim.com/zig-firms-as-mnangagwa-says-de-dollarisation-might-be-much-sooner/) - The Zimbabwe God, which hit a low of 13.7618 against the United States dollar yesterday, today firmed to 13.6946 after President Emmerson Mnangagwa said that his government was working on a de-dollarisation programme which could see the ZiG becoming the sole trading currency in the country way before 2030. The ZiG was introduced on 5
- [Romantic breakups can spark severe trauma in young people – new study](https://insiderzim.com/romantic-breakups-can-spark-severe-trauma-in-young-people-new-study/) - What should I study? What do I want to be? How will I pay for my education? Who do I want to spend the rest of my life with? These are the life-changing decisions many young people face. Emerging adulthood (between the ages of 18 and 25 years) is a critical stage in the life
- [Mushayavanhu caught offside as ZiG ends June at its lowest since inception](https://insiderzim.com/mushayavanhu-caught-offside-as-zig-ends-june-at-its-lowest-since-inception/) - The Zimbabwe Gold (ZiG), today hit its lowest rate against the United States dollar since its inception averaging 13.7031 after hitting a peak of 13.2183 on 23 May. Reserve Bank of Zimbabwe governor John Mushayavanhu warned the nation in April that those selling the ZiG at 20:1 might find themselves buying it back at 10:1,
- [No, Zimbabwe court hasn’t threatened ‘newly married gay couple’ with death penalty if they don’t get pregnant](https://insiderzim.com/no-zimbabwe-court-hasnt-threatened-newly-married-gay-couple-with-death-penalty-if-they-dont-get-pregnant/) - Researched by Mary Alexander IN SHORT: No law in Zimbabwe imposes the death penalty for same-sex marriages or relationships. The claim that a court has ordered a newly married gay couple to be put under house arrest and face the death penalty if they don't get pregnant is false. “A High court in Zimbabwe has
- [Zimbabwe economy expected to grow by only 2% this year but shoot to 6% next year-IMF](https://insiderzim.com/zimbabwe-economy-expected-to-grow-by-only-2-this-year-but-shoot-to-6-next-year-imf/) - Zimbabwe’s economy is expected to grow by only 2% this year because of the devastating drought this year but it will recover strongly to 6% next year because of a rebound in agriculture and capital projects in manufacturing, the International Monetary Fund says. In a statement following a mission visit that ended yesterday, the IMF
- [Reserve Bank of Zimbabwe to maintain tight monetary policy](https://insiderzim.com/reserve-bank-of-zimbabwe-to-maintain-tight-monetary-policy/) - The Reserve Bank of Zimbabwe is to maintain its current tight monetary policy to ensure the sustenance of the current stability of both the exchange rate and inflation. This was agreed at yesterday’s Monetary Policy Committee meeting which said it was satisfied with the impact of the monetary policy measures introduced by the central bank
- [Zimbabwe requires 46 000 tonnes of grain a month to feed those without food](https://insiderzim.com/zimbabwe-requires-46-000-tonnes-of-grain-a-month-to-feed-those-without-food/) - Zimbabwe will be issuing 7.5 kg of grain a month to each of the six million people that are in need of food in the rural areas, making a total of 46 000 tonnes, Agriculture Minister Anxious Masuka told Parliament yesterday. But because of transport and logistical problems, Masuka said the government will be issuing
- [Why ZANU-PF really wants a two-thirds majority](https://insiderzim.com/why-zanu-pf-really-wants-a-two-thirds-majority/) - The recent elections in South Africa, where the ruling African National Congress lost its majority, polling 40% of the vote down from 57%, has demonstrated the vulnerability of liberation parties especially if they fail to deliver or are seen to be departing from the aims and objectives of the struggle. The Zimbabwe African National Union-Patriotic
- [ZiG hits record high against US dollar](https://insiderzim.com/zig-hits-record-high-against-us-dollar/) - Zimbabwe’s new currency, the ZiG, today hit a new record high against the United States dollar when it was pegged at 13.2183. The currency launched on 5 April has been met with some scepticism largely because of the history of failed currencies Zimbabwe has introduced since the West imposed sanctions on the country at the
- [ZiG continues to hold its own](https://insiderzim.com/zig-continues-to-hold-its-own/) - The Zimbabwe Gold, ZiG, continued to firm against the United States dollar ending the week at 13.3975 up from 13.4825 at the beginning of the week. The currency, introduced six weeks ago, on 5 April, is stronger than when it started trading on 8 April when it was pegged at 15.5616. It is still way
- [Stability of ZiG critical to reduce demand for use of US dollar](https://insiderzim.com/stability-of-zig-critical-to-reduce-demand-for-use-of-us-dollar/) - The stability of Zimbabwe’s local currency, the Zimbabwe Gold (ZiG), is critical if the country wants to reduce demand for the use of the United States dollar. Zimbabwe is currently using a multi-currency system but this is dominated by the United States dollar which accounts for 85% of transactions. It phased out its local currency,
- [More than half Zimbabwe population will need food aid](https://insiderzim.com/more-than-half-zimbabwe-population-will-need-food-aid/) - More than half of Zimbabwe’s population will need food aid between this month and March next year, the Zimbabwe government says, but the private sector has the capacity to import enough grain. In a post-cabinet briefing yesterday, Information Minister Jenfan Muswere said 6 million people in rural areas and 1.7 million in urban areas, representing
- [ZiG kicks off week on a positive note](https://insiderzim.com/zig-kicks-off-week-on-a-positive-note/) - Zimbabwe’s currency, the ZiG, kicked off the week on a positive note after firming to 13.4823 from a low of 13.6757 a week ago. The currency, which is just over a month old, has so far held its own despite scepticism from most Zimbabweans who still prefer the United States dollar. Reserve Bank of Zimbabwe
- [Why Zimbabwe white farmers lost their R2 billion land damages claim in South Africa](https://insiderzim.com/why-zimbabwe-white-farmers-lost-their-r2-billion-land-damages-claim-in-south-africa/) - Twenty-five white Zimbabwean farmers who took their R2 billion land damages claim to the South African courts after allegedly being denied access to the Zimbabwean courts lost the case at Constitutional Court because it had prescribed, that is, it was now out of time. Afriforum, a non-governmental organisation that focuses on the interests of afrikaners,
- [Africans-including Zimbabweans- must now tell their own stories- ADB president](https://insiderzim.com/africans-including-zimbabweans-must-now-tell-their-own-stories-adb-president/) - Africans must now tell their own stories because if they continue to denigrate themselves they will be playing into the hands of those who control the narrative of Africa, African Development Bank president Akinwumi Adfesina says. Right now, news about Africa is dominated by negative news on crime, conflicts, crisis and challenges. “Where I come
- [Zimbabwe quarterly taxes to force businesses to sell products in ZiG](https://insiderzim.com/zimbabwe-quarterly-taxes-to-force-businesses-to-sell-products-in-zig/) - Quarterly taxes, which are due next month, will force businesses to sell a quota of their products or services in ZiG because the central bank will not be able to supply all the ZiG that they want as they will be compelled to pay half their taxes in local currency. Deputy Finance Minister David Kudakwashe
- [Zimbabweans may soon be able to change ZiG to US dollars and vice-versa on their phones](https://insiderzim.com/zimbabweans-may-soon-be-able-to-change-zig-to-us-dollars-and-vice-versa-on-their-phones/) - Zimbabweans will soon be able to change their ZiG to United States dollars and vice-versa on their mobile phones, Deputy Finance Minister David Kuda Mnangagwa told the Senate yesterday. He said this as the government passed regulations that providers of goods and services must use the official interbank exchange rate for all transactions or face
- [Tshabangu says it will take 67 years to complete the Bulawayo-Nkayi Road at the current pace](https://insiderzim.com/tshabangu-says-it-will-take-67-years-to-complete-the-bulawayo-nkayi-road-at-the-current-pace/) - Senator Sengezo Tshabangu yesterday expressed dismay at the pace at which the government is constructing the Bulawayo-Nkayi Road saying at the current pace it will take 67 years to complete the road. He said construction of the 158-km road, which began in 1993, was supposed to be completed in six years but the road is
- [Zimbabwe to fine those breaching official exchange rate US$15 000 or more](https://insiderzim.com/zimbabwe-to-fine-those-breaching-official-exchange-rate-us15-000-or-more/) - Zimbabwe has ordered providers of goods and services to use the official exchange rate or face a fine of ZiG200 000 which translates to about $15 000. If, however, the value of the foreign currency charged for the goods and services is higher than ZiG200 000, they have to pay the higher amount. Zimbabwe is
- [Zimbabwe to introduce legislation to ensure official exchange rate is used for pricing](https://insiderzim.com/zimbabwe-to-introduce-legislation-to-ensure-official-exchange-rate-is-used-for-pricing/) - Zimbabwe is going to introduce legislation which ensures that the country uses one exchange rate for pricing- the official interbank rate which is determined by the market. The country introduced a new currency, the Zimbabwe Gold (ZiG), last month pegging it at roughly 13.5 ZiG to the greenback but some businesses, including schools, are using
- [Are Zimbabweans giving social media more credit than it deserves?](https://insiderzim.com/are-zimbabweans-giving-social-media-more-credit-than-it-deserves/) - The role of social media on how people get their news in Zimbabwe is being hyped because a survey by African think-tank Afrobarometer says only 43% of Zimbabweans get their news through the internet or social media. This is vastly different from Mauritius where 82% get their news through the internet and social media. South
- [Top 20 countries in debt to China- Zimbabwe is not one of them](https://insiderzim.com/top-20-countries-in-debt-to-china-zimbabwe-is-not-one-of-them/) - Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among the top 20. The biggest debtor is Pakistan followed by Angola. Other African countries with huge debts to China are: Ethiopia, Kenya, Zambia, Egypt, Nigeria, Cote d’Ivoire, Cameroon, South Africa and Congo republic. It is not clear how much Zimbabwe
- [Is Zimbabwe now on the right track?](https://insiderzim.com/is-zimbabwe-now-on-the-right-track/) - The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says the country’s monetary policy statement released on 5 April has been well received by the market and is expected to ensure lasting stability, certainty and predictability in the exchange rate and inflation. In a statement released yesterday the central bank
- [Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June](https://insiderzim.com/watch-rbz-governor-warns-those-selling-zig-at-201-could-be-buying-it-at-101-in-june/) - Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from a peak of 13.2517 on 24 April but central bank governor John Mushayavanhu is optimistic it will pick up when companies start paying their quarterly taxes at the end of June, which is less than two months away. It kicked
- [US loses its place as most influential power in Africa to China](https://insiderzim.com/us-loses-its-place-as-most-influential-power-in-africa-to-china/) - The United States lost its place as the most influential global power in Africa last year as its star status dimmed and other countries -China in particular- gained fans. A new Gallup report shows median approval ratings of Washington -- indicative of the country’s soft power -- slipped from 59% in 2022 to 56% in
- [Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG](https://insiderzim.com/zimbabwe-central-bank-chief-says-street-forex-dealers-cannot-destabilise-the-zig/) - The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in small amounts like US$5 or US$10 cannot destabilise the country’s new currency the Zimbabwe Gold (ZiG), but they are being arrested because what they are doing is illegal. According to the Manica Post, Mushayavanhu told businessmen in Mutare that changing
- [Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex](https://insiderzim.com/zimbabwe-international-trade-fair-plans-to-turn-exhibition-centre-into-commercial-complex/) - The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the Bulawayo exhibition grounds into a mixed-use commercial development. Property developer Terrace Africa will develop a shopping complex as the first phase of the project. Under the plan, the fairgrounds will be renamed the Zimbabwe International Conference and Exhibition Smart City
- [ZiG falls against US dollar](https://insiderzim.com/zig-falls-against-us-dollar/) - Zimbabwe’s new currency today fell against the United States for the first time since its launch on 5 April. The ZiG, which is backed by gold and other minerals, has been appreciating against the greenback since it started trading on 8 April rising from 13.5616 to 13.2517 yesterday. It dropped to 13.3811 today. Zimbabwe is
- [ZiG plays havoc on the Zimbabwe Stock Exchange](https://insiderzim.com/zig-plays-havoc-on-the-zimbabwe-stock-exchange/) - Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market this year, leaving investors dealing with the fallout. The Zimbabwe Stock Exchange All Share Index fell 99.95% since the introduction of ZiG, short for Zimbabwe Gold, on 5 April. The gold-backed ZiG succeeded the Zimbabwe dollar which had lost 80%
- [Jonathan Moyo tells Mushayavanhu to stick to monetary policy and leave money changers to the police](https://insiderzim.com/jonathan-moyo-tells-mushayavanhu-to-stick-to-monetary-policy-and-leave-money-changers-to-the-police/) - One bane of recent public discourse in Zimbabwe is not only that it is never about ideas or issues but it is invariably about ‘good guys’ versus ‘bad guys’ – depending on their real or perceived political affiliation – but also that it entirely proceeds on a weird presumption that if you agree with or
- [ZiG kicks off third week on a stronger note](https://insiderzim.com/zig-kicks-off-third-week-on-a-stronger-note/) - Zimbabwe’s new currency kicked off its third week on a stronger note raising questions as to who is manipulating the currency on the black market. The ZiG which kicked off at 13.5616 on 8 April today averaged 13.2889 with the buy rate at 12.9567 and the sell rate at 13.6211. The sell rate on 8
- [Zimbabwe asks US to tell its banks they can now deal with Harare](https://insiderzim.com/zimbabwe-asks-us-to-tell-its-banks-they-can-now-deal-with-harare/) - Zimbabwe Finance Minister Mthuli Ncube is asking the US government to tell banks that they will no longer be fined for dealing with Zimbabwe. The country has lost at least 102 correspondent banking relationships as international banks held back over fears of attracting penalties from the US Treasury Department, according to the Reserve Bank of
- [Zimbabwe worried ZiG is appreciating too fast?](https://insiderzim.com/zimbabwe-worried-zig-is-appreciating-too-fast/) - Zimbabwe, whose currency declined 80% this year before being abandoned, is now worried about its new unit the Zimbabwe Gold (ZiG) appreciating too fast. According to Bloomberg, the ZiG has advanced against the dollar since it was introduced on 5 April, spurring concerns that it will hurt exporters who shipped US$6.6 billion of gold, tobacco
- [ZiG confusion](https://insiderzim.com/zig-confusion/) - Zimbabwe’s new currency, the Zimbabwe Gold (ZiG,) continued to firm against the United States dollar as it has done every trading day since it started trading on 8 April. It kicked off at 13.5616 to the United States dollar and has firmed to 13.3129 today. However, prices at one of the leading supermarkets, which are
- [US congratulates Zimbabwe on its 44th anniversary, but maintains sanctions on the country](https://insiderzim.com/us-congratulates-zimbabwe-on-its-44th-anniversary-but-maintains-sanctions-on-the-country/) - United States Secretary of State Antony Blinken has congratulated Zimbabwe on its 44th independence anniversary which is being held in Buhera today. “We remain committed to partnering with the people of Zimbabwe as you endeavor toward a more just, equitable, and healthy society,” Blinken said. “The United States is pleased to support Zimbabwean efforts to
- [Did you know that if America’s billionaires were considered a country they would be the third richest nation in the world?](https://insiderzim.com/did-you-know-that-if-americas-billionaires-were-considered-a-country-they-would-be-the-third-richest-nation-in-the-world/) - The 813 billionaires in the United States have a total wealth of US$5.7 trillion. If they were considered a country on their own, they would be the third richest nation after the US and China. According to Forbes, there are 2781 billionaires in the world now worth a staggering US$14.2 trillion, a combined GDP of
- [Mnangagwa spokesman says there is nothing to celebrate about latest US move on Zimbabwe sanctions](https://insiderzim.com/mnangagwa-spokesman-says-there-is-nothing-to-celebrate-about-latest-us-move-on-zimbabwe-sanctions/) - President Emmerson Mnangagwa’s spokesman George Charamba says there is nothing to celebrate about the United States’s latest move on Zimbabwe sanctions. The United States treasury’s Office of Foreign Assets Control (OFAC) yesterday announced that it was issuing a final rule to remove the Zimbabwe Sanctions Regulations which had been in force since 2003 but were
- [US reduces Zimbabwe sanctions list to 14](https://insiderzim.com/us-reduces-zimbabwe-sanctions-list-to-14/) - The United States has lifted sanctiosn on the majority of Zimbabwean politicians and companies leaving on 14 including President Emmerson Mnangagwa, his wife Auxillia and Vice-President Constantino Chiwenga. It has also extended sanctions on businessman Kuda Tagwirei and his wife Sandra Mpunga. Below is the list of those stillon US sanctions: The following changes have
- [Two British aristocrats target one of Zimbabwe’s biggest lithium assets](https://insiderzim.com/two-british-aristocrats-target-one-of-zimbabwes-biggest-lithium-assets/) - Over drinks back in 2019, two British tycoons, Algy Cluff and Michael Spencer, agreed to set up a company to buy into African resources. They have explored mines in Ghana, Mali and Tanzania. Now their next target is one of Zimbabwe’s biggest lithium assets. Cluff, 84, had made money in the 1970s with an oil
- [Chamisa accused of destroying the opposition but says opposition is not one person](https://insiderzim.com/chamisa-accused-of-destroying-the-opposition-but-says-opposition-is-not-one-person/) - Former Citizens Coalition for Change leader Nelson Chamisa has been accused of destroying the opposition but he said the opposition was not one person. Chamisa, who resigned from the party that he founded two years ago, had tweeted that the State was behind the break-up of the opposition in 2020 and the recalls of 2023.
- [Zimbabwe central bank governor says people will soon be scrambling for ZiG, fears deflation](https://insiderzim.com/zimbabwe-central-bank-governor-says-people-will-soon-be-scrambling-for-zig-fears-deflation/) - Zimbabwe central bank governor John Mushayavanhu says people will soon be scrambling for the country’s new currency, ZiG, and as the currency continues to strengthen against the United States dollar he fears the country could plunge into deflation. The ZiG, which was introduced a week ago, has appreciated from 13.5616 on Monday to 13.4178 today,
- [List of Zimbabweans and entities on the Canadian sanctions list](https://insiderzim.com/list-of-zimbabweans-and-entities-on-the-canadian-sanctions-list/) - Exiled former Higher Education Minister Jonathan Moyo has raised an interesting question. Why is Canada keeping its punitive 2008 sanctions on Zimbabwe whent he EuropeanUnion and the United States have lfited some of the sanctions? Apparently, the North American country still maintains a list of Zimbabweans under its sanctions including former President Robert Mugabe. The
- [23 questions and answers on Zimbabwe’s new currency](https://insiderzim.com/23-questions-and-answers-on-zimbabwes-new-currency/) - The Reserve Bank of Zimbabwe has published 23 questions and answers about its newly introduced currency, the Zimbabwe Gold (ZiG), in an effort to educate the public before releasing notes and coins at the end of this month. ZiG is facing a lot of scepticism as its predecessors have all been trashed with the Zimbabwe
- [Four things Zimbabwe should be aware of to deal with the current drought](https://insiderzim.com/four-things-zimbabwe-should-be-aware-of-to-deal-with-the-current-drought/) - Zimbabwe should be aware of four things so that it can effectively deal with the current drought, Lands and Agriculture Minister Anxious Masuku told Parliament on Wednesday. Firstly, the small amounts that we have in our granary. Secondly, the few produce that we are going to harvest. Thirdly, we look at where we can import
- [Zimbabwe sitting on stockpile of ivory worth US$700 million which it cannot sell](https://insiderzim.com/zimbabwe-sitting-on-stockpile-of-ivory-worth-us700-million-which-it-cannot-sell/) - Zimbabwe is sitting on a stockpile of ivory worth US$700 million which it cannot sell because of the ban on the sale of ivory by the Convention on International Trade in Endangered Species (CITIES) in 1989. The country is, however,facing increasing challenges in human wildlife conflict with at least 35 people being killed by wildlife
- [ZiG is my currency, your currency, everybody’s currency-FinMin](https://insiderzim.com/zig-is-my-currency-your-currency-everybodys-currency-finmin/) - Zimbabwe Finance Minister Mthuli Ncube told legislators yesterday that the newly introduced Zimbabwe Gold currency was everybody’s currency, so Zimbabweans should be proud of it. Responding to questions about what the government was doing to ensure that ZiG does not go the same way other local currencies introduced by the government have gone- down the
- [Introduction of ZiG part of the de-dollarisation agenda- FinMin](https://insiderzim.com/introduction-of-zig-part-of-the-de-dollarisation-agenda-finmin/) - The introduction of the Zimbabwe Gold (ZiG) as the country’s new currency is a critical step in the government’s long term de-dollarisation agenda, Finance Minister Mthuli Ncube said today. In a ministerial statement in Parliament, Ncube said the ZiG, which was introduced on 5 April was aimed at bringing stability to the market. The local
- [Zimbabwe grappling with its 6th currency change](https://insiderzim.com/zimbabwe-grappling-with-its-6th-currency-change/) - Zimbabwe businesses have not transitioned to the nation’s new currency as they continue to adjust their systems, six days after the central bank introduced the sixth medium of exchange in 16 years. The southern African nation, which has been grappling with currency crises over the past 24 years, on 5 April introduced the Zimbabwe Gold
- [Chamisa starts whatsapp news channel](https://insiderzim.com/chamisa-starts-whatsapp-news-channel/) - Opposition leader Nelson Chamisa has formed a whatsapp news channel called Chamisa News Channel (CNC). While several of his X-handle followers welcomed the move as a channel for his supporters to communicate with him, some questioned why he had personalised the platform. But Chamisa already had more than 8 000 followers within hours of setting
- [Media reporting on Zimbabwe drought is disappointing](https://insiderzim.com/media-reporting-on-zimbabwe-drought-is-disappointing/) - In the last week, Zimbabwe, following both Malawi and Zimbabwe, has declared a drought emergency, requesting US$2 billion in support for purchasing food supplies in the face of large predicted deficits. The total cereal harvest is expected to be around one million tonnes, about half amount of the previous year, leaving a big gap to
- [ZiG can only last if Mnangagwa puts his foot down](https://insiderzim.com/zig-can-only-last-if-mnangagwa-puts-his-foot-down/) - Zimbabwe central bank governor John Mushayavanhu can shout “not under my watch” as much and as loudly as he wants but this will not sustain the newly introduced Zimbabwe Gold local currency unless President Emmerson Mnangagwa puts his foot down. Mnangagwa knows the people that manipulate the local currency. He has known them since he
- [Zimbabwe turns to gold in effort to permanently ditch US dollar](https://insiderzim.com/zimbabwe-turns-to-gold-in-effort-to-permanently-ditch-us-dollar/) - Buckle up, because Zimbabwe’s going for a wild ride down Gold Lane, ditching the US dollar like it’s out of fashion. Under President Emmerson Mnangagwa’s regime, this southern African gem is shaking up its monetary system yet again. This time, they’re pulling a bold move by introducing a new gold-backed currency. After a rollercoaster ride
- [Zimbabwe introduces new currency called ZiG, aims to reduce inflation to less than 5% by end of year](https://insiderzim.com/zimbabwe-introduces-new-currency-called-zig-aims-to-reduce-inflation-to-less-than-5-by-end-of-year/) - Zimbabwe today introduced a new currency called Zimbabwe Gold (ZiG) and has given Zimbabweans 21 days to exchange the current local currency notes. The new currency has a highest note of ZiG200, an improvement from the current Z$100 which at the moment does not buy anything. Central Bank governor John Mushayavanhu said the exchange rate
- [No, the United States has not lifted sanctions on Zimbabwe](https://insiderzim.com/no-the-united-states-has-not-lifted-sanctions-on-zimbabwe/) - Researched by Mary Alexander This report was written by Africa Check., a non-partisan fact-checking organisation. View the original piece on their website. IN SHORT: Following a US presidential executive order impacting Zimbabwe, social media was flooded with claims this meant US sanctions on the southern African country had been lifted. But the truth is quite
- [Zimbabwe dollar officially breaches $20 000 to the US dollar](https://insiderzim.com/zimbabwe-dollar-officially-breaches-20-000-to-the-us-dollar/) - In less than two months, the Zimbabwean dollar has breached another significant threshold, dropping below $20 000 against the US dollar after its decline past the 10 000 level in late January. The Zimbabwe dollar traded at $20 389 per greenback yesterday, reflecting cumulative losses of 70% since the year began, making it one of
- [A critical look at the revocation of US sanctions on Zimbabwe while maintaining ZDERA- By Jonathan Moyo](https://insiderzim.com/a-critical-look-at-the-revocation-of-us-sanctions-on-zimbabwe-while-maintaining-zdera-by-jonathan-moyo/) - Twenty one years ago, on 6 March 2003, US President George W. Bush claimed to have “determined” under Executive Order 13288 that some alleged actions and policies of certain members of the Government of Zimbabwe and other persons undermined, “Zimbabwe’s democratic processes or institutions”, and that their alleged actions and policies contributed “to the deliberate
- [Mnangagwa cornered over long overdue monetary policy statement](https://insiderzim.com/mnangagwa-cornered-over-long-overdue-monetary-policy-statement/) - Zimbabwe Deputy Finance Minister Kudakwashe Mnangagwa was cornered in Parliament to state when the long overdue monetary policy statement, which will come up with a new exchange rate management system, will be delivered but he got away with a vague answer that it will be released in a few weeks. One legislator complained that this
- [Zimbabwe- 16th biggest economy in Africa](https://insiderzim.com/zimbabwe-16th-biggest-economy-in-africa/) - Zimbabwe is the 16th biggest economy in Africa according to data from the International Monetary Fund. But Africa with its 54 countries and 1.4 billion people has a smaller economy than that of the United States, China, Germany, Japan, India, the United Kingdom and France. Africa’s gross domestic product is estimated at US$3 trillion which
- [Zimbabwe not panicking about maize shortage- says will buy from local farmers first](https://insiderzim.com/zimbabwe-not-panicking-about-maize-shortage-says-will-buy-from-local-farmers-first/) - Justice Minister Ziyambi Ziyambi who is leader of government business in Parliament yesterday said Zimbabwe is not panicking about the impending maize shortage because it has about 245 000 tonnes in grain reserves and will pay local farmers an import parity price of US$390 to release the maize that they have. Responding to questions in
- [Can you believe it? Zimbabwe ranked third happiest country in Africa!](https://insiderzim.com/can-you-believe-it-zimbabwe-ranked-third-happiest-country-in-africa/) - Zimbabwe has been ranked the third happiest country in Africa according to the Mental State of the World in 2023. And before you laugh it off, the study says this has nothing to do with the common perception that wealth enhances wellbeing. It has more to do with at what age a person acquires a smartphone,
- [Zimbabwe accuses USAID of meddling in its democratic process](https://insiderzim.com/zimbabwe-accuses-usaid-of-meddling-in-its-democratic-process/) - Zimbabwe ambassador to the UNited States Tadeous Tafirenyika Chifamba has accused the United States Agency for International Development of interfering in the country’s democratic processes — calling USAID’s human rights and governance work a “gross violation” of Zimbabwe’s sovereignty. His remarks came just hours after the United States sounded the alarm on Zimbabwe for allegedly
- [ZANU-PF chief whip says Zimbabwe Foreign Minister must call US embassy official to order](https://insiderzim.com/zanu-pf-chief-whip-says-zimbabwe-foreign-minister-must-call-us-embassy-official-to-order/) - Zimbabwe African National Union-Patriotic Front chief whip Pupurayi Togarepi says Zimbabwe Foreign Minister Frederick Shava should call United States embassy official Lawrence Socha to order for insulting the country’s leadership. Socha told a press conference in Harare that the United States had imposed fresh sanctions on President Emmerson Mnangagwa,his wife Auxillia, Vice-President Constantino and eight
- [What Britain’s House of Lords said about latest US sanctions on Zimbabwe](https://insiderzim.com/what-britains-house-of-lords-said-about-latest-us-sanctions-on-zimbabwe/) - The British House of Lords yesterday spent 11 minutes discussing sanctions on Zimbabwe with some peers calling for the tightening of these sanctions against President Emmerson Mnangagwa and his administration. Some even suggested that Zimbabwe should not be allowed to rejoin the Commonwealth. The debate followed the lifting of sanctions on most individuals and companies
- [Tsvangirai accuses Mnangagwa of lying](https://insiderzim.com/tsvangirai-accuses-mnangagwa-of-lying/) - Norton legislator Riuchard Tsvangirai yesterday accused Deputy Finance Minister Kudakwashe Mnangagwa of lying after Mnangagwa told parliamentarians to be patient and wait for the long-awaited Monetary Policy Statement as it would address key challenges on inflation and the exchange rate. Tsvangirai had asked what the government was doing to address sky-rocketing inflation. Mnangagwa said inflation
- [US argument that its sanctions do not affect ordinary Zimbabweans is a complete fallacy](https://insiderzim.com/us-argument-that-its-sanctions-do-not-affect-ordinary-zimbabweans-is-a-complete-fallacy/) - The United States is a global superpower. Its political and economic reach is massive and global in character. Look back in history and you can see how the US has so often made real changes to the world economy and political dispensation. In the Second World War it was the entry of the USA into
- [Zimbabwe’s Mimosa retrenches 33 managers](https://insiderzim.com/zimbabwes-mimosa-retrenches-33-managers/) - Mimosa Mine is retrenching 33 managers and abandoning a key expansion project, in the latest damaging response by platinum producers to falling global metal prices. The company says platinum prices fell by 35% since April last year, hitting its cash flows and profits. “The outlook is that the prices will remain depressed in the medium
- [Why the US has maintained sanctions on Mnangagwa, his wife and Tagwirei](https://insiderzim.com/why-the-us-has-maintained-sanctions-on-mnangagwa-his-wife-and-tagwirei/) - The United States today said it is maintaining sanctions on President Mnangagwa, his wife Auxillia and businessman Kudakwashe Tagwirei because of their involvement in corruption and serious human rights abuses. Below is the full statement from the US government. Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 11 individuals, including
- [List of Zimbabweans removed from US sanctions](https://insiderzim.com/list-of-zimbabweans-removed-from-us-sanctions/) - The United States has lifted its sanctions on a host of Zimbabwean individuals and entities leaving only 11, including President Emmerson Mnangagwa and his wife Auxillia. Among those removed from the list are the late President Robert Mugabe and his wife Grace, Mnangagwa’s spokesman George Charamba and Chief Fortune Charumbira, Below is the list of
- [Poor turnout at CCC activist’s funeral mirrors decline of opposition](https://insiderzim.com/poor-turnout-at-ccc-activists-funeral-mirrors-decline-of-opposition/) - A Zimbabwean opposition activist slain nearly two years ago was finally buried yesterday at an event marked by a low turnout and clashes between members of the main opposition party, highlighting its decline. Moreblessing Ali, 46, a member of the opposition Citizens Coalition for Change, or CCC, was abducted in May 2022 outside a bar
- [Tshabangu confirmed senator](https://insiderzim.com/tshabangu-confirmed-senator/) - Citizens Coalition for Change interim secretary general Sengezo Tshabangu has been confirmed a senator with effect from 1 March 2024. This was confirmed by Zimbabwe Electoral Commission chairperson Priscilla Chigumba in yesterday’s government gazette. Tshabangu was one of the nine senators nominated to fill vacancies caused by his recall of CCC legislators last year. Citizens
- [Mnangagwa cancels Victoria Falls trip following bomb scare](https://insiderzim.com/mnangagwa-cancels-victoria-falls-trip-following-bomb-scare/) - Zimbabwe President Emmerson Mnangagwa today cancelled his trip to the tourist resort of Victoria Falls, where two conferences one for African finance ministers and another the International Renewable Energy Conference and Expo are taking place, following a bomb scare that was allegedly targeted at all flights to Victoria Falls. Presidential spokesman George Charamba said an
- [Chamisa says he is not quitting politics](https://insiderzim.com/chamisa-says-he-is-not-quitting-politics/) - Former Citizens Coalition for Change leader Nelson Chamisa, who only three days ago said he has no association with any colour, political organisation or movement, today said he is not quitting politics. But he went mum when asked when he is launching a new party. Chamisa resigned from CCC in January and said in a
- [Chamisa says I have no association with any colour, political party or movement](https://insiderzim.com/chamisa-says-i-have-no-association-with-any-colour-political-party-or-movement/) - Former Citizens Coalition for Change leader Nelson Chamisa says he has no association with any colour, political organisation or movement. He also says he does not have any offices in Bulawayo but in Harare. Chamisa was responding to an affidavit by Sengezo Tshabangu in which Tshabangu has taken Chamisa to court for taking over CCC
- [Zimbabwe inflation hits six-month high as currency plunges](https://insiderzim.com/zimbabwe-inflation-hits-six-month-high-as-currency-plunges/) - Zimbabwe’s inflation rate jumped to its highest level in six months as the local dollar continued its losing streak against the greenback, in one of its worst starts to the year since the currency’s reintroduction in 2019. Annual inflation surged to 47.6% in February from 34.8% a month before, the Zimbabwe National Statistics Agency said
- [Why Zimbabwe failed to save three old power plants](https://insiderzim.com/why-zimbabwe-failed-to-save-three-old-power-plants/) - Zimbabwe is shutting down three thermal power stations, with a combined installed capacity of 240MW, because they have become too old and costly to run. According to Energy Minister Edgar Moyo: “At an average age of 75 years, the thermal plants significantly exceed their intended lifespan of 25 years, and operating them has become financially
- [How a shadowy takeover decimated Zimbabwe’s biggest opposition party](https://insiderzim.com/how-a-shadowy-takeover-decimated-zimbabwes-biggest-opposition-party/) - When an obscure Zimbabwean politician announced a takeover of the country’s biggest opposition party last October, its members were astonished and baffled. But they soon realised that their party was in deep trouble. Four months later, the Zimbabwean opposition is fragmented and leaderless, while the ruling party has exploited the confusion to secure a two-thirds
- [Tshabangu wins again as Supreme Court throws out appeal by recalled CCC MPs](https://insiderzim.com/tshabangu-wins-again-as-supreme-court-throws-out-appeal-by-recalled-ccc-mps/) - Self-proclaimed interim secretary-general of the Citizens Coalition for Change Sengezo Tshabangu scored another victory today after the Supreme Court dismissed with costs an appeal by recalled CCC MPs led by Prince Dubeko Sibanda after it found that the appeal was improperly set down. The court ordered that the case was being removed from the roll
- [Zimbabwe Anti-Corruption Commission arrests two Mines officers for extortion](https://insiderzim.com/zimbabwe-anti-corruption-commission-arrests-two-mines-officers-for-extortion/) - In the early hours of the morning, as the sun began to rise over the horizon, casting a golden glow over the vast Zimbabwean landscape, a significant operation was underway. The Zimbabwe Anti-Corruption Commission (ZACC), in a decisive move to clamp down on corruption within the country's lucrative mining sector, arrested two senior officials on
- [Tough quarter for Bindura Nickel](https://insiderzim.com/tough-quarter-for-bindura-nickel/) - A tough quarter for the country’s biggest nickel producer paints a stark picture of the pressures that Zimbabwean miners are facing – collapsing metal prices abroad, plus rising costs and low capital at home. Bindura Nickel Corporation (BNC) didn’t mine any nickel at all during the period because of equipment failure. This is happening at
- [IMF calls on Zimbabwe to accelerate foreign currency market reform](https://insiderzim.com/imf-calls-on-zimbabwe-to-accelerate-foreign-currency-market-reform/) - The International Monetary Fund has called on Zimbabwe to accelerate foreign currency market reform by promoting a more transparent and market-driven price discovery in the official exchange rate and by removing existing exchange restrictions and distortions. In a statement issued today following a two-week mission by an IMF team led by Wojciech Maliszewski, the IMF
- [Zimbabweans exploited by UK care workers recruiting firm](https://insiderzim.com/zimbabweans-exploited-by-uk-care-workers-recruiting-firm/) - A care company serving National Health Service patients has been charging migrant workers from Africa thousands of pounds to work in the UK when the cost of a visa is only a few hundred pounds, the Guardian has learned. Care workers from Zimbabwe were told to pay the sums to Gloriavd Health Care Ltd in
- [Sikhala takes a jibe at Chamisa](https://insiderzim.com/sikhala-takes-a-jibe-at-chamisa/) - Opposition leader Job Sikhala, who was released from prison last month after nearly 600 days on remand, has taken a jibe at former Citizens Coalition for Change leader Nelson Chamisa whom he accused of being a dictator. Posting on his X handle today, Sikhala said Chamisa and other opposition leaders had reneged on the request
- [Has the personality cult of Chamisa Chete Chete led the opposition astray?](https://insiderzim.com/has-the-personality-cult-of-chamisa-chete-chete-led-the-opposition-astray/) - On 25 January, exactly two years and three days after Zimbabwe’s main opposition party the Citizens Coalition for Change (CCC) was launched, its leader Nelson Chamisa quit, leaving the party in turmoil. In a 13-page statement, the 46-year-old lawyer and clergyman listed a litany of reasons why he was taking the extraordinary step of abandoning
- [Mthuli Ncube’s local currency plan](https://insiderzim.com/mthuli-ncubes-local-currency-plan/) - Zimbabwe could link the currency to hard assets such as gold under new measures being considered by the government, Finance Minister Mthuli Ncube says. President Emmerson Mnangagwa last week said the country could introduce a “structured currency” as part of reforms to save the Zimbabwe dollar, which is down 47% since January and more than
- [Zimbabwe CCC legislators who went out and who is coming in](https://insiderzim.com/zimbabwe-ccc-legislators-who-went-out-and-who-is-coming-in/) - The Zimbabwe Electoral Commission has released the names of candidates that are going to fill vacancies in the National Assembly and the Senate created by the recall of those elected in August by self-proclaimed interim secretary general Sengezo Tshabangu. Tshabangu himself is one of the beneficiaries of the seats. He made two major recalls with
- [Zimbabwe Sovereign Wealth Fund takes one of the country’s largest mining companies](https://insiderzim.com/zimbabwe-sovereign-wealth-fund-takes-one-of-the-countrys-largest-mining-companies/) - Zimbabwe’s state sovereign wealth fund has now acquired all of state mining company Kuvimba Mining House Ltd., in a bid to end speculation about its ownership. Kuvimba holds some of Zimbabwe’s best mining assets, which were once owned by a company controlled by US- and UK-sanctioned tycoon Kudakwashe Tagwirei, an adviser to Zimbabwe’s President Emmerson
- [Zimbabwe looks at yet another plan to rescue its sinking currency](https://insiderzim.com/zimbabwe-looks-at-yet-another-plan-to-rescue-its-sinking-currency/) - Zimbabwe is considering overhauling its exchange-rate regime as the government seeks new measures to save its beleaguered currency. The latest proposals will be in a monetary policy statement the Reserve Bank of Zimbabwe and Treasury are jointly working on, according to governor John Mangudya. Zimbabwe President Emmerson Mnangagwa on Tuesday signalled a revamp, following the
- [Zimbabwe Speaker warns CCC not to abuse Parliament](https://insiderzim.com/zimbabwe-speaker-warns-ccc-not-to-abuse-parliament/) - Zimbabwe Speaker of Parliament Jacob Mudenda has warned the opposition Citizens Coalition for Change not to abuse Parliament after one faction appointed a leader of the opposition in Parliament and another faction appointed its own. The faction fronted by self-proclaimed interim secretary general Sengezo Tshabangu, which is now literally running the party, appointed Lynette Karenyi-Kore,
- [For the record: Chamisa Constitutional Court judgment in full](https://insiderzim.com/for-the-record-chamisa-constitutional-court-judgment-in-full/) - The Constitutional Court yesterday dismissed Movement for Democratic Change Alliance leader Nelson Chamisa’s case challenging the results of the 30 July presidential elections. Chamisa and his party have rejected the court’s decision though it is final and cannot be appealed. Here is the judgment as read yesterday, courtesy of the Herald. The applicant was MDC
- [Who gave ZANU-PF two-thirds majority- Chamisa or Tshabangu?](https://insiderzim.com/who-gave-zanu-pf-two-thirds-majority-chamisa-or-tshabangu/) - The Zimbabwe African National Union-Patriotic Front now has a two-thirds majority in Parliament after winning six seats in the by-elections held at the weekend. The party now has 190 seats in the 280-seat national Assembly, three seats more than the 187 required. The two-thirds majority allows the party to make amendments to the national constitution
- [ZANU-PF wins two-thirds majority](https://insiderzim.com/zanu-pf-wins-two-thirds-majority/) - Zimbabwe's ruling ZANU-PF party has won all six of yesterday's parliamentary by-elections meaning it now holds a two-thirds majority in parliament. The victories give President Emmerson Mnangagwa the power to change key provisions in the constitution. The opposition Citizens Coalition for Change (CCC) allege this will allow him to tighten his grip on power. The
- [Chris Mutsvangwa fired](https://insiderzim.com/chris-mutsvangwa-fired/) - President Emmerson Mnangagwa has fired War Veterans Minister Chris Mutsvangwa with immediate effect but no reasons were given. Mutsvangwa is also the Zimbabwe African National Union-Patriotic Front party spokesman. His wife, Monica, is Minister of Women’s Affairs. Mnangagwa also announced the appointment of three deputy ministers with immediate effect. They are Omphile Marupi as Deputy
- [European Union extends sanctions on Zimbabwe by a year to February 2025](https://insiderzim.com/european-union-extends-sanctions-on-zimbabwe-by-a-year-to-february-2025/) - The European Union has extended its sanctions on Zimbabwe by a year to 20 February 2025. The EU no longer has any sanctions targeted at individuals but maintains sanctions on the Zimbabwe Defence Industries, a company owned by the Zimbabwe Defence Forces. It also maintains sanctions on Zimbabwe in the form of an arms embargo
- [Britain still to decide whether Zimbabwe can rejoin the Commonwealth or not](https://insiderzim.com/britain-still-to-decide-whether-zimbabwe-can-rejoin-the-commonwealth-or-not/) - Britain is still to decide whether Zimbabwe can rejoin the Commonwealth or not but the decision is not its alone but that of all Commonwealth members. Minister of State in the Foreign, Commonwealth and Development Office, Lord Ahmad of Wimbledon told the House of Lords yesterday that the United Kingdom will review all final election
- [Chamisa asks for wisdom, humility and strength as he turns 46](https://insiderzim.com/chamisa-asks-for-wisdom-humility-and-strength-as-he-turns-46/) - Former Citizens Coalition for Change leader Nelson Chamisa today called on his friends to help him pray for wisdom, humility and strength to unite, heal and prosper all as he celebrates his 46th birthday. Chamisa quit the CCC last week but has not announced the way forward leaving legislators elected under the party in a
- [Is it mere coincidence that Sikhala is released soon after Chamisa quits CCC?](https://insiderzim.com/is-it-mere-coincidence-that-sikhala-is-released-soon-after-chamisa-quits-ccc/) - There is a saying that if an old lady disappears and a hyena shits grey hair, what do you think happened to the old lady? The same could be asked:Why was Job Sikhala literally freed, only days after Citizens Coalition for Change leader Nelson Chamisa announced that he was quitting the party? The simple answer
- [Zimbabwe back to poor millionaires again](https://insiderzim.com/zimbabwe-back-to-poor-millionaires-again/) - A fresh plunge in the value of the Zimbabwe dollar means that everyone in the country with US$100 is now a millionaire in local-currency terms. Again. The local unit yesterday weakened past $10 160 per US dollar in the spot market for the first time since it was reintroduced in 2019, meaning that US$100 is
- [Who owns Chamisa’s face?](https://insiderzim.com/who-owns-chamisas-face/) - The claim by Citizens Coalition for Change interim secretary general Sengezo Tshabangu that the party has the sole legal rights to use its former leader Nelson Chamisa’s face as a party symbol is false, according to fact-checking organisation Zimfact. Chamisa resigned from CCC last week at the party’s second anniversary leaving party members, especially legislators
- [Zimbabwe legislator says Mbeki told the British they would be wiped out in 24 hours if they invaded Zimbabwe](https://insiderzim.com/zimbabwe-legislator-says-mbeki-told-the-british-they-would-be-wiped-out-in-24-hours-if-they-invaded-zimbabwe/) - A Zimbabwean legislator today told Parliament that former South African President Thabo Mbeki told the British that they would be wiped out in 24 hours if they invaded Zimbabwe. Buhera West legislator Tafadzwa Mugwadi said the British were planning to invade Zimbabwe to remove the Zimbabwe African National Union-Patriotic Front from power because of its
- [Do people drink more coffee than water?](https://insiderzim.com/do-people-drink-more-coffee-than-water/) - Coffee is the most consumed beverage in the world beating water which is at number two, according to a survey by Insider Monkey. Wine is also more popular than tea and stands at number three followed by tea at number 4. Tequila sits at number 5.
- [Zimbabwe among five countries with the best education system in Africa](https://insiderzim.com/zimbabwe-among-five-countries-with-the-best-education-system-in-africa/) - Zimbabwe, one of the countries most vilified by its own citizens, apparently has one of the best education systems in Africa. According to local fact-checking organisation, Zimfact, Zimbabwe is rated as one of the five countries with the best education system on the continent. Zimfact says according to the World Economic Forum, which organises the
- [Mnangagwa meets chiefs to resolve Gukurahundi- says none but ourselves can determine our destiny](https://insiderzim.com/mnangagwa-meets-chiefs-to-resolve-gukurahundi-says-none-but-ourselves-can-determine-our-destiny/) - Zimbabwe President Emmerson Mnangagwa today met chiefs in Bulawayo to resolve the long-standing Gurkuhundi issue and said there is nothing more important than national unity. He posted on his X space that he emphasised to the chiefs’ council his commitment to resolve the Gukurahundi issue which has been raging since the 1990s. Like his mantra:
- [Delta sales hit new records over Christmas](https://insiderzim.com/delta-sales-hit-new-records-over-christmas/) - Delta Corporation enjoyed record sales of soft drinks and beer over Christmas, but the company is worried about the impact of a “sugar tax” and an anticipated drop in spending this year. Consumer spending over the festive period was “buoyant”, says Delta, driven by stable US Dollar pricing and liquidity. Much of the spending came
- [Chamisa dumps CCC but offers no immediate alternative](https://insiderzim.com/chamisa-dumps-ccc-but-offers-no-immediate-alternative/) - Citizens Coalition for Change leader Nelson Chamisa has dumped the party but has offered no immediate alternative saying his supporters will be posted on the next steps. In a 13-page statement, Chamisa concluded that he is officially informing the public that “with immediate effect, I no longer have anything to do with CCC”. Chamisa, who
- [Zimbabwe to discuss interventions to prop local currency on Monday](https://insiderzim.com/zimbabwe-to-discuss-interventions-to-prop-local-currency-on-monday/) - Zimbabwe’s central bank will hold its first rate-setting meeting of the year next Monday as it seeks to deal with a currency rout. The monetary policy committee will meet “to discuss interventions to deal with the current exchange rate and price instability,” Persistence Gwanyanya, a member of the MPC said in a post on X.
