The Americans may not have been too pleased with Zimbabwe’s 2018 election, but one American company profited from it. Ipsidy, a New York-based firm that specialises in biometric identification technology, earned the majority of its revenue from a controversial deal...
Invictus Energy, listed on the Australian Stock Exchange, will start drilling an exploration oil well at its Muzarabani prospect in 2020, President Emmerson Mnangagwa announced Thursday. The drilling will be at a cost of $20 million, the President said at...
On Wednesday, October 31, Finance Minister Mthuli Ncube presented a ministerial statement on the state of the economy, and debated MPs in Parliament. Below is a Hansard transcript of part of the debate, where former Finance Minister Tendai Biti and...
THE 585 kilometre Harare-Beitbridge highway, the country’s busiest and most economically strategic, was completed in 1960, with a 20-year lifespan. By the time Jonah Moyo and Devera Ngwena popularised ‘Masvingo neCarpet’, supposedly extolling the highway through the 1986 Volume 10...
Reserve Bank of Zimbabwe governor John Mangudya will have his term extended when his current term ends next year, presidential spokesman George Charamba has said. Mangudya took office on May 1, 2014, replacing Gideon Gono, and his current term ends...
The top US diplomat for Africa on Tuesday voiced cautious optimism over economic reforms in Zimbabwe, but said America wanted to see “concrete” steps on pledges of reform.  Tibor Nagy, the assistant secretary of state for African affairs, said that...
AS Zanu-PF’s long-serving chief whip, Joram Gumbo came across as a tidy, backroom operator, quietly but efficiently pulling the strings for his party in Parliament. But his scrapbook in government since his appointment as minister three years ago has...
It’s a balmy November night in Harare’s leafy Gunhill neighbourhood when Ameerh Naran’s mobile phone rings. The caller is the son of Emmerson Mnangagwa, Zimbabwe’s then-vice president. He wants Naran to help his father escape the country. President Robert Mugabe...
THE Confederation of Zimbabwe Industries (CZI), the country’s main business representative body, has come out in support of government’s 2% tax on electronic payments after initially opposing the unpopular revenue measure. The tax, announced by Finance Minister Mthuli Ncube on...
THE central bank this week allocated US$6.7 million to the local pharmaceutical industry for crucial imports, but the amount falls far short of requirements. Many pharmacies closed shop following the market turmoil triggered last week by pronouncements on currency and...
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