HARARE – The country’s poverty datum line rose 5.5% to $4 670.04 in December from $4 425.64 the previous month. This means that a person required 0 or US. وان كارد 84 per day to purchase both non-food and...
HARARE – Listed packages manufacturer, Nampak Zimbabwe says while there has been an improvement in foreign currency availability through the auction system and from customers, limitations and delays in disbursements continued to have the effect of creating imbalances within...
Staff Writer
Zesa Holdings though its subsidiary, the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has launched a US$35 million smart and prepaid metering roll-out programme, which will enable to reduce the ever growing debt risk.
At present, ZETDC is owed...
Tapiwanashe Mangwiro
HARARE – Government’s expenditure for 11 months ending November 2019 exceeded actual budget of Z$15.1 billion by 21% against Treasury’s Transitional Stabilization Programme objectives.
Expenditure shot to Z$18.3 billion although the government’s economic blueprint sought to reduce spending to...
Sydney Kawadza
Zimbabwe and Zambia should expect spending millions of United States dollars in regular repairs, rehabilitation and maintenance at the Kariba Dam, which has reached an advanced age of 60 years.
The aging dam, which is one of Africa's largest...
Rhys Balicholo
HARARE – The high levels of debt in African countries are slowing down the development of the economy where seven countries, Zimbabwe included, have a debt to GDP ratio which is above 100.
In fact, the continent’s combined debt-to-GDP ratio...
Former Finance Minister in the Government of National Unity (GNU) and Vice President of Citizens Coalition for Change (CCC) Harare East legislator, Hon Tendai Biti says the Zimbabwe dollar-indexed 2023 national budget announced by Finance Minister Mthuli Ncube is...
Farai Mabeza
THE European Union (EU) has suspended restrictive measures on former first lady Grace Mugabe, a move hailed by proponents of government’s re-engagement drive.
In a statement released Monday, the Council of the European Union said that it would maintain...
Chris Mahove
The Financial Intelligence Unit has directed banks to close accounts of debit card holders who use them to engage in illegal foreign currency deals by transacting on behalf of third parties in exchange for foreign currency.
In a...
Staff Writer
The Zimbabwe Electricity Transmission and Distribution Company has reduced domestic tariff structure by up to 36 percent with the introduction an additional band.
Previously, there was a three-price band for ZEDTC supplied electricity to domestic metered customers. ivermectin in...