- [Is Zimbabwe better off than Nigeria?](https://insiderzim.com/is-zimbabwe-better-off-than-nigeria/) - Zimbabwe has been rated among the 50 least developed countries in 2024 but it is better off than oil rich Nigeria and Angola. According to a survey by InsiderMonkey, Zimbabwe was ranked at number 47, way above oil rich Angola which is at number 43 and Africa’s most populous nation,Nigeria which is at number 28.
- [The changing remittance economy in Zimbabwe](https://insiderzim.com/the-changing-remittance-economy-in-zimbabwe/) - The flow of remittances to Zimbabwe is huge, with diaspora remittances from outside the country estimated at over US$1 billion per annum, or around 16% of total foreign exchange receipts. This comes from a large network in the diaspora, whether in the region (mostly South Africa) or further afield, including the UK. Remittances also flow
- [Tshabangu clobbers Chamisa again](https://insiderzim.com/tshabangu-clobbers-chamisa-again/) - Self-proclaimed Citizens Coalition for Change interim secretary general Sengezo Tshabangu has clobbered party leader Nelson Chamisa again after the court ordered that 23 candidates that filed their nomination papers in December last year contest as CCC candidates in the by-elections set for 3 February should not have their names on the ballot papers. The 23
- [Zimbabwean businessman, SA billionaire and Pakistani giant who now own Zimbabwe’s biggest sugar estates](https://insiderzim.com/zimbabwean-businessman-sa-billionaire-and-pakistani-giant-who-now-own-zimbabwes-biggest-sugar-estates/) - A consortium of a Zimbabwean businessman, a South African billionaire and a Pakistani sugar producer is now in charge of Zimbabwe’s largest sugar producer. Tongaat Hulett, which runs the Hippo Valley and Triangle estates in the Lowveld, went into business rescue in October 2022 to prevent bankruptcy. This was after a fraud by its executives
- [Is the Zimbabwe dollar the weakest currency in the world?](https://insiderzim.com/is-the-zimbabwe-dollar-the-weakest-currency-in-the-world/) - I am not an economist but simple logic begs me to ask whether United States economist Steve Hanke is correct to say that the Zimbabwe dollar is the weakest currency in the world. If the Zambian kwacha is rated at 26 to the United States dollar, or the Kenyan shilling is at 160 to the
- [Is Nelson Chamisa’s leadership style a threat to Zimbabwe’s opposition politics?](https://insiderzim.com/is-nelson-chamisas-leadership-style-a-threat-to-zimbabwes-opposition-politics/) - Nelson Chamisa, a charismatic leader in Zimbabwe’s opposition politics, has been facing a storm of criticism over his leadership style within the Citizens Coalition for Change (CCC). Initially, Chamisa carved out his reputation under the tutelage of the late Morgan Tsvangirai, leader of the Movement for Democratic Change (MDC). However, his leadership approach sparked controversy
- [Mnangagwa has a lot to do to convince Zimbabweans to have confidence in the local currency](https://insiderzim.com/mnangagwa-has-a-lot-to-do-to-convince-zimbabweans-to-have-confidence-in-the-local-currency/) - Zimbabwe President Emmerson Mnangagwa has a lot of work to do to convince Zimbabweans to have confidence in the local currency again, a local economist and member of the Reserve Bank of Zimbabwe’s Monetary Policy Committee said today.. Writing in the Herald today, Persistence Gwanyanya said the confidence crisis can be traced to the hyper-inflationary
- [South African court hears how diesel consignment to Zimbabwe ‘disappeared’](https://insiderzim.com/south-african-court-hears-how-diesel-consignment-to-zimbabwe-disappeared/) - British oil company BP claimed to have exported a consignment of diesel to Zimbabwe in 2019 – but the fuel never arrived. A case brought by the South African Revenue Service (SARS) in a South African court says that BP was paid the equivalent of US$12 million in tax rebates for a consignment of around
- [Who got what from the Zimbabwe foreign currency auction in December](https://insiderzim.com/who-got-what-from-the-zimbabwe-foreign-currency-auction-in-december/) - Nearly 500 businesses benefited from the foreign currency auction system in December getting US$16.7 million. A total of US$685.4 million was paid out with the bulk, US$651 million coming from foreign currency accounts. And probably for the first time, the interbank market paid out more than the auction disbursing US$17.6 million. So far US$4.1 billion
- [Zimbabwe foreign currency auction now accounts for only 8% of foreign payments](https://insiderzim.com/zimbabwe-foreign-currency-auction-now-accounts-for-only-8-of-foreign-payments/) - Foreign currency obtained from the auction, introduced in June 2020 to revive the productive sector, last year accounted for only 8% of the US$9.3 billion that was paid out. The auction accounted for only US$760 million while US$8.3 billion came from foreign currency accounts. The interbank market paid only US$160 million. More than US$4 billion
- [Zimbabwe among 5 countries with the most expensive fuel in Africa](https://insiderzim.com/zimbabwe-among-5-countries-with-the-most-expensive-fuel-in-africa/) - Zimbabwe has been ranked as the 5th country with the most expensive fuel in Africa according to a list compiled by GlobalPetrolPrices.com for 8 January 2024. Central African Republic tops the list followed by Senegal, Seychelles and Morocco. Libya has the cheapest fuel on the continent at only US$0.031 just slightly higher than Iran which
- [Zimbabwe dollar over 90% weaker than it was in 2023](https://insiderzim.com/zimbabwe-dollar-over-90-weaker-than-it-was-in-2023/) - The Reserve Bank of Zimbabwe has allowed the Zimbabwe dollar to fall sharply by 21% this week, a drop that leaves the currency 91% weaker than it was this time last year. With an anticipated drop in mineral earnings this year and a bigger import bill due to the drought, demand for the USD will
- [Zimbabwe Meikles boss made nearly US$100 million in 2023](https://insiderzim.com/zimbabwe-meikles-boss-made-nearly-us100-million-in-2023/) - Zimbabwe business magnate John Moxon recorded a notable surge in the market value of his stake in Meikles Limited, increasing by nearly US$100 million in 2023 thanks to the sustained surge in the shares of the leading retail conglomerate. Moxon, a prominent figure in Zimbabwe’s business landscape, saw the market value of his stake in
- [Zimbabwe says there should be no increase in the prices of basic goods because they are exempt from value added tax](https://insiderzim.com/zimbabwe-says-there-should-be-no-increase-in-the-prices-of-basic-goods-because-they-are-exempt-from-value-added-tax/) - The Ministry of Finance today said the prices of basic goods like bread, milk, cooking oil, mealie meal, sugar and flour should not be increased because they are exempt from value added tax. In a statement clarifying some of the tax measures in the 2024 budget, Finance Minister Mthuli Ncube said increases in the prices
- [Zimbabwe’s gold deliveries down 15% in 2023](https://insiderzim.com/zimbabwes-gold-deliveries-down-15-in-2023/) - Zimbabwe’s gold deliveries fell by 15% in 2023, as the industry felt the impact of rising costs, power shortages and government’s policy on the currency. Deliveries to official gold buyer Fidelity ended the year at 30.1 tonnes, down from 35.6 tonnes in 2022. The 2022 haul was a record, driven by new mining projects at
- [Chamisa under fire for paying tribute to Chitepo](https://insiderzim.com/chamisa-under-fire-for-paying-tribute-to-chitepo/) - Citizens Coalition for Change leader Nelson Chamisa today came under fire after he paid tribute to the late Zimbabwe African National Union chairman Herbert Chitepo. Chitepo was assassinated in March 1975, a few months after nationalist leaders including Ndabaningi Sithole and Robert Mugabe were released by Rhodesian Prime Minister Ian Smith after 10 years in
- [Chamisa told you should have been an advisor not a leader](https://insiderzim.com/chamisa-told-you-should-have-been-an-advisor-not-a-leader/) - An irate follower of Citizens Coalition for Change leader Nelson Chamisa has told him that he should have been an advisor and not a leader because an advisor never gets into battle while a leader is not afraid to sacrifice himself. @Justchilled16 was responding to a post by Chamisa on his X handle which said:
- [Tshabangu says he is opposition to the core - he will not join or work with ZANU-PF](https://insiderzim.com/tshabangu-says-he-is-opposition-to-the-core-he-will-not-join-or-work-with-zanu-pf/) - Self-proclaimed interim secretary general of the Citizens Coalition for Zimbabwe, Sengezo Tshabangu, who has caused havoc within the party by recalling legislators elected in August, says he is opposition to the core and has no intention of joining or working with the Zimbabwe African National Union-Patriotic Front. He says he has no intention of leading
- [Why the United States is interested in Zimbabwe so much - former US ambassador](https://insiderzim.com/why-the-united-states-is-interested-in-zimbabwe-so-much-former-us-ambassador/) - The United States is interested in Zimbabwe because it is of strategic importance to Washington as it has the potential to become the growth hub for Southern Africa. This is said in an article by former United States to Zimbabwe, Charles Ray, who is now a member of the Board of Trustees and Chair of
- [15 African countries holding elections this year](https://insiderzim.com/15-african-countries-holding-elections-this-year/) - Fifteen African countries, including five from Southern Africa, will be holding elections this year. South Africa and Madagascar will be holding their elections in May, Mozambique and Botswana in October and Namibia in November. More than 300 million people will take part in the elections across the continent. Below is the list of countries holding
- [Zimbabwe ranked among the best countries in the world in 2023 by US News and World Report](https://insiderzim.com/zimbabwe-ranked-among-the-best-countries-in-the-world-in-2023-by-us-news-and-world-report/) - Zimbabwe, often regarded as a pariah state and even looked down upon by its own people, has been ranked one of the best countries in the world in 2023 by a United States publication, US News & World Report. The ranking covered 87 countries with Zimbabwe coming in at number 76. The study and model
- [2023- the year Chamisa sold out](https://insiderzim.com/2023-the-year-chamisa-sold-out/) - Citizens Coalition for Change leader Nelson Chamisa has been selling hope to his supporters for the past six years but at the same time he has been systematically tearing the party apart. This has fuelled speculation that while Chamisa and his supporters have been labelling anyone who disagrees with him a ZANU-PF agent, he is
- [Is Chamisa who his supporters think he is?](https://insiderzim.com/is-chamisa-who-his-supporters-think-he-is/) - On 15 February 2018, a colleague of mine, dating back to 1996, phoned me and said: “Mukoma tanyudzwa.” I was a bit lost on what he was talking about, so I asked: “What do you mean?” “Musangano waenda,” he said. I knew that, as most young men, he was sympathetic to the Movement for Democratic
- [What does Tsvangirai’s mother know about Chamisa that we don’t?](https://insiderzim.com/what-does-tsvangirais-mother-know-about-chamisa-that-we-dont/) - Things seemed to be going on well for acting Movement for Democratic Change president Nelson Chamisa until the mother of party leader Morgan Tsvangirai arrived in Harare with his body last night. On Tuesday 11 of the 15 members of the party’s national standing committee met at the party headquarters and agreed to meet on
- [Zimbabwe owes seed companies US$62 million - industry now in crisis](https://insiderzim.com/zimbabwe-owes-seed-companies-us62-million-industry-now-in-crisis/) - The government got seed worth over US$62 million from seed companies and never paid for it, leaving producers in crisis in an already tough drought-hit season. The Zimbabwe Seed Association, a grouping of seed companies, says its members are owed almost half of the payments for seed supplied to the government last season, while “nearly
- [84% of Zimbabweans abroad left the country in search of jobs - 86% have lower secondary education](https://insiderzim.com/84-of-zimbabweans-abroad-left-the-country-in-search-of-jobs-86-have-lower-secondary-education/) - An overwhelming number of Zimbabweans who have left the country have done so to look for jobs and most of them have less than lower secondary education, the World Bank says In a blog published yesterday, the bank says 84% of those who left Zimbabwe went to look for jobs and 86% had less than
- [Smack in the face for Chamisa as Mafume is elected mayor of Harare](https://insiderzim.com/smack-in-the-face-for-chamisa-as-mafume-is-elected-mayor-of-harare/) - Citizens Coalition for Change leader Nelson Chamisa suffered a terrible blow yesterday when his preferred candidate for mayor of Harare Elvis Ruzani was beaten by former mayor Jacob Mafume, a clear indication that self-proclaimed interim secretary general Sengezo Tshabangu is gaining an upper hand within the main opposition party. Mafume is a former member of
- [More power woes for Zimbabwe as Kariba to get the lowest ever water allocation for electricity generation in 2024](https://insiderzim.com/more-power-woes-for-zimbabwe-as-kariba-to-get-the-lowest-ever-water-allocation-for-electricity-generation-in-2024/) - Zambia and Zimbabwe will be allocated the least amount of water on record for electricity generation next year due to plunging levels at Lake Kariba. The Zambezi River Authority, co-owned by the two governments which manages the dam, will allocate the countries 16 billion cubic meters of water to be shared equally next year, Zambia’s
- [Red Cross describes cholera outbreak in Zimbabwe as one of the 10 unreported disasters of 2023](https://insiderzim.com/red-cross-describes-cholera-outbreak-in-zimbabwe-as-one-of-the-10-unreported-disasters-of-2023/) - The International Federation of the Red Cross has described the cholera outbreak in Zimbabwe as one of the “ten deadly emergencies” of 2023 that did not get much world media attention. “These ten deadly emergencies from 2023 didn't get much love from global media but they were just as heart-breaking and life-changing to the people
- [Why Zimbabwe presented its 2024 budget in Zimdollars when 80% of transactions are in US dollars](https://insiderzim.com/why-zimbabwe-presented-its-2024-budget-in-zimdollars-when-80-of-transactions-are-in-us-dollars/) - Zimbabwe presented its 2024 budget in Zimbabwe dollars, though more than 80% of the transactions in the country are in United States dollars, because people must accept that the Zimbabwe dollar is the country’s domestic currency, Finance Minister Mthuli Ncube said. He was responding to contributions in the Senate during the debate for next’s budget.
- [Zimbabwe Police list 30 drug barons and suppliers convicted recently](https://insiderzim.com/zimbabwe-police-list-30-drug-barons-and-suppliers-convicted-recently/) - Zimbabwe police have released the names of 30 drug barons and suppliers who were recently convicted as part of their name and shame exercise in the fight against drug abuse. Here is the list: Continued next page Continued next page Continued next page
- [Is Britain still seeking a political settlement in Zimbabwe?](https://insiderzim.com/is-britain-still-seeking-a-political-settlement-in-zimbabwe/) - Britain is committed to a constructive dialogue with Zimbabwe to support governance and economic reforms, Minister for Development and Africa Andrerw Mitchell said yesterday. He was responding to a series of questions from Tony Llyod who wanted to know what the Foreign, Commonwealth and Development Office was doing to: engage with the Zimbabwean authorities on
- [Zimbabwe government bureaucracy stalls promising 20MW solar project](https://insiderzim.com/zimbabwe-government-bureaucracy-stalls-promising-20mw-solar-project/) - Government bureaucracy has left one of the country’s most promising solar projects needing business rescue, reflecting the frustrations that many potential energy investors face in Zimbabwe. The 20MW Harava solar project in Seke won approval from the Zimbabwe Investment Development Agency in February 2022. This attracted interest from the Equatoria Guinea Sovereign Wealth Fund, which
- [Chamisa losing control of CCC](https://insiderzim.com/chamisa-losing-control-of-ccc/) - Citizens Coalition for Change leader Nelson Chamisa seems to be losing control of the party though his supporters on the social media platform X are painting a totally different picture. Nominations to fill six national assembly seats left vacant after self-proclaimed interim secretary general Sengezo Tshabangu showed that the party was indeed divided after half
- [Five signs you’re being scammed](https://insiderzim.com/five-signs-youre-being-scammed/) - Consumers are under a lot of financial strain. The World Economic Forum reports that the cost-of-living crisis is affecting people across the globe. With food and fuel prices rising, it’s becoming increasingly difficult to keep financially afloat. On top of that, salaries aren’t keeping up with inflation, making it more difficult to save and build
- [CEO of US company that said it would invest in CSC-Boustead Beef arrested for wire fraud](https://insiderzim.com/ceo-of-us-company-that-said-it-would-invest-in-csc-boustead-beef-arrested-for-wire-fraud/) - The chief executive officer of United States-based Ethos Asset Management, which said last year it would invest an undisclosed amount in CSC-Boustead Beef, was arrested last month on charges of wire fraud. Carlos Manuel Da Silva Santos, a Portuguese national, was arrested in Newark, New Jersey as he arrived in the United States from abroad.
- [Mthuli Ncube’s 2024 budget concessions in full](https://insiderzim.com/mthuli-ncubes-2024-budget-concessions-in-full/) - Finance Minister Mthuli Ncube has revised passport and tollgate fees as well as the wealth tax, among many other concessions, in response to contributions from Members of Parliament. Ncube said this year’s budget debate had been the most robust in the five years that he has been in Parliament. He said that the tax revenues
- [UK and USA major violators of human rights in Zimbabwe-former minister](https://insiderzim.com/uk-and-usa-major-violators-of-human-rights-in-zimbabwe-former-minister/) - The United Kingdom and the United States are the major violators of human rights in Zimbabwe because sanctions which they imposed on Harare more than two decades ago are causing untold suffering on ordinary Zimbabweans. Former Deputy Finance Minister Clemence Chiduwa said some of the rights that have been infringed because of sanctions are: the
- [What transpired in Parliament yesterday before CCC members were kicked out](https://insiderzim.com/what-transpired-in-parliament-yesterday-before-ccc-members-were-kicked-out/) - Citizens Coalition for Change Members of Parliament were kicked out of the House yesterday after they started chanting: Ndimi makauraya hazvina mhosva pahukama before the swearing in of Mabvuku-Tafara legislator Scott Sakupwanya. Police had to be called in after the legislators refused to leave the House saying it was their right to express themselves. One
- [Senator calls on ZACC to employ more women to address gender disparity](https://insiderzim.com/senator-calls-on-zacc-to-employ-more-women-to-address-gender-disparity/) - A Senator has called on the Zimbabwe Anti-Corruption Commission to employ more women to rectify the gender disparity in the organisation. Senator Esther Nyathi said according to the ZACC annual report for 2022, only 73 females were employed by the commission out of a staff of 178. “I feel the disparity is too much. There
- [US sanctions on Zimbabwe similar to apartheid South Africa’s destabilisation of Frontline States](https://insiderzim.com/us-sanctions-on-zimbabwe-similar-to-apartheid-south-africas-destabilisation-of-frontline-states/) - The United States’s sanctions on Zimbabwe, which have crippled the nation for more than two decades, are similar to apartheid South Africa destabilisation of Frontline States as this was aimed at entrenching the Frontline States’s dependency on South Africa. Zimbabwe has lost billions of dollars because of sanctions and cannot access cheap loans for essential
- [More than 100 000 Zimbabweans live in UK](https://insiderzim.com/more-than-100-000-zimbabweans-live-in-uk/) - More than 100 000 Zimbabweans are now living in the United Kingdom and they should have a say on whether Zimbabwe is readmitted to the Commonwealth, a British legislator suggested yesterday. Ruth Jones, who wanted to know whether there had been any recent discussions on Zimbabwe’s readmission to the Commonwealth, asked Foreign and Commonwealth Minister
- [Zimbabwe Parliament plans to send delegation to US to lobby Biden to lift sanctions ](https://insiderzim.com/zimbabwe-parliament-plans-to-send-delegation-to-us-to-lobby-biden-to-lift-sanctions/) - The Parliament of Zimbabwe is planning to send a delegation to Washington to lobby United President Joe Biden to lift sanctions that have cost the country more than US$42 billion since they came into force more than 20 years ago. Energy Mutodi who introduced the motion in Parliament yesterday said the delegation would also lobby
- [Zimbabwe drugs barons and suppliers - list](https://insiderzim.com/zimbabwe-drugs-barons-and-suppliers-list/) - Zimbabwe police have released a list of drug barons and dealers in a name and shame exercise to eliminate drug and substance abuse in the country. Below is the list: Continued next page
- [Zimbabwe dollar falls by $75 but black market goes haywrire](https://insiderzim.com/zimbabwe-dollar-falls-by-75-but-black-market-goes-haywrire/) - The Zimbabwe dollar today fell by $75.59 to $5 903.39 against the United States dollar but the blackmarket rate has gone haywire and is now at $9 800 according to Zimpricecheck. Offers at the auction ranged from $5 850 to $6 225 way below the black market and mobile money rate which is $9 600.
- [Charamba gives Mzembi 24 hours to tell the truth about how he skipped the country following the 2017 “coup”](https://insiderzim.com/charamba-gives-mzembi-24-hours-to-tell-the-truth-about-how-he-skipped-the-country-following-the-2017-coup/) - President Emmerson Mnangagwa’s spokesman George Charamba has given former Foreign Affairs Minister Walter Mzembi 24 hours to tell the truth about how he skipped the country following the military intervention that led to President Robert Mugabe’s resignation in November 2017. This was after Mzembi said he was the last man during November 2017 and was
- [Chamisa says he is charged and fired up](https://insiderzim.com/chamisa-says-he-is-charged-and-fired-up/) - Citizens Coalition for Change leader Nelson Chamisa, whose party is under siege after self-proclaimed interim secretary-general Sengezo Tshabangu recalled several legislators and the High Court barred those recalled from contesting by-elections held at the weekend, today said he is charged and fired up. Chamisa’s statement has left some of his followers baffled with one saying:
- [Chamisa insists hatiperi power as party continues to be clobbered by Tshabangu](https://insiderzim.com/chamisa-insists-hatiperi-power-as-party-continues-to-be-clobbered-by-tshabangu/) - Citizens Coalition for Change leader Nelson Chamisa today said he will continue to forge ahead as his party lost the battle to contest tomorrow’s by-elections after 22 legislators were recalled by self-styled interim secretary general Sengezo Tshabangu. The High Court yesterday ruled that the candidates that were recalled could not contest tomorrow’s by-elections. The party
- [Why Judge Chitapi barred Tshabangu from making further recalls of CCC legislators](https://insiderzim.com/why-judge-chitapi-barred-tshabangu-from-making-further-recalls-of-ccc-legislators/) - It may now be merely academic but The Insider has found it necessary to publish Justice Tawanda Chitapi’s judgement on why he issued a provisional order barring self-proclaimed Citizens Coalition for Change interim secretary general Sengezo Tshabangu from making further recalls of legislators who were elected in August under the CCC ticket. Tshabangu had already
- [Tshabangu promises further recalls after winning case that MPs he recalled cannot contest by-elections](https://insiderzim.com/tshabangu-promises-further-recalls-after-winning-case-that-mps-he-recalled-cannot-contest-by-elections/) - Drama within the Citizens Coalition for Change never ceases as High Court Judge Never Katiyo today ruled that legislators recalled by self-proclaimed interim secretary-general Sengezo Tshabangu cannot contest the elections scheduled for Saturday, 9 December. Katiyo said the names of the candidates should not appear on the ballot papers which apparently have already been printed.
- [Why is it that for the US democracy must not be undermined in Zimbabwe but not in Palestine?](https://insiderzim.com/why-is-it-that-for-the-us-democracy-must-not-be-undermined-in-zimbabwe-but-not-in-palestine/) - United States educated former Zimbabwean minister Jonathan Moyo has blasted Washington for introducing new visa restrictions on Zimbabwe and has literally called on Harare to cut off diplomatic relations with the US. Responding to the new visa restrictions on those undermining democracy in Zimbabwe announced by US secretary of State Antony Blinken yesterday, Moyo said:
- [Zimbabwe central bank calls for increased use of local currency to pay taxes as Zimdollar falls to $5 827.80 to the US dollar](https://insiderzim.com/zimbabwe-central-bank-calls-for-increased-use-of-local-currency-to-pay-taxes-as-zimdollar-falls-to-5-827-80-to-the-us-dollar/) - The Reserve Bank of Zimbabwe has called on the government to continue increasing the proportion of taxes paid in local currency to shore up the Zimbabwe dollar which today fell by $37.74 to average $5 827.7972 to the United States dollar. The central bank’s Monetary Policy Committee, which met on Friday last week, said that
- [Zimbabwe diaspora remittances have surpassed FDI and Aid for more than 10 years](https://insiderzim.com/zimbabwe-diaspora-remittances-have-surpassed-fdi-and-aid-for-more-than-10-years/) - Remittances from Zimbabweans abroad have surpassed foreign direct investment, portfolio investment and official development assistance since 2009. According to the Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met last Friday, remittances accounted for 16% of the US$9.4 billion that came into the country in the 10 months to the end of October this year.
- [New US visa restrictions on Zimbabwe, who is affected?](https://insiderzim.com/new-us-visa-restrictions-on-zimbabwe-who-is-affected/) - The United States has imposed new visa restrictions on Zimbabweans allegedly undermining democracy in the country but ironically states that these restrictions at not targeted at Zimbabwean people but at unnamed specific individuals. The new restrictions are couched in the same language used in the imposition of sanctions on Zimbabwe and were announced by US
- [Is Zimbabwe planning to sell its airports and a major highway?](https://insiderzim.com/is-zimbabwe-planning-to-sell-its-airports-and-a-major-highway/) - Three major airports and a key highway may soon be in private hands, if an “asset recycling” proposal by Finance Minister Mthuli Ncube goes ahead. Last week, Ncube more than doubled toll gate fees as part of a gamut of new taxes under his 2024 budget. The reasons for his controversial move may, at least
- [Zimbabwe aims to be 5th largest lithium producer in the world](https://insiderzim.com/zimbabwe-aims-to-be-5th-largest-lithium-producer-in-the-world/) - Chinese investors racing to secure lithium supplies could help Zimbabwe rise to become the world's fifth biggest primary producer of the material that's vital to battery electric vehicles and the green revolution, mining consultancy CRU said. The lithium industry in Africa's top producer has rapidly expanded, buoyed by about US$1 billion of investments during the
- [Zimbabwe’s 2024 citizens’ budget](https://insiderzim.com/zimbabwes-2024-citizens-budget/) - Zimbabwe Finance Minister Mthuli Ncube, who is under fire for coming up with an anti-poor 2024 budget, has come up with what he calls a citizens’ budget. In an explanatory note, he says: “A citizen budget is a simplified and accessible summary of a government's national budget, designed to inform and engage ordinary citizens in
- [Why is Mahere lying?](https://insiderzim.com/why-is-mahere-lying/) - Mount Pleasant Member of Parliament Fadzayi Mahere who joined Parliament four months ago has given the impression that the government is trying to avoid scrutiny of the 2024 budget by adjourning Parliament to 12 December claiming that the budget should have been debated soon after presentation. A check with Hansard, the Parliamentary record, shows that
- [Why Zimbabwe has introduced extensive revenue-raising measures in its 2024 budget](https://insiderzim.com/why-zimbabwe-has-introduced-extensive-revenue-raising-measures-in-its-2024-budget/) - Zimbabwe has embarked on extensive revenue-raising measures to mitigate fiscal risks in a year where fiscal revenues from exports will likely trend at best sideways, as commodity prices remain under pressure, IH Securities says in its analysis of the 2024 budget. It says high levels of dollarisation have also driven transactions into the shadow economy
- [Chamisa under fire after criticising 2024 budget- says never expect a good budget from a bad government](https://insiderzim.com/chamisa-under-fire-after-criticising-2024-budget-says-never-expect-a-good-budget-from-a-bad-government/) - Opposition Citizens Coalition for Change leader Nelson Chamisa has come under fire after condemning the 2024 Zimbabwe budget saying it is an absolute disgrace and a mockery of our independence. “A DISASTROUS BUDGET.. The proposed tax measures is an absolute disgrace and a reminder that Rhodesia is back,” Chamisa said on his X handle, referring
- [Tshabangu wins CCC legislators recall case again](https://insiderzim.com/tshabangu-wins-ccc-legislators-recall-case-again/) - Self-proclaimed Citizens Coalition for Change interim secretary general Sengezo Tshabangu has won the case in which he recalled Members of Parliament, Senators and councillors after the Supreme Court threw out an appeal by the CCC because it was fatally defective. Tshabangu first won the case at the beginning of last month after Justice Munamato Mutevedzi
- [Who is getting what in Zimbabwe 2024 budget](https://insiderzim.com/who-is-getting-what-in-zimbabwe-2024-budget/) - Zimbabwe has unveiled a $58.2 trillion budget with nearly 18% of the amount going to education. Primary and Secondary education is getting $8 trillion while Higher and Tertiary education was allocated $2.4 trillion. Health is second with $6.3 trillion followed by Lands and Agriculture with $4.3 trillion. Home Affairs with $3.9 trillion is next followed
- [How Mthuli Ncube’s 2024 budget will hit your pocket](https://insiderzim.com/how-mthuli-ncubes-2024-budget-will-hit-your-pocket/) - From taxes on fizzy drinks, higher toll gate fees and lithium levies, Finance Mthuli Ncube has brought a battery of new taxes under his 2024 budget. With little external support, Ncube is putting the squeeze on the public to raise money to pay for everything from road rehabilitation to cancer treatment. Here, we summarise how
- [Bonyongwe removed from US sanctions list](https://insiderzim.com/bonyongwe-removed-from-us-sanctions-list/) - Former Zimbabwe intelligence boss Happyton Bonyongwe who also served as Justice Minister for less than two months has been removed from the United States sanctions list. Bonyongwe, a former army brigadier who served as the central intelligence Organisation boss from 2002, was appointed Justice Minister in October 2017 a month before President Robert Mugabe was
- [Zimbabwe orders lithium miners to submit refinery plans by March](https://insiderzim.com/zimbabwe-orders-lithium-miners-to-submit-refinery-plans-by-march/) - Zimbabwe has given lithium miners up to March 2024 to submit plans for the local production of battery-grade lithium in a bid to benefit from growing demand for the clean energy mineral, Finance Minister Mthuli Ncube said today. Africa's top lithium producer last year banned the export of lithium ore and has imposed a 5%
- [Zimbabwe presents $58.2 trillion budget for 2024](https://insiderzim.com/zimbabwe-presents-58-2-trillion-budget-for-2024/) - Zimbabwe Finance Minister Mthuli Ncube today presented a $58.2 trillion budget for 2024, a 14-fold increase from this year’s $4.3 trillion. He, however, said the economy is expected to shrink from 5.5% this year to 3.5% next year. Inflation is projected to end the year at 20% and then fall to between 10% and 20%
- [Chief Charumbira says most women are battered for demanding sex from their husbands](https://insiderzim.com/chief-charumbira-says-most-women-are-battered-for-demanding-sex-from-their-husbands/) - Chief Fortune Charumbira says most women are beaten up by their husbands for demanding their conjugal rights. He told the Senate yesterday that it was not part of the African culture for men to beat their wives. It was also not true that most men beat their wives because they had paid Lobola for them.
- [More than 21 000 Zimbabweans join the UK health system in 12 months](https://insiderzim.com/more-than-21-000-zimbabweans-join-the-uk-health-system-in-12-months/) - The number of Zimbabweans who moved to the United Kingdom to do health and care work rose by 169% in the year to September, deepening the skills crisis in the country. Migration is rising as Zimbabweans seek refuge from high inflation and unemployment. Critical workers such as healthcare professionals and teachers are among those leaving
- [Zimbabwe dollar sheds $15.78 to $5 790.05 to the US dollar](https://insiderzim.com/zimbabwe-dollar-sheds-15-78-to-5-790-05-to-the-us-dollar/) - The Zimbabwe dollar today shed only $15.78 to average $5 790.0545 to the United States dollar despite inflation rising by nearly four percentage points to 21.6% this month. Offers ranged from $5 785 to $5 820. According to Zimpricecheck, the dollar has a buying rate of $7 000 and a selling rate of $8 000
- [China dominates Zimbabwe exports, South Africa rules on imports](https://insiderzim.com/china-dominates-zimbabwe-exports-south-africa-rules-on-imports/) - China accounted for nearly two-fifths of Zimbabwe’s exports in October while South Africa accounted for the bulk of Zimbabwe’s imports. Figures released by the Zimbabwe National Statistics Agency show that Zimbabwe exports rose by 22.7% from US$678.1 million in September to US$831.9 million in October. Imports rose by 16.7% from US$772.2 million to US$901.5 million.
- [Zimbabwe inflation up in November](https://insiderzim.com/zimbabwe-inflation-up-in-november/) - Zimbabwe’s annual inflation went up by 3.8 percentage points and month-on-month by two percentage points in November, figures released by the Zimbabwe National Statistics Agency today said. Annual inflation went up from 17.8% in October to 21.6% while month-on-month inflation rose from 2.5% to 4.5%. Zimbabwe is battling to maintain currency stability and has allowed
- [Mnangagwa at one time thought of quitting government but he is now president](https://insiderzim.com/mnangagwa-at-one-time-thought-of-quitting-government-but-he-is-now-president/) - Zimbabwe President Emmerson Mnangagwa nearly quit the government when he was “demoted” from Minister of State for National Security to Minister of Justice in March 1988 as he had been eyeing to become either Minister of Defence or Home Affairs, a United States embassy cable says. Mnangagwa had been Minister of National Security from Independence
- [Pick n Pay Zimbabwe banking on currency policy shift](https://insiderzim.com/pick-n-pay-zimbabwe-banking-on-currency-policy-shift/) - Pick n Pay is reporting some revival in sales, after volumes fell by 10% in the half-year to August, but says it is banking on a change to the currency policy to sustain recovery. Results from the country’s two largest supermarkets are currently being closely watched, as they reflect the impact of the government’s exchange
- [Tshabangu tells Chamisa it’s too late to talk now](https://insiderzim.com/tshabangu-tells-chamisa-its-too-late-to-talk-now/) - Self-proclaimed interim secretary general of the Citizens Coalition for Change Sengezo Tshabangu today said he received a call from CCC leader Nelson Chamisa requesting a dialogue but he says he told Chamisa it was too late because the matter was now in the courts. CCC has taken Tshabangu to court for recalling several legislators and
- [CCC mandates Chamisa to pursue dialogue with Mnangagwa but….](https://insiderzim.com/ccc-mandates-chamisa-to-pursue-dialogue-with-mnangagwa-but/) - The Citizens Coalition for Change, which is currently under siege following recalls of its legislators by self-proclaimed interim secretary general Sengezo Tshabangu, has mandated its leader Nelson Chamisa to pursue dialogue with President Emmerson Mnangagwa saying this is the only way to decisively resolve the country’s ongoing and worsening political crisis. The party’s Citizens National
- [The long wait- Mugabe to hang on for another three weeks](https://insiderzim.com/the-long-wait-mugabe-to-hang-on-for-another-three-weeks/) - President Robert Mugabe has just addressed the nation but did not tell Zimbabweans what they wanted to hear. Most people were expecting Mugabe to announce his resignation following yesterday massive march and today’s ZANU-PF central committee decision to replace him as party leader with Emmerson Mnangagwa. Mugabe acknowledged that squabbles within the party had led
- [Does Sikhala have the answer to the current chaos in CCC?](https://insiderzim.com/does-sikhala-have-the-answer-to-the-current-chaos-in-ccc/) - Self-proclaimed interim secretary general of the Citizens Coalition for Change Sengezo Tshabangu may have inadvertently given a possible reason why opposition leader Job Sikhala continues to be detained, 527 days since his arrest. He may have the answer to the present chaos in the CCC. Sikhala chaired the meeting at which it was decided to
- [Zimbabwe dollar down to $5774.28 to the United States dollar](https://insiderzim.com/zimbabwe-dollar-down-to-5774-28-to-the-united-states-dollar/) - The Zimbabwe dollar today shed $18.57 to average $5 774.2758 to the United States dollar as it continued its gradual slide against the greenback. The rate of the decline has, however, slowed down with most of the transactions now in United States dollars. The central bank and business are calling for the increased use of
- [Tshabangu recalls 13 more MPs and 5 Senators, but….](https://insiderzim.com/tshabangu-recalls-13-more-mps-and-5-senators-but/) - Self-proclaimed interim secretary general of the Citizens Coalition for Change Sengezo Tshabangu has recalled 13 more Members of Parliament and five Senators. He recalled the legislators on Friday, 10 November, but the recalls were only effected in both houses today. Among those recalled were deputy spokesman Gift Ostallos Siziba and chief whip Amos Chibaya. Below
- [Recall of CCC legislators stands- Zimbabwe Speaker](https://insiderzim.com/recall-of-ccc-legislators-stands-zimbabwe-speaker/) - Zimbabwe Speaker of Parliament Jacob Mundenda told Parliament today that the recalling of 18 Citizens Coalition for Change legislators, 13 from the lower house and five from the Senate, still stands as the effective date of the recall was 7 November, long before the High Court ordered the recalls to stop. He said this in
- [Tshabangu says I am unstoppable](https://insiderzim.com/tshabangu-says-i-am-unstoppable/) - Self-proclaimed Citizens Coalition for Change interim secretary-general, who has so far recalled nearly 50 legislators, says he is unstoppable but he received a lot of flak from his followers including four-letter word insults. Tshabangu has been ordered by the court to stop further recalls. The case will be heard on 20 November. Despite the court
- [Zimbabwe dollar drops by $17 to $5 755.081](https://insiderzim.com/zimbabwe-dollar-drops-by-17-to-5-755-081/) - The Zimbabwe dollar today dropped by $16.99 to average $5 755.081 against the United States dollar. The local currency has been on the slide for more than four months but the drop has been gradual. Offers ranged from $5 745 to $5 781.
- [Chamisa over the moon after being told he is more popular than Econet and mutoriro](https://insiderzim.com/chamisa-over-the-moon-after-being-told-he-is-more-popular-than-econet-and-mutoriro/) - Beleaguered Citizens Coalition for Change leader Nelson Chamisa today said a post by former Chivi Zimbabwe African National Union-Patriotic Front legislator Killer Zivhu that he was more popular than Econet had killed him. Zivhu said: “Chamisa is now popular more than Econet, Netone, Ecocash, Mukuru, ZEC and kambucha, even mutoriro or mbanje in not popular
- [Chamisa says focus on me not Tshabangu](https://insiderzim.com/chamisa-says-focus-on-me-not-tshabangu/) - Citizens Coalition for Change leader Nelson Chamisa says people should focus on him and not on self-proclaimed interim secretary general Sengezo Tshabangu who has caused chaos within the party by recalling legislators elected in August. This was after the CCC leader had said: “HATE is not politics. DIFFERENCE is. ENMITY is not politics. FAIR COMPETITION
- [Mahere blasts the Zimbabwe Anti-Corruption Commission for doing a shoddy job](https://insiderzim.com/mahere-blasts-the-zimbabwe-anti-corruption-commission-for-doing-a-shoddy-job/) - Citizens Coalition for Change legislator for Mount Pleasant Fadzayi Mahere yesterday blasted the Zimbabwe Anti-Corruption Commission for coming up with a shoddy report for 2022 as it has zero exposes on the corruption and illicit financial flows that are draining the country of US$2.8 million a year. She said this during the debate on the
- [Tshabangu keeps his promise, recalls Harare mayor, CCC chief whip and spokesman](https://insiderzim.com/tshabangu-keeps-his-promise-recalls-harare-mayor-ccc-chief-whip-and-spokesman/) - Sengezo Tshabangu, the interim secretary-general of the Citizens Coalition for Change, has kept his promise to clean up Harare and has recalled mayor Ian Makone, his deputy Kudzai Kadzombe, seven other councillors, 16 Members of Parliament and eight senators. “My aim is to restore Constitutionalism,Democracy and indeed Tolerance, Ian Makone and his Deputy out,no one
- [Why Zimbabwe is facing a shortage of cement](https://insiderzim.com/why-zimbabwe-is-facing-a-shortage-of-cement/) - Zimbabweans can now freely import cement, the government says, a response to a doubling of prices caused by surging demand and depressed local production. Cement prices are rising due to a combination of factors; plant breakdowns and scheduled maintenance at the country’s major cement producers plus the expiry of import licences. All this has happened
- [Tshabangu goes for Harare but warned Harare is not Bulawayo](https://insiderzim.com/tshabangu-goes-for-harare-but-warned-harare-is-not-bulawayo/) - Self-proclaimed Citizens Coalition for Change interim secretary general Sengezo Tshabangu today said he is now going to clean up Harare and will be there before end of day today, but he was warned that Harare is not Bulawayo. Tshabangu, who has caused chaos within the opposition by recalling legislators and councillors elected only three months
- [CCC appeals High Court judgement on recalls](https://insiderzim.com/ccc-appeals-high-court-judgement-on-recalls/) - The Citizens Coalition for Change has appealed against the High Court judgement which threw out its case against the recalling of 15 Members of Parliament, nine Senators and 17 councillors by self-proclaimed interim secretary general Sengezo Tshabangu. Party deputy spokesman Gift Ostallos Siziba said the effect of the appeal was that it suspends the decision
- [Zimbabwe dollar drops to $5 738.72 to the US dollar](https://insiderzim.com/zimbabwe-dollar-drops-to-5-738-72-to-the-us-dollar/) - The Zimbabwe dollar continued its steady decline to the United States dollar shedding just $20 at the latest auction to average $5 738.217 to the greenback. Confidence seems to have returned to the local market after the government extended use of the multiple currency by five years to 2030 by which time it hopes to
- [I was born to build not to destroy or fight, Chamisa says](https://insiderzim.com/i-was-born-to-build-not-to-destroy-or-fight-chamisa-says/) - Citizens Coalition for Change leader Nelson Chamisa today said he was born with the mantle to build and not to destroy or fight but one of his X followers disputed this saying Chamisa’s leadership had shown tendencies of centralising power and sidelining opposition veterans. Chamisa has been under scrutiny following the recall of CCC legislators
- [US senator says Biden must remove Mnangagwa](https://insiderzim.com/us-senator-says-biden-must-remove-mnangagwa/) - It’s now in the open. The United States wants regime change in Zimbabwe. A United States senator says Washington must abandon any misguided belief that it can negotiate with Zimbabwe’s current leaders and must instead forge a coalition to remove the present government. Senator Jim Risch of the Senate Foreign Relations Committee yesterday said:“It is
- [Tshabangu now going for Chamisa](https://insiderzim.com/tshabangu-now-going-for-chamisa/) - Citizens Coalition for Change interim secretary general Sengezo Tshabangu says the cleansing of the party is going to start after today’s nomination for candidates to fill seats made vacant after he recalled 15 Members of Parliament, nine Senators and 17 councillors and no one, including party leader Nelson Chamisa,will be spared. The nomination court is
- [CCC lying ain’t funny anymore](https://insiderzim.com/ccc-lying-aint-funny-anymore/) - The lying by the Citizens Coalition for Change isn’t funny anymore. The party must be serious if it is a government in waiting, a follower of the party’s X handle said today. This was after the party posted a 6-point thread calling on the Southern African Development Community to take decisive action on Zimbabwe and
- [Ostallos Siziba’s political future on the line as Tshabangu threatens to recall him](https://insiderzim.com/ostallos-sizibas-political-future-on-the-line-as-tshabangu-threatens-to-recall-him/) - The political future of one of Citizens Coalition for Change leader Nelson Chamisa’s closest allies, Gift Ostallos Siziba, is on the line as self-proclaimed CCC interim secretary general Sengezo Tshabangu has threatened to recall him in what he termed a wave of restoring constitutionalism,democracy and tolerance within the opposition party. Tshabangu said Siziba is calling
- [What the SADC extraordinary summit in Luanda discussed](https://insiderzim.com/what-the-sadc-extraordinary-summit-in-luanda-discussed/) - The Southern African Development Community extraordinary summit in Angola today focussed on the security situation in the Democratic Republic of Congo but it also received an update on the elections in the SADC member states and noted the report of the SADC Election Observation Mission to the harmonised elections in the Republic of Zimbabwe held
- [CCC in denial after its MPs lose case on their recall](https://insiderzim.com/ccc-in-denial-after-its-mps-lose-case-on-their-recall/) - The Citizens Coalition for Change continues to bury its head in the sand after its legislators lost the case in which they were challenging their recall by self-proclaimed interim secretary general Dengezo Tshabangu. Instead of telling its followers that it had lost the case, the party said it had received the judgement and its lawyers
- [Big blow for CCC as recalled MPs lose case- Full judgement](https://insiderzim.com/big-blow-for-ccc-as-recalled-mps-lose-case-full-judgement/) - The Citizens Coalition for Change has suffered a big blow as legislators who were recalled by Sengezo Tshabangu who said he was the party’s interim secretary general have lost their case in a judgement that is likely to send shivers among those not yet recalled. Tshabangu recalled 15 Members of Parliament, nine Senators and 17
- [The Nelson Chamisa Wikileaks dossier](https://insiderzim.com/the-nelson-chamisa-wikileaks-dossier/) - Nelson Chamisa has been one of Prime Minister Morgan Tsvangirai’s strongest backers from his days at college. Former United States ambassador to Zimbabwe Christopher Dell also thought Chamisa had talent and was one of the exceptions in the party. Our initial search shows there are 74 cables that mention his name. Here are the cables
- [Zimbabwe should create super demand for its local currency, central bank governor says](https://insiderzim.com/zimbabwe-should-create-super-demand-for-its-local-currency-central-bank-governor-says/) - Zimbabwe should create super demand for its local currency to ensure that the economy sustains itself, Reserve Bank of Zimbabwe governor John Mangudya told parliamentarians yesterday. In his presentation at the pre-budget seminar being held at the new parliament building in Mt Hampden, Mangudya said the super demand will be achieved by compelling all sectors
- [Zimplats is cutting spending on its US$1.8bn projects](https://insiderzim.com/zimplats-is-cutting-spending-on-its-us1-8bn-projects/) - The drop in global platinum prices is forcing Impala Platinum to cut planned spending across its business, including at Zimplats, and this will hurt local suppliers and the economy. Platinum prices are down 15% so far in 2023 due to concerns over global economic growth and an anticipated slowdown in demand from vehicle makers. “Planned
- [The complete Chamisa Wikileaks cables](https://insiderzim.com/the-complete-chamisa-wikileaks-cables/) - Nelson Chamisa has been one of the pillars of the Movement for Democratic Change kicking off as national youth chairman. We have established 67 complete Wikileaks cables on him, and here they are. This weekend we have a special on one of ZANU-PF most controversial characters, flamboyant businessman Phillip Chiyangwa. Our initial search indicated that
- [Some incidents of violence against the opposition have always been questionable](https://insiderzim.com/some-incidents-of-violence-against-the-opposition-have-always-been-questionable/) - Some reports of violence against the opposition have always been questionable. The United States embassy in Harare said this 15 years ago adding that when one of those dealing with cases of violence against the opposition sought to discuss this with NelsonChamisa, who was the opposition spokesman at the time, he refused. According to a
- [Where Zimbabwe's US$3.4 billion investment is coming from and going](https://insiderzim.com/where-zimbabwes-us3-4-billion-investment-is-coming-from-and-going/) - The number of new investment licences issued rose by 12.5% in the third quarter, the Zimbabwe Investment Development Agency (ZIDA) says, despite concerns that the election period would slow down applications. CEO Tafadzwa Chinamo says ZIDA issued 180 new licences in the third quarter of 2023. These applications are for projects with an expected investment
- [Where to now for Chamisa as SADC endorses Zimbabwe elections?](https://insiderzim.com/where-to-now-for-chamisa-as-sadc-endorses-zimbabwe-elections/) - The Southern African Development Community has endorsed the recent elections in Zimbabwe but the Citizens Coalition for Change continues to bury its head in the sand calling on SADC to uphold its Observer Mission report. SADC chairman, Angolan President Joao Lourenco, in his opening remarks to the SADC extra ordinary summit yesterday said:“Your Excellencies, allow
- [Zimbabwe dollar continues its slide despite the extension of the use of the US dollar to 2030](https://insiderzim.com/zimbabwe-dollar-continues-its-slide-despite-the-extension-of-the-use-of-the-us-dollar-to-2030/) - The Zimbabwe dollar today dropped by $24.63 to average $5 18.4090 against the United States dollar. Zimbabwe last week extended the use of multiple currencies, dominated by the United States dollar, to 2030, reassuring a restive nation and the banking sector which had stopped US dollar loans. Offers ranged from $5 700 to $5 775.
