Articles tagged 'unemployment'

Govt threatens crackdown on fake economy news 28 September 2017 HARARE - Government will launch a crackdown on social media as part of a campaign against fake news and the spreading of rumours on shortages of basic goods and foreign exchange meant to cause alarm in the country, Finance minister Patrick Chinamasa said yesterday. “We will take necessary meas...
Zim far from it: WEF 28 September 2017 HARARE - Zimbabwe is “far” from improving its 'ease of doing business', the World Economic Forum (WEF) has said, as it once again ranked the nation among countries with poor global competitiveness in its latest ratings. It said actually, the prevailing economic environment has “made it harder”...
Poor citizens are subsidising the rich 27 September 2017 HARARE - Does it make sense for government to pay an extremely generous $390 for a tonne of grain delivered to perennial loss-maker Grain Marketing Board (GMB), from the taxpayer's pocket, and selling that same tonne to millers for $250? In Zambia, that same tonne is going for $100 — nearly th...
Mugabe's govt presses panic button 26 September 2017 HARARE - Feeling the heat of the country's worsening economic crisis, the government has pressed the panic button — threatening a savage clampdown on the media and pro-democracy groups in its desperate bid to quell any possible trouble. This comes as jittery Zimbabweans continue to besiege sho...
'Zanu PF rotten apples causing economic crisis' 26 September 2017 HARARE - President Robert Mugabe yesterday alleged that some “rotten apples” in his ruling Zanu PF party are behind the crippling shortages of basic commodities that has resulted in a sharp spike in prices. Mugabe, who spoke just after touching down at the Harare International Airport from the...
We have been saying it 26 September 2017 HARARE - Last week, the Daily News published a comment urging President Robert Mugabe’s administration to urgently act decisively and sincerely on the worsening cash shortages and the deepening economic crisis. The message was one of countless ones relayed by the newspaper in the interest of t...
Cde Chombo, Zim is on the brink 26 September 2017 HARARE - President Robert Mugabe's government is so predictable: when it is exposed for its gross failings, it responds by using either knee-jerk reaction or threats against purveyors of truth — usually the country's independent media. Part of the reason why our government behaves in such a ma...
Zim in crisis! 25 September 2017 HARARE - In a shocking move, police yesterday arrested outspoken cleric Evan Mawarire as he conducted a church service — fuelling fears that authorities are now in full panic mode over the country's collapsing economy and the growing talk of imminent socio-political upheaval in urban areas. Ma...
Zim now back to 2008 doom 24 September 2017 HARARE - Experts have issued a fresh warning that the country is now a touch away from an economic disaster similar to the meltdown of 2008 when local inflation hit world record levels and supermarket shelves went empty for months on end. This comes as there is growing panic among jittery Zimb...
Politics, economics: Bane of Zim's socio-economic prospects (Part 1) 3 September 2017 HARARE - A recent report on Zimbabwe authored by the International Monetary Fund (IMF) creates the impression that efforts of the economic team driving the country’s revival agenda are being undermined by political circumstances. It notes that this economic team was forced to pay the 13th cheq...
One in 14 Zimbos ready to ditch country 17 August 2017 HARARE - One in 14 Zimbabweans would consider taking a break from the country and moving abroad, according to a new survey from Afrobarometer. In interviews of adult Zimbabweans between January 28 and February 10, 2017, the research network gathered that the majority of locals who were plannin...
Populism killing Zim recovery prospects 4 July 2017 HARARE - It is apparent the President Robert Mugabe administration's populist tendencies and reluctance to implement reforms is increasingly creating headaches for his government. This is proved by latest revelations by the Finance ministry's accountant-general, Daniel Muchemwa, on the state o...
Struggling Zimbos yearn another debt write-off 2 July 2017 HARARE - Despite the writing-off of all residents' bills to local authorities countrywide — at the instruction of Zanu PF ahead of the 2013 elections — Zimbabweans' debts to councils for water and utilities remain a nightmare. While the debt cancellation was widely viewed as a campaign gimmick...
