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Articles by De-Dollarization Move
Zimbabwe: Power Cuts Pose Threats to DStv Subscriptions
By Lovejoy Mutongwiza The incessant power cuts which have seen the country going for more than 18 hours per day without electricity are posing a huge threat to local industries and service providers with MultiChoice Zimbabwe reporting that the bulk of its customers are pulling out of its DSTV service. DSTV account holders who spoke to this publication say they will only start paying when the power situation has normalised as their monies will go down the drain.
Zimbabwe: Magistrate Takes Presidential Special Prosecuting Unit to Task Over Corruption Cases
By Shorai Murwira Harare Magistrate Nyasha Vitorini yesterday accused President Emmerson Mnangagwa's Special Prosecuting Unit for not taking corruption cases in the courts seriously. The Special Prosecuting Unit was put in place by President Mnangagwa to improve efficiency in the fight against all forms of graft and to strengthen the effectiveness of national mechanisms in the prevention of corruption.
Zimbabwe: Zim Power Blackouts Trigger Turmoil in Telecom Sector
Zimbabwe's mobile network connectivity was in a bad state over the last weekend, with callers and the transacting public reporting challenges in making calls and getting mobile money transactions to go through. The disruptive service unavailability comes at a time mobile money services are playing a key inclusive role of bridging the financial divide by providing services to those who have no access to formal banking systems.
Zimbabwe Rugby Union Announces Women's National Team to Face Zambia
Zimbabwe Rugby Union has announced the squad for the Women's national team that will face Zambia Women tomorrow at the Machinery exchange Stadium at Harare Sports Club. The squad features 10 players who played in the Zimbabwe Under-20 Women's bilateral series against South Africa and three players who played in the Zimbabwe Under-18 Craven week side that finished second in the competition.
Zimbabwe: Job Sikhala Granted ZWL$5,000 Bail
Photo: VOA Opposition politician Job Sikhala (file photo). Masvingo High Court judge, Justice Neville Wamambo has granted opposition MDC Vice Chairperson Job Sikhala RTGS$5 000 bail. Sikhala was ordered to pay it at Bikita Magistrates Court, handover his passport as part of his bail conditions.
Zimbabwe: Full List of Zacc Commissioners
Below is the full list of the Zimbabwe Anti-Corruption Commission (ZACC) Commissioners sworn in by President Emmerson Mnangagwa at the State House today. Jessie Fungayi Majome John Makamure Mabel Ndakaripa Hungwe Gabriel Chaibva Tandiwe Thando Mlobane Frank Muchengwa Micharil Dennis Santu Kuziva Phineas Murapa
Zimbabwe: State Requests Sikhala to Deposit $50 000 As Part of His Bail Conditions
Photo: VOA Opposition politician Job Sikhala (file photo). The state has made a shocking request that the incarcerated MDC deputy chairperson Job Sikhala deposits ZWL$50 000 as well as be barred from addressing political gatherings as part of his bail conditions, the Zimbabwe Lawyers for Human Rights has revealed. Sikhala is currently appearing at the Masvingo High Court where his lawyers made an application to have him released on bail.
Zimbabwe: Jessie Majome Sworn in As Anti-Corruption Commissioner
President Emmerson Mnangagwa has sworn in former Harare West legislator and a member of the opposition Movement for Democratic Change (MDC) Jessie Majome as one of Commissioner for the Zimbabwe Anti-Corruption Commission (ZACC). Majome who fell out of favor with her party following her decision to run as an Independent candidate after losing in the primary polls to Joana Mamombe was among shortlisted candidates who were interviewed to sit as Commissioners on the anti-graft body.
Zimbabwe: Zim Businesses Eye Zambian Market
By Kudzanai Gerede At a time local businesses have struggled to establish a sound footing in the regional export markets, Zimbabwe is shifting its focus towards expanding into the neighboring Zambia, one of the fastest growing economies in the region. Currently, Zimbabwean businesses have only contributed one percent to Zambia's total imports with South Africa the most dominant player in that market.
