Zimbabwe News Owls
ACTING Auditor-General Rhea Kujinga has revealed that misgovernance nearly doubled in State-owned enterprises (SoEs) and parastatals last year. She highlighted this in her report titled Report of the Auditor-General on…
DIVERSIFIED firm, Zimplow Holdings Limited (Zimplow) is in the process of insulating itself against the El Niño-induced drought and softening mineral prices, as these challenges will negatively impact its bottom…
THE Reserve Bank of Zimbabwe (RBZ) has disbursed ZiG46 million in notes and coins to the banks, with the financial institutions only releasing 30% to the market amid a cash…
DAILY trades at the Zimbabwe Stock Exchange (ZSE) have dropped by 92% to 80 due to restrictive taxes in the capital markets, the bourse’s chief executive officer Justin Bgoni said…
CIVIC society in Africa is facing shrinking spaces to raise domestic resources, as private sector investment is being crowded out, it emerged at the recent African Development Bank’s (AfDB) annual…
FOOD security initiative, the Famine Early Warning Systems Network (FewsNet) says while the Zimbabwe Gold (ZiG) currency has brought some stability, United States dollar prices remain high. The ZiG replaced…
The government has praised National Foods Limited (NatFoods) for its investments in projects aimed at reducing the country’s high import expenses. NatFoods has allocated nearly US$16 million to various factory…
THE Consumer Council of Zimbabwe (CCZ) says the Zimbabwe Gold (ZiG) currency has brought more “challenges” for consumers than those they faced prior to its introduction, because people are failing…
Zimbabwe recorded a trade deficit of US$184.3 million last month, a 117.8 percent decline compared to US$84.6 million in February, according to data released by the Zimbabwe National Statistics Agency…
Retail outlets commonly known as ‘China shops,’ which offer a range of inexpensive goods like kitchenware, clothing, electronics, and cleaning products, are exclusively accepting US dollar cash payments. They are…
Gweru-based business magnate, Ambassador Smelly Dube has been selected as a candidate for an Honorary Professor of Mining and Industrial Development by a London-based EL Roi London University.
VICE-PRESIDENT Constantino Chiwenga yesterday warned currency speculators and singled out the retail sector, threatening to shut down supermarkets if they are suspected of sabotaging the new Zimbabwe Gold (ZiG) currency.…
AUSTRALIAN energy firm, Invictus Energy has signed an agreement with Dallaglio Investments and Himoinsa Southern Africa Proprietary for a gas-to-power project to supply electricity to Eureka Gold Mine. Eureka Gold…
It was a sunny April 5when suddenly a dark cloud of déjà vu hovered all over Zimbabwe following the announcement of the new currency, ZiG, by the Reserve Bank of…
Dr. John Mushayavanhu, the new head of the Reserve Bank of Zimbabwe (RBZ), surprised many on Thursday when he revealed that, despite previous claims, the bond notes and Zimbabwe dollar…
Finance, Economic Development, and Investment Promotion Permanent Secretary George Guvamatanga announced that all Government ministries, departments, and agencies will soon be mandated to accept ZiG payments. This directive comes amidst…
‘Business entities including commuter omnibuses, shops, fresh vegetable markets, and vendors, are advised to continue accepting payment in ZW$ notes until April 30, 2024’ HARARE – The Reserve Bank of…
RESPECTED businessman and economist, Nigel Chanakira, says the new Reserve Bank of Zimbabwe governor John Mushayavanhu must assert himself as an independent central banker to stabilise the local currency. For…
GOVERNMENT plans to establish a mine-to-energy industrial park in Mapinga, Mashonaland West province, as it seeks to value add and beneficiate lithium. During post-Cabinet briefing yesterday, Information, Publicity and Broadcasting…
RESPECTED businessman and economist Nigel Chanakira says acceptance of the new currency, Zimbabwe Gold (ZiG), will be difficult given that the majority still prefer the greenback. The Reserve Bank of…