Zim mulls tariff hike as electricity becomes 'very big problem'

2019-07-16 17:41

Energy Minister Fortune Chasi said on Monday that his department was considering a tariff review, or cutting off electricity supply to debtors.

 

Zimbabwe can’t pay for imports, narrows trade deficit

2019-07-10 22:02

Zimbabwe's trade deficit has narrowed to $332m for the five months to May as the southern African country battles to pay for key imports such as electricity and fuel.

Eskom confirms Zim paid back the money

2019-07-02 16:54

Eskom has issued a statement confirming that payment from Zimbabwe regarding outstanding debt is reflecting in the power utility's account.

We cannot fear change - Zim's Mnangagwa on currency

2019-06-25 21:10

In a statement released on Tuesday, Zimbabwe President Emmerson Mnangagwa said it had always been clear that for the country's economy to take off, "we need our own currency".

Zimbabwe demands right to sell $300m of ivory to fund game reserves

2019-06-11 20:23

Zimbabwe has demanded the right to sell its stockpile of ivory to raise money for conservation, wildlife authorities says, joining other southern African nations in calling for the global ban on the trade in tusks to be relaxed.

Bleak first quarter of 2019 for Zimbabwe mining firms

2019-05-23 09:31

Mining houses in Zimbabwe experienced a poor first quarter of the year as delays and the non-payment of foreign currency earnings by the central bank stifled production.

Fuel in Zimbabwe will now cost over R20 a litre

2019-05-21 11:53

Zimbabwe has announced a massive fuel price hike after the country's central bank said it would no longer provide fuel dealers with funding for petrol and diesel.

Anglo American opens Zimbabwe's first platinum smelter

2019-05-16 19:04

Mining giant Anglo American has opened a $62-million platinum smelter in Zimbabwe, the country's first such refinery, as President Emmerson Mnangagwa vowed to boost the country's valuable platinum sector.

New energy minister for Zimbabwe as load shedding continues

2019-05-15 11:02

Zimbabwe started implementing load shedding on Monday, given low water levels at the Kariba Dam's hydroelectric power plant, generation constraints at local power stations and limited foreign imports.

Zimbabwe owes airlines $196m in trapped funds, says authority

2019-07-10 16:13

Zimbabwe owes airlines about $196m that’s stuck in the country due to a shortage of hard currency, according to the International Air Transport Association.

Transnet investment target risky and doubtful - Zim auditor general

2019-07-02 20:30

The National Railways' of Zimbabwe has been operating without a finance director and internal auditor, while its wagons and other infrastructure are not insured.

Night work: Power cuts add to Zimbabwe's mounting woes

2019-06-30 10:27

Zimbabwe's worsening electricity shortages mean power is often only available for a few hours in the middle of the night -- forcing furniture maker Richard Benhura to start work at 11:00 pm.

Zim's dollar returns, a decade after it became worthless

2019-06-24 20:10

Zimbabwe has brought back its own currency, the Zimbabwe dollar, just over a decade after its usefulness was destroyed by hyperinflation.

Zimbabwe leader wants new currency, IMF loan in revival bid

2019-06-21 15:36

Zimbabwean President Emmerson Mnangagwa and his finance chief want a new currency by March, would seek financing from the International Monetary Fund, and may even consider a Eurobond offering, as the struggling economy emerges from almost two decades of isolation.

SEE: Prisons under siege as Zimbabwe's economic woes persist

2019-06-18 22:18

The Chikurubi Maximum Security Prison in Harare is crumbling at the seams, assailed by overcrowding and a critical shortage of medicines, food and other basics as the economically-crippled country battles to care for its inmates.

Morgan Tsvangirai's daughter dies

2019-06-11 07:20

The daughter of late Zimbabwean opposition leader Morgan Tsvangirai, Vimbai Tsvangirai-Java, 36, has died following a car crash about a month ago.

Amnesty International suspends Zimbabwe office over 'fraud'

2019-05-31 05:43

Amnesty International has suspended its local branch in Zimbabwe after uncovering evidence of fraud, in the first such move by the rights advocacy group.

WATCH: Zimbabwe outages plunge businesses into darkness

2019-05-23 10:02

Zimbabwean President Emmerson Mnangagwa promised a 'brighter tomorrow' when he was sworn in, vowing to revive the country's economy. But this week Zimbabwe is firmly in the dark, as it endures the worst power cuts in three years.

'Open for business' Zimbabwe has little to show for $27 billion

2019-05-22 12:25

When Emmerson Mnangagwa took over the leadership of Zimbabwe from Robert Mugabe in November 2017, he promised to revive the moribund economy and adopted a mantra he’s repeated regularly ever since - 'Zimbabwe is open for business'.

Zimbabwe to subsidise public transport as inflation accelerates

2019-05-21 07:45

The measure is introduced as the central bank and finance ministry injected $500 million to improve the liquidity of the foreign-exchange interbank market.

Military stake stymies R57bn Zim platinum project

2019-05-15 12:40

A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4bn, about R57bn, is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions.

Grace Mugabe faces new assault charge

2019-05-15 09:14

Former Zimbabwean first lady Grace Mugabe is facing a new charge of assault, which stems from an incident with her housekeeper.

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