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Government’s intervention in the economy has failed to improve market performance as its policy measures   have not arrested unrelenting  inflation, haemorrhage exchange rate and currency volatilities, which are ravaging the economy. The observation was made by multiple economists and captains of industry who spoke to Business Times. The economic inefficiency, which resulted in …

Zimbabwe’s tobacco industry has been rocked by a scandal involving  contractors collecting insurance premiums from unsuspecting farmers contracted under them, prejudicing the growers, Business Times can report. Multiple players told Business Times this week that the contractors, who are not authorised to transact insurance business, were  not remitting  the premiums,  which range from US$70 to US$120 per …

Zanu-PF has shut its doors on exiled former minister Saviour Kasukuwere, accusing him of being arrogant and disrespectful to party leader President Emmerson Mnangagwa. Kasukuwere fled the country into self-imposed exile alongside other G40 members, who include former ministers Jonathan Moyo, Walter Mzembi and Patrick Zhuwao following the November 2017 …

CIVIL servants under the Zimbabwe Confederation of Public Sector Trade Unions (ZCPSTU) are this Friday set to march against government’s continued reluctance to pay them in US dollars. Worries emanating from biting inflation and their devalued salaries have been ignored by government according to ZCPSTU. In a statement, ZCPSTU organising …

Zimbabwe is taking steps to tackle an inflation rate that’s jumped to 132% after its currency slumped, Finance Minister Mthuli Ncube said.   “We are instituting measures that every other country in the world is instituting,” Ncube said in an interview with Bloomberg Television’s Manus Cranny and Yousef Gamal El-Din …

Anti-sanctions lobby group Broad Alliance Against Sanctions (BAAS) has handed over letters to the American Embassy in Zimbabwe inviting African-American congressional members to visit the country and witness the negative impact of US-imposed sanctions. “The first letter that we submitted was to the ambassador, whereby we were asking him to …

Parents or guardians who deny their children access to health services on any ground including religious will face up to a year in jail, a fine or both if the Medical Services Bill gazetted last week is passed into law. The Bill seeks to align the Medical Services Act with …

THE Constitutional Court (ConCourt) yesterday raised the age of sexual consent from 16 to 18 in a landmark ruling with far-reaching consequences. The ruling follows an application by two Harare women seeking to nullify the age of consent set at 16, saying it violates the rights and protection of girls …

Zimbabwe’s inflation rate jumped back into triple digits in May after the central bank effectively devalued the local currency by introducing a new interbank rate at which most commerce will take place. Annual inflation quickened to 131.7% from 96.4% in April, ending a 10-month period in which the rate was …

THE Grain Millers Association of Zimbabwe (GMAZ) has secured 400 000 metric tons of white maize from Zambia and Malawi. The move, which comes after government gave private players the greenlight to import the stapple, offset shortages caused by a severe drought that hit the country during the 2021/22 farming …