ZTN Reporter The Financial Intelligence Unit of Zimbabwe’s central back is investigating individual and companies suspected of involvement in illicit foreign exchange deals. In a couple tweets this morning the Reserve Bank of Zimbabwe warned that accounts of those found on the wrong side of the law will be frozen. “It has come to the […]
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Ndaka Majaka THE prices of basic goods marginally went down in December, with official data showing that the month on month inflation rate last month stood at 16.55 percent, shedding 0.91 percentage points on the November 2019 rate of 17.46 percent. Figures from the Zimbabwe National Statistics Agency (ZimStat) showed that prices as measured by […]
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Ndaka Majaka THE Zimbabwe Revenue Authority (Zimra) says it is has put a stop to its tax moratoriums as some tax payers had started defaulting even more, taking advantage of the good gesture. Zimbabwe’s tax collecting agency has been dolling out moratoriums since 2015 in the wake of economic challenges that have affected the country. […]
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Ndaka Majaka AUSTRALIAN Stock Exchange (ASX) junior miner, Invictus Energy (Invictus), says it has received priority project status from the Government of Zimbabwe as the country draws closer to oil exploration. Invictus – the firm looking to explore the Cabora Bassa Basin oil prospects in Muzarabani – announced on its official website that the project […]
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By Ndaka Majaka Harare city council’s parking management subsidiary, City Parking, has hiked parking lot fees by over 200 percent. The new fees take effect on January 1, 2020. Unreserved parking in parkades will now cost ZWL$500 up from ZWL$150 while motorists will now be required to fork out ZW$600 up from ZW$200 for reserved […]
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By ZTN correspondent Zimbabwe has been facing intermittent fuel shortages for the better part of this year amid long queues at fuel stations countrywide. With the festive season on, demand for fuel is likely to increase as people travel to different holiday destinations across the country. But will there be enough fuel for travellers? The […]
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Belinda Chaora Zimbabwe is set to increase its load shedding hours from 10 hours a day to 18 hours a day after an announcement by the Zimbabwe Electricity Supply Authority, Zesa recently that load shedding is being implemented at Stage 2 levels. In a statement the power utility said: “Load shedding is now being implemented […]
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Hanganani Nleya THE Zimbabwe Government has pegged a 10kg bag of mealie meal at ZWL$50 in a move aimed at cushioning consumers. In a statement released today, Finance and Economic Development Minister, Professor Mthuli Ncube, said “government will ensure that the requisite monthly tonnage of 40,000 Metric tonnes required for producing 32 000 MT of […]
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Patience Nhamburo Disgruntled customers are making a beeline to Econet Zimbabwe offices to register their displeasure as the company’s mobile money service – Ecocash – continues to experience hiccups. Ecocash is said to have undergone an upgrade a week ago but some of the mobile money transfer platform users believe service has become worse after […]
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