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All is set for surprise Zim Dollar re-introduction

HARARE- President Robert Mugabe’s administration, is reportedly sittings on wads of a new Zimbabwe currency to be backed by a gold standard, which can be issued at a moment’s notice as a home grown panacea to manage a dwindling economy, Zimbabwe Today has been told. The idea for the gold-backed currency …

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New Zim bonds coins start circulating

Happiness Zengeni Business Editor— Banks will today start circulating the Reserve Bank of Zimbabwe’s imported bond coins, in a move expected to ease the problem of small change that has been bedevilling the economy since the advent of the multi-currency regime in 2009. The coins will be distributed by RBZ through normal …

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Zim receives a $100 Million Fund for Kariba Dam Refurbishment

The World Bank and the Swedish government Wednesday availed Harare with $100 million for the rehabilitation of the cracked Kariba Dam Wall. The World Bank contributed $75 million while the Swedish government provided an extra $25 million to meet part of the costs required to refurbish the Kariba Dam wall …

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Mugabe and China looted $8 Billion Diamond Revenues

The reason for the secrecy became apparent during an undercover ­investigation at the fields, where I found conclusive evidence of ­collusion between China and Mugabe. In an official — but highly-confidential — agreement between the two countries, the Chinese People’s ­Liberation Army and Mugabe’s ­military chiefs are plundering the Marange …

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Mugabe’s holiday expenditure exposed

Janet Shoko Zimbabwe’s President Robert Mugabe has begun his annual month long vacation in the Far East, days after firing his deputy and reshuffling his cabinet. The trip is set to trigger the traditional speculation over Mugabe’s health, as the Zimbabwean strongman’s annual holidays have been characterised by death rumours. …

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Fears of Zim Dollar re-introduction grips Zimbabwe

MOST people have criticised the government decision to introduce bonded coins saying the move could be a way of trying to bring back the Zimbabwean dollar through the back door. The MDC led the criticisms saying the people have neither ‘confidence’ in the Zanu PF government policies nor “faith” in …

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Gvt to introduce policy for Zimbabweans in the Diaspora

Martin Kadzere  Senior Business Reporter GOVERNMENT is developing a National Diaspora policy meant to harness investment from Zimbabweans working abroad, according to a progress report on ZimAsset.The policy seeks to “facilitate the issuance of Diaspora Bonds and other financial instruments” to enable Zimbabweans living abroad to participate in the country’s …

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Chiyangwa to lose properties, court rules

The High Court on Monday threw out a bid by Crittal Hope Private Limited, a company linked to businessman Mr Philip Chiyangwa, to stop the removal and auctioning of the firm’s attached property over a $384 000 debt. Eighteen former Crittal Hope workers, who were retrenched in 2012, successfully sued …

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Russia to build agricultural base in Zimbabwe

Russia is keen on further expanding its footprint in Zimbabwe’s business circles and has cast its eyes on agriculture, promising to set up vast equipment assembly plants at a knock down cost.   There is a growing demand for agricultural produce in Russia, which is under sanctions from the European …

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