- [Is there a conspiracy to keep Job Sikhala in prison?](https://insiderzim.com/is-there-a-conspiracy-to-keep-job-sikhala-in-prison/) - Opposition politician Job Sikhala has been in remand prison for more than 500 days. Former Higher Education Minister Jonathan Moyo said the right to bail is a fundamental right under the Constitution of Zimbabwe. Sikhala’s ordeal, therefore, smacks of heartless vindictiveness. But he asks a fundamental question: “Why have Sikhala’s lawyers not approached the Constitutional
- [Jonathan Moyo says Chamisa is planning a congress in November](https://insiderzim.com/jonathan-moyo-says-chamisa-is-planning-a-congress-in-november/) - Exiled Zimbabwe politician Jonathan Moyo, who has been off his X handle for two weeks, today said that Citizens Coalition for Change leader NelsonChamisa is planning an elective congress by the end of next month. He says Chamisa has tasked Amos Chibaya, who was previously the Movement for Democratic Change-Alliance national organising secretary, to organise
- [Tshabangu threatens to name and shame CCC MPs trying to bribe him](https://insiderzim.com/tshabangu-threatens-to-name-and-shame-ccc-mps-trying-to-bribe-him/) - Self-proclaimed Citizens Coalition for Change interim secretary general Sengezo Tshabangu has threatened to name and shame party leader Nelson Chamisa’s self-imposed CCC Members of Parliament whom he says are trying to bribe him to stop him from recalling them. Tshabangu has already recalled 15 MPs and 17 councillors claiming that they were imposed by Chamisa
- [Zimbabwe businesses welcome extension of multi-currency system to 2030](https://insiderzim.com/zimbabwe-businesses-welcome-extension-of-multi-currency-system-to-2030/) - Zimbabwe businesses have welcomed the move to extend the US dollar-dominated multi-currency system by five more years until December 2030. President Emmerson Mnangagwa declared the decision to extend the use of foreign currencies in settling domestic transactions in a Statutory Instrument gazetted on 2 October, which overrode an earlier regulation that had set 2025 as
- [Coltart gets a lot of flak after likening ZANU-PF to Nazis](https://insiderzim.com/coltart-gets-a-lot-of-flak-after-likening-zanu-pf-to-nazis/) - Bulawayo mayor David Coltart yesterday received a lot of flak after he likened the ruling Zimbabwe African National Union-Patriotic Front to Nazis. Responding to a post by British ambassador to Zimbabwe, Pete Vowles who said he had attended ZANU-PF’s national conference in Gweru as an observer, Coltart said: “Nazi rallies in Nuremberg were also very
- [Tshabangu says “I don’t hate Chamisa, I am targeting criminals surrounding him”](https://insiderzim.com/tshabangu-says-i-dont-hate-chamisa-i-am-targeting-criminals-surrounding-him/) - Citizens Coalition for Change interim secretary general Sengezo Tshabangu today said he does not hate party leader Nelson Chamisa but is targeting criminals surrounding him. He also disclosed that party deputy spokesman Gift Ostallos Siziba, one of those who have discredited Tshabangu, had requested a secret meeting with him in Bulawayo but he is not
- [Chamisa says Zimbabwe is a big prison- “we’re all in prison”](https://insiderzim.com/chamisa-says-zimbabwe-is-a-big-prison-were-all-in-prison/) - Citizens Coalition for Change leader Nelson Chamisa says Zimbabwe is a big prison and we are all in prison. He was responding to one of his X followers who said he was concerned about Job Sikhala’s continued detention. Chamisa had posted one of his feel-good tweets which read: “STORMS FORM AND NORM YOU..Storms are not
- [Zimbabwe extends use of US dollar to 2030](https://insiderzim.com/zimbabwe-extends-use-of-us-dollar-to-2030/) - Zimbabwe has extended the use of multiple currencies, dominated by the United States dollar, by five years to 2030 well after President Emmerson Mnangagwa’s term of office has expired. The use of multiple currencies was supposed to expire at the end of 2025 but Mnangagwa extended this to 2030 yesterday. Banks had stopped issuing loans
- [Tshabangu Hwende talk?](https://insiderzim.com/tshabangu-hwende-talk/) - Self-proclaimed Citizens Coalition for Change interim secretary general Sengezo Tshabangu today said CCC legislator Chalton Hwende called him saying he is backing Tshabangu’s move to bring constitutionalism to the party. Tshabangu recalled 15 Members of Parliament and 17 councillors and has been condemned by party leader Nelson Chamisa who says he is being used by
- [UK has not discussed Zimbabwe elections with SADC](https://insiderzim.com/uk-has-not-discussed-zimbabwe-elections-with-sadc/) - The United Kingdom has not discussed the recent elections in Zimbabwe with the Southern African Development Community though it has regular ministerial level discussions with its SADC counterparts, Minister of State in the Foreign, Commonwealth and Development Office Lord Ahmad said yesterday. He was responding to a question from Lord Oates who wanted to know
- [Tshabangu following the footsteps of Welshman Ncube, Biti and Mwonzora](https://insiderzim.com/tshabangu-following-the-footsteps-of-welshman-ncube-biti-and-mwonzora/) - Call him an impostor, a Zimbabwe African National Union-Patriotic Front puppet, or what other profanity, but self-proclaimed Citizens Coalition for Change interim secretary general Sengezo Tshabangu is doing exactly what every secretary general of the main opposition has done since the Movement for Democratic Change was formed in 1999. They have challenged the leadership over
- [SADC says sanctions on Zimbabwe are an atrocity](https://insiderzim.com/sadc-says-sanctions-on-zimbabwe-are-an-atrocity/) - The Southern African Development Community has described sanctions on Zimbabwe, now in force for more than 20 years, as an atrocity that is hindering its people from realising their full potential. SADC declared 25 October as Zimbabwe Anti-Sanctions Day four years ago at its summit in Tanzania. In a statement to mark Anti-Sanctions day today,
- [IMF says the premium on the back market at 30% is too high- outlines 3 key reforms](https://insiderzim.com/imf-says-the-premium-on-the-back-market-at-30-is-too-high-outlines-3-key-reforms/) - The International Monetary Fund has welcomed measures by the Zimbabwe government to stabilise the local currency but it said the parallel market premium at over 30% is still too high. It said this in a statement following a week-long staff visit to Harare from 18-25 October.The staff team was led by Wojchiech Maliszewski. The team
- [Zimbabwe lowers key interest rate from 150% to 130%](https://insiderzim.com/zimbabwe-lowers-key-interest-rate-from-150-to-130/) - Zimbabwe has lowered its key interest rate from 150% to 130% because it is pleased with the relative exchange rate and price stability obtaining in the economy since June 2023. The Reserve Bank of Zimbabwe Monetary Policy Committee, which met yesterday, said there was need to ensure that inflation expectations continued to be firmly anchored
- [Tshabangu to write SADC CCC has no problem with Mnangagwa](https://insiderzim.com/tshabangu-to-write-sadc-ccc-has-no-problem-with-mnangagwa/) - The tug-of-war between Citizens Coalition for Change leader Nelson Chamisa and self-proclaimed interim secretary general Sengezo Tshabangu continues with Tshabangu saying he is writing to the Southern African Development Community to tell them that CCC has no problem with the Zimbabwe government. Chamisa has refused to recognise President Emmerson Mnangagwa’s victory and is seeking fresh
- [Tshabangu vows to deal with Chamisa- “I want to reduce him to nothing,” he says](https://insiderzim.com/tshabangu-vows-to-deal-with-chamisa-i-want-to-reduce-him-to-nothing-he-says/) - Self-proclaimed Citizens Coalition for Change interim secretary-general Sengezo Tshabangu has vowed to deal with the party leader Nelson Chamisa for saying he does not know him. “I want to reduce him to nothing, I mean nothing because he can’t vow to say that he doesn’t know me,considering the suffering I endured (at) the hands of
- [Zimbabwe dollar down to $5 693.78 to the US dollar](https://insiderzim.com/zimbabwe-dollar-down-to-5-693-78-to-the-us-dollar/) - The Zimbabwe dollar today declined by $25.56 cents to average $5 693.7825 against the United States dollar as debate on the reintroduction of the local currency as the sole currency for the country resurfaced. President Emmerson Mnangagwa says his administration is going ahead with making the Zimbabwe dollar the sole currency because no country has
- [Chamisa says he would rather talk with ZANU-PF than its puppets](https://insiderzim.com/chamisa-says-he-would-rather-talk-with-zanu-pf-than-its-puppets/) - Citizens Coalition for Change leader Nelson Chamisa says he would rather engage the Zimbabwe African National Union-Patriotic Front than its puppets because ZANU-PF is behind all this embarrassing nonsense. He said this in response to calls for him to engage self-proclaimed CCC interim secretary-general Sengezo Tshabangu who has recalled 15 legislators and 17 councillors necessitating
- [5 steps Zimbabwe has to take to make the Zimbabwe dollar its sole currency](https://insiderzim.com/5-steps-zimbabwe-has-to-take-to-make-the-zimbabwe-dollar-its-sole-currency/) - When I wrote 2000 words on why it was not in our national interest to continue with the use of foreign currencies for domestic settlement, I thought the case was strong but I was surprised when our President took up the issue at a major meeting and stated quite clearly that we were going back
- [Can Mnangagwa drill 35 000 boreholes in one year?](https://insiderzim.com/can-mnangagwa-drill-35-000-boreholes-in-one-year/) - Zimbabwe President Emmerson Mnangagwa says the drilling of 35 000 solar-powered boreholes, one at every village, is uppermost during his second term and he intends to complete the project within a year as a way of preventing cholera outbreaks. He said this in his weekly column in the Sunday Mail where he said the eradication
- [Pick n Pay’s Zimbabwe profits down 56%](https://insiderzim.com/pick-n-pays-zimbabwe-profits-down-56/) - Pick n Pay says its share of earnings from Zimbabwe fell by 55.8% in the past six months, hit by inflation and exchange losses. The South African company holds 49% of TM Pick n Pay, with its partner Meikles holding the majority stake. “The Group’s share of TM’s earnings, before any hyperinflation net monetary adjustments,
- [Why it is not in Zimbabwe’s interest to continue using the US dollar](https://insiderzim.com/why-it-is-not-in-zimbabwes-interest-to-continue-using-the-us-dollar/) - Any informed observer of our economy must be astonished at the things that go on here, many of which bear no relation to the situation on the ground or even rational thinking. This past week has been no exception. In all I think we have had 10 versions of a domestic currency since Independence. Now
- [Mnangagwa to make sure that local authorities are functional regardless of who controls them](https://insiderzim.com/mnangagwa-to-make-sure-that-local-authorities-are-functional-regardless-of-who-controls-them/) - Zimbabwe President Emmerson Mnangagwa today said his administration is making sure that all local authorities, regardless of who controls them, are functional and responsive to the public health needs of residents. Writing in his weekly column in the Sunday Mail, Mangagwa said he was disturbed by the recurring outbreaks of cholera which killed over 4
- [So much for academic freedom-Mandaza lies that Harare has one-third of Zimbabwe’s voter population](https://insiderzim.com/so-much-for-academic-freedom-mandaza-lies-that-harare-has-one-third-of-zimbabwes-voter-population/) - Zimbabwe academic and activist Ibbo Mandaza got away with a blatant lie that Harare has one-third of Zimbabwe’s voter population that is why the Zimbabwe African National Union-Patriotic Front was able to rig elections in August but still allow the Citizens Coalition for Change to win in the capital. He said this during a lecture
- [Has CCC sold itself out- Listen to what Chamisa said](https://insiderzim.com/has-ccc-sold-itself-out-listen-to-what-chamisa-said/) - A tweet and video just posted on the Citizens Coalition for Change X handle seems to be contradicting what the party has been arguing all along. Speaking on 24 January 2022, party leader Nelson Chamisa said the party was a “new entity, with a new leadership, with new values, new structures”. “We have given them
- [Chamisa says ZANU-PF is quickening its exit- we knew all their plots way ahead of time](https://insiderzim.com/chamisa-says-zanu-pf-is-quickening-its-exit-we-knew-all-their-plots-way-ahead-of-time/) - Citizens Coalition for Change leader Nelson Chamisa says he knew about all the plots and schemes of the Zimbabwe African National Union-Patriotic Front way ahead of time so they will not succeed. Instead, he said, “they are only quickening their exit and demise”. Chamisa said this in response to a question from one of his
- [Covid-19 vaccines that Zimbabwe used are safe- now more cases of ordinary flue higher than covid-19](https://insiderzim.com/covid-19-vaccines-that-zimbabwe-used-are-safe-now-more-cases-of-ordinary-flue-higher-than-covid-19/) - The vaccines that Zimbabwe used for Covid-19 are safe and no one is going to die as was predicted in the social media, Health Minister Douglas Mombeshora told the Senate yesterday. Responding to a question from Chief Chikwaka on whether the vaccines had any side effects, Mombeshora said the vaccines that Zimbabwe used which were
- [Britain warns gay travellers to Zimbabwe- no affection in public](https://insiderzim.com/britain-warns-gay-travellers-to-zimbabwe-no-affection-in-public/) - Britain has warned gay travellers from that country visiting Zimbabwe not to show their affection in public as this could result in unwanted attention. In a travel update on Zimbabwe, it said same sex between men and same-sex marriage are illegal in Zimbabwe. “Zimbabwean society remains conservative towards same-sex relations, especially between men. However, there
- [Agriculture Minister says SMS me if anyone is abusing pfumvudza inputs - here is his number](https://insiderzim.com/agriculture-minister-says-sms-me-if-anyone-is-abusing-pfumvudza-inputs-here-is-his-number/) - Zimbabwe Lands and Agriculture Minister Anxious Masuka says anyone having problems getting pfumvudza/intwasa inputs should SMS him. He told Parliament that the elderly and disabled were entitled to inputs and if councillors or government officials charged them for inputs or for transport of those inputs, they must report these people to him. He gave his
- [Kampucha is no soft drink. It has 8.5% alcohol, twice that of beer- MP says](https://insiderzim.com/kampucha-is-no-soft-drink-it-has-8-5-alcohol-twice-that-of-beer-mp-says/) - A drink imported mostly from Zambia known as kampucha or kombucha is not a soft drink as purported but has an alcohol content of 8.5% which is twice that of beer, the Member of Parliament for Shamva South Joseph Mapiki told Parliament yesterday. Mapiki, who made history in the August elections by polling the highest
- [Zimbabwe no longer regards exodus of professional and skilled people as brain drain but brain circulation](https://insiderzim.com/zimbabwe-no-longer-regards-exodus-of-professional-and-skilled-people-as-brain-drain-but-brain-circulation/) - Zimbabwe Higher Education Minister Amon Murwira yesterday told Parliament that Zimbabwe is no longer talking about brain drain but about brain circulation. Responding to questions on why the government continued to train people like teachers when it could not employ them and when those trained left the country to look for greener pastures, Murwira said
- [Zimbabwe dollar down to $5 668.22 to the US dollar](https://insiderzim.com/zimbabwe-dollar-down-to-5-668-22-to-the-us-dollar/) - The Zimbabwe dollar today shed $34.39 to average $5 668.2204 to the United States dollar as it continued its steady decline against the greenback. It has lost just over $1 000 since the elections of 23 August but is still a long way off from the low of $6 926.564 that it reached on 20
- [Mnangagwa and Chamisa spokesmen exchange fire](https://insiderzim.com/mnangagwa-and-chamisa-spokesmen-exchange-fire/) - President Emmerson Mnangagwa’s spokesman George Charamba and Nelson Chamisa’s deputy spokesman Gift Ostallos Siziba have exchanged fire on whether the Citizens Coalition for Change should have held a congress or not with Siziba telling Charamba that CCC is not MDC. CCC is under pressure after self-proclaimed interim secretary-general Sengezo Tshabangu recalled 15 Members of Parliament
- [Tshabangu’s gripe with Chamisa was way before the elections- Watch](https://insiderzim.com/tshabangus-gripe-with-chamisa-was-way-before-the-elections-watch/) - Self-proclaimed Citizens Coalition for Change interim secretary-general Sengezo Tshabangu’s gripe with party leader Nelson Chamisa was way before the 23 August elections. Tshabangu, who has been discredited by Chamisa, was apparently heavily involved in party affairs and was bitter about the imposition of candidates in Bulawayo and Matebeleland. He said this clearly showed that Chamisa
- [Chamisa says hands off CCC](https://insiderzim.com/chamisa-says-hands-off-ccc/) - Citizens Coalition for Change leader Nelson Chamisa today told the public to leave his party alone. “HANDS OFF CCC!!!” he posted on his X handle. “After all this investment and hard-work, they just pretend as if they don’t know who is who in CCC or that the citizens movement is not a force for change!
- [Chamisa rejects SADC recommendation for domestic remedies to election dispute, offers no solution but says citizens will not be silenced  ](https://insiderzim.com/chamisa-rejects-sadc-recommendation-for-domestic-remedies-to-election-dispute-offers-no-solution-but-says-citizens-will-not-be-silenced/) - Citizens Coalition for Change leader Nelson Chamisa has rejected a recommendation by the Southern African Development Community Electoral Observation Mission on the 23 August elections in Zimbabwe that “any grievance with respect to the election results (should be) channelled through the appropriate legal processes to ensure the exhaustion of domestic legal remedies” arguing that “domestic
- [We must believe in ourselves to win the fight against sanctions Mnangagwa says](https://insiderzim.com/we-must-believe-in-ourselves-to-win-the-fight-against-sanctions-mnangagwa-says/) - Zimbabwe President Emmerson Mnangagwa today said Zimbabweans must believe in themselves to win the fight against sanctions. Writing in his weekly column in the Sunday Mail, Mnangagwa said those who imposed sanctions on the country need a lot more than sheer pleas and persuasion. “To win this fight against illegal sanctions, we must fully believe
- [Chamisa told be our political leader Zimbabwe has enough prophets ](https://insiderzim.com/chamisa-told-be-our-political-leader-zimbabwe-has-enough-prophets/) - Citizens Coalition for Change leader Nelson Chamisa was today told to be a political leader and not continue to sell Zimbabweans hope through bible verses because Zimbabwe has enough prophets. This was after he had posted a tweet saying: “NEVER DEFEND EVIL OR JUSTIFY WICKEDNESS...If anyone returns evil for good,evil will never leave or depart
- [ZANU-PF chairing 15 parliamentary committees, CCC 7](https://insiderzim.com/zanu-pf-chairing-15-parliamentary-committees-ccc-7/) - The Zimbabwe African National Union-Patriotic Front is chairing 15 of the 22 parliamentary committees with the Citizens Coalition for Change chairing seven. Speaker of Parliament Jacob Mudenda said this was in line with the outcome of the August elections which ZANU-PF won. CCC is disputing the election results but did not challenge the outcome in
- [What the SADC Electoral Observation Mission final report says about Zimbabwe elections](https://insiderzim.com/what-the-sadc-electoral-observation-mission-final-report-says-about-zimbabwe-elections/) - The Southern African Development Community Electoral Observation Mission final report, which has now been released, says any grievances to do with the just ended elections should be channelled through the appropriate legal processes to ensure the exhaustion of domestic legal remedies. This flies in the face of those who have been calling for fresh elections
- [Is it true that Chamisa does not know Tshabangu? Picture says otherwise](https://insiderzim.com/is-it-true-that-chamisa-does-not-know-tshabangu-picture-says-otherwise/) - A picture in which Citizens Coalition for Change leader Nelson Chamisa was photographed standing next to Sengezo Tshabangu has now surfaced on the social media clearly indicating that the two knew each other. According to Jonathan Moyo the picture was taken on 15 December 2021 at Matilinda Lodge in Bulawayo where a high-level strategy meeting
- [Chamisa orders party members to disengage from Parliament and councils](https://insiderzim.com/chamisa-orders-party-members-to-disengage-from-parliament-and-councils/) - The Citizens Coalition for Change has ordered all its party members in Parliament and councils to disengage with immediate effect pending the reinstatement of legislators who were recalled. Fifteen Members of Parliament, nine Senators and 17 councillors have been recalled by self-proclaimed CCC interim secretary-general Sengezo Tshabangu. Speaker of Parliament Jacob Mudenda and Senate President
- [CCC MPs take Mudenda to task](https://insiderzim.com/ccc-mps-take-mudenda-to-task/) - Citizens Coalition for Change legislators who were recalled from Parliament by self-proclaimed interim secretary-general Sengezo Tshabangu tried to argue their case before Speaker of Parliament Jacob Mudenda yesterday but he said it was not for him to adjudicate but simply to take action. CCC is in turmoil after Tshabangu recalled 15 Members of Parliament and
- [Chamisa says he is in total control- Takachibata kuti dzvii](https://insiderzim.com/chamisa-says-he-is-in-total-control-takachibata-kuti-dzvii/) - Under siege Citizens Coalition for Change leader Nelson Chamisa today said he is in total control of the party. This follows social media reports that he had been expelled from the party by self-proclaimed interim secretary-general Sengezo Tshabangu who has so far recalled 15 Members of Parliament and nine Senators. Exiled politician Jonathan Moyo said
- [CCC recalled senators told they should go to the courts to settle their case. It is not for debate in the Upper House](https://insiderzim.com/ccc-recalled-senators-told-they-should-go-to-the-courts-to-settle-their-case-it-is-not-for-debate-in-the-upper-house/) - Senate president Mabel Chinomona today told Citizens Coalition for Change senators who were recalled by self-proclaimed CCC interim secretary-general Sengezo Tshabangu that their recall was not for debate in the Upper House. They should go to court to settle their dispute. She said this after nine senators who had been recalled had left the House
- [Tshabangu strikes again](https://insiderzim.com/tshabangu-strikes-again/) - Self-proclaimed Citizens Coalition for Change interim secretary-general Sengezo Tshabangu has struck again this time recalling nine senators. Senate president Mabel Chinomona told the upper house today that Tshabangu had notified her office that Helen Zivira, Gideon Shoko, Siphiwe Ncube, Felix Magalela, Tendai Sibanda, Joel Gabuza Gabbuza, Anastacia Moyo, Mativenga David Madzikana and David Antony Chimhini
- [Zimbabwe dollar eases by $41.87 to $5 633.83 to the US dollar](https://insiderzim.com/zimbabwe-dollar-eases-by-41-87-to-5-633-83-to-the-us-dollar/) - The Zimbabwe dollar continued its slide against the United States dollar this week easing by only $41.87 to average $5 633.8332. Offers ranged from $5 595 to $5 780. # Black market rates are around $7 500 but the cash rate is way down at $4 000.
- [George Charamba exposes link between Tshabangu and Welshman Ncube- they are brothers](https://insiderzim.com/george-charamba-exposes-link-between-tshabangu-and-welshman-ncube-they-are-brothers/) - Zimbabwe President Emmerson Mnangagwa’s spokesman, George Charamba, has exposed the link between former Movement for Democratic Change-Alliance vice-president Welshman Ncube and Sengezo Tshabangu the man who claims to be the Citizens Coalition for Change interim secretary general and has successfully recalled 15 Members of Parliament that were elected in August. Writing on his X handled,
- [Tshabangu turns out to be a headache for Chamisa as Speaker approves recall of 15 MPs](https://insiderzim.com/tshabangu-turns-out-to-be-a-headache-for-chamisa-as-speaker-approves-recalll-of-15-mps/) - Self-proclaimed Citizens Coalition for Change interim secretary-general Sengezo Tshabangu who has been disowned by the party is turning into a headache for party leader Nelson Chamisa after all. And it looks Chamisa expected this kind of trouble way before Tshabangu wrote to the Speaker of Parliament recalling at least 15 Members of Parliament and 17
- [Chamisa calls for release of Job Sikhala but told if you can’t free one Cde how can you free Zimbabwe](https://insiderzim.com/chamisa-calls-for-release-of-job-sikhala-but-told-if-you-cant-free-one-cde-how-can-you-free-zimbabwe/) - Citizens Coalition for Change leader Nelson Chamisas has called for the release of jailed politician Job Sikhala who has been on remand for nearly 500 days because he is now seriously ill but one of his X followers asked Chamisa if he cannot free one Comrade, how can he free Zimbabwe? Another follower asked Chamisa
- [Zimbabwe among the top 20 most advanced countries in Africa](https://insiderzim.com/zimbabwe-among-the-top-20-most-advanced-countries-in-africa/) - With the bad publicity the country is getting following its elections in August, most people are not likely to believe that Zimbabwe is ranked among the top 20 most advanced countries in Africa. According to a survey by InsiderMonkey, Zimbabwe is ranked number 18, a notch above Zambia but it is way below Botswana and
- [Chamisa told you have two months to remove ZANU-PF or lose our trust](https://insiderzim.com/chamisa-told-you-have-two-months-to-remove-zanu-pf-or-lose-our-trust/) - Citizens Coalition for Change leader Nelson Chamisa has been told that he has two months to remove the Zimbabwe African National Union-Patriotic Front from power or lose his supporters’ trust. Chamisa, who lost to President Emmerson Mnangagwa in the August elections, has rejected the results claiming that he won but was robbed. The warning
- [Mnangagwa says Zimbabwe investment policies must be rewarding to its people in the diaspora who want to invest back home](https://insiderzim.com/mnangagwa-says-zimbabwe-investment-policies-must-be-rewarding-to-its-people-in-the-diaspora-who-want-to-invest-back-home/) - Zimbabwe President Emmerson Mnangagwa today said that the country’s investment policies must be attractive and rewarding to its people in the diaspora who invest back home. Writing in his weekly column in the Sunday Mail, Mnangagwa said a whole raft of incentives must be developed and tailor made for them because they deserve the utmost
- [Full list of Zimbabwe permanent secretaries](https://insiderzim.com/full-list-of-zimbabwe-permanent-secretaries/) - Zimbabwe President Emmerson Mnangagwa yesterday appointed five deputy chief secretaries in the Office of the President and Cabinet, 26 ministry permanent secretaries and 10 permanent secretaries for provincial affairs and devolution. Here is the full list. Continued next page Continued next page
- [What Mudenda said about CCC Parliament boycott](https://insiderzim.com/what-mudenda-said-about-ccc-parliament-boycott/) - The Zimbabwe’s Parliament website was down and Tuesday’s hansard was only released yesterday. Here is what Speaker of Parliament Mudenda said about the boycott of President Emmerson Mnangagwa’s State of the Nation Address when he officially opened the 10th Parliament. THE HON. SPEAKER: Before I move for the adjournment of the House, it is recognised
- [Recent company sales in Zimbabwe send signals on government’s preferred bidders](https://insiderzim.com/recent-company-sales-in-zimbabwe-send-signals-on-governments-preferred-bidders/) - In 2017, when Barclays sold its Zimbabwe business to FMB Capital, a foreign bank, it became political fodder. At a rally, Kudzanai Chipanga, then leader of ZANU PF’s youth league, screamed: “We are worried that Barclays is being bought by a foreign bank instead of locals. This raises the risk of foreigners sabotaging us.” Opposition
- [Zimbabwe gold-backed digital token (ZiG) becomes operational](https://insiderzim.com/zimbabwe-gold-backed-digital-token-zig-becomes-operational/) - The Zimbabwe gold-backed digital coin, known as ZiG, became operational today as a means of payment but central bank governor John Mangudya said it was not a currency. The ZiG is at par with the physical gold coin and will be informed by the international price of gold. The central bank has enlisted external auditors
- [Zimbabwe announces 100 cholera deaths, imposes restrictions on gatherings ](https://insiderzim.com/zimbabwe-announces-100-cholera-deaths-imposes-restrictions-on-gatherings/) - Zimbabwe has recorded 100 suspected deaths from cholera and more than 5 000 possible cases since late last month, prompting the government to impose restrictions to stop the spread of the disease, including limiting numbers at funerals and stopping some social gatherings in affected areas. The health ministry announced the death toll late Wednesday and
- [Is Tshabangu trying to bring order to CCC?](https://insiderzim.com/is-tshabangu-trying-to-bring-order-to-ccc/) - The recall of 15 Members of Parliament and 17 councillors belonging to the Citizens Coalition for Change by Sengezo Tshabangu, who claims to be the interim secretary general of the party, could be a way of trying to bring order to the party which currently is said to have no constitution or structures. The move
- [Zimbabwe dollar continues to slide against US dollar, now at $5 591.96](https://insiderzim.com/zimbabwe-dollar-continues-to-slide-against-us-dollar-now-at-5-591-96/) - The Zimbabwe dollar today shed $339.31 to average $5 591.9615 to the United States dollar but Finance Minister Mthuli Ncube said the economy remains on a positive growth trajectory. Offers at today’s wholesale auction ranged from $5 562 to $5 700. The government, however, remains optimistic that the local currency will remain stable but the
- [Chamisa’s spokesman told his comprehension of politics and law are shallow - We miss Mahere](https://insiderzim.com/chamisas-spokesman-told-his-comprehension-of-politics-and-law-are-shallow-we-miss-mahere/) - Citizens Coalition for Change leader Nelson Chamisa’s spokesman Promise Mkwananzi has been told that his comprehension of politics and law is quite shallow. This was after Mkwananzi said that the decision to conduct fresh elections in Zimbabwe was not President Emmerson Mnangagwa’s prerogative. “It is a decision of all Stakeholders in Zimbabwe & the region,”
- [Mnangagwa now aims to fulfil Vision 2030 two years ahead of schedule](https://insiderzim.com/mnangagwa-now-aims-to-fulfil-vision-2030-two-years-ahead-of-schedule/) - Zimbabwe President Emmerson Monangagwa today said he is now aiming to propel Zimbabwe into an upper middle income economy when his current term ends, which is two years ahead of schedule. Writing is his weekly column in the Sunday Mail, which he stopped writing during the campaign for the elections held in August which he
- [Mnangagwa tells those calling for fresh elections or GNU to wake up from their delusions](https://insiderzim.com/mnangagwa-tells-those-calling-for-fresh-elections-or-gnu-to-wake-up-from-their-delusions/) - Zimbabwe President Emmerson Mnangagwa today told the opposition that he was given a mandate to govern the country for the next 5 years so he is not entertaining any talk about fresh elections, a government of national unity or a transitional authority.. Addressing members of his party’s central committee today, Mnangagwa said: “This is the
- [Chamisa had no V11s for at least 2 500 polling stations - Jonathan Moyo claims](https://insiderzim.com/chamisa-had-no-v11s-for-at-least-2-500-polling-stations-jonathan-moyo-claims/) - The Citizens Coalition for Change failed to deploy polling agents to at least 2 500 polling stations in the just ended elections, exiled former cabinet minister Jonathan Moyo says. He did not say how he got the figure but argues that this was the reason why the party and its leader Nelson Chamisa could not
- [Zimbabwe to introduce another form of payment called ZiG](https://insiderzim.com/zimbabwe-to-introduce-another-form-of-payment-called-zig/) - Zimbabwe’s central bank is working on expediting another form of payment called ZiG, or Zimbabwe Gold, through the use of gold-backed digital tokens. The bank’s monetary policy committee said the central bank has sold digital tokens totalling 332.5 kg by 19 September. It was, therefore, expediting the use of the digital tokens as an additional
- [Zimbabwe maintains tight monetary policy as inflation drops to 18.4%](https://insiderzim.com/zimbabwe-maintains-tight-monetary-policy-as-inflation-drops-to-18-4/) - Zimbabwe says it will maintain its tight monetary policy though inflation has dropped to 18.4%. According to a statement by the central bank’s monetary policy committee, the central bank will take all action to firmly anchor inflation and exchange rate expectations. The MPC, which met on Tuesday, noted that monetary and financial conditions were conducive
- [OK Zimbabwe says 70% of goods they sell are local](https://insiderzim.com/ok-zimbabwe-says-70-of-goods-they-sell-are-local/) - OK Zimbabwe, the country’s biggest supermarket chain, says local goods still dominate its shelves despite the government opening up the borders to grocery imports. CEO Max Karombo says up to 70% of the goods they sell are local. “We still see more local products than imported products. Our proportions are anything between 65% to 70%
- [Why liars might sometimes be considered honest](https://insiderzim.com/why-liars-might-sometimes-be-considered-honest/) - According to fact checkers, Donald Trump made more than 30 000 false or misleading claims during his presidency. That’s around 20 a day. But, according to several opinion polls during his presidency, around 75% of Republican voters still considered Trump to be honest. It seems incredible that a serial liar – whose biggest lie about
- [We know Chamisa more than you do- Charamba tells Mkwananzi and Ostallos](https://insiderzim.com/we-know-chamisa-more-than-you-do-charamba-tells-mkwananzi-and-ostallos/) - Zimbabwe President Emmerson Mnangagwa’s spokesman George Charamba has posted a loaded statement on his twitter handle saying that they know more about Citizens Coalition for Change leader Nelson Chamisa than his two spokesmen, Promise Mkwananzi and Ostallos Siziba. Charamba was commenting on statements by Mkwananzi and Siziba rubbishing the call by Roman Catholic priest Father
- [The ‘forced death’ of Zimbabwe’s big supermarkets](https://insiderzim.com/the-forced-death-of-zimbabwes-big-supermarkets/) - Zimbabwe supermarkets are full of goods, but low on customers. The shoppers are at the “tuck shops”, informal shops that now dominate the retail space at the expense of formal retailers. The small traders are well stocked and more affordable. This is because they can sell exclusively in US dollars and do not pay taxes.
- [A quarter of Zimbabwe adults has no clue of how they will survive in old age](https://insiderzim.com/a-quarter-of-zimbabwe-adults-has-no-clue-of-how-they-will-survive-in-old-age/) - A quarter of Zimbabwe’s adult population has not made any plans on how they will meet their expenses in old age while 78% have not made any funeral provisions, according to a survey released by the country’s central bank today. The Finscope Consumer survey for the year ending December 2022,also showed that: 9% of women
- [Zimbabwe dollar down by $237 to $5 252.66](https://insiderzim.com/zimbabwe-dollar-down-by-237-to-5-252-66/) - The Zimbabwe dollar today shed $237.23 to average $5 252.6558 to the United States dollar as it continued its slide against the greenback. The local currency has lost $675.15 since last month’s elections which were won by the Zimbabwe African National Union-Patriotic Front. Citizens Coalition for Change leader Nelson Chamisa rejected the results though Members
- [Can Chamisa mobilise 3 million voters to force fresh elections?](https://insiderzim.com/can-chamisa-mobilise-3-million-voters-to-force-fresh-elections/) - Citizens Coalition for Change leader Nelson Chamisa who says he has mobilised the region to call for fresh elections in Zimbabwe says one of the methods to force these elections is to mobilise at least three million registered voters to sign a petition calling for the elections. Chamisa lost to Zimbabwe African National Union-Patriotic Front
- [How WestProp won back Pomona City- its most valuable asset](https://insiderzim.com/how-westprop-won-back-pomona-city-its-most-valuable-asset/) - WestProp Holdings which is listed on the Victoria Falls Exchange has won back its most valuable asset, Pomona City. The Supreme Court has ruled that a debt dating back to 2015 had been settled in full when it was repaid at the rate of US$1 to Z$1. Pomona City was one of the 13 properties
- [SADC throws Mumba under the bus- warns next observer mission](https://insiderzim.com/sadc-throws-mumba-under-the-bus-warns-next-observer-mission/) - The Southern African Development Community secretariat today said its Electoral Observer missions only observe elections. “SADC DOES NOT conduct elections in its Member States but observes them. We then make recommendations. Understand the role of SADC when it comes to observing elections. Our mandate is only to observe and issue a report,” the secretariat tweeted
- [Former AU ambassador to USA tells Wasington to stay out of African politics](https://insiderzim.com/former-au-ambassador-to-usa-tells-wasington-to-stay-out-of-african-politics/) - Former African Union permanent representative to the United States Arikana Chihombori-Quao has told Washington to stay out of African politics if it wants to win African countries to its side. She said this in an interview with Al Jazeera following a spate of coups in Africa, seven in the past few years. She said the
- [Why one of Zimbabwe’s biggest wholesalers is broke](https://insiderzim.com/why-one-of-zimbabwes-biggest-wholesalers-is-broke/) - Metro Peech & Browne is one of the country’s biggest wholesalers, it has just built a large new store in Harare, and it is backed by a European private equity fund. So, why has the business failed? The company has been placed under business rescue because it is insolvent. A new report by the appointed
- [Worst performing currencies of 2023 - Zimbabwe dollar is not the worst](https://insiderzim.com/worst-performing-currencies-of-2023-zimbabwe-dollar-is-not-the-worst/) - The Zimbabwe dollar which has depreciated by more than 600% since the beginning of the year is apparently not the worst performing currency in the world this year. Find out which is. Zambian Kwacha Price Against 1 USD on January 2, 2023: 18 Price Against 1 USD on September 15, 2023: 20 Percentage Decline in
- [Watch: Ramaphosa says SADC observers never said Zimbabwe elections were invalid, unfree and unfair](https://insiderzim.com/watch-ramaphosa-says-sadc-observers-never-said-zimbabwe-elections-were-invalid-unfree-and-unfair/) - South African President Cyril Ramaphosa says the Southern African Development Community Election Observer Mission ever said Zimbabwe’s elections last month were invalid, unfree and unfair. He told the South African Broadcasting Corporation that there were indeed challenges but this was a preliminary report which would have to be tabled to SADC after which Zimbabwe and
- [UK supporting Zimbabwe horticulture exports like blueberries and peas](https://insiderzim.com/uk-supporting-zimbabwe-horticulture-exports-like-blueberries-and-peas/) - The United Kingdom is focussed on supporting Zimbabwe exports of horticultural products like blueberries and peas, Minister for Africa Andrew Mitchell said yesterday. Responding to a question on what Britain was doing to promote economic cooperation with Zimbabwe, Mitchell said: “The UK is working to increase trade and investment with Zimbabwe to help drive economic
- [European Union suspends US$5 million funding to the Zimbabwe Electoral Commission](https://insiderzim.com/european-union-suspends-us5-million-funding-to-the-zimbabwe-electoral-commission/) - The European Union yesterday suspended its US$5 million funding to the Zimbabwe Electoral Commission due to concerns raised in last month’s elections which were won by President Emmerson Mnangagwa and his Zimbabwe African National Union-Patriotic Front. The funding which was managed by the United Nations Development Programme Was scheduled to run until December next year.
- [Biti says Zimbabwe will not progress under ZANU-PF but admits SADC will not act on the recent election outcome ](https://insiderzim.com/biti-says-zimbabwe-will-not-progress-under-zanu-pf-but-admits-sadc-will-not-act-on-the-recent-election-outcome/) - The Zimbabwe Harmonised Elections, held on 23 August, have come and gone. The reports of the main international observer missions generally agree that the elections were flawed. The SADC Election Observer Mission Statement is particularly damning, pointing out a series of serious problems with the conduct of the election. In its preliminary report, it stated:
- [Zimbabwe elections are over- talk about fresh elections are a pipe dream](https://insiderzim.com/zimbabwe-elections-are-over-talk-about-fresh-elections-are-a-pipe-dream/) - The harmonised general election is over. Any continuing chatter or narratives about "fresh elections scaffolded by foreigners", or a "National Transitional Authority" [NTA] also facilitated by foreigners, is a self-indulgent pipe dream bordering on hot air. This follows the oath-taking and the assumption of office by the winners of the local election, parliamentary election and
- [Zimbabwe dollar breaches $5 000 mark as it continues its slide against the US dollar](https://insiderzim.com/zimbabwe-dollar-breaches-5-000-mark-as-it-continues-its-slide-against-the-us-dollar/) - The Zimbabwe dollar today fell by more than $300, its biggest fall since last month’s elections, to average $5 015.4279 against the United States dollar. Finance Minister Mthuli Ncube said he was baffled by the decline of the local currency because all the fundamentals were strong. “Our fundamentals are strong, we have a current account
- [Mnangagwa determined to go it alone- says opposition should be happy to be in opposition](https://insiderzim.com/mnangagwa-determined-to-go-it-alone-says-opposition-should-be-happy-to-be-in-opposition/) - Zimbabwe President Emmerson is determined to go it alone and says the opposition should be happy to be in opposition. The Citizen Coalition for Change which lost last month’s elections says it was robbed and has appealed to the Southern African Development Community and the African Union to intervene and organise fresh elections supervised by
- [Chamisa says he has a solid plan and Mnangagwa knows it](https://insiderzim.com/chamisa-says-he-has-a-solid-plan-and-mnangagwa-knows-it/) - Citizens Coalition for Change leader Nelson Chamisa today said he has a solid plan and President Emmerson Mnangagwa and his team know that. He said this after being told to come up with a plan because people were suffering. The CCC leader had tweeted: “A NEW HOPE FOR ZIMBABWE ..Fellow Citizens, your victory can’t be
- [Why Zambia President HH is jittery](https://insiderzim.com/why-zambia-president-hh-is-jittery/) - The head of the Southern African Development Community Election Observer Mission Nevers Mumba has been under the spotlight since the mission described the recent elections in Zimbabwe as deeply flawed. But focus seems to have shifted from Mumba to the man who appointed him, Zambia’s President Hakainde Hichilema. To make matters worse, HH, says there
- [Chamisa will find it hard to lobby on the disputed polls while his MPs are in parliament](https://insiderzim.com/chamisa-will-find-it-hard-to-lobby-on-the-disputed-polls-while-his-mps-are-in-parliament/) - Despite the flaws in Zimbabwe's recent elections, it may be challenging for the opposition Citizens Coalition for Change (CCC) to exert regional pressure on the ruling ZANU-PF, according to a seminar discussion. This difficulty arises because the CCC participated in an election that had numerous red flags, and its members have already been incorporated into
- [Zimbabwe police launch two-week operation to tame traffic jungle](https://insiderzim.com/zimbabwe-police-launch-two-week-operation-to-tame-traffic-jungle/) - Zimbabwe police have launched a two-week operation to tame the traffic jungle in the country. According to the police, the operation which started yesterday and ends on 26 September was necessary because: Lawlessness on the roads, especially in major cities has reached an alarming and unacceptable level. Some drivers cause chaos on the roads by
- [Zimbabwe business tells Mnangagwa: new cabinet needs new permanent secretaries](https://insiderzim.com/zimbabwe-business-tells-mnangagwa-new-cabinet-needs-new-permanent-secretaries/) - President Emmerson Mnangagwa’s latest line-up of ministers needs to come with a fresh set of permanent secretaries, according to the head of a business group. Chris Mugaga, CEO of the Zimbabwe National Chamber of Commerce, says beyond a new cabinet, businesses would like to see deeper changes in the civil service. “What is much more
- [It’s a lie- SADC has not published its final report on the Zimbabwe elections yet](https://insiderzim.com/its-a-lie-sadc-has-not-published-its-final-report-on-the-zimbabwe-elections-yet/) - The Southern African Development Community has not published its final report on the Zimbabwe elections yet contrary to claims by Citizens Coalition for Change spokesman Promise Mkwananzi, fact-checking organisation Zimfact says. Mkwananzi, who is on the run as he is wanted by the police for offences not related to this year’s elections, claims that SADC
- [Zimbabwe dollar continues its slide against the US dollar](https://insiderzim.com/zimbabwe-dollar-continues-its-slide-against-the-us-dollar-3/) - The Zimbabwe dollar continued its slide against the United States dollar shedding $64.20 at today’s auction to average $4 712.1675. The local currency has so far declined by $134.67 against the US dollar since the elections that brought back President Emmerson Mnangagwa in an election whose presidential outcome has been rejected by opposition leader Nelson
- [Is Britain still questioning Mnangagwa’s legitimacy?](https://insiderzim.com/is-britain-still-questioning-mnangagwas-legitimacy/) - Britain does not seem to have recognised Zimbabwe President Emmerson Mnangagwa’s victory in last month’s elections. Its Minister for Africa, Andrew Mitchel, told Parliament yesterday that the “The UK takes note of the announcement by the Chair of the Zimbabwe Electoral Commission of results on 26 August. However, we are concerned by a lack of
- [Mnangagwa appoints new cabinet](https://insiderzim.com/mnangagwa-appoints-new-cabinet/) - President Emmerson Mnangagwa has today appointed a new cabinet in which Defence Minister Oppah Muchinguri-Kashiri, Finance Minister Mthuli Ncube, Home Affairs Minister Kazembe Kazembe, Justice Minister Ziyambi Ziyambi, Lands and Agriculture Minister Anxious Masuka, Foreign Affairs Minister Frederick Shava, Sports Minister Kirsty Coventry, Higher Education Minister Amon Murwira and Transport Minister Felix Mhona retained their
- [Has Chamisa been bewitched by ZANU-PF?](https://insiderzim.com/has-chamisa-been-bewitched-by-zanu-pf/) - A twitter follower of Citizen Coalition for Change leader Nelson Chamisa today said motivational tweets by the party leader are not working because the Zimbabwe African National Union-Patriotic Front is cementing its power. She even asked whether Chamisa had not been bewitched by ZANU-PF? This was after Chamisa tweeted: “DON’T DESPAIR ZIMBABWE🇿🇼 FOCUS!! Cheer up!