Zimbabwe: Another MDC Leader Arrested
Police have charged opposition MDC Youth Assembly Secretary-General Gift Ostallos Siziba with incitement to commit public violence. Siziba, who is represented by ZLHR reported at Harare Central Police Station after the law enforcement agents indicated that they were interested in questioning him. Siziba follows the party's vice chairperson Job Sikhala who was arrested yesterday on charges of subverting a constitutionally elected government. More to follow...
Zimbabwe: Sikhala Reports to Harare Central Police for Questioning
Opposition Movement for Democratic Change deputy Chairperson Job Sikhala has reported at the Harare Central Police Station where he was summoned for questioning in relation to his remarks at a Bikita rally over the weekend where he told party supporters that they will overthrow the President Emmerson Mnangagwa government before the next elections in 2023. Sikhala was in the company of his lawyers Jeremiah Bamu and Obey Shava. More to follow...
Zimbabwe: MDC Youths Side With Under-Fire Sikhala
The opposition MDC Youth Assembly has stood by the under fire vice chairperson Job Sikhala whose remarks at a Bikita rally over the weekend has forced the party to distance itself from the Zengeza West legislator's statement. Sikhala who has since been summoned by the police at Harare Central, told Bikita villagers that they will overthrow the President Emmerson Mnangagwa government before 2023, a statement that has attracted backlash from both government and the ruling party Zanu PF.
Zimbabwe: Zim Rugby Has a New Captain
Brendon Mandivenga has been named as the Sables Captain ahead of Zimbabwe's opening match in the Victoria Cup against Zambia at the Machinery Exchange Stadium, Harare Sports Club this weekend. Zimbabwe and Zambia will match up in the 'Battle of Zambezi' as the first match for both nations in the tournament that features four nations including Kenya and Uganda. The battle of Zambezi will include ladies match between the Zimbabwe Lady Sables and Zambia Women's national team.
Zimbabwe: I Only Know Magaya's Manhood Wrapped Under His Pants - Bev
Following widespread social media speculation that raunchy dancer, Beverly "Bev" Sibanda may have also bedded the embattled Prophetic Healing and Deliverance (PHD) Ministries founder, Walter Magaya, the controversial pole dancer has dismissed the claims saying she has only seen the cleric's manhood covered under his pants. In 2014, Bev joined PHD Ministries and put a halt to her dancing profession.
Zimbabwe: Buffalo Souljah Shattered in One Minute 40 Seconds
By Lemuel Chekai It only took one minute and 40 seconds for Ghanaian Dancehall maestro Shatta Wale to dismantle South Africa-based, Buffalo Souljah in the battle of Africa's King of Dancehall. In a beef ignited at the beginning of this month when Buffalo Souljah, born Thabani Ndlovu dismissed Wale's claim as Africa's King of Dancehall, the former was shattered to an extent that Zimbabweans could not, at least out of bias, stand in his corner over the track Rip Shatta Wale.
Zimbabwe: ICTs Key to Agricultural, Health Research, Development - Kazembe
The Minister of Information Communication Technology, Postal and Courier Services, Kazembe Kazembe has challenged the rural folk to take advantage of the technological advancements that area happening in the country to improve their livelihoods through research and development. Kazembe was speaking at the official launch of yet another Community Information Centre at Charandura, Hama Growth Point in the Midlands Province.
Zimbabwe: Govt Urged to Expedite the Money Laundering Amendment Bill
By Kudzanai Gerede The Zimbabwe Anti-Corruption Commission (ZACC) has added pressure on Government to speed up the Money Laundering and Proceeds of Crime Amendment Bill, a tool widely tipped to bring an end to the widespread problem of illicit financial flows in the country. This follows similar calls from the business sector who want a permanent fix to the scourge that is believed to have disenfranchised the country of its resources.
Zimbabwe: Judges' Interviews Set for Monday
Public interviews to select eight new judges of the High Court have been set for Monday at Rainbow Towers Hotel in Harare. Sixteen aspiring candidates who succeeded in the first stage of the interviews held on June 24 this year, are expected to participant in the oral interviews.
Zimbabwe: Stabilising Prices Boon for Showbiz
By Kundai Marunya As temperatures continue to rise and prices stabilise, out-goers are in for a treat at different venues this weekend. Let Them Festival Young creatives from primary schools countrywide will today and tomorrow be expressing their artistic talents in theatre, poetry, music and dance at the 7th annual Let Them Festival.
