Business

President Emmerson Mnangagwa has for the first time admitted that there has been massive pilferage and corruption in government departments which is driving the black market and prices of goods and services. Writing in his weekly Sunday Mail column, Mnangagwa said: “Many things have been going wrong in (public) sector, …

A tense meeting between President Emmerson Mnangagwa and Innscor Africa shareholders over allegations of fuelling currency volatilities rocking the market had a chilling effect after Vice-President Constantino Chiwenga reportedly issued a strong warning against the conglomerate, saying government would treat “economic saboteurs” as enemies of the state. This was revealed …

…VIPs not paying …power utility raises millions in blitz TOP government officials, critical security establishments, including police stations and ministry departments, were left in the dark last week after the country’s power utility, Zesa, switched them off in an attempt to recover US$62 million owed by exporting companies and ZW$17 …

A dual citizen of Croatia and Zimbabwe who fled into the European Union (EU) embassy following a high-speed chase by suspected police officers has left the embassy under unexplained circumstances. It remains unknown if Joseph Richard Crnkovic was transferred to another safe place, but details have emerged that he is …

Debt-ridden Zimbabwe plans to hold a high-level meeting with creditors and the international community as the authorities desperately seek to normalise relations with creditors, the country’s Finance minister has said. The country is battling to repay a huge external debt of nearly US$15 billion which has made it ineligible to …

Fruitful engagements between Plumtree and Botswana chiefs living along the border fence have seen no livestock shot in the past year. Plumtree villagers living along the border fence had been having their livestock shot whenever it strayed into Botswana. Over 600 cattle and 109 donkeys from Zimbabwe were shot between …

Former deputy prime minister Arthur Mutambara has described the Reserve Bank of Zimbabwe’s gold coins as a “self-enrichment scheme” for the Zanu PF elites. The central bank issued 2000 22-carat gold coins worth US$1,824 each on Monday, which central bank governor John Mangudya said would help tackle chronic hyperinflation. The …

“For the common man, there is not really much to benefit directly from this, especially if you don’t have any excess cash.” HARARE: Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency. The …

Civil servants will stage a two-day strike on Wednesday and Thursday this week demanding United States dollar salaries at the same level as they were paid before October 2018 when Zimbabwe lifted the 1:1 pegging between the United States dollar and the bond note. The government raised salaries by 100 …

A new report has exposed government complicity in human trafficking, with the authorities failing to act on several cases involving abuse of local and foreign nationals. According to the United States State Department Trafficking in Persons report on Zimbabwe, there is no political will to fight human trafficking. Some officials …