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Lumumba “whistle-blowing”, RBZ scalps start falling

Following the controversial bold outburst by the maverick William Gerald Matumanje affectionately called Acie Lumumba live on social media on Sunday that shook the and astonished the entire Zimbabwean community, the Reserve Bank of Zimbabwe boss has wielded the guillotine and heads are beginning to roll. Zimbabwe President Emmerson Dambudzo Mnangagwa recently warned the Forex dealers and unsurprisingly Lumumba who ...

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Mangudya and Mthuli not to blame for corruption at RBZ: Lumumba

Newly appointed chairman of the Ministry of Finance communications task force Acie Lumumba has accused senior Reserve Bank of Zimbabwe officials of running a foreign currency cartel at the central bank. In his video last night on Facebook he dined that Mthuli Ncube and John Mangudya are not to blame for the corruption at the RBZ. Lumumba named RBZ Director ...

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Deputy Minister Haritatos speaks on “Wheat to bread value chain”

Deputy Minister of Lands, Agriculture and Rural Resettlement, Vengelis Haritatos addressed stakeholders on the issue of wheat at a conference held today at Harare International Conference Centre. The conference was held under the theme “Promoting Value Addition and Beneficial through Restoring Efficiency and Sustainability along the Wheat to bread value chain.” He said that the production of wheat must be ...

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NetOne awards School for less promotion grand prize winners

NetOne has awarded two of the three schools that won in the NetOne School for less promotion. The ceremony took place at the NetOne offices today in Harare. The two schools that received include Bridging the Gap Academy and Good Hope Junior School. Netone gave the winners prices for becoming the top schools in the promotion and promised that the ...

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Dendairy offering hardship allowance

With the economic instability that Zimbabwe is facing the pay, allowance or wages that are been received by many no longer means anything. The business sector is going down as the value of money especially the bond note is going day and the cost of living increase nearly every day. The parallel market is increasing the rates nearly after every ...

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Forex to be availed for pharmaceutical sector

The Vice President Kembo Mohadi has warned the pharmaceutical sector on price hiking and refusing to accept their medical aids under the banner no forex no medication.  He said this to the media yesterday following issue of price hikes that are underway in the country at the Munhumuatapa building in Harare, he said that the government is going to stabilise ...

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Government speaks on price hikes

Following the chaos that is happening in the country the government seems to be confused on the main reasons of the price hikes. Different reactions by local retailers have even made some to close due to the instability. Yesterday the Vice President Kembo Mohadi released a statement were he advised all those who are selling basic commodities to reduce their ...

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Banks starts to trim staff

Central Africa Building Society (CABS) to close two of its branches in Harare. As the country is in the grip of a mega economic crisis which has led to company closures, severe job cuts and price increases on the back of foreign currency shortages, the situation has not spared the long-time serving bank. CABS is merging Malbereign and Mabvuku branches ...

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No US dollar , no medicine

Zimbabwean Pharmacies  have temporarily suspended the use of medical aid cards,selling basic medicines in US dollar and some even closed due to the prevailing economic conditions . Local pharmacies claim that the current bond note cannot buy medicine  especially from outside suppliers  as a result there is no need to sell in bond notes , however the issue of basic ...

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Nation ‘feels’ over Mangudya’s monetary policy.

The people of Zimbabwe have expressed bitterness and cautious feelings about  last Monday’s monetary policy by Reserve Bank of Zimbabwe governor Dr John Mangudya post to his 2016 promises in equating  the US dollar and bond notes . The public is appealing to the government over this so called daylight robbery whereby on every mobile transaction 2 % is to ...

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