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The currency volatility in the economy has led to an increasing number of workers who are paid in Zimbabwe dollars to plead incapacitation. The rapid depreciation of the Zimbabwe dollar which is now trading at nearly ZW$4000 to the United States dollar which is more than double the rate at …

Zimbabwe is facing more difficult times ahead of elections set for August 23 this year with various shocks ravaging the economy, captains of industry said yesterday. The captains of industry said the economy now stands at a crossroad, suffering from the rising inflation, currency crisis, exchange rate volatility and weak …

Councillors in Chiredzi have begun the process of cancelling an agreement with land developer Full Life Open Arms Africa Investments (FLOAAI), accusing the company linked to minister of Local Government July Moyo of breaching a contract signed in 2018. This development comes only two weeks after residents approached the High …

The government will not dump the Zimbabwe dollar even if it loses value to unsustainable levels amid fears that the authorities will be forced to abandon all infrastructure developments that they are currently undertaking, Business Times can reveal. Zimbabwe is undertaking several infrastructure development projects which include the Beitbridge-Masvingo-Harare road …

Captains of the industry and analysts have called for the shutdown of the forex auction system saying the meagre US$5m cap on weekly foreign currency allocation was only fit for Small to Medium Enterprises (SMEs) and admission on the need to dollarise. These comments came after Finance and Economic Development …

Hwange Thermal Power Station Unit 7, which was recently taken off the national grid for further tests, was successfully put back on Monday, adding 300 MW to the national output. The 300 MW Hwange Unit 7 had been disconnected from the grid for system evaluation before beginning the final commissioning …

The Zimbabwe Electoral Commission (Zec) has dismissed claims by the opposition that the voters’ roll has been manipulated against their favour as “mischievous and preposterous”. Zec said the voters’ roll inspection exercise which is currently ongoing had been instituted to clean as well as fix errors and irregularities which some …

Citizens Coalition for Change (CCC) legislator Tendai Biti has warned the unconstitutional recruitment of agents from spooky Zanu PF aligned group, Forever Associates Zimbabwe (FAZ) to allegedly tamper with the country’s election process was fertile ground for a military coup. The politician, who is also CCC co-vice president, was speaking …

Warning follows open letter earlier this year that called for a six-month pause on AI development. Artificial intelligence poses a “risk of extinction” that calls for global action, leading computer scientists and technologists have warned. “Mitigating the risk of extinction from AI should be a global priority alongside other societal …

China accounts for half of global electric vehicle sales and is the site of Tesla’s first factory outside the United States. Tesla CEO Elon Musk has met top ministers in China to discuss the development of electric and “intelligent networked” vehicles as well as the expansion of the carmaker’s operations …