Ecocash suspends International payments

Ecocash suspends International payments

HARARE, (The Source) – Econet Wireless Zimbabwe’s mobile money platform, EcoCash on Wednesday suspended the use of its debit card to pay for international transactions, as the country’s foreign currency shortage intensifies. Local financial institutions have been finding it hard...
read more
SPECIAL REPORT: In Chombo, Mugabe gets his yes-man

SPECIAL REPORT: In Chombo, Mugabe gets his yes-man

HARARE, (The Source) – President Mugabe has always hated it when Finance Ministers had minds of their own. In Ignatius Chombo, Mugabe has his yes-man. By giving control of the economy to Chombo, the poster-boy of corruption, Mugabe has again...
read more
Prospect Resources flags Zimbabwe’s lithium potential

Prospect Resources flags Zimbabwe’s lithium potential

HARARE,(The Source) – Australian-listed junior miner Prospect Resources is considering developing a lithium chemical plant at its Arcadia Lithium project in Harare to extract maximum value. Prospect is a southern Africa focused mining and exploration company...
read more
In Zimbabwe, hard currency just got a whole lot harder

In Zimbabwe, hard currency just got a whole lot harder

By MacDonald Dzirutwe, HARARE, (Reuters) – After defying economic gravity for a year, Zimbabwe’s homemade U.S. dollars have fallen to earth with a bump. Rumours the central bank was buying up black market U.S. dollars last month with one of...
read more
Govt avails $38 mn for Zisco workers?

Govt avails $38 mn for Zisco workers?

by Kwekwe Correspondent FORMER Zisco steel employees have started receiving part of the $38 million windfall availed by government as part of the outstanding salaries backdated to 2009, sources said. The development comes at a time government has agreed to...
read more
Africa loses $60bn annually – report

Africa loses $60bn annually – report

Harare – Africa is losing an estimated $60bn annually due to illicit financial outflows mainly of minerals and there is a need to implement strategic policies to curb the leakages, a senior United Nations official said on Wednesday. The UN...
read more
Zimbabweans just don’t trust the system, says c/bank governor

Zimbabweans just don’t trust the system, says c/bank governor

(The Source) – Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday told a meeting of business leaders that the country was generating sufficient foreign currency but was suffering from lack of confidence in the financial system. Mangudya said....
read more
Spectre Of 2008 Hyperinflation Triggers Panic-Buying

Spectre Of 2008 Hyperinflation Triggers Panic-Buying

Harare – Driving to work last week, Dennis Zhemi found his usually busy neighbourhood garage in the Zimbabwean capital Harare deserted and a forecourt attendant signalling “no fuel”. For Zhemi, it was a worrying sign that Zimbabwe’s chr...
read more
Fastjet welcomes Zimbabwe Open Skies

Fastjet welcomes Zimbabwe Open Skies

Low-cost airline fastjet has welcomed the statement by Minister of Finance and Economic Development, the honourable Mr Patrick Chinamasa that Zimbabwe is opening its skies to “any airline that wants to fly as many times as possible.” The opening of...
read more
Pricing madness refuses to die

Pricing madness refuses to die

HELEN KADIRIRE AND JEFFERY MUVUNDUSI • HARARE – Prices of some basic commodities are continuously skyrocketing notwithstanding assurances by the authorities that the situation would soon normalise. A survey done by the Daily News in the two major citie...
read more
1 2 3 34