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Fuel prices shoots up after a 3 week break

The Zimbabwe Energy Regulatory Authority (ZERA) has announced an increase in the price of fuels effective from yesterday, Monday 28 October 2019. The price of fuel hikes has been on hold now for the past three weeks. Maximum pump price of Diesel is now ZWL 17.47 up from ZWL 15.46 and Blend E20 now costs ZWL 16.75 up from ZWL ...

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RBZ clarifies on nostro accounts and cash withdrawals

Reserve Bank of Zimbabwe (RBZ) has dismissed reports circulating on the media that the bank has changed the policy and administrative arrangements regarding the treatment of nostro accounts and cash withdrawals. In a statement RBZ Governor Dr J P Mangudya assured people that there has not been any change regarding free funds. He further said that the funds are to ...

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ED buys private Media Group: company waters down rumours

AIpha Media Holdings Group (AMH) has dismissed reports circulating on social media that President Mnangagwa has bought 30% of the Media Group through his son-in-law Gerald Mlotshwa. In a statement, company secretary Prudence N.Mutsvanga said the AMH has not been in any negotiations with the President or anybody purporting to represent him. Mutsvanga also said the company’s principles are protected ...

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Teachers threaten to down tools

Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) have threatened to put down tools if the government does not address their grievances. “Teachers have suffered enough come 14 October 2019 they will be indefinitely withdrawing their labor!!!!!!!!!! All teachers are invited to join this job action. Teacher munhuwo. Zvakwana!!!!!!!Sokukwanele!!!!,” Teachers have asked for an increase of their salaries as their labor ...

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Zera approves new tariffs

Zimbabwe Energy Regulatory Authority (Zera) has approved adjustments of electricity tariffs, with effect from October 3. This follows after Zimbabwe Electricity Transmission and Distribution Company (ZETDC) had applied seeking another adjustment following the previous application in August this year.Citing that current charges have been harshly weakened by the inflation prevailing in the country. Household tariffs will have a monthly fixed ...

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Biti speaks on the banning of mobile money services

Former Finance Minister and MDC-A Vice President Tendai Biti said the banning of cash-in, cash-out and cash back transactions by the Reserve Bank of Zimbabwe (RBZ) will not stop the parallel market. Minister of Finance Mthuli Ncube yesterday announced that the RBZ will outlaw cash-in, cash out and cash back transactions as to reduce burden on citizens who are losing ...

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ZUPCO fare up

Government through Ministry of Information,Publicity and Broadcasting Services has announced that it will be increasing bus fare standards of the Zimbabwe United Passenger Company (ZUPCO) buses with effect from 01 October 2019. The Ministry of Information, Publicity and Broadcasting Services said, “From the 1st of October 2019 the ZUPCO bus standard fare will rise from ZWL$0.50 to ZWL$1.00,”  Government only ...

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RBZ says ED’s ally accounts remain frozen

The Reserve Bank of Zimbabwe (RBZ) has dismissed reports that went viral on both traditional and social media that it had unfrozen the four accounts it had frozen. The central bank ordered all banks last week to suspend the accounts belonging to one of President Mnangagwa closest ally, namely Sakunda Holdings owned by Kudakwashe Tagwirei, Croco Motors, Access Finance and ...

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Mliswa calls for customer care in ZUPCO fleet

Member of Parliament for Norton Constituency Temba Mliswa has called upon Zimbabwe United Passenger Company (ZUPCO) to educate its drivers and conductors about customer care. Mliswa said ZUPCO workers were failing to respect and engage with customers. Mliswa said customers were being ill-treated by drivers and conductors. Hon. Mliswa said the electronic ticketing was not working as conductors gave an ...

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ZERA pushes fuel prices up again

The Zimbabwe Energy Regulatory Authority (ZERA) has increased fuel prices again with effect from 23 September 2019. In a statement, petrol will be selling at ZWL 11.55 and diesel ZWL 12.08 In August the government increased fuel prices in relation to distance and transport costs from Harare city.However within two weeks it then decided to slightly reduce the prices. Petrol ...

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