Soldiers, Airforce, health sector get 2016 bonuses

GOVERNMENT has paid members of the Zimbabwe National Army, Air Force of Zimbabwe and the health sector their 2016 bonuses. The civil servants also received their April salaries. Public Service, Labour and Social Welfare Minister Prisca Mupfumira yesterday confirmed the payment of the bonuses, saying the Government was still committed to fulfilling More...

by Lex Vambe | Published 1 month ago
By Lex Vambe On Wednesday, April 12th, 2017
0 Comments

In Zimbabwe, Cows May Soon Be Used to Secure Loans

Banks in Zimbabwe could soon be forced to accept cows, sheep and other livestock as collateral from small businesses applying for cash loans. The country’s finance minister, Patrick Chinamasa, put forward the More...

By Lex Vambe On Wednesday, April 5th, 2017
0 Comments

Zim cash crisis worsens

HARARE – Zimbabwe’s severe cash crisis is worsening, forcing banks to reduce further their daily withdrawal limits — in addition to suspending dispensing money through Automated Teller Machines (ATMs). This More...

By Lex Vambe On Wednesday, March 29th, 2017
0 Comments

Mugabe’s Zimbabwe gets busy creating ‘fiction money’.Is this a return of Zimbabwe dollar?

When President Robert Mugabe scrapped the Zimbabwe dollar in 2009, most of his people thought this meant the end of runaway money-printing and hyperinflation that had rendered the currency worthless. They may have More...

By Lex Vambe On Friday, March 24th, 2017
0 Comments

Zimbabwe overspent by $430 million in fourth quarter of 2016 alone

Zimbabwe government expenditure for the fourth quarter amounted to $1.432 billion against a target of $1.006 billion, resulting in an expenditure overrun of 42.3 percent, the latest Treasury bulletin shows. In More...

By Lex Vambe On Monday, March 20th, 2017
0 Comments

Panic and fear of 2008 as Zimbabwe set to print more bond notes

Harare – Zimbabwe’s central bank has printed half of the “bond notes” quasi-currency it intends to issue under a $200 million (R2.5 billion) scheme, a state newspaper reported on Friday. Long bank More...

By Lex Vambe On Tuesday, March 14th, 2017
0 Comments

Travellers to Zimbabwe advised to bring Dollars as cash shortage continues

Travellers in Zimbabwe have been advised to bring along US Dollars, as an ongoing cash shortage in the country has disabled all ATM cash withdrawals for international banks.  This is according to the latest update More...

By Lex Vambe On Monday, March 13th, 2017
0 Comments

Farmers urged to open bank accounts ahead of harvesting

AGRICULTURE, Mechanisation and Irrigation Development Minister Dr Joseph Made has called on farmers across the country to open bank accounts ahead of harvesting to ensure smooth payment for grain deliveries to More...

By Lex Vambe On Wednesday, March 8th, 2017
0 Comments

Zimbabwe to pay $180 million in civil servants bonuses

Zimbabwe will spend $180 million to pay the 2016 bonuses for its workers over five months from April following a crunch meeting with union leaders today, staving off a crippling strike. Civil servants had planned More...

By Lex Vambe On Monday, March 6th, 2017
0 Comments

Zimbabwe govt agrees to pay 2016 civil servants bonuses

HARARE: Government has agreed to pay the 2016 bonuses for its workers over five months from April following a crunch meeting with union leaders on Monday, starving off a planned strike by the civil servants. The More...