Zimbabwe: U.S.$600 000 Machinery for Passport Production
Government yesterday said production of passports is expected to improve within a month as Treasury has bought new machinery to print the travel documents at a cost of nearly US$600 000. In a Press briefing in Hwange yesterday, Home Affairs and Cultural Heritage Minister Cain Mathema said the Government was committed to meeting its obligations to ensure the public accesses travel documents.
Zimbabwe: Passport Crisis Set to Ease - Govt
By Freeman Razemba Government has assured the nation that the production and processing of passports is set to increase following the availability of machinery and printing paper. This comes after members of the public have been complaining that the Registrar-General's Office was taking time to process passports. Sources at the Registrar-General's Office revealed yesterday that they were printing only 30 passports a day.
Zimbabwe: Maid in Court for Molesting Employer's Son (7)
A 19 year old Bulawayo house maid appeared in court on Thursday facing charges of indecently assaulting her seven-year-old employer's child. Ayanda Mpofu of house number 54 Balfour road, Bellevue appeared before Bulawayo magistrate, Franklin Mkhwananzi to answer to the charges. Appearing for the State , Rufaro Mageza told court that on an unknown date during the school holiday in April this year, the boy woke up to find himself in the maid's bed.
Zimbabwe: Border Timbers Moves Out of the Woods
By Alois Vinga Agricultural firm, Border Timbers is swiftly moving out of the woods after recording a profit of RTGS$3.4 million in the period ending March 31 2019, bringing contrasting fortunes with last year when the company made a loss. The company's judicial manager, Peter Bailey told shareholders Thursday that a net profit of RTGS$3.45 million was recorded up from a loss position of RTGS$340 000 recorded in the period ending March 2018.
Zimbabwe: Zinara Boss in Court for Dishing Out $6 000 Fuel Coupons to Journalist
By Mary Taruvinga Zimbabwe National Roads Administration (Zinara) finance director Mudzingwa Simon Taranhike was Thursday hauled before court facing criminal abuse of office charges after he unlawfully gave a local journalist 1 800 litres worth of petrol coupons. Taranhike appeared before Harare magistrate Barbra Mateko. He was not asked to plead and was released on free bail.
Zimbabwe: Mnangagwa, Chamisa Dialogue Will Work Magic - Munyeza
By Robert Tapfumaneyi A top adviser to President Emmerson Mnangagwa and cleric says a meeting by the Zanu PF leader and MDC president Nelson Chamisa was best remedy to the country's economic crisis and international isolation. Shingie Munyeza, who sits in the Presidential Advisory Committee (PAC) appointed by Mnangagwa early this year, said the country was divided along political lines. He said confidence from the international community will only come if the Zanu PF number one met his MDC rival.
Zimbabwe: HIV/Aids Activists Demand End to Drug Shortage, Expired Drug Distribution
By Robert Tapfumaneyi People Living with HIV (PLHIV) have petitioned government to avail enough Anti-Retroviral Drugs in the country and to stop distributing expired drugs. This, they did when PLHIV, networks and civil society organisations Thursday gathered at the Africa Unity Square in Harare to share their experiences and challenges.
Zimbabwe: Biti - Giving Zacc Arresting Powers Illegal
By Paidashe Mandivengerei MDC vice president and former finance minister, Tendai Biti has described government's move to give the Zimbabwe Anti-Corruption Commission (Zacc) arresting powers as "illegal". This comes after Minister of Justice, Ziyambi Ziyambi last Friday announced Zacc now had the privilege of arresting people on suspicion of corruption. This is according to the changes made in the Statutory Instrument 143 of 2019 published in an Extraordinary Government Gazette recently.
Zimbabwe: Re-Inventing Zim Through Fourth Industrial Revolution
Industry 4.0 will impact everyone and everything in the social, economic and political spheres. It will provide us with almost instantaneous information on most things, making us more informed and therefore more demanding. It is a fact that the industrial world is in the midst of a significant revolution regarding the way products are manufactured, mainly due to the digitisation of the manufacturing process.