- [Nothing amiss about Chamisa winning fewer votes - Tsvangirai did so every subsequent election](https://insiderzim.com/nothing-amiss-about-chamisa-winning-fewer-votes-tsvangirai-did-so-every-subsequent-election/) - There was nothing amiss about Citizen Coalition for Change leader Nelson Chamisa getting fewer votes in this year’s elections than he did in 2018 as this has been the trend ever since the country had its most serious presidential challenger in 2002. Chamisa polled 2 151 927 votes in 2018 but was down to 1
- [Chamisa told you can’t pray a dictator out of power but he stands his ground](https://insiderzim.com/chamisa-told-you-cant-pray-a-dictator-out-of-power-but-he-stands-his-ground/) - Citizens Coalition for Change leader Nelson Chamisa was today told that he cannot pray a dictator out of power. Political problems need political solutions. Chamisa, however, stood his ground arguing that prayer is the greatest form of action. The CCC leader, who rejected last month’s election results in which he was beaten by ZANU-PF leader
- [British company which predicted Chamisa would win presidential elections worked for CCC in the just ended elections- says it helped Hakainde win the Zambian elections after five failed attempts](https://insiderzim.com/british-company-which-predicted-chamisa-would-win-presidential-elections-worked-for-ccc-in-the-just-ended-elections-says-it-helped-hakainde-win-the-zambian-elections-after-five-failed-attempts/) - A South African publication has disclosed that a British company that predicted in February that Citizens Coalition for Change leader Nelson Chamisa would win the presidential elections in Zimbabwe did some work for the CCC in the just ended elections. The Daily Maverick did not say what type of work the Sabi Strategy Group did
- [Is democracy in the US under threat? Lessons for Zimbabwe](https://insiderzim.com/is-democracy-in-the-us-under-threat-lessons-for-zimbabwe/) - Concern for U.S. democracy amid deep national polarization has prompted the entities supporting 13 presidential libraries dating back to Herbert Hoover to call for a recommitment to the country’s bedrock principles, including the rule of law and respecting a diversity of beliefs. The statement released Thursday, the first time the libraries have joined to make
- [It’s game over for Chamisa](https://insiderzim.com/its-game-over-for-chamisa/) - Citizens Coalition for Change legislators are taking up their seats despite protests that elections held last moth and won by the Zimbabwe African National Union-Patriotic Front were stolen. “For the avoidance of doubt all elected CCC councillors and MPs will be sworn in to take up their positions in the various local authorities and parliament,”
- [Ibbo Mandaza told you can’t use ANC platform to talk about Zimbabwe elections](https://insiderzim.com/ibbo-mandaza-told-you-cant-use-anc-platform-to-talk-about-zimbabwe-elections/) - African National Congress secretary-general Fikile Mbalula has stopped a public lecture by Southern African Political Economy Series Trust director Ibbo Mandaza that was scheduled for tomorrow at the OR Tambo School of Leadership. Mandaza was supposed to present a lecture entitled: State of Democracy in the SADC region- a reflection on the national elections in
- [Zimbabwe dollar remains stable despite Chamisa’s rejection of election results](https://insiderzim.com/zimbabwe-dollar-remains-stable-despite-chamisas-rejection-of-election-results/) - The Zimbabwe dollar remained stable averaging $4 647.9681 to the United States dollar at the second auction after the announcement of the election results which Citizens Coalition for Change leader Nelson Chamisa rejected claiming that he won the presidential vote but was cheated by the elections body. Chamisa, however, did not challenge the results in
- [Why Chamisa wants foreign-run elections](https://insiderzim.com/why-chamisa-wants-foreign-run-elections/) - A document outlining why the Citizen Coalition for Change wants foreign run elections has been posted on the internet but it cannot be verified as it does not carry the logo of Zimbabwe’s main opposition party or anything to identify it with the party. Exiled Zimbabwean politician, Jonathan Moyo, who has argued all along that
- [Zimbabwe elections debate in the British House of Lords](https://insiderzim.com/zimbabwe-elections-debate-in-the-british-house-of-lords/) - Several British peers yesterday asked what the British government was going to do about the “flawed” elections held by Zimbabwe recently and won by President Emmerson Mnangagwa and his ruling Zimbabwe African National Union-Patriotic Front. Junior Minister Lord Ahmad of Wimbledown was evasive about the action his government was going to take. Below is the
- [Are Zimbabwe’s election results still pending?](https://insiderzim.com/are-zimbabwes-election-results-still-pending/) - Although Zimbabwe President Emmerson Mnangagwa was sworn in on Monday, 4 September, a South African publication yesterday published a graphic which said that the presidential election results are still pending. Zimbabwe announced its presidential election results on 26 August with Zimbabwe African National UNion-Patriotic Front leader Emmerson Mnangagwa as the winner but Citizens Coalition for
- [Zimbabweans should fix their own issues, says Mbalula](https://insiderzim.com/zimbabweans-should-fix-their-own-issues-says-mbalula/) - South Africa’s African National Congress secretary-general, Fikile Mbalula said yesterday the people of Zimbabwe should be allowed to sort out their own issues. Mbalula was speaking to journalists on the sidelines of the inauguration of Zimbabwe President Emmerson Mnangagwa. “We believe anything else about the election is the prerogative of the Zimbabweans themselves to resolve
- [We told you so- Chamisa sold out](https://insiderzim.com/we-told-you-so-chamisa-sold-out/) - It is a difficult pill to swallow but Zimbabwe’s elections are over, done and dusted, and Zimbabwe African National Union-Patriotic Front leader Emmerson Mnangagwa is the country’s president for the next five years from today. Mnangagwa was sworn in for his second term at a ceremony which was attended by very few Heads of State
- [Did Chamisa sacrifice Sikhala to throw away the elections?](https://insiderzim.com/did-chamisa-sacrifice-sikhala-to-throw-away-the-elections/) - Citizens Coalition for Change leader Nelson Chamisa has been adamant that he is winning the elections this Wednesday. "We can't lose, we will not accept fake things. Victory is ours. We will win this election. Anything that is announced outside our victory is a lie, it’s fiction," he was quoted as saying recently. But whispers
- [Chamisa says help is on the way](https://insiderzim.com/chamisa-says-help-is-on-the-way/) - Citizens Coalition for Change leader Nelson Chamisa today told his followers that help was on the way. He did not, however, state what type of help he was expecting but went on to cite a bible verse from Joshua 4 vs 24. Chamisa who is disputing the results of the 23-24 August elections won by
- [Chamisa has until Monday to challenge Mnangagwa victory](https://insiderzim.com/chamisa-has-until-monday-to-challenge-mnangagwa-victory/) - Citizens Coalition for Change leader Nelson Chamisa has until Monday, 4 September, to challenge President Emmerson Mnangagwa presidential election victory announced on 26 September last week. Mnangagwa polled 52.6% of the vote against Chamisa’s 44% according to the Zimbabwe Electoral Commission. Chamisa had seven days to file an application with the Constitutional Court challenging the
- [Zimbabwe is still Implats's most stable operation despite the country’s “troubles”](https://insiderzim.com/zimbabwe-is-still-implats-s-most-stable-operation-despite-the-countrys-troubles/) - What does the recent election change for Zimbabwe’s biggest investor? Not much, says Nico Muller, the head of Zimplats holding company Implats. We’ve seen it all before, he suggests. In 2021, Zimplats announced a US$1.8 billion investment in Zimbabwe to expand mining and processing operations, the single largest FDI commitment over the past five years.
- [Zimbabweans should get out of messiah politics](https://insiderzim.com/zimbabweans-should-get-out-of-messiah-politics/) - Late on Saturday night, I was sitting in a hotel room in Guangzhou, China, streaming the announcement of the results of the presidential race in Zimbabwe. Zimbabweans went to the polls on the 23rd of August in a harmonised election that many believed would mark a turning point in the country’s politics. Towards elections, there
- [What is Chamisa’s lawyer up to?](https://insiderzim.com/what-is-chamisas-lawyer-up-to/) - Citizens Coalition for Change leader Nelson Chamisa’s lawyer, Thabani Mpofu, has been posting riddles on his twitter handle over the past two days leaving followers and party supporters puzzled about what he is implying. Mpofu who defended Chamisa in his 2018 challenge of the election results at the Constitutional Court and lost, today tweeted: “A
- [Chamisa should lead any protests from the front kwete kuuraisa vamwe](https://insiderzim.com/chamisa-should-lead-any-protests-from-the-front-kwete-kuuraisa-vamwe/) - Citizens Coalition for Change leader Nelson Chamisa should lead any protests from the front kwete kuda kurovesa or kuuraisa vamwe, a CCC twitter follower says. Responding the party’s call to launch a campaign for fresh elections, the follower going by the name RayIP said: “chamisa and ccc leaders should be at front of these campaigns/march
- [Elections prove ZANU-PF is bigger than ED but Chamisa is more popular than CCC](https://insiderzim.com/elections-prove-zanu-pf-is-bigger-than-ed-but-chamisa-is-more-popular-than-ccc/) - The 2023 election was a race between a party more popular than its leader, and a leader more popular than his own party. President Emmerson Mnangagwa polled less than his party MPs in this election, by a wider margin than in 2018, according to a newZWire analysis of results. In contrast, opposition leader Nelson Chamisa
- [Zimbabwe dollar sheds only $27.12 cents in first auction after elections](https://insiderzim.com/zimbabwe-dollar-sheds-only-27-12-cents-in-first-auction-after-elections/) - The Zimbabwe dollar today shed only $27.12 to average $4 604.6233 against the United States dollar in the first wholesale foreign currency auction after the elections which the opposition Citizens Coalition for Change has refused to accept. This might be a clear indication that the market has not bought the CCC claim that it was
- [Zimbabwe’s CCC calls for rerun of elections](https://insiderzim.com/zimbabwes-ccc-calls-for-rerun-of-elections/) - Zimbabwe’s main opposition party called for a rerun of an election that handed President Emmerson Mnangagwa another five-year term and was found to be deeply flawed by international observers, but it stopped short of saying whether the outcome will be challenged in court. Official tallies released by the Zimbabwe Electoral Commission showed Mnangagwa winning 52.6%
- [Chamisa claim that he won the election is hot air, even western observers know this says Jonathan Moyo](https://insiderzim.com/chamisa-claim-that-he-won-the-election-is-hot-air-even-western-observers-know-this-says-jonathan-moyo/) - Citizens Coalition for Change leader Nelson Chamisa’s claim that he won last week’s presidential elections is hot air. The few V11s that he has show that he lost. And the results of a parallel vote tabulation carried out by local observers and non-governmental organisations for him show that he lost. These claims are from Jonathan
- [Mnangagwa already setting the agenda for his new term](https://insiderzim.com/mnangagwa-already-setting-the-agenda-for-his-new-term/) - Zimbabwe President Emmerson Mnangagwa says elections are done. Preparing for a coming drought is now top on the agenda of his new term, but a disputed poll once again raises the risk of another dry season for his economic agenda. Mnangagwa was on Saturday night declared winner of the election with 52.6%, granting him a
- [Jonathan Moyo says Chamisa does not have all the V11s to prove he won the 2023 elections](https://insiderzim.com/jonathan-moyo-says-chamisa-does-not-have-all-the-v11s-to-prove-he-won-the-2023-elections/) - Exiled politician Jonathan Moyo, who supported Citizens Coalition for Change leader Nelson Chamisa after the 2018 elections, says the CCC leader does not have all the V11s from the 12 374 polling stations that were set up for the 2023 elections so he cannot prove any rigging. Chamisa was beaten by President Emmerson Mnangagwa according
- [ZANU-PF fails to clinch two-thirds majority in Parliament](https://insiderzim.com/zanu-pf-fails-to-clinch-two-thirds-majority-in-parliament/) - The ruling Zimbabwe African National Union-Patriotic Front has failed to win the two-thirds majority in Parliament that it was aiming for, winning 136 of the 209 seats contested with the Citizens Coalition for Change getting 73. ZANU-PF failed to clinch a single seat in Bulawayo where the nomination of CCC candidates had been nullified for
- [Mnangagwa spokesman’s twitter account suspended after he warns African observer missions EU observer mission is out to make them look foolish](https://insiderzim.com/mnangagwa-spokesmans-twitter-account-suspended-after-he-warns-african-observer-missions-eu-observer-mission-is-out-to-make-them-look-foolish/) - Zimbabwe President Emmerson Mnangagwa’s spokesman George Charamba’s twitter account under the name tinoedzazvimwe1 has been suspended after he posted a tweet this morning warning African missions observing Zimbabwe’s 2023 elections that western observer missions are out to make them look “foolish, unthinking, un-African”. Charamba posted the tweet way before the observer missions held their briefings
- [Observers say Zimbabwe election 'fell short' of standards](https://insiderzim.com/observers-say-zimbabwe-election-fell-short-of-standards/) - Foreign poll observers today said Zimbabwe's presidential and legislative elections failed to conform to regional and international standards, placing in doubt the credibility of the tense vote. Zimbabweans went to the polls on Wednesday and Thursday in polling marred by delays. The vote took place against a backdrop of discontent at Zimbabwe's economic crisis. Regional
- [Zimbabwe opposition have tried parallel vote counting before and they have failed, even with the support of the United States](https://insiderzim.com/zimbabwe-opposition-have-tried-parallel-vote-counting-before-and-they-have-failed-even-with-the-support-of-the-united-states/) - Zimbabwe’s much awaited elections will be over by the end of today. The nation will, however, have to wait for the results. Citizens Coalition for Change leader Nelson Chamisa says he will announce the results tomorrow. He will not be rigged out this time, he said, adding that any result where he is not the
- [Chamisa battling fake news that he has called on electorate not to vote](https://insiderzim.com/chamisa-battling-fake-news-that-he-has-called-on-electorate-not-to-vote/) - Citizens Coalition for Change leader Nelson Chamisa's supporters are battling to counter fake news that he has called on the electorate not to vote in today’s elections because the election is rigged. Zimbabwe is holding crucial elections today to elect the president, members of parliament and councillors across the country. Chamisa has vowed that he
- [Zimbabwe inflation down to 77.2% ](https://insiderzim.com/zimbabwe-inflation-down-to-77-2/) - Zimbabwe’s annual inflation dropped by 24.1 percentage points from 101.3% in July to 77.2% in August as the country heads for elections tomorrow. Month-on-month inflation gained 9.1 percentage points from -15.3% in July to -6.2% in August. Inflation had been on the decline from January when it stood at 101.5% to 75.2% in April before
- [Mnangagwa says “this is my last term”](https://insiderzim.com/mnangagwa-says-this-is-my-last-term/) - President Emmerson Mnangagwa says his “record of performance” will be enough to deliver a fresh term in office, which he says will be his last. Mnangagwa is hoping that his infrastructure projects will trump widespread public discontent over inflation, which has surged over the past year and hurt his re-election chances in tomorrow’s election. “I
- [Zimbabwe 2023 elections by the numbers](https://insiderzim.com/zimbabwe-2023-elections-by-the-numbers-2/) - Zimbabwe is holding its harmonised elections in two days. Here are the key numbers for the presidential, parliamentary and local government elections.
- [What to expect from Zimbabwe’s elections next week](https://insiderzim.com/what-to-expect-from-zimbabwes-elections-next-week/) - Zimbabwe will hold elections on 23 August to elect a president, members of parliament and councillors. A candidate must secure more than 50% of the votes to win. A run-off between the top two candidates will be held on 2 October if there is no outright winner in the first round. The elections are the
- [Zimbabwe dollar sheds $17.76 to land at $4 577.50 to the US dollar](https://insiderzim.com/zimbabwe-dollar-sheds-17-76-to-land-at-4-577-50-to-the-us-dollar/) - The Zimbabwe dollar continued its slide against the United States dollar shedding $17.76 to average $4 577.5024 with only one week to the crucial elections which will decide the country’s next leader. Zimbabwe is holding harmonised elections on 23 August with President Emmerson Mnangagwa of ZANU-PF and Nelson Chamisa of the Citizens Coalition for Change
- [Zimbabwe reviews tax-free threshold](https://insiderzim.com/zimbabwe-reviews-tax-free-threshold/) - Zimbabwe has reviewed upwards the tax-free threshold on local currency salaries with effect from this month, to increase disposable incomes for workers, and stimulate aggregate demand in the economy. The tax-free threshold has been increased from $91 666 to $500 000, and the highest tax rate of 40 percent will now kick in on income
- [Zimbabwe to maintain tight monetary stance during the next six months to December](https://insiderzim.com/zimbabwe-to-maintain-tight-monetary-stance-during-the-next-six-months-to-december/) - Zimbabwe’s central bank says it will maintain the current tight monetary policy stance during the six months to December and hopes that inflation will slow down to 60 to 70%. It is expecting the economy to grow by 5.3% and month-on-month inflation to average 3%. The central bank released its mid-term monetary policy statement today.
- [Chamisa launches party manifesto](https://insiderzim.com/chamisa-launches-party-manifesto/) - Opposition Citizens Coalition for Change (CCC) leader Nelson Chamisa has launched his party’s manifesto ahead of the 23 August elections. The manifesto, termed “A new great Zimbabwe for everyone”, is anchored on five pillars – namely restoration, reconstruction, mordenisation, transformation and reconciliation. Interestingly, the manifesto is a replica of the policies and programs that the
- [Zimbabwe dollar steady against US dollar](https://insiderzim.com/zimbabwe-dollar-steady-against-us-dollar-2/) - The Zimbabwe dollar today shed only $3.58 against the United States dollar to average $4 559.7414. Offers ranged from $4 550 to $4 584 with USD$17.5 million of the US$20 on offer being taken. The local currency has been sliding marginally against the United States dollar but has remained below $4 600. Zimbabwe is holding
- [Why the Zimbabwe Supreme Court threw out Kasukuwere’s appeal for nomination as presidential candidate- full judgement](https://insiderzim.com/why-the-zimbabwe-supreme-court-threw-out-kasukuweres-appeal-for-nomination-as-presidential-candidate-full-judgement/) - The Supreme Court has released its full judgement on why it threw out the appeal by presidential candidate, Savior Kasukuwere, to contest the 23 August elections. Kasukuwere lost the case at the High Court because he had been out of the country for a continuous period of more than 18 months. The Supreme Court concurred
- [Zimbabwe tycoon’s fortune slumps by US$130 million in 55 days](https://insiderzim.com/zimbabwe-tycoons-fortune-slumps-by-us130-million-in-55-days/) - Pairing parts of the gains he recorded earlier this year, Zimbabwe businessman John Moxon has seen his net worth slump by millions of dollars, owing to the sustained decline in the market value of his stake in Meikles Limited, a Harare-based conglomerate. According to data tracked by Billionaires.Africa, Moxon, who ranks as one of the
- [What has been driving currency instability in Zimbabwe over the past three months?](https://insiderzim.com/what-has-been-driving-currency-instability-in-zimbabwe-over-the-past-three-months/) - While it is undebatable that inflation is everywhere a monetary phenomenon, it may not always be the quantity of money but also its velocity that drives currency and price instability. The velocity of money, which is the rate at which it changes hands, is a phenomenon that is often ignored by many analysts in Zimbabwe.
- [Chamisa says Zimbabwe’s voters being forced to choose ZANU-PF or death](https://insiderzim.com/chamisa-says-zimbabwes-voters-being-forced-to-choose-zanu-pf-or-death/) - Zimbabwe’s main opposition leader accused President Emmerson Mnangagwa of violating the law and tearing apart independent institutions to cling to power. In an interview with The Associated Press, Nelson Chamisa also warned that any evidence of tampering by Mnangagwa’s ruling party in upcoming elections could lead to “total disaster” for a beleaguered nation that is
- [Zimbabwe road to elections littered with disinformation](https://insiderzim.com/zimbabwe-road-to-elections-littered-with-disinformation/) - From doctored photos making small crowds big to posts praising government accomplishments that never were, WhatsApp has become the channel of choice for disinformation in Zimbabwe before this month's elections. The landlocked southern African country heads to the polls on 23 August to elect the president and legislature in what analysts expect to be a
- [Zimbabwe dollar continues its slide against the US dollar](https://insiderzim.com/zimbabwe-dollar-continues-its-slide-against-the-us-dollar-2/) - The Zimbabwe dollar today shed $13.79 to average $4 556.1616 as it continued its slide against the United States dollar. The gap between the lowest and highest offers also narrowed to just $38. The Reserve Bank of Zimbabwe’s Monetary Policy Committee has decided to maintain the current tight monetary measures which have seen the Zimbabwe
- [Zimbabwe black market fell to a 7-week low to end of July](https://insiderzim.com/zimbabwe-black-market-fell-to-a-7-week-low-to-end-of-july/) - Tight liquidity conditions and a shift towards a more liberalised wholesale auction saw the Zimbabwe dollar strengthen from $5 739.7961 at the beginning of July to $4 516.8025 at the end of the month with the parallel market rate falling to a seven-week low. IH Securities says a combination of fiscal measures to stimulate demand
- [What does Chamisa stand for?](https://insiderzim.com/what-does-chamisa-stand-for/) - Nelson Chamisa, 45, is a political crowd pleaser. Back in the 1990s, he captivated students at Zimbabwe's higher education institutions; today, he's vying for the presidency of the country. That's no small task; he's looking to unseat incumbent Emmerson Mnangagwa, leader of the well entrenched, autocratic ZANU-PF. Chalton Hwende first met the Citizens Coalition for
- [12 CCC Bulawayo candidates back in the polls](https://insiderzim.com/12-ccc-bulawayo-candidates-back-in-the-polls/) - The Supreme Court has set aside a high court decision barring 12 candidates of the opposition Citizens Coalition for Change from standing in the Bulawayo election. This means the candidates are back on the ballot and can run in the election. A panel of three judges, chaired by Justice Tendai Uchena, unanimously ruled in favour
- [Masiyiwa net worth rockets by US$600 million](https://insiderzim.com/masiyiwa-net-worth-rockets-by-us600-million/) - While some African billionaires have faced substantial declines in their fortunes this year, Zimbabwe’s richest man Strive Masiyiwa stands out as one of the few enjoying remarkable wealth growth since the beginning of 2023. His net worth has surged by US$600 million, attributing the rise to the impressive performance of his diversified investment portfolio, spanning
- [Jonathan Moyo says Trevor Ncube and Mutambara got it wrong about G40](https://insiderzim.com/jonathan-moyo-says-trevor-ncube-and-mutambara-got-it-wrong-about-g40/) - Exiled former minister and one of the G40 kingpins,Jonathan Moyo, today said Alpha Media chairman Trevor Ncube and former Deputy Prime Minister Arthur Mutambara got it wrong when they said former Zimbabwe Vice-President Joice Mujuru was a member of the G40 faction of the Zimbabwe African National Union-Patriotic Front. Mutambara said Mujuru was a member
- [Zimbabwe dollar sheds another $25, now at $4 542.37 to the US](https://insiderzim.com/zimbabwe-dollar-sheds-another-25-now-at-4-542-37-to-the-us/) - The Zimbabwe dollar today shed $25 to average $4 542.311 to the United States dollar with the gap between the highest and lowest offers narrowing to only $55. All the money on offer was taken up. The local currency has weakened over the last two auctions after a rally that lasted more than five weeks.
- [Can Chamisa break the opposition jinx?](https://insiderzim.com/can-chamisa-break-the-opposition-jinx/) - Polls on next month’s elections in Zimbabwe, now 24 days away, have been inconclusive. One gave President Emmerson Mnangagwa victory but by a narrow margin that would necessitate a run-off with his closest rival Nelson Chamisa of the Citizens Coalition for Change. Another gave Chamisa an outright victory over Mnangagwa but it had one proviso
- [Mliswa says allegations that Chamisa may have been bought by ZANU-PF now plausible](https://insiderzim.com/mliswa-says-allegations-that-chamisa-may-have-been-bought-by-zanu-pf-now-plausible/) - Independent legislator Temba Mliswa has blasted Citizens Coalition for Change leader Nelson Chamisa saying allegations that he may have been paid by ZANU-PF to throw away the elections are now plausible because of the numerous blunders that he has made as the country heads for elections in 25 days. Twelve CCC candidates for Bulawayo were
- [Zimbabwe to maintain tough monetary measures to ensure price and exchange rate stability](https://insiderzim.com/zimbabwe-to-maintain-tough-monetary-measures-to-ensure-price-and-exchange-rate-stability/) - Zimbabwe will maintain the current tough monetary measures to ensure that the economy remains on track to achieving price and exchange rate stability. This was said by the Reserve Bank of Zimbabwe’s Monetary Policy Committee in a statement yesterday. It said the measures had started paying off with month-on-month inflation dropping from 74.5% in June
- [Chamisa says Mnangagwa is victimising people of Matebeleland again](https://insiderzim.com/chamisa-says-mnangagwa-is-victimising-people-of-matebeleland-again/) - Citizens Coalition for Change leader Nelson Chamisa has accused President Emmerson Mnangagwa of victimising the people of Matebeleland for the second time by denying them their vote in the 23 August elections after the High Court nullified the nomination of 18 Bulawayo candidates for late submission of their papers. Though the media has focussed on
- [Who is who in the lithium sector in Zimbabwe](https://insiderzim.com/who-is-who-in-the-lithium-sector-in-zimbabwe/) - Chinese investors racing to secure lithium supplies could help Zimbabwe rise to become the world’s fifth biggest primary producer of the material that’s vital to battery electric vehicles and the green revolution, mining consultancy CRU said. The lithium industry in Africa’s top producer has rapidly expanded, buoyed by about US$1 billion of investments during the
- [Zimbabwe Supreme Court slams the lid on Kasukuwere’s presidential ambitions](https://insiderzim.com/zimbabwe-supreme-court-slams-the-lid-on-kasukuweres-presidential-ambitions/) - Saviour Kasukuwere will not be on the ballot in next month’s election after the Supreme Court today dismissed his appeal against a high court ruling barring his candidacy, but his lawyers say he is not giving up. The former ZANU-PF commissar went to the Supreme Court after High Court judge David Mangota dropped him from
- [Big blow for CCC as court nullifies nomination of its 12 candidates in Bulawayo](https://insiderzim.com/big-blow-for-ccc-as-court-nullifies-nomination-of-its-12-candidates-in-bulawayo/) - The Citizens Coalition for Change (CCC) was dealt a heavy blow in Bulawayo, one of its strongholds, after the court nullified the candidature of 12 of its parliamentary contestants ahead of the general elections in Zimbabwe. Since the turn of the century, Bulawayo has been a stronghold for the opposition - which, at the time,
- [Zimbabwe dollar eases by 12 cents to break a five-week rally against the US dollar](https://insiderzim.com/zimbabwe-dollar-eases-by-12-cents-to-break-a-five-week-rally-against-the-us-dollar/) - The Zimbabwe dollar today eased by 12 cents at average $4 517.1359 against the United States dollar, the first time in more than five weeks that it has lost against the greenback. Offers narrowed by $80 with the highest offer remaining static at $4 580 and the lowest up at $4 500. A total of
- [Zimbabwe dollar could settle at $4 500 to the US dollar](https://insiderzim.com/zimbabwe-dollar-could-settle-at-4-500-to-the-us-dollar/) - The Zimbabwe dollar once again firmed marginally against the United States dollar appreciating by less than 30 cents to settle at $4 505.4232 at today’s wholesale foreign currency auction. The gap between the lowest and highest offers narrowed to $100 implying that the rate could settle at $4 500. The highest offer was $4 580
- [Zimbabwe month-on-month inflation hits a record low of -15.3% in July](https://insiderzim.com/zimbabwe-month-on-month-inflation-hits-a-record-low-of-15-3-in-july/) - Zimbabwe consumer prices fell in July after the nation’s currency strengthened. Consumer prices dropped 15.3%, compared with 75% last month, and inflation rose 101% from a year earlier after a 176% increase in June, the Zimbabwe National Statistics Agency said yesterday in an online briefing. The central bank, which is targeting monthly inflation of 1%
- [US dollar still rules despite Zimbabwe dollar rally](https://insiderzim.com/us-dollar-still-rules-despite-zimbabwe-dollar-rally/) - The Zimbabwe dollar has firmed 53% against its US counterpart over the past month, making it the world’s best performer, but the central bank is resigned to the greenback remaining key to transacting in the southern Africa nation for the foreseeable future. Citizens lost confidence in the local currency due to their prior experience of
- [Zimbabwe women reduced to cheerleaders in the upcoming elections](https://insiderzim.com/zimbabwe-women-reduced-to-cheerleaders-in-the-upcoming-elections/) - In a large hall at the headquarters of Zimbabwe’s ruling ZANU-PF party, women responded with roaring cheers when President Emmerson Mnangagwa described them as the party’s “backbone” whose votes are vital to victory in the elections scheduled for next month. At a recent opposition rally, women with the face of their male party leader emblazoned
- [Zimbabwe public debt - who is owed what?](https://insiderzim.com/zimbabwe-public-debt-who-is-owed-what/) - Treasury has just released the 2022 public debt bulletin. Zimbabwe is in debt crisis, and last year started a campaign, led by the African Development Bank (AfDB), to push for a debt restructuring deal with its major creditors. What does the latest report show about the state of Zimbabwe’s debt crisis? Just how much does
- [Elections are a one-day event, let’s focus on business - Mutsvangwa](https://insiderzim.com/elections-are-a-one-day-event-lets-focus-on-business-mutsvangwa/) - Elections are a one-day event which comes and goes but the country has to move ahead after that, so it is important to focus on bringing business to the country to secure a better and more prosperous future for its people. This was said by Information Minister Monica Mutsvangwa at a ministerial dinner in Johannesburg
- [Zimbabwean women among the most beautiful in Africa](https://insiderzim.com/zimbabwean-women-among-the-most-beautiful-in-africa/) - Zimbabwe women have been ranked among the most beautiful in Africa ranking at number 7, a remarkable fit considering that six years ago Zimbabwe was not even in the top 10. The question though is what is beauty? InsiderMonkey which carried out the survey says: “Beauty is in the eye of the beholder. All of
- [Tongaat ditches Zimbabwean businessman, to sell Zimbabwe sugar estates to Tanzania’s Kagera](https://insiderzim.com/tongaat-ditches-zimbabwean-businessman-to-sell-zimbabwe-sugar-estates-to-tanzanias-kagera/) - South Africa’s Tongaat Hulett is to sell its sugar estates, including those in Zimbabwe, to Kagera Sugar, one of East Africa’s largest sugar producers. This is part of a plan to rescue Tongaat Hulett group, which has struggled for survival since 2019, hurt by corporate scandals and debt. “The proposed transaction will comprise the acquisition
- [Zimbabwe dollar now at $4 537.49 to the US dollar](https://insiderzim.com/zimbabwe-dollar-now-at-4-537-49-to-the-us-dollar/) - The Zimbabwe dollar today gained $233.89 against the United States dollar to average $4 537.4909 with prospects of further strengthening as offers ranged from $4 450 to $4 711. Bankers had hoped it would settle at around $5 000 but the local currency continues to firm though prices have not been reduced to match the
- [Valerio becomes only female candidate in Zimbabwe presidential elections](https://insiderzim.com/valerio-becomes-only-female-candidate-in-zimbabwe-presidential-elections/) - Elisabeth Valerio, leader of the United Zimbabwe Alliance party, yesterday won her appeal against the Zimbabwe Electoral Commission’s decision to disqualify her from registering as a presidential candidate in next month’s elections. Zimbabwe is holding presidential, parliamentary and local government elections on 23 August to choose new representatives for the next five years. Valerio’s registration
- [Zimbabwean tycoon John Moxon shares in Meikles plummet by US$140 million](https://insiderzim.com/zimbabwean-tycoon-john-moxon-shares-in-meikles-plummet-by-us140-million/) - Zimbabwean businessman and prominent investor John Moxon has faced a substantial setback in his fortunes after witnessing a staggering loss on his stake in the Harare-based conglomerate, Meikles Limited. Despite remarkable gains in the past, the market value of John Moxon’s shares in the company has plummeted, reducing the earlier profits he recorded on the
- [EU says level playing field a key focus as it launches Zimbabwe observer mission](https://insiderzim.com/eu-says-level-playing-field-a-key-focus-as-it-launches-zimbabwe-observer-mission/) - The European Union says a “level playing field” will be a key focus area of its election observer mission, which has now begun its work ahead of August polls. The EU’s Chief Observer Fabio Massimo Castaldo pledged that his observers would be “impartial” and not interfere in the process. “We will observe and analyse elections,
- [Zimbabwe dollar firms by more than $2 000 in four weeks](https://insiderzim.com/zimbabwe-dollar-firms-by-more-than-2-000-in-four-weeks/) - The Zimbabwe dollar today firmed by more than $100 to average $4771.3854 against the United States dollar, a gain of $2 155.19 since it hit a low of $6 926.5764 on 20 June. Offers at today’s auction ranged from $4 500 to $4 900 leaving room for further improvement. Today US$11.6 million out of the
- [Zhanda Zimbabwe’s newest multimillionaire](https://insiderzim.com/zhanda-zimbabwes-newest-multimillionaire/) - Zimbabwean businessman Paddy Zhanda has joined the ranks of the country’s multimillionaires as his wealth experiences a remarkable surge, firmly establishing him as one of the wealthiest investors on the Zimbabwe Stock Exchange. Zhanda, a prominent figure and owner of a significant stake in Masimba Holdings, has witnessed a substantial increase in his fortune, largely
- [Refinery linked to Zimbabwean businessman Simon Rudland suspended in Dubai and London](https://insiderzim.com/refinery-linked-to-zimbabwean-businessman-simon-rudland-suspended-in-dubai-and-london/) - A gold refinery reportedly linked to Zimbabwean businessman Simon Rudland has been suspended in the United Arab Emirates and in London, following claims of its role in money laundering. Emirates Gold DMCC — which has operated in Dubai for more than 30 years — was last week suspended from the UAE’s Good Delivery List, according
- [Zimbabwe dollar gains against the US dollar again- now at $4883.82](https://insiderzim.com/zimbabwe-dollar-gains-against-the-us-dollar-again-now-at-4883-82/) - The Zimbabwe dollar continued its rally against the United States dollar gaining $115 to average $4 883.8208 against the greenback. Offers at today’s wholesale auction ranged from $4 700 to $5 037 meaning the local currency could gain more ground against the United States dollar. Only US$4.8 million was allotted, less than a quarter of
- [Zimbabwe, Iran sign deal to assemble tractors in Zimbabwe](https://insiderzim.com/zimbabwe-iran-sign-deal-to-assemble-tractors-in-zimbabwe/) - Tractors, energy and anti-West rhetoric were on the table as Iranian leader Ebrahim Raisi held talks in Zimbabwe yesterday, the last leg of a three-nation tour meant to expand his country’s economic reach in Africa. Raisi and President Emmerson Mnangagwa signed 12 MoUs, which include plans for the construction of a tractor assembly plant in
- [Kasukuwere bid for Zimbabwe president thrown out- full judgement](https://insiderzim.com/kasukuwere-bid-for-zimbabwe-president-thrown-out-full-judgement/) - Former G40 kingpin Saviour Kasukuwere’s bid to become Zimbabwe president was thrown out today after High Court judge David Mangota ruled that he could not contest next month’s poll because he had been out of the country for more than 18 months. Mangota made the ruling following an application by Lovedale Mangwana challenging Kasukuwere’s nomination
- [Zimbabwe agrees to sell maize to Rwanda](https://insiderzim.com/zimbabwe-agrees-to-sell-maize-to-rwanda/) - Zimbabwe is to export 10 000 tonnes of maize to Rwanda and is in talks to export part of its wheat stocks to neighbours, cabinet says. The government says the Grain Marketing Board is currently holding 204 084 metric tonnes of maize. The maize will be distributed among local millers and the export market, cabinet
- [Zimbabwe dollar firms to $4 998.84 to the US dollar](https://insiderzim.com/zimbabwe-dollar-firms-to-4-998-84-to-the-us-dollar/) - The Zimbabwe dollar firmed by more than $250 at yesterday’s auction to land at $4 998.8352 to the United States dollar, continuing its rally against the greenback as the country heads for elections next month. The local currency has appreciated by nearly $2 000 in the past three weeks after hitting a low of $6
- [Zimbabwe dollar firms for the fourth consecutive time](https://insiderzim.com/zimbabwe-dollar-firms-for-the-fourth-consecutive-time/) - The Zimbabwe dollar has firmed for the fourth consecutive time gaining $144.90 in two days to average $5 251.06 cents against the United States dollar. Prices of some goods have started falling but Consumer Council of Zimbabwe chief executive Rosemary Mpfou said businesses were not reducing prices as quickly as they increased them when the
- [Motorists among the first to benefit from the firming Zimbabwe dollar](https://insiderzim.com/motorists-among-the-first-to-benefit-from-the-firming-zimbabwe-dollar/) - Zimbabwe’s motorists are among the first to benefit from the firming local currency which has appreciated to $5 395.96 against the United States dollar. The Zimbabwe National Road Administration has reduced toll fees for motorists by more than $1 000 from $11 960 to $10 800. The Zimbabwe dollar has firmed against the United States
- [Zimbabwe declares an end to load-shedding](https://insiderzim.com/zimbabwe-declares-an-end-to-load-shedding/) - Zimbabwe’s cabinet has declared an end to power outages which at their peak lasted for 19 hours daily, hobbling businesses and the economy. The cabinet today “noted with satisfaction” an announcement by state-owned Zimbabwe Electricity Supply Authority to end load-shedding, as the rotational supply cuts are known, due to “interventions implemented,” the Information Ministry said.
- [Nigerian billionaire eyes lithium deposit in Zimbabwe](https://insiderzim.com/nigerian-billionaire-eyes-lithium-deposit-in-zimbabwe/) - Nigerian billionaire and philanthropist Benedict Peters is reportedly considering entering the lithium mining sector in Zimbabwe. Peters, 56, made headlines in 2019 when he embarked on a platinum mining venture in Zimbabwe through his mining company, Bravura Holdings Ltd. The company acquired a 3 000-hectare (7 413-acre) concession and had plans to establish a mine
- [Zimbabwe dollar continues its rally against the US dollar, now at $5 395.96](https://insiderzim.com/zimbabwe-dollar-continues-its-rally-against-the-us-dollar-now-at-5-395-96/) - The Zimbabwe dollar continued its rally against the United States dollar appreciating by $930.63 from last Tuesday’s auction to average $5 395.9619. The highest offer was $5 550 and the lowest $5 200 an indication that the local currency could appreciate further against the greenback. According to Zimpricecheck, the blackmarket swipe rate is at $8
- [Mnangagwa warns foreigners hoarding basic commodities they will be deported](https://insiderzim.com/mnangagwa-warns-foreigners-hoarding-basic-commodities-they-will-be-deported/) - Zimbabwe President Emmerson Mnangagwa yesterday warned foreign business people that are hoarding basic commodities to create artificial shortages that they will be deported because his government will never tolerate such activities. Addressing his second national campaign rally in Matebeleland South, Mnangagwa said he had heard that some Indians in Harare were stocking basic goods like
- [Zimbabwe government critic says economic turnaround now a reality not just a feeling](https://insiderzim.com/zimbabwe-government-critic-says-economic-turnaround-now-a-reality-not-just-a-feeling/) - One of the Zimbabwe government’s critics, Gift Mugano, who last year predicted that the local currency would collapse by June, says the country’s economic turnaround is now a reality. “On 31 May 2023, I said that I have a feeling that the economy will turnaround after the general elections scheduled for 23 August 2023. Today
- [List of all candidates contesting this year’s Zimbabwe elections](https://insiderzim.com/list-of-all-candidates-contesting-this-years-zimbabwe-elections/) - More than 5 000 candidates are contesting this year’s elections in Zimbabwe on 23 August. These include 11 presidential candidates, 4 800 council candidates and 637 parliamentary candidates. Here is the full list of the candidates, incl;uding those vying for the Senate, provincial councils, women’s and youth quotas. Continued next page Continued next page Continued
- [Zimbabwe sugar producers suffer 5% drop in sales because of cheap imports](https://insiderzim.com/zimbabwe-sugar-producers-suffer-5-drop-in-sales-because-of-cheap-imports/) - Zimbabwe says its decision to lift duty on the import of basic goods is necessary to tame price hikes, but the measure is leaving a bitter taste in the mouth for the country’s sugar producers. Zimbabwean sugar producers lost 5% of their sales because the government allowed imports last year, according to the country’s leading
- [Zimbabwe 2023 elections by the numbers](https://insiderzim.com/zimbabwe-2023-elections-by-the-numbers/) - The Zimbabwe Electoral Commission (ZEC) is, starting today, releasing a full list of candidates that will stand in the 2013 elections. Here are a few quick numbers to chew over from ZEC’s report. 92: This is the number of council seats that ZANU PF has won uncontested. No opponents fielded candidates in these seats. This
- [Zimbabwe dollar appreciates by more than $1 000 in 9 days, now at $5 739.80 to the US dollar](https://insiderzim.com/zimbabwe-dollar-appreciates-by-more-than-1-000-in-9-days-now-at-5-739-80-to-the-us-dollar/) - The Zimbabwe dollar continues to appreciate against the United States dollar and yesterday averaged $5 739.7961 at the wholesale auction up from $6 326.5877 on Tuesday and $6 926.5764 on 20 June, the lowest the local currency has fallen to since the reintroduction of the local currency. The country’s reserve bank now has two auctions,
- [Termination of Zimbabwean Exemption Permit unlawful, permits now valid until June 2024](https://insiderzim.com/termination-of-zimbabwean-exemption-permit-unlawful-permits-now-valid-until-june-2024/) - The decision by the Minister of Home Affairs to terminate the Zimbabwean Exemption Permit (ZEP) has been declared unlawful, unconstitutional and invalid. Three judges, sitting as a full bench in the Pretoria High Court, have directed the minister to reconsider the issue “following a fair process” that complies with the relevant laws. Pending the outcome
- [Chamisa critics pounce on him for lying about V11s for 2018](https://insiderzim.com/chamisa-critics-pounce-on-him-for-lying-about-v11s-for-2018/) - Critics of opposition Citizens Coalition for Change leader Nelson Chamisa have pounced on him for allegedly lying in 2018 that he had all the V11 forms to prove that he had won the presidential elections for that year. This is after he revealed in an interview with South African television a day ago that his
- [Zimbabwe currency gain a significant step towards economic recovery](https://insiderzim.com/zimbabwe-currency-gain-a-significant-step-towards-economic-recovery/) - Zimbabwe’s local currency is finally displaying signs of stability after a tumultuous period that saw it plummet and inflation soar into triple digits. According to reports, the Zimbabwean dollar experienced its first gain this year, indicating positive progress in stabilising the currency. At yesterday’s central bank auction, the currency firmed by 9.4% against the US
- [Are Zimbabwe new tax measures a harbinger for bigger changes to come?](https://insiderzim.com/are-zimbabwe-new-tax-measures-a-harbinger-for-bigger-changes-to-come/) - Zimbabwe’s recent order to compel businesses to pay half of their US dollar taxes in Zimdollars is meant to support the sagging local currency. The move is laying the ground for more drastic action ahead – forcing a return to the Zimdollar as the “mono currency” and restricting the use of the US dollar for
- [Zimbabwe dollar firms by $600 against the US dollar,  is appetite for US dollar ebbing?](https://insiderzim.com/zimbabwe-dollar-firms-by-600-against-the-us-dollar-is-appetite-for-us-dollar-ebbing/) - The Zimbabwe dollar today firmed by nearly $600 against the United States dollar reversing months of its downward trend. It averaged $6 326.5877 up from $6 926.5764 last week. The appetite for the United States dollar seems to be ebbing. According to the Reserve Bank of Zimbabwe, commercial banks only bought US$10 million for their
- [Zimbabwe food inflation for June goes haywire](https://insiderzim.com/zimbabwe-food-inflation-for-june-goes-haywire/) - Zimbabwe’s food inflation shot up by a whopping 104% between May and June largely because of the decline in the local currency but non-food inflation rose by only 49.5%. Annual inflation more than doubled from 86.5% in May to 175.5% in June while overall month-on-month inflation shot up from 15.7% to 74.5% in June. Zimbabwe
- [UK-listed lithium miner misses production deadline- shares down 50%](https://insiderzim.com/uk-listed-lithium-miner-misses-production-deadline-shares-down-50/) - George Roach, CEO of Premier African Minerals, was downcast yet defiant in a call with shareholders today, as shares in his London-listed company went into freefall. The company announced that it has missed key production deadlines and declared force majeure at Zulu Lithium, sending its stocks down almost 50%. Premier completed the pilot plant in
- [Mnangagwa says ZANU PF is unstoppable. It will remain in power until kingdom come](https://insiderzim.com/mnangagwa-says-zanu-pf-is-unstoppable-it-will-remain-in-power-until-kingdom-come/) - Zimbabwe President Emmerson Mnangagwa yesterday said his Zimbabwe African National Union-Patriotic Front party is unstoppable and will remain in power until kingdom come. Speaking at the launch of his 2023 election campaign in Chipinge, home of ZANU founding president Ndabaningi Sithole, Mnangagwa said his party had already won 74 local authority seats before the elections
- [Zimbabwe says companies should pay taxes in local currency, those that seek money from black market will be sanctioned](https://insiderzim.com/zimbabwe-says-companies-should-pay-taxes-in-local-currency-those-that-seek-money-from-black-market-will-be-sanctioned/) - In another move to shore up its local currency, Zimbabwe says companies should pay half of the foreign currency portion of their tax obligations in Zimbabwe dollars but warned that those that will source money from the black market will be sanctioned by the Reserve Bank of Zimbabwe’s Financial Intelligence Unit. Those required to pay
- [Zimbabwe dollar plunge sees Masiyiwa net worth decline by US$400 million](https://insiderzim.com/zimbabwe-dollar-plunge-sees-masiyiwa-net-worth-decline-by-us400-million/) - Strive Masiyiwa, the richest man in Zimbabwe and one of the world’s wealthiest Black businesspeople, has experienced a significant decline in his net worth over the past month, after witnessing his fortune surge above US$2 billion in May. Masiyiwa is among several African billionaires who have faced a substantial pullback in their wealth as a
- [Zimbabwe aiming for single currency but it is doing so in stages](https://insiderzim.com/zimbabwe-aiming-for-single-currency-but-it-is-doing-so-in-stages/) - Zimbabwe is aiming to have a single currency but it is doing so in stages, Reserve Bank of Zimbabwe governor John Mangudya said. “Our vision is to have a mono-currency, but for now we are going in stages, we need to get economic fundamentals right to have a stable inflation and exchange rate,” Mangudya told
- [Zimbabwe dollar now at $6926.58 to the US dollar](https://insiderzim.com/zimbabwe-dollar-now-at-6926-58-to-the-us-dollar/) - The Zimbabwe dollar today dropped by nearly $1 000 to average $6 926.5764 to the United States dollar. The local currency is trading at between $7 700 and $8 400 giving a premium of 21%. Some economists say the local currency will start stabilising once companies start making their quarterly payments on 24 June.
