© CORRUPTION has over the past two decades decimated the country’s economy. [GoogleAd] Ordinary folks have bore the brunt of corruption with those in positions of power diverting resources to benefit a few individuals and perpetuating inequalities and vulnerability, subjecting the weak to poverty and stripping them of their dignity. While corruption will never disappear…
© THE Confederation of Zimbabwe Industries (CZI) has called on the country’s monetary authorities to rein in runaway inflation and the fall of the local currency against major currencies as local companies are once again headed for closure. [GoogleAd] Industry has been struggling to operate due to foreign currency shortages, an unstable economic environment, inconsistent…
© ON NOVEMBER 4, 2012 the Rainbow Tourism Group (RTG) announced that they had appointed top business executive Tendai Madziwanyika as the new chief executive as it sought to return to profitability in the next financial year. [GoogleAd] Until Madziwanyika’s appointment, RTG finance director Paschal Changunda had been acting since the departure of Chipo Mtasa…
© NAMPAK, Africa’s largest diversified packaging manufacturer, says it is adopting hyperinflation accounting for its Zimbabwean operation in light of the hyper-inflationary environment plaguing the economy. [GoogleAd] Zimbabwean companies are currently facing even tougher times ahead as the cost of doing business keeps soaring — driven by rising inflation and interest rates, as well as…
© BARELY 24 hours after a special United Nations human rights envoy issued a damning assessment of Zimbabwe’s democratic credentials, the country’s notoriously partisan police force tried to ruin the MDC’s 20th birthday celebrations in Harare yesterday, the Daily News on Sunday reports. [GoogleAd] The capital city woke up to a sea of cops in…
© A priest asked God to take pity on Robert Mugabe, pictured, as the family of the longtime Zimbabwean leader buried him Saturday at his rural home. [GoogleAd] They chose a private farewell for one of Africa’s most divisive figures after a weeks-long dispute with the administration that forced him from power. “This man lives…
© The government has gazetted a tough law prescribing a $6 000 fine for those found pricing goods in US dollars or any other foreign currency. [GoogleAd] Failure to pay the $6 000 fine will result in the State charging an extra $100 daily for each day of default, and the extra $100 will accumulate…
© ENERGY minister Fortune Chasi says he has no clue when the country’s fuel crisis will end, amid resurgence of winding petroleum queues in most cities and towns. [GoogleAd] The availability of fuel has been intermittent since January due to severe foreign currency shortages. As a result, the price of fuel has gone up more…
© THE Zimbabwe Republic Police (ZRP) has transferred at least 209 officers from ranks between sergeant to assistant commissioners as part of an ongoing restructuring exercise. [GoogleAd] Of the 209, 150 are constables, 23 inspectors, 18 sergeants, 12 superintendents, two chief inspectors, two sergeant majors, one chief superintendent and one assistant commissioner. National police spokesperson…
© Harare City Council (HCC) will lease a building in the city’s prime financial district housing the Rufaro Marketing headquarters, marking an expansion in the drive to raise money for the cash-strapped municipality. [GoogleAd] While touring Splash Paints recently, Harare mayor Herbert Gomba, pictured, said growing enterprises in the city could go and look at…
