ZESA Increases Electricity Tariffs After Concerns That It Was Too Cheap

  ZESA Increases Electricity Tariffs The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has increased electricity tariffs with effect from 15 May 2022. Zimbabwe Energy Regulatory Authority (ZERA) has approved a tariff adjustment in order to restore the value of the tariff to a level of USc10.63/kWh which was approved in 2019. Read the notice: …

Zimbabwe’s Reserve Bank Orders Banks NOT To Lend Money To Anyone, Including Government

Zimbabwe’s Reserve Bank Orders Banks NOT To Lend Money To Anyone, Including Government       The Reserve Bank of Zimbabwe has ordered banks and financial institutions in the country not to lend money to anyone, including the government and private individuals. The central bank made the pronouncement following President Emmerson Mnangagwa’s address to the …

“I Will Defeat Spam Bots, Promote Free Speech” – Elon Musk Speaks On Plans For Twitter After US$44bn Deal

“I Will Defeat Spam Bots, Promote Free Speech” – Elon Musk Speaks On Plans For Twitter After US$44bn Deal (Photo by JIM WATSON/AFP via Getty Images / Getty Images)     Elon Musk has said that he will promote free speech and defeat spambots on Twitter after agreeing on a US$44 billion deal to take …

Mnangagwa Blocks Third Fuel Price Hike In Days, Says Govt Should Reduce Duty & Taxes

Mnangagwa Blocks Third Fuel Price Hike In Days, Says Govt Should Reduce Duty     President Emmerson Mnangagwa has blocked the government from implementing a third fuel price in just over a week. The President directed his government to review and reduce charges on fuel to cushion the local economy from instability in oil prices …

NetOne Backs Down & Reverses Astronomical Data Hike After Sanity Finally Prevails

NetOne Backs Down & Reverses Astronomical Data Hike After Sanity Finally Prevails     State-owned mobile network operator NetOne finally backed down and reversed its astronomical data hike on Friday that had left many Zimbabweans stunned. Zimbabweans were shocked to learn that following a review of data bundle prices, NetOne’s One-Fi bundles now ranged from …

Strive Masiyiwa Leaves Econet Wireless

  Image Credit:TechZim Strive Masiyiwa Leaves Econet Wireless  Zimbabwean billionaire, telecoms mogul and philanthropist Strive Masiyiwa has stepped down from the board of directors of Econet Wireless Zimbabwe Limited. Since the founding of the company, Masiyiwa had been on the board. Below is the announcement from Econet. The Board of Directors of Econet Wireless Zimbabwe …

Mthuli Ncube US$50 Cellphone Tax: Parliamentarians Reject Proposal

Mthuli Ncube US$50 Cellphone Tax: Parliamentarians Reject Proposal   Parliamentarians have rejected Minister of Finance and Economic Development Mthuli Ncube’s proposal to introduce a US$50 tax on imported cellphones. The minister announced the US$50 levy as part of the government’s revenue-enhancing measures during last week 2022 National Budget presentation. According to the Finance Minister, he …

Acie Lumumba Chronicles How His Business Collapsed…. Dishes Out Advice To Start-up Businesses

Acie Lumumba Chronicles How His Business Collapsed…..Dishes Out Advice To Start-up Businesses Acie Lumumba(File Image) Social media personality, political activist, and businessman Acie Lumumba took to social media to chronicle how his business collapsed and how he had to rebuild his business again. Acie Lumumba, real name William Gerald Mutumanje is the owner of Platinum …

RBZ Introduces New $50 Bank Note

RBZ Introduces New $50 Bank Note The Reserve Bank of Zimbabwe has introduced a new $50 banknote, which goes into circulation tomorrow (Wednesday). RBZ Governor John Mangudya confirmed the development in a statement Tuesday. “The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that the ZW$50 banknote issued on 6 July 2021 …

“Drink Water”- Cristiano Ronaldo Coca-Cola Snub Causes Company To Lose $4 Billion In Market Value

“Drink Water”- Cristiano Ronaldo Coca-Cola Snub Causes Company To Lose $4 Billion In Market Value Soccer star Cristiano Ronaldo’s Coca-Cola snub at Euro 2020 reportedly caused the soft drink company to lose $4 billion in market value. In the viral video which is currently trending online, Ronaldo who sat beside Portugal manager Fernando Santos ahead …