Zimbabwe: Needless Arrests Evidence That Nothing Has Changed
opinion By MUCKRAKER "The cruelty that is inherent to this ominous threat is inimical to the rule of law and to the social democracy that Mnangagwa has repeatedly claimed to the world defines his so-called new dispensation and reform agenda . . . The gukurahundi-like threat is unpresidential and unlawful." When President Emmerson Mnangagwa went all over Africa telling fellow leaders that the legacy of our previous owner, Robert Mugabe, was intact, he meant every word of it.
Zimbabwe: The Bulawayo Arts Awards Extravaganza
It was glitz and glamour at the Roil Bulawayo Arts Awards ceremony held at the Zimbabwe International Trade Fair's Hall 4. The event could easily have been held in the plush surroundings of Johannesburg, New York, London or even Hollywood. State of the Art Admire Kudita The event arrayed in its galaxy an unabashed host of beautiful women (for which the city is known). But the city of kings is in my view better and more aptly titled the city of dreams.
Zimbabwe: Inadequate Supervision Worsens Mining Deaths
By Lisa Tazviinga The mining industry has suffered several fatal accidents over the past 12 months, mainly because of corruption and inadequate monitoring of mining activities by government. This comes at a time when illegal artisanal gold mining activities have been on the increase.
Zimbabwe: Anguish of a Domestic Cricketer
By Enock Muchinjo A strong foundation that had been laid by Zimbabwean cricket authorities at the advent of the professional era, when money started to flow into the sport, was to take good financial care of both national team players and those in the fringes.
Zimbabwe: An Apology Is the Beginning of a Healing Process - Chiefs
From this week, the Zimbabwe Independent starts serialising a document on submissions made by chiefs from Matabeleland and Midlands provinces to President Emmerson Mnangagwa (pictured) on the occasion of his meeting with them at the State House in Bulawayo on June 28, 2019.
Zimbabwe: Mthuli Ncube's Dramatic New Currency Flip-Flops
By Owen Gagare Government was stampeded into seeking refuge in the resurrected Zimbabwean dollar - as an emergency - as it feared losing control of the financial levers of the economy through rapid re-dollarisation which was likely to result in failure to pay civil servants, particularly the military, in foreign currency as demanded, with dire consequences.
Zimbabwe: Zim Loses Billions to Illicit Financial Flows
Government should complement monetary policy changes with an anti-corruption strategy to curb illicit financial flows (IFFs) as the country is losing billions annually, businessdigest has learnt. IFFs are seen to spiralling this year owing to current payment modalities for small-scale miners.
Zimbabwe: Agribank to Maintain Interest Rates
By Cloudine Matola Agricultural Development Bank of Zimbabwe (Agribank) says it will not review its interest rates for now despite the prevailing economic situation which is in the country, businessdigest has learnt. As the economic crisis continues to deepen, some of the banks in the country have reviewed their interest rates to avoid the risk of the rates being eroded by inflation which currently stands at 97,85%.
Zimbabwe: Zimcricket Needs to Go Back to Its Foundation
By Enock Muchinjo Many amongst us will be unsurprised by Zimbabwe's recent ODI whitewash defeat at the hands of the Netherlands -- one of the supposed minnows of international cricket. To reveal deep-seated ignorance, there are some though who will be blowing their top -- like when United Arab Emirates denied us a World Cup place in 2018 -- and tragically amongst them are those that have been governing cricket in this country.
Zimbabwe: Business Outlook for 2019 Now Uncertain - Ok Zim
By Kudzai Kuwaza OK Zimbabwe Ltd's outlook for the remainder of 2019 is unpredictable owing to instability in prices due to inflationary pressures in the economy, as well as government interventions, a top company official has said. Prices of goods have skyrocketed as a result of the weakening of the local unit against the United States dollar.
Zimbabwe: Revisiting the Beitbridge-Harare Highway
analysis By Victor Bhoroma The state of the Beitbridge-Harare highway is now a cause for concern as the number of human fatalities grows by each day due to deadly accidents in the narrow strip that links Zimbabwe and South Africa. The latest accident along the busy highway being the collision of a commuter omnibus and a heavy duty truck that claimed 19 lives at Featherstone, 108km from Harare.