'Zim economic revival possible' 25 June 2017 HARARE - In this week's instalment of Women on Top — a new column that celebrates women in top positions — our deputy business editor Ndakaziva Majaka caught up with State fixed phone operator TelOne's managing director and seasoned manager, Chipo Mtasa. Mtasa attended Goromonzi High School be...
Mugabe must provide jobs for all 26 May 2017 EDITOR — President Robert Mugabe has failed to create jobs for youths in Zimbabwe, but for his son in-law Simbarashe Chikore and his daughter, Bona, he has successfully managed to do that. Out of 2,2 million jobs promised it seems only two have been created and with only a year left, Mugabe ha...
Economic revival focus of MDC policy indaba 15 May 2017 HARARE - Morgan Tsvangirai's MDC is set to hold a conference to unveil its policies ahead of next year's much anticipated elections, party vice president Nelson Chamisa has said. He told a Sapes policy dialogue forum in Harare last week that they have “polished up our policy documents because ...
Life on the margins in Epworth 14 May 2017 HARARE - Maggots feast on faecal matter in Epworth as children play close by, apparently oblivious of the health implications. Elsewhere in this dirt-poor place, a toilet collapses with a resident inside, while a shallow well also caves in while people are fetching water. All these incident...
'Escalating Zim crises point to disaster' 12 May 2017 HARARE - Zimbabwe's escalating crises point to disaster, with a majority of the long-suffering masses saying the country's economy is now in a “very bad” state, analysts have warned. They said the lurching from one crisis to another proves that authorities could “play tricks with politics, but...
Economy growing despite cash crisis: Mnangagwa 12 May 2017 HARARE - Zimbabwe's economy is growing, despite the myriad problems — including a deepening cash crisis — dogging the country, Vice President Emmerson Mnangagwa told the National Assembly on Wednesday. He said the growth is driven by a better than expected agriculture season and a boost in min...
Mugabe slammed over 'Zim second to SA' remark 5 May 2017 HARARE - Opposition parties yesterday slammed President Robert Mugabe and demanded his immediate resignation after he ridiculously claimed that Zimbabwe is only second to South Africa (SA) in terms of development on the continent. The recently turned 93 leader, whose government is accused of d...
Worker's Day: Zim mourns death of industry 4 May 2017 HARARE - Zimbabwe this week joined the rest of the world in commemorating Workers’ Day celebrated worldwide on May 1 as unemployment in the country hovers at a staggering 90 percent. When Zimbabwe gained independence in 1980, the new leadership inherited a vibrant industry that employed millio...
Harare council attaches defaulters' property 3 May 2017 HARARE - Harare City Council has begun attaching property of debtors as part of efforts to improve its revenue collection. The attachments come after the local authority contracted debt collectors to recover more than $600 million it is owed by residents, businesses, industry and government de...
Register to vote, Tsvangirai tells workers 1 May 2017 HARARE - Opposition leader Morgan Tsvangirai has rallied suffering workers to go and register for next year’s elections — telling them it’s the only route to restore their dignity and values eroded by the current economic crisis. Tsvangirai, a former labour union leader during the 1990s, lamen...
Dying Zim economy a 'ticking bomb' 30 April 2017 HARARE - Long-suffering Zimbabweans have laid into President Robert Mugabe's misfiring government, warning that the country's dying economy, worsening cash shortages and rising poverty levels are “a ticking time bomb” that now requires emergency measures. This comes as the country's usually re...
MDC plan 'will create $100bn economy' 30 April 2017 HARARE - Our staff writer Blessings Mashaya speaks to the opposition MDC shadow Finance minister Tapiwa Mashakada. Below are excerpts of the interview. Q: Do you think Finance minister Patrick Chinamasa has done enough to solve the country's economic problems and the current cash shortages? ...