News

  • Youths’ hunger to grow

    Mainstream employment in Zimbabwe has been a scarce thing to come by. With universities churning out graduates in their thousands every year, the opportunities for mainstream employment are highly coveted and cannot cater for every one of them.  However, the Zimbabwean youth have not run out of ideas, they have embraced their entrepreneurial side and to those who do not…

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  • ZIMBABWE FINALLY REMOVED FROM THE GREY LIST 

    By Staff Reporter Zimbabwe has been removed from an international list of economies which are considered to be non-compliant with anti-money laundering and counter financing of terrorist systems.  The announcement which was made by the Financial Action Task Force  FATF comes as a relief to the country’s financial markets which were suffering from the effects of the listing. In a statement,…

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  • HIGH COURT JUDGES APPOINTED 

    By Staff Reporter As the by-elections slated for the 26th of this month draw closer, Chief Justice Luke Malaba has appointed 18 high court judges to constitute the Electoral Court that will handle matters related to the election. According to the Electoral Act, the court is mandated to hear appeals, applications and petitions related to the elections, but will not…

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  • ZIMBABWE AND ZAMBIA PLAN TOURISM PARTNERSHIP 

    By Staff Reporter Zimbabwe and Zambia have reached an agreement to work together on development projects related to tourism. Speaking on the sidelines of the United Nations Environment Programme in Nairobi Kenya, Zimbabwe’s Minister of Environment, Climate, Tourism and Hospitality Industry, Mangaliso Ndlovu, said he held talks with his Zambian counterpart, Collins Nzovu where they agreed to cooperate on tourism…

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  • 200 LOCAL BUSINESSES SANCTIONED FOR MANIPULATING THE ECONOMY 

    By Staff Reporter The Reserve Bank of Zimbabwe,  RBZ’s Financial Intelligence Unit has sanctioned over 200 local businesses for manipulating the foreign currency exchange rate through illicit black market currency trading and abusing the official foreign exchange auction. The Unit is the Central Bank’s investigations section and it has surrendered to the police over 140 cases of alleged financial crimes relating…

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  • GOVERNMENT TALKS TOUGH ON VID CORRUPTION 

    By Staff Reporter With the government cracking down on corruption, and empowering watchdogs such as the Anti-Corruption commission, moves are now being made to curb the vice in the transport sector. Government has given a stern warning to some Vehicle Inspection Department (VID) officials and driving schools involved in corruption. Transport and Infrastructural Development Minister, Honourable Felix Mhona had an…

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  • GOVERNMENT COMPLETES MAJOR ROAD CONSTRUCTION IN VICTORIA FALLS 

    By Staff Reporter As the government gears itself for the expansion of the tourism sector in line with vision 2030, one of Victoria Falls’ major roads has been given a huge facelift. Pioneer road was constructed under the Emergency Road Rehabilitation Programme, and has since been opened to the public. “The completion of this project is an exciting development, it…

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  • SADC PARTNERS ZIMBABWE IN FIGHTING CORRUPTION 

    By Staff Reporter Zimbabwe together with the SADC secretariat are hosting a programme with the thrust of combating cyber-crime and corruption. The purpose of the programme is to assist Zimbabwe, which is a signatory to the SADC protocol against corruption, to implement various strategies against the vice. “As SADC we saw it proper to help Zimbabwe in capacity building initiatives,…

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  • ZIMBABWE ASSUMES KPCS CHAIRMANSHIP 

    By Staff Reporter With the first Kimberly Processing Certification Scheme (KPCS) review in more than a decade scheduled for May, Zimbabwe assumes Chairmanship of the African Diamond Producers Association and the KPCS next year. The mining sector is poised for a further leap as the country is set to assume the chairmanship of the global diamond trade regulatory arm. This…

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  • THE RESERVE BANK OF ZIMBABWE GOES AFTER CURRENCY MANIPULATORS 

    By Staff Reporter The Reserve Bank of Zimbabwe (RBZ) has frozen accounts of four local companies on allegations of irregular financial transactions believed to be driving exchange rate instability. In a statement, the central bank directed all banks to immediately freeze all local accounts for Transerve, Halsteds, Electrosales and Enbee. The move will pave way for investigations to determine the…

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