Articles tagged 'economy'

Zimbabwe must work again 7 July 2018 HARARE - The last few weeks heading into this month, have seen some shades of the gloom and doom which once characterised Zimbabwe and its people during the hyperinflationary era — a period which forever will be rightly used to highlight former president Robert Mugabe's ruining the once prosperou...
Prices of basic goods shoot up 1 July 2018 HARARE - Prices of basic consumer goods have gone up sharply over the past few weeks, on the back of worsening foreign currency shortages in the country. At the same time, experts warn that the price increases are set to continue beyond the July 30 national elections — as the insatiable demand...
'Zim situation worsening' 30 June 2018 HARARE - Zimbabwe’s situation — economic downturn, youth unemployment, corruption, human rights abuses and poor service delivery — has worsened over the past five years, a survey has revealed. According to the survey — conducted by Magamba Network in conjunction with Citizens Manifesto and the...
ED claims economy is recovering 1 June 2018 HARARE - President Emmerson Mnangagwa’s, spokesperson, George Charamba, has claimed that the economy is recovering, suggesting the ongoing cash and fuel shortages were symptoms of an upsurge in purchasing power arising from a growth streak likely to continue thanks to improving domestic demand. ...
ED's forex looters list a big joke 20 March 2018 HARARE - President Emmerson Mnangagwa's government yesterday released the long-awaited list of companies and individuals alleged to have failed to return $827 million stashed abroad following the expiry of a 14-week-long amnesty, the Daily News can report. Read full story in today's paper. ...
Mnangagwa's vision shallow: Mutambara 19 March 2018 HARARE - Zimbabwe's former deputy prime minister, Arthur Mutambara, last week slammed newly-installed President Emmerson Mnangagwa, saying his national vision lacked depth and substance. The robotics professor and Oxford scholar even went on to declare on Twitter that there is no new dispensat...
Zim's credit rating improves 8 March 2018 HARARE - Respected South Africa-based economic research firm NKC African Economics (NKC) yesterday upgraded Zimbabwe’s sovereign credit rating or ability to borrow money for the first time in nearly 20 years, saying continued progress on economic and institutional reforms would boost the country’...
'Mnangagwa has failed' 1 March 2018 HARARE - In spite of claims by President Emmerson Mnangagwa that his first 100 days in office have been successful, analysts are not convinced, citing the plight of the long-suffering majority of Zimbabweans which has remained unchanged. Mnangagwa was installed president on November 24, 2017 a...
'ED has failed' 1 March 2018 HARARE - In spite of claims by President Emmerson Mnangagwa that his first 100 days in office have been successful, analysts are not convinced, citing the plight of the long-suffering majority of Zimbabweans which has remained unchanged. Read full story in today's paper. [Adz]
Govt fails to pay bonuses 21 February 2018 HARARE - Civil servants are fretting over government's delay in paying them their 2017 bonuses, two months into 2018. Civil servants' unions who spoke to the Daily News yesterday said most government workers had given up hope of getting paid their 2017 bonuses, accusing the re-elected Cecilia ...
Chiwenga tasked to deal with price hikes 11 January 2018 HARARE - The ruling Zanu PF party has set up an ad-hoc committee led by Vice President General Constantino Chiwenga (retired) to deal with the thorny issue of skyrocketing prices. The party's spokesperson Simon Khaya Moyo said the committee, whose other members were not revealed to the media, ...
ED calls for crisis meeting over prices 29 December 2017 HARARE - President Emmerson Mnangagwa has called for a crisis meeting with business leaders to try and find a solution to high prices placed on basic commodities which have triggered an outcry from long-suffering consumers. Mnangagwa, who is largely viewed as pro-business in his approach has, ...
Zim business confidence down 20 December 2017 HARARE - Business confidence in Zimbabwe was at an all-time low in the third quarter as a result of political uncertainty, poor economic performance, policy confusion and a general lack of leadership, a Confederation of Zimbabwe Industries latest survey shows. The composite business confidence...
Profiteering culture must stop, now 19 December 2017 HARARE - Hard-pressed Zimbabweans have once again been hit by a wave of massive price increases. According to a snap survey by this paper, prices of basic commodities — rice, chicken and beef, among many other needs — have gone haywire, rising by between two and 125 percent within a month. ...
Let's get Zim to work again 24 November 2017 HARARE - The 21st of November will go down in memory lane as one of the most important days in the history of independent Zimbabwe. It's a day long-serving president, Robert Mugabe, left office under pressure from sectors that for so long had been the centrifugal forces coalescing around him to d...
ED's first 100 days as president 23 November 2017 HARARE - Incoming President Emmerson Mnangagwa is inheriting a deeply-divided nation which needs reconciliation and healing, analysts contend adding that the former vice president has a huge task establishing a new political and socio-economic dispensation. In wide ranging interviews with Dail...
I'm a servant of the people - Mnangagwa 22 November 2017 HARARE - Zimbabwe's President-designate Emmerson Mnangagwa returned to the country from exile today before going on to address a crowd at the Zanu PF HQ where he promised to be a “servant of the people”. Mnangagwa, 75, will be sworn in as Zimbabwe's second president on Friday taking over from ...
Please God, help Zimbabwe 21 November 2017 HARARE - At 93 years, what else does President Robert Mugabe want to achieve which he hasn't, whether right or wrong? That was the question on the lips of many Zimbabweans on Thursday when the veteran former Zanu PF leader played hardball in his talks with the mediation team that involved envo...
Zim woes need pragmatic, well-coordinated approach 21 November 2017 HARARE - Zimbabwe seems to be a peculiar country. It is full of drama. For a long time now, it has gone through endless troubles — lurching from crisis to crisis. As the dust seemed to settle following the panic buying and hoarding of basic goods a month ago, with spooked long-suffering ...
Should Mugabe account for past crimes? 20 November 2017 HARARE - Anaysts are divided on whether President Robert Mugabe should be prosecuted for past crimes, committed during his 37 years in power, in the event that he resigns or is pushed out. During his time as president, Mugabe master-minded the Gukurahundi massacres and the infamous 2005 Operat...
Zim is not the banana republic of western fancy 20 November 2017 HARARE - On Friday, an office worker at a government building took down President Robert Mugabe’s portrait to dust it, as she has done every day for years. Then she paused, unsure whether to put it back up. The portrait is everywhere, from supermarkets, offices and banks. There he is — M...
Tackle root cause, not symptoms 14 November 2017 HARARE - Zimbabwe's celebrated music superstar, Oliver Mtukudzi, has a popular song titled Handiro Dambudziko, which has lyrics that go — Kushingirira kurapa mhopo pamusana...mhopo iripamusana iwe uneziso rinembonje. Translated to English, this means putting much effort in curing the symptom b...
Stop fighting, create jobs 13 November 2017 EDITOR — We know and appreciate that our economy is on its knees but I am sure our government can  find ways to ensure that every Zimbabwean citizen especially our youths are fully empowered as we face many challenges everyday in order to survive and fend for the families. Because of our econo...
Students vow to confront Mugabe 12 November 2017 HARARE - Tertiary students — represented by the Zimbabwe National Students Union (Zinasu) — have vowed to confront President Robert Mugabe over their deplorable welfare at the Zanu PF interface rally to be held in the capital next week. If denied to speak at the event, Zinasu said they will pe...
'Economy remains Zanu PF's greatest opposition' 10 November 2017 HARARE - Residents of Mbare hostels have jerked up the Harare City Council (HCC) after they ran a staggering $500 000 electricity bill in one month — prompting the local authority to revive plans to introduce pre-paid meters — months after the same community had rejected them. The hostels whic...