By NewZimbabwe.com OPPOSITION leader Nelson Chamisa has slammed the government’s plans to introduce a currency board, in another attempt to resuscitate the ailing Zimbabwe dollar, saying it will suffer a stillbirth. Earlier this week Finance Minister Mthuli Ncube said the government was considering introducing a currency board to save the local currency which continues to tumble. […]
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Fiscal policy 2024: The last kicks of a dying horse
By Richard Gandari Last Thursday, Zimbabweans woke up to the shock announcement of Honorable Mthuli Ncube’s nightmarish budget statement. It was a gothic litany of fiscal salvos, meticulously crafted for their shock value. Anybody who had optimistic plans for a prosperous 2024 will have to lower their expectations by a large margin. With normal countries […]
Posted inNews, ZimElections2023
Facing off against ‘Mugabe’s Personal Bodyguard’: The stakes are high for Beitbridge-East CCC candidate – Renatho ‘Tsumbo’ Ndou
By Delta Milayo Ndou When Renatho ‘Tsumbo’ Ndou, was nominated by the Citizens’ Coalition for Change (CCC) to run for Member of Parliament for Beitbridge-East constituency, he summoned me home after being away for 3 years. As the youngest of my late father’s siblings, his summons carried due weight. From the word go, I was […]
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Over 300 million people will require humanitarian assistance next year
Over 300 million people across the world will require humanitarian assistance next year as the global food crisis keeps worsening, the United Nations (UN) Office for the Coordination of Humanitarian Affairs Report released last week has shown. The most affected regions are East and Southern Africa. “One in every 23 people now needs humanitarian assistance,” […]
Posted inNews, We Investigate
Controversy, hiccups mar Byo roads rehabilitation programme
MORE often Siphiwe Nyoni marvels at the headlines on local media on the government’s much vaunted drive to transform the country’s ragged roads under the Emergency Roads Rehabilitation Programme (ERRP). Nyoni, a second year journalism student at a local university, also marvels at the huge amounts that have been occasionally thrown around by the government […]
Posted inNews, We Investigate
Gross mismanagement and corruption threaten NRZ’s viability
Alleged gross mismanagement and corruption of unparalleled levels at the National Railways of Zimbabwe (NRZ) are threatening the state entity’s viability, investigations by CITE have revealed. Despite the management’s narrative that NRZ is facing operational challenges, the truth of the matter is that the company is generating significant income which is allegedly being misappropriated by […]
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US$1 no longer covers two trips: Commuters in Byo lament
The currency volatility and the rise in fuel prices are causing a massive strain on commuters in Bulawayo who have to pay more for a single trip. Commuters in Bulawayo, especially in the western areas, are crying foul over transport fares after commuter operators increased prices, in a bid to stay afloat. For a […]
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BCC clarifies new tariff system
Due to increases in the price of basic service delivery inputs, the Bulawayo City Council (BCC) has clarified its decision to review tariffs by benchmarking them with the prevailing exchange market rate. Earlier this week, BCC announced that it will review its tariffs by indexing them with the United States Dollar, citing the weakness of the local […]
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BPRA to challenge BCC on tariffs adjustment
The Bulawayo Progressive Residents Association (BPRA) says it will challenge a decision by the Bulawayo City Council (BCC) to align tariff charges with the prevailing interbank exchange rate. The local authority announced Tuesday that they will start aligning their tariff charges with the United States Dollar using the official interbank rate. The Zimbabwe dollar is […]
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BCC to bill ratepayers in USD
The Bulawayo City Council (BCC) says it will start charging services in United States Dollars (USD) citing the ever-weakening local currency, which it says is crippling service delivery. Ratepayers who want to pay in the local currency will be charged using the prevailing official exchange rate. The Zimbabwe dollar is currently trading at ZWL$325 to the USD in […]