Auction system can’t end parallel market

BY VICTOR BHOROMA Despite launching the Dutch-inspired Foreign Currency Auction System (FCAS) in June 2020 (almost one year running), the Zimbabwean economy continues to face...

Traffic congestion a monster in our midst

BY KENNETH MAREYA Urban sprawl and expansion of Harare Metropolitan Province has resulted in an increase in demand for road usage in the city. Traffic...

Zim suffers US$300m trade deficit

BY CHIEDZA KOWO ZIMBABWE suffered a US$300 million trade deficit during the first quarter of 2021, as imports continued to dominate the value of goods...

Lithium pilot plant 92% complete

BY STAFF WRITER LITHIUM miner Prospect Resources says it has completed approximately 92% of work required to commence production at its Arcadia pilot plant in...

Zim undertakes to ‘pay something’ by Q4

BY MTHANDAZO NYONI GOVERNMENT says it will start paying “something to every creditor” that it owes during the fourth quarter of this year, as it...

Shock decline in mineral output

BY FREEMAN MAKOPA/FIDELITY MHLANGA ZIMBABWE’S mining industry suffered huge setbacks during the first quarter of this year, with mineral output falling across sub-sectors after being...

Power Outage In China Led To A Fall In Bitcoin Value...

Bitcoin that is the world's most popular and most prominent cryptocurrency has suffered a downfall of 14% to $51,541 from Sunday onwards. This has...

Decisive Precautions You Can Take For Preserving Your Bitcoin From Latent...

Bitcoin is an utter decentralized and virtual currency operating on a peer-to-peer network of nodes. The decentralized strength of bitcoin demonstrates the non-involvement of...

‘Rethink capitalism amid Covid-19 ravages’

Instead of being the great leveller, as pandemics have been throughout history, the coronavirus pandemic has revealed and compounded pre-existing inequalities in wealth, race,...

SI 127 of 2021: Wrong turn for economy

The Zimbabwean government passed Statutory Instrument (SI) 127 of 2021 on May 26, 2021 as an amendment to the country’s financial regulations. Key provisions...

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