- [Zimbabwe oil explorer may sell stake in gas project](https://insiderzim.com/zimbabwe-oil-explorer-may-sell-stake-in-gas-project/) - Invictus Energy may sell a stake in its Zimbabwean oil and gas project if its appraisal drilling campaign confirms commercially viable discoveries, managing director Scott Macmillan says. Invictus last month said a mud gas analysis from its Mukuyu-1 exploration well drilled last year confirmed the presence of light oil, gas condensate and helium at the
- [Africa’s minerals giants push for bigger battery bucks as China and the West vie for clean energy resources](https://insiderzim.com/africas-minerals-giants-push-for-bigger-battery-bucks-as-china-and-the-west-vie-for-clean-energy-resources/) - Some of Africa’s top mineral-producing nations are banning the export of raw battery minerals and instead want the metals processed locally as rivalry between China and Western nations over the critical resources intensifies. Namibia, the Democratic Republic of the Congo (DRC) and Zimbabwe have significant deposits of lithium – an essential component used to make
- [Zimbabwe dollar to stabilise provided government resists temptation to print money ahead of elections](https://insiderzim.com/zimbabwe-dollar-to-stabilise-provided-government-resists-temptation-to-print-money-ahead-of-elections/) - The Zimbabwe dollar will stabilise because of increased demand for the local currency provided that the government resists the temptation to print money ahead of the elections on 23 August, a member of the Reserve Bank of Zimbabwe’s Monetary Policy Committee, Persistence Gwanyanya said today. Writing in the Sunday Mail, Gwanyanya also suggested that the
- [Zimbabwe's President orders central bank to stop foreign currency borrowing](https://insiderzim.com/zimbabwes-president-orders-central-bank-to-stop-foreign-currency-borrowing/) - Zimbabwe's President Emmerson Mnangagwa has ordered the central bank to stop foreign currency borrowing, as the government battles to contain a plunge in the local currency ahead of a general election. Mnangagwa faces a tough bid for re-election in an August 23 vote amid surging inflation and a Zimdollar that has weakened by more than
- [List of 1 375 companies that were allotted money at the forex auction in May](https://insiderzim.com/list-of-1-375-companies-that-were-allotted-money-at-the-forex-auction-in-may/) - Nearly 1 400 companies and small businesses were allotted US$79.3 million at the foreign exchange auction in May bringing the total so far disbursed by the auction to US$4.1 billion. The auction, however, catered for only 10% of the foreign payments made so far this year with foreign currency accounts contributing 87% and the interbank
- [National Railways of Zimbabwe signs US$81.2m train deal with India](https://insiderzim.com/national-railways-of-zimbabwe-signs-us81-2m-train-deal-with-india/) - Indian engineering company RITES, formerly known as Rail India Technical and Economic Services, has signed a US$81.2 million contract to supply diesel locomotives and wagons to the National Railways of Zimbabwe (NRZ), Zimbabwe’s first purchase of new rolling stock in decades. RITES will supply 3 000-horsepower diesel electric locomotives and high-sided open wagons, according to
- [Zimbabwe dollar now at $6 713.35 to the US dollar- convergence by mid next month](https://insiderzim.com/zimbabwe-dollar-now-at-6-713-35-to-the-us-dollar-convergence-by-mid-next-month/) - The Zimbabwe dollar today dropped to $6 713.3462 to the United States at the central bank’s wholesale foreign currency auction narrowing the gap with the black market rate of $8 200 for swipe and zipit. The premium at Tuesday’s auction was 30%. It dropped to 22% today. A currency is said to have stabilised when
- [Two UK-listed firms to kick off Zimbabwe lithium projects](https://insiderzim.com/two-uk-listed-firms-to-kick-off-zimbabwe-lithium-projects/) - Two UK-listed companies have passed key milestones in their push to start mining lithium at separate projects in Zimbabwe, reflecting sustained interest in Zimbabwean lithium despite an uncertain outlook for the battery metal. Galileo Resources, listed on London’s AIM market, announced on Thursday that it has started a drilling programme at the Kamativi target, where
- [Zimbabwe dollar has depreciated by 647% this year- those in the formal sector hurt most](https://insiderzim.com/zimbabwe-dollar-has-depreciated-by-647-this-year-those-in-the-formal-sector-hurt-most/) - The Zimbabwe dollar has depreciated by 647% this year but this is hurting those in the formal sector most, IH Securities says in its latest consumer report. The local currency this year kicked off at $705.42 at the central bank foreign currency auction but was down to $5 978.68 on Tuesday. The black market rate
- [Zimbabwe farmers produce the country’s biggest ever tobacco crop](https://insiderzim.com/zimbabwe-farmers-produce-the-countrys-biggest-ever-tobacco-crop/) - Zimbabwe has recorded its highest-ever tobacco output, earning US$793 million so far, and the small-scale farmers who have made it possible are demanding a bigger say in how their crop is sold. Tobacco sales hit 263 million kg yesterday, beating the previous record of 261 million kg set in 2019, according to data from industry
- [Zimbabwe Parliament okays nomination fees](https://insiderzim.com/zimbabwe-parliament-okays-nomination-fees/) - Zimbabwe’s Parliament has okayed nomination fees that were gazetted last year saying they do not infringe the country’s constitution. This was after Parliament’s Legal committee met on 12 June and gave a non-adverse report on Statutory Instrument 144 of 2022 which increased the fees for presidential candidates from US$1 000 to US$20 000 and those
- [Zimbabwe white legislator storms out of Parliament -says he is disgusted with racism](https://insiderzim.com/zimbabwe-white-legislator-storms-out-of-parliament-says-he-is-disgusted-with-racism/) - The Member of Parliament for Harare North, Allan Markham, today stormed out of Parliament after Joseph Chinotimba referred to him as white, saying he is disgusted by the racism from both the ruling party and his own opposition party. The racist remarks arose when Chinotimba interjected that the opposition was opting for a white candidate
- [COVID is back in Zimbabwe. It does not want elections](https://insiderzim.com/covid-is-back-in-zimbabwe-it-does-not-want-elections/) - COVID is back in Zimbabwe and it does not want elections, legislator Ruth Labode, who is a medical doctor, told Parliament yesterday. She said that COVID was on the increase, so the Minister of Health must declare that people start wearing masks. “If you do not trigger an alarm now, you will go to the
- [Zimbabwe dollar now officially at $6 000 to the US dollar](https://insiderzim.com/zimbabwe-dollar-now-officially-at-6-000-to-the-us-dollar/) - The Zimbabwe dollar today dropped to $5 978.6794 to the United States dollar closing the gap with the black market which was put at $7 800 by Zimpricecheck. Offers by the small and medium enterprises ranged from $5 200 to $7 000 while those by large firms were from $5 900 to $7 155. A
- [IMF says Zimbabwe should accelerate liberalisation of forex market](https://insiderzim.com/imf-says-zimbabwe-should-accelerate-liberalisation-of-forex-market/) - The International Monetary Fund has urged Zimbabwe to take further steps on currency reform, after the southern African nation stopped short of free-floating its local dollar. The credibility and effectiveness of the recent measures by authorities will depend on the “swift resolve” to liberalise the foreign-exchange market with a view to transition to market-based price
- [Jonathan Moyo explains why he dumped Chamisa and is backing ZANU-PF](https://insiderzim.com/jonathan-moyo-explains-why-he-dumped-chamisa-and-is-backing-zanu-pf/) - Exiled Zimbabwean politician, Jonathan Moyo, says he dumped Citizens Coalition for Change leader Nelson Chamisa because he has changed big time from the candidate that contested the 2018 elections. Moyo said Chamisa had changed from someone who wanted to forge a broad-based movement to a person who “leads an opaque secret society called CCC, which
- [Chamisa seems to be doing everything to make sure he loses the 2023 elections](https://insiderzim.com/chamisa-seems-to-be-doing-everything-to-make-sure-he-loses-the-2023-elections/) - I have watched, reported on and participated in the past 10 elections that Zimbabwe has held so far. The 2023 elections due in six weeks are quite different. The lackadaisical attitude of the opposition towards the elections is baffling. Citizens Coalition for Change leader Nelson Chamisa, despite being the most formidable candidate who could beat
- [Mnangagwa says we should never waste a good crisis](https://insiderzim.com/mnangagwa-says-we-should-never-waste-a-good-crisis/) - President Emmerson Mnangagwa says Zimbabwe has learnt to turn a bad crisis into a good one by looking inward and mobilising its God-given resources. “They say we should never waste a good crisis. As a nation, we have decided a bad crisis wrought by sanctions should be made good by us looking inward, and by
- [Charamba writes off Kasukuwere - says he is not worth even a spoilt ballot](https://insiderzim.com/charamba-writes-off-kasukuwere-says-he-is-not-worth-even-a-spoilt-ballot/) - Zimbabwe President Emmerson Mnangagwa’s spokesman George Charamba has written off former Zimbabwe African National Union-Patriotic Front political commissar Saviour Kasukuwere as a presidential contender in the 23 August elections saying as a candidate his significance and value hardly surpasses a farthing which cannot procure even an unregistered voter or a spoilt ballot. Writing in the
- [Zimbabwe says it has enough foreign currency to meet all bank customer needs](https://insiderzim.com/zimbabwe-says-it-has-enough-foreign-currency-to-meet-all-bank-customer-needs/) - The Reserve Bank of Zimbabwe today said the country has enough foreign currency to meet all the needs of the banks’ customers. It said so in response to reports in the social media that two banks, FBC Bank and BancABC, were deactivating international debit and credit cards. Both banks have denied issuing such statements describing
- [Zimbabwe Parliament says illicit mineral leaks could plunge the country into turmoil](https://insiderzim.com/zimbabwe-parliament-says-illicit-mineral-leaks-could-plunge-the-country-into-turmoil/) - Zimbabwe’s Parliamentary Committee on Defence, Home Affairs and Security Services says it is everyone’s responsibility to guard the country’s mineral wealth because illicit mineral leaks could plunge the country into economic, social and political turmoil. In its report on illicit trading and mineral leakages, the committee said that when the economy bleeds, political mischief and
- [FBC takes over Standard Chartered Bank](https://insiderzim.com/fbc-takes-over-standard-chartered-bank/) - FBC Holdings, Zimbabwe’s fourth largest bank by loan book, is to take over the Zimbabwe business of Standard Chartered, which announced last year it was leaving the country and six other markets. FBC will acquire 100% of Stanchart Zimbabwe and the Africa Enterprise Network Trust, which holds a 20.7% shareholding in Mashonaland Holdings, the two
- [South Africa extends Zimbabwe Exemption Permits to December 2023- details](https://insiderzim.com/south-africa-extends-zimbabwe-exemption-permits-to-december-2023-details/) - The South African government has extended Zimbabwe Exemption Permits, which were expiring at the end of this month, to the end of the year. The decision has irked some critics who view it as an extension of a lifeline to the ruling Zimbabwe African National Union-Patriotic Front ahead of the elections on 23 August. Only
- [Zimbabwe liberalises forex trading](https://insiderzim.com/zimbabwe-liberalises-forex-trading/) - Zimbabwe has liberalised foreign currency trading with effect from today and is making the interbank market the primary source of foreign currency trading instead of the auction which will now cater for small and medium businesses. The Reserve Bank of Zimbabwe’s Monetary Policy Committee which met yesterday said interbank trading limits will be increased from
- [Zimbabwe dollar plunges more than $1 000 to land at $3 673.77 to the US dollar](https://insiderzim.com/zimbabwe-dollar-plunges-more-than-1000-to-land-at-3673-77-to-the-us-dollar/) - The Zimbabwe dollar today plunged by more than $1 000 to land at $3 673.7718 to the United States indicating that the central bank has released all the brakes on the local currency's freefall. Offers at today's auction ranged from $3 500 to $4 100 almost matching black market rates which ranged from $2 400
- [Jonathan Moyo explains Bulawayo rot](https://insiderzim.com/jonathan-moyo-explains-bulawayo-rot/) - Exiled former minister Jonathan Moyo says Bulawayo, Zimbabwe’s second city, has lost its former glory as the country’s best run city because it has aligned its vote with Harare since 2000 to the detriment of its own developmental interests and those of the region. Writing on his twitter handle, Moyo said, it is now time
- [Mnangagwa tells foreign powers they are not stakeholders in Zimbabwe’s electoral processes](https://insiderzim.com/mnangagwa-tells-foreign-powers-they-are-not-stakeholders-in-zimbabwes-electoral-processes/) - Zimbabwe President Emmerson Mnangagwa today said that he will be inviting foreign countries to observe the country’s elections in August but they will be observers and not monitors because they are not stakeholders in the country’s electoral processes. Writing in the Sunday Mail, Mnangagwa said while Zimbabwe benchmarked its elections against best practices in the
- [What will get you in trouble under the Criminal Law (Codification and Reform) Amendment Bill](https://insiderzim.com/what-will-get-you-in-trouble-under-the-criminal-law-codification-and-reform-amendment-bill/) - Parliament has passed the Criminal Law (Codification and Reform) Amendment Bill, meant to punish citizens who “wilfully damage the sovereignty and national interest” of Zimbabwe. The bill contains several changes to existing laws, such as penalties for illegal drugs, mandatory sentences for rape, and measures on the abuse of authority by public servants. However, it
- [Rising stars ZANU-PF hopes will win it votes](https://insiderzim.com/rising-stars-zanu-pf-hopes-will-win-it-votes/) - Zimbabwe’s ruling party, which has retained power for more than four decades through a series of disputed votes, is undergoing a makeover by adding fresh faces to its lineup of lawmaker candidates to contest upcoming elections. The move by the Zimbabwe African National Union-Patriotic Front — long-dominated by elderly war veterans who fought against colonial
- [Can Mnangagwa make Zimbabwe great again?](https://insiderzim.com/can-mnangagwa-make-zimbabwe-great-again/) - The August elections are an opportunity that Mnangagwa should grasp to restore trust and confidence between the government and the international community, but compensation to unpaid investors, including farmers and miners, is key to re-engagement. The potential restoration of Zimbabwe as a member of good standing in the international community could be the biggest game-changer
- [Zimbabwe aims to double power output by 2025](https://insiderzim.com/zimbabwe-aims-to-double-power-output-by-2025/) - Zimbabwe's state power utility ZESA aims to more than double national grid capacity by 2025 to respond to increased demand from the mining sector, its chief executive said yesterday. The country currently has a generating capacity of 2 000 megawatts (MW) but is only producing 1 400 MW due to regular breakdowns at its thermal
- [Abandoned emerald mine could be sitting on Zimbabwe’s biggest lithium resource](https://insiderzim.com/abandoned-emerald-mine-could-be-sitting-on-zimbabwes-biggest-lithium-resource/) - Sandawana Mine was once one of the world’s largest emerald mines, but it shut down years ago after production collapsed and it lost markets. Now, Kuvimba Mining House wants to reopen the mine, this time as a lithium producer. The abandoned mine, once owned by Rio Tinto, was last year the scene of a rush
- [The real reason Mliswa was expelled from Parliament on Tuesday](https://insiderzim.com/the-real-reason-mliswa-was-expelled-from-parliament-on-tuesday/) - Independent legislator Temba Mliswa was expelled from Parliament for his unparliamentary conduct and not over Gukurahundi, the temporary Speaker on that day Tatenda Mavetera said. Responding to a question on why she had expelled Mliswa, Mavetera said: “Hon. T. Mliswa is not being chased because of the Gukurahundi issue. He is being asked to go
- [Zimbabwe to hold elections on 23 August](https://insiderzim.com/zimbabwe-to-hold-elections-on-23-august/) - Zimbabwe will hold its harmonised elections on 23 August 2023,President Emmerson Mnangagwa announced today. In the event that there is no clear winner in the presidential race, a run-off will be held on 2 October. Nominations are just three weeks away on 21 June.
- [Masiyiwa’s net worth declines by US$100 million in two weeks](https://insiderzim.com/masiyiwas-net-worth-declines-by-us100-million-in-two-weeks/) - Zimbabwe’s richest man Strive Masiyiwa, who recently regained his status as one of Africa’s billionaires with a net worth exceeding US$2 billion, has experienced a significant setback in his fortune over the past two weeks. Masiyiwa, renowned as the founder of Econet Wireless Zimbabwe, the country’s largest telecommunications conglomerate, has seen his net worth decline
- [Zimbabwe dollar down to $2 577.06 to the US dollar](https://insiderzim.com/zimbabwe-dollar-down-to-2-577-06-to-the-us-dollar/) - The Zimbabwe dollar today plunged by nearly $700 to average $2 577.0564 against the United States dollar narrowing the gap with the black market swipe rate now put at $3 600. The black market rate is $2 880 while the mobile money rate is $3 200. The plunge of the Zimbabwe dollar at the last
- [Jonathan Moyo applauds Mthuli Ncube for refusing to ditch the Zimbabwe dollar](https://insiderzim.com/jonathan-moyo-applauds-mthuli-ncube-for-refusing-to-ditch-the-zimbabwe-dollar/) - Exiled former minister Jonathan Moyo has applauded Finance Minister Mthuli Nciube for refusing to ditch the Zimbabwe dollar saying the bold decision that he had taken demonstrated that the government was willing to put its mouth where its money was. Commenting on measures introduced by Ncube yesterday to shore up the local currency which included
- [Zimbabwe announces raft of measures to stabilise local currency - weekly forex auction now limited to maximum of US$5 million](https://insiderzim.com/zimbabwe-announces-raft-of-measures-to-stabilise-local-currency-weekly-forex-auction-now-limited-to-maximum-of-us5-million/) - Zimbabwe has announced a raft of measures to stabilise its currency which has tumbled over the past few weeks resulting in prices of goods rising sharply and month-on-month inflation going up to 15.7%. Food inflation rose by 25.9% . The measures include ordering all government departments and parastatals to collect fees in local currency. The
- [Zimbabwe business calls for breaks on panic buyers](https://insiderzim.com/zimbabwe-business-calls-for-breaks-on-panic-buyers/) - It is a song that Zimbabweans have heard playing before: as the Zimbabwe dollar loses more value, shops are struggling to restock fast enough and the country’s biggest industry group wants brakes put on panic buyers. As the gap widens between Zimbabwe’s formal and black market exchange rates, retailers are struggling to restock their shelves
- [Five things Africa (and Zimbabwe) has to do to be its own master- Mnangagwa](https://insiderzim.com/five-things-africa-and-zimbabwe-has-to-do-to-be-its-own-master-mnangagwa/) - Zimbabwe President Emmerson Mnangagwa says Africa and Zimbabwe can develop using their own resources and outsiders should only come in to support. Writing in his column in the Sunday Mail, Mnangagwa listed five things that need to be done for Africa to be its own master and rejected the notion that Africa was a new
- [US President Joe Biden commits US$300-million credit facility to Strive Masiyiwa’s ADC](https://insiderzim.com/us-president-joe-biden-commits-us300-million-credit-facility-to-strive-masiyiwas-adc/) - President Joe Biden has unveiled a US$300-million credit facility through the US International Development Finance Corporation (DFC) for Africa Data Centres (ADC), Africa’s leading network of interconnected data facilities owned by Zimbabwe’s richest man Strive Masiyiwa. The US$300-million facility, made possible by the US government’s Partnership for Global Infrastructure and Investment (PGII) initiative, will be
- [UK not sure yet if it will send observers to Zimbabwe elections](https://insiderzim.com/uk-not-sure-yet-if-it-will-send-observers-to-zimbabwe-elections/) - The United Kingdom is not sure yet whether it will send observers to Zimbabwe’s elections in August because invitations will not be issued until the election date has been announced. Responding to a question in the UK Parliament yesterday Minister for Africa, Andrew Mitchell, said the UK was working alongside international partners to prepare support
- [Jonathan Moyo says there is no sabotage in price hikes in Zimbabwe, just problems with no solutions](https://insiderzim.com/jonathan-moyo-says-there-is-no-sabotage-in-price-hikes-in-zimbabwe-just-problems-with-no-solutions/) - Former Information and later Higher Education Minister Jonathan Moyo has offered Zimbabwe Finance Minister Mthuli Ncube two suggestions to end the current price madness in the country claiming that there is no sabotage going on. There are only problems with no solutions. In an open letter on his twitter handle in which he was commenting
- [Is there a hidden political mission to the price hike madness?](https://insiderzim.com/is-there-a-hidden-political-mission-to-the-price-hike-madness/) - The old, and wise, always advise adults against joining children in whatever game they would be playing in muddy fields, to demonstrate how good they were at the sport in their prime years. This is centred on fears the adult could be tripped or dribbled to the ground by the agile children and then, in
- [Zimbabwe dollar plunges by $483.21 as it plays catch-up with the black market](https://insiderzim.com/zimbabwe-dollar-plunges-by-483-21-as-it-plays-catch-up-with-the-black-market/) - The Zimbabwe dollar today plunged by $483.21 to average $1 888.0119 against the United States dollar narrowing the gap with the black market which had a cash rate of $1 700 and a swipe rate of $3 300. More than 1 100 bids worth US$60.3 million were accepted at today’s auction but only 225 were
- [Zimbabwe government main culprit behind the price hikes, own inquiry says but Charamba disagrees](https://insiderzim.com/zimbabwe-government-main-culprit-behind-the-price-hikes-own-inquiry-says-but-charamba-disagrees/) - Just as officials blame rising prices on political sabotage by big business, a new inquiry by the government itself is pointing elsewhere – at the government itself. Last week, Cabinet announced that it would conduct an inquiry into why prices are raging – saying it needed an “evidence-based” approach to the crisis. The study was
- [Get-rich-quick schemes: five signs you’re being scammed](https://insiderzim.com/get-rich-quick-schemes-five-signs-youre-being-scammed/) - Consumers are under a lot of financial strain. The World Economic Forum reports that the cost-of-living crisis is affecting people across the globe. With food and fuel prices rising, it’s becoming increasingly difficult to keep financially afloat. On top of that, salaries aren’t keeping up with inflation, making it more difficult to save and build
- [Joburg acting mayor says he now understands why Mugabe banned NGOs](https://insiderzim.com/joburg-acting-mayor-says-he-now-understands-why-mugabe-banned-ngos/) - Despite coming under attack for conducting “illegal” raids in Johannesburg buildings during his two-day stint as acting mayor, Patriotic Alliance secretary Kenny Kunene says he would do it again because he has a mandate from his voters. Kunene said the reaction of some NGOs to his raids made him understand why the late Zimbabwean President
- [Mnangagwa accuses Zimbabwe business of back-stabbing him - asks: are we dealing with business or politicians disguised as chief executives?](https://insiderzim.com/mnangagwa-accuses-zimbabwe-business-of-back-stabbing-him-asks-are-we-dealing-with-business-or-politicians-disguised-as-chief-executives/) - Zimbabwe President Emmerson Mnangagwa has accused local business of back-stabbing him because he has made several concessions to enable business to operate more efficiently and improve capacity utilisation but instead they are sabotaging his efforts. Writing in the Sunday Mail today, Mnangagwa listed at least five concessions his government has made to boost business but
- [One of the greatest mistakes Zimbabweans have always made is to equate Chamisa to Mnangagwa](https://insiderzim.com/one-of-the-greatest-mistakes-zimbabweans-have-always-made-is-to-equate-chamisa-to-mnangagwa/) - A retired bishop, once head of the Zimbabwe Council of Churches, once told me that one of the greatest mistakes Zimbabweans have always made, and continue to make, is to equate Citizens Coalition for Change leader Nelson Chamisa to President Emmerson Mnangagwa. The cleric said that while Mnangagwa was leader of the Zimbabwe African National
- [Zimbabwe power shortages likely to ease from tomorrow when Unit 7 is brought back to the grid](https://insiderzim.com/zimbabwe-power-shortages-likely-to-ease-from-tomorrow-when-unit-7-is-brought-back-to-the-grid/) - Hwange Power Station Unit 7 will be brought back to the grip tomorrow adding 300 MW of power after the unit was taken off the group for final checks. Energy Minister Zhemu Soda said Unit 8 was synchronised on 11 May and it was run for about three hours but was taken off the grid
- [What Zimbabwe is doing to stop rampant price increases](https://insiderzim.com/what-zimbabwe-is-doing-to-stop-rampant-price-increases/) - Zimbabwe will stop at nothing to ensure that the lives of its people become comfortable, Information Minister Monica Mutsvangwa told the Senate on Thursday. She was responding to a question from Senator Morgen Komichi who wanted to know what had caused the black market rate to go up as it had. The black market rate
- [Does Zimbabwe legislator have 34 wives?](https://insiderzim.com/does-zimbabwe-legislator-have-34-wives/) - Does Mutare West Member of Parliament Teedzayi Muchimwe have 34 wives? This was a question that was never answered as Muchimwe did not get a chance to respond after opposition legislator Tendai Biti claimed that he had 34 wives. Biti’s colleague Chalton Hwende added that 16 of those wives were under age. The two legislators
- [Zimbabwe legislators to be docked if they fail to attend Parliament when booked in hotels](https://insiderzim.com/zimbabwe-legislators-to-be-docked-if-they-fail-to-attend-parliament-when-booked-in-hotels/) - Members of Parliament who fail to attend Parliament or come late or fail to attend the full session when they are booked in hotels in Harare will be docked their sitting allowance twice. This was said by the Speaker of Parliament Jocob Mudenda who said that his decision, which was based on Standing Order Number
- [Ziyambi says Mliswa and Biti should suggest ways of strengthening Zimbabwe dollar not to just say they prefer the US dollar](https://insiderzim.com/ziyambi-says-mliswa-and-biti-should-suggest-ways-of-strengthening-zimbabwe-dollar-not-to-just-say-they-prefer-the-us-dollar/) - Zimbabwe Justice Minister Ziyambi Ziyambi says independent legislator Temba Mliswa and former Finance Minister Tendai Biti must come up with solutions on how to strengthen the local currency and not just say they prefer the United States dollar because that is not a solution. Responding to questions in Parliament on why the government did not
- [The United States could run out of money as early as 1 June](https://insiderzim.com/the-united-states-could-run-out-of-money-as-early-as-1-june/) - For months, the US has thundered toward a debt limit crisis. Democrats refused to negotiate, and Republicans insisted on a deal stocked with right-wing policy priorities. More recently, President Biden has agreed to have his staff meet directly with Speaker Kevin McCarthy’s aides, and the chances of getting a deal to increase the borrowing limit
- [Second batch of Zimbabwe digital tokens mops out $8 billion](https://insiderzim.com/second-batch-of-zimbabwe-digital-tokens-mops-out-8-billion/) - The second batch of gold-backed digital tokens today mopped out $8 billion to increase the tally to $22 billion in just two weeks. According to the Reserve Bank of Zimbabwe there were a total of 106 applications with only two in United States dollars. The tokens purchased represented 71.6 kg of gold. Applications for the
- [Zimbabwe Parliament to get tough on errant ministers](https://insiderzim.com/zimbabwe-parliament-to-get-tough-on-errant-ministers/) - Zimbabwe Speaker of Parliament Jacob Mudenda yesterday said government ministers who give more than three apologies for failing to attend question time on Wednesdays will be summoned to explain why. He said this after several ministers gave apologies yesterday. Opposition legislator Prosper Mutseyami said ministers and their deputies should not be allowed to get away
- [Masiyiwa net worth up by US$1 billion since start of 2023](https://insiderzim.com/masiyiwa-net-worth-up-by-us1-billion-since-start-of-2023/) - In a remarkable turn of events, African billionaires who suffered significant losses in 2022 are now on the path to recouping their fortunes. Among them is Strive Masiyiwa, the telecom tycoon hailing from Zimbabwe, who has seen a remarkable increase in his net worth since the beginning of this year. Forbes, the leading US business
- [Only US$15 million to be available for auction next week](https://insiderzim.com/only-us15-million-to-be-available-for-auction-next-week/) - The Reserve Bank of Zimbabwe has announced that only US$15 million will be available for auction next week. The central bank says this is in line with the refinement of the foreign exchange auction system and going forward, the bank will announce the amount on offer at the auction way before the auction. US$14.4 million
- [Shortage of platinum could be good news for Zimbabwe](https://insiderzim.com/shortage-of-platinum-could-be-good-news-for-zimbabwe/) - The world platinum industry expects a shortage of the metal this year – and that is good news for Zimbabwean producers, who are currently expanding operations. There will be a platinum deficit of 983 000 ounces in 2023, according to a new report by the World Platinum Investment Council (WPIC), which represents the world’s leading
- [Zimbabwe dollar drops to $1 404.80 to the US dollar but black market now at $2 950](https://insiderzim.com/zimbabwe-dollar-drops-to-1-404-80-to-the-us-dollar-but-black-market-now-at-2-950/) - The Zimbabwe dollar today fell by $192.26 against the United States dollar to average $1 404.8039 but this is way below the black market rate where the dollar is freely changing hands at $2 000 cash and the swipe rate has plunged to $2 950. Offers at today’s auction ranged from $1 351 to $1
- [African Development Bank to help raise US$3.5 billion to compensate white Zimbabwe farmers](https://insiderzim.com/african-development-bank-to-help-raise-us3-5-billion-to-compensate-white-zimbabwe-farmers/) - The African Development Bank plans to help Zimbabwe raise US$3.5 billion needed to compensate white farmers evicted from their land more than two decades ago, a condition set by the nation’s biggest creditors before they accept a proposed debt-clearance programme. “We are currently working with the Minister of Finance and the government of Zimbabwe to
- [Bikita Minerals stops work for 7 days to address concerns raised by the government](https://insiderzim.com/bikita-minerals-stops-work-for-7-days-to-address-concerns-raised-by-the-government/) - Bikita Minerals says it is halting operations for a week to address “administrative concerns”, potentially delaying a US$200 million investment in new capacity at the country’s oldest lithium mine. Mine Manager David Mwanza did not detail what these concerns are, but the action comes after reports of a staff dispute over work conditions and a
- [Only 11 basic goods exempted from import duty and tax listed but business concerned](https://insiderzim.com/only-11-basic-goods-exempted-from-import-duty-and-tax-listed-but-business-concerned/) - The government has scrapped import licences as well as duty and tax on 11 basic commodities but business is already concerned that the move will stall capacity utilisation which had risen to 63%. The goods exempted are maize meal, rice, salt, sugar, milk, cooking oil, toothpaste, flour, bathing soap, petroleum jelly and washing soap. Supporters
- [Zimbabwe gold-backed digital tokens mop out $14 billion](https://insiderzim.com/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 only US$810. The International Monetary Fund cautioned Zimbabwe against the move suggesting that the country should simply liberalise the exchange rate. The Reserve Bank of
- [Dollarisation will shrink Zimbabwe economy, warns Delta](https://insiderzim.com/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 as high as 85% over the past year, averaging 67% in the 12 months to March. While this has its benefits, such as helping stabilise
- [Zimbabwe lifts all restrictions on importation of basic goods, scraps 15% surrender requirement on domestic sales in foreign currency](https://insiderzim.com/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 will also be duty and tax free. This is one of the measures announced by Finance Minister Mthuli Ncube today to stabilise the exchange rate
- [Petition to Parliament to summon person thought to be Mnangagwa’s spokesman thrown out](https://insiderzim.com/petition-to-parliament-to-summon-person-thought-to-be-mnangagwas-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 on the social media was ruled inadmissible, Speaker of Parliament Jacob Mudenda told Parliament yesterday. Tinoedza Zvimwe is widely thought to be President Emmerson Mnangagwa’s
- [Can WestProp survive the loss of Pomona City?](https://insiderzim.com/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 Pomona City, could be catastrophic for the company as that single asset represented more than half of its property holdings. An evaluation report in WestProp’s
- [Is Zimbabwe dollar now down to $3 000 to US dollar?](https://insiderzim.com/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 said had resulted in the local currency plunging to $3 000 to the US dollar. The local currency dropped to $1 212.54 at yesterday’s auction.
- [Is a cleaner-than-clean election possible in Zimbabwe?](https://insiderzim.com/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 conduct and outcome of this election, particularly from Zimbabwe’s neighbours, especially South Africa, as well as the broader Southern, Eastern and Central Africa. Zimbabwe has
- [WestProp suffers major blow as court cancels transfer of Pomona City to the company](https://insiderzim.com/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 to build Pomona City. The order was issued by Justice Nyaradzo Munangati-Manongwa in the case between Fairclot Investments and Augur Investments, the Sheriff of the
- [Zimbabwe dollar sheds $142 to average $1 212.54 to the US dollar](https://insiderzim.com/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 as $2 300 according to Zimpricecheck. Local media reports have put the black market rate at a staggering $2 700. Stockbroking firm IH Securities says
- [Premium on the black market rate of the Zimbabwe dollar widens to 101% in April](https://insiderzim.com/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 in its outlook today. The Reserve Bank of Zimbabwe has introduced gold-backed digital tokens to shore up the local currency but IH Securities says that
- [Bikita Minerals to complete new lithium processing plant in June- aiming for US$1 billion revenue by next year](https://insiderzim.com/bikita-minerals-to-complete-new-lithium-processing-plant-in-june-aiming-for-us1-billion-revenue-by-next-year/) - Bikita Minerals expects to complete its new lithium processing plant in June, saying it has doubled revenue after metals giant Sinomine took over the country’s oldest petalite mine last year. Sinomine bought into Bikita last year in a US$180 million deal with African Metals Management Services and German investor Wilfried Pabst’s Southern African Metals and
- [Zimbabwe Constitutional Court dismisses Mwonzora’s application to postpone elections](https://insiderzim.com/zimbabwe-constitutional-court-dismisses-mwonzoras-application-to-postpone-elections/) - Zimbabwe’s highest court, the Constitutional Court, has dismissed an application by Movement for Democratic Change leader Douglas Mwonzora to postpone this year’s elections because the Zimbabwe Electoral Commission’s delimitation report is deeply flawed. Chief Justice Luke Malaba said the application had been dismissed with no order as to the costs because no cause of action
- [WestProp fails to sell a single share on its first day of trading](https://insiderzim.com/westprop-fails-to-sell-a-single-share-on-its-first-day-of-trading/) - WestProp Holdings failed to sell a single share on its first day of trading at the Victoria Falls exchange today. It was, however, not the only company on the 11-member exchange that did not sell any shares today as five others did not and another five did. The opening price for its shares was US$10.
- [Paddy Zhanda’s wealth surges by US$10 million in four months](https://insiderzim.com/paddy-zhandas-wealth-surges-by-us10-million-in-four-months/) - Zimbabwean tycoon Paddy Zhanda, who owns a significant stake in Masimba Holdings, has seen his wealth figures surge by over US$10 million since the start of the year, according to data tracked by Billionaires.Africa. Zhanda, one of the wealthiest investors on the Zimbabwe Stock Exchange, owns an 8.08 percent beneficial stake in Masimba Holdings through
- [Forget about where Mnangagwa sat at King Charles’s coronation- his mere invitation was a big deal, Jonathan Moyo says](https://insiderzim.com/forget-about-where-mnangagwa-sat-at-king-charless-coronation-his-mere-invitation-was-a-big-deal-jonathan-moyo-says/) - Former Information and Higher Education Minister Jonathan Moyo says Zimbabweans should not be infatuated with trivialities like where President Emmerson Mnangagwa sat at the coronation of King Charles III. Mnangagwa’s mere invitation was a big deal as it was the first bilateral invite to the country's head of state in 23 years. It was therefore
- [WestProp takes a huge gamble as it starts trading on the Victoria Falls Stock Exchange tomorrow](https://insiderzim.com/westprop-takes-a-huge-gamble-as-it-starts-trading-on-the-victoria-falls-stock-exchange-tomorrow/) - WestProp Holdings, which starts trading at the Victoria Falls Stock Exchange tomorrow, has taken a huge gamble after it raised only US$3.3 million against a target of US$40 million through its initial public offering. Chief executive Ken Sharpe,however, said investors should not despise this humble beginning “because we will be coming back to the market
- [Deck stacked against Zimbabwe’s opposition in upcoming elections](https://insiderzim.com/deck-stacked-against-zimbabwes-opposition-in-upcoming-elections/) - Zimbabwe is expected to hold a general election this year. However, President Emmerson Mnangagwa has yet to announce the poll date publicly, and his ability to do so could be delayed by a court complaint filed against Zimbabwe’s electoral commission by one of the country’s opposition parties. Nevertheless, when it does take place, the election
- [Zimbabwe gold-backed digital tokens to sell for as little as US$10](https://insiderzim.com/zimbabwe-gold-backed-digital-tokens-to-sell-for-as-little-as-us10/) - Zimbabwe’s gold-backed digital tokens, which will be introduced on Monday, will sell for as little as US$10, making them handy for transactions. The tokens will mainly serve as a store of value and will have a vesting period of 180 days, though they will also be used for transactions. The tokens are meant to shore
- [Caledonia starts selling its own gold to an offshore refiner](https://insiderzim.com/caledonia-starts-selling-its-own-gold-to-an-offshore-refiner/) - Caledonia Mining has started directly exporting its gold, winning a key concession that it says will help it raise offshore capital for expansion in Zimbabwe. The company says it has been seeking a way to export its gold directly since it listed on the Victoria Falls Stock Exchange (VFEX) in 2021. Caledonia says unrefined gold
- [Old Mutual joins the mobile money market. Can it challenge Ecocash and Innbucks?](https://insiderzim.com/old-mutual-joins-the-mobile-money-market-can-it-challenge-ecocash-and-innbucks/) - It already dominates property in Zimbabwe, but now Old Mutual is moving to occupy a different kind of real estate – in the digital space. Old Mutual, the country’s biggest insurance company and a dominant player in the financial sector, is launching a financial technology unit, Old Mutual Digital Services (OMDS). This subsidiary will provide
- [Uebert Angel’s British citizenship questioned](https://insiderzim.com/uebert-angels-british-citizenship-questioned/) - A British peer yesterday questioned Zimbabwe’s ambassador-at-large, Uebert Angel’s British citizenship asking whether the Whitehall was investigating alleged discrepancies in his application. Angel was in the spotlight following the airing of four-part documentary by Al Jazeera which looked at what it called the “gold mafia” which was said to be smuggling millions worth of gold
- [List of what Simba Chikore and Bona Mugabe own](https://insiderzim.com/list-of-what-simba-chikore-and-bona-mugabe-own/) - Simba Chikore and Bona Mugabe, President Robert Mugabe’s first child with Grace, acquired vast properties during their nine-year marriage according to a list released by Chikore in their divorce proceedings. Bona filed for divorce from Chikore in March. Here is the list released by Chikore: Residential properties: Stand 287 Helensvale of 3,497ha valued at US$314
- [Dairibord US dollar milk sales jump from 39% to 68%](https://insiderzim.com/dairibord-us-dollar-milk-sales-jump-from-39-to-68/) - This time last year, 39% of sales at Dairibord were in US dollars. Now, according to the country’s biggest dairy processor, USD sales were up 68% in the first quarter, and now make up 58% of revenue. Zimbabweans are increasingly using the US dollar, ditching the Zimbabwe dollar which has been eroded yet again by
- [Zimbabwe black market goes haywire](https://insiderzim.com/zimbabwe-black-market-goes-haywire/) - The Zimbabwe dollar today shed nearly $50 to average $1 070.4171 to the United States dollar but the black market has gone haywire with the swipe rate at $2 300, more than twice the official rate. It is not clear what is driving the black market but the central bank at one time said it
- [Is the gold digital token part of Zimbabwe’s de-dollarisation strategy?](https://insiderzim.com/is-the-gold-digital-token-part-of-zimbabwes-de-dollarisation-strategy/) - Zimbabwe’s de-dollarisation strategy has taken a new turn, as the Reserve Bank of Zimbabwe (RBZ) announced the launch of gold-backed digital tokens on 8 May. This move aims to provide a stable means of payment and a store of value for Zimbabweans. The implementation will take place in two phases, with the first focused on
- [Westprop listing fails dismally, company raises less than US$300 000 against target of US$40 million](https://insiderzim.com/westprop-listing-fails-dismally-company-raises-less-than-us300-000-against-target-of-us40-million/) - A bid by Harare-based property company, Westprop Holdings, to list on the Victoria Falls Stock Exchange, failed dismally when the company raised less than 10% of the amount it was seeking. Westprop Holdings, whose principal directors are Kenneth Raydon Sharpe, Oleksandr Sheremet and Tatiana Aleshina, raised only US$14 050 instead of US$10 million after selling
- [Zimbabwe to introduce gold-backed digital tokens on 8 May](https://insiderzim.com/zimbabwe-to-introduce-gold-backed-digital-tokens-on-8-may/) - The Reserve Bank of Zimbabwe will introduce gold-backed digital tokens which will serve as both a store of value as well as a means of payment on 8 May. Tokens for investment purposes will have a vesting period of 180 days. They can be purchased in either United States dollars or the local currency. The
- [Why Chamisa is participating in this year's elections though he says they have already been rigged](https://insiderzim.com/why-chamisa-is-participating-in-this-years-elections-though-he-says-they-have-already-been-rigged/) - Zimbabwe's main opposition leader has insisted that his party is ready to participate in forthcoming elections, despite the rigging and repression he said was already under way to keep President Emmerson Mnangagwa in power. Chamisa, president of the Citizens Coalition for Change (CCC), the main challenger to the ruling ZANU-PF party, also said the extent
- [Zimbabwe threatens to hike interest rates to shore up local currency](https://insiderzim.com/zimbabwe-threatens-to-hike-interest-rates-to-shore-up-local-currency/) - Zimbabwe Finance Minister Mthuli Ncube says he may raise interest rates again to try and shore up a rapidly depreciating Zimbabwe dollar. The exchange rate has fallen from $705 in January to $1 021 on the official currency market, but it is even weaker on the more widely used black market, where it is around
- [Zimbabwe dollar down to $1 021.21 to the US dollar](https://insiderzim.com/zimbabwe-dollar-down-to-1-021-21-to-the-us-dollar/) - The Zimbabwe dollar today shed $21.18 to average $1 021.2072 against the United States dollar as the central bank said it would soon be introducing a gold-backed digital currency to shore up the local currency. The Zimbabwe dollar stabilised for some time after the central bank introduced gold-coins but it has started falling of late,
- [Mnangagwa says Mt Darwin proves that any community can host Independence Day celebrations- pays tribute to Joyce Mujuru](https://insiderzim.com/mnangagwa-says-mt-darwin-proves-that-any-community-can-host-independence-day-celebrations-pays-tribute-to-joyce-mujuru/) - Zimbabwe President Emmerson Mangagwa today said the hosting of the country’s 43rd Independence celebrations at Mt Darwin, which he referred to as Mt Pfura, had proved that any community could host the national event. Writing in his weekly column in the Sunday Mail, Mnangagwa said every community will therefore be given a chance to host
- [Zimbabwe not ditching its currency despite increased use of US dollar](https://insiderzim.com/zimbabwe-not-ditching-its-currency-despite-increased-use-of-us-dollar/) - Zimbabwe plans to keep its local currency as legal tender, even as the US dollar is now the unit of choice for most transactions in the economy. The extensive use of US dollars doesn’t concern authorities, who instead see it as a way to access foreign currency, according to Mthuli Ncube, the southern African nation’s
- [Zimbabwe maize production up 58% but yields still too low](https://insiderzim.com/zimbabwe-maize-production-up-58-but-yields-still-too-low/) - Every year, the Zimbabwe government releases its crop assessment survey, which lays out the estimated productivity of the farming season. On Wednesday, the Ministry of Agriculture released its report for the 2022-2023 season. The major highlight in the report is an estimate that maize production will rise by 58% from last year. But what else
- [Jonathan Moyo says bumper harvests in election years have favoured ZANU-PF since 1980](https://insiderzim.com/jonathan-moyo-says-bumper-harvests-in-election-years-have-favoured-zanu-pf-since-1980/) - Exiled politician Jonathan Moyo says bumper harvests in election years have significantly favoured the ruling Zimbabwe African National Union- Patriotic Front at the polls since 1980, especially but not only in rural areas. He was commenting on reports that the country is expecting cereal production of 2.6 million tonnes this year against a national requirement
- [Is ZANU-PF vilifying CCC while hiding its own relations with the US?](https://insiderzim.com/is-zanu-pf-vilifying-ccc-while-hiding-its-own-relations-with-the-us/) - The Zimbabwe African National Union–Patriotic Front (ZANU-PF), which has governed Zimbabwe since independence in 1980, is well known for denouncing the United States’ role as a superpower that polices the world. In a 2007 address at the United Nations, then Zimbabwean President Robert Mugabe assailed his American counterpart, George W. Bush. Mugabe charged: “his hands
- [British peer says Mnangagwa should not have been invited to King Charles’s coronation because of his poor human rights record](https://insiderzim.com/british-peer-says-mnangagwa-should-not-have-been-invited-to-king-charless-coronation-because-of-his-poor-human-rights-record/) - A British Lord Peter Grant has queried by Zimbabwe President Emmerson Mnangagwa was invited to the coronation of King Charles on 6 May despite his poor human rights record. He said Zimbabwe should also not be allowed back into the Commonwealth until it starts to treat British citizens and its own people like human beings.
