Business

On May 7, Zimbabwe’s government came up with new measures to stabilise and bring confidence to the economy. It identified the fast-depreciating currency as the source of the recent increase in inflation, which was 15.5 percent month-on-month. Do the new policies measure up? The most far-reaching new measure is the …

The Environmental Management Agency (Ema) says Harare City Council (HCC) is spending at least US$3 million per month in treating water polluted by sewage effluence disposed into rivers. An estimated 383 mega litres (ML) of raw and partially treated sewage is discharged daily into the environment, according to a report …

GOVERNMENT’S knee-jerk reaction to the on-going economic implosion will not address the country’s economic woes, the Zimbabwe National Chamber of Commerce (ZNCC) has said. Zimbabwe is battling rising inflation which according to independent researchers is now second highest on the continent. Official statistics show that Zimbabwe’s year-on-year inflation for April …

Banks in Zimbabwe will meet with authorities on Monday to get clarity on a weekend order given by President Emmerson Mnangagwa that they must halt lending that he blamed for fueling a currency crisis. Mnangagwa imposed capital controls and ordered banks to suspend lending to government and the private sector …

…MPs summon Ncube over inflation ……as Zanu PF fears electoral loss PRESIDENT Emmerson Mnangagwa is fretting over the possibility of losing the 2023 elections at a time Zanu PF members of Parliament say launching a serious campaign for themselves and their leader will this time be difficult due to the …

THE latest measures by President Emmerson Mnangagwa to halt  the sliding Zimdollar are an act of desperation and are not likely to work, analysts have said. Mnangagwa’s measures include breaking the ill-advised monopoly in public transportation and suspension of bank lending, among others. Economists, however, said the move by the …

‘I can’t believe that this government can disregard a people’s culture and heritage like this’ BULAWAYO – The late vice president Joshua Nkomo’s son has described a government decision to pull down a Nguni shield outside the Joshua Mqabuko Nkomo International Airport in Bulawayo as “an insult.” A black and …

The ongoing land dispute in Budiriro between land developer Fifty Angels Company and one Hebert Senda, popularly known as Madzibaba Enock, has reached a boiling point with Senda now accused of dropping President Emmerson Mnangagwa’s name, the Zimbabwe Independent has learnt. The land under dispute is at number 2254, which …

The Passengers Association of Zimbabwe (PAZ) has given the government and ZUPCO a 24-hour deadline to provide adequate public transport in urban areas or face being dragged to court. The police’s ongoing crackdown on pirate taxis has exacerbated the transportation problems, as the limited number of state-owned ZUPCO buses and …

COMMUTERS continue to face transport challenges, especially in Harare, despite the injection of an additional 65 buses into the urban transport system by Zupco in the last nine days. Zupco acting chief executive officer Mr Everisto Madangwa told The Herald that 40 buses were injected on Monday last week while …