Zimbabwe: Will Govt Live Up to Its Promise?
analysis By Tinashe Kaduwo Inability to reduce the value of financial commitments denominated in domestic currency via a large exchange rate depreciation or through fueling inflation may be considered as the major cost the government suffered through dollarisation. Now that we have officially re-introduced our own currency, the dynamics in the monetary sector of the economy have totally shifted.
Zimbabwe: Govt Currency Reforms Dicey
analysis By Dumisani Muleya If you were to search President Emmerson Mnangagwa and Finance minister Mthuli Ncube, as well as their colleagues and advisers, among others in officialdom, you will almost certainly find wads of dollars - greenbacks, not bond notes, or some other dubious local quasi-currency - in their pockets.
Zimbabwe: ZB Net Earnings Jump 66 Percent
By Melody Chikono ZB Financial Holdings Ltd's net earnings from trading and lending activities in the five months to May 2019 jumped 66% to ZW$12,4 million from ZW$7,5 million in the same period last year helped by an increase in earning asset portfolio that rose to ZW$625,84 million from ZW$453 million. Total earning assets increased by 38% to ZW$625,8 million from prior year levels of ZW$453 million whilst the ratio of earning assets to total assets came down to 65% from 68%.
Zimbabwe: Warriors - a Very Huge Deception
opinion By Enock Muchinjo In the end, the greatest disappointment of Zimbabwe not living up to the high expectations at the Africa Cup of Nations will, for me, come down to two things. The hype was huge before Zimbabwe's fourth appearance at the Nations Cup finals.
Zimbabwe: Chiri a Lone Voice in Campaign Against Rampant Corruption
analysis By Nyasha Chingono The recently released annual public audit report by Auditor-General Mildred Chiri presents President Emmerson Mnangagwa with a perfect opportunity to act decisively on public sector mismanagement and deep-seated corruption, including prosecution of individuals complicit in graft, if he is to be taken seriously and the economy is to be revived.
Zimbabwe: Govt Eyes New Cheap Funding
By Melody Chikono Ministry of Finance and Economic Development Permanent Secretary (non-accounting) and newly appointed African Development Bank (AFDB) Executive Director, Judith Kateera, says government now prefers concessional funding to commercial loans as it hastens its external debts clearance efforts and developmental agenda. Keteera will commence her duties as executive director in August.
Zimbabwe: Foreign Investors Eye Hwange Colliery
By Nkululeko Sibanda International investors have expressed interest in snapping up equity and providing working capital to Hwange Colliery Company Ltd (HCCL), a company official has said. HCCL, according to reconstruction board chairman Bekithemba Moyo, requires about US$50 million to get it out of the current financial position. The money will be allocated towards critical areas in the mining concern's production chain.
Zimbabwe: Drive to Seize Moyo's Farm Disrupts Deal
By Tinashe Kairiza Spirited manoeuvres by state security agents to illegally seize Elephant Trust farm owned by former minister Jonathan Moyo have frustrated a deal with an investor, which could have potentially transformed the property into a viable enterprise, the Zimbabwe Independent can report.
Zimbabwe: Bigwigs Clash in Explosive Zanu-PF Politburo Meeting
By Andrew Kunambura, Tinashe Kairiza and Ridget Mananavire Heated exchanges flew in an explosive Zanu-PF politburo meeting, where bigwigs publicly accused of corruption by party youths came out guns blazing as they defended themselves and accused the belligerent Young Turks of being sponsored by internal rivals to tarnish their images for political gain, the Zimbabwe Independent has learnt.
Zimbabwe: Magaya's Harare Hotel Goes Up in Smoke
By Staff Reporter Prophetic Healing and Deliverance (PHD) self-styled and controversial cleric Walter Magaya's upmarket hotel in Harare's Waterfalls suburb has gone up in smoke. While details around the fire were still sketch late Thursday videos and pictures of the hotel that has become the symbol of the 'prophet's new found wealth went viral on social media.
Zimbabwe/Congo-Kinshasa: Warriors Speak Out . . . Challenge Accusers to Provide Evidence
By Robson Sharuko Cairo, Egypt — THE Zimbabwe Warriors have challenged those claiming their final 2019 AFCON Group A match against the DRC, could have been compromised by a Congolese business tycoon, to use the comprehensive security apparatus at the hotel they were staying here to substantiate such allegations or simply shut up.
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