- [Zimbabwe expects a 58% increase in maize harvests](https://insiderzim.com/zimbabwe-expects-a-58-increase-in-maize-harvests/) - Zimbabwe’s maize harvest will be 2 298 281 metric tonnes this year, a 58% increase from the 2021-2022 season, which was hit by poor rainfall. This year’s harvest is lower than the 2 717 171 tonnes produced in the 2020/2021 season, which was the highest in years. “Gross Domestic Product is now expected to increase
- [Mnangagwa warns rogue NGOs but silent on signing of PVO bill](https://insiderzim.com/mnangagwa-warns-rogue-ngos-but-silent-on-signing-of-pvo-bill/) - Zimbabwe President Emmerson Mnangagwa yesterday warned Zimbabweans against rogue non-governmental organisations as well as local and foreign voices sowing seeds of division and disharmony as the country heads for elections in August. He was, however, silent on when he will sign the Private Voluntary Organisations bill which will allow the government to monitor such rough
- [Zimbabwe dollar officially breaches $1 000 to the US dollar](https://insiderzim.com/zimbabwe-dollar-officially-breaches-1-000-to-the-us-dollar/) - The Zimbabwe dollar today officially breached the $1 000 mark to clock $1 000.0227 to the United States dollar. A total of US$18.9 million was allotted to 290 small businesses and 292 to large firms with offers ranging from $978 to $1 125. Rates at Zimpricecheck ranged from $1 200 to $1 800. President Emmerson
- [Power restored at CSC-Boustead Beef after more than 7 weeks](https://insiderzim.com/power-restored-at-csc-boustead-beef-after-more-than-7-weeks/) - Power was restored at CSC-Boustead Beef after the company had gone for more than seven weeks without electricity over the failure to pay an electricity bill of about US$20 000 clearly indicating that the investor has no capacity to revive the meat processor which was one of the biggest on the continent. Power was cut
- [Masiyiwa’s net worth drops by US$100 million in 10 days](https://insiderzim.com/masiyiwas-net-worth-drops-by-us100-million-in-10-days/) - Zimbabwe’s richest man Strive Masiyiwa has experienced a significant reduction in his fortune over the past 10 days, following a recent pullback in the shares of his publicly traded companies on the Zimbabwe Stock Exchange (ZSE). The decline amounts to a staggering US$100 million wealth loss in 10 days, with Masiyiwa’s net worth dropping from
- [Key question every Zimbabwean community must ask itself](https://insiderzim.com/key-question-every-zimbabwean-community-must-ask-itself/) - The key question every Zimbabwean community must ask itself is, what can we do within our means and circumstances to create or add value to our communities and to our nation? This was said by President Emmerson Mnangagwa today in his weekly article in the Sunday Mail. The other question is: What support do we
- [Zimbabwe to hold high-level debt resolution forum next month](https://insiderzim.com/zimbabwe-to-hold-high-level-debt-resolution-forum-next-month/) - Zimbabwe will hold talks with the US, UK and the European Union to end an impasse over US$14 billion owed to external creditors as it seeks to shore up funding for development programmes. The economy has been locked out of international capital markets since defaulting on payments to the World Bank and other multilateral lenders
- [IMF predicts slower growth for Zimbabwe](https://insiderzim.com/imf-predicts-slower-growth-for-zimbabwe/) - Zimbabwe’s economy will grow by only 2.5% this year, slower than what government expects, according to a new International Monetary Fund (IMF) forecast. In the latest World Economic Outlook published on Tuesday, the IMF released its weakest global growth expectations for the medium term in more than 30 years, trimming global growth forecasts and raising
- [Zimbabwe dollar down to $959.31 but black market rate goes haywire](https://insiderzim.com/zimbabwe-dollar-down-to-959-31-but-black-market-rate-goes-haywire/) - The Zimbabwe dollar today shed $14.60 to average $959.3111 to the United States dollar but the gap with the black market rate widened with the swipe rate at $1 800 while the cash rate was $1 200. Central bank governor John Mangudya said the gap between the auction rate and the black market rate had
- [Meikles John Moxon’s stake yields US$18.4 million in 14 weeks](https://insiderzim.com/meikles-john-moxons-stake-yields-us18-4-million-in-14-weeks/) - Zimbabwean tycoon John Moxon is among several investors who have profited significantly from the prevailing bullish sentiment on the Zimbabwe Stock Exchange, as they continue to take up positions in publicly listed companies. According to data tracked by Billionaires.Africa, Moxon, who is one of the wealthiest investors on the local bourse, has witnessed an impressive
- [Masiyiwa net worth up US$800 million this year- now among 20 richest black men in the world](https://insiderzim.com/masiyiwa-net-worth-up-us800-million-this-year-now-among-20-richest-black-men-in-the-world/) - Following a US$1.5-billion wealth loss in 2022, Zimbabwe’s richest man Strive Masiyiwa has seen a strong rebound in his net worth since the beginning of 2023, owing to a surge in the shares of his publicly traded companies on the Zimbabwe Stock Exchange (ZSE). According to Forbes, Masiyiwa, the second-richest Black individual in Southern Africa
- [Zimbabwe Electoral Commission says releasing electronic voters’ roll may violate cyber law](https://insiderzim.com/zimbabwe-electoral-commission-says-releasing-electronic-voters-roll-may-violate-cyber-law/) - Releasing the voters’ roll in electronic format may violate cyber laws, the Zimbabwe Electoral Commission (ZEC) chairperson Priscilla Chigumba has told Parliament. An opposition MP has appealed to the Supreme Court to compel the commission to release the voters’ roll. The call for the release of the voters’ roll has the backing of key local
- [Natfoods says local wheat helped ease bread price hikes](https://insiderzim.com/natfoods-says-local-wheat-helped-ease-bread-price-hikes/) - National Foods, the country’s biggest food producer, says Zimbabwe’s record 2022 wheat harvest is helping to soften the impact that high global prices of the grain have had on the price of bread. Natfoods, a division of Innscor Africa, was the biggest private investor into wheat growing last season, and the company says it will
- [Zimbabwe government minister says those who impregnate 10-year-olds should be castrated](https://insiderzim.com/zimbabwe-government-minister-says-those-who-impregnate-10-year-olds-should-be-castrated/) - A government minister today said that those who impregnate 10-year-old girls should be castrated if they need to be. Responding to a question in Parliament on what strategy the government had to curb child pregnancies since statistics showed that 700 girls aged 10 to 14 gave birth last year, Information Minister Monica Mutsvangwa who was
- [Mliswa says Zimbabwe should not ban NGOs while promoting those that prop ZANU-PF](https://insiderzim.com/mliswa-says-zimbabwe-should-not-ban-ngos-while-promoting-those-that-prop-zanu-pf/) - Independent legislator Temba Mliswa says the government should not ban non-governmental organisations involved in elections while at the same time it is promoting those that prop the Zimbabwe African National Union-Patriotic Front. He raised the issue as a point of national interest in Parliament yesterday and cited two organisations (FAZ) which stands for Forever Associate
- [Zimbabwe says its tight monetary policy is paying off](https://insiderzim.com/zimbabwe-says-its-tight-monetary-policy-is-paying-off/) - The Reserve Bank of Zimbabwe is upbeat about its tight monetary policy and says it is paying off allowing the bank to reduce interest rates for the second time this year with inflation dropping from 101.5% in January to 87.6% last month. The key Interest rate was pegged at 200% at the beginning of the
- [Zimbabwe dollar drops $16.12 to average $944.71 to the US dollar](https://insiderzim.com/zimbabwe-dollar-drops-16-12-to-average-944-71-to-the-us-dollar/) - The Zimbabwe dollar today lost $16.12 to average $944.7133 but the local currency is failing to close the gap with the black market. Offers at today’s auction ranged from $940 to $1 050 while black market rates ranged from $1 200 to $1 600 with the black market buy rate at $1 280 and the
- [South Africa reneges on its power supply contract to Zimbabwe](https://insiderzim.com/south-africa-reneges-on-its-power-supply-contract-to-zimbabwe/) - Zimbabwe will continue to experience load shedding despite commissioning Hwange Power Station Unit 7 because the unit is not yet operating at full capacity and South Africa has reneged on its contract to supply Zimbabwe with power. Energy Minister Zhemu Soda told Parliament yesterday that South Africa was not giving Zimbabwe adequate power as per
- [Zimbabwe opposition legislator baffled by government silence on the  Al Jazeera “Gold Mafia”](https://insiderzim.com/zimbabwe-opposition-legislator-baffled-by-government-silence-on-the-al-jazeera-gold-mafia/) - Zimbabwe opposition legislator Allan Markham said he was shocked at the government silence on the alleged gold mafia exposed by Qatar-based news channel Al Jazeera last week. Al Jazeera is planning to air a four-part television documentary series on gold smuggling and money laundering in Zimbabwe using Dubai. The government has so far not commented
- [South Africa gives itself nine months to clear permit applications backlog](https://insiderzim.com/south-africa-gives-itself-nine-months-to-clear-permit-applications-backlog/) - South Africa today gave foreign nationals who have applied for permits, mostly Zimbabweans who were on special permits, nine months to clear the backlog. Zimbabwe Exemption Permits expired at the end of 2021 but were extended to the end of June this year urging those who wished to stay to obtain regular permits. In a
- [Zimbabwe secures US$193m to build 5 hospitals and 30 clinics](https://insiderzim.com/zimbabwe-secures-us193m-to-build-5-hospitals-and-30-clinics/) - Zimbabwe is to raise US$193 million in offshore lending to implement a 2019 agreement with UK infrastructure company NMS for the construction of hospitals and clinics in the country. ABSA and Standard bank of South Africa are the joint arrangers for the transaction, which will be insured by Export Credit Insurance Corporation of South Africa.
- [Zimbabwe dollar down to $928.59 to the US dollar but gap with black market widens](https://insiderzim.com/zimbabwe-dollar-down-to-928-59-to-the-us-dollar-but-gap-with-black-market-widens/) - The Zimbabwe dollar today fell by $13.41 to average $928.5887 against the United States with offers ranging from $927 to $1 020. The gap with the black market, however, widened with the swipe rate plunging to $1 600. The black market buy rate was $1 280 and the sell rate $1 440. A total of
- [China Energy proposes US$1billion floating solar farm on Kariba](https://insiderzim.com/china-energy-proposes-us1billion-floating-solar-farm-on-kariba/) - China Energy Engineering Group proposed building a 1 000-megawatt floating solar farm for Zimbabwe, a nearly US$1 billion project, on the world’s largest man-made lake. More than 1.8 million photovoltaic panels installed over 146 modular floating units would be used for the project on Lake Kariba if it went ahead, according to an official report
- [Zimbabwe gives in to raw lithium stockpilers, gives them 6 months to sell stocks](https://insiderzim.com/zimbabwe-gives-in-to-raw-lithium-stockpilers-gives-them-6-months-to-sell-stocks/) - The government will give miners that had stockpiled lithium ore before last year’s export ban six months to sell it, according to draft regulations. Zimbabwe last year banned the export of unprocessed lithium to force local refining, ending a rush by small-scale miners to mine lithium ore and sell it to foreign buyers. But Henrietta
- [Has Mnangagwa chickened out on the PVO Bill?](https://insiderzim.com/has-mnangagwa-chickened-out-on-the-pvo-bill/) - It is now over a month since President Emmerson Mnangagwa said he was going to sign the Private Voluntary Organisations Bill despite protests from civil society and some United Nations experts. “Foreigners must keep out, as we realise and fulfil our sovereignty through the laws we make for ourselves,” he wrote in the Sunday Mail
- [Masiyiwa’s Liquid acquires Cairo-based cybersecurity provider](https://insiderzim.com/masiyiwas-liquid-acquires-cairo-based-cybersecurity-provider/) - Liquid Intelligent Technologies, a technology company owned by Zimbabwean billionaire Strive Masiyiwa, has acquired the Cairo-based cloud and cybersecurity provider, Cysiv MEA, to bolster its presence in the Middle East. Cysiv MEA has been servicing some of Egypt’s largest companies in the financial services and telecom sectors since its founding in 2008, and this acquisition
- [Biti says mining companies are looting Zimbabwe- country losing more than US$2 billion a year](https://insiderzim.com/biti-says-mining-companies-are-looting-zimbabwe-country-losing-more-than-us2-billion-a-year/) - Opposition legislator and former Minister of Finance Tendai Biti yesterday said Zimbabwe was losing more than US$2 billion a year through illicit financial flows and mining companies such as Zimplats and Unki were the major culprits. He told Parliament that Zimbabwe was losing more than $1 billion through gold smuggling, US$1 billion through tobacco smuggling
- [What does synchronisation of Hwange Power Station Unit 7 mean?](https://insiderzim.com/what-does-synchronisation-of-hwange-power-station-unit-7-mean/) - Hwange’s new Unit 7 power station started a key phase yesterday after engineers began linking it to the national grid, a major step towards completion. As the numbers on the monitors ticked over, engineers cheered as they reached a milestone that has been severely delayed by COVID-19 as well as payment and supply delays over
- [Is the Zimbabwe dollar finally finding its level?](https://insiderzim.com/is-the-zimbabwe-dollar-finally-finding-its-level/) - The Zimbabwe dollar today shed only $2.61 cents to average $915.1822 against the United States dollar which could be an indication that the local currency is finally finding its level. Last week it dropped by $4.66. The dollar kicked off at $705.42 when the auction re-opened on 10 January this year. It had dropped to
- [Are Zimbabweans the fourth unhappiest people in the world?](https://insiderzim.com/are-zimbabweans-the-fourth-unhappiest-people-in-the-world/) - Zimbabweans are the fourth unhappiest people in the world according to the World Happiness Report 2023 which was released yesterday to mark World Happiness Day. Zimbabwe was ranked 134 out of the 137 countries surveyed and was only better than Sierra Leone, Lebanon and Afghanistan. According to the report the measurement of subjective well-being relies
- [Mnangagwa says US is trying to use legislation to monitor natural resources in Africa](https://insiderzim.com/mnangagwa-says-us-is-trying-to-use-legislation-to-monitor-natural-resources-in-africa/) - Zimbabwe President Emmerson Mnangagwa says the United States is trying to use legislation to intrude into Africa’s affairs including monitoring Africa’s natural resources and extractive industries. The United States has been losing its grip on Africa to China and Russia and has passed a law called Countering Malign Russian Activities in Africa Act which Mnangagwa
- [Directors of South African foundation that predicted Chamisa will win this year’s elections write “a playbook to unseat liberation movements”](https://insiderzim.com/directors-of-south-african-foundation-that-predicted-chamisa-will-win-this-years-elections-write-a-playbook-to-unseat-liberation-movements/) - As the tide of failure rises ever higher and the liberated masses realise they have been sucking on a lemon, the question then becomes: How do you throw the bums out, or at least make politics competitive enough to incentivise them to change their ways? There has been much head-scratching over the failure of President
- [Nelson Chamisa’s plan to rebuild Zimbabwe in his own words](https://insiderzim.com/nelson-chamisas-plan-to-rebuild-zimbabwe-in-his-own-words/) - In a few months, Zimbabweans head to the polls to decide on their future. There have been many elections before, all of which have not brought the change we desire. So, I understand why, for many of our people, voting may seem like a futile exercise. However, history tells us that nothing lasts forever. We
- [945 companies allotted US$76.6 million in February- Here they are](https://insiderzim.com/945-companies-allotted-us76-6-million-in-february-here-they-are/) - A total of 945 businesses, including 555 small and medium enterprises were allotted a total of US$76.6 million through the foreign currency auction in February with the bulk of the money, US$68.6 million, going to 390 large firms. The country, however, paid out a total of US$595.4 million last month with US$501.5 million coming from
- [Mwonzora application to invalidate Delimitation Report raises a stink](https://insiderzim.com/mwonzora-application-to-invalidate-delimitation-report-raises-a-stink/) - Movement for Democratic Change leader Douglas Mwonzora has filed an urgent application calling on the Constitutional Court to invalidate the Delimitation Report which will be used in this year’s harmonised elections. He is seeking an order to compel the Zimbabwe Electoral Commission to re-do the Delimitation exercise so that it complies with the law. The
- [US ride-hailing service inDrive launches in Zimbabwe](https://insiderzim.com/us-ride-hailing-service-indrive-launches-in-zimbabwe/) - United States ride-hailing service inDrive has announced its expansion into Zimbabwe where it will compete with local services such as Vaya and Hwindi. Zimbabwe is the eighth country in Africa for inDrive and one of over 700 locations worldwide for the company. “The launch of inDrive in Harare is set to provide a much-needed boost
- [Zimbabwe dollar sheds only $4.66 to end at $912.58 to the US dollar](https://insiderzim.com/zimbabwe-dollar-sheds-only-4-66-to-end-at-912-58-to-the-us-dollar/) - The Zimbabwe dollar today shed only $4.66 to average $912.5828 against the United States dollar,one of the lowest drops so far this year. The black market rate, however, shifted a little with the cash rate at Zimpricecheck now at $1 200 and the swipe rate at $1 400. Zimpricecheck put the black market buy rate
- [Is the national registration blitz just a publicity stunt?](https://insiderzim.com/is-the-national-registration-blitz-just-a-publicity-stunt/) - Zimbabwe has launched a 10-day registration blitz to enable those intending to register as voters to obtain critical documents like birth certificates and national identity cards but some who took advantage of a similar exercise last year are asking whether this is not just a publicity stunt. They have not obtained the documents they
- [What does this really mean about Chamisa?](https://insiderzim.com/what-does-this-really-mean-about-chamisa/) - Citizens Coalition for Change leader Nelson Chamisa’s modus operandi as the country heads for elections most likely in August has left a lot of people perplexed. Bulawayo24News quotes unnamed CCC senior officials as saying that Chamisa is going to the elections with a structureless party because he wants to fulfil his ambition of being “more
- [5 South African billionaires who could lose millions of dollars as rand depreciates against US dollar](https://insiderzim.com/5-south-african-billionaires-who-could-lose-millions-of-dollars-as-rand-depreciates-against-us-dollar/) - The South African rand experienced a significant drop to a 2023 low of 18.636 local currency units per dollar on 7 March, just weeks after reaching its strongest exchange rate versus the US dollar. The depreciation of the rand has resulted in downward pressures on asset values and company valuations, which could potentially threaten the
- [4 reasons why Zimbabwe is holding its 43rd independence celebration in Mt Darwin](https://insiderzim.com/4-reasons-why-zimbabwe-is-holding-its-43rd-independence-celebration-in-mt-darwin/) - President Emmerson Mnangagwa has given four reasons why Zimbabwe is holding its 43rd independence anniversary in Mt Darwin, in Mashonaland Central, once again away from the capital Harare which has hosted most of the celebrations. Writing in his weekly column in the Sunday Mail, Mnangagwa, said Zimbabwe is holding its celebrations in Mr Darwin because:
- [Kuvimba Mining House ownership, assets, reports raise a sting in Parliament](https://insiderzim.com/kuvimba-mining-house-ownership-assets-reports-raise-a-sting-in-parliament/) - The government-owned Kuvimba Mining House which has been a subject of speculation since its formation with some reports saying it is owned by controversial businessman Kuda Tagwirei came under the spotlight last week when Harare North legislator Norman Markham demanded to know who owns it, what it owns and how it got what it owns.
- [Newsday publisher Trevor Ncube gets a bashing after saying Chamisa is a dictator - Zimbabwe needs a principled opposition](https://insiderzim.com/newsday-publisher-trevor-ncube-gets-a-bashing-after-saying-chamisa-is-a-dictator-zimbabwe-needs-a-principled-opposition/) - Zimbabwe businessman Trevor Ncube has received a lot of bashing after posting a twitter thread in which he accused Citizens Coalition Change leader Nelson Chamisa of having dictatorial tendencies which he said is not good for Zimbabwe as the country needs a principled opposition. Ncube is the chairman of Alpha Media which publishes Newsday, the
- [Jonathan Moyo tells Chamisa a leader is not a father to his colleagues](https://insiderzim.com/jonathan-moyo-tells-chamisa-a-leader-is-not-a-father-to-his-colleagues/) - Exiled Zimbabwean politician Jonathan Moyo, who supported Citizens Coalition for Change leader Nelson Chamisa during his 2018 presidential campaign as leader of the Movement for Democratic Change Alliance, today told Chamisa that a leader is not a father to his colleagues. He was commenting on remarks by Chamisa at a press conference yesterday that he
- [UK’s Marula Mining enters Zimbabwe](https://insiderzim.com/uks-marula-mining-enters-zimbabwe/) - Marula Mining, a UK mining company focused on Africa, is entering the Zimbabwean market after identifying opportunities in copper and lithium. The company has established a Zimbabwean arm, Muchai Mining, which will lead Marula’s plans to secure near-term and advanced lithium and copper opportunities in Zimbabwe, which is looking to attract investment in battery metals.
- [Only 500 out of 23 000 Zimbabwe farmers have been issued 99-year leases](https://insiderzim.com/only-500-out-of-23-000-zimbabwe-farmers-have-been-issued-99-year-leases/) - Only 500 out of 23 000 A2 farmers have been issued 99-year leases because the process was very cumbersome and it has now been changed, Lands and Agriculture Minister Anxious Masuka told Parliament yesterday. He said that initially, a farmer had to get an A2 offer letter. After five years on the property and of
- [South Africa supplying Zimbabwe 170 MW of power despite challenges to ESKOM](https://insiderzim.com/south-africa-supplying-zimbabwe-170-mw-of-power-despite-challenges-to-eskom/) - South Africa is supplying Zimbabwe with 170 megawatts of power because of its contractual obligations despite the power situation in that country, Zimbabwe Energy Minister Zhemu Soda told Parliament today. He was responding to a question from former Energy Minister Fortune Chasi who wanted to know how much power Zimbabwe was getting from South Africa
- [Chamisa calls on Mnangagwa and ZEC to release voters’ roll but follower threatens to sue ZEC if it does](https://insiderzim.com/chamisa-calls-on-mnangagwa-and-zec-to-release-voters-roll-but-follower-threatens-to-sue-zec-if-it-does/) - Citizens Coalition for Change leader Nelson Chamisa today called on President Emmerson Mnangagwa and the Zimbabwe Electoral Commission to release the voters’ roll saying disputed elections are bad for the country. One of his twitter followers, however, said she would sue ZEC if it releases her personal details because Chamisa is likely to splash them
- [Zimbabwe no longer has the highest inflation in the world. Which country has?](https://insiderzim.com/zimbabwe-no-longer-has-the-highest-inflation-in-the-world-which-country-has/) - Zimbabwe no longer has the highest inflation in the world but now stands at number 5. United States economist Steve Hanke, however, says as of 23 February, it still had the highest. United States publication, Insider Monkey put Zimbabwe’s inflation at 92.3%, the official rate following Zimbabwe’s decision to use a weighted rate beginning February,
- [Deputy Finance Minister explains why Zimbabwe is justified to get a loan for US$15 million](https://insiderzim.com/deputy-finance-minister-explains-why-zimbabwe-is-justified-to-get-a-loan-for-us15-million/) - Zimbabwe’s Deputy Finance Minister Clemence Chiduwa yesterday explained why the country was justified to seek a loan for US$15 million. He said this was largely because the country was under sanctions and the US$15 million was part of a co-financing which when added up came to US$67 million. Parliament therefore had to ratify the loan
- [Biti says it is an embarrassment for a country like Zimbabwe to sign a loan for US$15 million- this is petty cash for a company like Econet or Delta](https://insiderzim.com/biti-says-it-is-an-embarrassment-for-a-country-like-zimbabwe-to-sign-a-loan-for-us15-million-this-is-petty-cash-for-a-company-like-econet-or-delta/) - Opposotion legislator Tendai Biti today said it was an embarrassment for a country like Zimbabwe to sign aloan for US$15 million because this was petty cash for companies like Econet, Delta, la Farge or Old Mutual. Biti was speaking during a motion to ratify a loan between Zimbabwe and the OPEC fund. The US$15 million
- [Zimbabwe dollar now officially at $907.92 to the US dollar](https://insiderzim.com/zimbabwe-dollar-now-officially-at-907-92-to-the-us-dollar/) - The Zimbabwe dollar today shed $15.29 to average $907.9236 to the United States dollar closing the gap with the black market which remained stagnant at $1 000 to $1 300. Offers at today’s auction almost hit the black market rate ranging from $900 to $996. A total of 380 businesses, half from the small and
- [Zimbabwe central bank threatens to sue Al Jazeera for peddling fake news about its alleged role in the African gold mafia](https://insiderzim.com/zimbabwe-central-bank-threatens-to-sue-al-jazeera-for-peddling-fake-news-about-its-alleged-role-in-the-african-gold-mafia/) - The Reserve Bank of Zimbabwe has threatened to sue the Doha-based news channel Al Jazeera for publishing what it termed fake news about the bank in its proposed investigative documentary series about an alleged African gold mafia involved in illicit gold dealings, corruption and money laundering. The four-part series was supposed to start screening on
- [OK told to buy 85% produce from local farmers as condition to takeover Food Lovers](https://insiderzim.com/ok-told-to-buy-85-produce-from-local-farmers-as-condition-to-takeover-food-lovers/) - OK Zimbabwe must buy 85% of its produce from local farmers under conditions set by the competition regulator for its takeover of three franchises of fruit and vegetable retailer Food Lovers Market. The company, one of the country’s big two retailers, announced a deal in December to run three Food Lovers outlets; Bulawayo, Avondale and
- [9 things Zimbabwe has to do to sustain its construction boom- Mnangagwa](https://insiderzim.com/9-things-zimbabwe-has-to-do-to-sustain-its-construction-boom-mnangagwa/) - President Emmerson Mnangagwa says Zimbabwe is on the cusp of a construction boom that has seen the country building roads, dams, houses and clinics but it now needs at least nine interventions to sustain the boom which is critical for boosting the country gross domestic product as it vies to attain upper middle income status
- [Zimbabwe Mines amendment bill to curb leakages but powers given to President must be struck off](https://insiderzim.com/zimbabwe-mines-amendment-bill-to-curb-leakages-but-powers-given-to-president-must-be-struck-off/) - As Parliament gathers public input for the Mines and Minerals Amendment Bill (MMAB), it is vital to sift through the Bill to assess if it primes Zimbabweans for an equitable benefit arrangement. Generally, public interest in the governance of minerals is compounded by the fact the resources are finite natural public assets. And the extraction
- [Masiyiwa teams up with Bill Gates to bring internet to underserved African communities](https://insiderzim.com/masiyiwa-teams-up-with-bill-gates-to-bring-internet-to-underserved-african-communities/) - Microsoft, the multinational technology company founded by Bill Gates, has joined forces with Liquid Intelligent Technologies, a technology company owned by Zimbabwean billionaire Strive Masiyiwa, to provide internet access to 20 million underserved people in Africa by 2025. The partnership will leverage Microsoft’s Airband initiative to target regions such as the Democratic Republic of the
- [Zimbabwe shifts to ‘blended’ inflation -Business says not a good idea](https://insiderzim.com/zimbabwe-shifts-to-blended-inflation-business-says-not-a-good-idea/) - Zimbabwe will now measure inflation using a weighted average of goods and services priced in Zimdollars and US dollars, according to a Ministry of Finance statutory instrument gazetted today, a reaction to the growing dominance of the USD in the economy. To measure inflation, national stats agency Zimstat uses the average prices of a basket
- [Biti says if you wake up Mbuya Nehanda today she would think it is still her era because nothing has changed](https://insiderzim.com/biti-says-if-you-wake-up-mbuya-nehanda-today-she-would-think-it-is-still-her-era-because-nothing-has-changed/) - Opposition legislator Tendai Biti yesterday said if Mbuya Nehanda were to wake up today she would think Zimbabwe was still in her era because nothing had changed. Contributing to the debate on the need for Zimbabwe to manufacture its own transformers, Biti said Zimbabwe was endowed with natural resources but these were being wasted. Zimbabweans
- [Zimbabwe inflation down to 92.3%, MOM negative](https://insiderzim.com/zimbabwe-inflation-down-to-92-3-mom-negative/) - With 75% of the transactions in the country now in United States dollars, Zimbabwe is now using a weighted average based on the use of the local currency and the US dollar to calculate inflation. Annual inflation for February was therefore down to 92.3% down from 101.5% in January but month-on-month inflation was negative at
- [Why Britain is punishing Zimbabwe- British Lord](https://insiderzim.com/why-britain-is-punishing-zimbabwe-british-lord/) - Zimbabwe is being crucified by the right wing in Britain because it did not follow the traditional route that former British colonies followed when they attained independence, a British peer, Lord Whitty, said yesterday. Speaking in the House of Lords yesterday during a debate on the amendment of the Retained EU law, Lord Whitty said:
- [US senator has already written off Zimbabwe elections](https://insiderzim.com/us-senator-has-already-written-off-zimbabwe-elections/) - A United States senator who is a member of the Foreign Relations Committee has already written off Zimbabwe’s pending elections saying he sees “the Zimbabwean regime taking the country down a dark and familiar path of electoral violence, repression, and impunity”. Senator James Risch said this in his remarks on the nomination of Pamela Tremont
- [Zimbabwe Energy Minister shifts commissioning of Hwange Unit 8 to June but assures nation will have enough power when Unit 7 is commissioned in two weeks](https://insiderzim.com/zimbabwe-energy-minister-shifts-commissioning-of-hwange-unit-8-to-june-but-assures-nation-will-have-enough-power-when-unit-7-is-commissioned-in-two-weeks/) - Zimbabwe Energy and Power Development Minister Zhemu Soda yesterday told the Senate that Zimbabwe will have enough power once Hwange’s Unit 7 is commissioned on 16 March but he shifted the commissioning of Unit 8 to June. Soda told Parliament on Wednesday that Unit 8 will be commissioned a month after Unit 7. Responding to
- [Zimbabwe Environment Minister says there is overfishing in the Kariba, but they are working on reducing it](https://insiderzim.com/zimbabwe-environment-minister-says-there-is-overfishing-in-the-kariba-but-they-are-working-on-reducing-it/) - Zimbabwe’s Environment and Tourism Minister Nqobizitha Ndlovu told Parliament yesterday that there was overfishing in the Kariba but this was difficult to control because the dam was shared by two countries which had two different management systems. He said that the two countries were, however, working on reducing this. They had 500 fishing permits with
- [US extends sanctions on Zimbabwe by another year](https://insiderzim.com/us-extends-sanctions-on-zimbabwe-by-another-year/) - The United States yesterday extended its sanctions on Zimbabwe by another year with effect from 6 March, a day after the European Union also extended its. While European Union sanctions are an arms embargo on Zimbabwe and an asset freeze of military company Zimbabwe Defence Industries, US sanctions are more comprehensive and cover more than
- [Something fishy about Zimbabwe’s proposed US$1.75 billion Lithium mining deal](https://insiderzim.com/something-fishy-about-zimbabwes-proposed-us1-75-billion-lithium-mining-deal/) - China National Resources (CHRM), an exploration company listed on the NASDAQ stock exchange, has announced that it could pay up to US$1.75 billion for a lithium operation in Zimbabwe. In a statement, the company announced that it will buy Williams Minerals, which holds lithium claims in Zimbabwe, potentially joining a queue of global companies buying
- [Hwange unit 7 to come on stream on 16 March, three other units down, producing only 77 MW instead of 440](https://insiderzim.com/hwange-unit-7-to-come-on-stream-on-16-march-three-other-units-down-producing-only-77-mw-instead-of-440/) - Hwange Power Station’s Unit 7, which is expected to produce 300 megawatts, will come on stream on 16 March, Energy Minister Zhemu Soda told Parliament today. The country is, however, facing a serious power shortage after three units at the power station broke down due to old age. Soda said the power station was producing
- [European Union extends sanctions on Zimbabwe by a year](https://insiderzim.com/european-union-extends-sanctions-on-zimbabwe-by-a-year/) - The European Union yesterday extended its sanctions on Zimbabwe by a year saying that it will continue to closely follow developments in the country with a particular attention to the human rights situation. EU sanctions on Zimbabwe are an arms embargo and assets freeze against the Zimbabwe Defence Industries. The last of the sanctions against
- [Chinotimba says MPs are sleeping in cars because hotels are demanding cash upfront](https://insiderzim.com/chinotimba-says-mps-are-sleeping-in-cars-because-hotels-are-demanding-cash-upfront/) - Buhera South legislator Joseph Chinotimba yesterday complained that some Members of Parliament were on Monday forced to sleep in their cars because they could not find accommodation as some hotels were demanding cash upfront. He said one woman legislator was saved by her male colleague who offered her his accommodation when she failed to find
- [Nigerian Billionaire Aliko Dankote’s US$640 million dividend higher than yearly government spending of  5 African countries](https://insiderzim.com/nigerian-billionaire-aliko-dankotes-us640-million-dividend-higher-than-yearly-government-spending-of-5-african-countries/) - Dangote Cement, the leading cement producer in Africa, boasts a total production capacity of 51.55 million tonnes of cement per year spread across 10 countries. Majority-owned by Aliko Dangote, the company generated a revenue of US$3.52 billion in 2022, surpassing the GDP of ten African countries. Such a robust financial performance prompted the board of
- [57 SMEs put out of business following CSC-Boustead Beef power cut](https://insiderzim.com/57-smes-put-out-of-business-following-csc-boustead-beef-power-cut/) - More than 50 small and medium enterprises that are renting space from the old premises of the Cold Storage Company were put out of business from last week when the Zimbabwe Electricity Supply Authority cut off power at the Bulawayo abattoir following the failure by CSC-Boustead Beef to pay its power bill. The 57 SMEs
- [Zimbabwe dollar inches closer to $900 to the US dollar](https://insiderzim.com/zimbabwe-dollar-inches-closer-to-900-to-the-us-dollar/) - The Zimbabwe dollar today eased by $10.88 to average $892.6349 against the United States, slightly closing the gap with the black market rate which remained stagnant at $1 000 to $1 300. Offers at today’s auction ranged from $885 to $990. A total of US$1.6 million was allotted to 205 small and medium enterprises and
- [Thought fuel was expensive in Zimbabwe? Just take a look](https://insiderzim.com/thought-fuel-was-expensive-in-zimbabwe-just-take-a-look/) - Thought fuel in Zimbabwe was expensive? Yes, it is if you compare with Libya where it sells for less than one South African rand a litre. No, if you compare with Hong Kong where it goes for R52.64 a litre. According to Business Insider, South Africa, fuel sells for R21.38 in South Africa. The average
- [China's Sinomine almost doubles Lithium output at Zimbabwe's Bikita Minerals](https://insiderzim.com/chinas-sinomine-almost-doubles-lithium-output-at-zimbabwes-bikita-minerals/) - Bikita Minerals says it has almost doubled its petalite output since Sinomine took over the country’s oldest lithium mine in a US$180 million deal last year. The company has also signed a US$24 million deal with the Zimbabwe Energy Transmission Distribution Company (ZETDC) to build power transmission infrastructure that is critical to its expansion project
- [Masiyiwa’s ADC to set up new data centre facility in Nairobi as his net worth surges US$700 million in under two months](https://insiderzim.com/masiyiwas-adc-to-set-up-new-data-centre-facility-in-nairobi-as-his-net-worth-surges-us700-million-in-under-two-months/) - Africa Data Centers (ADC), a prominent carrier-neutral data centre provider owned by Zimbabwean billionaire Strive Masiyiwa, has initiated construction on its latest facility in Nairobi, signalling its commitment to meeting the growing demand for data centre services in the region. By focusing on Kenya as a strategic region, ADC seeks to usher the country into
- [Three major reasons why the return of Zimbabweans from South Africa is good for the country - Mnangagwa](https://insiderzim.com/three-major-reasons-why-the-return-of-zimbabweans-from-south-africa-is-good-for-the-country-mnangagwa/) - Zimbabwe President Emmerson Mnangagwa today gave three major reasons why the return of over 178 000 Zimbabweans from South Africa will be good for the country. A total of 178 412 Zimbabweans who were on exemption permits are expected to return to the country at the end of June if they fail to get alternative
- [Slap in the face for Chiwenga as CSC-Boustead Beef is shut down six months after he declared it will never collapse again](https://insiderzim.com/slap-in-the-face-for-chiwenga-as-csc-boustead-beef-is-shut-down-six-months-after-he-declared-it-will-never-collapse-again/) - The closure of the CSC-Boustead Beef Bulawayo abattoir last week for failing to pay its electricity bill was a slap in the face for Vice-President Constantino Chiwenga as he vowed that the CSC would never collapse again when he officially reopened the plant in August last year. Power was cut off on Monday after the
- [Paddy Zhanda amasses US$2.17-million fortune in less than two months](https://insiderzim.com/paddy-zhanda-amasses-us2-17-million-fortune-in-less-than-two-months/) - Zimbabwean businessman Paddy Zhanda is off to a flying start this year thanks to a significant increase in the market value of his stake in Masimba Holdings, one of the most diversified engineering and construction conglomerates in the country. In just 56 days since the start of the year, Masimba Holdings has witnessed an impressive
- [Meikles’ John Moxon gains US$6.4 million in under 60 days](https://insiderzim.com/meikles-john-moxon-gains-us6-4-million-in-under-60-days/) - Zimbabwean businessman John Moxon has seen the market value of his stake in Meikles Limited, a Harare-based conglomerate, increase by more than US$6.4 million since the start of the year, as shares in the Harare-based group surged by nearly 70% in 55 days. Moxon, a leading businessman and executive who has played a key role
- [Zimbabweans granted UK worker visas shoot up from 499 to 8 363 in three years](https://insiderzim.com/zimbabweans-granted-uk-worker-visas-shoot-up-from-499-to-8-363-in-three-years/) - The number of Zimbabweans granted work visas to work in the UK has gone up by 1 576% since 2019, showing the extent of Zimbabwe’s brain drain crisis. The number of Zimbabweans who were granted ‘Worker’ visas to the UK grew from 499 in 2019 to 8 363 in September last year, according to the
- [Zimbabwe announces new compensation deal for white farmers](https://insiderzim.com/zimbabwe-announces-new-compensation-deal-for-white-farmers/) - Zimbabwe has offered to settle a US$3.5 billion land compensation deal over 10 years, the latest change to an agreement signed in 2020 with former White farmers ejected from properties more than two decades ago. The southern African nation initially wanted to offer payment terms of 20 years but has since decided to speed up
- [CSC Boustead Beef Bulawayo shut down](https://insiderzim.com/csc-boustead-beef-bulawayo-shut-down/) - CSC-Boustead Beef, which only at the beginning of this month said it would be resuming beef exports this quarter, has been shut down after its electricity was cut off for non-payment. The company’s management could not be reached for comment but sources said power was cut off on Monday paralysing the limited operations that were
- [Are 75% of Zimbabwe teachers mad?](https://insiderzim.com/are-75-of-zimbabwe-teachers-mad/) - Mad might not be the right word. But according to Newsday, 75% of Zimbabwe’s teachers are experiencing mental health challenges. The reason. Poor pay. Newsday quotes Progressive Teachers Union of Zimbabwe president Takavafira Zhou as saying: “Due to stress-related challenges, cases of conflict in schools have escalated, with 75% of teachers suffering from stress-related challenges
- [What is Zimbabwe’s most pressing problem? The answer will surprise you](https://insiderzim.com/what-is-zimbabwes-most-pressing-problem-the-answer-will-surprise-you/) - What do you think is the most important problem that the government must address? Is it: Covid-19 Transportation Wages/incomes and salaries Health Corruption Food shortages/famine Education Water supply Unemployment Infrastructure/Roads Management of the Economy? This was the question asked by Afrobarometer in a recent survey. And the answer was very surprising. Continued next page
- [Harare most conservative when it comes to allowing pregnant girls to continue with their education](https://insiderzim.com/harare-most-conservative-when-it-comes-to-allowing-pregnant-girls-to-continue-with-their-education/) - Harare was the most conservative province when asked whether pregnant girls should be allowed to continue with their education. Only 39% of those asked in an Afrobarometer survey agreed. It was the only province where less than half those surveyed agreed with Masvingo scoring 90%, followed by Mashonaland Central with 83%. The national average was
- [Zimbabwe dollar down to $881.75 but failing to narrow gap with black market](https://insiderzim.com/zimbabwe-dollar-down-to-881-75-but-failing-to-narrow-gap-with-black-market/) - The Zimbabwe dollar today dropped by $24.91 to average $881.7513 but it is failing to close the gap with the black market which now ranges from $1 000 to $1 300. Today’s rate was slightly higher than the interbank rate which stood at $875.6112. Industry has complained that the local currency is losing its function
- [Zimbabwe industry calls for increased use of local currency - says full dollarisation not good for the country](https://insiderzim.com/zimbabwe-industry-calls-for-increased-use-of-local-currency-says-full-dollarisation-not-good-for-the-country/) - Zimbabwe’s industry has called for measures to promote use of the local currency saying while full dollarisation will completely eliminate persistent inflation challenges being faced by the country, the cost of full dollarisation tends to outweigh the benefits. The Confederation of Zimbabwe Industries said the government had given the wrong signal to the market because
- [Zimbabwe wants to become Africa’s Dubai](https://insiderzim.com/zimbabwe-wants-to-become-africas-dubai/) - Zimbabwe plans to set up an offshore financial centre in the resort city of Victoria Falls that the government hopes will emulate the likes of Dubai and the Isle of Man to attract foreign investment. “The trigger is the success of the VFEX,” Finance Minister Mthuli Ncube said in an interview, a reference to the
- [Leaked O-Level exam papers were stolen from Matebeleland South but sold from Zvishavane](https://insiderzim.com/leaked-o-level-exam-papers-were-stolen-from-matebeleland-south-but-sold-from-zvishavane/) - Last year’s Zimbabwe ordinary level examinations were stolen from Matebeleland South but they were distributed throughout the country from a pharmacy in Zvishavane, Primary and Secondary Education Minister Evelyn Ndlovu told Parliament last week. She said it was not clear whether the teachers that leaked the papers were from Zvishavane or not. Ndlovu said the
- [Zimbabwe Education Minister issues statement on leakage of 2022 O-Level Exam](https://insiderzim.com/zimbabwe-education-minister-issues-statement-on-leakage-of-2022-o-level-exam/) - Zimbabwe Primary and Secondary Education Minister Evelyn Ndlovu says last year’s O-Level examination leak was from one school, Thokozane Secondary School in Matebeleland South. Question papers in three subjects leaked from Thokozane Secondary School in Matabeleland South Province and circulated on WhatsApp and some social media platforms. The question papers were peddled by some ordinary
- [Mnangagwa explains why he will sign PVO bill, and speedily too](https://insiderzim.com/mnangagwa-explains-why-he-will-sign-pvo-bill-and-speedily-too/) - Zimbabwe President Emmerson Mnangagwa today said he will sign the Private Voluntary Organisations bill into law once it is cleaned and sent to his office and he would do so, speedily too. The bill has been passed by both houses of Parliament. Mnangagwa has been under pressure not to sign the bill including from four
- [What does this judgement mean for Zimbabweans whose US dollar accounts were liquidated in 2018?](https://insiderzim.com/what-does-this-judgement-mean-for-zimbabweans-whose-us-dollar-accounts-were-liquidated-in-2018/) - A High Court ruling on Wednesday in which Justice Joseph Mafusire ordered the Central Africa Building Society (CABS) to pay back architects, Stone/Beattie Studio Partnership, US$142 000 which was liquidated into Zimbabwe dollars raises a lot of questions as to what will happen to other US accounts that were liquidated when Zimbabwe re-introduced the local
- [Zimbabwe poised for growth but high interest rates could derail that](https://insiderzim.com/zimbabwe-poised-for-growth-but-high-interest-rates-could-derail-that/) - When Zimbabwe’s Finance Minister Mthuli Ncube presented the national budget for 2023 to Parliament in November 2022, he placed high emphasis on a raft of initiatives designed to spur strong economic growth and unleash economic transformation. These included financing of infrastructure projects, education, health, value chains and other public investments. At that time, Ncube’s budget
- [More than 600 companies allotted US$57.7 million through the auction in January. Here is the list](https://insiderzim.com/more-than-600-companies-allotted-us57-7-million-through-the-auction-in-january-here-is-the-list/) - A total of 649 enterprises were allotted US$57.7 million through the auction in January, according to figures released by the Reserve Bank of Zimbabwe on Tuesday. Zimbabwe, however, paid out US$768.4 million in January with the bulk, US$684.8 million, coming from foreign currency accounts and US$26 million from the interbank market. The auction market has
- [5 lessons Tsvangirai taught Chamisa](https://insiderzim.com/5-lessons-tsvangirai-taught-chamisa/) - Citizens Coalition for Change leader Nelson Chamisa has listed five lessons which he says former Movement for Democratic Change leader Morgan Tsvangirai taught him. In a message to mark both Tsvangirai’s death five years ago and his own rise to power, Chamisa listed the five lessons as: Never keep or carry a grudge. Don’t pursue
- [Charamba says Mnangagwa is signing PVO bill](https://insiderzim.com/charamba-says-mnangagwa-is-signing-pvo-bill/) - President Emmerson Mnangagwa will sign the Private Voluntary Organisations bill into law “in spite of the extra-mandate noises” from United Nations experts, Mnangagwa’s spokesman George Charamba says. Four UN experts -Clément Nyaletsossi Voule, Special Rapporteur on the rights to freedom of peaceful assembly and of association; Mary Lawlor, Special Rapporteur on the situation of human
- [NGOs, not governments, are the new vehicles of imperialism](https://insiderzim.com/ngos-not-governments-are-the-new-vehicles-of-imperialism/) - Zimbabwe President Emmerson Mnangagwa is reportedly under pressure not to sign the Private Voluntary Organisations Bill. But what do others say about NGOs? What is the main purpose of civil society? A space free from politics? Mediating institutions independent of the state? A rival object of loyalty and affiliation to Ideology and Party? While thinkers
- [Zimbabwe serious about utilising every brain in every corner of the country- Minister](https://insiderzim.com/zimbabwe-serious-about-utilising-every-brain-in-every-corner-of-the-country-minister/) - Zimbabwe is serious about utilising every brain in the country because it is in the national interest to do so, Higher Education Minister Amon Murwira said yesterday. As such the government was making sure that anyone could attain a PhD even if they went through a vocational training institution. Murwira was responding to a question
- [No reason to turn away BEAM pupils, government is up-to-date with fees- Minister](https://insiderzim.com/no-reason-to-turn-away-beam-pupils-government-is-up-to-date-with-fees-minister/) - Public Service, Labour and Social Welfare Minister Paul Mavima said yesterday there was no need for schools to turn away pupils who are under the government-funded Basic Education Assistance Module (BEAM) because the government had cleared all its arrears up to the third term last year. He said 1.8 million pupils were under the programme
- [Bulawayo MP not impressed by Mnangagwa’s SONA](https://insiderzim.com/bulawayo-mp-not-impressed-by-mnangagwas-sona/) - Bulawayo opposition legislator Nicola Jane Watson said she was not impressed by President Emmerson Mnangagwa’s State of the Nation Address as it did not provide any solutions especially to problems facing the second city. She said the address was full of rhetoric and no action against scourges like corruption. Contributing to the debate on the
- [Remember Morgan Tsvangirai as you celebrate Valentine’s Day- MP says](https://insiderzim.com/remember-morgan-tsvangirai-as-you-celebrate-valentines-day-mp-says/) - Movement for Democratic Change legislator Paurina Mpariwa, one of the founding members of the party, yesterday called on Zimbabweans to remember the late party leader Morgan Tsvangirai as they celebrated Valentine’s Day. She told Parliament yesterday: “As we celebrate Valentine’s Day, I would want everyone else to remember Morgan Richard Tsvangirai as somebody who had
- [Zimbabwe creditors to meet next week](https://insiderzim.com/zimbabwe-creditors-to-meet-next-week/) - Zimbabwe's creditors will meet on Thursday next week, 23 February, as the country takes steps towards clearing more than US$6 billion of arrears on its foreign debt, Finance Minister Mthuli Ncube said today. 17 countries from the Paris Club of creditor nations will attend, as well as the World Bank, African Development Bank (AfDB) and
- [Pressure piles on Mnangagwa not to sign PVO bill](https://insiderzim.com/pressure-piles-on-mnangagwa-not-to-sign-pvo-bill/) - Pressure is mounting on President Emmerson Mnangagwa not to sign the Private Voluntary Organisations bill into law. This time, United Nations experts have said Mnangagwa should not sign the bill because it is incompatible with international human rights obligations, in particular the right to freedom of association. Zimbabwe says the bill is meant to bring
- [Top 5 African billionaires add US$3.05 billion to their wealth in just 45 days](https://insiderzim.com/top-5-african-billionaires-add-us3-05-billion-to-their-wealth-in-just-45-days/) - As global markets recover from a lacklustre 2022, the world’s wealthiest billionaires have had a strong start to the new year with sustained increases in share prices, resulting in significant gains in their net worth. Similarly, the top five African billionaires have experienced a remarkable increase in their net worth, although it is still lower
- [It’s not about Chamisa but Zimbabwe’s minerals - Mnangagwa spokesman](https://insiderzim.com/its-not-about-chamisa-but-zimbabwes-minerals-mnangagwa-spokesman/) - Anglo-American, one of Southern Africa’s biggest corporations, is interested in Zimbabwe’s vast mineral wealth and not in Citizens Coalition for Change leader Nelson Chamisa, President Emmerson Mnangagwa’s spokesman George Charamba said today. Writing in his weekly column under Jamwanda, Charamba said, the Nick Oppenheimer-owned company was using Chamisa as a Trojan horse with the real
- [Five years down the line, someone still has to convince me Chamisa is not a Mnangagwa project](https://insiderzim.com/five-years-down-the-line-someone-still-has-to-convince-me-chamisa-is-not-a-mnangagwa-project/) - I have been frantically looking for a tweet by President Emmerson Mnangagwa’s spokesman George Charamba in which he insinuated that those saying that Citizens Coalition for Change Nelson Chamisa was a Mnangagwa project were hallucinating, or something to that effect. I could not find it but it is quite recent. What surprised me was why
- [Zimbabwe dollar continues its slide, now $856.84 to the US dollar](https://insiderzim.com/zimbabwe-dollar-continues-its-slide-now-856-84-to-the-us-dollar/) - The Zimbabwe dollar today shed $25 against the United States dollar to average $856.8403. A total of US$20.3 million was allotted to 235 small and medium enterprises and 202 large companies. Offers ranged from $855 to $935. The gap between the official and black market rates, however, continues to widen with black market rates ranging
- [Is Zimbabwe the most expensive country in Africa?](https://insiderzim.com/is-zimbabwe-the-most-expensive-country-in-africa/) - Zimbabwe has been rated the most expensive country in Africa according to InsiderMonkey, a United States website which says it “provides high quality evidence based articles to inform individual investors about the intricacies of investing”. It says to determine the most expensive countries in Africa, “we determined the ratio between the real GDP of each
- [Mnangagwa says Zimbabwe should re-examine how it calculates inflation and rates GDP](https://insiderzim.com/mnangagwa-says-zimbabwe-should-re-examine-how-it-calculates-inflation-and-rates-gdp/) - Zimbabwe President Emmerson Mnangagwa today said the government should re-examine how it calculates its inflation considering that 70% of the transactions in the country are now in United States dollars yet inflation is calculated using the local currency which accounts for only 30% of the transactions. Writing in his weekly column in the Sunday Mail,
- [Zimbabwe not likely to benefit from its vast mineral resources because of patronage politics](https://insiderzim.com/zimbabwe-not-likely-to-benefit-from-its-vast-mineral-resources-because-of-patronage-politics/) - Zimbabwe is not likely to benefit from its abundant mineral resources because of patronage politics, outdated legislation and regulatory gaps, a United States private think-tank, Stratfor says. The situation is not likely to improve any time soon as Zimbabwe President Emmerson Mnangagwa is likely to win the coming elections and will maintain the system. A
- [Zimbabwe to let market decide price of agricultural produce](https://insiderzim.com/zimbabwe-to-let-market-decide-price-of-agricultural-produce/) - Zimbabwe has set up an agricultural exchange market and will let the market decide the price of agricultural products, Deputy Finance Minister Clemence Chiduwa told Parliament. He said that it was not the duty of the government to buy produce like maize after supply inputs. The government had instead set up ZIMEX to let the
- [Is SABI challenging the mindsets of Zimbabweans?](https://insiderzim.com/is-sabi-challenging-the-mindsets-of-zimbabweans/) - The British company that did a survey on the coming elections in Zimbabwe and found that Citizens Coalition of Zimbabwe leader Nelson Chamisa would beat President Emmerson Mnangagwa is not independent at all but is a partner of the Brenthurst Foundation of South Africa which sponsored the survey. SABI, whose mission is to help clients
- [Zimbabwe implementing free primary education in stages because it does not have enough money](https://insiderzim.com/zimbabwe-implementing-free-primary-education-in-stages-because-it-does-not-have-enough-money/) - Zimbabwe is implementing free primary education in stages because it does not have enough money, Education Minister Evelyn Ndlovu told Parliament yesterday. She said her ministry had been allocated only US$6.3 million and this was not enough. “As the National Assembly, we approved the budget. We have sat down before the end of the year
- [A look at who is investing in Zimbabwe?](https://insiderzim.com/a-look-at-who-is-investing-in-zimbabwe/) - Despite its repeated call that “Zimbabwe is Open for Business”, Zimbabwe has failed to attract meaningful foreign direct investment. Last year, diaspora remittances were nine times the foreign investment it received. NewZWire looks at some of the actual projects being executed. Continued next page Continued next page Continued next page Continued next page Continued next
- [Jonathan Moyo calls survey that said Chamisa would win the next presidential elections a scam](https://insiderzim.com/jonathan-moyo-calls-survey-that-said-chamisa-would-win-the-next-presidential-elections-a-scam/) - Exiled Zimbabwean politician Jonathan Moyo has called a survey that said Citizens Coalition for Change leader Nelson Chamisa would win the next presidential elections a scam. The survey which was carried out by a British company, SABI Strategy Group, on behalf of South Africa’s Brenthurst Foundation said Chamisa would poll 53% of the vote against
- [PPC weighs selling Zimbabwe unit for US$200 million](https://insiderzim.com/ppc-weighs-selling-zimbabwe-unit-for-us200-million/) - PPC, South Africa’s largest cement maker, is considering selling its Zimbabwe business for about US$200 million, according to people with knowledge of the matter. The shares surged. A sale will help the company, founded in 1892, focus on its South African operations, said the people, who asked not to be identified because discussions are at
- [Zimbabwe dollar drops to $831.81, black market now at $1 300](https://insiderzim.com/zimbabwe-dollar-drops-to-831-81-black-market-now-at-1-300/) - The Zimbabwe dollar continues to fall against the United States dollar and is now officially at $831.8147 but it is failing to close the gap with the black market which is now at $1 300. Some economists have predicted that the local currency could end the year at $3 200 but officials say it will
- [Chamisa would win Zimbabwe elections if they were held tomorrow](https://insiderzim.com/chamisa-would-win-zimbabwe-elections-if-they-were-held-tomorrow/) - Citizens Coalition for Change leader Nelson Chamisa would win Zimbabwe’s presidential elections if they were held tomorrow, a South African think-tank the Brenthurst Foundation says in a survey conducted on its behalf by the British-based SABI Strategy group. The survey was conducted between 18 and 27 January this year and consisted of a 15-minute questionnaire.
