Zimbabwe owes US$200 million to foreign fuel suppliers, making new imports difficult as the companies require cash up front, Energy Minister Fortune Chasi and central bank governor John Mangudya have said.  Zimbabwe is facing...
Finance Minister Mthuli Ncube on Wednesday faced MPs’ questions on the economy, in a session marked by a new round of heated policy debate with Tendai Biti, a former Finance Minister. Highlights:...
Tanzania’s stay-at-home President John Magufuli has extended his visit to Zimbabwe and offered to sell some of his country’s surplus grain to the drought-hit southern African country, officials close to ongoing discussions said on Wednesday.
Zimbabwean police did not arrest anyone for drunk driving for more than a year, as road accidents went up by about 25% over the period, official statistics show. The failure to make any arrests...
Zimbabwe has recorded a notable rise in crime, with housebreaking, robbery and theft increasing by close to 50% over the past two years, as economic conditions have worsened, official statistics show. Data prepared by...
Exporters are holding on to more than US$1 billion, amid biting foreign currency shortages in the country, Finance Ministry permanent secretary George Guvamatanga revealed on Tuesday, but government hopes the central bank’s intervention on the forex market...
ZimRe Holdings says it will assert its 49% interest in state-run bus company Zupco, after government indicated the shareholding, which it values at $250 million, was up for sale. Government has announced plans to...
Finance Minister Mthuli Ncube’s statement to Parliament on Wednesday was short on details of how government intends to tackle the multiple crises buffeting the economy. He, however, presented new budget and GDP figures, following...
White former farmers dispossessed under the Zimbabwe government’s land redistribution would accept land instead of cash as compensation for their loss, a senior Commercial Farmers Union (CFU) official has said. About 4,000 farmers were...
Delta Corporation recorded declines across its beverage lines, with soft drinks being the hardest hit, in a turbulent final quarter of its 2019 financial year. The company has struggled to source foreign currency for...
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