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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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Mangudya presents new monetary policy

The Governor of the Reserve Bank of Zimbabwe Dr John Mangudya yesterday presented a new monetary policy in which he mentioned the policy as expected to encourage exports and form measures to boost confidence in the foreign currency market, and rein inflation. Mangudya said that, since the economy had been damaged by the reintroduction   of local currency this new monetary ...

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Fiscal Measures for Reversing Fiscal Dis-equilibrium: Mthuli Ncube

The economy is showing signs of recovery albeit with a number of challenges and risks. Indications are that, the economy will grow by 6.3% against the original Budget projection of 4.5% and 4.8% estimated for 2017. With this projected growth Zimbabwe will join the “6% club” of African countries growing at more than 6% per annum. However, the quality of ...

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TelOne launches girl- child empowerment program

TelOne today launched a year- long Girls mentorship program dubbed TelOne QueenMakers girls mentorship program. The event took place at the TelOne learning center today in Harare. Speaking to the media after the launch the TelOne Managing Director Chipo Mtasa said the whole program is to empower the girl child because once you empower the girl child you have empowered ...

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NetOne reaches out to Cholera affected places

NetOne has reached out to cholera affected places like Budiriro, Glenview and Mbare. NetOne organized a cleanup campaign that was held in Budiriro 5.   The Chief Commercial Officer Brian Mutandiro said that NetOne is reaching out to these communities in order to help out so that the issue of cholera can be solved. “We are demonstrating our oneness with ...

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Teargas & Water Cannons in Harare streets as police, council and vendors clash.

Story by Kudzai Tigere Harare turned to a battle ground on Thursday, after a bid by the council and police to remove vendors on the streets was met with resistance from a furious group of vendors. Council launched the operation to clean up the city on Sunday in a move to de-congest the city as it was now crowded. Harare ...

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Money Changer tricked by client

Young college guy who resorted to money changing was recently duped in Harare by his client. Faced with the harsh economic environment the young man opted to raise his fees by going in the central business district streets along 2nd Street and Speke, Harare in front of MUKURU bank entrance waiting for those who have received money from foreign countries ...

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