Articles tagged 'economy'

ED warns forex dealers fuelling Zim's economic turmoil 22 October 2018 HARARE - President Emmerson Mnangagwa has moved a step closer towards dealing decisively with unscrupulous Zanu PF bigwigs and businesspeople who are involved in the illegal trading of foreign currency in the country. [Adz] [GoogleAd]
Zim slips in Wef's rankings 19 October 2018 HARARE - The US remains the world's most competitive economy, whilst Zimbabwe has fallen from 124th to the 128th, according to the World Economic Forum (Wef)'s annual rankings issued this week. The Wef said Zimbabwe slipped in the ranking due to worsening infrastructure, a weakening of the cou...
'Govt will defend wages' 15 October 2018 HARARE - President Emmerson Mnangagwa says he is fully aware of challenges monetary and fiscal measures have posed and government is working flat out to protect consumers, defend wage values and secure savings. This comes after Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe governo...
Struggling Zimboz need a reprieve 14 October 2018 HARARE - Todays' Asian tigers, China included were nonentities when we attained independence in 1980 with Singapore a laughing stock. Thirty years on, these nations have ushered in sound economic policies that raise the standard of living for their people and have become global players of note. ...
No to GNU talks — Chamisa 10 October 2018 HARARE - MDC leader Nelson Chamisa says he will not be “tricked” into a government of national unity (GNU) like what happened with the party's founding president, Morgan Tsvangirai, in 2008. Chamisa poured cold water on sentiments that he must smoke a peace pipe with President Emmerson Mnangag...
Talk to Chamisa to spur economy, ED urged 8 October 2018 HARARE - With the country's economy continuing to haemorrhage badly despite the government's best efforts, analysts and ordinary citizens are urging President Emmerson Mnangagwa to engage opposition leader Nelson Chamisa (pictured)to stem an economic “Armageddon” similar to 2008. Among the pro...
Economy must move towards normalcy now 8 October 2018 HARARE - The Zimbabwean economy has been a subject for discussion for decades now as it continues its slide into the abyss. Following the July 30 harmonised elections, a lot has been said about the best post-poll arrangement with some pushing for an inclusive government similar to the one that...
Yes, I bought a €4m Bugatti - Buyanga 7 October 2018 HARARE - Our news editor Gift Phiri sits down for a wide-ranging interview with 39-year-old businessman Frank Buyanga. Find below excerpts of the interview. Q: I understand you commenced your entrepreneurial career in the United Kingdom in 1998 at the tender age of 18. Could you share a little...
Beware of 2008, ED warned 2 October 2018 HARARE - As Zimbabwe's economy continues to come apart at the seams, experts say it is time for President Emmerson Mnangagwa and his dithering lieutenants to bite the bullet and make the requisite changes needed to turn around the untenable situation. If this doesn't happen as a matter of ur...
Beware of 2008, President Mnangagwa warned 2 October 2018 HARARE - As Zimbabwe's economy continues to come apart at the seams, experts say it is time for President Emmerson Mnangagwa and his dithering lieutenants to bite the bullet and make the requisite changes needed to turn around the untenable situation.
Zim urgently needs $4bn bailout package 9 September 2018 HARARE - Zimbabwe needs up to $4 billion to avert a looming currency crisis that could unleash economic havoc, with the new Cabinet urged to take tough decisions to increase confidence in the economy. President Emmerson Mnangagwa on Friday appointed former banker Mthuli Ncube as Finance minist...
Economy burns as parties fight 13 August 2018 HARARE - It is a crying shame that Zimbabwe's political stalemate, in the wake of the hotly-disputed July 30 presidential poll, has pushed the urgent need for the country to fix its ailing economy on the back-burner — as price hikes and severe shortages of cash, foreign currency and fuel continue...
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...