HARARE – Zimbabwe’s banking public welcomed central bank governor John Mangudya’s recent capping of lending rates at 12 percent given that Zimbabwe’s lending interest rates are still considered the region’s highest after peaking at an alarming 35 percent. In his 2017 Monetary Policy Statement, the central bank governor put a cap on lending rates, bringing…
HARARE – President Robert Mugabe was this week in Mauritius where he attended the African Economic Platform (AEP) inaugural conference. We sincerely hope the nonagenarian leader and his Zanu PF government took a few minutes to reflect and learn the economic success story of the island nation. Mauritius has been branded a success story in…
HARARE – Reserve Bank of Zimbabwe governor John Mangudya over the weekend reiterated the country’s commitment to repay its external debts. “Zimbabwe owes many people money and we owe it to pay everyone; there is no favouritism. If you borrow money from the World Bank, you need to pay the World Bank, if you borrow…
HARARE – Yesterday, our sister paper the Daily News, carried a story on a burst sewer pipe that runs across the Marimba River near Kambuzuma. This is against the background of a cholera outbreak that has been reported in Manicaland and Masvingo provinces. Two people have since died from the disease. The highly-communicable disease is…
HARARE – The treatment of tobacco farmers in the past few days by buyers has brought to the fore issues of how farmers across the country are treated as second-class citizens. Tobacco farmers are complaining that the new the electronic auction system is not working and they are not happy with the low prices obtaining…
HARARE – President Robert Mugabe’s government must take a leaf from Japan, which returned to a trade surplus for the first time in six years in 2016, helped by cheaper oil imports and an improvement in exports toward the end of the year. The Asian nation’s trade balance improved drastically from a deficit of ¥2,79…
EDITOR — The country must develop sustainable renewable energy sources to cushion the economy from the devastating effects of power shortages. It is imperative that our policy makers look into the aspect of energy provision with an inclination towards establishing our own reliable energy sources. Previously, so much has been said with regard to alleviating…
HARARE – You have to give it up to Zifa president Philip Chiyangwa after he engineered the downfall of former Confederation of African Football (Caf) Issa Hayatou yesterday. Chiyangwa was the campaign manager for Madagascar Football Association president Ahmad Ahmad, who was voted as the new Caf president yesterday after beating Hayatou by 34 to…
HARARE – How Zanu PF functions and how it has remained in power even against glaring evidence of its incompetence really boggles the mind. Some can be forgiven for concluding that we have a leadership that we truly deserve, because we have been stuck with the same recycled deadwood for over 37 years and with…
HARARE – Zimbabweans on Thursday woke up to the terrible news of the demise of over a dozen family members in a horrific accident that had occurred the previous night near the National University of Science and Technology (Nust) in Bulawayo. Social media went into a frenzy, posting images of the crash, although details of…
