© THE struggling National Railways of Zimbabwe (NRZ) will refurbish some of its old wagons and acquire news ones within the next three years to boost its operations. While the NRZ requires about 4 246 wagons to operate viably, it only has 3 660 units, thus leaving a negative gap of 586. In a series…
© UNITED States-based economists Steve Hanke says inflation in Zimbabwe has climbed to 326 percent, the second highest in the world after Venezuela. Writing on his Twitter handle, Hanke said the swift depreciation of the local RTGS dollar on both the formal and informal markets has triggered the rise in inflation. [GoogleAd] “The RTGS dollar…
PRESIDENT Emmerson Mnangagwa, pictured, yesterday revealed plans to unveil a new currency before year-end, creating jitters in financial markets which are still to recover from the horrors of 2008 when runaway inflation caused the abandonment of the Zimbabwe dollar. Mnangagwa, whose government is increasingly getting unpopular due to its failure to halt the swift decline…
© ZANU PF has urged Zimbabweans to boycott expensive shops as prices of basic commodities continue to rise on a daily basis. Speaking to the Daily News yesterday Zanu PF youth leader Pupurai Togarepi said the party was not happy that there are some businesses which are now charging their commodities using the parallel market…
© THE prices of basic consumer goods in the country have now gone completely haywire, as the local economy continues to burn and the RTGS dollar plummets against the US dollar, the Daily News can report. [GoogleAd] This means that even more long-suffering Zimbabweans will find themselves on the margins of the economy, as the…
© ZIMBABWE Agricultural Growth Programme (ZAGP) will be launched at Chibero College of Agriculture in Chegutu District, in Mashonaland West Province on June 11 paving the way for increased livestock development in the country. [GoogleAd] ZAGP is a four-year programme funded by the European Union that seeks to transform Zimbabwe’s livestock sector and develop a…
© LOCAL artists will converge here on Sunday for a fun-packed event to be held in memory of the late Zapu leader, Dumiso Dabengwa. According to the director of the Dumiso Dabengwa Foundation (DDF), Mthulisi Hanana, the show is meant to raise money for the foundation, which will go towards preserving the late national hero’s…
© US AMBASSADOR Brian Nichols has pledged to facilitate skills and knowledge transfer between local and American farmers through exchange visits. [GoogleAd] The US envoy said this while touring Nemaramba solar-powered irrigation scheme in Chimanimani recently, adding the visits would strengthen ties between the two countries’ nationals and enhance food security through enhancing farming productivity….
© CITY fathers here are having a torrid time over implementation of the parking management system in the Central Business District (CBD). The push by councillors to have the system implemented in less than 30 days has however, been hampered by a pending court case. [GoogleAd] A local parking management company, Megalithic Marketing (Pvt) Limited…
© ZIMBABWE lacks the fundamentals to introduce its own currency as it could not do so with its huge internal debt and at least US$6 billion to cover imports for a year contrary to claims that the country could do so soon, a respected economist has said. [GoogleAd] Gift Mugano told journalists recently that ideal…
