Business

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 …

FINANCE deputy minister Clemence Chiduwa yesterday said the government had no plans to dump the free-falling Zimbabwe dollar, adding that authorities would instead ramp up surveillance and penalise businesses using the black-market rate. Businesses are pricing goods and services in United States dollars while some are using the parallel market …

International money transfer agency Mukuru, which was founded by Zimbabwean Rob Burrell, will become a sleeve sponsor for English Premier League club Crystal Palace for the 2022/23 season, the club announced on Wednesday. Founded in 2004, the UK-headquartered company is now one of the largest money transfer providers in Africa …

A MAN from Mutare suspected to be the mastermind of a syndicate smuggling second-hand clothes into Zimbabwe from Mozambique, Edward Muhamba, has seen his property and trucks worth US$500 000 frozen by the High Court until he explains how he acquired them. The High Court gave him 30 days to …