- [Zimbabwe gold coins mop out $25 billion](https://insiderzim.com/zimbabwe-gold-coins-mop-out-25-billion/) - Gold coins, introduced in Zimbabwe in July 2022 as one of the measures to stabilise the local currency by easing demand on the United States dollar, had mopped out $20 billion by 13 January this year. A total of 25 188 coins had been sold with 84% being bought by corporates and only 16% by
- [Zimbabwe Independent MP says he is ZANU-PF](https://insiderzim.com/zimbabwe-independent-mp-says-he-is-zanu-pf/) - Outspoken independent legislator Temba Mliswa told Parliament last week that he is still ZANU-PF but is outside the party. He told Citizens Coalition for Change legislator Settlement Chikwinya: “May I set the record straight. I am still ZANU-PF but I am outside ZANU-PF.” Mliswa was first elected to Parliament in 2013 under a ZANU-PF ticket
- [Zimbabweans abroad sending home 9-times more money than FDI](https://insiderzim.com/zimbabweans-abroad-sending-home-9-times-more-money-than-fdi/) - Zimbabweans abroad sent home US$1.66 billion dollars in 2022, which was 16% more than they did in the previous year. According to the Reserve Bank of Zimbabwe, total international remittances amounted to US$2.80 billion. This figure includes money coming in through donor agencies. Of this amount, the Zimbabwean Diaspora sent in US$1.66 billion, up from
- [Zimbabwe is not a horse to be ridden](https://insiderzim.com/zimbabwe-is-not-a-horse-to-be-ridden/) - Zimbabwe is not a horse to be ridden but it is a sovereign State which must benefit from its natural resources. This was said by President Emmerson Mnangagwa in his weekly column in the Sunday Mail which resumed today after more than a month’s break when the President went on leave. Mnangagwa said his government
- [Zimbabwe currency volatile yet the country has US$2 billion in Nostro accounts ](https://insiderzim.com/zimbabwe-currency-volatile-yet-the-country-has-us2-billion-in-nostro-accounts/) - Zimbabwe has foreign currency bank balances of US$2 billion but the exchange rate is volatile because of people’s expectations. This was said by the Deputy Minister of Finance Clemence Chiduwa in response to a question from Senator Morgen Komichi. Komichi had asked what the government was doing to go back to the use of local
- [Zimbabwe has to deal with all forms of corruption to benefit from its resources](https://insiderzim.com/zimbabwe-has-to-deal-with-all-forms-of-corruption-to-benefit-from-its-resources/) - In his song Rat Race, Bob Marley cautions, “in the abundance of water, the fool is thirsty”. Before the turn of the millennium, gold was Zimbabwe’s lead export earner along with tobacco. Then the Platinum Group of Metals (PGMs) came into the mix in early 2000, followed by diamonds towards the end of the decade.
- [Mliswa asks why Mnangagwa is dishing out the country’s natural resources to foreigners when he says nyika inovakwa nevene vayo-updated](https://insiderzim.com/mliswa-asks-why-mnangagwa-is-dishing-out-the-countrys-natural-resources-to-foreigners-when-he-says-nyika-inovakwa-nevene-vayo/) - Outspoken independent legislator Temba Mliswa has asked why the government is dishing out resources to foreigners when President Emerson Mnangagwa’s mantra is “nyika inovakwa nevene vayo”. Mliswa said he was advocating the return of the Indigenisation Act because the country had nothing to show for so-called billion-dollar investments including tothe Manhize project which is billed
- [Does the Zimbabwe PVO Bill spell doom for NGOs?](https://insiderzim.com/does-the-zimbabwe-pvo-bill-spell-doom-for-ngos/) - The Private Voluntary Organisation (PVO) Amendment Bill, which was passed by Zimbabwe’s parliament on January 31, is seen by critics as a drive against non-governmental organisations (NGOS) championing political rights, greater transparency and accountability in governance and use of national resources. But the Zimbabwe government says the Bill — which becomes law on being signed
- [Highlights of the first 2023 Reserve Bank of Zimbabwe monetary policy statement](https://insiderzim.com/highlights-of-the-first-2023-reserve-bank-of-zimbabwe-monetary-policy-statement/) - The Reserve Bank of Zimbabwe has slashed interest rates by 50 percentage points and increased the portion of earnings that exporters can keep in foreign currency, in new monetary policy measures announced by central bank governor John Mangudya yesterday. Here are highlights from the policy measures: Interest rates Interest rates have been cut from 200%
- [CSC given to a briefcase businessman just because he is white- MP says](https://insiderzim.com/csc-given-to-a-briefcase-businessman-just-because-he-is-white-mp-says/) - Independent legislator Temba Mliswa has complained that the country’s resources are being dished out to whites without due diligence. He cited the example of the Cold Storage Company, once the country’s largest beef processor, which was given to Boustead Beef in 2019 saying it was given to Hollywood actors who had even duped the Vice
- [Chibaya raises a stink in Parliament after saying Chamisa is president of Zimbabwe](https://insiderzim.com/chibaya-raises-a-stink-in-parliament-after-saying-chamisa-is-president-of-zimbabwe/) - Zimbabwe opposition legislator Amos Chibaya yesterday raised a stink in Parliament after he interjected that Nelson Chamisa was the President of Zimbabwe. When asked to withdraw that statement he said he had said Chamisa was president of Citizens Coalition for Change Zimbabwe. His colleague Settlement Chikwinya said Chibaya had said Chamisa is president of the
- [Zimbabwe inflation eases to 229.8%](https://insiderzim.com/zimbabwe-inflation-eases-to-229-8/) - Zimbabwe’s annual inflation eased to 229.8% in January from 243.8% in December, latest Zimstat data shows, but more and more people are ditching the volatile Zimbabwe dollar for US dollars. In January, month-on-month inflation was 1.1% from 2.4% in December and November’s 1.8%. With inflation high, more and more people are using the US dollar
- [I’m here for business, not to sell you illusions like the West-Lukashenko](https://insiderzim.com/im-here-for-business-not-to-sell-you-illusions-like-the-west-lukashenko/) - With hundreds of tractors laid out before him, Belarusian President Aleksandr Lukashenko wasted no time telling the gathered crowd just why he was in Zimbabwe, his first such visit to this part of the world. “I would like to thank the United States and the entire Western world for imposing the sanctions against us. Otherwise,
- [Zimbabwe dollar officially breaches $800 to the US dollar](https://insiderzim.com/zimbabwe-dollar-officially-breaches-800-to-the-us-dollar/) - The Zimbabwe dollar today fell by $22.29 to average $801.6023 against the United States dollar, a fall of $96.19 since the auction re-opened on 10 January. A total of US$18.3 million was allotted today but bids that qualified required US$26.3 million. Some 111 bids from the small and medium businesses and 52 bids from large
- [Zhanda gains a million US dollars in a month](https://insiderzim.com/zhanda-gains-a-million-us-dollars-in-a-month/) - With a US$1.5-million market value increase in 2022, Zimbabwean businessman Paddy Zhanda is off to a flying start in 2023, boasting a million-dollar gain from his investment in Masimba Holdings in just the first few weeks of the new year. According to data tracked by Billionaires.Africa, Zhanda, known for his astute investment and business decisions,
- [Zimbabwe’s failure to fix NRZ rot could derail the country’s mining ambitions, but mining companies are coming to the rescue](https://insiderzim.com/zimbabwes-failure-to-fix-nrz-rot-could-derail-the-countrys-mining-ambitions-but-mining-companies-are-coming-to-the-rescue/) - Zimbabwe is looking to its mining industry to lead an economic recovery, but the government’s own failure to invest in the country’s rail system is pushing those ambitions offtrack. Because the government is not investing enough in rail, mining companies now have to pay the National Railways of Zimbabwe (NRZ) to fix its broken-down locomotives
- [Do you know that the most profitable company in the world is not in the US or China?](https://insiderzim.com/do-you-know-that-the-most-profitable-company-in-the-world-is-not-in-the-us-or-china/) - Do you know that the most profitable company in the world is not in the United States or in China- the world’s largest economies? It is not in Japan, Germany, the United Kingdom, Canada or France. It is not in Hong Kong or South Korea either. It is in Saudi Arabia. According to InsiderMonkey, State
- [Zimbabwean mogul loses US$4.7 million in 22 days](https://insiderzim.com/zimbabwean-mogul-loses-us4-7-million-in-22-days/) - Following gains of more than US$28 million in 2022, Zimbabwean businessman Zinona “Zed” Koudounaris has seen the market value of his stake in Harare-based Axia Corporation (Axia Corp) fall by millions of dollars since the beginning of the year. According to data tracked by Billionaires.Africa, the Zimbabwean businessman’s stake in Axia Corp has lost $1.51
- [Mnangagwa is winning the 2023 elections but they have already been discredited](https://insiderzim.com/mnangagwa-is-winning-the-2023-elections-but-they-have-already-been-discredited/) - The agenda has already been set. Zimbabwe African National Union-Patriotic Front leader Emmerson Mnamngagwa is winning the coming 2023 elections. But they have already been discredited because he is going to win through violence, corruption and rigging. Though the date for the elections has not been announced yet, two United States think tanks published reports,
- [Britain says it is giving cash to 10 000 Zimbabweans to buy food](https://insiderzim.com/britain-says-it-is-giving-cash-to-10-000-zimbabweans-to-buy-food/) - Britain is giving cash to 10 000 Zimbabweans in the southern part of the country through the World Food Programme to buy food, Minister of State in the Foreign, Commonwealth and Development Office Anne-Marie Trevelyan said yesterday. Responding to a question from Ruth Jones who wanted to know how many women and children needed food
- [Masiyiwa bounces back-gains US$700 million in 27 days](https://insiderzim.com/masiyiwa-bounces-back-gains-us700-million-in-27-days/) - After a staggering wealth decline in 2022, Zimbabwe’s richest man Strive Masiyiwa has seen a significant increase in his net worth since the start of 2023 thanks to a strong rebound in the shares of his publicly traded companies. According to Forbes, the Zimbabwean billionaire, who ranks as the second-richest Black individual in Southern Africa
- [Zimbabwe Seed Co records its biggest ever wheat and soya seed sales](https://insiderzim.com/zimbabwe-seed-co-records-its-biggest-ever-wheat-and-soya-seed-sales/) - Seed Co says record sales of wheat and soya seed helped lift volumes by 14% in the nine months to December and by 46% in the last quarter of 2022. Zimbabwe last year increased wheat hectarage to 80 885ha from 60 000 in 2021, a boon for the country’s biggest seed producer. “Volume increased by
- [7 reasons why Innscor is leaving Zimbabwe Stock Exchange for VFEX](https://insiderzim.com/7-reasons-why-innscor-is-leaving-zimbabwe-stock-exchange-for-vfex/) - Why is there a procession of large companies leaving the Zimbabwe Stock Exchange for the Victoria Falls Stock Exchange? At launch, VFEX was sold as the destination for investors seeking exposure to foreign capital. Today, VFEX is doing just that, even though it is at the expense of the older exchange. This reflects the continued
- [Complete list of largely unknown Zimbabwe NGOs that were deregistered](https://insiderzim.com/complete-list-of-largely-unknown-zimbabwe-ngos-that-were-deregistered/) - There has been an outcry following the government decision to deregister 291 private voluntary organisations because they were no longer complying with the prescribed expectations of their operations. Citizens Coalition for Change secretary general Chalton Hwende said the closure of the NGOs was evidence that the Zimbabwe African National Union-Patriotic Front government had already started
- [Zimbabwe dollar falls by $47 to $779.31 to the US dollar](https://insiderzim.com/zimbabwe-dollar-falls-by-47-to-779-31-to-the-us-dollar/) - The Zimbabwe dollar today fell by $47.31 to average $779.3101 to the United States dollar but the black market remained stagnant at between $900 to $1 100 to the United States dollar. A total of 445 bids totalling nearly US$24 million were accepted at today’s auction but only 250 bids were allotted a total of
- [Crisis caravan- NGOs are businesses dressed like Mother Teresa](https://insiderzim.com/crisis-caravan-ngos-are-businesses-dressed-like-mother-teresa/) - I have just finished reading a book entitled the Crisis Caravan by LInda Polman. Though it is 15 years old, it is really fascinating. It gives you an insight into humanitarian aid. And now I understand why non-governmental organisations and civil society in Zimbabwe are against the Private Voluntary Organisations bill. NGOs, as Polman says,
- [Journalists among the least trusted people- study](https://insiderzim.com/journalists-among-the-least-trusted-people-study/) - Journalists are among the least trusted people, according to the annual trust barometer by international public relations firm Edelman. The 2023 Edelman Trust Barometer says only government leaders are less trusted than journalists. One of the major reasons for this lack of trust is that journalists divide people by exploiting their differences instead of uniting
- [Zimbabwe to hold elections between 26 July and 24 August - Chigumba](https://insiderzim.com/zimbabwe-to-hold-elections-between-26-july-and-24-august-chigumba/) - Zimbabwe will hold its next elections between 26 July and 24 August, the chairman of the Zimbabwe Electoral Commision Priscilla Chigumba said today. She said this after receiving Parliament’s report on the preliminary delimitation report that was prepared by her commission from President Emmerson Mnangagwa. Parliament said the preliminary delimitation report was flawed and should
- [Zimbabwe elections already disputed before they have been held- MP says](https://insiderzim.com/zimbabwe-elections-already-disputed-before-they-have-been-held-mp-says/) - Zimbabwe’s elections are already disputed before they have even been held so there is no need to rush the delimitation exercise because no one is pointing a gun at Zimbabwe to hold elections, legislator Peter Moyo said today. In his contribution to the debate on the Zimbabwe Electoral Commission preliminary delimitation report, Moyo said everyone
- [Zimbabwe Electoral Commission must re-do delimitation exercise. It has time to do so](https://insiderzim.com/zimbabwe-electoral-commission-must-re-do-delimitation-exercise-it-has-time-to-do-so/) - The Zimbabwe Electoral Commission must re-do the delimitation exercise taking into account recommendations made by Parliament and it has time to do so so that the new constituencies can be used in this year’s elections. This was the view of several Members of Parliament when the preliminary delimitation report came for debate in the National
- [“Girl” impregnated by two Zimbabwe MPs](https://insiderzim.com/girl-impregnated-by-two-zimbabwe-mps/) - A “girl” who came to Parliament seeking assistance from legislators after being impregnated by one Member of Parliament was impregnated by another MP, independent Member of Parliament Temba Mliswa said today. Interrupting the debate on the Zimbabwe Electoral Commission preliminary delimitation report, Mliswa said male legislators must be responsible and must support their children when
- [Zimbabwe dollar down to $732 to the US dollar](https://insiderzim.com/zimbabwe-dollar-down-to-732-to-the-us-dollar/) - The Zimbabwe dollar today shed $26.59 to average $732.0036 against the United States dollar but it is still way off the black market rates which range from $900 for cash to $1 100 for swipe. One economist said the local currency will plunge to $1 500 to the greenback by June, but the same economist,
- [Delimitation report due for debate today](https://insiderzim.com/delimitation-report-due-for-debate-today/) - The Zimbabwe Electoral Commission’s preliminary delimitation report which sets new boundaries for the 210 National Assembly constituencies is due for debate today and tomorrow and should be handed over to the President on Thursday if it is to be used in this year’s elections. The report was handed over to President Emmerson Mnangagwa on 26
- [5 billionaires lost US$378 billion in 2022](https://insiderzim.com/5-billionaires-lost-us378-billion-in-2022/) - Five billionaires, including Elon Musk, who was once the world’s richest man, lost US$378 billion last year, according to Forbes magazine. Musk, whose fortune at one time reached US$272 billion, ended the year at US$147 billion–a record US$125 billion drop. Amazon’s Jeff Bezos lost US$85 billion in 2022, as shares of his e-commerce giant fell
- [US investor says deal with Boustead Beef is still on but so far there is nothing to show for it](https://insiderzim.com/us-investor-says-deal-with-boustead-beef-is-still-on-but-so-far-there-is-nothing-to-show-for-it/) - United States asset management company, Ethos Asset Management, says its deal with Boustead Beef Zimbabwe to refurbish and restart the former Cold Storage Company is still on but there is nothing so far to show for it two months after signing the agreement. Ethos issued a statement on 1 November 2022 saying it had entered
- [Caledonia’s investment in Blanket Mine pays off](https://insiderzim.com/caledonias-investment-in-blanket-mine-pays-off/) - An investment that began eight years ago lifted Caledonia Mining to its highest ever gold output in 2022, and the company expects more growth ahead after three recent acquisitions. Gold output from the company’s Blanket Mine in 2022 was 80 775 ounces, which was just above the company’s target of 80 000 ounces for the
- [CCC chief whip says MPs may be forced to debate Delimitation Report online because they do not have money for accommodation](https://insiderzim.com/ccc-chief-whip-says-mps-may-be-forced-to-debate-delimitation-report-online-because-they-do-not-have-money-for-accommodation/) - Citizens Coalition for Change chief whip Prosper Mutseyami yesterday told Parliament that legislators may be forced to debate the Zimbabwe Electoral Commission preliminary delimitation report online on Tuesday and Wednesday next week because they do not have money for accommodation. Speaking after Pupurai Togarepi, chairman of the Ad Hoc committee that was appointed to analyse
- [What Parliament Ad Hoc Committee said about delimitation report- full report](https://insiderzim.com/what-parliament-ad-hoc-committee-said-about-delimitation-report-full-report/) - The Ad Hoc Committee that was appointed by Parliament to analyse the Zimbabwe Electoral Commission preliminary report on the delimitation exercise today said while it appreciated that it is not possible for ZEC to meet the expectations of all the stakeholders in this exercise, it is Its considered view that all the issues raised in
- [Chamisa promises to deploy sharpest minds to rescue Zimbabwe](https://insiderzim.com/chamisa-promises-to-deploy-sharpest-minds-to-rescue-zimbabwe/) - Zimbabwe opposition leader Nelson Chamisa today said he is going to deploy the sharpest minds, the best technocrats and solid experts to rescue Zimbabwe but some of his critics told him to deploy them to the country’s municipalities right away as they were in shambles. Most of the major urban centres including the capital Harare
- [Who is scared of elections? Chamisa or Mnangagwa?](https://insiderzim.com/who-is-scared-of-elections-chamisa-or-mnangagwa/) - Citizens Coalition for Change leader Nelson Chamisa today said that President Emmerson Mnangagwa is so scared of elections that he will try all means “foul or ugly” to avoid them. Mnangagwa’s spokesman George Charamba said the elections are going ahead. Zimbabwe has no intention of delaying the elections because this would be unconstitutional. The exchange
- [List of 339 companies allotted US$27 million auction forex in December](https://insiderzim.com/list-of-339-companies-allotted-us27-million-auction-forex-in-december/) - A total of US$27 million was allotted to 339 companies in the two auctions that were held in December before the auction closed for almost a month until 10 January 2023. The bulk, US$24.3 million was allotted to 132 large companies. A total of US$1.1 billion was allotted through the auction from January to December.
- [Zimbabwe forex auction now accounts for only 13% of foreign payments](https://insiderzim.com/zimbabwe-forex-auction-now-accounts-for-only-13-of-foreign-payments/) - Although it played a key role in providing foreign currency to the productive sector when it was introduced in June 2020, the foreign currency auction system seems to have lost its significance as it is now providing only 13% of total foreign payments. The auction last year paid out US$1.1 billion compared to US$7.3 billion
- [Zimbabwe dollar kicks off year at $705.42 to the US dollar](https://insiderzim.com/zimbabwe-dollar-kicks-off-year-at-705-42-to-the-us-dollar/) - The Zimbabwe dollar today kicked off the year, 2023, at $705.4164 to the United States dollar, a drop of $33.9698 since the last auction on 13 December 2022. This was almost at par with today’s interbank rate which stood at $704.9228. Only 130 bids were allotted US$10.8 million with 63 bids from the major companies
- [Delimitation flawed- none of the 12 constituencies in Bulawayo qualifies](https://insiderzim.com/delimitation-flawed-none-of-the-12-constituencies-in-bulawayo-qualifies/) - The preliminary delimitation report released by the Zimbabwe Electoral Commission is deeply flawed because the ZEC erred in its calculation of the minimum and maximum number of voters for Parliamentary constituencies permissible under the constitution. As a result none of the 12 constituencies in Bulawayo qualifies to be one. Local think-tank, Veritas Zimbabwe today said
- [Zimbabwe among the 50 poorest countries in the world but you will be surprised at which countries it is better than](https://insiderzim.com/zimbabwe-among-the-50-poorest-countries-in-the-world-but-you-will-be-surprised-at-which-countries-it-is-better-than/) - Zimbabwe has been ranked number 49 among the world’s 50 poorest countries, according to InsiderMonkey. It says that, “You might think that with the resources the world boasts right now, it is simply the proper usage of such resources which is why the success or failure of each country is based on its own performance
- [Mnangagwa doing a good job but he is a lousy politician and communicator](https://insiderzim.com/mnangagwa-doing-a-good-job-but-he-is-a-lousy-politician-and-communicator/) - Zimbabwe President Emmerson Mnangagwa who came to power in November 2017 has done a good job in transforming the country’s economy in the past three-and-a-half years but the world does not know this because he is a lousy politician and a poor communicator. This was said by former Movement for Democratic Change legislator Eddie Cross,
- [Mnangagwa keeps nation guessing](https://insiderzim.com/mnangagwa-keeps-nation-guessing/) - Zimbabwe President Emmerson Mnangagwa has kept the nation on suspense after announcing that he would be looking at the successes of 2022 to celebrate how far Zimbabwe had come. Mnangagwa, who is on his annual leave until the end of this month, posted on his twitter handle on 4 January: “I will be taking a
- [Harare man grows mbanje at church stand in support of government’s command agriculture programme](https://insiderzim.com/harare-man-grows-mbanje-at-church-stand-in-support-of-governments-command-agriculture-programme/) - A Harare man who grew 700 plants of mbanje (dagga, marijuana or cannabis) at a church stand in Westlea had the audacity to tell the police that he did so in support of the government’s command agriculture programme. According to the Sunday Mail, Lawrence Mutizwa was arrested after a tip from members of the community
- [Zimbabwe bans raw base mineral ore exports- what the regulation says](https://insiderzim.com/zimbabwe-bans-raw-base-mineral-ore-exports-what-the-regulation-says/) - Zimbabwe has banned the export of all raw base mineral ores with immediate effect. This was done under Statutory Instrument 5 of 2023 which was gazetted yesterday. The Base Minerals Export Control (Unbeneficiated Base Mineral Ores) Order, 2023 reads as follows: UNDER the powers conferred upon me by section 3(1)(a) of the Base Minerals Export
- [Bulawayo retains 12 Parliamentary seats](https://insiderzim.com/bulawayo-retains-12-parliamentary-seats/) - Bulawayo has retained its 12 Parliamentary seats but seven have been reconfigured, according to the preliminary delimitation report that was tabled in Parliament today. There had been fears that the metropolitan province might lose some seats because of the low voter registration. Bulawayo has the second lowest number of registered voters after Matebeleland South. It
- [Has Zimbabwe breached the constitution by tabling the preliminary demilitation report today?](https://insiderzim.com/has-zimbabwe-breached-the-constitution-by-tabling-the-preliminary-demilitation-report-today/) - Yes, says local think-tank Veritas Zimbabwe. The report, it says, should have been tabled in Parliament by 3 January. Veritas says the constitution says the report must be tabled within seven days not seven working days. As things stand, Veritas says the Zimbabwe Electoral Commission must produce the final report by 28 January and it
- [Looking for young man or woman to monetise The Insider](https://insiderzim.com/looking-for-young-man-or-woman-to-monetise-the-insider/) - After running The Insider single-handedly for 32 years, Yes, 32 years, I am now looking for a young man or woman or business enterprise to monetise this website. Terms and conditions will be shared and agreed with anyone selected but I would like to emphasize that this is not a salaried job. Contact: charlesrukuni@insiderzim.com
- [Mnangagwa spokesman in eye of storm over Job Sikhala](https://insiderzim.com/mnangagwa-spokesman-in-eye-of-storm-over-job-sikhala/) - Zimbabwe President Emmerson Mnangangwa’s spokesman George Charamba yesterday torched a storm after he tweeted that Citizens Coalition for Change legislator Job Sikhala, who has been on remand for more than six months after his arrest for inciting violence following the death of Moreblessing Ali, has been thrown under the bus. Sikhala has been denied bail
- [Top 20 cities for the world's super rich](https://insiderzim.com/top-20-cities-for-the-worlds-super-rich/) - Continued next page How many millionaires, centimillionaires, and billionaires live in the world’s wealthiest cities?While such metrics are not all encompassing, these measurements of private wealth do help put the financial health and economic activity of some of the world’s wealthiest cities in perspective.This infographic uses information from the Henley Global Citizens Report, in partnership
- [100 most reputable Africans 2023](https://insiderzim.com/100-most-reputable-africans-2023/) - Two Zimbabweans, Finance Minister Mthuli Ncube and actress Danai Gurira, are among the 100 most reputable Africans for 2023. The selection by Reputation Poll International is based on integrity, visibility and impact. Below is the list of the 100 Most Reputable people in Africa in alphabetical order; Abdulrazak Gurnah FRSL || British Author and Professor
- [Tough luck- no oil or gas at Zimbabwe’s Muzarabani yet](https://insiderzim.com/tough-luck-no-oil-or-gas-at-zimbabwes-muzarabani-yet/) - Ground conditions have forced Invictus Energy to abandon operations at its first drilling site, a reflection of the brave yet expensive risks that investors take on gas and oil exploration. In simple terms, Invictus has been unable to confirm gas or oil at Mukuyu-1, Zimbabwe’s debut exploration well. Invictus has agreed with the rig supplier,
- [Strive Masiyiwa had the steepest loss among Africa’s billionaires at US$1.5 billion in 2022](https://insiderzim.com/strive-masiyiwa-had-the-steepest-loss-among-africas-billionaires-at-us1-5-billion-in-2022/) - In 2022, the world was hit by a series of economic challenges that took a significant toll on the wealth of billionaires. According to data from the Bloomberg Billionaires Index and Forbes, the 500 richest billionaires lost a staggering US$1.4 trillion, the steepest drop ever recorded. The loss can be attributed to a number of
- [What Zimbabwe’s lithium export ban really means](https://insiderzim.com/what-zimbabwes-lithium-export-ban-really-means/) - A tweet by influential US journalist Ben Norton went viral. It said: “Zimbabwe has banned all lithium exports. The government said it was losing $1.7 billion from exporting it as a raw mineral and not processing it into batteries in-country. Instead of exporting raw materials, Zimbabwe hopes to develop its own industry.” A small African
- [Mwonzora and ZANU-PF to share $1.5 billion](https://insiderzim.com/mwonzora-and-zanu-pf-to-share-1-5-billion/) - The ruling ZANU-PF party and the opposition Movement for Democratic Change led by Douglas Mwonzora will share $1.5 billion this year under the Political Parties (Finance Act) which gives government money to political parties that have won more than 5% of the votes in a general election. ZANU-PF which got 70.03% of the vote in
- [Mnangagwa says 2023 holds a lot of promise for Zimbabwe](https://insiderzim.com/mnangagwa-says-2023-holds-a-lot-of-promise-for-zimbabwe/) - Zimbabwe President Emmerson Mnangagwa yesterday said the year which began today holds a lot of promise for Zimbabwe which saw a lot of progress last year with the country harvesting a record wheat crop and earning the highest foreign currency ever. In his new year message to the nation, Mnangagwa said: “Focus will be on
- [Majoko says he could not revive CSC operations. His hands were tied](https://insiderzim.com/majoko-says-he-could-not-revive-csc-operations-his-hands-were-tied/) - Bulawayo lawyer, Vonani Majoko, who was the corporate rescuer of the Cold Storage Company for more than a year until he was removed on 7 January last year, says he could not revive the beef company because he had no funds except the paltry rentals he got from CSC properties. Majoko came under fire from
- [Chamisa springs a surprise - says CCC was formed but not officially launched](https://insiderzim.com/chamisa-springs-a-surprise-says-ccc-was-formed-but-not-officially-launched/) - The Citizens Coalition for Change, which was formed almost a year ago and has contested 29 Parliamentary and 149 council seats, has not yet been officially launched though it was formed almost a year ago, its leader Nelson Chamisa said. In a series of tweets, Chamisa said the party’s constitution, its manifesto and candidate selection
- [Zimbabwe company stories that made headlines in 2022](https://insiderzim.com/zimbabwe-company-stories-that-made-headlines-in-2022/) - In 2022, inflation remained high, the exchange rate was on steroids for long periods, lights went out often and Zimbabwe’s long tradition of policy shifts kept businesses on edge. There was, still, some business to be done, for better or for worse. Here, we look back at some of the top company news we covered
- [Netone loses 72 000 subscribers](https://insiderzim.com/netone-loses-72-000-subscribers/) - Netone, the government-owned second largest mobile telephone operator in Zimbabwe, lost 72 106 subscribers in the third quarter of this year according to figures released by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ). The country’s largest mobile network operator, Econet, gained 627 828 subscribers more than the entire number of subscribers for the
- [Fight for CSC is more for its US$100 million assets than reviving operations](https://insiderzim.com/fight-for-csc-is-more-for-its-us100-million-assets-than-reviving-operations/) - Boustead Beef, which entered into an agreement with the Zimbabwe government four years ago to revive the Cold Storage Company, seems to be more interested in the company’s assets than in reviving its operations. The assets are said to be worth about US$100 million today. Boustead Beef, which came in as a British investor but
- [Lithium prices will fall 25% in 2023 - Chinese investor says](https://insiderzim.com/lithium-prices-will-fall-25-in-2023-chinese-investor-says/) - Lithium is going to get less expensive in 2023, according to a Chinese supplier of the battery metal. Prices have already softened after a spectacular two-year rally labelled “insane” by Elon Musk and “unreasonable” by China’s electric vehicle maker BYD. The cool-off is poised to continue as more supply emerges to trim abnormally high margins
- [CSC rescue turned into circus-workers shortchanged](https://insiderzim.com/csc-rescue-turned-into-circus-workers-shortchanged/) - The corporate rescue of the Cold Storage Company, aimed at resuscitating what was once one of Africa’s biggest meat processors, was turned into a circus last week when the investor that the government had partnered to revive the company over 25 years filed a claim as the company’s biggest creditor and workers ended up being
- [Was Vice-President Chiwenga taken for a ride by Boustead Beef?](https://insiderzim.com/was-vice-president-chiwenga-taken-for-a-ride-by-boustead-beef/) - Vice-President Constantino Chiwenga might have been taken for a ride when he was asked to officially re-open the Cold Storage Company-Boustead Beef operations in Bulawayo when the plant is actually not yet ready. Boustead Beef entered into a US$130 agreement with the government to resuscitate the ailing company in 2019 but failed to do so
- [Zimbabwe inflation down to 244% but MOM up](https://insiderzim.com/zimbabwe-inflation-down-to-244-but-mom-up/) - Zimbabwe’s annual inflation dropped by 11 percentage points in December to stand at 243.8% but month-on-month inflation rose from 1.8% in November to 2.4% in December. Analysts have credited the decline, which started in September, to tight measures introduced by the government in July. Though the measures also resulted in the local currency stabilising against
- [Zimbabwe sets maize pre-planting price at US$335 a tonne](https://insiderzim.com/zimbabwe-sets-maize-pre-planting-price-at-us335-a-tonne/) - Zimbabwe today announced a pre-planting price for maize of US$335 a tonne this season in an effort to shore up production of the staple and ensure that the country is food self-sufficient. It has just produced 375 000 tonnes of wheat, 15 000 tonnes more than the national requirement. Producer prices for other crops are:
- [The Cold Storage Company made a surplus of over US$5 000 under corporate rescue](https://insiderzim.com/the-cold-storage-company-made-a-surplus-of-over-us5-000-under-corporate-rescue/) - The Cold Storage Company made a surplus of US$5 445 during the period that it was under corporate rescue but this was only 30% of its potential, according to a report that was filed by the corporate rescuer Vonani Majoko in August. The report was for the period from 1 April 2021 to 7 July
- [Zimbabwe ranked 11th most advanced country in Africa](https://insiderzim.com/zimbabwe-ranked-11th-most-advanced-country-in-africa/) - Zimbabwe has been named the 11th most advanced country in Africa according to information compiled by Insidermonkey using the 2022 global innovation index. It says Zimbabwe has a gross domestic product of US$38 billion but its economy is primarily fuelled by the services sector. Zimbabwe’s economy is however largely undocumented because it has the second
- [Jonathan Moyo bashed for saying free and fair elections are impossible under sanctions](https://insiderzim.com/jonathan-moyo-bashed-for-saying-free-and-fair-elections-are-impossible-under-sanctions/) - Exiled politician Jonathan Moyo has been bashed for saying regime change machinations by the United States through its sanctions make the holding of free and fair elections impossible. One going by the name of Kudzie said:”Zvatanga futi, maybe maapiritsi ake enjere apera.” Moyo had tweeted: “In Africa, 'WINNING AN ELECTION' using violence, bribery or rigging
- [Can Mnangagwa recall Parliament? Yes says Zimfact](https://insiderzim.com/can-mnangagwa-recall-parliament-yes-says-zimfact/) - Claim: President Emmerson Mnangagwa broke his annual vacation, just days into the holiday for an official ceremony to receive a Preliminary Delimitation Report from the Zimbabwe Electoral Commission (ZEC), but Parliament as a separate arm of the State is not obliged to convene urgently to consider the Report, according to interpretations on some social media
- [Jonathan Moyo teases new Zimbabwe opposition leader- are you solo or a team?](https://insiderzim.com/jonathan-moyo-teases-new-zimbabwe-opposition-leader-are-you-solo-or-a-team/) - Exiled Zimbabwean politician Jonathan Moyo has teased new opposition leader Robert Chapman whether his campaign for presidency in 2023 is a solo or party bid. The former Information and Higher Education minister tweeted: “@DrivenChapman, politics is associational. It's not clear if yours is a solo or a party bid for the presidency in 2023 but
- [Mnangagwa receives delimitation report- Parliament might have to be recalled](https://insiderzim.com/mnangagwa-receives-delimitation-report-parliament-might-have-to-be-recalled/) - President Emmerson Mnangagwa today took a day off from his annual leave to receive the preliminary delimitation report from the chairman of the Zimbabwe Electoral Commission Priscilla Chigumba ahead of the 2023 elections which should be held between July and August. Acting chief secretary to the cabinet George Charamba said the President has to cause
- [No christmas cheer for CSC as Boustead Beef finds another lame excuse for failing to revive operations](https://insiderzim.com/no-christmas-cheer-for-csc-as-boustead-beef-finds-another-lame-excuse-for-failing-to-revive-operations/) - First it was the former Cold Storage Company workers who were to blame for its failure to revive the company because they had sabotaged its operations and stripped company assets. Now it is the former corporate rescuer Vonani Majoko who is to blame because he is allegedly pocketing all the rentals from CSC properties. To
- [Zimbabwe cement company shares suspended to check impact of US sanctions on new shareholder](https://insiderzim.com/zimbabwe-cement-company-shares-suspended-to-check-impact-of-us-sanctions-on-new-shareholder/) - Trading in Lafarge shares has been suspended on the Zimbabwe Stock Exchange (ZSE), as the company reviews the impact of United States sanctions imposed on its new owners. The US government imposed sanctions on Fossil Agro and Fossil Contracting, part of the Fossil Group, and also sanctioned Obey Chimuka, the company’s owner. The US measures
- [Mzembi, Hopewell Chin’ono salute Mnangagwa over politburo appointments](https://insiderzim.com/mzembi-hopewell-chinono-salute-mnangagwa-over-politburo-appointments/) - Walter Mzembi and Hopewell Chin’ono, perennial critics of President Emmerson Mnangagwa, have showered the Zimbabwe African National Union-Patriotic Front leader with praise over yesterday’s appointments to the politburo, saying this is a sure way of showing how serious he is about winning the coming elections. Mnangagwa appointed a 55-member politburo yesterday which saw him bringing
- [Zimbabwe promises reduced load-shedding during festive period](https://insiderzim.com/zimbabwe-promises-reduced-load-shedding-during-festive-period/) - The Zimbabwe Electricity Supply Authority has promised consumers reduced load-shedding during the festive period saying it has brought back five of the six units at the Hwange Thermal Power Station back into operation. Zimbabwe has been experiencing serious load-shedding, sometimes for up to 18 hours, after it was forced to reduce output from Kariba because
- [Supa Mandiwanzira makes it to ZANU-PF politburo](https://insiderzim.com/supa-mandiwanzira-makes-it-to-zanu-pf-politburo/) - Former journalist Supa Mandiwanzira, once thought to be linked to the G40 faction of the party, has made it to the Zimbabwe African National Union-Patriotic Front politburo as secretary for local government. Engelbert Rugeje, also thought to have been ditched by the party, also made it as secretary for economic affairs. Here is the full
- [Did Zimbabwe’s deputy Energy Minister lie about power projects from Independent producers?](https://insiderzim.com/did-zimbabwes-deputy-energy-minister-lie-about-power-projects-from-independent-producers/) - Zimbabwe is battling serious power shortages despite promises by the national electricity supply authority (ZESA) to ease load-shedding through increased imports during the festive season. Claim: Zimbabwe Energy and Power Development Deputy Minister Magna Mudyiwa claimed in Parliament last week that the country would not have been facing the current problems if licensed Independent Power
- [Mnangagwa says elections should never be an excuse for conflict](https://insiderzim.com/mnangagwa-says-elections-should-never-be-an-excuse-for-conflict/) - Zimbabwe President Emmerson Mnangagwa says elections should never be an excuse or pretext for political conflict, disturbances, hate speech or disharmony. He said this in his Unity Day speech in which he said that Zimbabweans needed lasting unity and durable peace in the country. Zimbabwe marked 35 years under the unity accord signed by the
- [Chamisa calls for real unity but told unite with Mwonzora first](https://insiderzim.com/chamisa-calls-for-real-unity-but-told-unite-with-mwonzora-first/) - Citizens Coalition for Change leader Nelson Chamisa today called for real unity, tweeting: “WE THE CITIZENS, yearn for real unity based on equality, tolerance, justice & freedom.This was the vision of our founding leaders,such Dr Joshua Nkomo,who made sacrifices to bring us together. Today on Unity Day, we recommit ourselves to building a new, great,
- [Zimbabwe bans exports of raw lithium](https://insiderzim.com/zimbabwe-bans-exports-of-raw-lithium/) - Zimbabwe has imposed a ban on the export of unprocessed lithium, according to a government notice yesterday, in a bid to stop artisanal miners who the government says are digging up and taking the mineral across borders. The southern African country holds some of the world’s largest reserves of hard rock lithium, a vital mineral
- [Watch- The British must think hard about Zimbabwe- Mbalula](https://insiderzim.com/watch-the-british-must-think-hard-about-zimbabwe-mbalula/) - The British must think hard about the promises that they made to the people of Zimbabwe and lift sanctions so that the country can once again prosper and become the bresad basket of Africa, newly elected African National Congress of South Africa secretary-general Fikile Mbalula says. Watch:
- [Zimbabwe still has one of the lowest VAT despite the hike](https://insiderzim.com/zimbabwe-still-has-one-of-the-lowest-vat-despite-the-hike/) - Zimbabwe still has one of the lowest Value Added Tax rates in the region despite the hike from 14.5% to 15% from next month. Responding to concerns raised by legislators during the debate of the 2023 budget, Finance Minister Mthuli Ncube gave a breakdown of rates in the region which stand as follows: Madagascar 20%
- [ANC does not support regime change in Zimbabwe- will never ditch ZANU-PF](https://insiderzim.com/anc-does-not-support-regime-change-in-zimbabwe-will-never-ditch-zanu-pf/) - Moments after being announced as incoming secretary-general of the ruling African National Congress (ANC), Fikile Mbalula said his party would intensify assisting neighbouring Zimbabwe to recover from decades of economic downturn and massive brain drain. “We must be very much concerned about what is happening in Zimbabwe, and what role we need to play. We
- [Is British aid ending up in London than with the intended beneficiaries?](https://insiderzim.com/is-british-aid-ending-up-in-london-than-with-the-intended-beneficiaries/) - A British peer has questioned the effectiveness of British aid saying the bulk of the aid might be ending up in London on lobbying operations instead of being spent on projects on the ground. Lord Hannan said this in the House of Lords during the debate on the British government’s approach to Official Development Assistance
- [Zimbabwe gives guarantees to 27 independent power producers with combined 1 000 MW projects](https://insiderzim.com/zimbabwe-gives-guarantees-to-27-independent-power-producers-with-combined-1-000-mw-projects/) - The government is giving guarantees to 27 independent power producers, with projects of a combined 1000MW, hoping to clear a key hurdle that has kept energy investors away and left Zimbabwe facing power shortages. Finance Minister Mthuli Ncube announced yesterday that the government had agreed to a Government Implementation Agreement (GIA) for all solar IPPs
- [Did Mthuli Ncube lie about compensation to Zimbabwe white farmers?](https://insiderzim.com/did-mthuli-ncube-lie-about-compensation-to-zimbabwe-white-farmers/) - Opposition legislator Norman Markham has accused Finance Minister Mthuli Ncube of lying that former white farmers had agreed to a new compensation plan. Presenting his 2023 budget last month Ncube said farmers had agreed a new compensation plan in September 2022 which would be in two parts. The first part involved an interim cash payment
- [Mthuli Ncube tells Biti he did nothing about clearing Zimbabwe’s debt when he was Finance Minister- NO NO to budget in US dollars](https://insiderzim.com/mthuli-ncube-tells-biti-he-did-nothing-about-clearing-zimbabwes-debt-when-he-was-finance-minister-no-no-to-budget-in-us-dollars/) - Zimbabwe Finance Minister Mthuli Ncube told former Finance Minister Tendai Biti that he did nothing about clearing the country’s debt when he was minister during the inclusive government. Ncube told Parliament: “Hon. Biti insinuated that we do not have a debt arrears clearance plan, we do. If I can challenge him - when he was
- [Biti tells Mthuli Ncube that he would be herding cattle in Tsholotsho had it not been for Mugabe’s education](https://insiderzim.com/biti-tells-mthuli-ncube-that-he-would-be-herding-cattle-in-tsholotsho-had-it-not-been-for-mugabes-education/) - Former Finance Minister Tendai Biti told Parliament that Finance Minister Mthuli Ncube should pay special attention to education and health because had it not been for the education he got under President Robert Mugabe, he would be herding cattle somewhere in Tsholotsho. He said this in his contribution to the 2023 Finance budget where he
- [Chamisa says CCC task is not merely to replace ZANU-PF](https://insiderzim.com/chamisa-says-ccc-task-is-not-merely-to-replace-zanu-pf/) - Citizens Coalition for Change leader Nelson Chamisa today said his party’s task is not merely to replace the Zimbabwe African National Union-Patriotic Front leadership but to raise the leadership bar, but he was challenged to show his party leadership and not just himself and spokesperson Fadzayi Mahere. Chamisa tweeted today: “OUR TASK is not to
- [Zimbabwe gold coins have done their job](https://insiderzim.com/zimbabwe-gold-coins-have-done-their-job/) - An International Monetary Fund (IMF) team led by Dhaneshwar Ghura conducted a visit to Zimbabwe from December 1 to 15. At the conclusion of the mission, Ghura issued a statement, which, among other things, encouraged the Reserve Bank of Zimbabwe (RBZ) “to wind down the use of gold coins”. Ghura said: “A near-term policy imperative
- [Is Chiwenga still poised to take over from Mnangagwa?](https://insiderzim.com/is-chiwenga-still-poised-to-take-over-from-mnangagwa/) - At ZANU-PF’s elective congress this October, delegates unanimously endorsed Emmerson Mnangagwa to remain the ruling party’s leader for the next five years. This means the 80-year-old president will stay in Zimbabwe’s top job at least until national elections scheduled for mid-2023. Analysts were quick to interpret Mnangagwa’s endorsement not only as a political victory in
- [Six key areas the US intends to work on to deepen relations with Africa](https://insiderzim.com/six-key-areas-the-us-intends-to-work-on-to-deepen-relations-with-africa/) - United States Secretary of State Antony Blinken yesterday spelt six key areas that Washington intends to work on to deepen its partnership with African countries. Speaking at a luncheon for African leaders attending the three-day US-Africa Summit in Washington, Blinken said: The State Department, the Commerce Department and other agencies are going to organise more
- [Zimbabwe may have to import 500MW to meet its power deficit](https://insiderzim.com/zimbabwe-may-have-to-import-500mw-to-meet-its-power-deficit/) - Zimbabwe is currently producing only 800 megawatts of power and may have to import 500MW to meet its current power deficit. Energy Minister Soda Zhemu said Hwange was generating 400MW and Kariba between 250MW and 300MW. Small thermal power stations were contributing 30MW while independent power producers brought in 56MW. “We are also getting some
- [Mutasa says Mugabe tried to groom young leaders for ZANU-PF but they focussed on looting and women](https://insiderzim.com/mutasa-says-mugabe-tried-to-groom-young-leaders-for-zanu-pf-but-they-focussed-on-looting-and-women/) - Former Zimbabwe African National Union-Patriotic Front secretary for administration Didymus Mutasa has once again showered President Emmerson Mnangagwa with praise saying he is grooming future decent young leaders for the ruling party. “Ngwena is breeding future decent young leaders for ZanuPF. This is something we failed to do while we were .. still in charge
- [10 000 Zimbabweans in the diaspora looking for land](https://insiderzim.com/10-000-zimbabweans-in-the-diaspora-looking-for-land/) - About 10 000 Zimbabweans in the diaspora are looking for land but demand for land has now far exceeded supply. Information Minister Monica Mutsvangwa said yesterday that there are 260 000 people, including 10 000 in the diaspora, who are on the waiting list for land. Zimbabwe has distributed 14 million hectares to over 380
- [Biti says: I am so ugly I don’t know why Togarepi is dreaming about me](https://insiderzim.com/biti-says-i-am-so-ugly-i-dont-know-why-togarepi-is-dreaming-about-me/) - Former Finance Minister Tendai Biti yesterday asked why the Zimbabwe African National Union-Patriotic Front chief whip Pupurai Tigarepi was after his case when he was so ugly. Togarepi had asked the Minister of Finance Mthuli Ncube to increase government revenue by widening the tax base because there were a lot of businesses and wealthy people
- [Mliswa queries why the number of war veterans has risen from 34 000 to 142 000](https://insiderzim.com/mliswa-queries-why-the-number-of-war-veterans-has-risen-from-34-000-to-142-000/) - Independent legislator Temba Mliswa today queried how the number of war veterans had risen from 34 000 in 1997 to 142 000 this year. He said the figure needs to be interrogated as there seems to be a high level of corruption, misinformation and a criminal element. “Despite that increase, what boggles my mind is
- [Zimbabwe dollar down by nearly $10 to $671.45 against the United States dollar](https://insiderzim.com/zimbabwe-dollar-down-by-nearly-10-to-671-45-against-the-united-states-dollar/) - The Zimbabwe dollar today eased by nearly $10 to average $671.4466 as it continued its slide against the United States dollar. A total of US$15.5 million was allotted to 234 businesses with 101 large firms getting US$14 million. Offers at the auction ranged from $665 to $690. Parallel market rates remained steady at $800 to
- [Zimbabwe ranked 22 among the world’s most welcoming countries](https://insiderzim.com/zimbabwe-ranked-22-among-the-worlds-most-welcoming-countries/) - Zimbabwe has been ranked number 22 among the world’s most welcoming countries by United States news channel CNN. The ranking is based on how many countries a country accepts without a visa, with a visa on arrival or with an electronic travel authorisation. It is beaten by five countries in the Southern African Development Community:
- [Africa needs a partner not a boss- The US-Africa summit is not a meeting of equals](https://insiderzim.com/africa-needs-a-partner-not-a-boss-the-us-africa-summit-is-not-a-meeting-of-equals/) - The United States-Africa Leaders' Summit hosted by US President Joe Biden will take place from December 13 to 15, 2022 in Washington DC. Per the organizers, the conference aims to demonstrate the commitment of the Biden administration to the African continent and to provide a forum for new joint initiatives between Africa and the US.
- [17 Zimbabweans including Chombo, Gono’s wife and Chinamasa’s daughter removed from US sanctions list](https://insiderzim.com/17-zimbabweans-including-chombo-gonos-wife-and-chinamasas-daughter-removed-from-us-sanctions-list/) - Seventeen Zimbabweans,most of whom were ministers or deputy ministers in President Robert Mugabe’s government, were today removed from the United States sanctions list. Notable among them were former Finance ministers Ignatius Chombo and Hebert Murerwa, former Security Minister Nicholas Goche and the wife of former Reserve Bank of Zimbabwe governor, Hellin Gono. Below is the
- [US adds Tagwirei’s wife and Mnangagwa’s son to sanctions list on eve of US-Africa summit](https://insiderzim.com/us-adds-tagwireis-wife-and-mnangagwas-son-to-sanctions-list-on-eve-of-us-africa-summit/) - The United States today added Tagwirei’s wife, Sandra Mpunga and President Emmmerson Mnangagwa’s son, Emmerson Jr, to its sanctions list largely because of their links to businessman Kudakwashe Tagwirei. Tagwirei was slapped with sanctions in August 2020 “for having materially assisted, sponsored, or provided financial, material, logistical, or technical support for, or goods or services
- [5 top reasons why Africa matters to the US](https://insiderzim.com/5-top-reasons-why-africa-matters-to-the-us/) - As the United States-Africa summit kicks off tomorrow, Washington-based United States research institute, Brookings Institution, has released a report in which it gives five top reasons why Africa matters to the United States and strategic opportunities for Washington’s engagement with the region. The five key issues are: how the US can reinforce trade and investment
- [Chamisa told it’s not about age but ideas](https://insiderzim.com/chamisa-told-its-not-about-age-but-ideas/) - Citizens Coalition for Change leader Nelson Chamisa has been told that the contest for President of Zimbabwe in next year’s elections is not about age but about ideas that will move the country forward. This was said by several twitter followers after Chamisa had said he will be 45 when he contests next year’s election
- [Mnangagwa removes all entry barriers to new investments in the energy sector](https://insiderzim.com/mnangagwa-removes-all-entry-barriers-to-new-investments-in-the-energy-sector/) - President Emmerson Mnangagwa today said that he had instructed his government to remove all and any entry barriers to new investments in the energy sector so that the country ends power shortages in 2023. He said his government plans to operate as if Kariba did not exist and aims to produce 2 000 Megawatts from
- [Chamisa told “clean Harare city first”](https://insiderzim.com/chamisa-told-clean-harare-city-first/) - There was mixed reaction to Citizens Coalition for Change leader Nelson Chamisa’s plan to end Zimbabwe’s power crisis with some praising the opposition leader for providing a solution while others said he should clean up Harare first before he could think of larger projects like his proposed US$4.3 billion power project. Chamisa proposed a 5-point
- [Zimbabwe mining companies that are providing their own energy](https://insiderzim.com/zimbabwe-mining-companies-that-are-providing-their-own-energy/) - When the Chamber of Mines asked its members to list their biggest worries this year, most of them had one major gripe at the top of their lists – power supply. The Chamber’s survey of members, which include some of Zimbabwe’s major miners, found that some 60% of respondents had faced power cuts of up
- [Mudzuri says Mnangagwa should talk to his ministers- he has never seen July Moyo and Anxious Masuka in the Senate](https://insiderzim.com/mudzuri-says-mnangagwa-should-talk-to-his-ministers-he-has-never-seen-july-moyo-and-anxious-masuka-in-the-senate/) - Opposition legislator and former Harare mayor Elias Mudzuri yesterday said President Emmerson Mnangagwa should talk to his ministers to take the Senate seriously because he had never seen Local Government Minister July Moyo and Lands and Agriculture Minister Anxious Masuka in the Senate. He said this after the acting president of the Senate Chief Ngunmgumbane
- [ZESA owed $14 billion](https://insiderzim.com/zesa-owed-14-billion/) - The power crisis that Zimbabwe is currently facing has been compounded by the fact that theZimbabwe Electricity Supply Authority is owed $14 billion (about US$20 million at the official rate), Deputy Energy Minister Magna Mudyiwa told Parliament yesterday. Responding to questions on the current power crisis in the Senate yesterday, Mudyiwa said ZESA had introduced
- [Chamisa’s 5-point vs Biti’s 9-point power crisis solution](https://insiderzim.com/chamisas-5-point-vs-bitis-9-point-power-crisis-solution/) - Citizens Coalition for Change leader Nelson Chamisa yesterday came up with a five-point plan to solve the country’s energy crisis but at the same time, his deputy Tendai Biti came up with a 9-point plan. Chamisa said: “Our five-point plan for energy is informed by the suffering of our citizens due to the lack of
- [Is Masiyiwa likely to leave the billionaire club before the end of the year?](https://insiderzim.com/is-masiyiwa-likely-to-leave-the-billionaire-club-before-the-end-of-the-year/) - Four of the 23 African billionaires tracked by Billionaires.Africa are on track to end the year as multimillionaires rather than billionaires, as macroeconomic volatility, geopolitical tensions, and supply chain disruptions continue to impact both performance and valuation of their companies. With the financial performance of some African companies under pressure, the decline in these companies’
- [How Chamisa would end Zimbabwe’s power crisis](https://insiderzim.com/how-chamisa-would-end-zimbabwes-power-crisis/) - Zimbabwe is facing its worst power crisis in years, with outages lasting 20 hours. In this article, opposition CCC leader Nelson Chamisa writes about what his government would do differently. His alternative plan includes securing US$4.3 billion in funding to increase power generation, and US$300 million to fix the grid. Zimbabwe currently has a national
- [Why Zimbabwe was invited to the US-Africa summit](https://insiderzim.com/why-zimbabwe-was-invited-to-the-us-africa-summit/) - Zimbabwe was invited to the United States-Africa summit to be held from 13-15 December, despite being on US sanctions for 20 years, because Washington recognises that Africa will shape the future of the world and also because the United States is losing out to China diplomatically. Washington says in its strategy paper toward Sub-Saharan Africa,
- [Biti says 2023 budget cannot be debated in the absence of Finance Minister- hakusi kufudza mombe](https://insiderzim.com/biti-says-2023-budget-cannot-be-debated-in-the-absence-of-finance-minister-hakusi-kufudza-mombe/) - Former Finance Minister Tendai Biti today said the 2023 budget could not be debated in the absence of Finance Minister Mthuli Ncube or his deputy Clemence Chiduwa. When told by the deputy Speaker of Parliament Tsitsi Gezi that the leader of government business, Justice Minister Ziyambi Ziyambi was in the House taking notes on behalf
- [Zimbabwe power crisis- no immediate relief](https://insiderzim.com/zimbabwe-power-crisis-no-immediate-relief/) - Faced with its worst power crisis in years, Zimbabwe yesterday gave an update on power shortages and what it plans to do about them. It plans to increase electricity imports and speed up the deployment of independent power producers. At a briefing after the cabinet meeting, Energy Secretary Gloria Magombo said the commissioning of two
- [Zimbabwe legislator accuses colleagues of trying to bump him off](https://insiderzim.com/zimbabwe-legislator-accuses-colleagues-of-trying-to-bump-him-off/) - Opposition legislator David Tekeshe yesterday told Parliament that some of his colleagues tried to bump him off while on his way from the new Parliament building in Mount Hampden to the city of Harare. He said that the people that tried to kill him were driving a GD6 and a V8. “Madam Speaker, I am
- [Mliswa tells Chamisa to shut up on allowances for MPs - these are contractual obligations with Parliament not with CCC](https://insiderzim.com/mliswa-tells-chamisa-to-shut-up-on-allowances-for-mps-these-are-contractual-obligations-with-parliament-not-with-ccc/) - Independent legislator Temba Mliswa yesterday said Citizens Coalition for Change leader Nelson Chamisa should shut up on allowances for Members of Parliament as these are contractual obligations between the legislators and Parliament and not with their party. CCC Member of Parliament for Mbizo, Settlement Chikwinya, objected to Mliswa’s sentiments saying Mliswa should not talk about
- [Poor countries tied down by US$9 trillion debt - now spending 10.3% of export earnings on debt servicing](https://insiderzim.com/poor-countries-tied-down-by-us9-trillion-debt-now-spending-10-3-of-export-earnings-on-debt-servicing/) - Sri Lankan Scholar, Howard Nicholas, was right. The West uses debt as a tool to tie down poor countries, including those in Sub-Saharan Africa. According to the International Debt Report released by the World Bank today the external debt of poor countries at the end of 2021 had risen to US$9 trillion, more than double
- [Mnangagwa is right-”nyika inovakwa ne vene vayo”- the IMF and World Bank are up to no good, scholar says](https://insiderzim.com/mnangagwa-is-right-nyika-inovakwa-ne-vene-vayo-the-imf-and-world-bank-are-up-to-no-good-scholar-says/) - It is seven years old. But the presentation by Howard Nicholas, a professor at the International Institute of Social Studies at Erasmus University in the Netherlands, entitled: Underdevelopment in Africa- what is the real story, still rings true today. When you listen to it, you realise that Zimbabwe President Emmerson Mnangagwa is right when he
- [Zimbabwe dollar drops to $661.56 to the US dollar](https://insiderzim.com/zimbabwe-dollar-drops-to-661-56-to-the-us-dollar/) - The Zimbabwe dollar today fell by $6.70 to average $661.5605 against the United States dollar as the central bank said it will maintain its tight monetary policy which has slowed down the decline of the local currency. Offers at today’s auction ranged from $655 to $678 while those on the black market remained at $800
- [Zimbabwe to grow by 4% next year, monthly inflation to remain below 3%](https://insiderzim.com/zimbabwe-to-grow-by-4-next-year-monthly-inflation-to-remain-below-3/) - The Reserve Bank of Zimbabwe’s Monetary Policy Committee says Zimbabwe’s economy will grow by 4% next year and month-on-month inflation will be kept below 3% throughout. Finance MInister Mthuli Ncube revised this year’s growth to 4% when he presented his budget for 2023 and put that for next year at 3.8%. Monthly inflation dropped from
- [Did Chombo really apologise to Mnangagwa?](https://insiderzim.com/did-chombo-really-apologise-to-mnangagwa/) - Zimbabwe’s former Finance MInister Ignatius Chombo has apologised to President Emmerson Mnangagwa and has asked Mnangagwa to forgive him for the bad things he said about him. Some people are, however, questioning whether the apology really came from Chombo. In a tweet at the weekend, Chombo said: “Dear President @edmnangagwa, please forgive me for the
- [Mnangagwa promises to overcome energy crisis- dangles tax rebates for companies that provide employees with solar power](https://insiderzim.com/mnangagwa-promises-to-overcome-energy-crisis-dangles-tax-rebates-for-companies-that-provide-employees-with-solar-power/) - Zimbabwe President Emmerson Mnangagwa today said the country will overcome the current energy crisis if there is a strong national resolve with the government and private sector working together. He also promised tax rebates to companies that provide their employees with solar power at their homes. Writing in his weekly column in the Sunday Mail,
- [Mliswa says Chamisa accepted perks from Mugabe, he cannot tell his MPs to turn down loans from Mnangagwa ](https://insiderzim.com/mliswa-says-chamisa-accepted-perks-from-mugabe-he-cannot-tell-his-mps-to-turn-down-loans-from-mnangagwa/) - Independent legislator Temba Mliswa today blasted the opposition for dithering and said Citizens Coalition for Change leader Nelson Chamisa cannot order his legislators to turn down a loan from the government when he accepted perks under President Robert Mugabe’s administration. He accused Chamisa of pandering to the public saying this showed lack of leadership. Zimbabwe
- [UK says Zimbabwe is among its 31 human rights priority countries](https://insiderzim.com/uk-says-zimbabwe-is-among-its-31-human-rights-priority-countries/) - Britain’s Minister of State in the Foreign, Commonwealth and Development Office, Andrew Mitchell, yesterday said Zimbabwe is one of its 31 human rights priority countries. As such it is monitoring the human rights situation in Zimbabwe and has engaged the government on allowing space for opposition parties and civil society to operate freely ahead of
- [Zimbabweans in South Africa go to court because banks and schools are harassing them](https://insiderzim.com/zimbabweans-in-south-africa-go-to-court-because-banks-and-schools-are-harassing-them/) - The Zimbabwe Exemption Permit Holders Association (ZEPHA) heads to court next week seeking an urgent interdict to stop banks and schools in South Africa from harassing Zimbabweans who are under threat of deportation once the Zimbabwe Exemption Permit (ZEP) system expires in 2023. Thousands of Zimbabweans living and working in South Africa under the ZEP
- [Zimbabwe to export coal to Europe next year](https://insiderzim.com/zimbabwe-to-export-coal-to-europe-next-year/) - London-listed Contango Holdings says it plans to start exporting thermal coal early next year from its Zimbabwe mine following requests from customers in Europe and Asia. Zimbabwe’s neighbour South Africa saw an eight-fold increase in coal exports to Europe during the first half of 2022, after the European Union banned coal imports from Russia as
- [Zimbabwe’s revised plan to compensate white farmers](https://insiderzim.com/zimbabwes-revised-plan-to-compensate-white-farmers/) - Zimbabwe has agreed on a new plan to compensate white farmers whose land was taken during the land reform programme under what it calls the Global Compensation Deed. Zimbabwe announced in July 2020 that it would pay out US$3.5 billion to the white farmers with 50% of the compensation after a year and the balance
- [Is Didymus Mutasa bootlicking Mnangagwa?](https://insiderzim.com/is-didymus-mutasa-bootlicking-mnangagwa/) - Former Zimbabwe African National Union-Patriotic Front heavyweight Didymus Mutasa has showered praise on President Emmerson Mnangagwa saying Citizens Coalition for Change leader Nelson Chamisa has no chance of beating Mnangagwa in next year’s elections even if Mnangagwa decides to sleep from now until after the elections. In a series of tweets yesterday and on Sunday
- [Zimbabwe dollar down to $654.87 to the US dollar](https://insiderzim.com/zimbabwe-dollar-down-to-654-87-to-the-us-dollar/) - The Zimbabwe dollar today continued its slide against the United States dollar shedding $8.62 to land at $654.8651. The black market rates remained steady at $800 to $900 while offers at the auction ranged from $645 to $678. A total of US$15.3 million was allotted to 233 companies today with the bulk of US$13.9 million
- [Wings clipped- Zimbabwe companies say about tight monetary policy](https://insiderzim.com/wings-clipped-zimbabwe-companies-say-about-tight-monetary-policy/) - Authorities are toasting the slowdown in inflation as a victory for the central bank’s tight monetary policy, but reports by consumer companies show the damage the measures are having on spending. In July, the Reserve Bank of Zimbabwe (RBZ) raised interest rates to 200% and put a tight leash on money supply growth – even
- [Zimbabwe inflation down to 255%, MOM down to 1.8%](https://insiderzim.com/zimbabwe-inflation-down-to-255-mom-down-to-1-8/) - Zimbabwe’s annual inflation dropped from 268.8% in October to 255% in November while month-on-month inflation fell from 3.2% to 1.8%, according to the latest figures released by the Zimbabwe National Statistics Agency. United States economist Steve Hanke put it at 397% as of 17 November and even took a jab at the Zimstat boss Taguma
- [Zimbabwe produces record wheat crop. How did it do it?](https://insiderzim.com/zimbabwe-produces-record-wheat-crop-how-did-it-do-it/) - Zimbabwe says it has produced its largest ever wheat crop, as more farmers grew the grain and government expanded irrigation. Wheat farmers have delivered 326 687 tonnes to the Grain Marketing Board (GMB), against a season target of 380 000 tonnes, data shows. “As of November 25, wheat delivered to GMB depots stood at 326
- [Zimbabwe exemption permit case postponed to April next year](https://insiderzim.com/zimbabwe-exemption-permit-case-postponed-to-april-next-year/) - The Helen Suzman Foundation’s (HSF’s) challenge of Home Affairs Minister Aaron Motsoaledi’s decision to terminate the Zimbabwe exemption permit (ZEP), which was set down for today, will now be heard in April next year. The director of the foundation, Nicole Fritz, said a three-bench panel of judges would hear the matter when it resumed. “We
- [We still have people that think dogs are better than blacks](https://insiderzim.com/we-still-have-people-that-think-dogs-are-better-than-blacks/) - A Benoni, Johannesburg, woman says it is better to ban black men than pit bull dogs because the dogs are better than a back man. Bookkeeper Belinda Magor was responding to a message on a WhatsApp group in which she said black women's uteruses and ovaries should be removed so that they cannot procreate men
- [Is Jonathan Moyo on to something about Pachedu?](https://insiderzim.com/is-jonathan-moyo-on-to-something-about-pachedu/) - Exiled former Zimbabwe government minister Jonathan Moyo has just published a 24-point twitter thread where he provides proof that a twitter group going by the name of Team Pachedu which describes itself as “patriotic Zimbabwean citizens who strive to promulgate the culture of transparency, responsibility and accountability without any fear or favour,” was actually co-founded
- [Mnangagwa says his re-engagement policy is now paying off](https://insiderzim.com/mnangagwa-says-his-re-engagement-policy-is-now-paying-off/) - Zimbabwe President Emmerson Mnangagwa today said his policy of engagement and re-engagement is now paying off as the European Union, which imposed sanctions on the country at the turn of the century but has since lifted most of them, has for the first time in two decades given aid directly to the government. The United
- [Why passing the PVO Amendment Bill is so crucial for Zimbabwe](https://insiderzim.com/why-passing-the-pvo-amendment-bill-is-so-crucial-for-zimbabwe/) - The passing of the highly contested Private Voluntary Organisations Amendment Bill is crucial to Zimbabwe because the regulation of non-profit organisations using the risk- based approach is one of the three outstanding recommendations made by the Financial Action Task Force to make Zimbabwe fully compliant with the Anti-Money Laundering and Counter Financing of Terrorism Framework.
- [13-year-old, father of 9-year-old girl’s daughter](https://insiderzim.com/13-year-old-father-of-9-year-old-girls-daughter/) - A 13-year-old cousin of the Tsholotsho, Zimbabwe, 9-year-old-girl who gave birth to a daughter by caesarian section at United Bulawayo Hospitals on 14 November, is the father of the child, DNA tests have proved. The father of the girl was arrested in August after the young girl refused to say who had impregnated her but
- [Diaspora remittances to Zimbabwe to reach US$2 billion this year](https://insiderzim.com/diaspora-remittances-to-zimbabwe-to-reach-us2-billion-this-year/) - Remittances by Zimbabweans living abroad are projected at between US$1.9 billion and US$2 billion this year, Finance Minister Mthuli Ncube said in his 2023 budget statement this week. He said the remittances which stood at US$1.4 billion last year and US$1 billion in 2020, are expected to continue driving the current account surplus. The current
- [Britain reiterates it has no sanctions on Zimbabwe](https://insiderzim.com/britain-reiterates-it-has-no-sanctions-on-zimbabwe/) - The British government yesterday said that it had no sanctions on Zimbabwe but on five individuals so these sanctions did not affect the country’s healthcare or energy sectors. This was said by Andrew Mitchell, Minister of State in the Foreign, Commonwealth and Development Office in response to a question from Navendu Mishra who wanted to
- [Zimbabwe has more than 100 registered political parties whose leaders are unknown](https://insiderzim.com/zimbabwe-has-more-than-100-registered-political-parties-whose-leaders-are-unknown/) - Zimbabwe has 106 political parties that are registered with the Zimbabwe Electoral Commission whose leaders are unknown as the names were not provided. Forty-four others have named leaders making a total of 150. Some of the parties whose leaders were not provided include names like Busier Busier, G40, Long Walk to Freedom, Suffering Voices of
- [Are you aware that Tyson waBantu is actually a registered party?](https://insiderzim.com/are-you-aware-that-tyson-wabantu-is-actually-a-registered-party/) - Are you aware that Tyson WaBantu led by former cabinet minister Saviour Kasukuwere is actually a registered party? I wasn’t aware until I saw it on the list of registered political parties and their leaders released by Zimfact yesterday. The list, in the Zimbabwe Electoral Commission register as of 25 October 2022, has 44 political
- [Highlights of Zimbabwe’s 2023 budget](https://insiderzim.com/highlights-of-zimbabwes-2023-budget/) - Zimbabwe Finance Minister Mthuli Ncube picked an odd quote to cap off his 2023 national budget statement today. He quoted Mahatma Gandhi: “The future depends on what you do today.” But a more apt quote would have been from the plunderer Jack Sparrow in Pirates of the Caribbean: “Take what you can. Give nothing back”.
- [President Emmerson Mnangagwa State of the Nation Address, 23 November 2022](https://insiderzim.com/president-emmerson-mnangagwa-state-of-the-nation-address-23-november-2022/) - It is my singular honour and privilege to address this august House, marking the opening of the Fifth Session of the Ninth Parliament of Zimbabwe. This state of the art and majestic New Parliament Building here in Mt. Hampden, where we are gathered, is testimony of the strategic and comprehensive partnership and excellent fraternal relations
- [Zimbabwe dollar now down to $646.24 to the US dollar](https://insiderzim.com/zimbabwe-dollar-now-down-to-646-24-to-the-us-dollar/) - The Zimbabwe dollar today fell by $7.14 to average $646.2415 to the United States dollar. This was one of the biggest drops in recent weeks as the local currency was falling by $2 or $3 at each auction. Offers ranged from $635 to $673, still way below the $800 to $900 on the black market.
- [Senate could be stumbling block if Mnangagwa tries to call early elections](https://insiderzim.com/senate-could-be-stumbling-block-if-mnangagwa-tries-to-call-early-elections/) - The ruling Zimbabwe African National Union-Patriotic Front does not have the required two-thirds majority in the Senate that would enable it to call early elections should President Emmnersopn Mnangagwa decide not to wait until 27 July to 26 August next year when the country should hold its elections according to the constitution.. Mnangagwa would need
- [Zimbabwe among the 10 fastest growing countries in Africa in 2021](https://insiderzim.com/zimbabwe-among-the-10-fastest-growing-countries-in-africa-in-2021/) - Zimbabwe has been placed number 10 among the 12 fastest growing countries in Africa in 2021, according to insidermoney. Com, a finance website that provides free insider trading and hedge fund data to ordinary investors. It says it used data from the World Bank’s annual GDP growth 2021 list to compile its ranking of the
- [Ramaphosa to ask new British Prime Minister to lift sanctions on Zimbabwe](https://insiderzim.com/ramaphosa-to-ask-new-british-prime-minister-to-lift-sanctions-on-zimbabwe/) - When South African President Cyril Ramaphosa meets newly appointed UK Prime Minister Rishi Sunak this week, he will try to persuade him to have the sanctions imposed on Zimbabwe lifted. This is according to Ramaphosa's special adviser on international relations Maropene Ramokgopa, who said Zimbabwe's general elections in 2023 will form part of the agenda
- [Jonathan Moyo says Chamisa is unhelpable unsupportable - CCC has been infiltrated](https://insiderzim.com/jonathan-moyo-says-chamisa-is-unhelpable-unsupportable-ccc-has-been-infiltrated/) - Exiled former Higher Education minister, Jonathan Moyo, says Citizens Coalition for Change leader NelsonChamisa is unhelpable and unsupportable and has been abandoned by most of his lieutenants who are pretending to support him for their own personal gain. He said this in an interview with the Standard after being questioned about trying to infiltrate the
- [Jonathan Moyo showers praise on Mnangagwa spokesman George Charamba-  says Charamba’s article on his open letter to ZANU-PF is the first informed, must read commentary](https://insiderzim.com/jonathan-moyo-showers-praise-on-mnangagwa-spokesman-george-charamba-says-charambas-article-on-his-open-letter-to-zanu-pf-is-the-first-informed-must-read-commentary/) - Jonathan Moyo, the exiled former Higher Education Minister, has showered praise on President Emmerson Mnangagwa’s spokesman George Charamba over his article in yesterday’s Herald under pen name Jamwanda which was devoted to Moyo and former President Robert Mugabe’s nephew Patrick Zhuwao’s open letter to ZANU-PF.. “This is the first informed, informing, substantive and must read
- [Mnangagwa promises to improve doctors salaries, give free land for medical parks](https://insiderzim.com/mnangagwa-promises-to-improve-doctors-salaries-give-free-land-for-medical-parks/) - Zimbabwe President Emmerson Mnangagwa has promised to improve the salaries of local doctors to stop the current brain drain and will offer free land to those who intend to set up medical parks. Writing in his weekly column in the Sunday Mail, Mnangagwa said: “We have to competitively reward our doctors in order to guarantee
- [United States investor declines to shed more light on the Boustead Beef deal](https://insiderzim.com/united-states-investor-declines-to-shed-more-light-on-the-boustead-beef-deal/) - United States investor, Ethos Asset Management Inc, has declined to give details about its deal with Boustead Beef which entered into an agreement with the government more than three years ago to revive the Cold Storage Company. Ethos announced on 1 November that it had agreed a long-term financing partnership with Boustead Beef for the
- [Child pregnancies: Chiwenga says don’t just focus on the victims, deal with the perpetrators](https://insiderzim.com/child-pregnancies-chiwenga-says-dont-just-focus-on-the-victims-deal-with-the-perpetrators/) - With the number of children under 10 that are getting pregnant on the increase, Vice-President Constantino Chiwenga, who is also the Minister of Health, has called on society not to just focus on the victims but to deal with the perpetrators as well. He said this in Parliamernt just before it adjourned to next Tuesday
- [Mnangagwa spokesman dismisses Jonathan Moyo and Zhuwao’s apology to ZANU-PF- says it could even be subversive and hostile](https://insiderzim.com/mnangagwa-spokesman-dismisses-jonathan-moyo-and-zhuwaos-apology-to-zanu-pf-says-it-could-even-be-subversive-and-hostile/) - President Emmerson Mnangagwa’s spokesman George Charamba has dismissed an open letter by former ministers Jonathan Moyo and Patrick Zhuwao in which they apologised for campaigning against the ruling Zimbabwe African National Union-Patriotic Front through the hashtag “#ZANUPFmust Go”. Writing in his weekly column under Jamwanda, Charamba said the open letter, which was posted on 15
- [Zimbabwe elections to be held between 27 July and 26 August 2023, but they can be held earlier if……………….](https://insiderzim.com/zimbabwe-elections-to-be-held-between-27-july-and-26-august-2023-but-they-can-be-held-earlier-if/) - Zimbabwe will hold its next general elections between 27 July and 26 August next year, according to the constitution which says that elections must be held not more than 30 days before the end of the President’s five-year term. President Emmerson Mnamgagwa was sworn in on 26 August 2018 after the Constitutional Court dismissed an
- [Did Chamisa support Zimbabwe’s re-admission to the Commonwealth?](https://insiderzim.com/did-chamisa-support-zimbabwes-re-admission-to-the-commonwealth/) - Citizens Coalition for Change leader Nelson Chamisa is reported to have given the visiting Commonwealth delegation a damning report on Zimbabwe’s re-admission to the club but a statement issued by the assistant secretary-general Luis Franceschi, who was the leader of the delegation, said all the stakeholders that the delegation met supported Harare’s re-admission. According to
- [Jonathan Moyo says CCC “Change champions” can shout all they want- his apology to ZANU-PF stands](https://insiderzim.com/jonathan-moyo-says-ccc-change-champions-can-shout-all-they-want-his-apology-to-zanu-pf-stands/) - Exiled former Higher Education Minister Jonathan Moyo, who together with former President Robert Mugabe’s nephew Patrick Zhuwao on Tuesday apologised for launching a ZANU-PF must-go-campaign, today said Citizens Coalition for Change “change champions” can blast him all they want but his apology to ZANU-PF stands. Moyo and Zhuwao posted a three-page apology to the ruling
- [Zimbabwe expecting 5 million tonnes of crops this coming season](https://insiderzim.com/zimbabwe-expecting-5-million-tonnes-of-crops-this-coming-season/) - Zimbabwe is expecting a yield of 4 928 260 tonnes for all crops from 3 950 283 hectares this coming season, acting Information Minister Sekai Nzenza said in a post-cabinet briefing yesterday. The crops will be financed through various schemes including Presidential Inputs Support (Pfumvudza/Intwasa) Programme, the National Enhanced Agricultural Productivity Scheme (NEAPS), Agricultural Rural
- [Zimbabwe’s smallest gold coin kicks off at US$185.73](https://insiderzim.com/zimbabwes-smallest-gold-coin-kicks-off-at-us185-73/) - Zimbabwe yesterday introduced smaller gold coins meant for ordinary citizens but the smallest coin, a 0.10 ounce coin, kicked off at US$185.73 which was $123 35.46. The introduction of gold coins in July helped stabilise the local currency and curbed inflation though the black market rate has started sliding and is now put at $900
- [Zimbabwe dollar sheds $2.89 to average $639.10 to the US dollar](https://insiderzim.com/zimbabwe-dollar-sheds-2-89-to-average-639-10-to-the-us-dollar/) - The Zimbabwe dollar today shed $2.89 to average $639.1003 to the United States dollar but the gap with the black market rate widened to $800 for cash, $870 for mobile money, and $900 for swipe. It is not clear what is pushing the blackmarket rate as the central bank has maintained its strict monetary measures
- [Zimasco shuts down furnaces over ZESA  tariffs as Caledonia switches to solar](https://insiderzim.com/zimasco-shuts-down-furnaces-over-zesa-tariffs-as-caledonia-switches-to-solar/) - Ferrochrome producer Zimasco shut down its smelter after the authorities cut power because of a dispute over tariffs. The company, a unit of Sinosteel, is in talks with the Zimbabwe Electricity Transmission Distribution Company to end the standoff, says spokesperson Clara Sadomba. “We are confident the situation will be resolved soon and power will be
- [Zimbabwe defies gravity to join the big boys in space](https://insiderzim.com/zimbabwe-defies-gravity-to-join-the-big-boys-in-space/) - Zimbabwe, which launched its first satellite on Monday, is now a young nation defying gravity to join the big boys in exploiting the hitherto exclusive space economy, President Emmerson Mnangagwa said today. Because of this remarkable achievement brought about by the country’s adoption of Education 5.0, the President said no Zimbabwean with ideas and keen
- [Zimbabwe lands minister misleading Mnangagwa about revival of CSC](https://insiderzim.com/zimbabwe-lands-minister-misleading-mnangagwa-about-revival-of-csc/) - Zimbabwe Lands and Agriculture Minister Anxious Masuka could be misleading President Emmerson Mnangagwa about the revival of the Cold Storage Company, as it is once again now clear that Boustead Beef has no capacity to resuscitate the country’s largest meat processor. Workers blame Masuka for the company’s debacle because they say that as a former
- [China and US now account for half the world’s household wealth](https://insiderzim.com/china-and-us-now-account-for-half-the-worlds-household-wealth/) - China and the United States now account for half of the world’s household wealth with the United States at 31.5% and China at 18.4%. According to Visual Capitalist,personal wealth differs slightly from using Gross Domestic Product as a measure, where the US and China make up 24% and 19% of the world economy in nominal
- [Beitbridge border project a cash cow for South African construction company](https://insiderzim.com/beitbridge-border-project-a-cash-cow-for-south-african-construction-company/) - Raubex, the JSE-listed construction company that is building the new Beitbridge Border Post, says the project was one of the biggest contributors to what it says is its best-ever half-year results. The border post section of the Beitbridge project will be done by the end of this month and the whole project in April next

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